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135 million yuan breakup fee! A share reappears in a sky-high divorce case

author:Top News

Following the "Weibo husband search", divorce, and the actual controller's shares were frozen or even enforced by the judiciary, Beauty Beauty (605136. SH) controlling shareholder and actual controller Huang Tao and his ex-wife Weng Shuhua have a new situation in the divorce dispute.

On the evening of March 25, Beauty Beauty announced that Weng Shuhua requested property division and transferred 1/8 of the 134 million shares of Beauty Beauty Cosmetics registered in Huang Tao's name, that is, 16,747,538 shares. Based on the closing price of 8.04 yuan per share on March 26, the market value of this part of the equity is about 135 million yuan.

The former proprietress asked for the division of property and had previously "Weibo to find a husband", which caused the stock price to plummet

Beauty Beauty announced on the evening of March 25 that it had recently received a notice from Huang Tao, the controlling shareholder and actual controller, that he had received a summons, a notice to present evidence and a notice to respond to the lawsuit from the Shanghai Xuhui District People's Court.

Because Huang Tao was involved in a property dispute after the divorce, his ex-wife Weng Shuhua requested the division of property, requesting that 1/8 of the total 134 million shares of the company registered in Huang Tao's name, that is, 16,747,538 shares, be transferred.

135 million yuan breakup fee! A share reappears in a sky-high divorce case

The pictures in this article are all pictures of the WeChat public account of "Zhejiang Economic Broadcasting".

Beauty Beauty also announced that this lawsuit will not have a significant impact on the company's operation. As of the announcement date, the case has not yet been heard, and it is not possible to judge the outcome of the litigation, the trial time and the impact on the company's current and future profits and losses, and there is uncertainty about whether the rights and interests of the controlling shareholder and the actual controller will change.

According to a previous report by "Daily Economic News", on September 29, 2020, Beauty Beauty successfully landed on A-shares. However, less than a year after this typical entrepreneurial "mom-and-pop shop" went public, the husband and wife had already "turned against each other", and the stock price then plummeted.

On March 8, 2021, Weng Shuhua shouted to her husband Huang Tao through her personal Weibo, "Remember that you are a man with a wife and children, and remember your responsibilities as a husband and father". She said that in the past few years, Huang Tao has never gone home at night, and he can't even see anyone, and when the child is sick, he has called him continuously and there is no response......

On March 11 of that year, Weng Shuhua once again spoke on Weibo: "Since you beauty makeup Huang Tao only has beauty makeup and vice president in his eyes, and there is no such home, then please pay attention to check the documents and see you in another place!"

135 million yuan breakup fee! A share reappears in a sky-high divorce case

On July 13, 2021, Beauty Beauty received a notice from Huang Tao, the controlling shareholder and actual controller, that he filed a lawsuit with the Shanghai Xuhui District People's Court due to a divorce dispute between himself and his spouse Weng Shuhua, and these lawsuits do not involve property division at present, so Weng Shuhua filed an application for property preservation, resulting in Huang Tao's 1.12 million shares of the company's shares being judicially frozen.

On November 21, 2023, Beauty Beauty announced that the company recently received a notice from Huang Tao, the controlling shareholder and actual controller, that the divorce dispute between him and Weng Shuhua has been effectively decided by the relevant court. According to the enforcement ruling of the Shanghai Xuhui District People's Court, it was decided to freeze the 10 million shares of the company held by Huang Tao.

On February 22, 2024, Beauty Beauty announced that the company recently received a notice from Huang Tao, the controlling shareholder and actual controller, that he received an "Enforcement Ruling" issued by the Shanghai Xuhui District People's Court, according to the ruling of the aforementioned ruling, Huang Tao's 10 million shares of the company that were frozen will be judicially enforced.

More than 10 years ago, they started from scratch together Weng Shuhua: I didn't take shares because I trusted him

According to Red Star News, "We were born in 2005, and then in 2006, Mr. Huang had acute diabetes and went home to rest, I took care of the child while running a Taobao store, and in 2010 we returned to Shanghai." Weng Shuhua said.

According to public information, Beauty Beauty Shanghai Cosmetics Co., Ltd. was formally established in 2010, and its legal representative, Huang Tao, headquartered in Shanghai, is a well-known online cosmetics marketing and retail service provider in China.

135 million yuan breakup fee! A share reappears in a sky-high divorce case

Beauty beauty makeup Tmall flagship store

Weng Shuhua said that she met Huang Tao when she was relatively young and started a business together in Beijing. "We started our business in 2007 with my husband and I, and another partner, and the three of us started out as a family workshop. ”

She said that she later served as a supervisor of Shanghai Beauty Beauty E-commerce Co., Ltd., a wholly-owned subsidiary of Beauty Beauty, but in 2019 the position was changed to Zhang Zhiguo, "Why it wasn't me anymore, I don't know." ”

Weng Shuhua recalled that after they had their third child in 2012, Huang Tao wanted her to choose between career and family, "He wanted me to return to the family. At that time, he said to me, I educate my children well at home, this is the first thing, and he will do a good job in his career. "In 2019, I basically didn't have much contact with the company, and there will still be some things that need me to do one after another, and I will still do them. ”

Weng Shuhua said that Huang Tao will no longer go home after 2019, at first she went to the company to find Huang Tao, and met several times one after another, "but he was also perfunctory, and then slowly, basically I couldn't enter the company, and they (the company's employees) obstructed it." ”

Weng Shuhua said that what they said at the beginning was that the company would be handed over to Huang Tao, and he would do a good job and take care of the family himself. "But since 2018, one after another, he will not give me the living expenses on time, and when I often go to ask for it, he ignores it and sometimes delays. ”

As for why she has no ownership relationship with Beauty Beauty, and she does not have a task share, Weng Shuhua said that it is completely out of trust, "I trust him very much." I didn't think about it that much, I was thinking that we were both one, so I didn't think about it that much. The husband and wife started from scratch, so my mine is also his, and it has always been like this when I started my business. ”

It is expected that the stock price will fall by more than 80% from its peak last year.

On January 30 this year, Beauty Beauty released a pre-profit announcement for its 2023 annual results.

135 million yuan breakup fee! A share reappears in a sky-high divorce case

According to the preliminary calculation of the financial department, it is expected that the net profit attributable to shareholders of the listed company in 2023 will be 28 million yuan to 35 million yuan, and compared with the same period last year, it will turn losses into profits. It is estimated that the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses in 2023 will be 11 million yuan to 15 million yuan.

In 2022, its net profit attributable to shareholders of listed companies will be about -140 million yuan, and the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses will be about -170 million yuan, and earnings per share will be -0.35 yuan.

Beauty Beauty said that the company's net profit attributable to shareholders of listed companies in 2023 turned around compared with 2022, mainly due to the growth of the company's emerging channel business, the smooth progress of brand incubation, the improvement of inventory structure and overall cost control.

As of the close of trading on March 26, the share price of Beauty Beauty closed at 8.04 yuan, which was more than 80% lower than the record high price of 54.89 yuan in the early days of its listing, and the total market value was only 3.22 billion yuan.

135 million yuan breakup fee! A share reappears in a sky-high divorce case

According to Zhejiang Economic Broadcasting WeChat