In recent years, equity auctions of small and medium-sized banks have become common, but auctions of "criminal-related equity" are not common.
On the morning of April 23, 50 million shares of Bank of Chengdu ended the bidding on the Ali asset judicial auction platform, which attracted market attention. The Financial Times reporter noted that the 50 million shares were not an ordinary judicial auction, but an asset auction involving a criminal case.
According to the Ali asset platform, the 50 million shares auctioned by Bank of Chengdu were divided into 10 auctions, each of which was 5 million shares, and the starting price was 66.75 million yuan, totaling 667.5 million yuan. Among them, 6 transactions were all completed at 70.6 million yuan, equivalent to about 14.12 yuan per share, 3 transactions were traded at 68.7 million yuan, equivalent to about 13.74 yuan per share, and 1 transaction was completed at 70.5 million yuan, equivalent to about 14.1 yuan per share.
Judging from the confirmation of the success of the online bidding disclosed by the Ali asset platform, among the 10 transactions, 6 of the shares were acquired by Zheshang Securities Co., Ltd. at a cost of about 423.6 million yuan, and the remaining 4 transactions were won by Wei Wei, Zhong Ge and Zhang Shouchun.
It is understood that the 50 million shares auctioned by Bank of Chengdu belong to Shanghai Dongchang Investment Development Co., Ltd. (hereinafter referred to as "Shanghai Dongchang Investment"), but it is actually held by the person subject to execution, Che, and 10 of them are involved in criminal cases.
According to public information, Shanghai Dongchang Investment was established in 1999 with a registered capital of 304 million yuan, and its business scope includes automobiles and auto parts, domestic trade (except for franchise and special approval), property management, car rental, investment in high-tech, industry, agriculture and real estate (non-financial enterprises).
According to the financial report of Bank of Chengdu, as of the end of 2023, Shanghai Dongchang Investment is the sixth largest shareholder of the bank, holding 98.4098 million shares, accounting for about 2.58%, of which 50 million shares are frozen.
As for whether the criminal assets will have a certain impact on the bank equity auction, a banking insider told reporters, "It is not uncommon for criminal assets to be auctioned, and for investors, it is not only necessary to look at the investment value and pricing of the assets themselves, but also to see whether the criminal cases involving specific equity assets will affect the future liquidity of assets." ”
The reporter noted that recently, 25,911,200 shares of Bank of Sichuan held by Hao Weining, the person subject to execution, were publicly auctioned on the Jingdong judicial auction network, and were finally traded by Xichang Heyuan Logistics at a starting price of 33.6853 million yuan. According to the auction information, the above-mentioned auctioned equity is also the property involved in the criminal case.
According to public information, Hao Weining was "double-opened" in January 2018, and in June of the same year, the Liangshan Prefecture People's Procuratorate prosecuted Hao Weining to the Liangshan Prefecture Intermediate People's Court for the crimes of accepting bribes, illegally issuing loans, and dereliction of duty by personnel of state-owned companies and enterprises. Prior to that, he worked in the financial institutions of Sichuan Liangshan Bank for nearly 30 years, and served as the chairman and party secretary of Sichuan Liangshan Prefecture Commercial Bank.
In recent years, there has been a "cold spring" in bank equity auctions, and the equity of small and medium-sized banks has frequently appeared on major auction platforms, with some starting prices as low as 1 yuan, but there are still few people who are interested, and there are even unsuccessful auctions and multiple unsuccessful auctions.
The above-mentioned industry insiders said, "as long as the information disclosure is sufficient and the pricing is reasonable, with the continuous improvement of the internal governance of small and medium-sized banks, the improvement of operation and risk control capabilities, and the improvement of the macroeconomic situation, the equity auctions of some small and medium-sized banks will decline significantly in recent years." ”
According to public information, Bank of Chengdu was established in December 1996, its predecessor was Chengdu Urban Cooperative Bank, renamed Bank of Chengdu in 2008, and listed on the main board of the Shanghai Stock Exchange on January 31, 2018, making it the first listed bank in Sichuan Province. As of the close of trading on April 23, the share price of Bank of Chengdu was 14.5 yuan per share, a cumulative increase of nearly 30% since the beginning of this year.
On April 24, the 2023 annual report data released by Bank of Chengdu showed that during the reporting period, the bank achieved operating income of 21.702 billion yuan, a year-on-year increase of 1.461 billion yuan, an increase of 7.22%, and net profit attributable to shareholders of the parent company of 11.671 billion yuan, a year-on-year increase of 1.629 billion yuan, an increase of 16.22%.
Source: Financial Times client
Reporter: Zhang Bingjie
Editor: Liu Nengjing
Email: [email protected]