Jiang Wei became the richest man in Guizhou again: pledged nearly 700 million shares 6 times in half a year

　　On the recently released 2020 Hurun Rich List, Jiang Wei, chairman of Guizhou Bailing, became the richest man in Guizhou with a wealth of 12 billion yuan, which is the second time jiang Wei to regain the richest seat after 2017.

　　However, it is worth noting that the Jiang Wei family, which frequently appears on the rich list, has pledged shares 6 times in half a year, accumulating nearly 700 million pledged shares, almost half of the company has been pledged. In addition, Jiang Wei has also transferred the company's shares with shares to pay debts for many times.

　　From borrowing 7.5 million yuan to being worth more than 10 billion yuan

　　As the chairman of Guizhou Bailing, the "first share of Miao Medicine", Jiang Wei's ancestors were originally from Qixia, Shandong. In 1978, at the age of 17, Jiang Wei was admitted to Guiyang College of Traditional Chinese Medicine (now Guizhou University of Traditional Chinese Medicine) majoring in pharmacy.

　　In 1982, Jiang Wei graduated from university. After working in the Yunma Factory Staff Hospital for 6 years, Jiang Wei decided to quit his job as a pharmacist, smash the "iron rice bowl", and leave his job without pay.

　　At the beginning, Jiang Wei set up a medicinal materials business department to sell the products of some pharmaceutical companies. Later, Jiang Wei realized, "Selling other people's drugs is better than producing medicines yourself." Therefore, Jiang Wei took his core members and contracted the tablet workshop of the state-owned Anshun Pharmaceutical Factory to produce familiar cold medicines.

　　Due to poor management, Anshun Pharmaceutical Factory has lost money for 5 consecutive years, owed 180,000 yuan in taxes, and is heavily indebted and on the verge of bankruptcy.

　　At this time, Jiang Wei showed his business acumen. In 1996, Jiang Wei paid 7.5 million yuan in cash and borrowed 7.5 million yuan in debt for a total price of 15 million yuan, and bought out the property rights of the state-owned pharmaceutical factory Anshun Pharmaceutical Factory as a whole, and served as chairman and general manager.

　　In 2003, Anshun Pharmaceutical Factory was renamed Guizhou Bailing Pharmaceutical Co., Ltd. In 2007, Jiang Wei established Guizhou Bailing Enterprise Group Pharmaceutical Co., Ltd. (guizhou bailing in the text) and served as the chairman of Guizhou Bailing. According to public information, Guizhou Bailing is a pharmaceutical company integrating the research and development, production and sales of miao medicines. In 2010, Guizhou Bailing was successfully listed on the A-share market.

　　After the listing, Guizhou Bailing's operating income and net profit have maintained a growth momentum for many years, and the Jiang Wei family has thus become the richest man in Guizhou with a value of 16.5 billion yuan in 2017. In the following two years, Jiang Wei once lost the throne of the richest man in Guizhou due to the shrinking of assets.

　　Since the beginning of 2019, the net profit growth rate of Guizhou Bailing has slowed down significantly.

　　According to the 2019 annual report, the operating income of Guizhou Bailing was 2.851 billion yuan, a year-on-year decrease of 9.13%, and the net profit attributable to the shareholders of the listed company was 291 million yuan, a year-on-year decrease of 48.27%. According to the 2020 semi-annual report, the operating income of Guizhou Bailing in the first half of the year was 1.280 billion yuan, down 5.42% year-on-year; the net profit attributable to the shareholders of the listed company was 109 million yuan, down 49.11% year-on-year.

　　However, in the recently released 2020 Hurun Rich List, the reporter of Zhongxin Jingwei found that the Jiang Wei family ranked 466th with a net worth of 12 billion yuan, and according to the place of residence, Jiang Wei once again became the richest man in Guizhou.

　　Pledged nearly 700 million shares six times in half a year

　　While frequently appearing on the Hurun rich list, Jiang Wei's frequent pledge of shares has also attracted the attention of the capital market.

　　At present, Jiang Wei and his co-actors hold a total of 773 million shares of the company, accounting for 54.75% of the company's share capital, which is about 6.694 billion yuan according to the closing price on October 21. However, Jiang Wei and his brother Jiang Yong completed 6 share pledges (3 in order to repay personal debts, 2 supplementary pledges, and 1 for non-financing guarantees) in about half a year, accumulatively pledged nearly 700 million shares.

　　On October 17, Guizhou Bailing issued the latest Announcement on the Pledge of Part of the Shares of Shareholders Holding More Than 5% of the Shares. The announcement said that jiang Yong pledged 11.41 million shares to Huachuang Securities Co., Ltd. (hereinafter referred to as Huachuang Securities) for this mortgage. After the pledge, Jiang Wei and Jiang Yong pledged a total of 684 million shares of their own, accounting for 88.54% of the number of shares in the company they held. At present, 48.48% of the equity of the listed company is in the state of pledge, which is equivalent to pledging half of the company, and the interest that Jiang Wei needs to repay is also increasing.

　　In addition, the announcement shows that the cumulative number of pledged shares due in the next six months is 671 million shares, accounting for 86.85% of the shares held by it, accounting for 47.55% of the company's total share capital, and the corresponding financing balance is 2.632 billion yuan.

　　For the purpose of this share pledge financing, the company said that it was to repay its liabilities for the stock pledge repurchase transaction and was not used to meet the needs of the listed company's production and operation. The share pledge has no impact on the production and operation of the listed company, corporate governance, etc.

　　Guizhou Bailing finally pointed out that at present, Jiang Wei's credit status is good, and the industrial operation of the non-listed companies he invests in and operates is in good condition, and he has the corresponding ability to repay funds, and the resulting pledge risk is within the controllable range. Jiang Wei also does not have the risk of closing the position or being forced to close the position.

　　Repeatedly transferred Guizhou Bailing with shares to pay debts

　　Although Guizhou Bailing claimed that Jiang Wei had the corresponding ability to repay funds, the reporter of Zhongxin Jingwei noted that when a number of stock pledge contracts were expected to be repurchased, Jiang Wei chose to transfer the shares held to the securities company instead of redeeming.

　　On the evening of October 20, Guizhou Bailing announced that since Jiang Wei's two share pledge repurchase financing contracts in China International Capital Corporation Limited (hereinafter referred to as CICC) had reached the expected repurchase, according to the regulations, Jiang Wei signed a "Share Transfer Agreement" with CICC and other relevant parties on September 17, and transferred 28.224 million unlimited sale and circulation shares of the company he held to CICC through the agreement, and the nature of the shares after the transfer was an unlimited sale condition A share, accounting for 2% of the company's total share capital.

　　After the completion of the share transfer procedures, Mr. Jiang Wei and his co-actors held a total of 52.75% of the company's equity, and were still the actual controllers of the company, and CICC became the top ten shareholders of the company.

　　In addition, according to the announcement, Jiang Wei also transferred the shares in his hand to securities companies such as CITIC Securities and Shenwan Hongyuan, and the transfer price has a certain discount to the current market price.

　　In addition, on September 24, Guizhou Bailing announced that Jiang Wei had entrusted the voting rights of 155 million shares held by him to Huachuang Securities and guaranteed that it was the sole trustee of the exclusive. This means that Huachuang Securities has obtained the voting rights of 22.43% of the shares corresponding to the 317 million ordinary shares of Guizhou Bailing, and Huachuang Securities also has the right to attend the shareholders' meeting of Guizhou Bailing and independently exercise voting rights related to voting rights, nomination and proposal rights, supervision and recommendation rights, and questioning rights.

　　On September 30, the regulator issued a letter of concern in this regard, asking Guizhou Bailing to explain whether there was a possible change of control of the company. On October 15, Guizhou Bailing announced that in view of the complexity of the matters involved in the issues in the Letter of Concern, the reply work needs to be further verified with the controlling shareholder and relevant parties, so the company's board of directors cannot reply to the full content within the specified time. In order to ensure that the content of the reply is true, accurate and complete, the company will postpone the reply to the "Letter of Concern" after the company applies to the Shenzhen Stock Exchange. As of press time, Guizhou Lark has not replied to the above letter of concern. (Zhongxin Jingwei APP)

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