From 10:00 a.m. on October 28 to 10:00 a.m. on October 29, the Beijing No. 1 Intermediate People's Court will publicly auction 2,200,000 shares of Lacala Payment Co., Ltd.'s pre-IPO restricted shares (abbreviation: Lakala; stock code: 300773) at alibaba auction.
The starting price of these stocks is 47.93 million yuan, and the participation in the auction requires a deposit of 2.4 million yuan, and the increase in price is 30,000 yuan.
The executor of this auction is named Chen Jiangtao, who is the actual controller of The Rotary Pole Information. As he held pre-IPO restricted shares, according to the requirements of the CSRC, a non-trading transfer occurred, and he needed to continue to comply with the original restriction commitment.
In the "2017 Hurun IT Entrepreneur List", Chen Jiangtao is on the list, and he ranks 32nd on the list with a net worth of 7.4 billion yuan.
At that time, Chen Jiangtao was able to have such a huge net worth, mainly due to the fact that the stock price of the rotary pole information he controlled was at a stage high.
The investment in Lakala is Chen Jiangtao's investment masterpiece. According to the Lacala prospectus, Chen Jiangtao increased the capital of Lakala's predecessor Lakala in August 2014 at a price of 11.50 yuan per share. In 2015, Lakala Limited was changed to a joint-stock company as a whole, and Chen Jiangtao contributed 18.036 million yuan in the form of "net assets and shares", accounting for 5.01% of the company's registered capital.
After the listing of Lacala, Chen Jiangtao's investment has obtained a rich floating profit. Based on the issue price of Lacala's 33.28 yuan / share, Chen Jiangtao's stock market value reached 600 million yuan. In late February last year, La Cala's stock price briefly exceeded 100 yuan (no reinstatement), and Chen Jiangtao's stock market value exceeded 1.8 billion yuan. In June of the same year, Lacala implemented the dividend plan of "10 to 10 shares and 20 yuan (including tax)", and Chen Jiangtao's shareholding increased to 36.072 million shares, and received more than 30 million yuan in cash dividends.
As the first share paid by the third party of A shares, Lakala's performance has always attracted attention from the industry.
According to the financial report, Lakala achieved operating income of 5.557 billion yuan in 2020, an increase of 13% year-on-year; net profit attributable to shareholders of listed companies was 935 million yuan, an increase of 16% year-on-year.
In 2020, the annual revenue of La Cala's payment business reached 4.665 billion yuan, an increase of 7% year-on-year, and the payment transaction scale reached 4.34 trillion yuan, an increase of 34% year-on-year, of which the scanning code transaction scale was 792.7 billion yuan, an increase of 23% year-on-year.
By 2019, as the stock price of Rotary Pole Information fell, Chen Jiangtao's net worth also seriously shrunk. Even the listing of la Cala, which is heavily positioned, has not saved Chen Jiangtao's shrinking wealth.
By the second half of 2019, Chen Jiangtao's debt crisis quietly broke out. Its shareholdings in Rotary Pole Information have been completely frozen, and many of its shares have been put on the auction table for a time. Now, the fire of Chen Jiangtao's debt has burned on his other stock assets.
On May 6 this year, the Intermediate People's Court of Taizhou City, Jiangsu Province, once auctioned 5 million shares of Lakala Payment Co., Ltd. held by Chen Jiangtao.
At that time, the stocks were negotiated for 160 million yuan, with a starting price of 112 million yuan, and after 8 auctions, they were sold for 115.5 million yuan, equivalent to 23.1 yuan per share.
As of October 22, the closing price of La Cala shares was 24.95 yuan per share.
The auction is calculated according to the starting price, about 21.78 yuan / share, there is still a certain amount of bidding space. There are only three days left before filming, and no one has signed up yet. Do you think the auction will go smoothly?