Kangsheng holding hands with the 40 million shares auction of Chengdu state owned assets actual controller

category:Finance
 Kangsheng holding hands with the 40 million shares auction of Chengdu state owned assets actual controller


Wish is good, but reality is cruel. The reporter of securities times u00b7 e company noticed that the life of Kangsheng was not easy. In 2018, Kangsheng suffered a huge loss of more than 1.2 billion yuan and sustained losses in the first three quarters of 2019.

However, Chen hankang, the actual controller of Kangsheng shares, may have no love war. He planned to transfer his controlling right as early as 2018, and then terminated due to a series of problems such as the risk of closing positions by pledge. On November 18, 2019, about 40 million shares of Chen hankang will be subject to judicial auction.

To build a self-developed new energy vehicle enterprise

According to tianyancha data, Chengdu Chengtou energy was founded on March 26, 2018, with a registered capital of 2 billion yuan. Chengdu Urban Construction Investment Management Group Co., Ltd. (Chengdu Urban Investment Group) holds 100% equity of Chengdu Urban Investment energy. Chengdu Urban Investment Group was approved by Chengdu municipal Party committee and municipal government to establish a wholly state-owned company in June 2004. By the end of 2018, the total assets of Chengdu Urban Investment Group have reached 103.2 billion yuan, the net assets have reached 23.5 billion yuan, the annual operating revenue has exceeded 8 billion yuan, and the total profit has exceeded 1 billion yuan.

According to the announcement, the cooperation between Kangsheng and Chengdu Chengtou Energy Co., Ltd. is intended to give full play to their respective advantages in comprehensive resources, establish strategic partnership, innovate and deepen investment and construction in new energy infrastructure; carry out all-round strategic cooperation in new energy vehicle promotion, new energy vehicle operation and other fields.

It is worth noting that Chengdu Urban Investment Energy Co., Ltd. will jointly build 25000 new energy commercial vehicle standardized plant projects with Zhongzhi Yike Chengdu Automobile Co., Ltd. (Zhongzhi Yike), a wholly-owned subsidiary of Kangsheng Co., Ltd.; and take the opportunity of cooperation in standardized plant construction projects to carry out comprehensive cooperation in new energy vehicle promotion business, equity investment and other aspects in the future.

The reporter of securities times u00b7 e company noticed that just at the beginning of this month, Kangsheng shares disclosed that Zhongzhi Yike had received 33.5681 million yuan of municipal subsidy funds for new energy vehicles in Chengdu. In August 2019, 20 hydrogen fuel cell buses produced by Zhongzhi Yike were officially delivered to Chengdu Longquan Bus Operation Co., Ltd.

In recent years, Kangshengs main business is the R & D, production and sales of household appliances refrigeration parts and new energy vehicles.

The reporter of securities times u00b7 e company noted that the operating performance of Kangsheng company has been in continuous loss in recent two years. In 2018, the operating revenue of Kangsheng Co., Ltd. was 2.918 billion yuan, a year-on-year decrease of 40.99%; the loss was 1.227 billion yuan; after deducting non profits, the loss reached 1.341 billion yuan. In addition, the net cash flow from operating activities of Kangsheng stock is - 411 million yuan, which has been negative for three consecutive years.

In 2019, Kangshengs operating performance has not improved. From January to September of this year, Kangsheng shares achieved an operating revenue of 1.511 billion yuan, down 36.7% year-on-year; after the loss of 156 million yuan and deduction of non profits, the company still lost 159 million yuan.

Some shares held by the actual controller will be auctioned

Its also hard for the controlling shareholders of Kangsheng.

On June 25, 2018, Kangsheng company announced that Chen hankang, the actual controller of the company, Zhejiang Runcheng Holding Group Co., Ltd. (Zhejiang Runcheng) and Chongqing tuoyang Investment Co., Ltd., a shareholder holding more than 5% of shares, and a state-owned enterprise are planning the equity transfer, which will lead to the change of the actual controller of the listed company to a state-owned enterprise.

After more than one years waiting, Kangsheng announced in the evening of July 19 this year that, in view of the continuous decline of Kangshengs share price during the planning of equity transfer, there may be a series of problems such as the risk of closing positions by pledge between the actual controller and the person acting in concert, and the communication plan for equity transfer has not been substantially improved up to now due to the continuous change of the companys share price and the companys business situation Exhibition.

On the evening of June 28, 2019, the announcement of Kangsheng shares revealed that Chen hankang and his concerted agent Zhejiang Rungeng Zhongrong International Trust Co., Ltd. and Nanjing Jinlong oasis Automobile Technology Co., Ltd. were listed in the list of dishonest executors by the second intermediate peoples Court of Beijing, and Chen hankang was issued the consumption restriction order.

At the same time, Kangsheng has received the notice from Chen hankang and his co operators Zhejiang Runcheng and Chongqing tuoyang Investment Co., Ltd. that Chen hankang and his co operators shares have been frozen by the judiciary due to debt issues. Upon the confirmation of all parties, it is difficult to continue to promote the equity transfer, and it is decided to terminate the above equity transfer. On October 22, Kangsheng shares disclosed again, and some of the shares held by the actual controller will be prompted by judicial auction. The 44 million shares of Kangsheng held by Zhejiang Runcheng will be auctioned for the first time on the judicial auction network platform from November 18, 2019 to November 19, 2019 (except for the delay), starting at 129 million yuan. It should be noted that Chen hankang and Zhejiang run have become concerted actors. Chen hankang holds 316 million shares of Kangsheng, accounting for 27.83% of the companys total share capital, both directly and indirectly. After such an auction, Chen hankangs total holding of Kangsheng shares will be reduced to 272 million shares, with the shareholding ratio reduced to 23.96%. Source: responsible editor of Securities Times: Yang bin_nf4368

At the same time, Kangsheng has received the notice from Chen hankang and his co operators Zhejiang Runcheng and Chongqing tuoyang Investment Co., Ltd. that Chen hankang and his co operators shares have been frozen by the judiciary due to debt issues. Upon the confirmation of all parties, it is difficult to continue to promote the equity transfer, and it is decided to terminate the above equity transfer.

On October 22, Kangsheng shares disclosed again, and some of the shares held by the actual controller will be prompted by judicial auction. The 44 million shares of Kangsheng held by Zhejiang Runcheng will be auctioned for the first time on the judicial auction network platform from November 18, 2019 to November 19, 2019 (except for the delay), starting at 129 million yuan.

It should be noted that Chen hankang and Zhejiang run have become concerted actors. Chen hankang holds 316 million shares of Kangsheng, accounting for 27.83% of the companys total share capital, both directly and indirectly. After such an auction, Chen hankangs total holding of Kangsheng shares will be reduced to 272 million shares, with the shareholding ratio reduced to 23.96%.