This 10 billion private equity company has received successive fines, holding a huge loss in reorganization failure

category:Finance
 This 10 billion private equity company has received successive fines, holding a huge loss in reorganization failure


After the failure of restructuring, Sichuan Jindings share price fell all the way, from nearly 34 yuan at the highest to only about 6 yuan at present. At the beginning, the investment of plain capital costing 1.2 billion yuan lost more than 400 million yuan, and all the shares held in Sichuan Jinding have been frozen.

Once the rapid development of ten billion private simple capital, now has been in a difficult situation of capital turnover.

The chairman of the board of directors received a warning letter when naive capital was punished for several violations

Recently, 10 billion private placement of Shenzhen plain capital received two punishment decisions from Shenzhen Securities Regulatory Bureau.

It is found that in the process of private fund product raising and management, plain capital has committed to the lowest return to investors, failed to evaluate the risk identification ability and risk bearing ability of some investors, and failed to rate the risk of some private funds.

At the same time, Liang Fei, chairman of the board of directors, also received the warning letter issued by Shenzhen Securities Regulatory Bureau. As the legal representative, executive director and general manager of naive capital, Liang Fei is directly responsible for the violation of relevant regulations of naive capital. According to Article 33 of the measures for private placement, Shenzhen Securities Regulatory Bureau decided to take administrative supervision measures to issue a warning letter to Liang Fei.

According to the official website, Shenzhen Park capital was founded in July 2015, with its headquarters in Shenzhen and branches in Beijing, Shanghai and Hong Kong. Up to now, park capital has initiated the establishment of more than 30 private funds, with a fund management scale of more than 8 billion yuan and an asset management scale of nearly 10 billion yuan. It has successfully landed and operated a number of government industry guidance funds in Guizhou, Hubei Xiangyang, Guangzhou, Shenzhen, etc., holding core assets such as Sichuan Jinding (600678. SH), Fangde Insurance Agency (fund sales), Yunnan Dermatology Hospital, etc.

The filing information of the fund industry association shows that the registered capital of park capital is 200 million yuan, and the filing registration was completed on August 20, 2015. The institution type is private equity, venture capital fund, and the legal representative, chairman and general manager are Liang Fei.

According to tianyancha, Liang Fei holds a 95.5% stake in plain capital.

Liang Fei has rich experience. He once served as vice president of Sino US venture capital group and Shenzhen Fuyin Financial Holding Co., Ltd. and founded Shenzhen plain capital in 2015.

After the establishment of simple capital, it has developed rapidly, with a management scale of over 2 billion yuan in 10 months. However, behind the rapid development, the equity investment of simple capital is in constant trouble.

After acquiring the controlling right, plain capital is dissatisfied with Sichuan Jinding, which has been mainly engaged in cement industry and has been losing money continuously. After entering Sichuan Jinding, it has always regarded new energy as the simple capital of the key investment direction, and soon became interested in the research and development, production and sales of new energy lithium-ion batteries.

In April 2018, Sichuan Jinding announced the suspension of trading and planned to acquire Haiying technology, a lithium battery enterprise. However, the exchange then sent a series of inquiry letters, and eventually the reorganization ended in failure. After the failure of restructuring, Sichuan Jindings share price fell all the way, from nearly 34 yuan at the highest to only about 6 yuan at present. At the beginning, the investment of 1.2 billion yuan lost only over 400 million yuan.

It is worth noting that as early as after the transfer of shares, Piao Zhichun pledged the shares to Guotou Taikang trust and Yunnan International Trust respectively, and pledged the shares to Yunnan International Trust. The closing line is 8.25 yuan, and the pledge has long been out of position. In July 2019, Sichuan Jinding announced that the 20.5% shares held by the controlling shareholder Pu Su Zhi Chun were all frozen by justice.

It is not only the freezing of all the shares held in Jinding, Sichuan Province, but also a loan of 600 million yuan from plain capital, which was sued by Wuhu Huarong Yuxia investment center.

On June 5, 2020, Sichuan Jinding announced that it has received the civil judgment (2019) No. 603 of Beijing No. 2 Intermediate Peoples Court issued by the companys controlling shareholder, Shenzhen Pusu pure investment enterprise (limited partnership).

The court finally ruled that the defendant Shenzhen simple capital returned the loan principal of 600 million yuan and paid the interest of 12.75 million yuan to the plaintiff Wuhu Huarong Yuxia Investment Center (limited partnership) within 10 days from the effective date of this judgment, and also paid the liquidated damages (based on the principal of 600 million yuan, calculated according to the standard of 24% annual interest rate from March 8, 2019 to the date of actual payment).

In addition, the court also decided that plain capital should compensate the plaintiff Wuhu Huarong Yuxia investment for the loss of 650000 yuan of lawyers fee and 459500 yuan of property preservation liability insurance fee.

Source: responsible editor of Securities Times: Wang Wenhua_ NF5982