Guolian securities will resume trading on October 13, and most of the market voices believe that the stock price surge has become a foregone conclusion. It should be acknowledged that the merger of the first securities companies brings great enthusiasm and confidence to the market.
Since Guolian securities landed on the A-share market on July 31 this year, the management of Guolian securities from CITIC Securities has no longer covered up their ambition to build an aircraft carrier class securities company and open up the road of crazy acquisition. But will such rapid expansion of scale hide hidden dangers?
Take control of China Shipping fund below market price
On the evening of September 30, Guolian securities announced that the company planned to purchase shares of China Shipping Fund Management Co., Ltd., and authorized the companys management to handle matters related to the acquisition of equity. At present, the resolution has been approved by the board of directors.
It is reported that Guolian securities intends to acquire 25% equity of China Shipping fund held by Edmund de Rothschild Bank Co., Ltd. (hereinafter referred to as French Rothschild bank) at a price of RMB 115 million. Guolian Securities said frankly in the announcement that the acquisition was aimed at obtaining the controlling shareholder status of China Shipping fund.
It is worth noting that, according to the estimation of the total equity value of shareholders, the valuation of China Shipping fund is 467 million yuan. Based on this, the 25% equity should be 116.5 million yuan. This means that Guolian securities won Zhonghai fund at a price below the market price of 1.75 million yuan.
According to tianyancha app, China Shipping fund was established in 2004 with a registered capital of 147 million yuan. At present, the company has more than 20 funds represented by the high-quality growth fund of China shipping, the profit increasing fund of China Shipping dividends, and the China Sea Energy Strategy Fund. Previously, the company was selected as one of the most potential fund companies in 2006.
An analyst surnamed Liu of a medium-sized securities firm said in an interview with a reporter from China times that Guolian securities acquired China Shipping fund, or mainly because of the license of public funds. In addition, the long-term performance of China Shipping fund is not good, and getting control to rebuild the team is also a part of doing a good job in the performance of listed companies.
As of the end of 2019, there are 39 funds under China Shipping fund, with a management scale of 11.93 billion yuan and 13 fund managers.
Shareholders wait for the results of the first merger and acquisition of the securities industry
In the stock bar of Guolian securities, investors are anxiously waiting for the restructuring results of Guolian securities and Guojin securities. It should be noted that the two stocks mentioned above will be closed for 10 trading days from September 21 and will resume trading on October 13.
On the evening of September 20, Guolian securities announced that Guolian securities and Changsha Yongjin (Group) Co., Ltd. signed the agreement of intent on share transfer to transfer about 7.82% shares of Guojin securities held by Changsha Yongjin.
In addition, Guolian securities and Guojin securities are planning to issue a shares of Guolian securities to all shareholders of Guojin securities in exchange for shares to absorb and merge Guojin securities. The first merger and acquisition of the securities industry is coming, which ignites a shares. Now, more than 10 days have passed since the announcement was released, but no results have been produced. Some investors asked in Guolian securities bar: the reorganization result has not been issued, but the news of purchasing China Shipping fund has been released. Is the reorganization matter yellow? There was a merger of Guojin securities before, and then a purchase of China Shipping fund, which made the market feel a cold sweat for Guolian securities, which opened the road of crazy merger and acquisition. In the history of a shares, there have been successful mergers and acquisitions, successful cases of stock price skyrocketing several times, and countless cases of indigestion merger and acquisition failure. Can Guolian securities realize its ambition of building an aircraft carrier securities company? China Times reporter will continue to pay attention to. Editor: Yan Hui chief editor: Xia Shencha source: China Times responsible editor: Zhang Mei_ NF2100
In addition, Guolian securities and Guojin securities are planning to issue a shares of Guolian securities to all shareholders of Guojin securities in exchange for shares to absorb and merge Guojin securities.
The first merger and acquisition of the securities industry is coming, which ignites a shares. Now, more than 10 days have passed since the announcement was released, but no results have been produced. Some investors asked in Guolian securities bar: the reorganization result has not been issued, but the news of purchasing China Shipping fund has been released. Is the reorganization matter yellow?
There were acquisitions of Guojin securities before and then China Sea fund, which made the market hold a cold sweat for the securities of the Federation of China to open the crazy way of M & A. In the history of a shares, there are successful cases of successful merger and reorganization, several times of stock price rise, and numerous cases of indigestion M & A failures. Can the Zoomlion securities achieve the ambition of building aircraft carrier securities companies? The Chinese times will continue to pay attention to.