"Financial" reporter Zhang Jianfeng / Wen Wangdong / editor
Listed companies set up industrial investment funds is nothing new, but the risk can not be ignored, if the slightest mistake, may face huge risks not only include the risk of investment projects themselves, and the Fund Executive Partner 'Lost touch' risk, and now National Technology (300077.SZ) is the result of a risk event.
On Nov. 28, the National Technology stock price suddenly rose to a daily limit of HK $ 15.66 without obvious positive results. Subsequently, a company's "Lost Alliance" announcement sent investors sentiment back from happiness to 'worry.'
On the evening of the same day, the notice of national technology loses contact with the relevant personnel of Qianhai Flag Long, which is responsible for the company's RMB 500 million investment fund, and the relevant personnel of Beijing Qilong, and National Technology reported the case to the public security organ on the next day and opened the morning of November 29, 2017 City suspended from suspension, suspension of time no more than 5 trading days.
National Technology Securities Department, "Caijing" reporter pointed out that filing for the public security organs have accepted, whether the case is unclear, the company management is currently meeting to discuss the handling of this matter, the follow-up will be timely announcement.
Caijing reporter found that since 2016, the legal representative of Beijing Qilong has changed, while Qianhai Qi Long investors have changed four times.
Suddenly lost contact
The business between National Technology and Shenzhen Qianhai Qi Long Fund Management Co., Ltd. (hereinafter referred to as 'Qianhai Qianlong') began in 2014 and the cooperation between both parties further deepened.
In November 2014, National Technology used its own self-owned capital of 200 million yuan to buy a steady share of the former Haiqi Long fund products until the end of the fund's life in November 2016 to recover the investment and achieve the expected return.
In order to promote strategic acquisitions and business breakthroughs of the Company, Beijing Qilong Pharmaceutical Holding Co., Ltd. (hereinafter referred to as "Beijing Qilong"), a subsidiary of Qianhai Flag Long that focuses on industrial investment, ) And set up an industrial investment fund in cooperation with Shenzhen Qianhai Guomin Investment Management Co., Ltd. (hereinafter referred to as "National Investment"), a wholly-owned subsidiary of National Technology.
On November 9, 2015, for the first time, National Investment invested RMB300 million into the establishment of Shenzhen Guotai Qi Xing Industrial Investment Fund Management Center (Limited Partnership) (hereinafter referred to as 'Shenzhen Guotai') and Beijing Qi Long as general partner and executive partner people.
March 2, 2016, National Technology Bulletin said that the national investment in Shenzhen Cathay Pacific increased investment 200 million yuan.
Data show that Shenzhen Cathay Pacific intends to raise funds totaling 2 billion yuan .As of February 29, 2016, Shenzhen Cathay Pacific partners for the Beijing Qi Long, National Investment, both subscribed to contributions were 500,000 yuan, has subscribed 300 million yuan After the increase of investment, the investment made by Guomin Investment in Shenzhen Cathay Pacific increased to 500 million yuan.
National Technology The above announcement said that Beijing Qilong has stored more high-quality projects, and hatched, rebuilt and integrated these projects and opened up the industrial chain.The company has been with some listed companies or listed companies under the investment company Signed an agreement to set up industry mergers and acquisitions fund, began the industry mergers and acquisitions.
It is noteworthy that the dividend distribution of Shenzhen Cathay Pacific is very important for National Technology and that in December 2016, National Investment received a dividend of RMB 50 million from Shenzhen Cathay Pacific and will be included in the 2016 investment income in accordance with the relevant accounting standards.
In 2016, the turnover of national technology reached 706 million yuan, up by 25.96% over the same period of last year. The net profit attributable to shareholders of the listed company was 101 million yuan, up by 17.67% over the same period of the previous year. The non-net profit after deduction was 76.9721 million yuan, up 69.49% over the same period.
Based on this calculation, the share of dividends received by CITIC Shenzhen in 2016 from Cathay Pacific accounted for 49.5% of the net profit attributable to shareholders of listed companies of National Technology at the current period.
In addition, Qian Qi Long, the parent of Beijing Qilong, provided guarantee for Sinotrust's additional capital principal of 200 million yuan in Shenzhen Cathay Pacific and promised to guarantee a 5% annual return of capital contributed by National Capital. However, as of November 2017 On the 29th, the company has not disclosed the above content.
Just after the National Technology Announcement, "Failed Alliance," the information was released on November 30, Qian Haiqi Long appeared in the list of associations released by the Fund Industry Association.
Investment funds that have national technology participation are not limited to the above one.
In August of this year, National Investment and Chengdu Municipal People's Government signed a "compound semiconductor eco-industrial park project investment agreement", the organization of relevant industrial investment funds and industrial investors in Tianfu Park Industrial Park investment and construction of compound semiconductor eco-industrial park project.
In order to promote the compound semiconductor eco-industrial park project construction, the company intends to use its own funds to invest 350 million yuan of its own funds and become the 'West Securities Co., Ltd. - National Technology Industry Investment Fund' (referred to as 'National Industry Fund') Fund manager, and Tongli can jointly set up the Chengdu National Tiancheng Semiconductor Industry Development Co., Ltd. (hereinafter referred to as 'joint venture'), the joint venture intends to register capital of 1 billion yuan, of which the National Investment, National Industry Fund, Tom Lee The total investment was 350 million yuan, 630 million yuan, 0.2 billion yuan.
A person from the Ministry of Science and Technology Securities told Caijing that at the night of November 28, the company found that it was unable to contact Qijian Qianhai Flag and Beijing Qilong Flag. Apart from the aforesaid incident, the company is currently operating normally. Performance impact, the company management is in a meeting to discuss the recent progress of the company will make a timely announcement.
Frequent changes
Caijing reporter found that Beijing Qilong has legal representative and other relevant information changed this year, while Qianhai Qi Long investor since 2016, there have been four changes.
According to the information released by National Technology in March 2016, the legal representative of Beijing Qilong is Huang Chao. According to the business statistics, its legal representative has now been changed to Zhang Junqi. The 2016 annual report of Beijing Qilong released on May 9, 2017 shows , The company's corporate telephone number and e-mail address have all changed in comparison with the 2015 annual report, and reporters did not answer the call in 2016 on the 1st of December.
For Zhang Junqi whether the company employees, National Technology, the technical staff of the "Financial" reporter said, need to check before they can be announced.
Beijing Qilong shareholders changed on January 15, 2016. Prior to that, Haikou Tiandi Chunpeng Investment Consulting Co., Ltd. (hereinafter referred to as 'Tiandi Chunpeng'), which held 69% and 31% of the shares respectively, Shenzhen Shanhai Yingze Investment Co., Ltd. Consulting firm (Limited Partnership) ("Shanhai Yingze"), the shareholding ratio changed to 0% while the percentage of Qianhai Flag Long Holding which previously held 0% of its shareholding was changed to 100%.
Business information, world Chun Peng registered capital of 600,000, the legal representative is Liu Ying, the current shareholder is Liu Xia Yu. Shanhai Ying Ze executive partner for the Liu Xiayu, partners for Liu Xia Yu, Wang actually.
Reporters call the two companies phone, heaven and earth Junpeng phone call shutdown, Shanhai Yingze phone call turn on after about 3 seconds into a call.
(Source: According to the published information by Caijing Press.)
Junpeng is the world's current flag-long shareholders.
Commercial information, the Qianhai flag Long established on April 1, 2014, the current legal representative is Xu Xin Manni, the registered capital of 1.2 billion yuan, the shareholders are Xu Xin Man Ni, the world Chun Peng, executive director and general manager of Xu Xin Manni, supervisors For Liu Ying.
Caijing reporter found that there have been many changes to the Qianhai flag executives and investors since 2016. On August 26, 2016, the investors of the Company changed, including the amount of capital contribution, the mode of investment, the date of contribution, the name of the investor, etc. ; On November 28 that year, the record of the management personnel (directors, supervisors, managers, etc.) was changed and the responsible persons also changed, including the change of the legal representative, responsible person, chief representative and partner of the partnership. On the 17th, August 22nd, and October 27th, the investors of the company changed three times, and for the specific information before and after the change, the system of the state enterprise credit information company was not shown.
Business information shows that on June 16, 2017, Qianhai Flag Long 2016 Annual Report, the shareholders are Jia Han, Ye Hao, Zhou Xiujie, Feng Xu Na, Wu Jun, Zhou Xiujie, the Yellow River, Dai Xuefeng.
On August 26, 2016, the shareholding ratio of Qianhai Flag Qianlong was changed from 98.5833% to 99.2916% on the date of share equity change on August 26, 2016. From the information of Junpeng and Qianhai Qi Long shareholders above, On behalf of Xuefeng in the ownership relationship with the flag flag has no relationship, when to lift the relationship is still unable to judge.
(Source: According to the published information by Caijing Press.)
Private pat network shows that Qianhai flag dragon founder and chairman of the generation of Xuefeng, graduated from Huaxi Medical University, with more than 20 years of domestic and international securities investment, fund management experience, with medical professionals in the field of medical battles over the years a few non-failed , So in the industry enjoy the 'medical Buffett' reputation.
Reporters call the Qianhai flag Long 2016 annual report left cell phone number, in the off state.
The above events aroused the concern of the Shenzhen Stock Exchange, Shenzhen Stock Exchange requires disclosure of national technology and national investment, post-investment management system for foreign investment, risk prevention mechanism and implementation, due diligence procedures during major investment decisions, audit decision-making mechanism , And Shenzhen Cathay Pacific-related funds to be invested in overseas medical projects, such as the specific circumstances and other information.
Pang Shiyao, director of Tianjin Dexi Law Firm, told Caijing that listed companies and industrial establishments should set up industrial investment funds. Generally speaking, they adopt the dual GP model of institutions and listed companies. Listed companies should make decisions on finance, project selection and investment decision-making If the establishment, operation and decision-making of industrial investment funds are conducted in accordance with the existing laws and regulations, for example, if the funds are escrowed by a third party and filed with the fund industry association, the fund-raising will still be conducted even though the fund's implementing partner is out of touch In a three-party account, the implementing partner can not easily misappropriate the funds or have security, and if the funds are not kept under strict procedures and the funds are not kept in a third-party account, they may face the risk that the funds can not be recovered. If such risks occur , Then the listed company over-trust institutions, or GP listed company dereliction of duty.
The aforementioned Ministry of National Technology Securities person pointed out to Caijing reporter whether the above fund will be announced to investors after the record of the fund in the company is verified by the company.