In December 2016, Silver Dragon invested RMB3 billion in celebrity entrepreneurs such as Dong Mingzhu, Wang Jianlin and Liu Qiangdong with a valuation of 13.4 billion, of which Dong Mingzhu invested one billion in his own capacity and held 7.46% of the shares.
Since July 2017, the team of Yinlong executives has been greatly adjusted, the founder Wei Yincang resigned as the chairman of the board and the vice president of core business was taken over by the former Greenery background staff, however, the management change has not won the approval of all the stakeholders.
There are 7 vice presidents in Yinlong, including 4 vice presidents, who are responsible for the core business of purchasing, finance, quality and production technology respectively.
In the first quarter of 2017, Dong Mingzhu twice holdings of Silver Dragon shares, becoming its second largest shareholder.
'Yes, I am in the treatment of rest, thank you for your concern!' January 14, when the 'Caijing' reporter asked Wei Yincang he is no longer the chairman of Zhuhai Silver Dragon, the founder of Silong said as above.
In December 2009, Zhuhai Silversel New Energy Co., Ltd., a subsidiary of the Company, mainly engaged in electric bus buses and lithium titanate batteries. In December 2016, the company invested RMB 3.0 billion in star entrepreneurs such as Dong Mingzhu, Wang Jianlin and Liu Qiangdong at a valuation of 13.4 billion in December 2016 Among them, Dong Mingzhu invested 1 billion in his personal capacity, 'All in' Yinlong.
Caijing reporter learned that Yinlong's top management team has undergone major adjustments since July 2017, with Wei Yinang, the founder of the company, resigning as the chairman of the board and the vice president of core business is taken over by former Greenery staff.
Zhuhai Silong changes in business information records show that on November 29, 2017, the company's legal representative changed from Wei Yincang to Sun Guohua December 1, 2017, the chairman of the Wei Yincang changed to Sun Guohua. According to "Caijing" reporter that the above changes Wei Yincang resigned as the chairman of Zhuhai Yinlong through the convening of the Bank's shareholders' meeting and the board of directors in November 2017. Currently, Guohua Guo is the chairman and president of the Company and Wei Yincang as the director of the company. Several insiders told Caijing that " Has not directly involved in company management.
According to public information and "Caijing" reporter understands, Sun Guohua since 2001 to follow Wei Yincang, Zhuhai Silver Dragon is the controlling shareholder of Zhuhai Silver Investment Holdings Group II, and served as president of Zhuhai Silver Long.
Caijing reporter learned from many insiders that in July 2017, Yinlong Company has extensively adjusted its organizational structure and employees of Gree Group became the vice presidents in charge of various core business divisions, some of which were listed in 2016 by Gree to acquire Yinlong After moving in, some are in 2017 from the Gree resignation later Yinlong served as senior management.
At present, there are 7 vice president of Silver Dragon, of which 4 vice president of Gree experience, respectively, responsible for procurement, finance, quality, production technology and other core business.They are vice president in charge of production and technology Lai Xinhua, Gree previously served as general manager of Zhengzhou ; Dai Yong, vice president in charge of purchasing business, previously served as vice president of Gree supplies procurement center; Li Zhi, vice president of finance, previously served as assistant to the Finance Department of Gree; Bai Xiaoping, vice president of quality control, Subordinate department director.
The other three vice presidents are the former Yinlong executives, namely, Liu Xing, vice president of the enterprise management center, Zhang Jicheng, vice president of sales, and Ao Jianhua, the vice president of marketing.
Yin Long many people inside and outside of the "Caijing" reporter said that this series of changes in management and Dong Mingzhu investment Yinlong related business information shows that the current 100% stake in Yinyin Zhuhai Silver Dragon Investment Holdings is still Yinlong New energy company's largest shareholder of shares, holding ratio of 25.9895%, Dong Mingzhu silver is the second largest shareholder, holding ratio of 17.4627%.
In December 2016, after the Gree shareholders' meeting rejected the acquisition of Silver Dragon, Dong Mingzhu announced that it would hold 7.46% of the shares of Silver Dragon, a company that owns a net worth of one billion yuan. At that time, Dong Mingzhu's main asset was its holdings of Gree Electric Appliances (000651.SZ) of the total share capital of 0.74% of the shares, the value of 1.122 billion yuan.As of the October 31, 2017 third quarterly release, Dong Mingzhu Gree shares held unchanged, but according to today's closing price, these shares have appreciated to 2.257 billion yuan.
In the first quarter of 2017, Dong Mingzhu twice holdings of Silver Dragon shares, becoming its second largest shareholder.
Silver Long shareholders told Caijing reporter Wei Yincang founded Yinlong and realized a 0 to 1, and from 1 to 100, Dong Mingzhu will play a greater role in his view, from the management of the company From the perspective of the next step, there is a great possibility that the shareholding structure will continue to change. This mainly depends on how Dong Mingzhu and Wei Yincang should coordinate with each other and there should be no major changes among the other shareholders. In particular, we should wait for further results.
In addition, in March of this year, Silversmith completed the change of business registration and changed from a limited liability company to a joint stock limited company.In May this year, Guangdong Securities Regulatory Bureau public information showed that Zhuhai Silverson Co., Ltd. conducted counseling and filing registration in Guangdong Securities Regulatory Bureau to open the listing preparation. However, "Caijing" reporter learned from many insiders that at present, the pace of listing of Silver Dragon has slowed down. Although the listing counseling, but did not start listing, especially after Dong Mingzhu investment, the market is not the most urgent agenda.
In response, silver long investors on the "Financial" reporter said long-term investment in Silong, and the shareholders also understand that if you now quit silon, no matter what price to exit, go invest in other subject, it is difficult to enter , So will continue to wait, I believe Dong Mingzhu will do better.
However, changes in the executive team, the parties feel not exactly the same.
The aforementioned Silong shareholders told Caijing that the company is now developing rapidly and the original management was rather extensive. After Dong Mingzhu became a shareholder, it began to standardize corporate governance. Overall, Silverstone's management mode is in line with modern enterprise management in line with He stressed: 'Gree can go to today and management must have good aspects. It is inevitable for Dong Mingzhu to improve the management of Yinlong after coming in.'
Some silver executives also told Caijing that in the second half of 2017, the management team at the top and middle levels made substantial adjustments. The management of all aspects of the company has been greatly improved and the product quality has also been significantly improved.
However, management changes have not won the approval of all stakeholders.
According to "Finance" had previously reported that there are a number of suppliers responded to being defaulted by the payment of silver, some of which Yinlong suppliers will spearhead the new management team.A supplier to the "Finance" reporter said that now exposed silver Of the production, technology, procurement staff are mostly air-conditioning industry background, it is difficult to understand the characteristics of the electric car industry in a short time.In fact, the work is copied to the air-conditioning industry, management of suppliers approach requires suppliers to sign the quality assurance agreement, However, air-conditioning manufacturing has the consistency requirements, while the passenger car industry has different customer needs, air-conditioning quality inspection standards require the bus supplier is not appropriate.