If the initial shareholder, director and executive reduction plan is realized, the total number of shares reduced shall not exceed 0.87% of the company's total share capital.
Feng Xin Group (300431.SZ) CEO Feng Xin and his team of executives are reducing their shareholdings.
On August 3, Stormwind Group announced that the three initial shareholders of the company intend to reduce their holdings of 0.78% of the company's total share capital by means of centralized bidding, that is, no more than 2,856,400 shares. The reduction plan will be Within six months after the fifteen trading days from the date of disclosure of the announcement.
The three initial shareholders are limited partnerships, namely: Tianjin Ruifeng Liyong Enterprise Management Partnership (hereinafter referred to as 'Ruifeng Liyong'), Tianjin Ronghui Jinjin Enterprise Management Partnership (hereinafter referred to as 'Fuhui Hui Jin'), Tianjin Zhongxiang Hongtai Enterprise Management Partnership (hereinafter referred to as 'Zhongxiang Hongtai').
The three companies are all the companies holding the shares of Storm Group. The company found that the largest shareholder of Ruifeng Liyong is Cui Tianlong, the director of Stormwind Group, with a shareholding ratio of 17.79%; the largest shareholder of Ronghui As the chairman of the Supervisory Board of Stormwind Group, the shareholding ratio is 16.39%; Li Yongqiang and other senior officials of Storm Group hold shares of Zhongxiang Hongtai.
According to the announcement, Ruifeng Liyong, Ronghui and Jinxiang Hongtai are acting in concert. Interface reporters found that the 2015 Storm Group prospectus showed that the company’s actual controller Feng Xin is the common partner of the three partnerships. Partner. The company found that Feng Xin is the sole executive partner of the three companies. According to the law, the executive partner must be a general partner, whose position is equivalent to the legal representative of the company.
In this plan to reduce shareholdings, Ruifeng Liyong, Ronghui is brocade, and Zhongxiang Hongtai intends to reduce the number of shares in the company's total share capital by 0.34%, 0.31%, 0.14%, totaling 0.78%. As of August 3 On the day, Ruifeng Liyong, Ronghui is brocade, and Zhongxiang Hongtai holds 2.25%, 2.06%, 0.92%, and the total shareholding ratio is 5.23%.
According to the company's announcement, the reason for the three companies' reduction is the shareholder's own capital demand. The shares are reduced from the shares issued before the initial public offering. The stock reduction will be determined according to the market price. As of March 31, Feng Xin It is still the company's largest shareholder, with a shareholding ratio of 21.18%, Ruifeng Liyong, Ronghui Lujin, Zhongxiang Hongtai are the company's second, third and fifth largest shareholders, respectively holding 2.24%, 2.05% , 0.91%, this reduction will not lead to changes in the company's control.
In addition, Storm Group issued a statement saying that the company's director Cui Tianlong, assistant president Li Yuanping, and deputy general manager Zhang Pengyu will reduce the number of shares of the company by no more than 285,100 shares within four months after the fifteen trading days from the date of the announcement. The company's total share capital ratio is 0.09%.
Cui Tianlong, Li Yuanping, and Zhang Pengyu held shares of 0.62%, 0.14%, and 0.08% respectively. The three specific pre-reduction shares were 0.03%, 0.04%, and 0.02%. As of the end of the first quarter of this year, Cui Tianlong was the company's seventh largest. Shareholders. The announcement stated that the stocks reduced by the three people are all derived from equity incentives and restricted stocks. The purpose of the reduction is to pay the individual income tax of the equity incentive plan.
If the current shareholder of the Storm Group, the reduction plan of directors and senior executives is realized, the total number of shares reduced will not exceed 0.87% of the company's total share capital.
In addition to the above reductions, Feng Xin’s troubles continue. On July 6, the company announced that CITIC Capital applied for property preservation to Beijing Chaoyang District People’s Court on the grounds of equity transfer contract disputes, and judicially controlled some shares of the company’s controlling Feng Xin. The number of frozen and frozen stocks was 3,271,300 shares, accounting for 4.65% of the total shares held by the company, accounting for 0.99% of the company's total share capital.
Stormwind Group is a well-known Internet video company in China, providing services to video users through storm video and audio. In recent years, Storm Group has started its business expansion. From VR, AR to AI, storms have corresponding layouts. On the hardware level, storms Also launched Internet TV.
Due to blind expansion, the company is experiencing cash flow dilemma. Many investors and investment institutions regard it as the next LeTV. On May 7 this year, the storm issued a notice of partial shareholding pledge of the controlling shareholder, Feng Xin pledge Stormwind's shares account for 95.35% of the total number of shares held by the company.
The interface news reporter found that Feng Xin, the controlling shareholder of the company, has been continually pledged since July 2015, and the pledge news released by the announcement has reached at least 30 times. That is to say, since the company was listed, Feng Xin almost average monthly. An equity pledge must be conducted. Some investors interpret it as a shortage of funds. Feng Xin relies on pledge of equity to alleviate the problem of tight funds.
As of August 6, the market value of Stormwind Group was about 3.463 billion, which is a thousand dollars compared with the company's peak of 40 billion yuan.