All along, Guangdong Austrian Refrigerator Co., Ltd. Omar Electrical appliances, the main business income contribution of more than 90%.
However, such a ' cash cow ' in the eyes of the Austrian electric appliance has fallen to the point of ' not to be seen '.
June 29 This year, Omar Electric and Wang Jiyun, such as five natural persons signed the "on the Guangdong Austrian Refrigerator Co., Ltd. 's share transfer agreement", and then signed a related supplementary agreement, Austrian electric appliance to 1 billion yuan to transfer the price of the Austrian-horse refrigerator 40% equity. However, the transfer of shares in the recent twists and turns.
On August 6, Omar Electric held in 2018, the third provisional shareholder meeting, the sale of the Austrian refrigerator 40% stake in the bill was vetoed. Earlier, the Austrian electric appliance said that the sale of Austrian refrigerator shares conducive to optimize the company's asset structure, improve asset liquidity, can increase resources to invest in a broader prospect of financial science and technology related businesses. What will be the impact on the company when the relevant motion is negatived? "Securities daily" reporter to this issue to interview Omar Electric Appliances, but the company Dong Ho Shijong Phone has always been unanswered, for reporters sent to the interview outline, the company's securities representative Zhou Jianghai said, ' How the total outside business, there is no time to reply.
'
40% stake in the proposed sale of the Austrian-horse fridge An announcement from the Austrian electric appliance show that June 29, the company and Wang Jiyun, You Youjun, Liu Zhancheng, Yu-wei Leopard and Wu Shiqing signed "on the Guangdong Austrian Refrigerator Co., Ltd. of the transfer of equity agreement"; July 20, the company and Wang Jiyun, You Youjun, Liu Zhancheng, Yu Wei Leopard, Wu Shiqing, letter of credit investment, joint investment and gregarious investment signed The supplementary agreement on the equity transfer of the Austrian-Malay refrigerator. The company intends to sell the Austrian-horse refrigerator 40% stake in cash, the transfer price of 1 billion yuan.
Liu Zhancheng and Yu-wei Leopard respectively for the joint venture investment and gregarious investment of the executive partner; at the same time, the two people have served as the Austrian Electric Director and deputy general Manager, deputy general manager of the position, the transaction constitutes a related transaction. In fact, the Austrian electric sale of the refrigerator equity is a relatively sudden. In the 2017 annual report, Austrian electric appliance in the refrigerator industry strategic development plan also said to ' optimize product structure, and strive to enhance the market share of high-end products.
' As one of the main sources of Austrian electrical revenue, the Austrian horse refrigerator is not the work. Relevant data show that 2012-2014, the Austrian refrigerator to achieve operating income of 3.455 billion yuan, 4.257 billion yuan and 4.461 billion yuan. 2015, in the face of weak industry demand, an increasingly competitive environment, Austrian electric began to expand the Internet financial sector, established the financial technology and refrigerator business operation of two main businesses. However, the Austrian refrigerator for the company's revenue contribution accounted for the larger.
2015-2017, the Austrian refrigerator to achieve operating income of 4.699 billion yuan, 4.72 billion yuan 6.229 billion yuan, accounting for the proportion of operating income is 99.92%, 93.63% and 89.44% respectively. For the sale of the Austrian horse refrigerator 40% stake, Austrian electric appliances said that the refrigerator industry is fully competitive industry, in recent years, the industry by the rise in raw material prices, changes in international trade environment and other factors, the industry increasingly fierce competition in the refrigerator enterprise brand, research and development, manufacturing, marketing, attention and other capabilities have put forward new requirements. This transaction, to optimize the company's asset structure, improve the liquidity of the company's assets, but also conducive to the future of the company's strategic development needs, increase resources to invest in a broader prospect of financial science and technology-related business, enhance the profitability of the company's assets.
At the same time, because the transaction of the assignee is the Austrian refrigerator management personnel to invest in the establishment of enterprises, this is also conducive to the optimization of the Austrian-horse refrigerator ownership structure, in line with the long-term development of refrigerator business needs. Austrian electric appliance to sell the refrigerator shares, has also been highly concerned by the regulatory authorities.
July 19, the Shenzhen Stock Company management department issued a letter of enquiry on the matter, asked the Austrian electric appliance to answer 6 questions.
Large shareholder ' holding group ' voted against The turning point of the event took place on August 6, when the Austrian electric appliance held its third general meeting in 2018, the motion on the sale of 40% shares in the Austrian-horse fridge.
From the company's disclosure of the General Assembly resolution notice, the day there are three motions were vetoed, respectively, "on the sale of the Austrian-horse refrigerator 40% stake in the bill," on the Austrian electric and Wang Jiyun and other people signed the bill, "on the signing of a conditional entry into force of the bill." The shareholders meeting through the site and the network vote of 16 shareholders, representing shares of 363 million shares, accounting for 33.5% of the total shares of listed companies. The three motions agreed to 46.2748 million shares, representing 12.74% per cent of the shares held by all the shareholders present at the conference, and 317 million shares of 87.26% per cent of the shares held by all the shareholders present at the conference. It is worth mentioning that, from the general vote of small and medium shareholders, the number of agreed shares accounted for 99.99% of the shares held by minority shareholders present at the meeting.
It also means that the majority of shareholders who vote against it are mainly holders of larger holdings. According to the top ten shareholders of the 2017 annual report disclosed by Austrian electric appliance, except the actual control person Richard Carey, other shareholder's shareholding quantity is lower than 100 million shares.
As the negative vote reached 317 million shares, it can be judged that several major shareholders ' holding group ' voted against. Shenzhen, a private sector household appliance industry researcher to the "Securities daily" reporter said, ' from the evaluation of the Omar Refrigerator audit and evaluation, the Austrian horse refrigerator 100% equity valuation of 2.503 billion yuan, considering the Austrian refrigerator 2017 net profit of 193 million yuan, the valuation is 12.9 times times PE. And the dynamic valuation of the listed company Austrian electric appliance is 30.4 times times pe. Obviously, the price is not very fair, there is interest in the transmission of suspicion, this may be the motion is one of the important reasons.
'