Busen Holding Power "Seesaw War" Painting Period, Zhao Chunxia And Other Directors To Step Down.

Without the confusion of the first provisional shareholders' meeting in 2019, *ST Busen held in September 27th. 002569.SZ In 2019, the second provisional shareholders' meeting deliberated on several motions before the announcement in a harmonious atmosphere.

According to the result of the vote, Wang Chunjiang, Du Xin, Zhao Yuhua, Wu Yanbo, Wang Xiaokang and Cao Xuefeng were elected the fifth board directors of the company. The announcement indicates that the directors elected by Dong Heng Zheng are more than half of the board members. The controlling shareholder of the company was changed to Dong Heng Zheng, and the actual controller changed to Wang Chunjiang.

At this point, *ST Busen control struggle for "seesaw warfare" finally ended. In September 9th, the first largest shareholder of the company, Zhao Chunxia, the second largest shareholder of Shanghai, was issued a reconciliation announcement.

Since then, Zhao Chunxia, Bai Liang, Han Jia and others have resigned from the board of directors and board of supervisors. According to the results of the second extraordinary shareholders' meeting in 2019, Dongfang is four months after becoming a real owner. "This turning point is relatively large, and it is a situation that everyone wants to see. After the last meeting of shareholders, our two sides held many consultations. Finally, Zhao Dong's attitude played a decisive role. Now our common goal is to protect the shell. Dong Heng, vice chairman of the company, told reporters.

　　 Handshake reconciliation

In April 28th, due to the fact that *ST Busen's largest shareholder, an science and technology company, was unable to buy back its 22 million 400 thousand Pledged Shares on schedule, it was forced to auction by law. In May 27th, *ST Busen announced that Dongheng is selling renminbi through judicial auction. Two point eight three eight zero eight The highest price of 100 million won 22 million 400 thousand shares of Busen shares, accounting for 16% of the total share capital of listed companies, becoming the largest shareholder of Busen *ST. After losing 22 million 400 thousand shares, Zhao Chunxia, then chairman of the board, still had a listed company through Shanghai Rui Wei. 13.86% Share ownership is the second largest shareholder of the company.

After becoming the largest shareholder, Dongzheng hopes to get the *ST Busen's power through re-election of the board of directors and the board of supervisors, but this has been opposed by the then *ST Busen board of directors and the board of supervisors. The differences between the two sides finally led to the failure of *ST Busen's first provisional shareholders' meeting in 2019 to deliberate on relevant bills.

"The reconciliation is based on the interests of listed companies, which is our common goal," Shanghai Rui Fang told reporters. We have always had this view. The previous dispute is mainly due to the failure of the two sides to agree on who will lead the business and how to do it. After we issued a joint statement, we decided that the common goal is to protect the shell. The source told reporters that the direct communication between Shanghai Rui Wei and Dong Heng Zheng began at the end of July this year. "There was no direct communication before, and no one had talked about how to make the right and how to arrange it. We had direct communication since the end of July, but there are still some differences. Later, this matter has a high degree of concern. Both of us feel that it is not good for everyone to get rid of it again. "

Du Xin told reporters that "the public may be more concerned about why we soon reconciled. In fact, both sides have a basic bottom line, that is, we all do not want to see the delisting of listed companies. This year, the company's shell keeping task is very serious. Zhao Dong also talked to me after the last meeting of shareholders. I think if a listed company can successfully keep its shell and resume its normal operation, it will be a win-win result. If it is always in front of the situation, listed companies can not do anything. Whenever a motion enters the voting stage, it will be rejected. In a few times, we will try our best to protect the shell. This is our consensus with Zhao Dong. "

　　 Injection of assets

After the two sides reached a settlement, *ST Busen quickly completed a takeover. In September 11th, *ST Busen announced that it would spend money. One point three eight Wang Chunjiang, a wholly owned subsidiary of China Unicom, Guangdong Real Estate Exchange Co., Ltd. 60.4% Equity. The Guangdong letter and exchange department, which owns the third party payment license, was wholly purchased by China in 2017. *ST Busen said in its announcement that the acquisition would help the listed company to turn around the deficit.

According to relevant information, the subject of the transaction is Guangdong letter and remittance. 60.40% The shareholding is still in pledge. This is mainly due to the signing of the equity pledge contract with Shanghai Pudong Development Bank Limited by Share Ltd Tianjin branch in August 8, 2019 and the holding of Guangdong letter and exchange. 60.40% All the shares are distributed to Shanghai Pudong Development Bank Limited by Share Ltd Tianjin branch, which is used to guarantee the "financing quota agreement" of Guangdong letter and remittance. In this regard, Du Xin told reporters, "the reason for our pledge is that if we want to do the related business of payment, we usually need a guaranty for the actual controller of the actual business. Because it is a kind of pure credit loan, it needs to make an unlimited joint liability guarantee. Mortgages do not affect transactions. We haven't planned to get the rest of the shares for the time being. First, because of the capital problem of listed companies, two is because the small shareholders of Guangdong's letter and exchange think that the value of the acquisition is lower than they expected. The acquisition of the listed company 60.4% Before the equity is One point three Billion bought, now One point three eight The value added rate is very low. Nowadays, there are few pictures that can be traded on the market, and they have also stopped.

In addition, Du Xin also responded to reporters' queries about "gambling involving Guangdong", Duxin told reporters, "this is a notice sent to us by UnionPay, first of all, it is not a punishment." It only reminds Guangdong letter and remittance. Some of the agents below may engage in risk payment. Risk payment includes credit card, cash in hand and gambling. But it does not mean that businesses must be gambling. Gambling without gambling is determined by the public security organs. Guangdong mail remittance has just received a notice. We are required to strictly examine the behavior of merchants. We will also rush out those merchants who have risky payment behavior to clear out our team, which should be fined and fined.

*ST Busen Announces Acquisition of Guangdong mail exchange 60.4% On the same day, the announcement will also be made. One point three Two million yuan in cash register two subsidiaries. The two newly established subsidiaries are Zhejiang's Busen clothing and 1 hundred million registered capital of 30 million of registered currency cloud network technology. The former will gradually undertake the main business of *ST Busen: clothing business assets, and the latter will be engaged in financial technology business based on big data.

"A new subsidiary in the system of listed companies is a long-term plan for the company," Shanghai Rui Fang told reporters. It can be more convenient in management and assessment. "

Duxin told reporters that "a listed company will be like an investment and holding platform, and there will be a lot of business in management. At present, there are only garments in stock companies, so there will be some confusion about future business segments. There will also be problems in management and structure. So we let clothing become an independent subsidiary, so that payment business has become a subsidiary company.

Full shell protection

On the day when the announcement company changed the actual controller, *ST Busen disclosed the three quarter's performance forecast. The report shows that the first three quarters of 2019 were 35 million yuan to 40 million yuan, down from the same period last year. 619.18% - 529.28% 。 The net profit of *ST Busen in 2017 and 2018 is negative, and the biggest challenge facing both sides is that the biggest challenge facing both sides is that of Shanghai.

Shanghai Rui Wei people told reporters, "we can increase revenue through various means in clothing and new businesses. Then spend the money and save as much as possible. Increase revenue and reduce expenditure.

But whether *ST Busen can succeed in "shell preservation" is not only a simple way to increase revenue and reduce expenditure. Xu Maodong, a former real controller, carried out a lot of illegal guarantee in the name of a listed company during his term of office, which resulted in *ST Busen being involved in many lawsuits.

*ST Busen mentioned in its performance notice that the company disclosed "receipt" on August 27, 2019.

Shanghai Rui Wei people told reporters that "shell protection is not a business level issue." Even now we have double main businesses. But faced with such a high security guarantee, it will be very difficult to make profits in the year. "

Du Xin told reporters that the total amount of collateral currently under litigation is near. One point two Billion, "the Supreme Court now has a spirit. If it is not disclosed and has not been voted by the shareholders' meeting with the board of directors, and no announcement has been made, the listed company should not be held responsible. Xu Maodong did not pass the above procedure when obtaining the guarantee money. We hope to solve this problem once and for all, so that the listed companies can fully enter the right track and do well in business.