One week after the start of the tender offer on Hisense's website, Zhang Chengsuo, the director of Shijiazhuang Kelin Electric, welcomed the "white knight." Shijiazhuang Guotou, together with Zhang Chengsuo, Qiu Shiyong, Dong Caihong, Wang Yong and others, jointly signed a concerted action agreement, and the company's actual controller will be changed from Zhang Chengsuo to Shijiazhuang Guotou, with a shareholding ratio of 29.51%.
On June 3, Cailianshe News (Reporter Zhang Liangde) reported that one week after the acquisition of Hisense Net, Zhang Chengsuo, chairman of Shijiazhuang Kelin Electric (603050.SH), welcomed the "White Knight" and Shijiazhuang State-owned Capital Investment and operation Group co., LTD. (hereinafter referred to as Shijiazhuang Guotou) became the company's actual controller, which once again changed the attribution of Kelin Electric's actual control. This is also the most notable M&A and anti-M&A event of A-share market since the "Baowanzhizheng" event in 2015.
Kelin Electric announced tonight that Shijiazhuang Guotou, Zhang Chengsuo, Qiu Shiyong, Dong Caihong, Wang Yong and others have jointly signed the "Agreement on the Consensual Action of Shijiazhuang Kelin Electric Co., Ltd.". The five parties have formed a consensual action relationship, and the company's actual controller will be changed from Zhang Chengsuo to Shijiazhuang Guotou.
Cailianshe reporter called Kelin Electric for comments. The company responded, "Please refer to the announcement. There is no other information that can be publicly disclosed at the moment."
Time is running out.
On the night of May 13, Kelin Electric released a summary of its tender offer report. Hisense Net planned to partially tender for 20% of Kelin Electric's shares at a price of 33 yuan per share, aiming directly at the control right of the listed company.
Previously, Shi Wenbo, general manager of Hisense Net, told Cailian News that the tender offer this time was a partial tender offer and would not terminate Kelin Electric's listing status. According to the current equity structure, Hisense will not lower the public shareholder holding ratio of the listed company after the tender offer is completed.
Due to the high acquisition price, the next day, Kelin Electric's stock price rose to the daily limit, and a large amount of arbitrage funds entered the market in the following half month, with Kelin Electric's stock price fluctuating between 31.5 yuan and 32 yuan.
On May 28, Hisense Net's tender offer has officially started. So far, the number of shares expected to be tendered has not been determined, but time is running out for Zhang Chengsuo, the former actual controller of Kelin Electric.
The last 0.49%.
This change in the company's actual controller has once again changed the attribution of Kelin Electric's actual control. Currently, Shijiazhuang Guotou and other five parties hold a total of 67,022,714 shares, accounting for 29.51%, exceeding the voting rights previously held by Hisense Net, which was 24.51%.
According to Kelin Electric's announcement, Shijiazhuang Guotou will continue to increase its holdings of the listed company's shares in accordance with the market conditions permitted by laws and regulations within the next 12 months, and has no plans to dispose of the equity it already holds. Zhang Chengsuo, Dong Caihong, Qiu Shiyong and Wang Yong have no plans to increase their holdings of the listed company's shares within the next 12 months.
This means that Shijiazhuang Guotou may continue to increase its holdings. According to the "Measures for the Acquisition of Listed Companies", investors with actual control over more than 30% of the voting shares of a listed company may be deemed to have control over the listed company, while if a shareholder holds a shareholding of 30%, a comprehensive tender offer must be made. At present, the gap to this threshold is only 0.49%.
If Shijiazhuang Guotou makes a tender offer, it and Hisense Net will form a competitive tender offer.
According to the tender offer report of Hisense Net, when a competitive tender offer arises, the shareholders who have accepted the initial tender offer should withdraw the original tender offer before making a new acceptance. The shareholder should withdraw the accepted tender offer in the transaction time of each trading day within the tender offer period through the securities company sales department where its shares are held, and the sales department of the securities company will handle the relevant declaration procedures through the trading system of the Shanghai Stock Exchange.