Since the beginning of this year, A shares have frequently staged "Prison", and the chairmen or actual controllers of a number of listed companies have been arrested. At noon on December 10th, Lanzhou Minbai (600738) issued an announcement that Zhu Baoliang, the company's controller, was taken criminal compulsory measures for personal reasons; affected by this news, Lanzhou Minbai fell 5.21% on a daily basis, and its market value lost more than 200 million yuan.
Zhu Baoliang
In the announcement, Lanzhou Minbai only said that the company received a letter from the Tonglu County Public Security Bureau on the 10th, but the relevant matters have yet to be further investigated by the public security organs. Lanzhou Minbai stressed that the above incident is a personal matter of the actual controller and has nothing to do with the operation of the company; so far, the operation of the company is normal, and Zhu Baoliang has not held any position in the company.
According to the shareholding information disclosed in the Lanzhou Minbai Triple Quarterly report in 2019, although Zhu Baoliang directly holds 10.378 million shares, accounting for only 1.33% of the total share capital, Zhu Baoliang indirectly controls 435 million shares of Lanzhou Minbai through the Honglou Group, accounting for 55.6% of the total share capital. In addition, Zhu Baoliang's wife, Hong Yidan, directly owns 5.3% of the shares of Lanzhou Min and holds the post of chairman.
Speaking of Lanzhou Minbai, the company's large proportion of dividend program at the beginning of this year put Zhu Baoliang and others on the forefront of public opinion. According to the 2018 annual dividend plan disclosed by Lanzhou Minbai, the company plans to distribute a cash dividend of 16 yuan per 10 shares to all shareholders, totaling 1.253 billion yuan; in fact, Lanzhou Minbai's net profit of deducting non-profit in 2018 is only 135 million yuan.
The dividend payout rate of Lanzhou people's dividend is astonishingly high this time. Of course, the biggest beneficiary is Zhu Baoliang and his wife. As the two directly and indirectly hold more than 62% of the shares, they receive nearly 780 million yuan in cash. It is worth mentioning that Lanzhou Minbai has accelerated the frequency of dividends in recent years, and the company has implemented five dividends since 2018.
Zhu Baoliang, a native of Tonglu county, was bidding for a 49.6% state-owned stake in Zhejiang Fuchunjiang Tourism Co., Ltd. (hereinafter referred to as Fuchunjiang Tourism) in the course of his business. According to public data, in the bidding in January 2000, Zhu Baoliang bought all the state-owned shares of Fuchunjiang Tourism for 90 million yuan. Since then, he has further bought shares from other enterprises.
Fuchunjiang tourism constitutes an important business body of Honglou Group, according to the official website of Honglou Group, the Group is a comprehensive large-scale enterprise group integrating retail department stores, professional markets, financial investment, boutique tourism, hotels, high-end real estate and e-commerce; the industrial plate includes commercial real estate, boutique tourism, retail department stores and other industries.
In fact, with the acquisition of Fuchunjiang Tourism as the starting point, under the leadership of Zhu Baoliang, Honglou Group has successively implemented a number of mergers and acquisitions, namely, the transfer of 28.8% of the state-owned shares of Lanzhou, the largest shareholder of the latter, and the acquisition of the Asia Shopping Building in Taian, Shandong Province, and the 100% equity stake in Zhejiang Silk Group Co., Ltd.
Actual controllers of several listed companies have been arrested.
Since the beginning of this year, more than 10 actual controllers or chairmen of listed companies have been arrested or taken compulsory measures.
Among them, the more typical one is Kay Ying network. On the evening of October 25 this year, Kaiying announced that the board of directors had received a "notification letter" from the family of Jin Feng, chairman of the company, saying that Jin Feng had been arrested by the Shanghai Municipal Public Security Bureau on suspicion of insider trading.
This is not the first time a senior executive of Kaiying Network has been arrested and investigated by the public security authorities. On the evening of May 6 this year, the Kaiying network announced that Wang Yue, the actual controller of the company, was criminally detained by the Shanghai Municipal Public Security Bureau on suspicion of manipulating the securities market. Wang Yue was formally arrested by the Shanghai Municipal Public Security Bureau on June 12 on suspicion of manipulating the securities market.
At noon on October 24, Chunxing Seiko announced that it had received a notice from the family of Sun Jiexiao, the controlling shareholder and actual controller, that Sun Jiexiao had been taken compulsory measures by the public security organs on suspicion of insider trading. The relevant matters have yet to be further investigated by the public security organs. On March 13 this year, Sun Jiexiao was punished by the CSRC for being convicted of insider trading.
In addition, listed companies whose actual controllers or chairmen are involved in the storm also include Fengyuzhu, Xunxing shares, * ST Pengqi and so on, and well-known companies such as Storm Group and ST Kangde are also typical of them.
It is worth noting that in the cases in which the chairman or actual controller of a listed company has been arrested this year, many cases are due to the parties suspected of insider trading, illegal disclosure and other illegal securities operations. At present, the specific reason why Zhu Baoliang was taken criminal coercive measures is not clear, but this undoubtedly adds a crisis to the enterprises controlled by Zhu Baoliang.