Kang Yin, a reporter from the Securities Times
The first case of double withdrawal of "Aban B" sharesShencheng A retreat(000018) Regenerative change.
Shencheng An announced on the evening of December 25 that the company's wholly-owned subsidiary China Great Wall Group is at risk of losing control of its equity stake in Baden Baden Akur Hospital in Germany (referred to as "Akur Hospital"). At present, it has basically lost control of the hospital. If Shencheng A loses control of the hospital, it will have an impact on the company's 2019 audit scope.
Shencheng A, which entered the delisting period on November 25, will be delisted after 30 trading days during the delisting period. At the close of trading on December 25, Shencheng A returned 0.26 yuan.Shencheng B retreatHK $0.15.
Trying to lay out the medical industry
The main business of the Great Wall of China was originally "engineering construction". In 2016, the "medical and health industry" was listed alongside "engineering construction" as "the two major strategic development directions in the future", and then acquired the overseas Akur hospital.
The "out of control" German hospital was bought in 2017. At that time, the company believed that Baden Baden Hospital was a characteristic hospital with a long history in Germany and had a high reputation in medical rehabilitation, and the acquisition of the hospital was conducive to the introduction of advanced medical talents, technology and management experience from Germany, and the integration of Chinese and foreign resources. realize the layout of the company in the field of medical rehabilitation.
The announcement on the evening of December 25 showed that Great Wall Group, a wholly owned subsidiary of Shencheng A, was recommended by middleman Chu Chengzhong in 2017.Great Wall GroupA 100 per cent stake in Akur Hospital, owned by Germany's Akur Medical Group, which is in liquidation, was acquired for 14.2 million euros.
The company then decided that German Healthcare Investment, which is jointly controlled by Chu Chengzhong and his wife, would hold a 6% stake in the hospital, and the Great Wall Group would own 94%.
Shencheng A retreat said that due to liquidity difficulties, Akur Hospital sent a letter to the company in early 2019 asking for financial support. Because of the debt crisis, Shencheng A has been unable to provide liquidity support to it. In order to meet the urgent financing needs of the hospital, Akur Hospital shareholders Deutsche Healthcare Investment and Great Wall Group made a shareholders' meeting resolution authorizing the management of the hospital to carry out financing business.
Subsequently, the hospital management unilaterally drew up a "financing and equity transfer contract", agreeing that German Investment and Trading Co., Ltd. (100% shareholding of Chu Chengzhong) and a natural person would finance a loan of 1 million euros to Akur Hospital and guarantee the hospital land (valued at 4.5 million euros). At the same time, the "financing and equity transfer contract" contains equity transfer terms, that is, the lender transfers the Great Wall Group to hold a 94% stake in the hospital, and agrees that the Great Wall Group can redeem the loan within four months.
In June this year, Akur Hospital completed the equity change procedures, the Great Wall Group no longer holds a stake in the hospital.
Contact the hospital failed
Shencheng A said that the "financing and equity transfer contract" Great Wall Group did not sign, infringing on the interests of the company and the hospital.
Shencheng A Tui contacted Akur Hospital and asked to report the details to the Great Wall Group and listed companies, but did not receive a reply. Then Shencheng A withdrew a special person from Akur Hospital for on-the-spot investigation and asked for relevant information, but the hospital still refused to provide it. Shencheng A Tui believes that the above violations have deprived the listed company of control over the hospital.
Shencheng A retreated said that the company's investment in the hospital accounted for 1.09% of the company's latest audited total assets, and if it was not included in the company's consolidated statements in 2019, it would have a significant impact on the company's 2019 financial statements. At present, the company has commissioned professionals to verify and evaluate the current situation of the hospital, intend to recover 6% of the shareholding and another 94% of the equity, and pursue the legal liability of the relevant parties.
The loss of control of the hospital is only one of the dangerous situations of Shencheng A retreat in recent years. Since 2018, Shencheng A has successively experienced problems such as freezing of major bank accounts, a large number of overdue debts and most of them have been involved in litigation, shortage of monetary funds available for operating activities, and so on, resulting in debt crisis and operational difficulties. The unceasing thunderstorm Shencheng A retreat share price dived at the end of April this year, and the share price fell by the limit of 14 in 16 trading days.
Due to the closing price of less than 1 yuan for 20 consecutive trading days, the An and B shares of the Great Wall of China were terminated on November 15, 2019 and entered the delisting period on November 25.