Caixin Securities, September 20th news (reporter Chen Junlan Zhao Xinrui) As an app providing stock data, "KaiPangLa" has attracted market attention due to its "alliance" with the listed company Shenzhen Infogem Technologies. Shenzhen Infogem Technologies has also attracted attention from funds due to this acquisition, pushing the stock up two consecutive limit up.

On September 18, Shenzhen Infogem Technologies announced that the company's controlling shareholder and actual controller Zhang Xuejun, Chen Xiangjun, and Li Jun signed a stock transfer agreement with Zhuo Haihang, intending to transfer 49.462 million shares of the company's unrestricted tradable shares, accounting for 7% of the total share capital, through an agreement transfer.

From the perspective of Shenzhen Infogem Technologies' shareholder structure, if the transfer is successful, Zhuo Haihang will become the third largest shareholder of Shenzhen Infogem Technologies.

The reason why this transaction is so noteworthy is because of Zhuo Haihang's other identity, as the founder and legal representative of Guangzhou KaiPangLa Network Technology Co., Ltd., with a holding stake as high as 42.88%. While Shenzhen Infogem Technologies belongs to the "Information Technology-Computer Software-Industry Application Software" category and its spark with "KaiPangLa" may not be surprising.

It is worth mentioning that Shenzhen Infogem Technologies holds 26.1% of the shares of Dongxing Securities, and is a strategic shareholder of Dongxing Securities. Regarding the acquisition of shares in Shenzhen Infogem Technologies, it is worth paying attention to whether Shenzhen Infogem Technologies will further expand its business in the field of financial technology by leveraging the resources and platform of "KaiPangLa."

As of the close on September 20, Yinzhijie closed at 12.31 yuan, rising for two consecutive days. The trading volume was 1.4429 million shares, with a turnover of 1.732 billion yuan. The Dragon and Tiger List data shows that institutions net sold 0.17 billion yuan, Shenzhen-Hong Kong Stock Connect net sold 4.6807 million yuan, and the total net buying by brokerage seats was 0.105 billion yuan.

Looking at the top five buyers, they are China Merchants Securities Fuzhou Liuyi Middle Road Branch, Guotai Junan Securities Heyuan Yuewang Avenue Branch, Shenzhen-Hong Kong Stock Connect, Tianfeng Securities Hangzhou Jiaogong Road Branch, and Dongxing Securities Hefei Qianshan Road Branch, accounting for a total turnover ratio of 8.56%. There are obvious signs of speculative buying.

After the market closed today, Yinzhijie published a routine announcement of abnormal stock trading, stating that the company's self-examination found no violation of fair information disclosure. This transfer agreement will not change the company's control rights.

Yinzhijie is highly similar to the 'Kaipanla' business.

Yinzhijie was listed on the Growth Enterprise Market in May 2010. It is a company that provides comprehensive innovative financial technology services to financial institutions, internet finance companies, and individual consumers. Its main business includes financial information services, mobile information services, and e-commerce. On the other hand, Guangzhou Kaipanla Network Technology Co., Ltd., under Zhuo Haihang, is in the software and information technology service industry.

Journalists have found that the two companies have many similarities in their businesses. In terms of core business, Yinzhijie and 'Kaipanla' both belong to the financial technology service sector. The services provided by 'Kaipanla' include a stock data app, which was officially launched on December 20, 2016. The app is positioned as a 'stock trading mobile software' in the app store, providing users with free services such as deconstructing market logic, fund trends, and investment opportunities. On the other hand, Yinzhijie mainly provides software products for the financial industry, mainly reflected in information services.

With similar business backgrounds, Zhuo Haihang's investment in Yinzhijie naturally gives rise to speculation. How can the two complement each other's business and further expand the market space? Are there any new business expansion plans? Regarding this, a reporter from Cailian Press contacted Yinzhijie and company personnel said that Zhuo Haihang's investment in Yinzhijie is mainly based on optimism about the company's future development prospects. As for whether there will be strategic cooperation in the future, it may require communication between the two parties on the development and synergy of the two companies' businesses after Zhuo Haihang becomes a shareholder of the company.

The completion of this equity transfer will undoubtedly have a certain impact on the future development of Shenzhen Infogem Technologies. The stock price of Shenzhen Infogem Technologies closed at the limit up on September 19th and 20th, indicating the market's high attention to this equity change.

Is it intended to use a shell?

Regarding Zhuo Haihang's investment in Shenzhen Infogem Technologies, there are also market rumors that this equity transfer may involve a shell listing.

To this end, the staff of Shenzhen Infogem Technologies clarified to the Caixin reporter that the shell rumor was explicitly denied and stated that this transfer would not cause changes in the controlling shareholder and the actual controller, and would not have a significant impact on the company's governance structure and continued operation.

In addition to the response from Shenzhen Infogem Technologies, considering the relevant policy guidelines, shell listing is not encouraged by regulators to prevent improper shell cases. Therefore, the possibility is relatively small. However, the realization of merger and reorganization between the two parties is a different matter.

For investors, this equity transfer and market rumors may have a short-term impact on the stock price of Shenzhen Infogem Technologies. In the long run, the company's fundamentals and business development will be the key factors affecting the stock price. When making investment decisions, investors should fully consider the company's financial condition, industry prospects, and potential business cooperation opportunities.