The BaYanNaoEr Hetao Rural Commercial Bank has transferred 1.24% of its equity in Hengtai Securities for CNY 116 million as a debt asset. The listing price corresponds to a price of CNY 3.6 per share, which is nearly twice as high as today's closing stock price.
According to Caixin, another commercial bank has managed their debt assets.
On June 5th, Beijing Property Rights Trading Center showed that Bayannaoer Hetao Rural Commercial Bank Co., Ltd. (referred to as Bayannaoer Hetao Rural Bank) plans to list and transfer the 32,388,551 shares of Hengtou Securities Co., Ltd. (referred to as Hengtou Securities) they hold, accounting for 1.24% of the total share capital.
The listed price for the transfer of the above equity is set to be 1.1659 billion yuan, and the listing disclosure period is from June 05, 2024 to June 19, 2024.
Or it may be used as equity for real estate companies.
In the afternoon of June 5th, according to Caixin reporters, the Hengtou Securities shares listed by Bayannaoer Hetao Rural Bank are indeed debt assets, and Bayannaoer Hetao Rural Bank has obtained ownership of the shares in 2021. As for who was the previous shareholder, the above person said that this was not within the scope of disclosure.
Tianyancha shows that Bayannaoer Hetao Rural Bank acquired 1.24% equity of Hengtou Securities on April 15th, 2021. On the same day, there were changes to the equity of Beijing Taihai Jinjie Real Estate Co., Ltd., Inner Mongolia Kaideluntai Investment Co., Ltd., and Beijing Qingyun Intercontinental Technology Co., Ltd.
Among them, Beijing Taihai Jinjie Real Estate Co., Ltd. and Inner Mongolia Kaideluntai Investment Co., Ltd. together reduced their shareholding by 1.25%, which is almost the same as the shares acquired by Bayannaoer Hetao Rural Bank.
△Screenshot data source Tianyancha
In addition, Tianyancha shows that the above two companies are affiliates, and their beneficiary owners, actual controllers, and controlling shareholders are all Cao Xusheng. From the main business perspective, Beijing Taihai Jinjie Real Estate is mainly engaged in the real estate industry, and Inner Mongolia Kaideluntai Investment is mainly engaged in the business service industry.
Looking at previous judicial cases, in March 2021, the Bayannaoer Intermediate People's Court of Inner Mongolia Autonomous Region held a trial on the financial loan contract dispute between Bayannaoer Hetao Rural Bank and defendants such as Inner Mongolia Kaideluntai Investment; in June of that year, the court enforced Inner Mongolia Kaideluntai Investment for the first time, and the amount of the subject to be enforced was 35 million yuan.
On November 5th, 2019, the Bayannaoer Intermediate People's Court of Inner Mongolia Autonomous Region enforced Beijing Taihai Jinjie Real Estate for the first time, and the amount of the subject to be enforced was 93,276,064 yuan. Caixin reporters noted that the total amount of the two companies' subject to be enforced was about 128 million yuan, which is close to the listing price of the equity transfer this time.
The listing price corresponds to a price of 3.6 yuan per share, which is nearly twice the current stock price.
The listing information shows that the intended transferee must be a legal person, non-legal person organization, or natural person with full capacity for civil conduct, legally established and validly surviving under the laws of the place where it is registered. At the same time, it should have good financial status and payment ability, good commercial credit, and comply with the provisions of national laws, administrative regulations, and other normative documents. In addition, it accepts installment payments, and the intended party needs to pay a deposit of 23 million yuan.
It is worth noting that the listed price for the transfer of the 32.388551 million shares of Hengtou Securities is 1.1659 billion yuan, corresponding to a price of 3.6 yuan per share.
Public information shows that Hengtou Securities was established in 1992 and was listed on the Hong Kong Stock Exchange in October 2015. In the Hong Kong market, its securities are abbreviated as "Hengtou Securities". The company's official website introduces that Hengtou Securities is a comprehensive, fully licensed securities company approved by the China Securities Regulatory Commission. The company also owns four wholly-owned subsidiaries - Hengtai Changcai Securities, Hengtai Futures, Hengtai Capital Investment, and Hengtai Pioneer Investment - and holds a controlling stake in Xinhua Fund.
On April 9th, Hengtou Securities released its 2023 annual report. The report shows that in 2023, the company achieved revenue of 2.513 billion yuan, a year-on-year decrease of 7.78%; achieving net profit attributable to the parent company of 64 million yuan, a year-on-year increase of 104.99%.
According to East Money Information, as of the close of June 5th, the HK stock Hengtou Securities closed at 1.99 HKD per share, with a daily change of 0%. Comparatively, the listing price is nearly twice the closing price today. East Money Information shows that Hengtou Securities current net asset per share is 3.09 yuan.