From the end of Elec-Tech equity "disk access", "big brother" is behind him!

For the first time in February 14th Liupai, holds 130 million shares of NVC founder Wu Changjiang in March 16th Elec-Tech "idle fish auction" second auction price to Qipai transactions.

The total number of shares of the company 130 million shares 1396400000 shares of 9.31%, still be divided into two standard, were 58 million shares and 72 million shares, the auction starting price down, than the first judicial auction Qipai price discount of 5%, respectively, at a price of 412 million yuan and 329 million, two auction were only one person bid and auction, starting price is consistent, finally respectively by Tibet Linzhi HuiFu Investment Company Limited (hereinafter referred to as "Fu investment") and the new world strategy (Beijing) Investment Consultants Limited (hereinafter referred to as "new world strategy") successfully bid.

It is worth noting that the equity auction is in order to repay the debt owed by Wu Changjiang, and creditors is the two buyers, the two sides can be traced back to dating between three years ago.

In May 22, 2014, Wu Changjiang respectively to hold 72 million 222 thousand and 200 shares, 57 million 777 thousand and 800 shares of China as a pledge to Fu investment, new world strategy loans of 250 million yuan, 200 million yuan of debt, the expiration date for August 29th of that year.

But in August 22nd of that year, the new world investment strategy to Fu Wu to Wu Changjiang "to conceal the facts, significant litigation is endangering the security of creditor's rights events, in violation of the contract on the grounds, decided to withdraw loans, the 130 million shares by the court to freeze. As of the expiration date of the debt, Wu Changjiang has not repayment interest. In September of the same year, Fu investment, new world strategy to the Zhuhai intermediate people's court proceedings.

Soon after, Wu Changjiang had jurisdiction on the Zhuhai intermediate people's court, the sale of restricted shares of judicial auction and other objections, and has been submitted to the Guangdong provincial high court reconsideration. May 20, 2015, the Guangdong provincial high court dismissed Wu Changjiang's application for reconsideration, to maintain the implementation of the Zhuhai intermediate people's court ruling.

January 6, 2016 Elec-Tech announcement, the Zhuhai intermediate people's court in the implementation of new investment, hopeful world strategy for enforcement Wu Changjiang two loan dispute case, because Wu Changjiang debtor does not fulfill the obligations determined in effective legal documents, decided respectively by 72 million 222 thousand and 200 and 57 million 777 thousand and 800 respectively. An auction in Zhuhai, auction processing in the idle fish judicial auction platform, in order to repay the debt owed by the debtor.

With the success of the auction, Elec-Tech list of shareholders will change according to the total share capital, Fu investment holdings of about 5.2% new world strategy holding approximately 4.1%, or will become the third largest shareholder, second elec-tech.

According to the 2016 three quarterly, the company chairman Wang Donglei actual control of Wuhu BDO investment limited holds 20.94% of the shares for the BDO Runda, the first major shareholders; the second largest shareholder Wu Changjiang holds 130000000 shares, accounting for 9.31%; the third largest shareholder is a natural person Wang Sheng, holds 34406400 shares, accounting for 2.46%.

The top ten shareholders of Elec-Tech (by 2016.09.30)

The auction results seem to offer existing shareholders beyond all expectations, not Elec-Tech, not outside investors, seems to have not previously reported the creditors "Zhou Dafu". In fact, behind Tibet and Linzhi HuiFu New World Strategic large shareholders are pointing in the same home --- Zhou Dafu.

According to the relevant business information, Tibet, Linzhi shareholders for the new royal Guangzhou Fu Enterprise Management Consulting Co., Ltd., which is a wholly owned enterprises in Taiwan and Hong Kong and Macao, the sole shareholder of Chow Tai Fook Nominee Ltd. The new world strategy is the Hongkong New World Group (New World Development Co) in mainland China's investment subsidiary, Zhou Dafu group, a wholly owned subsidiary of the company holds a 43% stake in the development of the new world of. The public information shows that the new world is founded by Zheng Yutong, a famous entrepreneur in Hongkong, and the same is true of the group of all of the people of Zhou Dafu. This also means that once the equity or completion of delivery, the Zheng Yutong family will replace Wu Changjiang become the second largest shareholder of china. (text: LEDinside Nicole)

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