Behind the cash-out of Hongbo shares: Mao Wei's 700 million acquisition of empty gloves White Wolf, financial adviser Huaying Securities and CITIC Securities data fight!

Deep Blue Finance

2024-06-25 01:32Published in Sichuan

Source: International Investment Bank Research Report

Behind the story of Hongbo shares selling the company to cash out: Mao Wei's 700 million acquisition of empty gloves and white wolf in 2019 is a key node, and Huaying Securities and CITIC Securities are financial advisers fighting over data!

After 14 years of listing, the original shareholder of Hongbo shares, You Jia, is gone, during the period, through the secondary market reduction and one-time transfer of control to Henan Mao Wei, cashed out 2 billion, becoming an example for ordinary families to make a fortune, and 140,000 leeks who dream of making a fortune are supported by Mao Wei's various concepts, and they are struggling to keep a garbage company, just like a woman who is waiting for a man who has made a fortune in the distance to return, there is no hope.

Many leeks expressed strong condemnation, understanding, and understanding of the You family's behavior of selling the company. However, carefully comparing the behavior of Hongbo shares in recent years, the key node is the second acquisition of Mao Weikong gloves white wolf in 2019 and 2020, Huaying Securities and CITIC Securities are financial advisers, flip through their financial adviser announcements at that time, where is the data, you can see whether the data is true or false! Anyway, at least one of the data is fake.

1. Hongbo shares are a typical example of a family making a fortune by selling companies through listing! In 2008, Hongbo shares were listed on the Shenzhen Stock Exchange, and the issuer's shareholders You Yuxian, You Lijuan, You Youyue, You Youluan, You Xuexian, Su Fengjiao and Zhang Miantao are members of the same family, holding a total of 94% of the company's shares before the issuance, and are the controlling shareholders (actual controllers) of the company. Among them, Zhang Miantao and You Yuxian, You Lijuan, You Youyue, You Youluan, You Xuexian are mother-son/daughter relationshipsYou Yuxian and Su Fengjiao are mother-daughter relationships.

2. Hongbo shares interpret the concept of the times! The You family can be said to have made full use of the dividends of the times. After listing, the company raised a total of 1.34 billion yuan and paid 180 million dividends for a total of 3 times, and after the 3-year lock-up period, the You family began to reduce its holdings, and finally sold the company's controlling stake to Mao Wei in Henan for 2 times in 2019 and 2020 at a price of 1.03 billion yuan, according to the current popular statistics, the whole family cashed out more than 2 billion.

3. After Mao Wei became the owner, he carried out a series of dazzling operations, and various concepts flew sideways, especially under this wave of AI computing power concepts, the stock price rose 10 times, but the concept is the concept, although beauty is now the biggest invention, but when beauty is removed, the truth is cruel! As a capital operation, Mao Wei's shares have been mortgaged, the judicial transfer of judicial transfer, and the withdrawal of 10 major shareholders, the current largest shareholder shareholding is only 1.37%, leaving 170,000 leeks as miserable as a wronged woman!

4. According to public media reports, in the face of doubts, the You family believes that their series of shareholding reductions are legal and compliant, and Mao Wei's judicial shareholding reduction is also reasonable. In other words, our You family has tasted the dividends of the times by selling listed companies to become rich, and everything is operated in accordance with the law, and you have no right to accuse. In the morning, I carefully sorted out the announcements since the listing of Hongbo shares, at least from the formal point of view, Lingtong News felt that what You Jia said made sense, it was because the IQ of your leeks was low, and they deserved to be cut leeks.

5. So there is no problem with the history of Hongbo shares? Yes! The problem lies in Mao Wei's two acquisitions, Mao Wei is a financial player, not an unemployed operator, but at that time, the financial advisers of the two acquisitions, Huaying Securities and CITIC Securities, did not do a substantive investigation of the "source of funds", and Mao Wei actually acquired a controlling stake in a company with empty gloves and white wolves. In this part, I personally feel that the intermediary can be sued, or the CSRC should also file a case for investigation.

6. In 2019, Mao Wei's company invested 712.99 million yuan to acquire 14.26% of Youjia's shares. Huaying Securities was the financial adviser for the acquisition, and according to the financial adviser verification opinion of Huaying Securities Co., Ltd. on the detailed report on changes in equity of Hongbo Co., Ltd., the assets of Mao Wei's two companies, Yutai Holdings, were about 400 million yuan, and the controlling shareholder of Yutai Holdings, Huiyi Trading, had assets of 355 million yuan, liabilities of 355 million yuan, and an asset-liability ratio of 100%, which means that the company's money was borrowed, and these were unaudited. The company's registered capital is 780 million, and Huaying Securities has not been seen to see where the specific funds are. In this way, it is believed that "after verification and the commitment of the information disclosure obligor, the information disclosure obligor's acquisition funds are its own funds and self-raised funds obtained through other means permitted by laws and administrative regulations, and there is no direct or indirect source of funds from the listed company and its related parties, and the funds are not obtained through asset replacement or other transactions with the listed company." There is no nominee holding, structured arrangement, external fundraising, etc., nor is there any situation derived from contractual funds, asset management plans, and collective capital trust plans. “

7. In 2020, Mao Wei's company invested another 318 million yuan to acquire 8.03% of Youjia's shares. According to the financial adviser verification opinion of CITIC Securities Co., Ltd. on the detailed equity change report of Hongbo Co., Ltd., in 2019, the total assets of Huiyi Trading were 2.83 billion yuan (an increase of almost 2.5 billion yuan from the previous year), the shareholders' equity was 1.59 billion yuan (very rich), and the asset-liability ratio was 43.80%, and the total assets in 2018 were 440 million yuan, the liabilities were 398 million yuan, and the asset-liability ratio was 89.96%. Compared with the report of Huaying Securities in the previous year, there is always a data that is fake! The difference between the financial reports of CITIC Securities and Huaying Securities is that the data of Huaying Securities is unaudited, while the data of CITIC Securities is actually audited by Henan Xinghua Certified Public Accountants.

Huaying Securities version

CITIC Securities version

Similarly, the data of Huaying Securities version and CITIC Securities version of Yutai Holdings are also different, CITIC Securities version becomes 2018 Yutai Holdings' total assets of 450 million and shareholders' equity of 399 million, while Huaying Securities version of Yutai Holdings' total assets in 2018 is 400 million and owners' equity is 395 million.

Huaying Securities version

CITIC Securities version

According to this report by CITIC Securities, Yutai Holdings and its controlling shareholders at that time were very rich, and the ownership equity of Yutai Holdings was as high as 2.31 billion. However, for the source of funds for the acquisition, CITIC Securities' verification shows that it was borrowed from Henan Energy and Chemical Group, and the specific method is to carry out receivables financing through Shanghai Jinyuan Baili Asset Management Company! However, the report of CITIC Securities itself said that the total operating income of the entire Huiyi Trade in 2019 was only 384 million, and the operating income in 2017 and 2018 was 0. In short, this comes from the counterpart Henan Energy and Chemical Group (so later this share was mortgaged).

8. It is inevitable that the computing power of beauty will go bankrupt.

Photos are deception, beauty is China's biggest invention, the key is this woman!

It's a pity that some people have gotten beauty to listed companies. Some time ago, I met an industry expert, and the concept of computing power was very hot at that time, and he told me that computing power is a pseudo concept. The reason is very simple, because if anyone can buy an Nvidia card, then it will soon be as bad as cloud services, and if no one can buy it, then the value of the so-called computing power built is 0.

A company with only 170,000 leeks

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