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Li Liubing, the actual controller of Zhongbei Communications, intends to use 4.Onlinegamblingslots38 million yuan agreement to transfer 5% shares to Shenzhen Baiyang Private Equity Fund Co., Ltd.OnlinegamblingslotsThe transaction price is 14% off the market price. The company's share price fell 4% after the announcement.Onlinegamblingslots.57%, with a market capitalization of 9.672 billion.
Text of news flash
On the evening of May 14, China Bay Communications (603220.SH) announced that Li Liubing, the company's controlling shareholder and real controller, plans to transfer its 5 per cent stake in the company to Shenzhen Baiyang Private Equity Fund Management Co., Ltd. (on behalf of Bai Yang Qiushi No. 1 Private Equity Investment Fund) at a transaction price of 438 million yuan. [Li Liubing, the real controller, transferred 5% of Zhongbei Communication's shares to a private equity fund with 438 million yuan.] the transfer price of Li Liubing is 26.11 yuan per share, which is equivalent to a 14% discount compared with the closing price of 30.23 yuan that day. In the secondary market, on May 15, the company's share price opened low and fell more than 5% in intraday trading. As of the close, the company's share price closed at 28.85 yuan, down 4.57%, with a total market capitalization of 9.672 billion yuan. After this equity change, Li Liubing's shareholding will be reduced from 26.69% to 21.69%. He is still the company's controlling shareholder and controller, while Shenzhen Baiyang Private Equity Fund Co., Ltd. will increase its shareholding to 5%. Shenzhen Baiyang Private Equity Fund Company, which was founded in 2015, currently manages less than 500 million yuan and has a total of seven employees, according to information published by private equity fund managers. The actual controller of Shenzhen Baiyang Private Equity Fund Company is Wang Hanbao, who currently holds the positions of deputy general manager and fund manager of the company. According to his resume, Wang Hanbao held the positions of product engineer and hydraulic engineer in Foxconn Technology Group and Shenzhen Mindray Biomedical Devices and Electronics Co., Ltd., and then worked as an investment manager in Guojin Fund Management Co., Ltd. In addition, Li Liubing, the communication and controller of Zhongbei, was criticized by the exchange for not disclosing the information about the construction of the company's computing center in a timely manner. Then, on March 26, Hubei Securities Supervision Bureau took administrative supervision measures to issue warning letters against the company and Li Liubing. Zhongbei Communication is mainly based on the communication network construction business, while taking into account the communication and information system integration, communication network optimization and maintenance, communication network planning and design business. At the beginning of 2023, on the basis of full investigation, Zhongbei Communication decided to carry out computing business and formulated a specific action plan. This year, Zhongbei Communications also won a calculation order of more than 700 million yuan. But the announcement caused a lot of controversy. On April 11, the Shandong Provincial Computing Center (National supercomputing Jinan Center) issued a statement saying that the "Jinan supercomputing center" mentioned by Zhongbei Communications in the above announcement is not the national supercomputing Jinan center. The Shandong Provincial Computing Center stressed that the names of "Jinan Supercomputing Center" and "Jinan Hypercomputing" are allOnlinegamblingslotsOur unit is the first to use, any other unit or individual unauthorized use of the above name or the use of the above name for publicity and cooperation, will constitute an infringement of the name right of our unit. In terms of performance, in recent years, the company's overall revenue has maintained a growth trend, from 2.641 billion yuan in 2021 to 2.862 billion yuan in 2023. In terms of net profit, the index of the company fluctuated greatly. From 2021 to 2023, the company's homing net profit was 182 million yuan, 109 million yuan and 144 million yuan respectively. The net profit decreased in 2022, and then increased in 2023, but still did not return to the 2021 level. According to the first quarterly report in 2024, affected by factors such as the high gross profit margin of the new business, during the reporting period, the company's revenue and net profit were 729 million yuan and 46.4542 million yuan respectively, an increase of 30.55% and 103.25% respectively over the same period last year.