Source: Network
New energy vehicle top-stream BYD was targeted by "Li Gui".
The "Li Gui" that BYD encountered this time, Nanning Xiaozhongzheng Commercial Secretary Co., Ltd., not only announced that BYD would acquire it wholly, but also changed the name of the company to BYD (Guangxi) New Energy Co., Ltd., with a registered capital of 30 million to 100 million yuan. They even faked the BYD Auto official seal and the Wang Chuanfu signature, and submitted false materials for change registration. Only four or five days later,
encountered a "fake crackdown" from BYD. According to information on the website of the Nanning Administrative Examination and Approval Bureau of Guangxi, on September 20, BYD Automobile Industry Co., Ltd., a subsidiary of BYD, reported that Xiaozhongzheng Business forged the official seal of BYD Automobile and Wang Chuanfu’s signature, submitted false materials for registration of changes, and its registration of changes has been revoked. After
went through the public "anti-counterfeiting", this oolong drama finally came to an end. The market can't help but wonder what is the origin of this Nanning small and heavy government company? Why is BYD being targeted by "Li Gui"?
was forcibly "acquired" by
Recently, BYD made a large-scale layout in Nanning City, Guangxi Province. It is understood that since the beginning of this year, BYD has made frequent moves in Nanning , and has laid out at least 5 major projects, with a planned total investment of over 16.3 billion yuan.
Among them, " Nanning Yongzhou Fudi Battery Co., Ltd. BYD Power Battery Expansion Project" will rent 240,000 square meters of factory buildings to build a 10GWh power battery project with a total investment of 2.5 billion yuan. Construction will be completed in 2023.
"Guangxi ASEAN Fudi Battery Co., Ltd. BYD 10GWh hybrid battery and 5GWh new battery project" has a total construction area of about 649,400 square meters. It will build a factory for research and development, production and manufacturing of battery cells, modules and other products. The total investment of the project is 8 billion yuan, and the construction is expected to be completed in 2024.
The "Nanning BYD New Materials Co., Ltd. 30,000-ton lithium carbonate project" has a total construction area of about 100,000 square meters and an estimated total investment of 1.5 billion yuan. The construction is expected to be completed in 2024. The total investment of the
"Nanning BYD New Energy Vehicle Comprehensive Test Field Co., Ltd. BYD Intelligent New Energy Vehicle Comprehensive Test Field" project is 2 billion yuan, and the construction is expected to be completed in 2025.
Finally, there is the "Lingli Industrial Park New Energy Vehicle and Supporting Industrial Park Project (Phase I)". The project has a construction area of about 85,600 square meters and a total investment of about 2.322 billion yuan. The construction period is 2023-2024. The
tree is a big attraction. BYD entered Nanning on a large scale, but it was targeted by Nanning Xiaozhongzheng Company with "ulterior motives". It "pretends" to be acquired by BYD by forging the official seal of BYD Auto Industry and Wang Chuanfu's signature.
On the evening of September 20, the website of the Nanning Administrative Examination and Approval Bureau of Guangxi announced a decision to cancel the registration of BYD (Guangxi) New Energy Co., Ltd.
Source: The public information of
of Nanning Administrative Examination and Approval Bureau of Guangxi shows that on September 20, 2022, BYD Automobile Industry Co., Ltd. (hereinafter referred to as "BYD") reported to the Market Service Section 1 of our bureau that the parties used their identity information to defraud The company registered and submitted an application for revoking the party’s registration change on September 16, 2022 and relevant evidence materials. The Nanning Municipal Administrative Examination and Approval Bureau will accept and investigate on September 20, 2022.
It has been found out that the official seal of BYD Auto Industry Co., Ltd. and the signature of Wang Chuanfu, the legal representative of BYD Auto Industry Co., Ltd. in the materials submitted by the parties when applying for company change registration are forged. BYD Auto Industry Co., Ltd. and its legal representative Ren Wang Chuanfu was unaware of the registration and did not ratify it afterwards.
The Nanning Municipal Administrative Examination and Approval Bureau stated that the behavior of the parties involved submitting false materials or using other fraudulent means to conceal important facts to obtain market entity registration, which violated Article 17 of the " Regulations of the People's Republic of China on the Administration of Market Entities Registration " "Application for registration of market entities". The person shall be responsible for the authenticity, legality and validity of the submitted materials". The bureau decided to revoke the party's registration of change of company on September 16, 2022.
On September 24, BYD said that BYD (Guangxi) New Energy Co., Ltd. was fake, and the news that it forged BYD's official seal and Wang Chuanfu's signature was true. CompareYadi has called the police and declined to comment on the specific situation. The company
was 100% owned by BYD for only 6 days. The shareholding change history shows that on September 16, 2022, the shareholding structure of the small heavy company changed, from Nong Caiyun holding 70% of the shares and Yu Huihua holding 30% of the shares to BYD Automobile Industry Co., Ltd. holding 100% of the shares, and the registered capital also changed from The original 300,000 yuan was increased to 100,000,000 yuan. On September 21, the second day after
cracked down on counterfeiting, the company changed back to Nong Caiyun and Yu Huihua’s shareholding.
Image source: Qichacha
It is worth noting that Nong Caiyun, the major shareholder of Nanning Xiaozhongzheng Company, happens to have a company specializing in seal production - Liuzhou Shangdian Seal Production Co., Ltd., and Nong Caiyun holds shares in the company The proportion is 70%. The company's business scope includes "official seal engraving". It inevitably makes the industry wonder, does the official seal used in this fraud have anything to do with this company? In fact, this is not the first time that BYD has encountered "Li Gui", and the aftermath of the previously sensational "advertising door" incident has not yet come.
On July 4, 2018, BYD released a short statement of less than 150 words on its official website, saying that the company found that some illegal units or individuals forged the seal of BYD company and carried out advertising cooperation business in the name of BYD company. After the company reported the case, the criminal suspect Li Juan has been taken coercive measures by the public security organs.
On July 12, BYD issued another "Statement on Li Juan and others using BYD's name to carry out related business", claiming that Li Juan faked the identity of the general manager of the marketing department of Shanghai BYD Electric Vehicle Co., Ltd. and forged many BYD seals. In the name of BYD, we have cooperated with many units and institutions in advertising and promotion.
BYD initially emphasized that it had called the police, and said that it was involved in advertising and delivery cooperation, "BYD is not aware of it, and has nothing to do with BYD."
One stone stirred up a thousand waves. The "Shanghai Jingzhi Advertising" involved in the case published a WeChat article saying that the contract fraud case identified in BYD's statement lasted for three years. Soon, more advertising companies, suppliers and media began to expose that Li Juan solicited cooperation in the name of BYD's East China General Manager, and more than 30 advertising companies helped BYD to do dealer activities and advertising in many regions, involving debts. The amount may be as high as 1.1 billion yuan.
BYD issued a clarification announcement on July 16, pointing out that Li Juan and the online "Chen Zhenyu" are not current or former employees of BYD, nor are they directors, supervisors or senior managers of BYD. In addition, the seal used in the contract signed by Li Juan in the name of BYD and Shanghai BYD Electric Vehicle Co., Ltd. is forged.
Finally, on December 31, 2019, the Shanghai Pudong New Area People's Court issued a criminal judgment, convicting Li Juan of contract fraud and sentenced to 14 years in prison, 3 years of deprivation of political rights, and confiscation of RMB 5 million in property .
However, the aftermath of the above-mentioned "advertising door" has not stopped. According to the China Judgment Documents Network, on July 29, Shanghai Yuhong v. defendants BYD Co., Ltd. , BYD Auto Industry Co., Ltd., BYD Auto Sales Co., Ltd., and Shanghai BYD Electric Vehicle Co., Ltd. The first-instance ruling on the service contract dispute was made public.
Source: The ruling of China Judgment Documents Network
shows that the case was filed on February 14, 2022, and Shanghai Yuhong added a petition on March 4, requiring the four defendants to jointly pay the plaintiff to provide a series of projects for BYD Group. The actual execution fee and service fee are about 153 million yuan.
Since the domicile of BYD Auto Industry Co., Ltd. and BYD Auto Sales Co., Ltd. is not in Shanghai, and the subject matter of the lawsuit exceeds 100 million yuan, the Shanghai Fengxian District People's Court has no jurisdiction, and the case is transferred to the Shanghai No. 1 Intermediate People's Court according to regulations. . A number of
listed companies have been "touched porcelain"
's "Tencent and Laoganma advertising dispute" incident was regarded as a replica of BYD's advertising door.
In 2020, and Tencent initially sued on the grounds that Laoganma put tens of millions of yuan in advertisements on Tencent, but ignored the contract for a long time and failed to pay. Laoganma immediately responded that Tencent was deceived, and Laoganma had never had business cooperation with Tencent. Later, the Guiyang Public Security Bureau reported that the three people forged the seal of Laoganma's company, pretended to be the manager of the company's marketing department and signed a cooperation agreement with Tencent, in order to obtain the network that Tencent donated in promotional activities.Online game password, 3 people have been detained.
finally settled the incident with Tencent and Laoganma, applied to the court to withdraw the property preservation application and the lawsuit in this case, and reported the contract fraud to the Guiyang Public Security Bureau.
Looking back, many listed companies have suffered losses from forging official seals.
In May 2018, Infront Micro (000670.SZ) was involved in a loan dispute. Infront Micro's actual controller at the time, Chen Zhicheng, and its controlling shareholder, Infront Microelectronics , assumed the joint and several guarantee responsibility for the 50 million yuan loan from Tibet Hanli to Chen Weiqin, and signed a guarantee contract. However, Infront Micro said that it has never been aware of the loan and guarantee matters, and has never signed a guarantee contract. The official seal on the guarantee contract is inconsistent with the company's existing official seal. After the incident of
forging the official seal, the stock price of Infront Micro went down all the way that year, and the lowest point fell to 2.75 yuan per share.
Dongjing Electronics (002199.SZ) was also involved in economic disputes due to forged official seals. Due to the private loan dispute, the Lanshan Court seized the assets of Su Sitong, the actual controllers of Dongjing Electronics at the time, and Dongjing Electronics worth 30 million yuan. In the incident, there were also guarantee documents affixed with the official seal of Dongjing Electronics. But the company said it had no idea. After the death of Zhou Jiancan , the former chairman of
Golden Shield (300411.SZ), its subsidiary company defrauded , the head of the investment and financing department of Golden Shield Group illegally absorbed public deposits, and the forged official seal of Golden Shield was exposed one by one. According to media reports, due to personal debts, Zhou Jiancan forged the company's official seal and borrowed and provided guarantees in the name of the company. The incident of
forging official seals has a profound impact on Jindun shares. In 2018, when the incident was exposed, Jindun shares fell from the opening price of 19.48 yuan per share at the beginning of the year to the closing price of 7.60 yuan per share on the last trading day of 2018, a sharp drop of 61.40% during the year. Since then, the share price of Golden Shield has never returned to more than 10 yuan.
For listed companies, the popularity of the company name is only second. The key is that the related acts of forging official seals and signatures must be "fake" in time, otherwise they will face the double blow of lawsuits and stock prices.
Source: WeChat public account "Caizhi Toutiao" Synthesized from: Financial Associated Press, Securities Times, Southern Metropolis Daily, Jiemian News, etc.
Editor in charge: Bai Jing
Proofreading: Yuan Kai
Review: Gong Zimo
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