, a once-big bull stock, will start selling today. At the same time, there are online rumors that the company’s controlling shareholder and actual controller has absconded overseas and is out of contact, which has attracted market attention.
On the evening of July 29, Oriental Materials (603110) disclosed a clarification announcement regarding media reports: Today the company paid attention to the above rumors. After verification, the company’s controlling shareholder and actual controller Xu Guangbin is not out of contact and is performing his duties normally. , the company's business operations are normal and there are no matters that should be disclosed but have not been disclosed.
Subsequently, the Shanghai Stock Exchange issued a regulatory work letter to Oriental Materials, urging the company to verify the situation on matters involved in market public opinion. The targets involved were listed companies, directors, supervisors, senior managers, controlling shareholders and actual controllers.
Oriental Materials was once a big bull stock in the A-share market, with its stock price rising from around 6.6 yuan/share to a maximum of over 46 yuan/share. The company's traditional main business is the ink business, but as the industry enters a mature stage, the business growth space has gradually hit the ceiling, and the revenue scale has remained at around 400 million yuan for many years. Later, the stock price fell back to around 10 yuan/share.
Oriental Materials wants to find a second growth curve through crossover. The most well-known among them is the planned acquisition of td tech last year.
In April last year, Oriental Materials suddenly announced that it planned to purchase its 51% stake in td tech from Nokia for a transaction consideration of 2.1 billion yuan. The transaction object was Nokia. The remaining 49% stake in td tech was held by Huawei, and all of it was held by Huawei. Directors of Huawei's core subsidiary TD Tech include Xu Zhijun, Deng Biao and other Huawei executives. However, the acquisition was strongly opposed by Huawei and was eventually terminated.
In May this year, Xu Guangbin was involved in overdue debts, litigation, arbitration, etc., with the total amount involved reaching approximately 900 million yuan. All the shares he held in the company were waiting to be frozen, which once again attracted market attention.
According to public information, in December 2020, Fan Jiaju, the original actual controller of Oriental Materials, transferred 29.9% of the equity of Oriental Materials to Xu Guangbin at a price of 763 million yuan, and Xu Guangbin became the actual controller of Oriental Materials.
The 2023 annual report shows that Xu Guangbin is currently the founder, chairman and president of Huayun Data Holdings Group, and the chairman and legal representative of Oriental Materials.
html On July 7, Oriental Materials announced again that due to the case of notarizing bond documents with Haitong Securities , the applicant for execution, the Wuxi Intermediate People's Court will dispose and auction the company's unrestricted tradable shares held by Xu Guangbin based on the execution ruling. 29.7825 million shares, accounting for 50.73% of its shares and 14.80% of the company's total share capital.The announcement shows that the Wuxi Intermediate People's Court will conduct a public auction of 29.7825 million unrestricted shares of the company held by Xu Guangbin in 6 batches from 10:00 every day to 10:00 the next day (excluding delays) from July 29. Conditionally tradable shares, 4.9638 million shares are auctioned every day.
html At 9 pm on July 29, the reporter logged into the Alibaba judicial auction network platform and saw that the first batch of 4.9638 million shares was being auctioned. There was 1 person who signed up and 2470 onlookers. The starting price was 44.006 million yuan and the current price was 4400.6 Ten thousand yuan. The
auction platform shows that the average closing price of the stock in the twenty trading days before the auction day is multiplied by the total number of shares in the auction and then multiplied by 0.85 to determine the starting price. The publicly announced price from the online auction of
to the start of the auction is the closing price of the stock to be auctioned on June 14, 2024, 12.24 yuan per share, multiplied by the total number of shares in the auction, multiplied by 0.85, and the total price is 51.6429 million yuan. The price is a display price, not the actual price. The auction deposit is 5 million yuan, and the price increase is 10,000 yuan.
According to the announcement issued by Oriental Materials on July 24, Xu Guangbin currently holds 58.707 million shares of the company, accounting for 29.17% of the company’s total share capital. Xu Guangbin’s cumulative number of frozen shares is 22.194 million shares, and the cumulative number of marked shares is 36.5125 million shares.
