Listed companies have lost contact for more than a month!Looking for Zhang Xiugen: ST dawn said that he still couldn't get contact

ST Shuguang (600303.SH) has recently received a regulatory work letter from the Shanghai Stock Exchange because of actual controller, which has attracted great attention inside and outside the industry. The Shanghai Stock Exchange requires ST dawn to verify the specific reasons that cannot be contacted with the actual controller Zhang Xiugen as soon as possible, as well as Zhang Xiugen's current specific situation.

On the evening of September 19, ST dawn released the "Announcement on the Progress that the actual controller could not contact and the postponed regulatory work letter could not be connected."

The announcement shows that the controlling shareholder Huatai Automobile (ST Shuguang controlled shareholder, holding 19.77%of the shares) was sent to the controlling shareholder. Huatai Automobile's reply letter said: The group headquarters and the operation of the beginning of the year have not changed much. Miao Xiaolong (the legal representative of Huatai Automobile, holding 1%of Huatai Automobile's equity) can be connected normally. It is reported that Zhang Xiugen, the actual controller of the group company (holding 99%of Huatai Automobile, and the actual controller), is not very good, and the company is trying to contact their families to verify. After self -examination and verification, there is no leak of information about Zhang Xiugen's loss of related information.

ST Shuguang said that in view of Huatai Motors did not provide any evidence that can support the states of the actual controller, ST Shuguang Director Palace, Xu Haidong, Zhao Hang, Xu Zhihua, Zhang Fangqing, Wu Manping, Yu Yongda; Supervisor Zhang Yucheng, Gao Guanghai, Gao Gao and Gao Guan Fengxiaojun, Ma Haoqi, Hao Xiaojun, Wu Yongliang, and Xie Wei cannot confirm the authenticity of the information provided by the controlling shareholder Huatai.

In other words, after ST Shuguang's actual controller Zhang Xiugen lost contact for more than a month, ST Shuguang and his controlling shareholder Huatai Automobile still cannot contact him. On September 13 this year, ST Shuguang announced that since mid -August 2022, the company cannot get in touch with the actual controller Zhang Xiugen, but communicates with the controlling shareholder Huatai Automobile.

ST Shuguang also said that he communicated with director Zhang Hongliang (son of Zhang Xiugen) on the specific situation of the actual controller. However, Zhang Hongliang replied that the specific situation of the actual controller was based on the reply from Huatai Automobile. ST Shuguang said that in view of the failure to verify the relevant situation, Huatai Automobile did not provide relevant evidence. ST Shuguang will further verify the specific situation that the actual controller, Mr. Zhang Xiugen, can be further verified.

The actual controller of listed companies lost contact, and it is rare in the industry. What's even more bizarre is that during the period of loss of the actual controller, ST Shuguang's stock price rose continuously. According to the data, the cumulative increase of 124.93%from August 12, 2022 to September 14, 2022 (ST Shuguang and September 15), with a cumulative increase of 124.93%, of which the daily limit of 19 trading days.

In this regard, the Shanghai Stock Exchange requested ST dawn to self -check in the supervision letter. Since August 12, the cumulative increase in the stock price has significantly higher than the overall market level of the same period.

Regarding the continuous rise in the stock price, the relevant person in charge of Shuguang's shares told the reporter of the Economic Observation Network that the company noticed that there were some rumors about Xiaomi and Ganfeng Lithium in the recent market that may hold ST Shuguang, and the relevant rumors were not real. It is confirmed by the company's board that the company has never had any form of contact with Xiaomi. Regarding Ganfeng Lithium Industry, the current signing of a strategic cooperation agreement between the two parties is to achieve upstream and downstream supply relationships, and Shuguang's lithium battery partners include Ningde, BYD and Sangton and many other battery manufacturers. It is recommended that the market should not over -interpret it. The company does not rule out the possibility of a institutional tour to take the opportunity to speculate on the stock price and profit from it.

According to the data, ST Shuguang's main business includes three major sections: light vehicle business, commercial vehicle business, and bridge. Zhang Xiugen is the actual controller of ST dawn. At the same time, Zhang Xiugen is also the actual controller of Huatai Automobile, holding 99%of Huatai Automobile. Huatai Automobile is the controlling shareholder of ST Shuguang. In September 2018, Zhang Xiugen obtained 19.77%of Shuguang's shares through the Huatai Automobile Agreement.

However, as Huatai Automobile falls into the operating dilemma, Zhang Xiugen will be auctioned through the ST Shuguang shares held by Huatai Automobile. On September 4, ST Shuguang announced that Huatai Automobile held a company's 97895000 unlimited sales shares (14.49%of the company's shares) will be auctioned to settle debts. The time is scheduled to start on October 10, 2022, and it is carried out on JD.com. The relevant person in charge of the above Shuguang shares told the reporter of the Economic Observation Network that the company's actual controller has an uncertainty on the impact of equity auction results.

In addition, on May 6 this year, Shuguang's shares were implemented by other risk warning plus hats. The reason was that the board of directors and small and medium shareholders had different divergence on the company's development, and the two parties had a severe pull.

The information of the Tianyancha platform shows that Zhang Xiugen has been listed by the court as a dishonesty and an executive person. He was forced to be enforced by the court for failing to perform its legal obligations and was forced to perform legal obligations on time.

ST Shuguang said that the company is currently independently understood the specific reasons and start time of the company's actual controller Mr. Zhang Xiugen, and the corresponding evidence.

Source: Economic Observer

Edit: Liu Dan

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