Shares of the same party: The company is considering the future transfer of the shares of affiliated companies

Absrtact: Recently, organized by Shanghai Stock Exchange, I was a shareholder of small investors into the listed company activities in Tsinghua Tongfang Science and Technology square. Shares of the same party (600100). SH) Chairman Lu Jiaocheng introduced, the company is considering the future transfer of the shares of subordinate companies,

Recently, organized by the Shanghai Stock Exchange, "I am a shareholder--small and medium-sized investors into the listed companies" activities in Tsinghua Tongfang Science and Technology Square held. Shares of the same party (600100). SH) Chairman Lu Jiaocheng introduced, the company is considering the future of the subordinate company equity transfer, the introduction of strategic investors to the subsidiary market value bigger.

Lu Jiaocheng said that the shares currently have about 200 subsidiaries, although many subsidiaries have a large market space, but these companies need to be further strengthened. In an exchange with investors, he said he is currently considering a strong subsidiary by selling its subsidiaries.

October 14 Night, Tellhow technology (600590. SH) issued a notice that the proposed price of 7.56 yuan/share, the private issue does not exceed 145.5 million shares, the total amount of funds raised not more than 1.1 billion yuan. According to the plan, the company's second largest shareholder, the group subscribed to the number of 39.68 million shares, but the first major shareholder shares in the same party gave up the subscription. As a result, the proportion of the company's direct holdings will rise to 20.74%, becoming the company's largest shareholder, and the proportion of the group and its actual controller, Huang Daifang, will rise to 21.05% per cent and the share of shares held by the same party will fall to 16.01%, Become the second largest shareholder.

"The shares are not without funds to participate in the issue of additional, we from the largest shareholder into the second largest shareholder, is to sell equity, do strong tellhow consideration." "For the shares of the same party lost the position of the first major shareholder of Tai Hao Technology, Lu Jiaocheng said that the shares of the company's subsidiaries in some of the good industry to release shares, is to do in this one or two years."

Prior to that, shares of the same party's subsidiaries were sold in the case of a split listing. For example, the listed companies have the same side of the national core (002049. SZ), with Fontaide (01206. HK) and so on, in the spin-off after the listing to achieve a good development. Lu Jiaocheng said that future shares will also be split along the road, under such a mechanism, although the opportunity cost of spin-off will be high, but this is also important for the future development of the industry.

For the current market value of the shares of the same party, Lu Jiaocheng that at present, the shares of the company with the current variable market capitalisation of about 12 billion, fixed property about 10 billion, plus some other places such as development, all add up to about 30 billion of the assets, but the company's valuation should be more reasonable in about 50 billion.

Talking about the future, Lu Jiaocheng said, the company will focus on the development of autonomous control, intelligent city, mobile Internet, security, energy conservation and environmental protection and other fields. In accordance with the "results of incubation, industrial incubation and enterprise incubation" development model, hoping to let more subsidiaries become listed enterprises. "Take the capital as the platform, impels the enterprise to be bigger and stronger and moves toward the international." ”

At present, with Fang Wei as the global market share of large security equipment as the first, the same side of the network has become the world's largest continuous dynamic update of the Chinese academic journals Full-text database, the same side of the industry in the internationalization of the road has taken a solid pace. In the future, with the introduction of strategic investors, improve the mechanism of employee shareholding, the same side of High-quality subsidiaries will be better developed.

"We did not think so before, but in the future some companies we only hold 30% of the equity, the introduction of strategic investors to promote market capitalisation, but also to improve the return of listed companies." "Lu Jiaocheng said.