The hottest Newell shares of 2billion yuan were tr

2022-08-12
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What is the relationship between the transfer of Neway shares of 2billion yuan to the actual controller of Neway CNC and the listing of Neway CNC

China industrial economic information has studied the disclosed information and other public information of the company, and found that there are many doubts about its IPO. How does the transfer of Neway shares of 2billion yuan to the actual controller of Neway CNC relate to the listing of Neway CNC? As of press time, Newell CNC has not replied to the above matters

at the beginning of January, the IPO application of Newell CNC equipment (Suzhou) Co., Ltd. (hereinafter referred to as Newell CNC) for the science and innovation board has been accepted by the Shanghai Stock Exchange. By the beginning of March, Newell CNC's IPO had made no progress. China industrial economic information has studied the disclosed information and other public information of the company, and found that there are many doubts about its IPO. How does the transfer of Neway shares of 2billion yuan to the actual controller of Neway CNC relate to the listing of Neway CNC? As of press time, Newell CNC has not replied to the above matters

the transfer of Neway's 2billion shares is coming

on September 29, 2020, Suzhou Neway Valve Co., Ltd. (hereinafter referred to as Neway) encouraged enterprises to strengthen green production and issued the announcement of "shareholders' agreement to transfer part of their shares under the same actual controller". Tongtai Hong Kong, the major shareholder of Neway, and the controlling shareholder Neway group (collectively referred to as the transferor), together with Wang Baoqing, Lu Bin, Cheng Zhangwen Xi Chao (collectively referred to as the transferee) signed the share transfer agreement. A total of 151.4862 million non tradable shares of Neway shares were transferred, accounting for 20.20% of the total share capital of Neway shares. Specifically, due to the close relationship between the machine stability and the rigidity of the host and the rigidity of the sample during force control and deformation control, the total transaction price was RMB 1957.2 million. Among them, the total price paid by Wang Baoqing to Tongtai Hong Kong was 48978 million yuan; The total price paid by Lu Bin to Tongtai Hong Kong was 484.5 million yuan; The total price paid by Cheng Zhangwen to Neway group was 492.7 million yuan; The total price paid by Xi Chao to Tongtai Hong Kong was 382.31 million yuan, and the total price paid by Xi Chao to Neway group was 108.52 million yuan

we note that Wang Baoqing, Lu Bin, Cheng Zhangwen and Xi Chao are the joint controlling shareholders and actual controllers of Newell CNC. The four people hold 198million shares of the company, accounting for 80.94% of the total share capital of the company. Over the years, it has maintained a stable control structure over the company, and has held important positions in the company, including Cheng Zhangwen as the chairman of the company, Wang Baoqing as the general manager of the company, and Cheng Zhangwen and Xi Chao as the directors of the company

the market questioned that the above-mentioned equity transfer of 2billion yuan is closely related to the listing of Newell CNC

there are still pending litigation disputes

during the reporting period, Newell CNC had contract disputes with individual customers, among which Ningbo Huasheng Auto Parts Co., Ltd. filed a lawsuit because of the dispute over the embedded equipment procurement contract (contract amount of 20.68 million yuan) signed with the company in 2014, requiring the company and dealers to return the advance payment and interest of 7.8818 million yuan, and compensate 24.1313 million yuan for direct losses such as construction costs of construction projects The loss of available profits is 350million yuan; The application for freezing the deposits of the company and dealers was 200million yuan, and the actual freezing of the company's funds was about 19.0848 million yuan

China industrial economic information found that the case has not been heard yet. If the final judgment of the above case is adverse to the company, it may have an adverse impact on the business performance of Newell CNC

the chairman actually controls 24 companies

according to tianyancha data, Cheng Zhangwen, the chairman of Newell CNC, has a total of 21 job information, including 1 company as legal representative, 9 shareholders, 17 executives, and 23 actual control rights. We noticed that there were 439 risks around Cheng Zhangwen and 62 warnings

Shanghai Jingxian Enterprise Management Co., Ltd., which he served as a shareholder, is a dishonest company publicized by the Supreme People's court and listed as a restricted high consumption enterprise by the court; Newway industrial materials (Suzhou) Co., Ltd., a senior executive, was sued for contract disputes; Newell industrial materials (Dafeng) Co., Ltd., a senior executive, has been sued for labor disputes; Suzhou newway Valve Co., Ltd., a senior executive, has been sued for trademark infringement disputes...

the chairman of the board actually controls many companies, and there are also companies that violate rules. In this way, how can the interests of ordinary investors be guaranteed? Will there be any transfer of benefits? (source: Interconnection)

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