The original controlling shareholder and actual controller were punished by the China Securities Regulatory Commission for suspected insider trading. After the delisting of the New Third Board, the original actual controller slowly transferred the equity, and most of the equity was transferred to the mother. The shareholders are customers again. This company is about to IPO. .
Recently, Capital State learned that CITIC Construction Investment Securities Co., Ltd. disclosed a summary report on the initial public offering of shares of VJC (Tianjin) Electronic Technology Co., Ltd. and its guidance for listing on the Science and Technology Innovation Board.
In accordance with the relevant provisions of the China Securities Regulatory Commission’s “Securities Issuance and Listing Sponsorship Business Management Measures”, China Securities and VJ Chuangxin (Tianjin) electronic Technology Co., Ltd. (hereinafter referred to as “VJ Chuangxin” or “counseling object”) On January 15, 2021, a counseling agreement was signed, and China Securities Securities served as the counseling agency for the counseling work of VJ Chuangxin’s initial public offering, and on January 21, 2021, it submitted counseling record registration materials to the Securities Regulatory Bureau.
As of the signing date of the report, China Securities Regulatory Commission has completed the company’s listing guidance work in accordance with the requirements of laws and regulations, and now it is applying to the China Securities Regulatory Bureau for listing guidance work for acceptance.
It is understood that VJC was listed on the NEEQ on December 3, 2015 and delisted on March 21, 2017.
Weijie Chuangxin is an integrated circuit design company focusing on the development, design, and sales of RF front-end chips. It mainly provides customers with RF power amplifier module products, as well as RF switch chips, Wi-Fi RF front-end modules and other integrated circuit products. It is widely used in various terminal products with wireless communication functions such as smart phones, tablet computers, wireless routers, and smart wearable devices. After more than 10 years of continuous design iteration and mass production verification, the tutor has mature 2G to 5G RF power amplifier module products, and has become one of the domestic high-quality suppliers in the field of smart phone RF front-end power amplifiers.
From 2018 to 2020, VJ Chuangxin products have been applied to smartphone brand companies such as Xiaomi, OPPO, and vivo, as well as leading ODM manufacturers such as Hixih, Longcheer, and Wingtech.
Capital State noted that the shareholders of Weijie Chuangxin are backed by Xiaomi, OPPO Mobile, VIVO (Vivo Mobile), Huawei (Hubble Investment) and so on. At the same time, investment shareholders are basically the company’s product customers.
In addition, it is worth noting that in October 2017, the Ningxia Securities Regulatory Bureau announced the administrative punishment decision on Gao Han and Luo Tianyu. Gao Han and Luo Tianyu were fined 600,000 yuan by the Securities Regulatory Bureau for insider trading in the “Nine-owned shares” of A shares. . It is worth noting that in this insider trading, Gao Han not only failed to make a profit, but also suffered a loss.
In the insider trading, the China Securities Regulatory Commission pointed out that Gao Han was the insider of the major asset restructuring of Shenzhen Jiuyou Co., Ltd. (referred to as Jiuyou Co., Ltd.). During the sensitive period of insider information, Gao Han and his spouse Luo Tianyu controlled the use of the accounts of “Liu Moulan” and “Zhang Moulin” to buy a total of 737,882 shares of “Jiuyou Shares” with no illegal gains (as of May 8, 2017, The total loss was RMB 206,529.65).
The above actions of Gao Han and Luo Tianyu violated the provisions of Article 73 and Article 76 of the Securities Law. According to Article 202 of the Securities Law, the Ningxia Securities Regulatory Bureau decided to order Gao Han and Luo Tianyu to deal with the illegally held 9 There were shares and a fine of 600,000 yuan was imposed.
Image source: China Securities Regulatory Commission
It is worth noting that since May 3, 2017, Gao Han has slowly transferred his equity.
On May 3, 2017, Gao Han transferred 221,400 shares to Guoke Dingxin;
On August 28, 2017, Gao Han transferred 283,500 shares to Noble Capital;
On September 20, 2017, Gao Han transferred 425,200 shares to Zhang Guoning and 425,200 shares to Noble Capital;
On October 20, 2017, Gao Han signed a transfer agreement with Rong Xiuli to transfer all of the company’s 15.870,600 shares held by him to his mother Rong Xiuli.
The first equity transfer when the company was still a limited liability company. In October 2010, Gao Han’s mother, Rong Xiuli, transferred all 66.67% of the equity he held to her daughter Gao Han, which made people curious. It was seven years later. , Why is the equity transferred back to the mother?
On April 30, 2019, VJC and GaintechCo. , Ltd jointly signed the “Capital Increase Agreement”, stipulating that the company’s new shares will be 19,098,400 shares, and all new shares will be subscribed by Gaintech.
Then, through a series of capital operations such as equity transfer, capital increase, and capital reserve transfer to increase shares, as of the signing date of the counseling announcement, Gaintech held 28.12% of the shares and Rongxiu held 14.80%.
Before the delisting, Gao Han was still the legal representative, controlling shareholder and actual controller of the company. After the delisting, through a series of equity transfers, the company had no controlling shareholder and the actual controllers became Rong Xiuli and Sun Yijun.
Image source: latest counseling announcement
The original actual controller was punished by the China Securities Regulatory Commission for suspected insider trading, and then Weijie Chuangxin chose to delist the new third board. Is the equity transfer paving the way for the IPO?
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