New PE disk, Ji Kai shares of stock listed companies ability to be observed-www.75zzz.com

The new PE offer shares of listed companies hailun Jikai Chahar capability to be hot column capital flows thousands of thousands of stocks the latest Rating Rating diagnosis simulation trading client Sina Level2:A shares Sina speed Kanpan finance client: making the most of the investors in the year of the monkey trainee reporter Zhou Yixue in Beijing on the first day of trading after the listing of three years the Ji Kai shares (002691.SZ) ushered in a new host. The evening of February 15th, Ji Kai shares disclosure announcement, the controlling shareholder of Huoerguosi Kincaid Venture Investment Company Limited (hereinafter referred to as "Kincaid venture") will transfer most of its holdings of shares, changes in equity, Jin Kai will start to lose control of the Ji Kai shares, Shenzhen zhuozhong d.f.g. investment partnership (under referred to as "zhuozhong d.f.g.") will become the new controlling shareholder. It is worth noting that the new offer zhuozhong d.f.g. is a PE, which said "do not rule out in the next twelve months, the main business of listed companies for a major adjustment". In fact, in the past one or two years, PE holdings of listed companies and capital investment case is not uncommon, wisdom (000676.SZ), Wang Lei shares (002647.SZ) is a classic. However, play a major role in the transformation of PE, leading listed companies looking for quality acquisition targets at the same time, the integration of mergers and acquisitions light capital practices has also been questioned. The new PE disk according to the announcement of disclosure, Jin Kai venture and d.f.g., JSC Tianjin fairsun Asset Management Limited (hereinafter referred to as "Ding Jie assets") signed a share transfer agreement. According to the agreement, Jin Kai will start its holdings of 58 million shares transferred to zhuozhong d.f.g., held 22 million of its shares transferred to fairsun assets. The transfer price is 26.5 yuan per share, which is about 10% of the premium of 23.76 yuan before the suspension, and the total value of the transfer is 2 billion 120 million yuan. Before the change of rights and interests, Kai Kai business holds 64.5% of the shares of the company, and after the change, the shareholding ratio dropped to 24.5%. Betesen up to 29% of the shareholding ratio to become the new controlling shareholder. Ding Jie assets ranked third largest shareholder by 11% shareholding ratio. Betesen d.f.g. from where? Public data shows, zhuozhong d.f.g. is a PE in Shenzhen, and was founded in January 5th of this year. The general partner of Shenzhen yuan metasequoia and Investment Limited (hereinafter referred to as "metasequoia and Yuan"), founded in March 24, 2015, by the end of 2015, total assets of 1 million 537 thousand yuan, net assets of 737 thousand yuan. "The future, do not exclude the use of listed companies platform, the integration of high-quality assets, enhance the profitability of listed companies, enhance the value of listed companies." Betesen d.f.g. said that within the next December will not rule out to the transferee of shares of listed companies at the right time. "At the moment, we don’t know whether Jin Kai will continue to reduce it." Ji Kai shares staff told the twenty-first Century economic report reporter. "Although zhuozhong d.f.g. has become the first major shareholders, the shareholding ratio is 29%, and the business of Kincaid

新生PE接盘冀凯股份 操盘上市公司能力待察 热点栏目 资金流向 千股千评 个股诊断 最新评级 模拟交易 客户端 新浪财经Level2:A股极速看盘 新浪财经客户端:最赚钱的投资者都在用   见习记者 周伊雪 北京报道   猴年第一个交易日刚过,上市三年的冀凯股份(002691.SZ)迎来了新主人。   2月15日晚间,冀凯股份发布公告披露,其控股股东霍尔果斯金凯创业投资有限公司(下简称“金凯创业”)将转让其所持有的大部分股份,在权益变动后,金凯创业将失去对冀凯股份的控制权,深圳卓众达富投资合伙企业(下简称“卓众达富”)将成为新任控股股东。   值得注意的是,新的接盘方卓众达富是一家PE,且其表示“不排除在未来十二个月内对上市公司主营业务进行重大调整”。   事实上,近一两年来,PE控股上市公司并进行资本运作的案例并不鲜见,智度投资(000676.SZ)、宏磊股份(002647.SZ)均是个中经典。不过,PE在主导上市公司转型、寻找优质并购标的上发挥重大作用的同时,其重并购轻整合的资本手法也受到质疑。   新生PE接盘   据有关公告披露,金凯创业与卓众达富、天津鼎杰资产管理有限公司(以下简称“鼎杰资产”)分别签署股份转让协议。根据协议,金凯创业将其持有的5800万股股份转让给卓众达富、将其持有的2200万股股份转让给鼎杰资产。转让价格为每股26.5元,较停牌前23.76元的股价溢价约10%,转让总价款为21.2亿元。   此次权益变动前,金凯创业持有冀凯股份64.5%的股权,而变动后,持股比例降至24.5%。卓众达富以29%的持股比成为新任控股股东。鼎杰资产以11%的持股比位列第三大股东。   卓众达富出自何方?   公开资料显示,卓众达富是一家位于深圳的PE,且刚刚成立于今年1月5日。其普通合伙人为深圳水杉元和投资有限公司(下简称“水杉元和”),成立于2015年3月24日,截至2015年底,总资产为153.7万元,净资产为73.7万元。   “未来,不排除借助上市公司平台,整合优质资产,增强上市公司的盈利能力,提升上市公司价值。”卓众达富表示,未来十二月内将不排除在合适时机继续受让上市公司股份。   “目前,我们还不清楚(金凯创业)是否会继续减持。” 冀凯股份工作人员告诉21世纪经济报道记者。   “虽然卓众达富现已成为第一大股东,但持股比为29%,与金凯创业的24.5%很接近,这有可能会引发股权争斗的问题,成为公司治理的不稳定因素。” 北京一位私募基金人士向21世纪经济报道记者分析认为。   事实上,整个2015年,冀凯股份的转型重组需求都较为迫切。   2014年年报显示,公司的营业收入较上年减少6.45%,归属于上市公司股东的净利润较上年减少9.99%。   “2014年煤炭市场供大于求矛盾突出,煤炭企业经营压力加大,整个煤炭行业运行形势严峻。受其影响,致使我公司销售收入较去年同期有所下滑。”冀凯股份董事会报告中如此分析。   2015年2月中旬,冀凯股份便开始停牌筹划重大资产重组事项,然而三个月后,因交易双方无法就部分条款达成一致而终止重组。到2015年12月份,公司再次停牌筹划重大事项,而此次“成功”引入了PE作为控股股东。   “PE的优势是触角多,往往能够找到高估值资产,或者有投一些项目,高估值资产装入上市公司有助于提高公司市值。”一位国资券商人士分析。   PE操盘隐忧   “近两年,PE买壳、操盘上市公司的资本运作慢慢多起来了。”前述私募人士表示,但PE对于上市公司的运作也依然遭受到来自于市场对其特殊身份的质疑。   智度投资的经历便有前车之鉴。   2015年初,智度投资(其时名为思达高科)第一大股东正弘置业将其股份转让给智度德普,后者为一家注册地在西藏的PE,其表示取得控股权之后,将向上市公司注入优质TMT资产。类似的还有,2016年初,新任宏磊股份的控股股东柚子资产也是一家PE,同样承诺,“将整合优质资产,增强上市公司盈利能力”。   “上市公司有做市值管理的需求,这正好是PE所擅长的。不过也得看PE的资本运作水平如何,如果水平较高,市值翻几十倍也是有可能的。如果水平一般,那么PE也有可能亏损。”前述私募人士指出。   业内人士认为,PE机构控股上市公司,通常都会遵循先资本运作实现股价增值而后高位套现的“套路”,其中可能会出现一些急功近利的做法。   在智度德普成为智度投资的控股股东之后,旋即拿出了一份复杂的资产重组方案,拟收购包括一家海外公司在内的4家公司。方案披露之后,接连收到了深交所的重组问询函以及证监会的两次反馈意见通知书。   最终,智度投资的重组方案未获通过,证监会的否决意见中指出,“未能充分披露募投项目实施的可行性,未能充分披露整合后的上市公司治理架构安排及公司持续经营的风险。”   接近此次重组方案的人士告诉记者,“监管层否决这个方案,部分原因可能是出于对控股股东(PE)背景的审慎,之后智度投资应该会对重组方案进行修改,不排除减少并购标的,或者调整募投项目等。”   目前,智度投资表示,仍将继续推动此次重大资产重组事项。   (编辑:罗诺,邮箱:robin_166@@163) 进入【新浪财经股吧】讨论相关的主题文章: