Prince Milk 40%of the equity flow after shooting again: 5.6%off the big shareholder's three yuan shares, the transaction price is 70 million

Author:Red Star News Time:2022.08.07

At 10 am on August 7th, Sanyuan (600429.SH) shot 70.54 million yuan to win Xinhua Lian Holdings Co., Ltd. (hereinafter referred to as "Xinhua Lian Holdings") Hunan Prince Milk Group Biotechnology Co., Ltd. 40%of the equity of "Prince Milk") for short.

↑ Picture according to visual China

On August 6, the Sanyuan Co., Ltd. announced that the Beijing Third Intermediate People's Court will conduct a second public auction of 40%of the equity of Prince Milk held by Xinhua Union. Auction and exercise priority to purchase. It is understood that Sanyuan has a 60%stake in Prince Milk.

On the same day, Sanyuan issued a 40%equity asset evaluation report for Prince Milk. According to the Abstract, the market value of 40 % of the shares held by Xinhua Lian Holdings on December 31, 2021, on December 31, 2021 was 125 million yuan. The transaction price (that is, the starting price) is equivalent to evaluating a 50 % discount on the market value.

↑ The second public auction of Prince Milk 40%equity (pictured Ali judicial auction)

It is worth noting that when Prince Milk's 40%equity was auctioned for the first time, Sanyuan shares announced that they had given up the right to purchase priority and did not participate in the auction.

At that time, the starting price was 87.5676 million yuan, and the market value that had been evaluated was 137.528 million yuan less than 125 million yuan, which was equivalent to 50 % off. However, the auction was hung on the Ali judicial auction platform for 1 day, and finally shot because no one participated.

↑ Prince Milk 40%equity first public auction (pictured Ali judicial auction)

This time is the second public auction of Prince Milk's 40%equity. The starting price is 70%off 70.54 million yuan, and the only three yuan shares are registered.

For the reasons for the auction, Sanyuan said that it was a comprehensive consideration of the future development of Hunan Prince Milk. On the impact of the successful auction, the Sanyuan shares said that the pricing department of this auction was based on the evaluation value, and the pricing was fair. There was no case that harmed the legitimate rights and interests of the company's shareholders, especially the small and medium shareholders. This transaction will not have a significant adverse effect on the company's financial conditions.

Behind Xinhualian Holdings two auction equity, it may be difficult to protect. Recently, Xinhualian Holdings was applied for bankruptcy and reorganization from the court. Prior to this, Xinhualian Holdings has undergone judicial frozen and unlimited sales stocks.

The Hongxing Capital Bureau called the Sanyuan Shares to consult his plan for the subsequent development of the prince, and no one answered the Sanyuan shares for the time being.

According to the announcement, Prince Milk's net losses were 58.993 million yuan in 2021, and the net loss was 4.262 million yuan in the first quarter of 2022.