After Zhao Wei's "out", Wanjia culture changed owners with nearly "50% discount".

on Aug. 7, Wanjia Culture announced that the actual controller of the company had changed. The company owned by Zhejiang tycoon Yu Faxiang acquired a 29.72% stake in Wanjia Culture at a cost of 1.674 billion yuan, and Yu Faxiang also became the actual controller of the listed company.

the attempt of film and television star Zhao Wei to take a stake in Wanjia Culture came to nothing under the attention of regulators. However, this failed to affect the exit rhythm of Kong Deyong, the real controller of Wanjia culture.

on August 7, Wanjia Culture announced that the actual controller of the company had changed. The company owned by Zhejiang tycoon Yu Faxiang acquired a 29.72% stake in Wanjia Culture at a cost of 1.674 billion yuan, and Yu Faxiang also became the actual controller of the listed company.

the price of this transaction is 50% lower than when Zhao Wei acquired it at the end of last year. In addition, Wanjia Culture is being investigated by the Securities Regulatory Commission on suspicion of violating securities laws and regulations, and faces the risk of delisting.

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before the transaction, Wanjia Group held 29.72% of Wanjia Culture and was the controlling shareholder of Wanjia Culture. After the completion of the transaction, Xiangyuan Holdings became the controlling shareholder of Wanjia Culture. Yu Faxiang, who holds 82.66% of Xiangyuan Holdings, will also become the actual controller of the listed company.

benefiting from the news, the share prices of Wanjia Culture rose by the limit on the first day of the resumption of trading on August 7. As of the close, it was at 10.35 yuan, up 9.99%.

this transaction can be called "efficient": industrial and commercial information shows that Wanjia Group has gone through the formalities of equity change on August 2, the shareholder change has also been completed, and its current legal representative is Chen Yawen.

unlike Zhao Wei's previous direct acquisition of Wanjia Culture shares, the Wanjia Group in this transaction also has assets including Zhejiang Wanhao Wanjia Mining Investment Co., Ltd., Zhejiang Kitchen Brewing Co., Ltd., and holds part of Hongxing Meikailong Furniture Group Co., Ltd.

Wanjia Culture did not announce the assets of Wanjia Group in this transaction, only indicating that the transaction price was negotiated and determined by both parties.

at the end of last year, when Zhao Wei planned to transfer 29.72% of Wanjia Culture's equity and control a listed company, she had to pay a price of 3.1 billion yuan. Only about nine months later, the trading price of this part of Wanjia cultural control shares nearly halved.

not only that, the transaction price is also lower than Wanjia Culture's pre-suspension and current "value". Public data show that Wanjiawu's share price was 9.41 yuan before trading was suspended on July 29, and its 29.72 percent stake has a market capitalization of about 1.8 billion yuan. On August 7, Wanjia Culture resumed trading by the daily limit to close at 10.35 yuan per share. At this price, the market value of its 29.72% equity is 2 billion yuan.

correspondingly, the share price of Wanjia Culture has also fallen by nearly half compared with when Zhao Wei was planning the acquisition. At the end of December, when Zhao Wei announced the acquisition of WanjiaCulture, the company's share price was 18.38 yuan; from January 17 this year to the last suspension, WanjiaCulture's shares fell about 61%.

< strong > listed companies are still under investigation. < / strong >

on February 27th this year, Wanjia Culture announced that it had received notification from the China Securities Regulatory Commission that it had decided to file an investigation against the company because it was suspected of violating securities laws and regulations.

Wanjia Culture said at that time that if the matter involved fraudulent issuance or major information disclosure violations, the company's shares would be delisted risk warning.

before the case was put on file for investigation, Wanjia Culture became the focus of attention because of Zhao Wei's leveraged buyout.

on December 26, 2016, Wanjia Culture announced that Wanjia Group, the largest shareholder, plans to transfer its 185 million tradable shares to Xizang Longwei Media, which is 95% owned by Zhao Wei, with a transaction price of 3.06 billion yuan. After the completion of the transaction, Zhao Wei will become the actual controller of the listed company.

under questioning by regulators, Wanjia Culture disclosed that only 60 million of Zhao Wei's acquisition of equity in listed companies was shareholder-owned funds, and the rest came from Wanjia Culture Stock Mortgage financing, or from third-party loans.

amid doubts from all sides, long Wei Media said that the bank refused to pledge loans and the deal could not be concluded. Subsequently, Wanjia Group and Longwei Media changed the trading plan, reducing the trading shares to 32 million shares and the total transfer price to 529 million yuan.

on April 1 this year, in view of the "changes in the objective situation of share transfer", this part of the equity transfer agreement was also rescinded by both parties. At this point, the "fate" between Zhao Wei and Wanjia culture has come to an end.

so far, the reporter has not yet found public information to disclose the results of the CSRC's investigation into Wanjia Culture.

in the previous announcement on the filing investigation, Wanjia Culture suggested that if the company files the investigation matter and touches the illegal situation of fraudulent issuance or major information disclosure, the stock will be delisted risk warning, and the company is at risk of delisting.

Edit: xiongwei