Bandung Optoelectronics shares resumed trading today, opening at 40.03 yuan. As of 09:30, the stock rose 19.99 percent to 40.03 yuan per share, blocking the limit.
On August 31, Bandung Optoelectronics issued a notice on the suspension of trading on major matters, saying that the company had received notification from Ms. Xu Mengfei and Mr. Xu Quanhai, the controlling shareholder and the actual controller, that it was planning major matters related to the control of the company. In order to protect the interests of investors and avoid abnormal fluctuations in the company's share price, trading in the company's shares has been suspended since the morning of Wednesday, September 1, 2021.
The former senior executive of the department of Fang University became the actual controller.
On September 7, Bandung Optoelectronics disclosed that Xu Mengfei, the company's controlling shareholder and one of the actual controllers, planned to transfer his 20% stake in the company to Qianquan Technology and Lianmin Investment and small Copper, a concerted actor in Lei Jianguo. The transfer unit price is 33.5208558 yuan per share, and the total share transfer price is 460 million yuan. At the same time, the company plans to raise an additional 450 million yuan from Lei Jianguo with 23.98 yuan per share to supplement working capital.
After all the above matters are completed, Lei Jianguo is expected to control 38.43% of the voting shares of the listed company directly, indirectly and through the Voting entrustment and concerted Action Agreement, and the controlling shareholder and actual controller of the company will be changed to Lei Jianguo.
It is worth noting that Lei Jianguo is a former senior executive of the Fang University Department. Since 2007, Lei Jianguo has served as vice president and chief investment officer of Liaoning Fangda Group Industrial Co., Ltd., and vice chairman of Fangda Special Steel Co., Ltd.
On September 6, Lei Jianguo just submitted his written resignation to Fangda Special Steel, resigning as vice chairman of the company's seventh board of directors, and then quickly joined Bandung Optoelectronics.
"Super Niusan" paid small copper to participate in it.
In this transfer, Fu Xiaotong, which has more abundant industrial assets than Lei Shengguo, also attracted particular attention. Behind Fu Xiaotong is the private enterprise Qin Coal Group, which can be called the most cattle capital family in Shaanxi. Fu Xiaotong, who frequently appears in the capital market, is also known by the market as "Super Shaanxi Niusan".
As early as the third quarter of 2020, Fu Xiaotong was already on the list of the top 10 shareholders of Bandung Optoelectronics, and it sold more than 50 million yuan. Xinjin became the third largest tradable shareholder of the company, and then jumped to the top of the list at the end of 2020.
In recent years, relying on the ability of continuous innovation and new business development, Bandung Optoelectronics has carried out business layout in many fields, and the business has developed rapidly. The company has become the leading domestic radio and television network equipment and data communication system overall solution provider, the products cover the global radio and television network mainstream technical solutions.
Industry insiders pointed out that dismantling this operation includes two parts: equity transfer and the introduction of investors.
In this way, it can not only avoid the restriction of one-time large-scale equity transfer, realize the withdrawal of the original controller, but also introduce funds for listed companies, improve the financial strength of Bandung Optoelectronics, and provide financial guarantee for the further development of the company.