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UnionPay Business "Slimming" Continues to Transfer 100% Equity of UnionPay Electronic Payment

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2022-07-08 10:00:27

China Net Finance July 8 (Reporter An Ran Zhu Ling) A few days ago, the Shanghai United Assets and Equity Exchange disclosed that UnionPay Commerce Co., Ltd. (hereinafter referred to as "UnionPay Commerce") publicly listed and transferred its third-party payment institution Shanghai UnionPay Electronic Payment Service Co., Ltd. The company (referred to as "UnionPay Electronic Payment") has 100% equity, and the target price is 555.35 million yuan.

In response to the above-mentioned equity listing, UnionPay Business responded to a reporter from China.com.cn that the move was aimed at responding to the regulatory requirements and spirit of the "Regulations on Non-Bank Payment Institutions (Draft for Comment)", further focusing on the main business, and actively integrating its financial holding subsidiaries. .

According to the "Regulations on Non-Bank Payment Institutions (Draft for Comment)", the same actual controller shall not control two or more non-bank payment institutions.Wang Pengbo, a senior analyst at Broadcom Consulting, said in an interview with China.com.cn that although it has not been officially promulgated, from the perspective of compliance, UnionPay Commerce must take precautions and respond to regulatory requirements. The more voice you have, the more points you can score in compliance.

It is worth mentioning that UnionPay Electronic Payment was publicly listed at the beginning of this year. At that time, it was determined that the proportion of equity transferred was 90.1%, and the transfer price was 500.37 million yuan.China Net Finance reporter contacted for an interview on "why adjust the transfer ratio". UnionPay Business responded that the adjustment of the equity transfer strategy was mainly taking into account the market demand.

Since last year, 4 payment licenses under UnionPay Commerce have been publicly listed for transfer.Previously, UnionPay Commerce publicly listed and sold 51% equity of Shenzhen Shenzhen UnionPay E-Services Financial Services Co., Ltd., 55% equity of Ningbo UnionPay Commerce Co., Ltd., and 60% equity of Beijing Digital Wangfujing Technology Co., Ltd. The transfer prices were 86.7641 million yuan and 6059.35 yuan respectively. 10,000 yuan and 109.2 million yuan.

If all the above-mentioned shares can be transferred successfully, UnionPay Commerce is expected to receive a total of nearly 900 million yuan in transfer payments from four payment subsidiaries.In response to the progress of the above-mentioned equity transfers, UnionPay Business responded to the China Net Finance reporter that under the guidance of regulatory agencies and the strong support of all parties in the industry, various integration work is progressing in an orderly manner.

According to the statistics of China Net Finance reporter, there are 7 non-bank payment institutions in which UnionPay Business holds more than 10% of the shares.In addition to the above 4, it also includes Guangzhou UnionPay Network Payment Co., Ltd., Beijing UnionPay Commerce Co., Ltd., Yingutong Information Technology Co., Ltd., and China Gold Payment Co., Ltd.

"Combining with the progress of the integration work, the company will start the integration and disposal of other financial holding subsidiaries in due course." UnionPay Business also told China Net Finance reporter.

(Editor in charge: Hua Qingjian)

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