According to the Shenzhen Securities Regulatory Bureau, in the private equity fund business activities of Shenzhen Shengshijing Investment, 10 billion private equity funds, there are situations where individual private equity fund products fail to go through the filing procedures with the China Securities Investment Fund Industry Association (hereinafter referred to as the Association) after the completion of the fundraising. In accordance with relevant regulations, the company and its legal representative were issued a warning letter. In addition, Huzhou State Premium Equity Investment also received a warning letter because the reduction price was lower than the issue price after ex-rights.
Ten billion private equity Sheng Shijing Investment received a warning letter for not filing individual products
On June 8, the Shenzhen Securities Regulatory Bureau announced that Shenzhen Shengshijing Investment did not go through the filing formalities with the association after the completion of the fundraising of some private equity fund products in its private equity fund business activities, which violated relevant regulations and was taken by the Shenzhen Securities Regulatory Bureau. Administrative supervision measures for issuing warning letters.
In addition, Ning Xinjiang served as Sheng Shijing's legal representative and executive director, and was responsible for Sheng Shijing's above-mentioned violations. Shenzhen Securities Regulatory Bureau decided to take administrative supervision measures against Ning Xinjiang by issuing a warning letter.
According to the information of the association, Shenzhen Shengshijing Investment was registered in 2015, and the company scale is more than 10 billion yuan. The reporter noticed that the legal representative of Sheng Shijing is Ning Xinjiang, while the actual controllers are Wu Minwen and Ning Xinjiang. However, it is worth noting that the information from Qixinbao shows that the actual controller of Shenzhen Shengshijing Investment is Wu Minwen, and the two announcements are inconsistent. After equity penetration, it can be found that Wu Minwen holds a 38.86% stake in Shenzhen Shengshijing Investment.
According to the profile information on the official website of Shengshijing Investment, the chairman of the company, Wu Minwen, has a rich resume. From 1993 to 1998, he successively worked in the Financial Management Department and the Non-bank Financial Institution Department of the Head Office of the People's Bank of China, and has been engaged in financial and securities market access and supervision for a long time. ; From 1998 to 2001, he worked in the Fund Supervision Department of the China Securities Regulatory Commission, responsible for fund market supervision and other work; from June 2001 to September 2005, he worked in Century Securities; in September 2006, he founded Shengshijing.
As for the warning letter received this time because individual products were not filed, the reporter tried to contact Shengshijing Investment through the phone number announced on the company's official website, but the phone was never connected.
Ma Cheng, chairman of Shenzhen Juze Investment, told reporters in WeChat today that private equity institutions have grown rapidly in recent years, and their proportion in my country's asset management is also increasing rapidly. Investors are also increasingly aware of private equity institutions and subscription related Private equity products. Therefore, the supervision of the compliance operation of private equity institutions by the regulatory authorities should also become more and more strict. When a private equity institution is issued a warning letter, it will inevitably affect investors' trust in the compliant operation of private equity, which in turn affects the issuance and raising of new products.
Huzhou State was issued a warning letter to reduce its holdings below the issue price
On June 7, the Zhejiang Securities Regulatory Bureau also issued a warning letter to a private equity institution, mainly because the private equity fund reduced its holdings in violation of regulations. Judging from the content of the notice, Huzhou Liyi Equity Investment Center (Limited Partnership), as a shareholder of Zhejiang Jinsheng New Materials (300849) Material Co., Ltd. holding more than 5% of the shares, will reduce its holdings of the company's shares by 3 million through a block transaction on May 16, 2022. Shares, the average reduction price is 8.88 yuan / share, and the transaction amount is 26.64 million yuan. The initial public offering price of the company's stock is 13.99 yuan per share. After the company's equity distribution in June 2021, the issue price after ex-rights and ex-dividends is 9.16 yuan per share.
The reduction price is lower than the issue price after ex-rights and ex-dividend, which violates the company's public commitment during the IPO.
Huzhou Liyi’s above-mentioned reduction of holdings violated relevant regulations. Zhejiang Securities Regulatory Bureau decided to take supervision and management measures to issue a warning letter to Huzhou Liyi, and record it in the integrity file of the securities and futures market.
Jinsheng New Materials (SZ300849, closing price of 11.51 yuan, market value of 1.727 billion yuan) data shows that Shanghai Liyi Equity Investment Center (Limited Partnership) holds 28.125 million shares of Jinsheng New Materials in circulation, accounting for 32.25% of the outstanding shares. According to Qixinbao data, Shanghai Liyi Equity Investment Center (Limited Partnership) changed its name from the previous Shanghai Liyi Equity Investment Center (Limited Partnership) to Hu Liyi Equity Investment on September 30, 2021. Center (Limited Partnership) (hereinafter referred to as Huzhou Yiyi).
Qixinbao data also shows that the executive partner of Huzhou Liyi Equity Investment Center is Shanghai Ligong Equity Investment Management Center (Limited Partnership) (hereinafter referred to as Shanghai Ligong Equity Investment), and Hu Liyi’s LP has a total of two natural persons, both of whom are natural persons. As a partner of the manager, the subscription scale is 160 million yuan. Among them, Li Jin invested 96 million to hold 60% of Huzhou Liyi, Chen Zhiying invested 62.4 million to hold 39% of Hu Liyi, and Shanghai Ligong Equity Investment invested 1.6 million to hold 1% of Hu Liyi.
Association information shows that the actual controller of Shanghai Ligong Equity Investment is Chen Zhiying, who holds 90% of the equity, while Li Jin holds 10% of the equity. Shanghai Ligong Equity Investment has filed a total of 6 private equity products in the association. It is worth noting that from the perspective of Chen Zhiying's resume, he served as the general manager of the management department of Shanghai Kefeng Technology Venture Capital Co., Ltd. from November 2002 to December 2010, and Shanghai Kefeng Technology Venture Capital is currently the fifth of Jinsheng New Materials. major shareholder.
