Looking back at the history of restructuring, Yayun Co., Ltd. disclosed this restructuring intention for the first time in April last year, disclosed the restructuring plan in May last year, and disclosed the second revised draft after making major adjustments to the plan in November last year. Since then, there has been no progress in this reorganization. In the meantime, Yayun shares have always said that "the company is further communicating and negotiating with the counterparty on the details of the transaction ... The audit and evaluation work involved in this exchange has not yet been completed."On the evening of December 9, Yayun shares announced the news of the proposed termination of major asset restructuring. The company originally planned to acquire 100% shares of Chengdu Eagle Smart Communication Technology Co., Ltd. (hereinafter referred to as "Eagle Smart Communication") and raise matching funds at the same time. If the transaction is successfully completed, Yayun shares will enter new business areas such as new energy exchange services.
After 2018, Yingming Zhitong changed its name to its current name after the listing of the New Third Board was terminated, and started the technical research and development and operation of the electric vehicle replacement mode. It is worth mentioning that Ying Zhitong once conducted counseling and filing in Sichuan Securities Regulatory Bureau in 2020. The proposed listing board is science and technology innovation board of Shanghai Stock Exchange, and the sponsor institution is Dongguan Securities. Counseling institutions have suggested that Eagle Smart Public Offering Project is still in the process of promotion, and its corporate governance system needs to be further improved, and both problems need to be solved.According to the data of enterprise investigation, there were some judicial disputes at the end of this year: Xiong Wen, one of its major shareholders, held some shares in Eagle Smart, and Chengdu Yingming New Energy Technology Co., Ltd., one of its subsidiaries, was listed as the executor.According to the introduction of the reorganization plan disclosed by Yayun Co., Ltd. in 2023, Yingming Zhitong is mainly engaged in the operation of power exchange network and the sales of new energy vehicles. After divesting the business segment of "automobile network electronic product sales and automobile aftermarket business" and retaining the business related to new energy and electricity exchange, Yingzhitong's total operating income in 2022 was 743 million yuan, its net profit was 86.236 million yuan, and its net assets by the end of 2022 were 669 million yuan. However, Yayun Co., Ltd. has not been able to disclose the evaluation value and transaction price of Eagle Smart.
In the past two years, the more active monthly share price trend of Yayun shares in the secondary market is related to restructuring. According to Wind's statistics, Yayun shares rose 29% in May last year, and Yayun shares released a restructuring plan that month. From September to October this year, Yayun shares rose by 26%, with an amplitude of 49%. During this period, the CSRC issued the Opinions on Deepening the Market Reform of Mergers and Acquisitions of Listed Companies.Planning for more than a year, the listed company announced that it intends to terminate major asset restructuring!In fact, Eagle Smart Communication is not the first time to make its debut in the capital market. Before 2018, the company was listed on the New Third Board market under the name of "Chengdu Yingming E-commerce Co., Ltd." and the short name of "Yingming E-commerce". At that time, it was mainly engaged in "internet plus Automobile Aftermarket" and had many platforms such as online operation platform No.11 store and online supply chain e-commerce platform 51 accessories.
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13