3.4 billion "breakup fees"! A-shares reproduce sky high divorce case, Tang Zhuang | Company | A-shares
On the evening of June 20th, Zhuo Shengwei announced that the company had recently received a notice from one of its actual controllers, TANG ZHUANG. After friendly negotiations with YI GEBING, they have terminated their marital relationship and made relevant arrangements for the division of divorce property.
According to the Divorce Property Division Agreement signed between Tang Zhuang and Yi Gebing, Tang Zhuang transferred his 32.7575 million shares of the company to Yi Gebing. After this equity change, Tang Zhuang holds 8.1618 million shares of the company, accounting for 1.53% of the total share capital, and is no longer a shareholder holding more than 5% of the company's shares. Yi Gebing holds approximately 32.7575 million shares of the company, accounting for 6.14% of the total share capital and holding more than 5% of the company's shares.
As of the close on June 20th, Zhuosheng Micro closed at 104.12 yuan, up 1.22%, with a total market value of 55.58 billion yuan. If calculated based on the 20 day stock price, Tang Zhuang transferred a total of 3.41 billion yuan worth of shares to Yi Gebing this time.
According to public information, Jiangsu Zhuosheng Microelectronics Co., Ltd. was established on August 10, 2012 and listed on the ChiNext board of the Shenzhen Stock Exchange on June 18, 2019. The company's main business is research, development, and sales in the field of RF integrated circuits.
In terms of finance, according to the Q1 2023 report released by Zhuo Shengwei, the company's operating revenue was 712 million yuan, a year-on-year decrease of 46.50%; The net profit attributable to shareholders of the listed company was 116 million yuan, a year-on-year decrease of 74.64%.
![3.4 billion "breakup fees"! A-shares reproduce sky high divorce case, Tang Zhuang | Company | A-shares](https://a5qu.com/upload/images/70f50bb784e7d20c5f8c088e40351987.jpg)
The woman only needs equity,
Waiver of voting rights, voting rights
According to the announcement, before the property split, Tang Zhuang held 40.9193 million shares of the company, accounting for 7.67% of the total share capital.
According to the Divorce Property Division Agreement, Tang Zhuang transferred his 32.7575 million shares to Yi Gebing.
After the completion of the transaction, Tang Zhuang still holds 8.1618 million shares of the listed company, accounting for 1.53% of the total share capital of the company; Ms. Yi Gebing holds 32.7575 million shares of the company, accounting for 6.14% of the total share capital and holding more than 5% of the company's shares.
![3.4 billion "breakup fees"! A-shares reproduce sky high divorce case, Tang Zhuang | Company | A-shares](https://a5qu.com/upload/images/358246500d7061dab2f87b4cc525bdb2.jpg)
For the subsequent reduction of holdings, both parties agree that the number of shares that Yi Gebing can sell each year shall not exceed 10% of the total number of shares acquired this time.
Yi Gebing also promises that during Tang Zhuang's tenure as a director and executive of the company, his annual transfer of shares shall not exceed 25% of the total number of shares he holds in the company. Both parties confirm that, under the conditions of meeting this restriction and being legal and compliant, with Tang Zhuang's authorization and consent, Yi Gebing may not be limited to the agreement that the number of shares sold each year shall not exceed 10% of the total number of shares acquired this time.
Although the equity was split, Tang Zhuang still retained the voting rights.
According to the agreement, Yi Gebing fully entrusts Tang Zhuang with all voting rights, nomination and proposal rights, participation rights, supervision and suggestion rights corresponding to his 6.14% equity, as well as other property rights except for income rights and share transfer rights.
The exorbitant "breakup fee" is the norm
![3.4 billion "breakup fees"! A-shares reproduce sky high divorce case, Tang Zhuang | Company | A-shares](https://a5qu.com/upload/images/545ec82e14d022cd1edbc1fdb2c3fdaf.jpg)
In the A-share market, due to the enormous value of the shares held by the actual controller, divorce often attracts market attention.
On May 25th, Tongcheng New Materials announced that they had recently received a notice from the actual controllers Zhang Ning and Liu Dong Sheng that they had divorced after mediation by the court. According to the agreement, all equity and profits of the listed company held by both parties through direct or indirect means belong to Zhang Ning.
In April, 360 announced that Chairman Zhou Hongyi and Hu Huan had reached a friendly agreement to terminate their marital relationship and made relevant arrangements regarding stock division and other matters. The announcement shows that this adjustment will not result in a change in the actual controller of the company and does not involve a change in the company's control. The actual controller of 360 Group is still Zhou Hongyi, and there are no plans to reduce holdings in the next 12 months.
After the equity change, Zhou Hongyi and his concerted action persons held a total of 3.671 billion shares, with a shareholding ratio still higher than 51%. Hu Huan did not hold any shares of the company before this equity change, and intends to hold 447 million shares of the company after the change, accounting for approximately 6.25% of the total shares.
At that time, the stock price of 3600 was around 20 yuan per share, and based on this calculation, Hu Huan split about 9 billion yuan in the divorce case.
![3.4 billion "breakup fees"! A-shares reproduce sky high divorce case, Tang Zhuang | Company | A-shares](https://a5qu.com/upload/images/433b3f469d8acd40925bbce71bff4825.jpg)
Prior to this, there were also several well-known divorce cases in A-shares, involving companies such as Fubon Group and Kangtai Biotechnology, with breakup fees ranging from hundreds of millions to billions of yuan.