The first case of actual controller divorce on the Science and Technology Innovation Board! My ex-wife received 156 million shares worth of shares

Since the beginning of this year, the topic of the divorce of the actual controller of listed companies has caught the attention of the market, and the related "detour reduction" has repeatedly sparked heated discussions.

Bangyan Technology, which has been listed on the Science and Technology Innovation Board for less than a year and suffered the first loss in non net profit deduction in the first half of this year, recently disclosed the divorce of its actual controller. This is the first case of a real controller divorcing after the release of new regulations on reducing holdings.

According to the disclosure, Zhu Guosheng, the controlling shareholder, actual controller, and chairman of Bangyan Technology, has completed the procedures for terminating their marriage relationship with Zhang Lan. Zhu Guosheng plans to split his direct holdings of 7.37 million shares of the company under Zhang Lan's name. According to the latest closing price calculation, the market value of these stocks is approximately 156 million yuan. Meanwhile, Zhang Lan entrusted the voting rights of all the shares obtained from the split to Zhu Guosheng.

Bangyan Technology's actual controller's ex-wife received a share worth 156 million shares.

The marriage change of the actual controller of Bangyan Technology is the first divorce of the actual controller since the opening of the Science and Technology Innovation Board four years ago. According to the announcement, prior to the property division, Zhu Guosheng directly held 38.269774 million shares of the company, accounting for 25.14% of the total share capital, and indirectly held the company's shares through the participation of Shenzhen Junfeng Qixin Investment Partnership Enterprise and Guoxin Securities Dingxin 11 employees in the strategic allocation of collective asset management plan.

Before the divorce, Zhang Lan did not hold any shares of Bangyan Technology, and Zhu Guosheng divided his direct holdings of 7.368 million shares under Zhang Lan's name. Meanwhile, Zhang Lan unconditionally and irrevocably entrusts Zhu Guosheng to exercise all voting, nomination, and proposal rights of the shares.

After this equity change, during the tenure of Zhu Guosheng, Zhu Guosheng and Zhang Lan shall not transfer more than 25% of the total number of shares they each hold in the company each year, and shall respectively fulfill the pre disclosure obligations of centralized bidding and reduction by the directors, supervisors, and senior management.

Bangyan Technology was listed on the Science and Technology Innovation Board on September 23, 2022. Currently, the shares held by Zhu Guosheng and Zhang Lan are restricted shares.

According to regular reports, Bangyan Technology's core business includes three major business segments: integrated communication, ship communication, and information security. Currently, it is exploring a fourth business segment - the electricity private network market. The company's revenue in the military industry mainly comes from customers such as military industry groups, military research institutes, and military units; Non military industry revenue includes government project revenue and revenue from non military related businesses among private enterprise clients.

In the first half of this year, Bangyan Technology recorded its first performance loss since going public, achieving a revenue of 121 million yuan during the reporting period, a year-on-year decrease of 6.56%; Realized a net profit of 16.1637 million yuan, a loss of 5.0542 million yuan in the same period last year, and a net profit loss of 4 million yuan after deducting non recurring expenses. The same period last year saw a loss of 21.2122 million yuan.

A roller coaster of stock prices after one year of listing, with significant margin trading and selling on the first day

Recently, on the first day of its listing, Jindi Shares experienced a 200 million yuan margin trading and selling situation, which received high attention from the market. According to data on margin trading and securities lending, on the day of Jindi Group's listing, the sales volume of margin trading and securities lending reached 4.5832 million shares, with a margin trading balance of 221 million yuan, accounting for 9.346% of the circulating market value.

Coincidentally, Bangyan Technology also experienced large-scale securities lending and sales a few days before its listing.

On September 23, 2022, Bangyan Technology was listed on the Science and Technology Innovation Board at an issue price of 28.88 yuan per share, with an issue P/E ratio of 76.54 times, which is 29.08 times higher than the industry P/E ratio at the time of issuance.

Data shows that on September 23, last year, Bangyan Technology sold 2.2924 million shares in short selling, with a balance of 56.16 million yuan. On that day, Bangyan Technology's opening price was 26.80 yuan, a decrease of 7.20%. It broke through at the beginning of trading and ultimately closed at 24.5 yuan, a decrease of 15.17%. On the first day, it was heavily shorted.

In the first five trading days of Bangyan Technology's listing, there was a significant imbalance between long and short forces, and the company's stock price fell by about 23%. On October 11, 2022, the eighth trading day after Bangyan Technology went public, the company's stock price hit a historic low of 20 yuan during trading, closing at 20.88 yuan on the same day.

Data shows that during the six trading days from September 26th to October 10th last year, Bangyan Technology had a margin of over 1 million shares and a margin of over 20 million yuan. However, the net sales of margin trading decreased day by day, and at the same time, the buying of margin trading continued to increase.

Starting from October 11th of that year, the stock price of Bangyan Technology began to rise, rising 46.71% in 29 trading days, reaching a historic high of 31.44 yuan in mid day trading on November 18th. In the following 25 trading days, the stock fell by a cumulative 26.25%, hitting a low of 21.64 yuan, almost giving up all of its gains.

It is worth mentioning that from October 14, 2022 to the end of August this year, Bangyan Technology has never seen a single day securities lending sales volume exceeding 200000 shares.

Specifically, since the second quarter of this year, Bangyan Technology's margin trading sales have remained at around 10000 to 30000 shares. Only on September 1st, 8th, 15th, and 21st did the company's margin trading sales exceed 100000 shares, with 136900 shares, 193900 shares, 125600 shares, and 134500 shares respectively. As of the close on September 21st, the stock price of Bangyan Technology has fallen by a cumulative 14.15%, which is the largest monthly decline since the first month of listing.

According to the listing announcement of Bangyan Technology, the strategic investors of the company are Guoxin Capital and Dingxin 11 Asset Management Plan, which have respectively received 1.5222 million and 1.6848 million shares, totaling 3.207 million shares.