On the evening of June 10, China Unicar Co., Ltd. (Shenzhou Ucar, 838006) issued an announcement saying that the company’s chairman Lu Zhengyao held 270 million shares by Beijing The Judicial Freeze of the First Intermediate People’s Court accounted for 10.05% of the company’s total share capital.
The announcement shows that Lu Zhengyao’s holding of 158,544,880 shares in China’s UCAR was judicially frozen, accounting for 5.90% of the company’s total share capital. The above-mentioned frozen shares are all shares with restricted sales conditions, and the freezing period is from April 9, 2020 to April 8, 2023; the remaining 111,455,120 shares of the restricted sales of shares of China UCAR are judicially frozen, accounting for 4.15 of the company’s total share capital %, the freezing period is from April 28, 2020 to April 27, 2023.
China Automobile 2019 Interim Report shows that Lu Zhengyao is the largest shareholder of China Automobile with a shareholding ratio of 10.05%, which also means that it holds All of China’s UCAR shares were frozen.
It is worth mentioning that the second and third largest shareholders of China UCAR, Star Vantage (China) Limited and Golden Ares Limited are all acting in concert with Lu Zhengyao. The total holders hold 14.03% of the total share capital of UCAR.
Shenzhou UCAR claims that the shares involved in the frozen shares are those controlled by the actual controller. Including the frozen shares, if all the frozen shares are exercised, the controlling shareholder or actual controller of the company may change.
However, UCAR also said that as of the date of this announcement, the company’s various businesses have been carried out normally, and this judicial freeze of equity has not caused significant adverse effects on the company’s production and operation. influences.
Shenzhou UCAR was listed on the New Third Board on July 22, 2016. According to its official website, the company is a large high-tech enterprise group that deeply focuses on travel and the entire automotive industry chain , Its well-known brands include car rental platform Shenzhou special car, car rental platform Shenzhou car rental, car brand Baowo Automobile and so on.
Lu Zhengyao was the chairman of three listed companies, Ruixing Coffee (Nasdaq: LK), China Car Rental (00699.HK), and China UCAR. Affected by Ruixing Coffee’s counterfeiting storm, Lu Zhengyao is gradually comprehensiveExit the car rental in China.
On June 1, Shenzhou Car Rental announced that its major shareholder, Shenzhou UCAR, had signed a non-refundable agreement with Beijing Automobile Group Co., Ltd. (BAIC Group) on May 31. Legally binding strategic cooperation agreement, BAIC Group will acquire no more than 450,790,855 shares from China Automobile, which is equivalent to about 21.26% of the total issued share capital of China Auto Rental. After several sales of Shenzhou Car Rental Co., Ltd., China Unicar has 21.26% of the shares of Lu Zhengyao and China Automobile Co., Ltd. wholly owned by China Car Hire.
This also means that if the deal with BAIC Group is completed as such, BAIC Group will be promoted to the largest shareholder of China Shenzhou Car Rental, while China UCAR and Lu Zhengyao will Full exit.
Not only that, on June 10, Shenzhou Car Rental announced that Lu Zhengyao has resigned as chairman of the company’s board of directors and non-executive director, and will no longer serve as the company’s nomination committee after resignation member. As for the reason for his resignation, Shenzhou Car Rental explained that Lu Zhengyao will spend more time in the performance of Shenzhou UCAR Co., Ltd. and other businesses. The resignation took effect on June 9, 2020.