ST Korida and its chairman are under investigation; at the beginning of the year, there was a plan to change the controlling shareholder and cash out 300 million yuan.

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China Economic Net Beijing, March 17 — ST KeliDa (603828.SH) announced last night that it received a notice of case filing from the China Securities Regulatory Commission (CSRC). ST KeliDa and its Chairman, Gu Yiming, recently received the CSRC’s “Notice of Case Filing” (No.: Zhengjian Filing Zi 0102026019, Zhengjian Filing Zi 0102026018). Due to suspected violations of information disclosure laws and regulations by the company and Chairman Gu Yiming, the CSRC has decided to file a case against the company and Gu Yiming in accordance with the Securities Law of the People’s Republic of China, the Administrative Penalty Law of the People’s Republic of China, and other laws and regulations.

ST KeliDa stated that the company’s production and operation are currently normal, and the above matter will not affect the company’s normal business activities. During the investigation, the company and Chairman Gu Yiming will actively cooperate with the CSRC’s investigation. The company will strictly fulfill its information disclosure obligations in accordance with relevant laws, regulations, and regulatory requirements.

On January 10, ST KeliDa issued a warning announcement regarding the signing of an equity transfer agreement by its indirect controlling shareholder and the proposed change of actual controller. Suzhou KeliDa Group Co., Ltd. (hereinafter referred to as “KeliDa Group”) is the direct controlling shareholder of ST KeliDa, holding 111,677,942 unrestricted circulating shares, accounting for 18.74% of the total share capital. Gu Yiming, Gu Longdi, Gu Jia, and Lu Chongming hold 100% of KeliDa Group’s equity, with Gu Yiming, Gu Longdi, and Gu Jia being the actual controllers of the company.

On September 30, 2024, Shanghai Yingzhong Intelligent Technology Co., Ltd. (hereinafter “Yingzhong Intelligent”) signed the “Share Transfer Agreement of Suzhou KeliDa Decoration Co., Ltd.” with KeliDa Group, transferring 30,000,000 shares, representing 5.03% of the total share capital of the listed company; on October 28, 2024, the transfer was completed and the registration formalities were processed.

If this equity transfer is completed, the company’s direct controlling shareholder will remain KeliDa Group, and the indirect controlling shareholder will change to Yingzhong Intelligent, with the actual controllers changing to Cao Yalian and Liu Chunjian.

The transfer price of the target equity is based on the valuation, with the overall asset valuation of the target company at 532,236,103.24 yuan, debt valuation at 207,649,638.45 yuan, and owner’s equity valuation at 324,586,464.79 yuan. After mutual agreement, the total transaction price for 100% of the target company’s equity is set at 324,586,464.79 yuan.

The source of funds for Yingzhong Intelligent, the transferee involved in this equity change, comes from its own funds, including financial support from its controlling shareholder Yingzhong Information, which provides no less than 50% of the transaction amount, and/or acquisition loans.

Tianyancha business information shows that Suzhou KeliDa Decoration Co., Ltd. (formerly known as Suzhou KeliDa Construction Decoration Engineering Co., Ltd.), established in 2000 in Suzhou, Jiangsu Province, is mainly engaged in architectural decoration, renovation, and other construction industries. The registered capital is 595.960158 million RMB, with paid-in capital of 33.785 million RMB.

(Responsible Editor: Xu Zili)