Tianyin Holdings (000829.SZ), once seen as an "e-cigarette" concept, has been embroiled in controversy due to an announcement that has attracted the attention of regulators.
Tianyin Holdings Announced on The evening of September 10 that it plans to participate in a joint acquisition of a mobile phone brand business, including brand trademarks, research and development, and supply chain, China Business News reported.
According to people familiar with the matter, the most likely suitor is Tianlong Technology co., which focuses on the overseas mobile phone market. People familiar with the matter also said That Tianyin is in contact with Tianlong Technology to export relevant mobile phone brands and obtain 5G chips.
The announcement shows that the stock transfer price of Tianlong Technology has reached the increase limit on several consecutive transfer days. Tianlong Technology announced on September 2 that the company's stock transfer method will be changed to transfer 5 times a week from September 3.
However, Tianyin holdings also announced that the acquisition is currently in the early stage of discussion and planning, and the other party has not signed any letter of intent or relevant transaction agreement on this matter.
According to the official website, Tianlong Mobile was founded in June 2005, mainly engaged in ODOM-TOB business, Tianlong early with nearly 20 countries around the world young local ethnic brand established partnerships, to provide complete product planning, design and manufacturing and marketing services.
Tianyin Holdings was listed in Shenzhen Stock Exchange on December 2, 1997. After the reorganization of major assets in 2003, its main business changed to communication product marketing services and mobile Internet business. At present, it has become Internet marketing, mobile Internet, mobile communications, lottery and other businesses as one of the company.
Shenzhen stock exchange issued a letter of concern shares open limit
It is worth noting that since July, Tianyin shares have continued to rise. According to statistics, The share price of Tianyin Holdings has soared from 7 yuan per share in late July to 26.9 yuan per share, an increase of 3 times. From August 1, 2021 to September 10, 2021, the increase of the share price in the interval is 220.24%, and the average actual turnover of the interval is as high as 7.62%. So, this round of tianyin holdings share price in advance of the unusual move and the joint acquisition of a mobile phone brand business matters? Regulatory authorities issued a letter of concern to Tianyin Holdings.
On the evening of September 12, Tianyin Holdings disclosed that it had received a letter of concern issued by the Shenzhen Stock Exchange, and the regulatory authorities mainly raised the following questions: supplementary disclosure of the transaction object and the basic information of the parties involved in the transaction, and explained the impact of the transaction on the current and future financial status and operating results; Combined with the planning time of this transaction, explain whether there is any correlation between this transaction and The reduction plan of Beijing Trust; Whether the acquisition has a synergistic effect with the existing business, whether it cooperates with shareholders to reduce their holdings, and whether there is an incentive to hype the stock price; Combined with the planning process of this major event, the confidentiality situation and the recent changes of the company's stock price, explain whether there is information leakage or insider trading.
Today (September 13), affected by the news, Tianyin Holdings morning limit opening, down 10%, at 24.21 yuan/share, as of press still capped limit, more than 500, 000 hands sealed single.
A number of head manufacturers deny rumors of 'gossip'
A number of head manufacturers are on the "acquisition" matter said "impossible".
According to the investigation, in fact, because of participating in the glory acquisition case, Tianyin holding capital and "Huawei department" on the relationship.
On November 17, 2020, a number of Huawei supply chain enterprises issued a joint statement, stating that Shenzhen Zhixin Information Technology Co., Ltd. has signed an acquisition agreement with Huawei Investment Holding Co., Ltd. to complete the comprehensive acquisition of the business assets related to Honor brand. After the sale, Huawei no longer holds any shares in New Glory.
On the night of the acquisition, Tianyin Holdings announced that at present, Star Alliance Information has been transferred to shenzhen State-owned cooperative development private equity fund partnership (limited partnership) held by Shenzhen Zhixin New Information Technology Co., LTD. Previously, the company's wholly-owned subsidiary Tianyin Communication participated in the investment (accounting for 1.74% of the total investment) to set up shenzhen Star Alliance Information technology partnership. Based on the above situation, the company intends to increase the subscribed capital amount of its wholly-owned subsidiary Tianyin Communication in STAR Alliance Information, and the final investment amount has not yet been determined.
In the evening of November 25 last year, Tianyin holdings announced that the company had increased the investment amount to 500 million yuan to Star Alliance Information, the shareholding ratio will increase from 1.74% to 17.97% after the capital increase.
But glory insiders told CBN reporters that there is no possibility of acquisition or "backdoor" matters. Tianyin holdings is another rumored object is the current Huawei mobile phone brand.
Although Qualcomm has resumed supplying Huawei's 4G chips, huawei still faces a big challenge in maintaining its past share of mobile phones given the current market environment. Huawei will focus on Mate and P series, while nova, Chang Xiang and Mai Mang brands will be licensed to the three operators and other partners, it was previously announced.
"Nonsense, I don't know what the intention is to release this news at this time." Huawei mobile phone insiders told reporters that at present, Huawei's mobile phone brands are still functioning normally. Previously, Huawei officials have said that they are working on a technical update for Nova phones and nova9 will be released as normal.
In addition, in addition to huawei department, other head manufacturers said to Tianyin "acquisition" matters do not know.
