After nine months and six days of disputes over "stripping" and "Filing", the fate of yinhu.com, an online lending platform of panda Financial Holding Co., Ltd. (hereinafter referred to as "panda financial holding", 600599), a listed company with a share, has finally been settled. On the evening of October 9, panda Financial Holdings announced that the company had recently learned that Silver Lake Network Technology Co., Ltd. (i.e. "Silver Lake network") had been filed by the Economic Investigation Detachment of Dongcheng Branch of Beijing Public Security Bureau. As of the disclosure date of this announcement, the company and yinhu.com have not received the legal documents issued by relevant departments related to the filing of yinhu.com.
On August 13 and August 27, panda financial holding received two consecutive regulatory letters from Shanghai Stock Exchange, requiring panda financial holding to verify whether the listed company, yinhu.com or relevant parties have received the relevant documents filed by the public security department, and formally verify with the public security department whether yinhu.com has been filed for investigation and other relevant matters.
Panda Financial Holdings said that with regard to the case of "Silver Lake network being filed", the company arranged relevant personnel of Silver Lake network to verify with relevant departments, and recently learned that Silver Lake network has been filed by the Economic Investigation Detachment of Dongcheng Branch of Beijing Public Security Bureau.
Panda financial holding said in today's announcement that the above cases are still in the filing stage, and yinhu.com will actively cooperate with the investigation of the public security department. The impact of the filing of yinhu.com on the company is still uncertain. In the later stage, the company will continue to pay attention to the progress of the event and fulfill the obligation of information disclosure in accordance with the relevant provisions of the stock listing rules of Shanghai Stock Exchange.
As of the closing on October 9, the share price of panda Financial Holdings fell 0.79% to RMB 12.60. Since the beginning of the year, the share price has increased by 24.63%, and the current total market value is RMB 2.092 billion.
Fireworks are easy to cold, and gold gradually leaves each other
'yinhu.com is wholly owned by panda financial holding, with a paid in registered capital of 200 million yuan; Have a strong background and resources of Listed Companies & hellip& hellip;' This slogan is still flashing below the official website of Silver Lake.
In fact, panda financial holding, formerly known as' Panda Fireworks', announced the change of the company name and business scope at the end of March 2015, and began to enter the mutual fund industry on a large scale. Silver Lake network has become an important link in the mutual gold territory planned by Zhao Weiping, the actual controller and chairman of panda financial holding.
In the more than nine months since February this year, the reporter saw in the lending crowd that most of them chose Yinhu as their online loan investment platform because of the wholly-owned holding of listed companies.
According to public information, Silver Lake network was established on April 15, 2014, and the platform was officially launched on July 1, 2014. As of April 1, 2019, the loan balance of yinhu.com was RMB 3.373 billion, the current number of lenders was 38500, and the current number of borrowers was 20300. Zhao Weiping also owns another P2P platform panda vault. After being stripped off by panda financial holdings in 2018, the industrial and commercial registration places of panda Treasury have moved to Guangdong, Jiangxi, Hunan, Tibet, Gansu and other regions. According to the bulletin of listed companies, as of December 31, 2018, the loan balance of the two P2P online loan platforms of yinhu.com and panda vault totaled more than 5.5 billion yuan, and the number of lenders totaled nearly 60000.
Two days before New Year's Eve this year, that is, on February 2, panda Financial Holdings issued the announcement on the transfer of equity and related party transactions of Yinhu Network Technology Co., Ltd. Since then, the search keywords on Silver Lake have become 'stripping' and 'anti stripping', 'filing' and 'not yet filed'.
On February 19, panda Financial Holdings replied to the inquiry letter on matters related to the stripping of Yinhu, a P2P online lending platform of the Shanghai Stock Exchange, and closed the daily limit in the morning after giving a 'positive reply' to the stripping of Yinhu. At the same time, the reply letter disclosed another fact of panda financial holding, that is, at that time, the board of directors and the general meeting of shareholders of panda financial holding had considered and approved the proposal to sell Hunan Yingang, Panda Internet small loan and other businesses and equity. If the stripping of Yinhu network is finally realized, the main businesses of panda financial holding in the field of Internet finance have been sold.
However, on the evening of February 18, the reporter learned from people close to the regulator that in order to protect the rights and interests of the lender, the equity of yinhu.com had been frozen by the regulator and could not be changed for Industry and commerce.
A notice confirming the filing of the case
In April, the reporter learned that in order to protect the rights and interests of lenders, Beijing regulators had interviewed Zhao Weiping. On April 8, the official website of yinhu.com released the suggestions on handling the creditor's rights of the lender. According to yinhu.com, the creditor's rights processing follows the principle of principal before interest. The processing of all principal of the lender is divided into 24 periods from April 2019 to March 2021. In addition, yinhu.com disclosed that the capital owned by the actual controller Zhao Weiping and the asset valuation of listed companies totaled 3 billion yuan.
In April and may, yinhu.com and panda vault cashed in two phases respectively, 21.7 million yuan and 14.75 million yuan in phase I, 21.47 million yuan and 14.6 million yuan in phase II, and 72.52 million yuan before and after. However, most lenders are not satisfied with the payment of 0.6% of the loan principal every month.
On June 13, according to the report of online loan home, after verification with Dongcheng public security branch, yinhu.com and panda vault have been filed. Two days later, on June 15, the listed company Panda financial holding issued the Clarification Announcement on relevant media reports. The clarification announcement said that as of the disclosure date of the announcement, the company and Yinhu network had not received the legal documents issued by relevant departments related to the filing of Yinhu network.
Four months later, after a whole summer of disputes over whether to 'file a case', yinhu.com was finally announced by a paper announcement of the listed company. However, on the evening of October 9, the announcement did not explain the situation of the actual controller Zhao Weiping and whether the panda vault has been merged and filed. At the same time, Beijing Dongcheng police's "blue background and white words" formal case filing notice and the prosecution's identification of the facts of crime of the platform and relevant responsible persons have not appeared so far.