On the second day after the announcement of the resignation of the president with an annual salary of 2.15 million yuan, the equity of the third largest shareholder of Xi ‘an Bank was frozen by the judiciary.
On July 31, Xi ‘an Bank announced that the shares of the company held by Datang Xishi Cultural Industry Investment Group Co., Ltd. (hereinafter referred to as "Datang Xishi"), a shareholder holding more than 5% of the company’s shares, were frozen by the judiciary.
According to the Notice of Xi ‘an Yanta District People’s Court for Assistance in Execution [(2019) Shaanxi 0113 Caibao No.626], China Railway Trust Co., Ltd. applied to freeze the 630 million shares of the company’s restricted shares held by Datang Xishi, and the fruits generated during the freezing period were frozen together. The freezing period was from July 30, 2019 to July 29, 2022.
As of July 30, 2019, Datang Xishi held 630 million shares of Xi ‘an Bank, accounting for 14.17% of the company’s total share capital. All the shares were frozen this time, all of which were restricted shares.
It is the third largest shareholder and has attracted attention because of the hit drama.
As of July 30, 2019, the controlling shareholders of Xi ‘an Bank are Xi ‘an Investment Holdings and changan trust, holding 27.25% of the total share capital, while scotiabank, a foreign bank, is the single largest shareholder with 17.99% and Datang Xishi is the third largest shareholder of Xi ‘an Bank with 14.17%.
In 2014, China Cinda transferred 630 million shares to Datang West Market, and Datang West Market became a shareholder of Xi ‘an Bank.
Datang Xishi Group is a well-known private enterprise in Shaanxi Province, focusing on cultural industry, cultural undertakings and financial investment, with a registered capital of 217 million yuan and total assets of nearly 50 billion yuan, involving cultural relics, tourism, intangible cultural heritage, cultural performing arts, auction, pawn, Chinese herbal medicine, real estate and other fields.
Datang Xishi Group founded the first private site museum in China and the first non-state-owned "national first-class museum" — — Datang West City Museum is open to the public free of charge.
Official website of this company shows that "Datang West Market" Group has built a comprehensive cultural, business and travel park with the theme of flourishing Tang culture and ideological culture on the basis of the ruins of the West Market, which has become a highlight of culture, commerce and tourism.
Coincidentally, the recent hit drama The Longest Day In Chang’an made Datang West Market more famous, and Datang West Market also took advantage of the popularity of the drama series to promote it in official website and Guanwei many times. Most of the propaganda methods are scene comparison and scene restoration, such as "Tang Jing, who was chased by Zhang Xiaojing in the play, was built with reference to the well in Datang West City Museum". Official website of the company shows that Ma Boyong, the original author of The Longest Day In Chang’an, visited the group on July 15th.
According to official website, Datang Xishi Group owns several subsidiaries such as Datang Xishi Museum, Datang Xishi Cultural Tourism Company and Datang Xishi Financial Holdings Company, and its holding subsidiary Datang Xishi Silk Road Investment Holding Co., Ltd. (referred to as Datang Xishi Silk Road, code 0620.HK) was listed on the Hong Kong Stock Exchange in 2016.
The Paper reporter looked up the annual report of Datang West Silk Road and found that in 2018, the company’s operating income was about HK$ 150 million, but its net profit was HK$ 127 million. In 2017, the company’s loss was HK$ 63.92 million.
Datang Xishi Silk Road said in its annual report that in 2018, the auction company conducted five auctions in Hong Kong and the Mainland. However, due to the national economic situation, the further tightening of cultural management policies and the lack of social funds, the overall operating environment of the auction is facing great challenges.
On July 17th, Datang West Silk Road announced that the company would issue 111 million new shares to New World Development Co., Ltd., and the price per share was about 17.88% lower than the closing price of HK$ 6.56 that day, raising a net amount of HK$ 597 million.
Xi ‘an Bank’s 2018 annual report on major related party transactions shows that during the reporting period, Xi ‘an Bank had 11 major related party transaction loans with a total amount of 1.09 billion yuan, including 4 related companies, Xi ‘an Datang Xishi Industrial Co., Ltd. with a total amount of 540 million yuan. In other words, Datang West City accounts for nearly half of related loans.
Xi ‘an Bank was successfully listed on the Shanghai Stock Exchange in March this year, and it is the first city commercial bank in Northwest China to land on A shares. Shareholders such as Datang Xishi and Shaanxi Tobacco have promised not to transfer their shares within three years of listing, but if the debt problems of Datang Xishi and China Railway Trust cannot be solved, the shares of Xi ‘an Bank may be auctioned, and the third largest shareholder of Xi ‘an Bank may change hands.
The tenth largest shareholder’s equity is pledged.
On July 23rd, Xi ‘an Bank announced that changan trust, one of the top ten shareholders, pledged 76.73 million shares of the company’s restricted shares to China Trust Industry Guarantee Fund Co., Ltd., and the pledge contract period was from July 10th, 2019 to September 25th, 2020. The above-mentioned share pledge was registered in China Securities Depository and Clearing Co., Ltd. Shanghai Branch on July 19, 2019.
Xi ‘an Bank said that changan trust’s share pledge was to apply for liquidity support funds from China Trust Industry Guarantee Fund Co., Ltd.. At present, changan trust has the corresponding fund repayment ability.
Changan trust and his concerted actors, Xi ‘an Investment Holding Co., Ltd., Xi ‘an Economic Development City Investment and Construction Management Co., Ltd., Xi ‘an Urban Infrastructure Construction Investment Group Co., Ltd., Xi ‘an Qujiang Cultural Industry Venture Capital Co., Ltd., Xi ‘an Financial Holding Co., Ltd., Xi ‘an Chanba Ecological Zone Management Committee and Xi ‘an Investment and Financing Guarantee Co., Ltd., hold 1.2 billion shares of the company, accounting for 27.25% of the company’s total share capital.
In addition, according to Ali Judicial Auction Network, the auction of 2 million restricted non-tradable shares of Xi ‘an Bank held by Shenzhen Jiuce Investment Co., Ltd. started on June 13th, with a starting price of 8.288 million yuan and an evaluation price of 14.8 million yuan. On June 14th, the equity was finally sold at the price of 10.348 million yuan, which was 6.4 fold calculated at the market price of that day.
At present, the shareholding structure of Xi ‘an Bank is complicated, including state-owned assets, foreign capital and private enterprises. The top ten shareholders include scotiabank (17.99%), Datang Xishi Cultural Industry Investment Group Co., Ltd. (14.17%), Xi ‘an Investment Holding Co., Ltd. (13.83%), China Tobacco Corporation Shaanxi Company (13.50%), Xi ‘an Economic Development City Investment and Construction Management Co., Ltd. (3.49%) and Xi ‘an Urban Infrastructure Construction Investment Group Co., Ltd. (3.09). Xi ‘an Qujiang Cultural Industry Venture Capital Co., Ltd. (2.25%), Beijing Shunyi Dalong Urban and Rural Construction and Development Corporation (2.19%), Ningbo Zhongbai Co., Ltd. (1.74%) and Changan International Trust Co., Ltd. (1.73%).