Zhongxin Finance, January 27th (Reporter Xie Yiguan) Another rich female tycoon planted!
On the 24th, Huabao and Huabao International issued announcements one after another, and the actual controller Zhu Linyao was placed on file for investigation.
On the evening of January 26, Huabao announced the progress of the case, saying that the company had learned from Zhu Linyao's family that Zhu Linyao had been placed under residential surveillance at a designated residence.
Screenshot from the official website of Huabao International Holdings Co., Ltd.
The rich female tycoon was put on file for investigation, and the stock price of its company plummeted
On the 24th, Huabao Co., Ltd. issued an announcement stating that Huabao Flavors Co., Ltd. (referred to as “Huabao Co., Ltd.”) recently received a notice of filing a case from the Leiyang City Supervisory Commission, which decided to file a case against the company’s actual controller, Zhu Linyao, for illegal issues. investigation.
On the same day, Hong Kong-listed Huabao International also issued an announcement that it had been notified by Huabao, a non-wholly-owned subsidiary of the company, and Huabao received a notice of filing from the Leiyang Municipal Supervisory Committee. The company's chairman, chief executive officer, executive director and controlling shareholder Zhu Linyao is now under investigation on suspicion of illegality.
After Huabao Co., Ltd. issued the above announcement, it also received a letter of concern from the Shenzhen Stock Exchange on the 24th, requesting the company to supplement the information it has so far on the specific matters of the investigation of Zhu Linyao's illegal issues by the Leiyang City Supervisory Committee, and whether the company is suspected of existence. Major violations of laws and regulations, and Zhu Linyao's personal debts held by the company, as well as the current direct or indirect holding of the company's shares pledged or other restricted rights.
Affected by the actual controller being investigated, on January 24, Huabao shares fell by the limit, and Hong Kong stock Huabao International fell by more than 70% during the session, and finally closed down 66.53%.
On January 25 and 26, the share price of Huabao shares continued to fall, and the share price of Huabao International rebounded.
Rich List "Frequent Visitors"
According to the official website of Huabao Co., Ltd., it is mainly engaged in the research and development, production, sales and service of tobacco flavors, food flavors, daily flavors and food ingredients. At present, it has 39 subsidiaries at home and abroad. It is an international and modern large-scale enterprise. Enterprise group, from 2014 to 2020, the annual sales ranked first in the industry (the ranking comes from the China Fragrance, Flavor and Cosmetics Industry Association).
The picture comes from the official website of Huabao.
Although he "holds" the industry leader, in the eyes of the outside world, "the helmsman" Zhu Linyao is quite low-key.
According to public information, Zhu Linyao was born in Sichuan, and in June 1996, Huabao Co., Ltd., the predecessor of Huabao, was established in Shanghai.
Since March 2004, he has served as Chairman of the Board of Directors, Chairman of the Nomination Committee and Chief Executive Officer of Huabao International.
From November 2015 to September 24, 2017, he served as the chairman of Huafeng China.
The shareholding structure shows that Huafeng China holds 81.1% of the shares of Huabao Flavors Co., Ltd.
Decades of "hard work" in the shopping mall have accumulated a huge net worth for Zhu Linyao.
On the 2021 Forbes Global Rich List, Zhu Linyao ranks 831st on the list with a fortune of 3.6 billion US dollars; on the 2021 Hurun Report (China), Zhu Linyao ranks 122nd with a wealth of 49 billion yuan; 2021 In November, Zhu Linyao was selected again in the "2021 Hurun Women Entrepreneurs List", ranking 11th.
After the company's listing, the reduction of cash holdings and high dividends attracted attention
In addition to being a frequent visitor to the rich list, Zhu Linyao also has the title "Pumping Queen".
"2011 Hurun Cashing Rich List" once pointed out that after Huabao International was listed in Hong Kong in 2004, Zhu Linyao began to reduce and cash out for the first time in 2006. The shareholding ratio has also dropped from 70% in 2006 to less than 40% currently.
From 2010 till now, the accumulated cash out of 3.5 billion yuan through the reduction of shares.
Not only is it crazy to cash out in Huabao International, but after Huabao shares went public in 2018, it also attracted market attention with high dividends.
In March 2019, Huabao disclosed its 2018 profit distribution plan, and planned to distribute a cash dividend of 40 yuan (tax included) to all shareholders for every 10 shares, with a total cash distribution of about 2.464 billion yuan.
Because its dividend is much higher than the company's net profit in 2018, it has also caused market controversy.
Screenshot of Huabao's 2018 dividend plan.
But Huabao shares did not stop the pace of dividends.
In 2019 and 2020, it distributed dividends of 1.22 billion yuan and 985 million yuan respectively.
On January 18, Huabao also released the first phase of the restricted stock incentive plan (draft), intending to grant 22.6 million restricted shares to the incentive objects, accounting for about 3.67% of the company's total share capital of 615.88 million shares when the draft incentive plan was announced. .
Was it related to the anti-corruption storm of China Tobacco in Hunan?
Huabao International said that up to the date of the announcement, the company has not been provided with any details about the nature of the suspected illegal matters that Zhu Linyao is currently under investigation.
According to a report by the Securities Times, some people in the industry said that Zhu Linyao’s case was rumored to be related to Liu Jianfu, a member of the party group and deputy general manager of Hunan China Tobacco Industry Co., Ltd. who voluntarily surrendered last year.
According to the August 2021 news of the "Sanxiang Fengji" public account, Liu Jianfu, a member of the party group and deputy general manager of Hunan China Tobacco Industry Co., Ltd., was suspected of serious violations of discipline and law. Disciplinary review and supervision and investigation by Hunan Provincial Supervisory Commission.
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