Then, how big will the scale of Lu Wanxiang Venture Fund to be established by Wanxiang Group be?
According to public information, Wanxiang Group holds 56.5 1% and 6 1% of the issued shares of Wanxiang Qian Chao (000559) respectively. SZ) and Shunfa Hengye (00063 1. SZ)。 That is, by the end of 20 18, the total assets of the above two listed companies held by Wanxiang Group Company had exceeded1455.4 billion yuan.
This is not the first time that Wanxiang Group has set up a charitable trust in the name of Lu, the former chairman of the board of directors. As early as last year, Wanxiang also donated the assets of Wanxiang Sannong to set up the Lusan Sannong Rich Wisdom Fund, involving three listed companies, Wanxiang Denong (60037 1. SH), Chengde Lulu (000848. SZ) and Hangmin (600987). SH), and 9 unlisted companies. The scale of the fund reached 600 million yuan, involving more than 45 listed companies.
Wanxiang Group, founded in 1969, has developed from a simple auto parts manufacturer into a modern multinational enterprise group with revenues exceeding 100 billion and profits exceeding 10 billion, covering new energy vehicles and auto parts, modern agriculture, licensed financial services, financial technology and other fields. The group has several main business segments: auto parts business with Wanxiang Qian Chao as the core; New energy industry represented by Kama Automobile and A 123 System Company; Wanxiang agriculture, rural areas and overseas business represented by Wanxiang America; And universal resources and universal finance.
20170,000 After the death of Lu Qiuguan, the former chairman of the board of directors of Wanxiang Group, there were four A-share companies controlled by Wanxiang Group, namely Wanxiang Qian Chao, Chengde Lulu, Wanxiang Denong and Shunfa Hengye; There are 8 A-share companies with a reference market value of about 36.2 billion yuan, involving a total market value of more than 300 billion yuan. Most of the above shares are held by Wanxiang Sannong Group, Wanxiang Group Corporation and its holding companies Wanxiang Resources and Wanxiang Venture Capital.
Aside from the assets donated by Wanxiang Sannong last year, Wanxiang Group's assets mainly include: 1, 55.52% equity of listed company Wanxiang Qian Chao; 2. Holding 6 1.33% equity of another listed company, Shunfa Hengye, through its wholly-owned subsidiary Wanxiang Resources Company; 3. Its Wanxiang Resources Company holds 7. 14% equity of China Nonferrous Metals Corporation; 4. 0.38% equity of Founder Automobile (002 196). SZ) and 0.23% equity of Khalid (002206). SZ) is held by Wanxiang Venture Capital Co., Ltd. (hereinafter referred to as Wanxiang Venture Capital).
Of all the shares of listed companies held by Wanxiang Department, only Huayi Brothers (300027. SZ) and Guangzhou Automobile Group (60 1238. Shanghai) is under the name of Lu Weiding, the son of Lu.
However, the first financial reporter found that after Lu's death, the shareholders of Wanxiang Venture Capital, a holding subsidiary of Wanxiang Group, changed. According to Qixinbao data, the controlling shareholder of Wanxiang Venture Capital has been changed to Tonglian Capital Management Co., Ltd. (holding 83.33%). The actual controllers of the latter are Dong Chen and Oscar Chan, holding 96% and 4% shares respectively. According to the data, Oscar Chan joined Wanxiang on 1996 and is one of Wanxiang's old employees. Although Tonglian Capital is not directly related to Lu Weiding in equity, according to media reports, the company is still firmly controlled by it. Wanxiang Group is no longer among the shareholders of Wanxiang Venture Capital. This means that the equity and assets of the above four companies, including Founder Motor, no longer belong to Wanxiang Group.
After all kinds of equity changes, Qixinbao's data show that Wanxiang Group currently holds shares in 22 subsidiaries, including Wanxiang Qian Chao, Wanxiang Resources, Wanxiang Electric Vehicle, Wanxiang New Energy Bus, Wanxiang 123 and Gitzo Power, including Wanxiang Qian Chao and Shunfa Hengye.
According to Lu Weiding, the assets of the above-mentioned 22 companies affiliated to Wanxiang Group will be donated on 20 18 to set up a new charitable trust-Lu Wanxiang Venture Fund. At the same time, it is also stated that the charity fund will be the sponsor to set up Wanxiang Co., Ltd. In the planning, the contributing shareholders of Wanxiang Co., Ltd. will include employees within Wanxiang Group.
As the charity fund has not yet been established, it is unknown how the fund will operate in the next step and whether the asset donation of Wanxiang Group will lead to changes in the shareholders of the two listed companies it controls. However, if we refer to the control relationship after the establishment of Lusannong Fuzhi Fund established last year, the establishment of Luwanxiang Enterprise Fund may not affect the internal operation of its subsidiaries and the change of controllers. Take Shandong Sannong Fuzhi Fund as an example. After the establishment of the Fund, its trustee is Wanxiang Trust Co., Ltd., and it shall bear legal liabilities externally. According to public information, Wanxiang Trust's controlling shareholder is Wanxiang Holdings Limited, and the actual controller of the latter is still Lu Weiding. At the same time, the chairman and the first supervisor of the fund are Lu Weiding and his son Lu Zepu respectively.
At the same time, even if he donated the assets of Wanxiang Group, Lu Weiding still has a huge capital platform-Wanxiang Holdings. According to the disclosed industrial and commercial information, Wanxiang Holdings is completely independent of Wanxiang Group, and was independently built by Lu Weiding. It is a financial empire planned by his father Lu Industry. It is understood that with Wanxiang Holdings as the main body, Lu Weiding has won six financial licenses including banking, insurance, banking, credit, leasing and futures.
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