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Rongyu Group

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For other companies, see Yongda.
Rongyu Group
FormerlyJilin Yongda Group
Company typepublic
SZSE: 002622
Founded
  • 1993 (predecessor)
  • 6 November 1998 (1998-11-06) (date of incorporation)
Founder
  • Lu Yongxiang
  • Lu Yang
  • Lu Lan
  • Lan Xiuzhen
  • Lu Yongkai
  • Lu Yuzhen
  • Li Xiangwen
Headquarters
Jilin City
,
China
BrandsYDD
RevenueDecrease CN¥146.5 million (2015)
Increase CN¥91.0 million (2015)
Increase CN¥90.3 million (2015)
Total assetsDecrease CN¥1.352 billion (2015)
Total equityDecrease CN¥1.154 billion (2015)
OwnerGuangzhou Huiyin Rifeng (23.81%)
Websitejlydjt.com
Footnotes / references
in consolidated basis[1]
Rongyu Group Co., Ltd.
Simplified Chinese融钰集团股份有限公司
Traditional Chinese融鈺集團股份有限公司
Transcriptions
Jilin Yongda Group Co., Ltd.
Simplified Chinese吉林永大集团股份有限公司
Traditional Chinese吉林永大集團股份有限公司
Transcriptions
Standard Mandarin
Hanyu PinyinJílín yǒng dà jítuán gǔfèn yǒuxiàn gōngsī

Rongyu Group Co., Ltd. is a Chinese listed company based in Jilin City, Jilin Province. as at 8 November 2016, the company was a constituent of SZSE 1000 Index (as well as sub-index SZSE 700 Index) but not in SZSE Component Index, making the company was ranked between the 501st to 1,000th by free float adjusted market capitalization.

Business overview

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The company was a producer of energy meters, permanent magnetic AC contactor, moulded case circuit breaker (MCCB), miniature circuit breaker (MCB) and high voltage vacuum breaker. However, the company was under reconstruction since 2015, seeking new area of investment.

In September 2015 the company also announced that they would acquire a company that operates icardpay.com, an online payment system.[2] However, the deal was terminated by the board of directors in June 2016.[3]

On 2 June 2016 the company announced an investment into a private equity fund for CN¥300 million,[4] which later revealed that the fund would acquire Italian football club A.C. Milan.[5] The takeover bid was €520 million. The fund: Sino-Europe Sports Investment Changxing Limited Partnership (Chinese: 中欧体育投资长兴合伙企业(有限合伙)) would raise a maximum of CN¥4.5 billion to finance the bid.[5]

In November 2016 the company was renamed into Rongyu Group.[6] At the same time the company acquired a company (Chinese: 智容科技; pinyin: Zhìróng Kējì) for CN¥250 million.[7]

Ownership

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In 2015 the largest shareholder of the company, former chairman Lu Yongxiang (Chinese: 吕永祥), sold his 23.81% stake to a private equity fund (Chinese: 广州汇垠日丰投资合伙企业(有限合伙), literally Guangzhou Huiyin Rifeng Investment Partnership (Limited Partnership)) The deal was completed in 2016.[8][9] A joint venture of Ping An Insurance and UOB Asset Management, Ping An – UOB Fund Management, was a limited partner of Guangzhou Huiyin Rifeng for 99.9996% stake. The general partner and the manager of the fund was Guangzhou Huiyin Aofeng (Chinese: 广州汇垠澳丰股权投资基金管理有限公司). The largest shareholder of the management company was the Government of Guangzhou City for 30.68% stake.

Subsidiaries

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  • Chinese: 融钰创新投资（深圳）; lit. 'Rongyu Venture Investment (Shenzhen)' (100%)[10]
  • Chinese: 智容科技 (100%)[11][12]
  • Chinese: 北京融钰科技; lit. 'Beijing Rongyu Technology' (100%)[13]

References

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  1. ^ 2015 Annual Report (in Chinese)
  2. ^ "关于筹划重大资产重组的停牌公告". Jilin Yongda Group (in Chinese). Hosted by cninfo.com.cn. 24 September 2015. Retrieved 16 August 2016.
  3. ^ "关于终止重大资产重组事项的公告". Jilin Yongda Group (in Chinese). Hosted by cninfo.com.cn. 23 June 2016. Retrieved 16 August 2016.
  4. ^ "关于全资子公司永大创新金融服务(深圳)有限公司拟参与投资产业并购基金的公告". Jilin Yongda Group (in Chinese). Hosted by cninfo.com.cn. 2 June 2016. Retrieved 16 August 2016.
  5. ^ a b "关于中欧体育投资管理长兴有限公司与Fininvest S.p.A.签署收购A.C.米兰俱乐部99.93%股权协议的公告". Jilin Yongda Group (in Chinese). Hosted by cninfo.com.cn. 12 August 2016. Retrieved 16 August 2016.
  6. ^ "关于变更公司名称及证券简称的公告" (PDF). Rongyu Group (in Chinese). Shenzhen Stock Exchange. 8 November 2016. Retrieved 15 November 2016.
  7. ^ "关于收购江西智容科技有限公司100%股权暨签署股权收购协议的公告" (PDF). Rongyu Group (in Chinese). Shenzhen Stock Exchange. 21 November 2016. Retrieved 15 November 2016.
  8. ^ "关于控股股东协议转让公司相关股份完成过户登记的公告". Jilin Yongda Group (in Chinese). Hosted by cninfo.com.cn. 18 July 2016. Retrieved 16 August 2016.
  9. ^ "关于详式权益变动报告书的补充更新公告". Jilin Yongda Group (in Chinese). Hosted by cninfo.com.cn. 15 July 2016. Retrieved 16 August 2016.
  10. ^ "关于全资子公司名称变更的公告" (PDF). Rongyu Group (in Chinese). Shenzhen Stock Exchange. 12 January 2017. Retrieved 4 March 2017.
  11. ^ "关于全资子公司名称变更的公告" (PDF). Rongyu Group (in Chinese). Shenzhen Stock Exchange. 21 January 2017. Retrieved 4 March 2017.
  12. ^ "关于收购江西智容科技有限公司100%股权暨签署股权收购协议的公告" (PDF). Rongyu Group (in Chinese). Shenzhen Stock Exchange. 21 November 2016. Retrieved 4 March 2017.
  13. ^ "关于全资子公司变更名称、法定代表人及经营范围的公告" (PDF). Rongyu Group (in Chinese). Shenzhen Stock Exchange. 10 March 2017. Retrieved 15 March 2017.
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