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On April 24, Zhejiang Zhongma Transmission Co., Ltd. released the change of actual controller and the change of shareholders' rights and interests.CrashteamThe progress announcement. The announcement said that the inheritance of the original actual controller Wujiang occurred, and the company's actual controller was changed to Wu Liangxing and Jiang Shaoyi. This equity change involves Wenling Zhongtai Investment Co., Ltd. (hereinafter referred to as "Sino-Thai Investment") and China Malaysia Group Co., Ltd. (hereinafter referred to as "China Malaysia Group"). Among them, Sino-Thai Investment holds 30%.Crashteam.31% of China Malaysia Transmission shares have completed the formalities for industrial and commercial change. On the other hand, China Malaysia Group holds 25%.CrashteamAt present, the industrial and commercial change procedures for the inheritance of Wujiang estate have not yet been completed for 78% of the transmission shares in China and Malaysia, and will continue to be processed after Wu Liangxing's inheritance is clear. At the same time, the procedure of succession and transfer of 9.8 million shares held by Wujiang has not been completed, and we need to wait for further clarification of related matters.
According to the announcement, the company announced on the website of the Shanghai Stock Exchange and designated media on October 26, 2023 because of the inheritance of the estate of Mr. Wu Jiang, the former actual controller.CrashteamAfter the summary of the acquisition report and the full text of the acquisition report, the company's rights and interests held directly and indirectly by Wujiang changed, and the actual controllers of the company were changed to Wu Liangxing and Jiang Shaoyi.
After the announcement of the acquisition report, the actual controller and the relevant heirs are actively promoting the transfer of ownership procedures and have completed part of the transfer procedures.
The announcement revealed that Sino-Thai Investment holds 30.31% of China-Malaysia Transmission shares and has now completed the formalities for industrial and commercial change.
China Ma Group holds 25.78% of China Malaysia Transmission shares. According to the relevant contents of the acquisition report, 6% of the shares held by Wujiang have been inherited. After inheritance, the final shareholding structure of China Ma Group is as follows: Wu Liangxing holds 61% equity, Sheng Guiying holds 39% equity. At present, the industrial and commercial change procedures for Wujiang inheritance have not yet been completed. As the heir Wu Liangxing died of illness, his estate will be inherited. Therefore, the industrial and commercial change procedures of the China-Malaysia Group will continue to be handled after Wu Liangxing's inheritance is clear.
Of the 9.8 million Zhongma Transmission shares held by Wujiang, according to the relevant contents of the acquisition report, 4.9 million shares belong to the joint property of husband and wife. After Jiang Shaoyi acquired these 4.9 million shares, the remaining 4.9 million shares of the company will be inherited by Wu Binghong, Wu Hong, Wu Liangxing and Sheng Guiying in an equal proportion, while Jiang Shaoyi and Wu Hongjie will give up their inheritance. At present, the procedure of succession and transfer of ownership of 9.8 million shares held by individuals in Wujiang has not yet been completed. As the heir Wu Liangxing died of illness, his estate will be inherited. Therefore, the succession transfer procedures will not be processed until Wu Liangxing's inheritance is clear.
The announcement said that the part of the equity change that involves the change of direct shareholding interests will be realized through the non-trading transfer of ownership of securities. The transfer procedures of the company shares directly and indirectly held by the heirs will not be handled until Wu Liangxing's inheritance is clear, and the company will fulfill the information disclosure obligations in accordance with the requirements of relevant laws and regulations according to the specific circumstances.
News background:
On December 11, 2023, Zhongma Transmission issued an obituary that Wu Liangxing, one of the actual controllers of the company, died on December 10 at the age of 81.
In February 2023, Wu Jiang, one of the original actual controllers and former chairman of the company, also died of illness at the age of 55. According to the relevant announcement, Wu Liangxing and Wujiang have a father-son relationship.
According to the company's 2021 annual report, Wu Liangxing, born in 1942, has served as chairman and general manager of Zhongma Machinery, director of Yancheng Zhongma, chairman of Mingtai Real Estate, director of transmission, director of China Development Real Estate, chairman of Zhonghong Aluminum Co., Ltd., chairman and general manager of Jiangsu New Materials, has won the honorary titles of ten innovative figures in China's reform, the first glorious Zhejiang Merchants, star entrepreneurs in Wenling City, and outstanding entrepreneurs in Zhejiang Province. He is currently a director of the company, and is also the chairman and general manager of China Malaysia Group, the chairman of China Malaysia Garden, the executive director and general manager of Zhonghong Aluminum, the supervisor of Jiahe Deweisi, the director of Mingtai Real Estate, the chairman of China Development Real Estate, the executive director and general manager of Jiangsu New Materials, the executive director of China Malaysia Manufacturing, the executive director of Zhongwo Investment, the director of Hong Kong Zhuozhan, and the director of Qingdao Haihui Electric Co., Ltd.
It is understood that since the listing, the actual controller of the company has been Wu Liangxing, Wujiang father and son. However, after Wu Jiang, one of the actual controllers and former chairman, died of illness in February this year, his estate was inherited in late November, and the actual controllers of the company were changed to Wu Liangxing and Jiang Shaoyi. Wu Liangxing holds 32.98% of Zhong Ma Transmission shares directly and indirectly.
According to public data, China-Malaysia Transmission was established in December 2005 and listed on the Shanghai Stock Exchange in June 2017. The company is a national high-tech enterprise, mainly engaged in automotive transmission, new energy vehicle reducer, transmission gear research and development, design, manufacturing and sales.
As a leading enterprise in the automobile industry chain, Zhongma Transmission has many well-known customers. According to the semi-annual report of 2023, the company's automotive transmission customers include Great Wall Automobile, BAIC Foton, Dongfeng Liuqi, Changan Automobile, etc.; the main customers of new energy vehicle reducers include Kowloon Motor, Jinlong New Energy, Xiamen Golden Travel, etc.; the main customers of vehicle gear products are the top 100 global auto parts companies such as BergWarner, Wandu, Schaeffler, Dana and other well-known automobile manufacturers such as Strandis. And well-known motorcycle manufacturers such as Great Yangtze River Group, Qingqi Suzuki, New Continental Honda, Zhuzhou Construction Yamaha, as well as well-known agricultural machinery manufacturers such as John Deere.
(article source: read Chuang)