(Original title: Yang Mi was also involved in the “microblogging debt collection” with hundreds of millions of yuan? Jiaxing Media’s latest reply: fake content)
Celebrity shareholders, frequent hits, and sky-high ratings, Jiaxing Media, which has its halo, was delisted from the NEEQ in 2018, but still often appears in the public eye due to various events. On December 29, Jiaxing Media encountered a “microblogging debt collection.”
A netizen posted on Weibo that Jiaxing Media owed him more than 100 million yuan, and announced a series of trials such as the share transfer agreement.
On the evening of December 29, Jiaxing Media replied that there was no fact that the user claimed to be overdue, and that the information was obviously false.
Netizens ask Weibo for 100 million yuan
The netizen published a share transfer agreement showing that on September 27, 2017, the three shareholders of Jiaxing Media (hereinafter referred to as the “Jiaxing Party”), including Tibet Jiaxing Sifang Investment Management Partnership (Limited Partnership) as Party A and Party B Guangzhou Shidi Real Estate Development Co., Ltd., party C Zeng Jia, Zhao Ruoyao, Li Juan and Yang Mi (all shareholders of Jiaxing Media) signed a share transfer agreement.
According to Jiaxing’s requirements, on November 17, 2017, the first payment of 90 million yuan was transferred to the designated account in Jiaxing. The netizen said that to date Jiaxing has neither pledged its capital, nor transferred Jiaxing Media’s capital to it, and has refused to repay the loan.
In his microblog profile, the netizen claimed that he was “Jiaxing Media’s 100 million creditor”, and in his microblog claimed that he was a relevant person on the ground in Guangzhou, but did not reveal his specific identity. A Securities Times e Company reporter tried to contact the netizen, but as of press time, no response had been received.
However, on the evening of December 29, Jiaxing Media released a statement and a letter from a lawyer at this time.
Jiaxing Media said the company is in normal and benign business, and there is no fact of the user claiming to be in arrears and defaulters, and the information is obviously false. All of the company’s transactions are normal investment and business operations in accordance with relevant laws and regulations, and the user is required to publicly clarify and apologize.
The attorney’s letter provided a brief response to the details of the matter. He said the incident was a capital transfer dispute between Jiaxing Media and its shareholders, Shidi Real Estate Group Co., Ltd. and Shenzhen Qianhai New Gravity Network Technology Co., Ltd.
Jiaxing Media and Guangzhou Shidi are a normal investment transaction, and the transaction was terminated due to Guangzhou Shidi breach of contract. The law firm will take legal measures on behalf of Jiaxing Media and its relevant shareholders to pursue all legal responsibilities of Guangzhou Shidi and/or Qianhai Gravity, to safeguard their legal rights.
Does the highest valuation exceed 6.5 billion yuan?
According to Jiaxing Media’s official website, the company is an emerging diversified entertainment company co-founded by agents Zeng Jia, Zhao Ruoyao and star Yang Mi. Since its founding in 2014, the company has nearly 50 full-time artists and has created many phenomenal and explosive film and television works.
Artists still under Jiaxing Media include Yang Mi, Di Lieba, Zhang Yunlong, Wang Xiao, Huang Mengying, Gao Weiguang, etc. Since Yang Mi is among the shareholders and many famous artists are owned by him, Jiaxing Media has always attracted the attention of the outside world.
According to Qichacha’s information, Yang Mi currently owns 15.19% of Jiaxing Media’s shares and is the company’s third largest shareholder. Zeng Jia, Zhao Ruoyao and Li Juan hold 45.56%, 20.25% and 6.02% of the shares, respectively.
Jiaxing Media briefly appeared in the capital market. In September 2015, Jiaxing Media was listed in the NEEQ through the backdoor Xi’an Tongda (renamed to Jiaxing Media in August 2016) and was removed from the NEEQ on May 30, 2018.
The reason for the delisting of Jiaxing Media is that the company is in a stage of rapid development, considering the long financing cycle and the high cost of information disclosure, in order to improve the efficiency of decision-making, reduce operating costs, accelerate the pace of funding and expand operations.
During the NEEQ period, Jiaxing Media completed several rounds of financing and introduced the shareholders of two A-share companies, Oriental Pearl and Perfect World.
On October 26, 2015, Shangshi Films, a subsidiary of Oriental Pearl TV, acquired 950,000 shares of Jiaxing Media through an arrangement transfer method, and at the same time participated in the fixed increase of Jiaxing Media and subscribed 2.85 million of shares. After the completion of the issuance, Shangshi Pictures owns 3.8 million shares of Jiaxing Media, with an equity ratio of 20%, making it the company’s third largest shareholder.
When Shangshi Pictures invested, Jiaxing Media was valued at 1.5 billion yuan. It didn’t take long for Jiaxing Media’s rating to skyrocket.
In April 2017, Jiaxing Media completed the issuance again. Shihezi Junyi Yunyang Equity Investment Limited Partnership, a merger and acquisition fund of A-share company Perfect World, has subscribed for 1 million shares of Jiaxing Media at a price of 250 yuan per share, holding 5% of its shares, at a cost of 250 million yuan.
In addition to participating in the fixed increase, Junyi Yunyang also obtained an additional million shares of Jiaxing Media from Jiaxing Media’s shareholder, Tibet Qifan Fengfan Investment Management Partnership (Limited Partnership), and the equity ratio rose to 10%. , and has remained so far . At present, Junyi Yunyang is the fourth largest shareholder of Jiaxing Media.
When Perfect World invested in Jiaxing Media, Jiaxing Media’s valuation rose to 5 billion yuan. This is also Jiaxing Media’s highest rating in public reports. According to the share transfer agreement disclosed by the above netizens, Jiaxing Media’s valuation in September 2017 was 6.5 billion yuan.
In fact, Jiaxing Media’s assessment may be the source of the conflict between the two sides.
On December 27, 2017, shortly after signing the above share transfer agreement, Oriental Pearl TV announced that its wholly-owned subsidiary Shangshi Films plans to transfer its 2.85 million shares of Jiaxing Media via public listing. lower than Jiaxing Media’s entire stock valuation of 4.5 billion as a price basis.
In November 2018, Oriental Pearl TV also announced the adjustment of the transfer price of part of Jiaxing Media’s equity. Its valuation of Jiaxing Media’s entire equity was lowered from no less than 4.5 billion yuan to no less than 4.05 billion yuan.
The aforementioned netizen asked on Weibo: “Only 3 months after you and we reached the equity loan transfer agreement, your valuation on the New Third Board dropped from 6.5 billion to 4.5 billion , which is far lower than our acquisition valuation. , is there any fraud in this?”
It is worth noting that Jiaxing Media did not disclose the aforementioned stock transactions with Guangzhou Field during the time it was listed on the New Third Board.
