Dalian Shengya (600593.SH)’s “Palace Fighting Drama” is still going on，Panjing Fund as a key party，But he has the idea of ​​​​another listed company。

Morning, August 19th，Xi’an Tourism (000610.SZ) releases a simplified equity change report，Report display，Panjing Fund increased its holdings in Xi’an Tourism，As of now, the proportion of shares held in listed companies accounts for 5% of the total share capital，Form a placard。

It is worth mentioning，While raising a sign for Xi’an tourism，Panjing Fund and its persons acting in concert are already the second largest shareholders of Dalian Sunya。

The "Palace Fight" in Dalian Shengya is going on here，As a "barbarian", Panjing Fund came to the doorstep of Xi'an tourism again。Panjing Fund, which flirted with two listed companies，What are you planning？

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Morning, August 19th，Xi’an Travel Announcement，Panjing Win No. 6 on August 18, 2020，Buy 501.70,000 company shares，The proportion of the company’s total share capital is 2.12%，Average transaction price 9.54 yuan/share。After increasing holdings，Panjing Wenying No. 6 holds 11.85 million shares of Xi'an Tourism，Accounting 188bet app for 5% of the company’s total share capital。

First Financial Notice，Xi’an Tourism 2020 Interim Report Display，Panjing Fund does not appear in the list of the top ten shareholders。Starting from August 7 this year，Panjing Fund continues to buy Xi’an tourism through centralized bidding on Panjing Wenying No. 6。From the first 55.Start from 80,000 shares，Panjing Fund completed its bid for Xi’an Tourism within 6 trading days。

“Based on optimism about the future development of Xi’an tourism industry，Recognize the long-term investment value of Xi’an tourism。"Panjing Fund said。

Affected by the epidemic，Xi’an Tourism achieved operating income in the first half of this year 1.0.5 billion yuan，3 compared with the same period last year.600 million yuan decreased by 2.5.5 billion yuan，Decreased by 70.79%；Net profit loss 1884.70,000 yuan，Down 232 year-on-year.91%。

The largest shareholder of Xi’an Tourism is Xi’an Tourism Group，The actual controller is Xi’an Qujiang New District Management Committee，As of the end of the first half，The proportion of shares held by Xi'an Tourism Group to the total share capital of Xi'an Tourism is 27.29%。

Regarding Panjing Fund’s placard-raising behavior，China Business News called Xi’an Tourism on the 19th，According to a relevant person from the Xi’an Tourism Board Office，“I just raised my sign yesterday，The specific situation is being understood”。

Public information display，Panjing Fund was established in 2015，The actual controller is Mao Wei。In May 2015，Panjing Fund obtains private investment fund manager 188bet Online Sports Betting and Casino license，Issue 3 fund products，The management scale reaches 100 million yuan。

Analysis by a securities private equity fund expert，Private equity funds raising signs，Generally for the purpose of pursuing capital gains or seeking controlling rights，Obtain a certain right to speak by raising placards，With the help of listed company platforms, greater capital operations can be carried out，Get higher returns。While raising the sign，Private equity preference market value is relatively small、Listed companies with relatively dispersed shareholdings，It is not ruled out that it is the target of "Shell Resources"。

As of closing on August 19th，The total market value of Xi’an tourism is 22.8.2 billion yuan。stimulated by raising a sign，Xi’an Tourism stock price rose by 1 that day.05%，Close at 9.64 yuan/share。

What are you planning

Panjing Fund, the protagonist of Xi’an tourism，Quite controversial in the capital market。

Panjing Fund is well known in the capital market，Because of Dalian Shengya。Starting in April this year，Conflicts among shareholders of Dalian Sunya appear，After Panjing Fund and its concerted parties continue to increase their holdings，The number of shares held is gradually approaching the largest shareholder Dalian Galaxy Investment。

Public information display，Panjing Fund appeared on the shareholder list of Dalian Sunya in the third quarter of 2018，At the end of September 2018, Panjing Fund held Dalian Sunya 1.45% of shares，ranked the tenth largest shareholder。Starting from April 2019，Panjing Fund kicks off its holdings increase，As of July 26, 188bet app 2019，Panking Fund and its persons acting in concert have collectively held 15% of the shares of Dalian Sunya，Close to shareholding 24.03% of the largest shareholder Dalian Xinghaiwan Investment。

The “barbaric invasion” of Panjing Fund，Dalian Galaxy Investment, which has a state-owned background, once expressed its welcome to industrial capital parties to promote the healthy development of Dalian Sunya through investment in the real economy，But we are firmly opposed to the "barbarians" in the capital market using hostile takeovers to obtain control of listed companies。

However，Panjing Fund still “goes its own way”，July 28，The holding ratio of Panjing Fund and its concerted parties reaches 18.71%。

What you need to see is，After Mao Wei entered the board of directors of Dalian Sunya，Yang Ziping, the current chairman of Dalian Sunya, was jointly protested by many employees of the company。

“The company’s employees are extremely emotionally unstable，Pessimistic about the company’s business development direction and vital interests。More than 200 on-the-job employees have issued solemn statements multiple times，Condemn Mao Wei of Panjing Fund、Yang Ziping。”In reply to Shanghai Stock Exchange，Dalian Shengya title。

Dalian Xinghaiwan Investment also said，Not giving up control of listed companies，Concrete plans to consolidate control are being formulated。

Some opinions，Yang Ziping, who holds few shares, dares to challenge major shareholders，Also considered to be inextricably linked to Panjing Fund。In the inquiry letter from Shanghai 188bet online sports betting Stock Exchange，The Shanghai Stock Exchange also inquired about the relationship between persons acting in concert with Yang Ziping’s Panjing Fund。To this，Both Yang Ziping and Panjing Fund stated，There is no consistent action relationship。

In view of the fact that Dalian Shengya’s “Palace Fight” is still going on，But Panjing Fund has been promoting Xi’an tourism without stopping，The practices of Panjing Fund also puzzled some capital market participants。

China Business News also noticed，Dalian Sunya and Xi'an Tourism are both listed companies in the tourism industry，All have been affected by the epidemic to varying degrees，Dalian Sunya has just resumed production for more than a month and has closed again due to the new epidemic。

“Some organizations will want to be in specific industries，Has an influential listed company platform；In addition, you may want to have a systematic exit channel。"A PE executive said to China Business News。

*Source of this article: China Business News, author: Wen Feng, original labelTitle: "After Dalian Shengya, we are eyeing Xi'an tourism，What is Panjing Fund planning？》.