Subsidiary Xiyou Guolv lost control Tengbang International’s attention letter was questioned and questioned who was the actual controller

Subsidiary Xiyou Guolv lost control Tengbang International’s attention letter was questioned and questioned who was the actual controller
On the evening of April 21, Tenbon International announced that it had received a letter of concern from the Shenzhen Stock Exchange.On the evening of April 20th, Tengbang International stated that its subsidiary Xiyou International Travel has lost control, and the company refused to cooperate with Tengbang International and the annual audit accountant’s on-site audit of the 2019 financial statements, which led to the failure of its 2019 annual audit work.To proceed, the company will no longer merge the scope of Xiyou International Travel into the consolidated financial statements.Tenbon International stated in its announcement on April 20 that it had not received any response from the other party since the “Audit Notice” was sent to Xiyou International Travel on March 20, 2020. Therefore, the Shenzhen Stock Exchange requested Tenbon International to explain the company untilIt was only on April 20 that the specific reasons for its loss of control were disclosed, and whether there was a situation where information was not disclosed in a timely manner.In addition, the Shenzhen Stock Exchange requires Tengbang International to explain the inability to obtain complete financial information of Xiyou International Travel and the inability to control Xiyou International Travel ‘s major operating decisions, personnel, and assets, and the company ‘s view that Xiyou International Travel has lost control and no longerThe specific time point and rationality of the scope of the company’s consolidated statement, the basis for determination and its sufficiency.According to the report of Sauna Nights, Tengbang International took a lot of trouble before acquiring Xiyou International Travel.In the acquisition of Xiyou International Travel, the company made a performance commitment that the net profit for 2018-2020 is not less than 80 million yuan, 1.100 million and 1.2.5 billion US dollars, if the performance commitment is not completed, the amount of consideration payment will be adjusted later.Now, this acquisition case has once again attracted the attention of regulators.The Shenzhen Stock Exchange asked Tengbang International to explain whether the specific scope and changes of Xiyou China Travel ‘s main business after the completion of the acquisition in June 2018 are the reality of transferring the medium-sized business of the listed company to the operation of Xiyou China Travel to complete the performanceThis time, it is determined whether Xiyou Guolv no longer repeats the scope of the consolidated statement whether the company intends to divest high-quality assets.In addition, the Shenzhen Stock Exchange once again questioned the actual controller of Tenbon International.On August 26, 2019, Tengbang Group and Zhong Yusheng and Zhongke Jianye Xinxing Co., Ltd. (hereinafter referred to as “Zhongke Jianye”) signed the “Vote Right Entrustment Agreement”.The largest shareholder, the administrative organ of the Chinese Academy of Sciences became the actual controller of the listed company.The Shenzhen Stock Exchange asked Tengbang International to explain whether the actual controller of the company has really changed.Read more: Behind the loss of control of Tengbang International subsidiary Xiyou International Travel: the strange acquisition case and the power game sauna, Ye Wang Zhang Zeyan editor Zhao Ze proofreading Yang Xuli