Chen Kunhao spent 500 million yuan to enter equity investment and the partner is a listed energy company

It is reported that for this cooperation, Meijin Meihe will serve as the fund-maker (limited partner) and subscribe a capital contribution of 500 million yuan. Chen Kun also, as a limited partner of the fund, subscribed a capital contribution of 500 million yuan. As a general partner of the fund, Enbe Investment subscribed for a capital contribution of 1 million yuan.

Original title: Will Chen Kun's 500 million yuan hard-earned money go to Meijin Energy and Enbe Investment? Recently, another star has entered the investment circle, that is Chen Kun.

On April 25, Meijin Energy announced that the company plans to jointly initiate the establishment of "Jiaxing Zhonggu Jiadi Equity Investment Investment Fund Partnership (Limited Partnership)" through its wholly-owned subsidiary Meijin Meihe, Beijing Enbei Investment Management Co., Ltd.(hereinafter referred to as Enbei Investment) and Chen Kun. The overall scale of the proposed fund is 1.001 billion yuan. The fund will mainly conduct investment and mergers around Meijin Energy's strategic and industrial layout planning.

It is reported that for this cooperation, Meijin Meihe will serve as the fund-maker (limited partner) and subscribe a capital contribution of 500 million yuan. Chen Kun also, as a limited partner of the fund, subscribed a capital contribution of 500 million yuan. As a general partner of the fund, Enbe Investment subscribed for a capital contribution of 1 million yuan.

This time, Chen Kun will follow Liu Tao's old path. Will the 500 million yuan investment lose all his money?

Are stars qualified investors?

This Chen Kun is Chen Kun, yes, the film and television star known to the public.

As a well-known actor and singer in mainland China, Chen Kun graduated from the Performing Arts Department of the Beijing Film Academy. Born in Chongqing in 1976, he has starred in many film and television dramas such as "The Quest for the Dragon","Flying Armor of Dragon Gate","Qian Xuesen","The Ballad of Clouds and Water","Painted Skin", and "Golden Powder Family". He has won the 30th Popular Film Hundred Flowers Award Best Actor, Outstanding Actor in the 12th China Film Huabiao Award, Golden Phoenix Award of the China Film Performing Arts Society and many other awards.

Let's look at the design and trading of the entire fund.

We can see from the announcement materials that as investors of the fund (i.e. limited partners), Chen Kun and Mei Jin Meihe are both LPs of the fund.

Frankly speaking, celebrities have money, which is the first condition stipulated by the China Securities Regulatory Commission Fund Industry Association for qualified investors. Stars such as Chen Kun must meet the requirements.

However, as a wealthy investor, does Chen Kun understand the risks involved, what this fund does, and what venture capital is all about?

This is another problem and another condition for qualified investors, which is to fully understand the risks. Obviously, Chen Kun may not be aware of this. Venture capital and industrial funds have considerable risks. It is not like China's real estate industry, where profits are guaranteed without loss. Moreover, the China Securities Regulatory Commission has clearly stipulated that listed companies are not allowed to repurchase entire fund projects.

Of course, the reporter did not ask Chen Kun for his views on risks. However, one thing is certain: the listed company did not disclose this aspect, and it is also possible that Chen Kun was not aware of the risks.

That is to say, as an LP, Chen Kun's hard-earned money may be as lost as Liu Tao, because both are pure investors, but neither of them is necessarily qualified investors-in terms of time, stars as an LP will not have sufficient supervision capabilities for fund managers; in terms of professionalism, neither Lu Han nor Liu Tao, including Chen Kun, have professional capabilities.

According to Tianyan data, Chen Kun has directly or indirectly invested in more than 10 companies in total, focusing on film and television, catering, cultural communication, beauty and other fields.

Shanghai Dongshen Children's Painting Cultural Communication Studio (Registered capital of 100,000 yuan, holding 100% shares) Dongshen Tong Hua (Beijing) Cultural Communication Co., Ltd.(Invested 1 million yuan and held 100% shares) Chongqing Bangbangtang Catering Culture Co., Ltd.(Invested 90,000 yuan, holding 30%) Beijing Tiantian Meishang Information Technology Co., Ltd.(Shares 1.488 million shares, accounting for 3.18%) Hehe (Shanghai) Pictures Co., Ltd.(Invested 1.98 million yuan, accounting for 4.62%) Horgos Zhiyou Qiankun Network Technology Co., Ltd.(Invested 1 million yuan, holding 100%) Wuxi Chen Kun Film and Television Culture Studio (Invested 5 million yuan, holding 100%) Dongshen (Shanghai) Film Co., Ltd.(Invested 9.9 million yuan, holding 99%) Beijing Ami Cultural Development Co., Ltd.(Invested 600,000 yuan, holding 40%) Dongshen Space (Beijing) Art Design Co., Ltd.(Contribution of 270,000 yuan, holding 90%) Yiyi Investment Co., Ltd.(Through Dongshen Children's Painting holds a 30% stake) Horgos Dongshen Film Industry Co., Ltd. Dongshen (Shanghai) Film Co., Ltd. Beijing Branch Jinjiu (Beijing) Cultural Communication Co., Ltd. Dongshen Jiuge (Beijing) Cultural Communication Co., Ltd. Beijing Yiju Creative Technology Co., Ltd. In addition, Chen Kun also participated in the investment of LeTV Sports.

What is going on with Meijin Energy and Embe Investment?

As everyone knows, Liu Tao's hard-earned money was evaporated due to the collapse of LeEco's share price. So, what kind of company is Meijin Energy today and will there be a risk of plummeting?

What's going on with this fund that Chen Kun participates in? As the general partner of the fund, is Enbe Investment trustworthy the fund manager who invested 1 million yuan?

LP in China has always been weak. Even though stars once formed STAR VC, as LP stars, they are not practical-the fund has not been in operation for a year when Ren Quan changed his fund manager because he did not have fund management qualifications.

In addition, according to industry peers, within Star Funds, management is also chaotic and there are even some unethical phenomena. Everyone is busy with their own careers, and the entire fund lacks professionalism, whether in terms of investment or post-investment.

Of course, if we say that it doesn't matter if people are rich, we have nothing to say. After all, stars are really rich, and it's easy to get money. Let's talk to reporters. It is said that a movie star once publicly stated in an interview that sometimes they filmed a TV series or movie is equivalent to a person's lifetime income.

But from a professional perspective, stars really don't understand investment and financial management, so there have been so many cases of stars being cheated, including Liu Tao's hard-earned money, which disappeared just like this.

Come on, let's get back to business, let's continue to discuss Chen Kun's 500 million yuan.

Meijin Energy, the full name is Shanxi Meijin Energy Co., Ltd., stock code 000723.

According to public information, its main business is the development and investment of coking plants, coal mines, and coalbed methane, wholesale and retail of coal, metal materials, building materials, daily necessities, labor insurance supplies, and processing and sales of coal, coke, coal gangue, metallic magnesium, iron ore powder, pig iron. The main products are coke and by-products.

The actual controllers of the company are Yao Junliang, Gao Fan 'e, Yao Junhua, Yao Junjie, Yao Junqing, Yao Sanjun and Yao Sijun (the proportion of shares held in Shanxi Meijin Energy Co., Ltd.: 19.32, 9.66, 9.66, 9.66, 9.66, 9.66%).

It seems that it has nothing to do with investment business.

However, recently, the company has been frequently involved in investment.

In addition to the fund with Chen Kun, on April 28, 2017, the company also prepared to acquire Singapore telecommunications company M1 together with China Broadband Capital.

According to Bloomberg news from Singapore, local telecommunications company First One (M1) received a takeover offer from coal mining companies China Shanxi Meijin Energy and China Broadband Capital. Bahrain Telecom and several private equity funds also made non-binding offers.

In response, according to sources, Meijin Energy Company submitted an acquisition proposal to First Pass through the family office. China Broadband Capital, headed by Dr. Tian Suining, intends to jointly acquire First Tong with other investors.

This shows the company's love for investment business.

We don't know whether the fund established by it as an LP conducts investment mergers and acquisitions in accordance with Meijin Energy's strategic and industrial layout plan. However, according to public information, GPLP has found out the relevant information of the fund manager GP-Enbe Investment. The information shows as follows: Enbe Investment was established on September 17, 2014, but its registration time with the Securities Industry Fund Association was April 21, 2017. We have no way to verify whether it was to cooperate with this fund management, but what is certain is that the fund management company has never registered or filed before, and there is no investment behavior. After all, according to the relevant regulations of the Fund Industry Association in recent years, it can only engage in investment and related business after filing.

As the fund manager, Zhu Ming's background is as follows: From 2005 to 2016, for ten years, he served as the general manager of Beijing City Jinlongtan Garden Agricultural and Sideline Products Market Co., Ltd., and only served as the general manager of Beijing Enbei Investment Management Co., Ltd. in November 2016.

Judging from his resume, his investment management capabilities are worrying.

Chen Kun's hard-earned money is also making people sweat at this time.

We don't know whether they are rich and willful or have other considerations, but the reporter has to repeat the same cliché. Investment is risky, and star investors need to be cautious when investing.

Editor: Nancy