Wanjia Culture was investigated by the China Securities Regulatory Commission for allegedly violating securities regulations

Recently, Zhao Wei's acquisition of Wanjia Culture has been the focus of market attention. On February 27, an announcement that the China Securities Regulatory Commission opened an investigation has once again pushed Wanjia Culture to the forefront of public opinion.

Original title: Wanjia Culture was investigated by the China Securities Regulatory Commission for suspected violations of securities regulations

. From controlling shares to participating shares, the acquisition case shrank from 3 billion yuan to 500 million yuan, and then to Wanjia Culture was investigated. Film and television star Zhao Wei entered Wanjia Culture. It can be said that it was a bad start. Recently, Zhao Wei's acquisition of Wanjia Culture has been the focus of market attention. On February 27, an announcement that the China Securities Regulatory Commission opened an investigation has once again pushed Wanjia Culture to the forefront of public opinion.

On the evening of February 27, Wanjia Culture issued an announcement stating that the company was investigated by the China Securities Regulatory Commission for suspected violations of securities laws and regulations. Since December 26 last year, when the actual controller of Wanjia Culture Disclosure Company was proposed to be changed to Zhao Wei, the progress of the acquisition has been attracting market attention. It is understood that on December 23, 2016, Wanjia Group, the largest shareholder of Wanjia Culture, and Xizang Longwei Culture Media Co., Ltd. signed the "Share Transfer Agreement between Wanhao Wanjia Group Co., Ltd. and Xizang Longwei Culture Media Co., Ltd." Wanjia Group transferred 185 million shares of the company's outstanding shares to Longwei Media, accounting for 29.135% of the company's total shares, and the transfer price was 3.06 billion yuan. If the above-mentioned share transfer is finally implemented, the company's largest shareholder will be changed to Longwei Media, and the actual controller will be changed to Zhao Wei.

However, the acquisition did not go well. It is understood that Longwei Media has a registered capital of 2 million yuan, and the total amount of funds required to acquire Wanjia Culture shares is as high as approximately 3.06 billion yuan. Therefore, it has also attracted the attention of the regulatory authorities. The Shanghai Stock Exchange requires the company to explain the source of funds and subsequent plans and other issues. Subsequently, Longwei Media controlled by Zhao Wei significantly reduced the shares to be transferred, and Longwei Media also changed from holding Wanjia Culture to just participating in it.

On February 14, Wanjia Culture issued an announcement on changes in the number of shareholder share transfer transactions, stating that the company's largest shareholder would reduce the total number of shares transferred to Longwei Media, and the actual controller of the company would remain unchanged after the reduction. This also means that Zhao Wei's plan to become the actual controller failed.

Editor: Nancy