实控人两年转手交易暴赚 合金投资再度面临易主

Core Viewpoint - Alloy Investment is facing a potential change of control as its major shareholder, Tonghai Investment, has signed a framework agreement to transfer its entire 20% stake to Rongrui Investment, which would mark the fifth change of control for the company since its inception [1][2]. Group 1: Shareholder Changes - The agreement involves the transfer of 77,021,300 shares, which will elevate Rongrui Investment's stake in Alloy Investment from 0% to 20% [2]. - Following the transaction, Tonghai Investment will cease to be a shareholder, and the actual control of the company will shift from Gan Lin to Rongrui Investment or its designated third party [2][3]. - This transaction is part of a series of ownership changes that have seen Alloy Investment change hands multiple times, reflecting its troubled operational history [1][8]. Group 2: Financial Performance - Alloy Investment has struggled with poor financial performance, experiencing intermittent losses in 2017 and 2019, and relying on asset sales to achieve profitability in 2020 [1][12]. - Since 2004, the company has not issued cash dividends, and as of the third quarter of last year, it reported an undistributed profit of -331 million yuan [1][12]. - The company has been in a state of "shell protection" for 17 years, with fluctuating profits and losses, and has primarily relied on asset sales and acquisitions to maintain its listing status [12][14]. Group 3: Profit from Transactions - Gan Lin, who acquired control of Alloy Investment in 2018 for 120 million yuan, stands to make a significant profit of 300 million yuan from this latest transaction [5][6]. - The total agreed price for the current share transfer is set at no less than 700 million yuan [4]. - The rapid turnover of ownership has raised questions about the motivations behind these transactions and the potential for undisclosed arrangements between previous and current shareholders [11].