Core Viewpoint - Daming Electronics Co., Ltd. is preparing for an IPO on the Shanghai Stock Exchange, with concerns raised about the pricing of shares acquired by a family member of the actual controller, which may imply potential conflicts of interest and tax issues [3][4][10]. Group 1: Company Overview - Daming Electronics is based in Leqing, Zhejiang Province, and specializes in the research, production, and sales of automotive body electronic control systems, with over 30 years of experience in this niche [4]. - The IPO aims to expand capital scale, enhance financing channels, and improve production capacity, thereby increasing market competitiveness and brand recognition [4][10]. Group 2: Shareholding and Investment Issues - The actual controller's brother, Zhou Zhaohui, invested in Daming Electronics at a price of 1 yuan per share in both 2019 and 2021, which is below the net asset value, raising concerns about potential benefit transfer [4][5][6]. - Zhou Zhaohui's investments maintained a fixed 5% shareholding ratio, with two rounds of proportional capital increases and two rounds of non-proportional increases, leading to scrutiny over the appropriateness of these transactions [6][7][10]. Group 3: Regulatory and Tax Considerations - The company has stated that the low-priced investments are part of a family internal equity arrangement and not typical equity incentives, which differ significantly from employee stock options [8][9]. - Zhou Zhaohui has paid personal income tax on the portion of the investment that was below net asset value, and the company has committed to addressing any potential tax penalties arising from these transactions [10][11].
大明电子实控人之弟“破净价”入股,是否涉嫌利益输送?
第一财经·2025-08-11 05:03