A-share suspension champion salted Fish St in the next month after a duplicate licensing

Source: Internet
Author: User
Keywords Re-licensing suspension
Tags .net applications business closing price company fish listing listing applications
Every reporter Ma Yu fly so-called "a-share suspension of the longest" St in the Liao (000638,sz) finally to the card!  This has only been suspended in 2004 years, and set a moratorium on the listing of 5 years, but still not a record of the "Undead Bird" announced today, the company yesterday received Shenzhen of the company to resume listing applications, approved St in June 5, 2009, the official resumption of the license. At the same time, the company's legal name will be changed to "Wanfang Real Estate Co., Ltd.", the main business from the original international engineering contracting, foreign trade and other changes for real estate development and sales.  In addition, after St application and approved by Shenzhen, since June 5, the company's securities referred to as "Wanfang real Estate", the securities code is still "000638".  The announcement shows that the St in the first day of the shares trading will not set the price limit, after the first day after the next trading day, the stock trading price limit will become 10%. Five years, the data show that, as a result of 3 consecutive years of losses, St since April 16, 2004 has been suspended listing. At that time, the number of shareholders was "closed" up to 29,600 households, and no one expected, this "close" will be up to five years, in fact, in 2004 after the suspension of the listing, the giant field securities began to intervene and to restructure St Liao, but its many attempts to restructure have failed.  And with the 2006 giant Field Securities declared bankrupt, St in the first reorganization of the Liao was nothing. Then, in March 2006, Beijing Wan Fangyuan from the hands of the giant field Securities took the St the burden of restructuring. But St's huge debt burden has left Beijing Wan Fangyuan entangled in corporate assets and debt restructuring until 2008, "until these jobs have been completed, the assets injected into the major shareholders have really entered the Liao Dynasty, and the company's ability to operate continuously has been fundamentally improved for 2008 years," Liu, the company's chief executive, said in a previous media interview. "St 2008 Annual report shows that the company last year to achieve operating income of 375 million yuan, to achieve a net profit of 72.25 million yuan, excluding non-recurrent profit and loss after the net profit is 45.4 million yuan." In its annual report, the company stressed that "the net profit after the deduction of non-recurrent profit and loss has increased significantly, indicating that the company to achieve the main business profitability, and sustainable."  One investment banker said it was because the company's continued ability to operate was improved, and the application for the St was passed.  After the proposed to add to the hands of the stock finally "back to life", no doubt let St in Liao's shareholders greatly sent a sigh of relief, and then the company's shares on the day of the return of the performance, will directly determine their adherence to 5 years of income.  However, because previously suspended shares on the first day of the St have a crazy performance, the market for the longest suspension of the Liao Fu is full of anticipation. Data show that the two-year suspension of the Sino-Fu Industrial (000592, closing price of 4.86 yuan) on the day of the recovery soared 1164.71%;In (600187, closing price 7.19 yuan) in the recovery of the day of the rise of 1004%, then, the St of the 5-year suspension in the recovery of the day what will happen? It is worth looking forward to, St, said the company intends to return to the listing after the first direct issuance of additional plans to seek approval by the CSRC by the end of 2009. The initial scheme of directional additional placement is that the company directs to Wan Fangyuan, Wanfang Holding and the company's strategic cooperation party to issue shares to purchase operating assets or equity, involving more than 600 acres of land reserves, and Wan Fangyuan 10,000 square meters of commercial property such as the Milan Sky project in Chongqing.
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.