Dalian Heavy industry has a "cheat" record in gambling on Shang.
Source: Internet
Author: User
KeywordsShares
Dalian Heavy Industry (market, interrogation) collapse of the haze has not dispersed, the failure of the shock wave is still spreading. Recently, due to the injection of asset performance is not up to standard, Dalian heavy industry shareholders need to fulfill the commitment to other shareholders to compensate shares, it is precisely because of the large proportion of Shang, attract a large number of funds stationed, in the equity register after the rapid escape, resulting in volatile stock prices. In fact, in addition to Dalian heavy industry, Ningxia building materials and other companies also appear similar "criminal record", some companies even to avoid the promise of gambling, the use of equity pledge and other methods to hinder the large shareholder repurchase, some investors are dissatisfied with the spirit of the behavior of the agreement. Dalian heavy industry to gamble Shang cause four even fall because injected asset performance is not up to standard, Dalian Heavy industry's major shareholder Dalian Heavy lifting group to comply with the commitment to 168 million shares to other than their own shareholders. Dalian Heavy Industry lifting group owns 761 million shares of Dalian heavy industry, which means that another 204 million shares of shareholders will receive shares, equivalent to the small and Medium-sized shareholders receive 0.82 shares per share. At the same time, according to the company announcement, July 25 for the part of the share transfer implementation of the equity registration date, July 28 for the corresponding shares to account date, July 29 can be listed transactions. For shareholders who have already bought Dalian heavy industry before July 25, if the market factors and buying time are not taken into account, the Shang is more than 80%, and the momentum for selling profits is plentiful. At the same time, July 28 as usual trading, but the day to buy shares do not get the corresponding Shang, investors have a low willingness to take. Plus July 29 There is still a price limit, the capital fled, flocked to sell orders, making Dalian heavy industry a word fell. Since July 28, the unit has been four consecutive stops. In fact, Dalian Heavy industry is not the first to appear because of the failure of gambling to cause major shareholder Shang. March 2013, due to the failure to achieve the promised profit target, Ningxia building materials (600449) bulletin said, according to the previous signed compensation agreement, the company's major shareholders in the stock should be compensated company shares 137,792 shares. 2011, the company through shares in the issuance of shares to the stock exchange to absorb the original holding shareholder Ningxia Building materials Group, in the merger of assets, Ningxia Building materials Group Holding 0.37% of the shares of green water and the "Qingtongxia brand" trademark in the evaluation of the valuation, the use of future earnings estimates based on the value of the current method of return. However, 2012 was affected by the State policy and overcapacity, the regional cement market demand growth decline, green water shares of products sales price decline, profit reduction, 2012 green water shares to achieve a net profit of 67.9981 million yuan, did not reach the 2012 net profit forecast. According to the compensation agreement signed earlier, the shares of the Sinoma stock should be compensated 137,792 shares, according to the laws and regulations of the State and the agreement, the stock holding the shares of the company 137792 shares to lock, the locked shares do not have the right to vote and do not enjoy dividend distribution rights. However, due to the low proportion of compensation shares, large shareholder Shang not attract too much money,So it didn't cause the stock price to fluctuate. "Investment Letters," the reporter consulted Ningxia building materials in recent years, the share change, as of March 2013 the company's circulation of 251 million shares, the total share capital is 478 million shares. Compared with the 137,800 shares of the large shareholder compensation, the proportion of the shares is only 0.05%, so the compensation Shang of the market is not too drastic fluctuation. The big shareholder "shamelessly" does not fulfill the pledge and the Dalian heavy industry's positive realization pledge compares, the Jin Li technology investor's "The Safeguard way" is bumpy. In its latest announcement on July 22, the company said since the annual general meeting of shareholders, has been actively dealing with share repurchase and cancellation of the matter, repeatedly urged Cang (Shanghai) to deal with the quality of the process, but because the Cang does not cooperate with the solution of the pledge of shares, resulting in the cancellation of the company's repurchase can not be carried out in a timely manner The company will, through proper means, including not limited to the use of legal means, require Cang to fulfill the performance of the failure to meet the commitments. Originally, Jin Li technology in 2011 at the end of the total price of 370 million buy Yu-han photoelectric 100% stake, the counterparty is Cang, the acquisition of value-added rate of about 416%. For such a high premium acquisition, when the other party promised that Yu-han Optoelectronics from 2011 to 2014 deducted from the net profit of not less than 43.2 million yuan, 40.14 million yuan, 44.97 million yuan and 47.28 million yuan. If it is not met, Cang will give priority to the subscription of the shares for compensation, insufficient cash compensation. In hindsight, it was the year that Yu-Han photoelectric performance broke out. By 2013, the company's performance dropped, only to achieve a net profit of 2.016 million yuan. The reason, before the Apple supplier Halo was a high premium acquisition of the Yu-han photoelectric, because Apple's product demand did not meet expectations, coupled with some of the products of the process technology changes, led to a sharp decline in the order of products. In this context, under the promise of compensation, the company intends to repurchase and write off 6.6593 million shares of Cang (Shanghai) companies at a price of $1. However, the matter has not progressed smoothly. According to people familiar with the situation, as early as last August, Cang held 5.29 million shares pledged to the East China Sea Securities, to provide collateral for its financing, has not yet lifted the pledge, but also led to the Cang mentioned above to deal with the fact that the share repurchase. Analysts believe that without lifting the pledge, the gold technology will not be able to buy back cancellation. But if Cang dragged, the pledge expires after the East China Sea Securities will urge repayment, Cang must come up with funds to repay. Theoretically, if not repaid, the East China Sea securities can deal with their own shares, but these are restricted stocks, want to circulate, but also to the listed companies to apply to the company, it is clear that the listed companies will not do so. In the view of market personage, Cang this kind of practice, actually is the disrespect to the contract. At that time in order to profit, high premiums to sell to listed companies, and bold to gamble. Now see the adverse events, the various parties to evade responsibility. "In fact, this evasion of responsibility is quite common, Cang's moves are still very ' elementary '. "said the spokesman.
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