Executive Succession St Baolong restructuring is expected to "comeback"

After each reporter Song Yuandong after the recent change of securities representatives and financial director, St Bonhams (600988, closing price of 8.05 yuan) today issued a notice, the company received a director and a supervisor resignation letter. Just yesterday, the company announced the suspension of major restructuring matters, the company's share price is still trading.　　Industry insiders believe that the succession of senior executives is to remove obstacles to subsequent restructuring, which shows that the restructuring of the company will soon return. June 12, the company issued a notice to plan the major assets reorganization matters, the company's stock from the date of suspension. Yesterday, the announcement announced a sudden announcement that, as the major asset restructuring programme is not yet ripe, the board decided to suspend the planning of the matter, and pledged to no longer plan for restructuring within 3 months. The company's shares were licensed on the same day. Today, the company issued a further notice that the board of Directors recently received the director of Mr. Yang Jinbong and the staff supervisor Lienholen's resignation letter.　　Among them, Yang Jinbong is also one of the company sponsors, for the company's first board of directors. In this regard, the industry said that during the restructuring of the company suspension, the company suffered bad blow, the company was temporarily stranded. July 6, the company announced the receipt of the Guangzhou local tax department and the Henan Province Hebi two circulars, one is to inform its payment of taxes, and the other dismissed the company's objections, decree the company to discharge 7.7 million yuan of the plaintiff debt and interest.　　Not only that, the previous June 17 company also announced that the basic deposit account has been closed by the Guangdong Zengcheng Court Frozen, the opening bank to suspend payment for 6 months. These people believe that the St Bonhams long into a holding power dispute, so far there are variables. According to the court mediation, St Baolong main shareholder Jinan Car has its holding of the company's 39.49% equity debt to the original "reorganization of the party" Guangdong Yellow River Industrial group, due to the frozen state of the shareholding is still unable to transfer. But from the stock price trend, the market has high hopes for restructuring the company. Before the reorganization of the June 10 and June 11 two days, St Bonhams even pull two trading, indicating the reorganization of the news leaked, the market to the reorganization placed great expectations. In announcing the termination of the reorganization of yesterday, the company's stock price is still closed. At the same time, the succession of executives has also indicated that the reorganization has not stopped at this pace, the company or to the follow-up restructuring plan to clear the obstacles.