Green Earth Chairman shares freeze yesterday

At the beginning of the "Drought Gate" information disclosure was not perfect once let the green Earth (002200, closing price of 34.32 yuan) by institutional investors spurned, and then with the company to the Greening Project transformation, a group of new institutions also fancy this "potential shares."　　But recently, the green Earth let them down again.　　Yesterday (December 23), the Green Earth issued a notice, Chairman He XUEQU held 43.258 million shares of restricted shares by the public security organs of the law frozen, but for what reason, the announcement was not disclosed. By this bad blow, the green earth yesterday directly to the fall of the price recovery card. After the close, the security letter securities emergency summoned more than 30 domestic institutional investors and Green Earth Chairman of a conference call. At the meeting, He Xuequ remained silent on the reasons for the freeze, saying it was a personal matter and would not affect the company's operations.　　In this regard, institutional investors are very dissatisfied, that the company information disclosure is not transparent, has caused a significant impact on the market.　　Frozen reasons the Chairman said yesterday Green Earth issued a notice, the holding shareholder He Xuequ Holdings of green land 43.258 million shares of restricted circulation shares (accounting for 28.63% of the company's total share capital) on December 20, 2010 by the Public security organs of the legal freeze, of which 23 million shares have been pledged before.　　The sudden bad let green ground in yesterday 10:30 after a direct fall, until closing.　　After the close, Green Earth Chairman He Xuequ with domestic funds, brokerages, private equity and other more than 30 institutional investors on the equity freeze on the telephone exchange. According to one of the participants to the daily economic news reporter, in the conference call, chairman He Xuequ said first, "Frozen is a personal stake, this is a personal matter, and the company level is irrelevant." "As for why it was frozen, He Xuequ said to institutional investors," this is a secret that cannot be said, and I hope you will not ask.　　"But for the institution, the object of the equity freeze is the major shareholder and chairman of the listed companies, the market is very worried about whether the freeze will affect the operation of listed companies, or even change the share rights?" In response, He Xuequ replied, "The freeze is a sudden accidental incident, will not affect the change of shareholding, we need not worry about this." "Under repeated questioning by several agencies, the Chairman remained tight-lipped about the reasons for the freeze, which also led to a backlash from institutional investors at the end of the line.　　Then an investment company threw a sharper thread at the chairman. The person said, "Everyone is very looking forward to, because of what always plays a pivotal role in the company, so even personal problems, but the impact on the company is very large." The stake is frozen by the public security organs, which involves criminal issues, the current market is the most popular is related to asset issues, we are very worried about the public security organs will take coercive measures on your own, and then affect the company. "This is unlikely to happen," He Xuequ said. The equity freeze is a personal notice to the company, for no reason or reason. "When He Xuequ answers the above questions, the participants ' institutional investors are all filled with disappointment.　　The participants said to reporters. The letter in the opaque organization was disappointed in yesterday's conference call, He Xuequ repeatedly said that the equity freeze is a personal issue, and the company has no relationship.　　and stressed that the current company's production and operation of all normal, and the company's engineering orders are also in accordance with the plan.　　However, the Green Earth's current financing channels are basically backed by equity pledge, so this time the majority shareholder's shares are frozen, green land follow-up financing has become the focus of attention. In this respect, He Xuequ said, "Green land financing will not be affected." In addition to the equity pledge, the company has other financing channels, including good communication with banks and other financial institutions. Although the stake is frozen by the public security, but the public security is limited to the sale of shares and not transactions, so if the company has demand, frozen shares can still be pledged to the bank. "He Xuequ also said," the company's operating team is increasing the amount of more than 200 million of the recovery of accounts receivable, so under these measures, green land financing will not be a problem, production and operation will not be affected.　　"After hearing the chairman about the equity freeze will not affect the green land finance and production operations, the nervous nerves of more than 30 institutional investors seem to relax, but many institutional investors still expressed dissatisfaction with the chairman's vague." One of the fund's participants said that "the company's ' envelope ' is still imperfect." Since the financing and production operations do not affect, why the green land in the announcement of the day did not elaborate on this? And so vague announcements also caused the day the stock price fell. Although in the conference call, the Chairman to the presence of institutional investors to clarify, but the market other investors do not know the reason for this, in case the company's share price fell again, and even continued to fall, then how to end? Whether the company will consider issuing a clarification notice to the market for further explanation.　　According to the participants of the meeting, He Xuequ was initially still dismissive of the attitude, but under the questioning of the fund companies, reluctantly agreed to consider this proposal. Since then, the daily economic news reporter has also contacted other institutional investors who have attended the meeting, and they also pointed out that the conference call did not achieve the desired results, or even disappointed.