Restructuring failure Tianlong photoelectric major shareholder reduction run

After the reorganization failed three months, Tianlong photoelectric (market, interrogation) (300029. SZ) Major shareholders began to sell equity, in the retreat of the city of the Sky Dragon photoelectric prospects more bleak. Financial profit treasure, the current savings rate of 1000% days long photoelectric September 24 announced, due to capital turnover needs, the company's controlling shareholders, the actual controller Changzhou Noah Technology Co., Ltd. plans to reduce the company within 6 months not exceeding 4.5% of the shares, that is not more than 9 million shares,　　This is also a major shareholder in February to reduce the reduction again after the plan. Although not explained, but the days of the February reduction of Tianlong photoelectric may be in order to avoid reorganization caused by the takeover offer. At that time, after the large shareholder reduction, the shareholding ratio from 30.6% to 28.6%, just avoided the offer to buy 30% Red line.　　Subsequently, the company suspended business in June announced restructuring. But the ideal plan did not happen. Tianlong Photoelectric Assets Reorganization is the main plan, Dalian Liancheng CNC Machinery Co., Ltd. existing shareholders to acquire 100% of the shares of Dalian Liancheng.　　As the relevant conditions are not yet ripe, Tianlong photoelectric decided to terminate the reorganization at the end of June. As the current domestic solar cell silicon materials, one of the most complete range of enterprises in the end of 2009, the launch of Tianlong photoelectric in the IPO is also quite popular with the market.　　However, in 2012 the company with more than 500 million of the loss of the first board company losses List, the company instantly become the gem of the market retreat. Even if the recent PV industry fundamentals appear to be warmer, but in the first half of 2013 days long photoelectric still continue to lose, in the media circle out of the Gem risk list, Tianlong photoelectric repeatedly ranked among them. Now the end of restructuring, Tianlong photoelectric major shareholders began to reduce their holdings, which may make the company's future increasingly bleak.