SFC to investigate St Chang Fish

St Chang Fish yesterday issued a notice, the company is due to information disclosure issue by the CSRC to investigate. As soon as the news, the shares of the stock ran down and stopped until the closing.　　Many investors believe that the SFC's investigation and listed companies have previously "premature" reorganization matters or have certain links. In early March of this year, the company announced that it was discussing major asset reorganization issues and intended to purchase assets by Non-public offering, starting March 4 for a continuous suspension. April 3, the company issued a notice that the company, the controlling shareholders and the restructuring of the party on the reorganization of the plan has been agreed. However, the relevant procedures have not been processed in time. The company resumed trading on April 6 and pledged to stop planning the matter within 3 months. Perhaps because the promised 3-month period is about to expire, the unit began to rise at the end of May, and on May 27, 28th and 31st continued to touch trading.　　Since then, the company continued to suspend business, yesterday announced that the major shareholders were asked to learn that there should be no disclosure of significant information, the same day. Yesterday, the St. Chang fish did not disclose exactly what kind of "information disclosure" problem caused the company was filed for investigation.　　Some investors speculate that the company had not disclosed any details on the reorganization, such a vague way of disclosure of information, is likely to be one of the reasons for the SFC to file an investigation. As can be seen from the line chart, it was clear that the funds were being raised before the suspension of the unit on March 2 this year due to the announcement of major issues. From February 22 to March 1, the unit gained 22.44% per cent on 6 trading days. It's hard to say coincidence. In addition, the first quarter of this year, 4 new entrants to the company's top ten circulating shareholder list, the use of funds amounted to tens of millions of yuan. Apparently it's a restructuring.