St Gold City hero arm or hold a stake to rise

Xinhua News (reporter Chen) yesterday, St Gold City issued a notice, February 21, 2011 to February 28, 2011, the company's major shareholder Jinzhou Xin Tian Paper Co., Ltd. through the centralized bidding transactions to 5.16 yuan/share price reduction of the company's shares amounted to 2.5775 million shares, accounting for the total number of shares of the company 0.9%,　　After the reduction of Jinzhou Xin Tian Paper holdings of the company's shares from 19.41% to 18.51%. Large shareholder reduction for St Jincheng is not news, since 2007 major shareholders have been reducing the St Gold City's shares, the total shareholding from 29.76% decline.　　But from the end of 2010, large shareholder's reduction amplitude and frequency obviously increased.　　The suspension of the IPO is almost guaranteed to make investors feel frightened by the constant reduction of large shareholders, but what scares investors is that St Jincheng has been losing money for three consecutive years, and a moratorium on listing is almost guaranteed, and asset restructurings have not been seen.　　Although St Jincheng is about to be suspended, with a negative net asset per share, the stock is still more than 5 yuan, mainly because investors expect the stock to restructure. December 22, 2010, St Gold City issued a notice, Linghai People's government will be the company's largest shareholder Jinzhou Xin Tian Paper Co., Ltd. implementation of trusteeship, which makes the asset restructuring is expected to become more near, the unit in December 22, December 23 and December 24 three consecutive trading days trading.　　But December 27, 2010, St Gold City issued a notice that at least 3 months without planning major asset restructuring, restructuring again become confusing. Super "bull Loose" last year, although large shareholders continue to reduce stocks test the confidence of investors, but the other side of the car, the stock market known as "Huang" but in the bulk of the shares, attracting some of the trend of retail investors to enter. This time, Huang in the 2010.5 Annual report first entered St Gold city of the first 10 large circulation shares, at that time the total holding number of 1.3853 million shares, accounting for the proportion of the circulation of 0.48%, and at the end of the third quarter of 2010, the total shareholding of Huang increased to 1.72 million shares, accounting for the proportion of the Its son Huang Junhu also entered the first 10 large circulation shares, shareholding also as high as 1.0799 million shares, accounting for the proportion of the circulation of 0.5%. Side is large shareholder regardless of cost reduction, one side is "cattle scattered" crazy, in the end is the big shareholder or "cattle scattered" more eye, can only wait time to verify.