St Granville 6 days Unlimited Trading

Source: Internet
Author: User
Keywords Granville Counter City
Tags asset asset injection company continuous counter data financial financial crisis
After two years of hard waiting, St, who drifted away from the edge of the city, returned to life. In the asset injection expectations, St Granville to the city out of 6 consecutive unlimited trading trend.  Morning News reporter learned yesterday that if the reorganization could not be completed during the year will be suspended, leaving St to the time is not much.  8 months must go through the reorganization of the program "exciting" restructuring program led to the company's share price bucking the rally, St Granville has been a continuous 6 trading day opened on the huge buying on board, the cumulative transaction amount of only 4.77 million yuan. According to the data, St was suspended from the market since February 18, 2008 for failing to complete rectification of the issues related to the 2006 financial report. May 5 This year, after the completion of rectification and acceptance of the resumption of the listing.  The resumption of the listing at the same time, the company issued a notice, to be through asset replacement and targeted additional access by the holding shareholder Gansu Sheng Tatsu Group Indirect holding of the silver mining 62.96% equity, placed in the assets of the estimated 3.117 billion yuan, the transaction price difference of 2.977 billion yuan. According to the company's announcement, 2008 and 2009 companies have a small loss, if the 2010 continued to lose money, the company will be suspended listing.  Whether the reorganization can be completed this year will be the key to the consolidation of financial statements. However, ST has disclosed information indicating that, in addition to preparing for the various legal processes required for the restructuring of the mining industry, it will have to be audited by the environmental sector and awaiting approval by the SFC department.  All this needs to be done in 8 months. St Dejiven said yesterday: "The company has done an asset restructuring of the pre-audit and evaluation, will strive for the SFC to pass, the silver mining this asset can be merged before December 30." At the same time, in the main business to try to fully protect the shell. "Looking forward to the reorganization of the financial crisis to solve the st of the desperate reorganization of the object, from the announcement has been released from the beginning."  The impact of the financial crisis on Non-ferrous Metals in 2009 years a sharp decline, silver mining net profit in 2009 Year-on-year decline, from 2008 's 640 million yuan to 378 million yuan in 2009. Why do you want to restructure a target with a net profit? "The big shareholders want to solve the problem of listing and think that the silver mining industry is a better asset," Dejiven, a company chief executive, told the Morning Post yesterday: "Our main business is not profitable, and we want to restructure to solve the financial crisis." "According to the reorganization plan, if the reorganization succeeds, st The earnings per share will reach 0.61 yuan." This may be the biggest source of continued unlimited stock prices in recent days.
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.