St new too 10 to send 3.1 shares to complete the share reform flop 20%

NetEase Financial June 8 News lasted four months, *st new too finally completed the reform, and in today's complex card, stock short change for *st new too.　　At this point, the company basically completed the share reform and debt, business restructuring. Today morning, St new too to 12.2 yuan price opening, the decline of nearly 20%, turnover significantly enlarged, showing the funds fled.　　and its stock price before the suspension of 23.19 yuan. December 22, 2009, the company disclosed the shares share reform program, the reform program includes asset gifts, performance commitments and capital accumulation fund directed to increase the overall price level for the circulation of shareholders per 10 shares received 3.128 shares.　　February 11, 2010 at the general meeting of shareholders to participate in all shareholders 98.08%, participants in the circulation of shareholders 93.39% approval rate through the company's share reform program.　　From the periodic reports and other operating and financial data disclosed by the company during the suspension period, as the company's debt reorganization plan entered the implementation stage in November 2009, the historical legacy debt problem is being solved, and the company fundamentals have changed since the reform. Communications operator Project is still the company's main business point, China Telecom, China Mobile, Unicom's total project accounted for 55% of the company's overall contract, on the basis of interrogation business, based on 3G/NGN's new generation of value-added services for the company to bring fresh growth.　　In addition, the company also has a good progress in government projects, government-type projects accounted for the company's annual contract amount of 26%, won the Guangzhou Rail transit, Guangzhou Fanyu District Digital Home pilot interactive value-added business platform, Guangzhou Municipal Public Security Bureau, Guangdong Police Integrated information system and other projects.　　In the company's annual business Plan for 2010, the company's telecom operators will expand value-added services from China Telecom to China Mobile, Unicom, from a single IVR business to a variety of value-added service, while also expanding the emerging video, Subway market, full access to government IT integration and service business. However, *st's performance in the first quarter of 2010 was not ideal, in this respect, some shareholders in the June 8 shareholders ' meeting raised objections, Chairman Li Wei said that the first quarter results are not ideal because of the industrial structure, *st new business to government orders mainly, this type of order in the first quarter is the off-season, The next few quarters will get better.