St star US 950,000 assets sitting in 2.4 billion market capitalisation shell company struggling when

Who is the most asset-listed company in the capital market? Enumerating the annual reports of listed companies is not difficult to find, *st Star is the capital market on the most light assets of the empty shell, 2008 to 2010 consecutive three years, the total assets of 51,100 yuan, 84,800 yuan and 949,100 yuan respectively.　　Company from 2007 to 2009, the number of employees are 4, 2010 company staff number is only 7.　　The company not only total assets of three years in a row of less than million, and the company's main business is stagnant, from 2008 to 2010, the main business income is 11,000 yuan, 0 yuan and 552,000 yuan.　　But the company's market value is not low, the company's total equity of 413.8769 million shares, March 16 closing price of 5.84 Yuan, the company's market value of up to 2.417 billion yuan! Even the assets, main and the number of employees so many depressed listed companies, unexpectedly so strong in the capital market for many years without falling.　　In order to realize the good wishes of the Phoenix, the company repeatedly played a reorganization of the game, no one failed, there are investors on the question of this shell companies in the capital market to linger to when?　　An asset-free two-employee "shell Company" *st the current total assets of the United States can be less than a leather package. 2007 Annual report shows that the total assets of the company is 473 million yuan, but the total liability is as high as 1.659 billion yuan, the ratio of assets to debt is 350.23%.　　The company said that the company funds continued tight, the company's effective assets are all seized or auctioned by creditors. After the seizure or auction of effective assets, the company's assets are completely in a miserable situation. *st's annual report shows that In 2010, the total assets amounted to $949,100 and the liabilities amounted to $15.7036 million, the total assets in 2009 amounted to 84,800 yuan, the liabilities amounted to 11.7377 million yuan, the total assets in 2008 amounted to 51,100 yuan, the liabilities amounted to 7.2977 million yuan, and the ratio of the 2008 to 2010 was 1427.　　1.78%, 13837.77% and 1654.53%. According to statistics, the total assets of *st in 2010 are 949,100 yuan, which is the lowest total assets of all listed companies in the cities.　　Because the total amount of *st star U.S. assets is very small, compared to *st star U.S. debt is very large, so *st star U.S. assets and liabilities rate for three consecutive years are very high, *st star is also the same as the two cities for three consecutive years of the list of asset-liability ratio championship. Not only is *st's asset situation a spectacle in the capital market, but the total number of *st employees is a marvel of capital markets. Reporter Statistics report found that in 2006, *st Star United States in the number of employees 80, which also includes market personnel, technical staff, financial personnel and administrative personnel, but into the 2007, *st star U.S. staff with the company's assets significantly shrink with the proportion of a sharp decline. 2007 years to 2009, the total number of *st stars of the United States are 4, by 2010 *st Star's staff increased by 3, the total number of staff also only 7. The main business for many years stagnation according to the 2006 annual report, *st Star in 2006 to achieve the main business income of 33.9401 million yuan, lower than the same period last year 48.75%, the main business profit 17.1784 million yuan, compared with the same period last year 149.89% Net profit-794.4415 million yuan, down 57.04% from a year earlier. As of December 31, 2006, the ratio of assets and liabilities was 380.54%, and the total liabilities were 768.873 million yuan in the bank loan balance.　　*st star laudatory name, 2006 main business income compared with the previous year decline, mainly due to the reporting period of the company operating basic standstill. After entering the 2007, *st star beauty assets are very poor, the staff has only a few, the main business is also extremely unsatisfactory.　　From 2007 to 2010, *st Star's main business income is 171,000 yuan, 11,000 yuan, 0 yuan and 552,000 yuan, the main business is basically in a stagnant state.　　*st in the 2007 annual report, said that the company's capital continued tight, the company's effective assets are all seized or auctioned by creditors, production and Operation ceased, the company's operating and profitability of the continuity and stability depends on the success of the company restructuring. In 2010 *st star Beauty Rare appeared the so-called main business.　　During the reporting period, the company realized operating income of 552,000 yuan, an increase of 552,000 yuan last year, mainly due to the company's subsidiaries Shanghai star Macro Business Information Consulting Co., Ltd. realized the income caused by business. However, it is noteworthy that the Shanghai Star Macro Business Information Consulting Co., Ltd. was only established in December 2010, registered capital of 500,000 yuan, *st star U.S. capital of 500,000 yuan, accounting for 100% of total equity.　　More interesting is that the 500,000-yuan registered capital by the *st star of the United States major shareholder Shanghai Xin to Industrial Co., Ltd. at 0 interest rates.　　In the hands of the capital player sink *st star Beauty in 2007 began to seek restructuring, but the restructuring process is twists, from Zhuo Beijing investment officially into the *st star, the company began to fall into the capital big player doll. We can briefly review the history of *st star beauty. *st Star The beginning of the securities abbreviation is "Three love hailing", mainly engaged in carburetor, magnetic motor and other products production and sales. Later, with the mechanical parts industry recession, the company completed a large proportion of asset restructuring in June 2000, formally entered the telecommunications and information industry.　　Corporate securities will be abbreviated on January 4, 2001 by "Three love hailing" change to "Changfeng communications."　　In 2003, Chongqing Fuling State-owned assets management company and Zhuo Beijing Investment and Chongqing Fuling Huaxin Industrial Co., Ltd. and Jinxin Trust completed the transfer registration and equity change procedures, Zhuo Beijing investment into the company's first major shareholder; Jinxin Trust becomes the second largest shareholder of the company. Since then, *st star Beauty has come to be met.Perdition.　　2005, the CBRC ordered Jinxin Trust liquidation, at the same time, the company's actual control of the Shanhui was taken to assist the police investigation. The fall can be seen from the financial data, the company's net profit in 2004 still more than 3 million, 2005 years after the company began to appear a large loss, the total amount of bank loans over 1 billion yuan.　　August 30, 2005, the company said its strategic development positioning will be transformed by the telecommunications service operators to digital media operators, the name of the United States and the U.S. Co. In 2007, the company's former main shareholder Zhuo Beijing Investment Holdings Limited, Jinxin Trust Investment Co., Ltd.,　　Chongqing Chaoyang Science and Technology Industry Development Co., Ltd. holding a total of 203.1764 million shares of corporate shares have been the judicial spin-off of the auction to 13 legal persons and 6 natural persons, resulting in a highly dispersed ownership structure, control of the lack of status.　　2008, Shanghai Xin Industrial Co., Ltd. to provide cash on behalf of listed companies to the selection of cash-paid creditors to repay debts, and obtain the rights of listed companies.　　June 2009, is said to be Hong Kong real estate tycoon Tung's son-in-law Du Huicai control of the Xinfeng Trade (Shanghai) Co., Ltd. was let Shanghai Xin Industrial Co., Ltd. 100% Equity, thereby becoming the actual control of the company. At the end of 2009 *st star United States announced a reorganization plan, the company intends to 3.70 yuan/share price to the abundant holding 1.58 billion shares, purchase its holdings of Shanghai Bureau One Real Estate Development Co., Ltd. 100% Equity, Rich Real Estate Development Co., Ltd. 100% equity.　　However, the company had to suspend major asset restructurings because of changes in land planning for the proposed real estate project. The company said in its annual report, "2011, we can not predict when the regulatory authorities will be able to accept the reorganization of real estate enterprises, the company at this stage of the major asset restructuring to complete the main business reset there is a major uncertainty, to solve the survival of the company, to avoid the loss of three consecutive years to Only by cultivating new business and profit growth points. "But the more than 500,000-dollar new consultancy is clearly just a symbolic move by the company, and it will certainly not sustain the company's survival." So unsustainable companies, but miraculously survive in China's capital market, the market parties how to see? Tomorrow this newspaper will continue to pay attention to shell company's survival fate. Responsible Editor: NF058