Tang June's Joint tour network is now out of the market risk games online against the clock

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Yesterday (November 24), the shares of Dahua construction again hit the historic lowest price. If it fails to meet normal standards, backdoor's joint-venture network of Tang June's company, which is listed by the Chinese public, may face a risk of delisting after 1 months.

Yesterday, the United Backdoor network of listed companies in China's construction volume fell 11%, the lowest price of the plate fell to 0.62 U.S. dollars per share, which is the current company's history of low prices. A day earlier, the company released its 3rd-quarter earnings report, which showed multiple financial indicators fell year-on-year. In this respect, the company CEO Leung said: "The 3rd Quarter is the company transformation period, the company is continuing the industrial restructuring, the focus gradually shifted to online games." ”

At present, the joint Travel Network under the beginning of the seal of the "Warring states" has progressed. To buy time for online games, Dahua built a partnership plan in October. SEC documents show the company will hold its annual shareholder meeting on December 7. The Board of Directors determines October 26 as an equity registration date. At the shareholders ' meeting, the company will propose a joint-stock plan, combining the proportion and time by resolution of the Board of directors, to reduce the number of shares authorized to be issued by 150 million to 100 million shares. In addition, in accordance with the provisions, if from July 1 to December 28 within 180 days, the closing price of the company's common stock cannot be higher than 1 U.S. dollars in a row for 10 consecutive sessions, may have the risk of delisting. However, the company's share price has been running at $1 a day, except for the backdoor, which is close to $1 per share.

As the closing date gets closer, the Leung team is taking time to get the game online. However, the online will face fierce competition in the domestic market. Industry insiders believe that, since Tang June will be linked to the network to lead the listing, will not easily return to the city.