The big shareholder is managed *st the Golden City Rebirth usher in the Dawn

The star-wearing *st Jincheng (000820.SZ) has a chance of rebirth.　　The company's largest shareholder Jinzhou Xin Tian Paper Co., Ltd. (hereinafter referred to as "Xin Tian paper") will be the government trusteeship, and the company's major shareholders and the actual control of the person may also change.　　*st Jincheng December 20 received Jinzhou government approved that, in view of *st Jincheng has been in the production of discontinued or half production, difficult to reverse the loss of the situation, staff benefits can not be guaranteed, the impact on social stability, by the municipal government research, agreed Linghai People's government to *st Jincheng first large shareholder Xin Tian paper implementation trusteeship The trust will not affect the financial situation of *st, but the company's largest shareholder or actual control person may change.　　This may mean that *st Jincheng is expected to restructure its assets under government auspices. According to this year October 23 *st Jincheng disclosed performance deficit announcement, the company is expected to lose about 320 million yuan in 2010 years.　　In this way, due to three consecutive years of losses, according to the Shenzhen Stock Exchange stock listing rules, *st Gold City shares may be suspended.　　In fact, the *st Jincheng to the original major shareholder's guarantee and so on, also caused it to get into trouble a main reason. In the above notice of loss, *st Jincheng also clearly pointed out that the company caused a significant loss of a major reason is that the company 2000-2002 years for the original large shareholder Jincheng paper (group) Limited Liability company (hereinafter referred to as "Jincheng Group") loan guarantee involved in the lawsuit, to mention 156.87 million of the estimated liabilities,　　Increased corporate losses. In addition, *st Jincheng also exists for the original holding shareholder Jin Cheng Group to pay the issue. According to Liaoning Provincial Bureau of the *st Gold City on-site inspection found that, up to now, the company should receive Jincheng group in the current balance of accounts receivable 43.4019 million yuan, other receivables account under the balance of 19.2216 million yuan.　　Among them, the funds of other receivables are mainly used to advance the employees ' wages and insurance of Jincheng group. Before the announcement of the above decision on the morning of December 20, *st Jincheng had a half-day transaction, the afternoon of the suspension, is in the day of the stock index accelerated decline, the company's share price was closed at 4.76 yuan by 4.61%.