Union Letter Wynn Control person only hold 24% forward electronic intervention possibility is big

Continued loss of performance near St, asset-liability ratio of 42%, the actual control of Chen Yu holding 33.2269 million shares, 22 million shares have been pledged to the financial weekly important research group Li Shansheng/Writing in the financial weekly statistics of 22 key potential shell company resources, one called the Union Letter Yong Yi, 2010 years before the listing.　　The company announced its suspension on June 13, 2013 and disclosed a notice of suspension of business planning for major assets reorganization. June 18, the Joint Trust, the Board of Trustees to consider the adoption of the "Planning of major assets reorganization of the bill."　　Some 14 progress announcements, including 2 extensions, were subsequently issued, and the latest announcement of September 12 was postponed after the proposed injection of an asset-restructuring process.　　Little wool, 3 months have passed, the joint letter of the benefit of the restructuring plan has not been released.　　Performance Loss Shell resource good actual control person Chen Yu has not been in the company's executive list, and the chairman is a high-priced capital player Zhao surplus from the market value, the total market value of the union letter of 935 million yuan, far less than the investment banks generally delineated good shell resources under the market value of 1.5 billion below the horizontal line. In terms of equity, the 137 million shares of total equity have a small enough share of equity.　　And its only-11.76 times-fold P/E and a share price below 7 yuan are enough to make the company a backdoor target for many companies. Lian Xin Yong-Yi is mainly engaged in telecommunications, government, tobacco and other industries, software development, system integration and technical services business. The company's niche market focuses on the telecom application software market and the ICT service market.　　Main industries include industry application software customization products, system integration and professional technical services three categories. However, the performance of the joint trust has declined continuously until the loss. 2010 when the market, the joint letter of the net profit was a sharp decline of 48.93%, 2011 net profit continued to fall 47.47%, only a micro-profit of 12.3 million yuan.　　The decline in performance is unstoppable, 2012 net profit loss of 59.9771 million yuan, the first half of 2013 continued to lose 62.5692 million yuan, if the end of the year can not achieve losses, directly will be buckle St hat.　　This may also be one reason why the Union is seeking a reorganization.　　And we are not difficult to see, the Union letter forever from the highest 58 yuan share price fell to now only 6.82 yuan, the role of the catalyst is not only the sustained loss of performance, and the continued reduction of shareholders have some reason.　　The first is the reduction of Lenovo Investment, its use of bulk trade reduction, each reduction volume of 20.5 million shares, but why not to take a breath to reduce the exit is worth pondering.　　and Beijing Telecom investment used in the two-level market, in the period from July 8, 2011 to February 9, 2012 through the SSE two-class market cumulative reduction of 3.4206 million shares, accounting for the proportion of total share capital of the company reached 4.991%. The most important thing, when the stock price is low, the company management related person buys the company stock, like Li Yanjun (for Sun Yuwen spouse), Chen Li (for Chen Feng's female), Loriten all bought the company shareVotes, but the majority shareholder Chen Yu to hold the shares of their own holdings, the evening of April 26 this year, the joint letter Wynn said, the company received Chen Yu Notice of the controlling shareholder, Chen Yu to be through the securities trading system or bulk trading system to reduce its holdings of the company.　　At that time Chen Yu held 18.2534 million shares in the company, accounting for 26.64% of the company's total equity. Only half a month later, the Union letter Wynn May 9 issued a notice, Chen Yu on May 7 through the bulk of the trading way to reduce the company shares 1 million shares, accounting for the total share capital of 1.46%.　　After the reduction, the Chen Yu shareholding ratio fell to 25.18%.　　And in the following May 16, the implementation of the "10 to 10" dividend plan, at this time Chen Yu again reduce the 1.88 million shares, currently holding shares of 33.2269 million shares, accounting for 24.24%.　　It is not difficult to see, in the joint letter of the Chen Yu August 21 issued a notice, we found that the 22 million shares held by the company is still in the pledge phase. "He's not going to pull it off," he reckons.　　"said a researcher at a fund company in Shanghai.　　More important, Chen Yu is no longer in the company's executive list, and the chairman is a high-priced capital player. The new shareholder Chengdu forward or take over the Chengdu striker from the 2 quarter of 2012 began to appear in the Union letter Wynn major shareholder list, and before it has been looking for the listing of the top ten shareholders of the letter, 2013 years in the report disclosed that there are 4 names are not previously seen, and it is noteworthy that　　These 4 names are natural persons, Chen Xudong, Chenlijian, Penkai and Xu Juan respectively. It is reported that Chen Xudong, Chenlijian, Penkai, respectively, through Huatai Securities Co., Ltd. Customer credit transaction Guarantee securities account, BOC International Securities Limited Liability company customer Credit Transaction Guarantee securities account and Guotai Securities Co., Ltd. Customer credit transaction guarantee Securities account holding company stock 2235405 shares,　　981000 shares and 630000 shares.　　And in the public thought that its reorganization is guaranteed, the Union letter of the eternal benefits but also issued a number of announcements. Union Letter Wynn June 13 night notice, the company's actual control is planning on the company's major assets reorganization matters, the company's shares since the opening of June 13 suspension.　　At that time, the company promised to strive to suspend business for less than 30 natural days, that is committed to the disclosure of major asset reorganization before July 12 plan.　　But then, we can see that the letter of the Wynn in June 19, 26th, July 3, 10th, 17th, 24th, 31st, August 7, 14th, 21st, 28th and September 4 have issued major asset reorganization Progress Bulletin, said the matter remains uncertain, the company will continue to suspend business. On September 12, the letter said that the company and the transaction has launched a number of friendly and sincere business negotiations, independent financial advisers and related intermediaries are conducting due diligence on the underlying assets, audit, evaluation andEarnings forecasts are still actively underway. It is also indicated that because of the complexity of the reorganization procedure, it takes a long time to discuss, demonstrate and perfect the scheme, and the related audit and evaluation of the underlying assets has not been completed. "I do not think the possibility of restructuring, there should be other companies involved, I guess is the Chengdu forward Electronic appliance group."　　Said the fund company researcher.　　The Chengdu striker, he believes, has been in the top shareholder list since the 2 quarter of 2012, after the Chengdu striker has been looking for a listing. But we see that, although the total assets of the joint Trust is only 935 million yuan, but its total liability has reached 394 million yuan, the ratio of assets to debt to 42.14%. "If it were me, I would not be very anxious to take over, will wait until the bankruptcy reorganization after the takeover, it is through the legal process, everything has been done." Or the original shareholders promised that the debt is on his back, otherwise the reorganization will not be quick. Hanchangyin, general manager of Shanghai one-German Asset Management Co., said to reporters.