ST India or delisting: 40 billion yuan of market value has been involved in Changan Twelve Hours

category:Finance
 ST India or delisting: 40 billion yuan of market value has been involved in Changan Twelve Hours


The market value has shrunk by more than 40 billion yuan, and net profit in the first half of the year has fallen by 523.90%.

According to the Shenzhen Stock Exchange, if the daily closing price of a listed company is lower than the face value of the stock (1 yuan) for 20 consecutive trading days, the ownership of Shenzhen Stock Exchange decides to terminate the listing of the companys shares.

* ST Printing and Discipline Announcement disclosed that the companys management is actively negotiating with relevant creditors to resolve debt default related matters. At present, the company has received a letter of intent to settle the debt issued by Minsheng Bank of China on September 4, 2019, agreeing to apply for bankruptcy settlement, and agreeing to the company to settle its debts through various means in bankruptcy settlement.

Up to now, the company is actively taking various measures to face the current delisting risk. Notice said.

* ST Printers semi-annual report of 2019 shows that the operating income during the reporting period was 59.8 million yuan, down 84.68% from the same period last year; the net profit of shareholders belonging to listed companies was 92 million yuan, down 523.90% from the same period last year.

In addition, the companys investment in the popular TV series Changan Twelve Hours has been broadcasted on Youku Platform. The semi-annual report of 2019 shows that Changan Twelve Hours is another excellent drama that the company invested after Military Division Alliance, but because it still takes time to confirm income distribution with the counterparty, income and investment returns are still in vogue. It was not confirmed during the reporting period.

In fact, * ST Printer has been charged with explosives. As early as 2013, Iron Man 3, which was produced by the Indian media, scored 754 million box office and ranked second in the mainland film box office in 2013. In addition, Indian media also participated in the production of films such as Dulala Promotion, Annular Messenger, Quick Peak and Extreme Pirates.

* ST Printing and Discipline Announcement shows that in September 2014, the company listed on the back of a shell. The company backed by the shell is Sichuan Gaojin Food Co., Ltd., which is a major pig farming enterprise.

Controllers cashed in fiercely and several senior executives resigned one after another

As of September 10, 44.04% of the shares held by Xiao Wenge, the largest shareholder of the company, were pledged. The shares of other shareholders are also pledged, and 6.03% of the shares held by the shareholder Anxin Trust Company Limited (Anxin Trust) are also pledged. This share was transferred to Anxin Trust by agreement during the Xiao Cultural Revolution in January 2018. In this transaction, Xiao Cultural Revolution cashed 1.36 billion yuan. In addition, all shares of the company owned by the shareholder Yinji Times (Tianjin) Enterprise Management Co., Ltd. and Beijing Yinji Huacheng Investment Center (Limited Partnership) are pledged.

According to public information, since 2018, Xiao Wenge, the accuser, has twice reduced his stake in print media, with a total cash of 2.4 billion yuan.

On Jan. 30, 2018, Indian Discipline Media issued the Notice of Promotional Change of Rights and Interests, in which Xiao Wenge, the actual controller, transferred 6.03% of the shares of his listed company to Anxin Trust by means of agreement transfer, with the transfer price of 12.74 yuan/share and a total of 1067,16800 shares. According to this calculation, Xiao Wenge cashed in 1.36 billion yuan in this transaction.

On May 8, 2018, Xiao Wen Revolution and its wholly-owned subsidiary, Yinji Huacheng, agreed to transfer 5% of their shares to Yu Xiaofei, a natural person. The transfer price was set at 1.180 yuan per share. In this transaction, Xiao Wen Revolution successfully cashed 1.04 billion yuan.

It is worth noting that on May 16, 799 million shares of Xiao Wenges whole company were frozen by the Peoples Court of Huangpu District in Shanghai and the Third Intermediate Peoples Court of Beijing on a waiting basis. The frozen period is three years, and the frozen shares accounted for 100% of the total shares held by Xiao Wenge.

Checking the public information of Shenzhen Stock Exchange, we can see that Zhang Bin, the supervisor of * ST Printing and Discipline, took a large cash flow through the secondary market from December 29, 2016 to August 13, 2018. During this period, 40.732.5 million shares were reduced, and 816 million yuan was arbitraged.

It is worth noting that in recent years, many senior executives of the company have left their jobs, while Xiao Wenge, the actual controller, and Zhang Bin, the senior executives, have been reducing their stakes.

Looking at the announcement of ST Printing Records in recent years, we can see that many senior managers have left their jobs one after another. In April 2016, Fu Yan, director and financial director of the company resigned; in April 2017, Li Rongqiang, director and member of the Board of Auditors, resigned; in July 2018, director Pu Jiafu resigned; in August 2018, directors Wu Fan, Guo Quanzhong and Zhang Ran resigned. In September 2018, director Fan Hong resigned and securities representative Liu Di resigned. Source: Wang Xiaowu_NF, Responsible Editor of Peng Mei News

Looking at the announcement of ST Printing Records in recent years, we can see that many senior managers have left their jobs one after another. In April 2016, Fu Yan, director and financial director of the company resigned; in April 2017, Li Rongqiang, director and member of the Board of Auditors, resigned; in July 2018, director Pu Jiafu resigned; in August 2018, directors Wu Fan, Guo Quanzhong and Zhang Ran resigned. In September 2018, director Fan Hong resigned and securities representative Liu Di resigned.