Shares of former chairman of Tianshen entertainment have been frozen and Buffetts lunch has been photographed

 Shares of former chairman of Tianshen entertainment have been frozen and Buffetts lunch has been photographed

Tianshen entertainment pointed out that it was recently informed that the companys shares held by Zhu ye, a shareholder holding more than 5% of the companys shares, had been frozen on a waiting list after checking the detailed list of securities pledge and judicial freezing and the data sheet of securities waiting for freezing of China Securities Depository and Clearing Co., Ltd.

Source: Tianshen entertainment announcement

According to the announcement of Tianshen entertainment, the second intermediate peoples Court of Beijing applied to freeze all shares of Tianshen entertainment held by Zhu ye from November 11, with a waiting period of 36 months.

As of September 30, 2019, the total number of common shareholders is 51788. Zhu Ye holds 14.01% of the companys shares and more than 130 million shares, according to the three quarterly report recently disclosed by Tianshen entertainment. It is worth noting that 129 million of them are pledged, and all 130 million of them are frozen.

Tianshen entertainment stressed that the freeze of Zhu Yes shares by judicial waiting did not affect the normal production and operation of the company.

Warren Buffetts charity lunch

In 2015, Zhu ye, then chairman of Tianshen entertainment, became famous overnight by taking Buffetts charity lunch for over $2.34 million. Zhu ye said at that time, after meeting Buffett, the biggest inspiration is that the game industry is still very good. I personally think that the game industry is the most profitable industry in China, making more money than film and television.

After Zhu ye had lunch with Buffett, the share price of Tianshen entertainment experienced a wave of rise, reaching a peak on December 9, 2015, with a total market value of nearly 350 yuan. It is sad that since then, as the first share of Chinese Games, Tianshen entertainment has never recovered. By the end of November 14, Tianshen entertainment closed at 2.53 yuan / share, with a total market value of only 2.358 billion yuan.

According to the annual report of Tianshen entertainment in 2018, the annual revenue of 2018 was 2.599 billion yuan, down 16.20% from the same period of last year, and the net profit attributable to the parent company was - 7.15 billion yuan, down 803.52% from the same period of last year.

In 2018, Tianshen entertainment lost more than 7 billion yuan. This year seems to be another year of loss. In the first three quarters of 2019, revenue of Tianshen entertainment reached 1.038 billion yuan, down 44.46% year on year; net profit lost 406 million yuan, down 261.61% year on year.

It is reported that Zhu Ye resigned as chairman and general manager of Tianshen entertainment on September 19, 2018, and the current management of Tianshen entertainment has disappeared. (Zhongxin Jingwei APP)

Source: Zhongxin Jingwei editor in charge: Wang Xiaowu NF