Yu diamonds sharp rise in the stock price may be related to an equity change announcement of the company on the evening of the 19th, and the companys restructuring is expected to be ignited again.
It has been disclosed that sky Hongding has entered bankruptcy proceedings. In order to resolve the risk of entrusted loan project, xingkaiyuan No.8 asset management plan obtains 91954023 yudiamond shares held by sky Hongding through participating in judicial auction, which will be reduced in the next 12 months.
Henan diamond in the half year 2020 report shows that Beijing Tianzheng ocean fund management center (limited partnership) (hereinafter referred to as Tianzheng ocean) ranks the largest shareholder of the company with its share of 29million shares accounting for 19.07%. Tianzheng Yuanyang and sky Hongding are controlled by the same subject. According to the information website of the national enterprise bankruptcy reorganization case, the first intermediate peoples Court of Beijing has accepted the bankruptcy and liquidation application of its creditors to the two companies.
In this context, the purpose of xingkaiyuan No.8 asset management plan to transfer Henan diamond shares is questionable.
On the evening of October 20, the management department of gem issued a letter of concern to Yu diamond, asking the company to specify the shareholding purpose of xingkaiyuan No.8 asset management plan, whether the increase or decrease of the shares of the listed company in the next 12 months will lead to the change of the companys control right, and whether there is a follow-up plan to adjust the assets and business of the listed company.
Regulatory requirements further alert risk
It is worth noting that Yu diamonds share price rise is not consistent with the companys basic situation.
Because the company is suspected of illegal information disclosure, Yu diamond has received the Notice of investigation of China Securities Regulatory Commission on April 7, 2020. In the half year of 2020, the companys net profit loss attributable to shareholders of listed companies was 357.1448 million yuan, down 853.67% compared with the previous year. In 2019, the companys net profit attributable to shareholders of listed companies was 5196.5494 million yuan, a decrease of 5493.97% compared with the same period of last year.
According to the letter of concern, since 2018, some cooperative banks and non bank financial institutions of Henan diamond have cut off loans, withdrawn loans or asked the company to repay in advance. As of the end of June 2020, the company had a balance of 2.5709 million yuan of monetary funds on hand, and asked the company to explain whether there is still liquidity risk in the balance of available monetary funds At the end of the third quarter, whether there are still operational risks such as losses. In addition, the concern letter also requires Yu diamond to verify whether there are major information that should be disclosed but not disclosed by the company, the controlling shareholders and the actual controller, and whether there are major matters in planning; and whether the company has been interviewed by the media, institutional research, we media publicity, and investor relations activities in recent three months, and whether there is any violation of the principle of fairness of information disclosure or misleading The situation of investors. Source: Securities Times editor in charge: Yang Bin_ NF4368
According to the letter of concern, since 2018, some cooperative banks and non bank financial institutions of Henan diamond have cut off loans, withdrawn loans or asked the company to repay in advance. As of the end of June 2020, the company had a balance of 2.5709 million yuan of monetary funds on hand, and asked the company to explain whether there is still liquidity risk in the balance of available monetary funds At the end of the third quarter, whether there are still operational risks such as losses.