Selling diving suits requires more than 7000 cross-border chip shareholders to file a case for investigation

category:Finance
 Selling diving suits requires more than 7000 cross-border chip shareholders to file a case for investigation


After two delayed replies, the company finally explained the situation on the evening of October 20: on March 12, 2020, the company signed a letter of intent for equity acquisition with Hefei high tech Datang Industrial investment partnership (limited partnership), Hefei Yichao Electronic Technology Co., Ltd. and Hefei Ruihan Electronic Technology Co., Ltd. through this transaction, the company is expected to hold shares directly and indirectly Way to hold 84.116% equity of Hefei Datang Storage Technology Co., Ltd. After the signing of the agreement, the company actively communicated and negotiated with the trading party and the target company through telephone, wechat, letter, on-site meeting and other ways, so as to promote the online and offline due diligence work of intermediary agencies. Affected by the epidemic, the on-site communication of all parties decreased, and the communication efficiency decreased, which affected the project progress to a certain extent.

The communication and consultation mainly focuses on the merger and acquisition, involving audit, evaluation, merger agreement, performance commitment and other contents. Because the target company is still in the early stage of business development, the historical income is less, and there is certain uncertainty in the future development. The company hopes the counterparty to provide performance commitment to ensure the interests of listed companies. through

After repeated communication, the trading partner failed to reach an agreement with the specific terms of the employment performance commitment of the listed company.

After self-examination, the company does not exist through information disclosure with stock price speculation.

Cross border dream breaking, stock bar frying pan

According to the public data, China submersible is a domestic supplier specializing in the production of diving equipment products and providing diving services. It is mainly engaged in the research and development, production and sales of protective equipment suitable for all kinds of people, diving, fishing and hunting activities. However, since last year, it has planned cross-border acquisitions for many times, and all of them have been terminated or there are significant uncertainties. Nevertheless, the companys share price has soared from about 10 yuan in early May 2019 to the highest price of 182.78 yuan in April this year, which has risen 17 times in less than a year, and the market value has increased from more than 2 billion yuan to more than 36 billion yuan.

Many attempts to acquire technology enterprises have been questioned and hyped

In March this year, the company issued a suggestive announcement on the acquisition of 84.1% of Datang Storage Technology Co., Ltd. Datang storage focuses on the design and development of memory control chips, mainly engaged in integrated circuit design; research and development and sales of integrated circuits, electronic components and related products; research and development of electronic products, computer hardware and software, communication products, multimedia equipment, network equipment, etc. However, according to the data, the net profit of Datang storage in 2019 is about - 8.1 million yuan, and the total debt is about 17.34 million yuan, which is higher than the total net assets. In April this year, the company sold Shanghai Zhaoxin and announced the acquisition of Huanya semiconductor (Hong Kong) Co., Ltd., which can be described as keen on cross-border acquisition of chip related technology enterprises. However, it is worth noting that the cross-border target enterprises have no assets, no liabilities, no revenue, or are insolvent, and its high-profile and high-priced acquisition of joint venture is also unsatisfactory, and it is only a chip product distributor. And the various actions of China submarine shares have also caused regulatory authorities to send letters repeatedly asking whether there is speculation on the stock price through acquisition. Daily economic news comprehensive company announcement, China times, market open news source: Daily Economic News responsible editor: Chen Hequn_ NB12679

In April this year, the company sold Shanghai Zhaoxin and announced the acquisition of Huanya semiconductor (Hong Kong) Co., Ltd., which can be described as keen on cross-border acquisition of chip related technology enterprises. However, it is worth noting that the cross-border target enterprises have no assets, no liabilities, no revenue, or are insolvent, and its high-profile and high-priced acquisition of joint venture is also unsatisfactory, and it is only a chip product distributor. And the various actions of China submarine shares have also caused regulatory authorities to send letters repeatedly asking whether there is speculation on the stock price through acquisition.