Taihe group received the supervision letter from Shenzhen Stock Exchange: it failed to disclose the information of reducing 22.41 million shares in time

category:Finance
 Taihe group received the supervision letter from Shenzhen Stock Exchange: it failed to disclose the information of reducing 22.41 million shares in time


According to the Shenzhen Stock Exchange, due to the default of Taihe Investment Groups pledge of shares to Shenwan Hongyuan Securities Co., Ltd., Fuzhou intermediate peoples Court of Fujian Province issued a Notice of assistance in execution to Shenwan securities on September 15, 2020, requiring Shenwan securities to assist in the realization of 68 million shares of Taihe Group held by Taihe investment through centralized bidding trading or block trading.

According to the announcement on passive reduction of some shareholders shares by judicial enforcement disclosed by Taihe Group on October 24, from September 30 to October 23, Taihe investment passively reduced 22416941 shares of Taihe Group, accounting for 0.99% of the total equity of Taihe Group, and the transaction amount was 96.3473 million yuan. In addition, in the performance forecast of Taihe Group in the first three quarters of 2020, it was mentioned that within 10 days before the performance forecast, Taihe investment passively reduced 13607541 shares of Taihe Group, accounting for 0.54% of the total equity of Taihe Group, and the transaction amount was RMB 59.58 million.

According to the regulatory letter of Shenzhen Stock Exchange, we hope that Taihe investment, Taihe Group and all its directors, supervisors and senior managers can learn from the lessons, strictly abide by the securities law, the company law and other laws and regulations, the stock listing rules of the stock exchange, the standard operation index of listed companies and other provisions, and truly, accurately, completely, timely and fairly perform the obligation of information disclosure This kind of incident happened.

Since announcing the introduction of Vanke to promote the companys debt restructuring, Taihe has not yet announced the progress of debt restructuring.

On July 30, the controlling shareholder of Taihe, Huang Qisen, the actual controller of the company, and the wholly-owned subsidiary of Vanke holdings and Hainan Wanyi Management Service Co., Ltd. signed the framework agreement on share transfer. Taihe investment intends to transfer 19.9% of the companys shares held by it to Hainan Wanyi. The transfer price is 2.426 billion yuan, and the payment method is cash payment. However, there are preconditions for share transfer in the framework agreement of share transfer: it is necessary for Taihe to formulate a debt restructuring plan and reach an agreement with creditors. The debt restructuring scheme can support the company to resume normal operation and support the companys sustainable operation. The above-mentioned role of the debt restructuring scheme can be unanimously recognized by Taihe investment and Hainan Wanyi. According to the announcement, Vanke has the right to unilaterally terminate the agreement if all the agreed conditions are not met before September 30, 2020 and are not exempted by Vanke. On September 29, Taihe Group announced that some terms of the agreement previously signed with Vanke had not been fully met, and Vanke had no intention to unilaterally terminate the agreement. At the same time, so far, Taihe has 7 bond defaults. According to the performance forecast data of the first three quarters previously released by Taihe, as of the end of September, the net profit loss attributable to shareholders of listed companies was between 1.65 billion yuan and 2.23 billion yuan, with a profit of 2.121 billion yuan in the same period of 2019. In the third quarter from July 1 to September 30, the net profit of Taihe Group attributable to shareholders of listed companies lost 302 million yuan to 408 million yuan, with a profit of 560 million yuan in the same period of 2019. As of the end of the 4th, Taihe Group reported 3.86 yuan / share, down 0.52%, with a total market value of 9.607 billion yuan. Source: surging news editor: Wang Xiaowu_ NF

On July 30, the controlling shareholder of Taihe, Huang Qisen, the actual controller of the company, and the wholly-owned subsidiary of Vanke holdings and Hainan Wanyi Management Service Co., Ltd. signed the framework agreement on share transfer. Taihe investment intends to transfer 19.9% of the companys shares held by it to Hainan Wanyi. The transfer price is 2.426 billion yuan, and the payment method is cash payment. However, there are preconditions for share transfer in the framework agreement of share transfer: it is necessary for Taihe to formulate a debt restructuring plan and reach an agreement with creditors. The debt restructuring scheme can support the company to resume normal operation and support the companys sustainable operation. The above-mentioned role of the debt restructuring scheme can be unanimously recognized by Taihe investment and Hainan Wanyi. According to the announcement, Vanke has the right to unilaterally terminate the agreement if all the agreed conditions are not met before September 30, 2020 and are not exempted by Vanke. On September 29, Taihe Group announced that some terms of the agreement previously signed with Vanke had not been fully met, and Vanke had no intention to unilaterally terminate the agreement.

At the same time, so far, Taihe has 7 bond defaults.

According to the performance forecast data of the first three quarters previously released by Taihe, as of the end of September, the net profit loss attributable to shareholders of listed companies was between 1.65 billion yuan and 2.23 billion yuan, with a profit of 2.121 billion yuan in the same period of 2019. In the third quarter from July 1 to September 30, the net profit of Taihe Group attributable to shareholders of listed companies lost 302 million yuan to 408 million yuan, with a profit of 560 million yuan in the same period of 2019.

As of the end of the 4th, Taihe Group reported 3.86 yuan / share, down 0.52%, with a total market value of 9.607 billion yuan.