30000 shareholders cant sleep! Another company has been suspended from listing, and 20 billion of them have disappeared

category:Finance
 30000 shareholders cant sleep! Another company has been suspended from listing, and 20 billion of them have disappeared


uff081uff09 In 2020, the company will take careful measures to ensure the strict implementation of various governance systems, and ensure that the corporate governance is standardized, the internal control is strict, the management is scientific and the risk is controllable.

uff082uff09 The management of the company will focus on strengthening communication with creditors, and take effective measures, including but not limited to the establishment of a rescue fund and the introduction of strategic investors, to solve litigation disputes, and to solve matters such as assets and accounts being frozen, external guarantees, contingent liabilities, etc.

According to the public data, the main business of * ST rich control is the R & D and operation of online game products, mainly including the development of interactive entertainment game software and the operation of game products.

As of the latest data, the market value of * ST wealth control is only 470 million yuan, and its share price is 0.82 yuan / share.

In 2001, the actual controller was changed to Zhou Zhengming, and the main business was changed to real estate development and operation and property management.

In 2010, the actual controller was changed to Bao Chongxian.

In 2011, the companys shares were suspended from listing once due to three consecutive years of losses from 2008 to 2010.

In July 2012, the companys shares resumed listing.

In 2015, the companys stock price once rose to a high of 38.94 yuan per share, with the highest market value exceeding 22.3 billion yuan.

In 2017, the company changed its name to fukong interactive, and its main business changed to R & D and operation of games.

On January 23, 2020, * ST wealth control disclosed the announcement of annual performance loss in 2019. It is estimated that the net profit attributable to shareholders of Listed Companies in 2019 will be - 868 million yuan, a decrease of 84.24% year-on-year.

On August 24, * ST wealth control released its 2019 annual report. In the report, the company wrote back the estimated liabilities of 1.886 billion yuan, the interest payable of 1.106 billion yuan, and confirmed the investment income of 2.992 billion yuan, which turned the net assets of the end of 2019 into a positive value.

On the same day, the Shanghai Stock Exchange issued a regulatory working letter, believing that * ST rich control was suspected of violating the accounting standards and disclosing false financial information in the annual report of 2019, and requested that the matters violating the accounting standards be corrected as soon as possible.

On August 26, the Shanghai regulatory bureau of the China Securities Regulatory Commission (CSRC) asked * ST fukong to explain the issues related to the write back of estimated liabilities and bad debt reserves.

On November 13, the Shanghai regulatory bureau issued the decision on administrative supervision measures, which held that the accounting treatment of the estimated liabilities, interest payable and penalty interest back of * ST wealth control was inappropriate, and ordered * ST rich control to timely revise and disclose the 2019 annual report.

On November 18, the Shanghai Stock Exchange issued a disciplinary decision, which held that the accounting treatment of the expected liability write back involved in the violation of * ST wealth control will directly affect the judgment of whether the companys net assets are negative and whether the shares are suspended from listing. It decided to denounce * ST fukong publicly, denounce the then chairman and general manager publicly, and publicly recognized the top punishment for life.

On November 24, * ST wealth control released the revised annual report for 2019 and the semi annual report for 2020. The net assets of the company at the end of 2019 were - 2.309 billion yuan; in the first half of 2020, the net profit attributable to the parent company was - 1.974 billion yuan, and the net assets at the end of June was - 3.338 billion yuan. By the end of November 24, the stock was trading at 0.82 yuan per share, with a market value of only 470 million yuan. For 13 consecutive trading days (from November 6 to November 24, 2020), the closing prices were all lower than the par value of the shares (i.e. 1 yuan). The daily economic news integrates China fund daily, public announcement of listed companies, etc. (for the purpose of transmitting more information through the app, it does not mean to agree with its views or confirm its description. The contents or data of the article are for reference only and do not constitute investment suggestions. Investors operate on this basis at their own risk.) Source: Daily Economic News Editor: Wang Xiaowu_ NF

On November 24, * ST wealth control released the revised annual report for 2019 and the semi annual report for 2020. The net assets of the company at the end of 2019 were - 2.309 billion yuan; in the first half of 2020, the net profit attributable to the parent company was - 1.974 billion yuan, and the net assets at the end of June was - 3.338 billion yuan.

By the end of November 24, the stock was trading at 0.82 yuan per share, with a market value of only 470 million yuan. For 13 consecutive trading days (from November 6 to November 24, 2020), the closing prices were all lower than the par value of the shares (i.e. 1 yuan).

(every time this article is posted on the app for the purpose of transmitting more information, it does not mean that you agree with its viewpoint or confirm its description. The contents or data of the article are for reference only and do not constitute investment suggestions. Investors operate on this basis at their own risk.)