Linyang Energy announced that the company’s controller and chairman received a lien notice and is assisting the supervisory authorities in cooperating with related investigation matters.
Just now, another A-share company’s chairman had an accident.
Lin Yang Energy (6.55-10.03%, shares) announcement shows that the company’s actual controller, the chairman of the board received a notice of detention, is assisting the supervisory authorities to cooperate with the relevant investigation matters.
Affected by this breaking news, the company’s share price fell in early trading today, convertible bonds plunged more than 20% during the day.
Suddenly! This company chairman was “lien” stock bonds plummeted
The company’s chairman was “liened” for the stock debt plunge.
Lin Yang Energy said that in the process of verification of the matter, Lu Yonghua can maintain contact with the management and participate in the board of directors, shareholders’ meetings and related business management decisions in accordance with the procedures.
Affected by the above news, Lin Yang Energy shares and bonds fell today.
Linyang Energy A shares plunged 9.75% at the opening today, and was held down by sell orders 1 minute after the start of the collection bidding.
It is worth noting that, in fact, in yesterday (February 1, 2021), Lin Yang Energy shares have fallen, yesterday the whole day turnover of 644 million yuan, compared with the previous trading day has a more obvious enlargement. So far, Lin Yang energy intraday for two consecutive trading days touched down.
Lin Yang convertible bonds also plunged today, down more than 20% intraday, and broke. Due to the excessive decline, reaching the relevant threshold of suspension, by the SSE intraday suspension.
The announcement of the SSE showed that the trading of Lin Yang convertible bonds showed abnormal fluctuations this morning. According to the relevant regulations, the SSE decided to suspend the trading of Lin Yang convertible bonds from 09:38 on 02 February 2021 and resume trading from 10:08 on 02 February 2021. The SSE reminded investors to pay attention to trading risks and rational investment.
Information shows that Linyang Energy is mainly engaged in intelligent, energy-saving, new energy business, the company’s intelligent segment business model mainly includes participation in the State Grid, South Network, local power companies and overseas power companies centralized bidding; through the country’s subsidiaries and marketing agencies to obtain local power companies and non-power company customer orders; through strategic cooperation, independent development, agent cooperation, joint ventures or acquisitions and mergers, etc. We obtain orders from overseas power companies and provide products and services to our partners.
The main business of the company’s new energy segment is the development, investment, design, construction, operation and service of various types of distributed photovoltaic power plants, including small, medium and large industrial and commercial rooftop power plants, ground-based distributed photovoltaic power plants, photovoltaic building integration, light charging and storage micro-grid, etc. As of the end of June 2020, the company’s total grid-connected capacity of various types of PV power plants is about 1.5GW, mainly concentrated in the central and eastern regions of Jiangsu, Anhui, Shandong, Henan, Hebei and the Hohhot region of Inner Mongolia.
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