There are 3 trading days left, whether the closing price can return to the face value of 1 yuan will decide whether the delisting; On the critical moment of fate, *ST Gold yu suddenly announced by the case investigation!
*ST Jinyu used to be Xu Xiang concept stocks, now the latest closing price is only 0.9 yuan, leaving a market value of only 1.21 billion yuan; Shares are down 96 percent from their 2015 peak.
As of the end of the third quarter of this year, *ST Jinyu shareholder number of 57,600.
He was suddenly placed under investigation
On the evening of December 17, *ST Jinyu announced that it had received an investigation notice from the China Securities Regulatory Commission (CSRC), which decided to place the company under investigation for suspected violations of information disclosure laws.
*ST Gold yu also said that the company to the judicial restructuring as the main line, take into account the operation of the principle. The company reorganization application has not been accepted by the court, the company whether to enter the reorganization process is uncertain.
A glimmer of hope in gangtiao:
Three days to go
It is worth noting that *ST Gold yu on December 17, the same day, just escaped from the “gate of death” before, was immediately put on record and investigated, the original glimmer of life was severely hit.
*ST Jinyu’s closing price has been below the par value of 1 yuan since November 25, and it has been below 1 yuan for 16 consecutive trading days until December 16. After the opening of trading on December 17, the trading limit of 0.82 yuan was sealed to death. If it closes at this price, it will be below 1 yuan for 17 consecutive trading days, and it will not return to the face value of 1 yuan even if the trading limit is extended for the next three trading days.
According to the par value delisting rule, delisting is triggered when the closing price is below par value (usually 1 yuan) for 20 consecutive trading days.
Life hangs a line, end disk *ST Gold yu strong pull out of the day board, trading to close at 0.9 yuan, the future as long as 2 trading can be back to 1 yuan face value, there is a face value to avoid delisting opportunities.
Now, suddenly, it is under investigation again. The $40 million bought on December 16 hangs in the balance.
Net friend: this juncture investigation
Open hang down limit directly
As of the end of the third quarter of this year, *ST Jinyu shareholder number is still 57,600.
In the stock bar, netizens are also worried that after the opening on December 17, the stock price may be stampeded, the opening direct hang down limit.
Shares tumble 96% :
$26 billion went up in smoke
*ST Jinyu full name Dongfang Jinyu, due to the trend of Daniel in 2015, has A share “jade first” said. The company for two consecutive years of losses, in June this year was implemented delisting risk warning, was also the concept of Xu Xiang speculation stocks.
In the highlight moment of 2015, in July of that year, the company’s market value was close to 28 billion yuan at one time. Now, its market value is only 1.2 billion yuan. In just a few years, the company’s share price has fallen by more than 96% and its market value has evaporated by more than 26 billion yuan.
Continuous fraud is subject to regulatory penalties
Companies have also been punished for counterfeiting. On December 7 this year, the Shanghai Stock Exchange issued a supervision letter against the financial fraud and illegal behavior of Dongfang Jinyu, its controller and relevant persons, and made a disciplinary decision of criticizing the company and relevant persons, publicly recognizing and condemning them.
According to the letter of decision, *ST Jinyu was found to have made up sales and procurement transactions, as well as falsified records in its annual reports of 2016, 2017 and 2018.
According to the Decision Letter, in the annual reports of 2016, 2017 and 2018, the operating revenue of *ST Jinyu increased by 142 million yuan, 295 million yuan and 120 million yuan respectively; Inflated operating costs of 47 million yuan, 110 million yuan and 41 million yuan; The total inflated profits were 95 million yuan, 184 million yuan and 79 million yuan, accounting for 29.60%, 59.7% and 211.48% of the total profits in the consolidated profit statement of the current period respectively. In addition, in the 2018 semi-annual report, *ST Jinyu also inflated its receivables by 77 million yuan.
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