December 16 A-share closing, Kaidi retired the last trading day this end, the share price of only 0.15 yuan. And on December 17, the official delisting!
At its peak, the market value of Kaidi Retirement (Kaidi Ecology or Kaidi Power) had also reached a high of 27 billion, but now the market value is less than 600 million. The company’s share price last closed at only 0.15 yuan, the high level down also fell 98.68%.
In the past, Kaidi ecology or power, had put out a lot of bold words. It has been vowed to enter the world’s top 500 by 2020, and sales to reach 1 trillion in 2030. Now that 2020 is almost over, the top 500 did not enter, the exit came first.
The latest as of the end of September this year, the number of shareholders of Kaidi delisted 79,400 households.
17 delisted: Kaidi retreat high down plunged 99%
After the close of business on December 16, the evening of the same day. Kaidi retired issued an announcement, the company’s 30 trading days delisting period has expired, December 17 delisted!
Kaidi retired on November 5 into the delisting period, as of December 16 has completed thirty trading days, the delisting period is over, will be delisted on December 17 by the Shenzhen Stock Exchange.
Kaidi retreat said that it will do the follow-up related work in a timely manner, and it is expected that the company’s shares will be listed on the National Small and Medium Enterprises Stock Transfer System for transfer from the 45th transfer day from December 17, 2020.
Kaidi Retirement suspended its listing on May 13, 2019 due to the unavailable audit report issued on its financial reports for two consecutive years in 2017 and 2018.
The first annual report (2019 annual report) after the suspension, with negative net profit in 2019, negative net assets and an audit report with an unexpressed opinion on the 2019 annual financial report, touches the situation of delisting.
On October 28, 2020, the Shenzhen Stock Exchange decided to terminate the listing (delisting) of the company’s shares.
Just one stock, just delisted! Compounded to see, Kaidi retired in June 2015 high, the share price had reached 11.39 yuan (before compounding), and then plummeted all the way to only 0.15 yuan so far, the share price fell as much as 98.68%.
As a result of several changes in Kaidi’s share capital, the market value of Kaidi Ecology was as high as 27.3 billion yuan in December 2016, which is considered the relative peak of the stock market value, the market value of less than 600 million yuan so far, shrinking by more than 26 billion yuan.
Two major shareholders cut and run: more than a dime dip board crazy selling
It is worth noting that, in the delisting period plunge, the company’s second and third largest shareholders to more than 10 cents of the price desperately dumped fled.
In the evening of December 1, Kaidi retired announcement that the company’s shareholders Huadian Capital in November 27, 2020 and November 30, 2020, a total of 39.296 million shares, accounting for 1% of the total share capital of the company, the average price of the reduction of 0.18 yuan and 0.16 yuan, respectively.
Huabao Trust also reduced its holdings of 39,295,900 shares of Kaidi on November 30, 2020, with an average price of RMB 0.16.
From the trend chart can be seen, the above two major shareholders are delisted finishing period to reduce their holdings at a down price.
As of the end of the third quarter of this year, Huadian Capital and Huabao Trust are the second largest shareholder and the third largest shareholder of Kaidi Retreat, holding 400 million shares and 215 million shares of Kaidi Retreat respectively.
Repeatedly make wild claims: but year after year huge losses, debt, bank accounts were frozen
Kaidi retreat was originally listed in Hubei old power company, once named Kaidi Power, in 2015 after restructuring renamed Kaidi ecology, the market called the first stock of biomass power generation, the company became a biomass power generation as the main business, taking into account the wind power, hydropower clean energy platform-type companies.
In 2011, the company has been in the spotlight for the company’s claim that “Kaidi trillion is not a myth”, the company’s then chairman said that by 2015, only in the biomass sector, Kaidi will exceed 60 billion yuan. By 2020, the minimum sales will reach 200-300 billion yuan. By 2030, Kaidi’s future scale may do more than 1 trillion yuan.”
In 2015, after the company changed its name, the then chairman once again made the statement that the company would reach 300 billion yuan by 2020 and enter the ranks of the world’s top 500.
However, from 2015, 2016 net profit of 238 million yuan, 334 million yuan, the company from 2017 onwards, the company has been a huge loss, profit when the annual 200 million, 300 million yuan, loss of billions of a year. 2017 huge loss of 2.381 billion yuan, 2018, 2019 and 5.1 billion, 3.8 billion loss, the first three quarters of this year again 1.1 billion loss.
The huge losses also led to the company’s debt, repeated defaults, can not afford to pay off the debt, and the company’s net assets are up to negative 2.8 billion. December 11 announcement disclosed that the current Kaidi retreat overdue debt totaled 18.951 billion yuan, the latest period of audited net assets of the company is – 2.8 billion yuan, overdue debt accounted for the latest period of audited net assets of – 675.96%.
As of October 20, 2020, Kaidi Ecology has a total of 28 accounts frozen, the application freeze amount of 6,991,578,447.30 yuan, the balance of the frozen account is 4,670,212.70 yuan.
80,000 shareholders dumbfounded, netizens: finally delisted, buy or not buy has been tormented!
As of the end of September this year, Kedi retired there are still 79,400 shareholders. And in the stock bar, there are also netizens said that 2/3 of the assets have shrunk significantly, sell or not to sell has been tormented, finally delisted.
For those who do not know whether to sell or not, the delisting may not have to consider selling or not for the time being.
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