On the evening of July 21, Beixun Tui announced that the company’s shares had been terminated by Shenzhen Stock Exchange and would be delisted on July 23.
This means that after waiting for one year, the 34300 shareholders of Beixun will accept this “judgment”, and today will be the last time for Beixun’s shareholders to flee. Surprisingly, Beixun retreat closed at 0.37 yuan yesterday, up 5.71%.
Source: Oriental Wealth trading software
The 30 billion Bull Stock consolidation period will end today
According to the announcement, Beixun will enter the delisting period on June 10, 2021. After 30 trading days in the delisting period, the final trading day will be July 22, 2021, and it will be delisted on July 23, 2021.
Beixun retreat, formerly known as Qixing iron tower, was listed on Shenzhen Stock Exchange on February 10, 2010, but its performance has been declining since then. In 2014, Qixing group, the controlling shareholder of Qixing iron tower, transferred 18.89% of its shares to Longyue investment at a price of 760 million yuan. Through repeated increases, the shareholding ratio of Longyue investment increased to 31.87%.
In 2017, Qixing tower will raise 5.03 billion yuan to acquire 100% equity of Beixun Telecom Co., Ltd. and invest in the expansion project of Beixun Telecom’s dedicated wireless broadband data network. Subsequently, Qixing tower was changed to Beixun group. Stimulated by this news, the company’s share price also reached the highest of 28.5 yuan / share in March 2018, and its market value exceeded 30 billion yuan.
In the last year of the performance commitment period, the performance of Beixun group suddenly changed in 2018.
On January 31, 2019, Beixun group released the revised announcement of 2018 performance forecast, which revised the original expected profit of RMB 572 million to RMB 733 million to RMB 845269 million to RMB 182 million. On April 27, the company revised the performance forecast again, saying that the good profit turned into a loss of 1.035-1.552 billion yuan.
In this regard, the company said it was due to overdue debts, freezing of bank accounts, impairment of goodwill and other issues in 2018. Finally, in 2018, the company’s loss reached 1.11 billion yuan, and in 2019, the loss continued to expand to 2.43 billion yuan. The annual report was also issued an audit report that could not express an opinion, and the listing of shares was suspended.
As of the close of July 21, the company’s share price was 37 yuan, with a market value of 402 million yuan. Compared with the highest point, it has dropped 98%. According to the first quarter report, the company has 34300 shareholders, with an average holding amount of 29600 yuan.
article links：Countdown to the end of 30000 shareholders' escape
Reprint indicated source：Spark Global Limited information