Interface journalists| Yin Jingfei
The dream of asset restructuring was dashed, *ST celebrity （ 300506.SZ ） The stock price fell. As of June 18, the company's market value fell 3.91% to 1.72 yuan/share, less than 1.2 billion yuan.
The announcement on May 17, 2024 shows that * ST celebrities have been applied for bankruptcy reorganization by creditors and have applied to start pre reorganization procedures.
On May 22, an investor asked * ST celebrities on the interactive platform: what is the success rate of restructuring? What role will reorganization play in reversing the company's predicament?
At that time The company replied that: the company received the Notification Letter from the creditor to apply for reorganization of the company, and the specific probability of success is unpredictable at present. If the reorganization is successfully implemented, the company is expected to introduce new industries and investments, and is expected to improve the company's asset liability structure and promote the healthy development of the company.
Unexpectedly, on the evening of June 17, * ST celebrities announced that since the planning of this major asset restructuring, the company has actively organized relevant parties to promote this transaction in accordance with relevant laws and regulations, and has repeatedly discussed and communicated with the counterparty on this restructuring. Due to the long history of the self planning of this reorganization, the market environment has changed significantly from the beginning of this reorganization planning. The Korean shareholders of the target company refused to continue to give up the right of first refusal after the expiration of the period for giving up the right of first refusal to purchase the shares of the target company last time, and at the same time requested to give up the shares of the target company held by the Korean shareholders first. The parties to the transaction continued to communicate on the transaction scheme, and could not reach an agreement on the new transaction scheme. In order to effectively safeguard the interests of the company and all shareholders in the light of the current market environment, after consultation with other parties to the transaction and deliberation by the Board of Directors, the decision was made to terminate this major asset restructuring.
The company's annual operating income in 2023 will be 81.1264 million yuan ， A year-on-year decrease of 34.02% ； Huge net profit attributable to parent company Loss 376 million yuan 。 follow-up *ST celebrity Whether the stock price will continue to fall is unknown. As of May 10, 2024, the number of shareholders of the company reached 22000.
In the near future, restructuring has become the lifeline of ST Company.
On June 17, *ST Hong Tao （002325.SZ） Chairman Liu Nianxin Releases Open Letter Said, He claimed that in order to save * ST Hongtao, he was on the verge of ruin.
According to the news on June 17 on the WeChat official account of Hongtao Shares Said that the company was trying to carry out judicial reorganization. According to the company, Through judicial restructuring, Hong Tao actively introduced external industrial investors and strengthened industrial coordination and transformation. In recent years, the company has been trying to cooperate with external investors. Recently, the company signed the Voting Rights Entrustment Agreement with Yinggu Energy Technology (Zhejiang) Co., Ltd., which is a formal agreement rather than an agreement of intent. Yinggu focuses on the upstream and downstream industries of new energy, including wind power solar energy Photovoltaic power generation and energy storage related businesses, whose associated or controlling companies have built wind farms, will have strategic synergy with Hongtao Energy in the future in terms of new energy; In addition, Yinggu decided to buy no less than 50 million yuan of company shares in the secondary market. We hope that through our cooperation with Yinggu, we can empower Hong Tao's main business and improve his ability to continue as a going concern.
As of June 18, *ST Hong Tao It fell again to the limit of 0.56 yuan/share, with a market value of less than 1 billion yuan.
Since June, Rendong Holding （002647.SZ)、 Shanggong Shenbei （600843.SH）、 *ST Ningke （600165.SH）、 Macalline （601828.SH，01528.HK）、 *ST step height （002251.SZ）、 *ST Hetai （002217.SZ）、 Industrial silver tin （000426.SZ）、 *ST has tree （300209.SZ）、 *ST East Park （002310.SZ）、 Tongji Technology （600846.SH）、 *ST Jinglan （000711.SZ）、 *ST Jiayu （300117.SZ）、 ST new fiber (002341. SZ), La Chapelle (06116. HK Smart agriculture （000816.SZ）、S T Dima (600565. SH), * ST Mingjia (300506. SZ) ST Red Sun （000525.SZ）、 ST contact (002280. SZ), * ST Hong Tao (002325. SZ) *ST Jinke （000656.SZ）、 ST Zhongzhuang （002822.SZ）、 *ST Zhongli （002309.SZ） 23 listed companies have issued announcements about restructuring, including 13 listed companies involved in risk warning.
Except * ST Hong Tao Besides, there are ST Dima 、 ST Xinlun *ST Coship , ST Liaison, * ST Ningke ST Tianbang And other companies intend to apply to the court for reorganization and pre reorganization* ST Dongyuan and others have received the decision of the court to start reorganization and pre reorganization; The pre restructuring of Rendong Holding has been approved by Guangzhou Intermediate People's Court, and the pre restructuring period is 3 months 。
It is worth noting that the stock price often jumps after ST Company announces reorganization.
On May 29, ST Dima issued a notice on its intention to apply to the court for reorganization, On June 13, ST Dima official WeChat released an article entitled "Chongqing Municipal Government Holds a Special Coordination Meeting to Fully Support and Promote the Strategic Restructuring of Dongyin Group and Dima Shares".
The article said that on the morning of June 13, a special meeting on strategic restructuring of Dongyin Group and Dima was held in Room 2202 of Chongqing Municipal Government. Relevant principals from Chongqing Municipal Government, Chongqing Municipal Committee Finance Office, Chongqing Municipal State owned Assets Supervision and Administration Commission, Chongqing Supervision Bureau of Chongqing Municipal Financial Supervision and Administration Bureau, Nan'an District Government, Chongqing Development Investment Co., Ltd., China Resources Yukang Asset Management Co., Ltd. and others attended the meeting. The municipal government listened to the work reports of the relevant units and asked the special work team to speed up the progress, further increase the support for Dongyin Group and Dima, and spare no effort to maintain the stability of the listed company.
Affected by this news, the share price of ST Dima rose rapidly in the afternoon of June 13, and the company issued shares on June 18 Announcement of abnormal fluctuations in ticket trading: June 2024 The deviation of the closing price increase on June 13, June 14 and June 17 for three consecutive trading days accumulatively exceeded 12% 。 At the close of June 18, the company's share price rose 4.21% again, to 0.99 yuan per share, with a market value of nearly 2.5 billion yuan.
A board secretary of a listed company said to InterfaceNews that through bankruptcy reorganization, listed companies can reorganize their assets and debts, adjust their business model and restore their business ability. However, it is unknown whether the reorganization will be successful. It is a long and complex process from the reorganization application to the completion of the implementation of the reorganization plan, which is full of variables and uncertainties. ST Company faces many difficulties to achieve the success of reorganization. The reorganization procedure is complex, the cycle is long, the introduction of investors is difficult, the formulation and implementation of the reorganization plan is difficult, and the enterprise credit repair is difficult. Even if the listed company "temporarily retains" A shares through reorganization, it does not mean that it has entered a safe zone.
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