Shares "fall endlessly" Tibet Everest's major shareholders are closed
According to the announcement, the passive reduction of Ge Shixiangjin due to debt problems caused the shares pledged to Wanxiang Trust, Hualin Securities , Tibet Trust, and Kyushu Securities to be disposed of overdue. The price range for the reduction was 9.9-12.55 yuan. Through centralized bidding The total amount of reductions in transactions and block trades was 230 million yuan.
In fact, this is not the first time that Everest of Tibet has disclosed the passive reduction of Ge Shixiang Gold. As early as last October, the company disclosed the passive reduction of the shareholder once. It was also because the pledged repo business breached the contract and was forced. Closed 1.65% of company shares.
According to public information, in the past six months, Ge Shixiang Jin has passively reduced its holdings of 5.10% of the company's shares. As of now, Ge Shixiang Jinshang holds 10.22% of the company's shares, which are still all pledged.
It is reported that Ge Shixiang Gold originally held 140 million shares of listed companies, accounting for 15.31% of the company's total share capital, all from a judicial transfer more than three years ago. That is, in July 2016, due to the dispute over the Oriental Foreign Trade Contract of the company's former second largest shareholder, the relevant equity was transferred judicially.
The substantial liquidation of the company's major shareholders is closely related to the company's performance in the secondary market. A reporter from the Associated Press noted that the share price of Everest in Tibet has fallen from 28.19 yuan at the end of May last year to yesterday's closing price of 12.41 yuan, a drop of 55.98% in just six months. The current stock price is at its lowest point in nearly three years.
Behind the decline in the company's stock price is its unsatisfactory fundamentals. According to the third quarter report, the company achieved revenue of 1.570 billion yuan in the first three quarters of this year, a decrease of 14.40% year-on-year, and realized a net profit of 769 million yuan, a significant decline of 32.34% year-on-year. According to the relevant staff of the listed company: "The company's performance is down, there is no way, and the entire non-ferrous metal industry is in a slump."
Regarding the current state of the company's secondary market, market discussions have been divided into two groups. Some believe that the large shareholder Ge Shixiang's pledge rate of 100% is likely to trigger a "out of stock" again, leading to passive reductions.
In response to such concerns, the listed company responded: "At present, it is not possible to rule out the possibility of continuing to reduce holdings, but his reduction limit has actually been used up, and (according to regulations) shareholders have reduced their holdings by more than 1 through concentrated transactions for three consecutive months %, The bulk transaction does not exceed 2%, and the reduction limit has basically been used up. "
Some people in the market expressed optimism that the prices of zinc, etc., which are involved in the company's main business, have risen sharply, and the company's stock price may usher in a sharp rise.
However, the above staff said that the zinc price is currently increasing, but the increase is not large; the prices of non-ferrous metals such as lead and copper involved in other companies are basically stable. Positive impact. As of midday trading today, Tibet's Everest closed at 12.28 yuan, down 1.05%.