“A shares the strongest suspension nail household” and an accident!20, 000 shareholders are in tears after being refused to resume the listing and being investigated

2022-05-11 0 By

China Fund news reporter Li Zhi was suspended more than 1000 days *ST Deao resume listing application was rejected, just by the CSRC investigation, 24,000 shareholders tearless.*ST Deao by the SFC investigation is known as the “A shares the strongest suspension house” *ST Deao and booth on the matter.In the evening of February 17, *ST deao announced that the company received the China Securities Regulatory Commission “filing notice” (securities regulatory filing word 0062022008).In accordance with securities Law of the People’s Republic of China, Administrative Punishment Law of the People’s Republic of China and other laws and regulations, the CSRC decided to file a case against the company on January 24, 2022 for suspected information disclosure violation.*ST Deao said that the company will actively cooperate with the regulatory authorities investigation, continue to pay attention to the follow-up development, timely fulfill the information disclosure obligations in accordance with the provisions.In fact, on February 16, *ST Deao received the Shenzhen Stock Exchange issued “on the decision not to agree to DEA General Aviation Holding Co., Ltd. Stock resume listing application”, *ST Deao resume listing application was rejected by the Shenzhen Stock Exchange.The announcement shows that due to the negative audited net assets of *ST Deao in 2017 and 2018 for two consecutive fiscal years, the company’s shares have been suspended from listing since May 15, 2019.In July 2020, *ST Deao submitted an application for stock resumption to shenzhen Stock Exchange and was accepted.February 8, 2022, *ST Deao disclosed “Notice on receipt of sponsor institutions to terminate the resumption of listing sponsor notification letter”.Notice said, the company to resume listing sponsor agency Federal Reserve Securities said that there is sufficient reason to believe that your company has not been eligible to resume listing, no longer for *ST Deao resume listing to provide recommendation services.On February 14th, the 10th Listing Committee of Shenzhen Stock Exchange held the 383rd working meeting and reviewed the application for the resumption of listing of *ST German and Austrian stocks.According to relevant regulations, *ST Deao does not comply with the provisions on resuming listing of suspended companies.The listing committee did not approve *ST Deao’s application to resume listing.In the end, the Shenzhen Stock Exchange decided not to agree to the resumption of the listing of *ST.In fact, before this, *ST Deo had a struggle.In the announcement of four thousand words, *ST Deao responded to the questions raised in the letter of concern of shenzhen Stock Exchange.*ST deao said, although the Federal Reserve Securities and that *ST deao has not met the conditions to resume listing, the resumption of the listing sponsor work, but *ST deao believes that the Federal Reserve securities this statement does not have an objective basis, the company believes that they still have the conditions to resume listing.The contradiction between reforming investor Cao Sheng and the first major shareholder Xun Chart education has not had an impact on the corporate governance structure.And I believe that the company meets the conditions of applying for resumption of listing in Article 14.2.1 of the Listing Rules of Shenzhen Stock Exchange (Revised in November 2018).However, disappointing, in the *ST Deao suspension of more than 1000 days, also failed to straighten out the company’s internal and external affairs.December 10, *ST deao released “controlling shareholders part of the shares were frozen by the judicial notice”, the company’s major shareholder Xun Chart education (real controller Fang Kangning) held 5.56% of the shares were frozen by the judicial, and filed a lawsuit to the court is another shareholder of *ST Deao Cao Sheng.Subsequently, the 6 shareholders of *ST Deao also signed the “agreement for concerted action and voting right entrustment”.Based on security company steady development, improve the efficiency of the company’s business decisions, Chen Yichao, zhangyu, Yang Weijian, Yang is the younger sister, Cao Sheng in deo general aviation co., LTD., board of directors, the shareholders meeting convened, proposals and voting behavior take “concerted action”, and unified commissioned Yang Mingyu exercise their voting rights in the general meeting of shareholders.Together, the shareholders hold 18.10 per cent of *ST Deao, close to The 20 per cent held by Xuntu education.The above shareholders are restructuring investors of *ST Deao.However, the situation has also attracted the attention of the Shenzhen stock Exchange.In the letter of concern, the Shenzhen Stock Exchange required *ST deao to explain the specific situation of the dispute between Cao Sheng and Xuntuo Education, whether there is a risk of judicial auction of subsequent shares, whether the relevant restructuring investors participate in the bankruptcy restructuring of your company through proxy holding and other ways.In this regard, *ST deao said that Cao Sheng and young micro and its related parties between the existence of creditor’s rights and debts.As ZHONGyou Micro and its related parties failed to pay off the debts to Cao Sheng within the time limit, Cao Sheng applied to the court for pre-lawsuit property preservation.At the same time, there is no proxy.As for why to sign the agreement, *ST Deao responded in the announcement, one is due to the company’s losses in the first three quarters of this year, hope to participate in the company’s business decisions through the arrangement of concerted action, and play a supervisory role;Second, it has been one and a half years since the company submitted the application to resume its listing in 2020. As a financial investor for restructuring, the company hopes to resume its listing as soon as possible by integrating resources.Third, the company’s real controller Fang Kangning has a lawsuit.It is understood that *ST Deao’s predecessor Schindler mold was founded in 1993, is a foreign joint venture for household appliance brands to do supporting business.A few years later, it moved into the home appliance business and, after several name changes, listed under the brand name “Ilip” in 2008.But I didn’t expect that the listed five years later, the original shareholders all fled away, and the company in 2013 to formulate general aviation development strategy planning, clear the company into the general aviation domain, the civilian coaxial twin rotor helicopter, unmanned aerial vehicles and aircraft engine niche strategic layout, form innovation appliance business and general aviation business double business model.Since then, *ST Deao has started a surge mode, with its share price rising 150-fold in three years and hitting an all-time high in May 2015.Then the stock price volatility, 2017 intended to take over the zhenai network suddenly refused, once again let *ST Deao’s stock price fell into the abyss, unable to recover after a setback.Before the suspension, *ST deao’s total market value of only 1.8 billion yuan.*ST Deauer, which has been repeatedly abandoned by shareholders, has also underperformed in recent years.In the first three quarters of this year, *ST Deao turned from profit to loss, and the net loss of 24.6929 million yuan after deducting non-recurring gains and losses attributable to shareholders of listed companies in the first three quarters.Company explained that due to the dollar/yuan rate compared to the same value as well as the price of raw materials from the last to year-on-year surge at the end of this period and has been in a high impact procurement costs significantly promoted, also affected by the local energy consumption policies such as the summer peak electricity, indefinite term electricity company, spontaneous electric and other measures to ensure production rising cost of fuel, power and so on comprehensive effects,The company’s operating cost increased more than the operating income increased, gross margin and gross profit decreased.Up to now, *ST Deao still has 24,000 shareholders, tearless.Edit: Captain fryer!Clearance 10 times big stock: Hillhouse HHLR40 billion shareholding exposure!Cut positions to fight more, crazy buy ideal, Xiaopeng, Southeast Asia small Tencent……