"4.8 billion yuan sky high price wedding" left a chicken feather! The equity was auctioned and the company faced delisting risk. The share price fell by the limit for four consecutive years

Recently, the 4.8 billion yuan "sky high wedding" between Liu Liang, the shareholder of Shanghai U9 Game Co.Ltd(600652) who once swiped the screen, and Dai Lin was mentioned again. The reason was an equity auction: the 11 million Shanghai U9 Game Co.Ltd(600652) shares held by Dai Lin were about to be auctioned online.

At the same time, due to the pre loss of Shanghai U9 Game Co.Ltd(600652) 2021 performance and the risk of delisting, the company's share price has fallen by the "one" limit for four consecutive trading days, the market value of Shanghai U9 Game Co.Ltd(600652) is only 1.43 billion yuan, and the wealth of Liu Liang and Dai Lin has shrunk from the peak of 6 billion yuan to tens of millions of yuan.

equity auctioned again

According to Alibaba's auction page, Shanghai U9 Game Co.Ltd(600652) shareholder Dai Lin's 11 million shares will be divided into 7.33 million shares and 3.67 million shares. Online auctions will be held on February 10 and February 17, with starting prices of 17.5187 million yuan and 8.7713 million yuan respectively.

Source: Ali auction

According to the company's announcement, before the auction, Dai Lin and Liu Liang, acting in concert, held a total of Shanghai U9 Game Co.Ltd(600652) 51610100 shares, accounting for 6.20% of the company's total share capital. If the above equity (accounting for 1.32% of the total share capital of Shanghai U9 Game Co.Ltd(600652) ) is auctioned successfully, the shareholding ratio of Dai Lin and Liu Liang, acting in concert, will be reduced to 4.88%.

Previously, Dai Lin and Liu Liang, who acted in concert, defaulted on the stock pledge financing business carried out with Yuantong pawn when it expired, and their 19.287 million Shanghai U9 Game Co.Ltd(600652) shares were forcibly disposed of by Yuantong pawn in accordance with the court's ruling. In addition to the 11 million shares auctioned this time, another 8.287 million shares have been processed through centralized bidding trading in the secondary market.

It is worth noting that although the first 7.33 million shares will be auctioned on February 10, there is still great uncertainty about whether they can be traded.

On January 27, the performance forecast released by the company shows that the company is expected to lose 65 million yuan to 80 million yuan in 2021, which is the situation that the company has suffered a net profit loss for two consecutive years and the operating income is less than 100 million yuan. Therefore, the company's shares are facing the risk of being delisted.

Affected by this, since January 28, the company's shares have experienced four consecutive "one" limit declines. On February 9, the company's shares closed at 1.72 yuan / share. Based on this calculation, the above 11 million stock market price to be auctioned is only 18.92 million yuan, which is seriously upside down with the starting price of 26.29 million yuan.

In fact, since this year, due to the decline of Shanghai U9 Game Co.Ltd(600652) share price, the auction of the above 11 million shares has been postponed once. The originally planned auction date is January 21. Hangzhou intermediate people's court has adjusted the starting price and postponed it. At present, the possibility of postponement or suspension of auction is still not ruled out.

In addition, the Shanghai U9 Game Co.Ltd(600652) equity held by Dai Lin and Liu Liang, who acted in concert, has not been auctioned for the first time. According to the announcement, the shares held by Dai Lin have been auctioned a total of 22.3464 million shares, accounting for 2.68% of the total share capital; The shares held by Liu Liang have been auctioned a total of 23166400 shares, accounting for 2.78% of the total share capital.

Source: company announcement

sky high price wedding left a chicken feather

On Valentine's day in 2019, Liu Liang ridiculed himself in his circle of friends for the screenshot of the sky high price wedding of 4.8 billion yuan. He swiped the screen directly on the Internet:

"Because when I got married, the market value of the stock in my hand was 6 billion yuan. Because we were both shareholders of a listed company and didn't make an announcement in advance, we were filed by the CSRC. The securities law stipulates that shareholders who are filed for any reason must reduce their holdings of shares six months after the case is closed. Six months after the case is closed, the market value of the stock will be 1.2 billion."

The reason for this is that in 2014, Shanghai U9 Game Co.Ltd(600652) in the process of backdoor listing of Aishi shares, it was clear that "Liu Liang and Dai Lin do not have any kinship or other related relationship, and there is no relationship of people acting in concert." Liu Liang and Dai Lin also promised to "not seek to become a person acting in concert".

In August 2015, Liu Liang proposed to Dai Lin on ChinaJoy. But the fact is that on January 18, 2015, Liu Liang and Dai Lin registered to get married and formed a relationship of acting in concert. As the second and third largest shareholders of Shanghai U9 Game Co.Ltd(600652) , their total shareholding ratio reached 19.59%, exceeding 17.11% of Tiantian technology, the first largest shareholder.

However, it was not until January 12, 2016 that Shanghai U9 Game Co.Ltd(600652) publicly disclosed the above matters for the first time in response to the inquiry letter of the Shanghai Stock Exchange. Liu Liang and Dai Lin were investigated by the CSRC on suspicion of illegal information disclosure. Finally, the Shanghai regulatory bureau of the CSRC gave a warning to Liu Liang and Dai Lin and imposed a fine of 300000 yuan respectively.

After Liu Liang and Dai Lin completed their performance commitments, Shanghai U9 Game Co.Ltd(600652) began to fall into the vortex of huge performance losses. In 2017 and 2018, Shanghai U9 Game Co.Ltd(600652) lost 422 million yuan and 891 million yuan respectively, so the company's shares were "wearing stars and hats". Now, the company is on the brink of delisting again.

In this process, the shareholding of Liu Liang and Dai Lin has also experienced pledge, position explosion, freezing and auction. At present, the market value of Shanghai U9 Game Co.Ltd(600652) is only 1.4 billion yuan, while the market value of Liu Liang and Dai Lin is only tens of millions.

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