After the application for resumption of listing of Dea General Aviation Holding Co.Ltd(002260) suspended for more than 1000 days was rejected, it was just filed for investigation by the CSRC, and 24000 shareholders wanted to cry without tears.
Dea General Aviation Holding Co.Ltd(002260) was filed for investigation by the CSRC
The Dea General Aviation Holding Co.Ltd(002260) known as the “strongest nail household for suspension of a shares” is in trouble again. On February 17, Dea General Aviation Holding Co.Ltd(002260) announced that the company had received the notice of filing a case (Zheng Jian Li Jian Li Jian Zi No. 006202008) from the China Securities Regulatory Commission. On January 24, 2022, the CSRC decided to file a case against the company due to its suspected illegal information disclosure in accordance with the securities law of the people’s Republic of China, the administrative punishment law of the people’s Republic of China and other laws and regulations.
Dea General Aviation Holding Co.Ltd(002260) said that the company will actively cooperate with the regulatory authorities in the investigation, continue to pay attention to the follow-up development, and timely fulfill the obligation of information disclosure in accordance with the regulations.
abandoned by recommended securities companies
Dea General Aviation Holding Co.Ltd(002260) resume listing dream break
In fact, on February 16, Dea General Aviation Holding Co.Ltd(002260) received the decision on disapproving the application for resumption of listing of Dea General Aviation Holding Co.Ltd(002260) shares issued by Shenzhen Stock Exchange, and the application for resumption of listing of Dea General Aviation Holding Co.Ltd(002260) was rejected by Shenzhen Stock Exchange.
The announcement shows that since the audited net assets of Dea General Aviation Holding Co.Ltd(002260) 2017 and 2018 are negative, the listing of the company’s shares will be suspended from May 15, 2019. In July 2020, Dea General Aviation Holding Co.Ltd(002260) submitted an application for resumption of listing of shares to Shenzhen Stock Exchange and was accepted. On February 8, 2022, Dea General Aviation Holding Co.Ltd(002260) disclosed the announcement on receiving the recommendation letter from the recommendation institution on terminating and resuming the listing. The announcement said that the company’s resumption of listing sponsor, Federal Reserve securities, said that there are good reasons to believe that your company does not meet the conditions for resumption of listing and will no longer provide recommendation services for Dea General Aviation Holding Co.Ltd(002260) resumption of listing.
On February 14, the 10th listing committee of Shenzhen stock exchange held the 383rd working meeting to consider the application for resumption of listing of Dea General Aviation Holding Co.Ltd(002260) shares. According to relevant regulations, Dea General Aviation Holding Co.Ltd(002260) does not comply with the provisions on suspension and resumption of listing of listed companies. The listing committee failed to pass the application for resumption of listing of Dea General Aviation Holding Co.Ltd(002260) .
Finally, the Shenzhen Stock Exchange decided not to approve the application for resumption of listing of Dea General Aviation Holding Co.Ltd(002260) shares.
In fact, before that, Dea General Aviation Holding Co.Ltd(002260) had a struggle. In the four thousand word announcement, Dea General Aviation Holding Co.Ltd(002260) responded to the questions raised in the letter of concern of Shenzhen stock exchange one by one.
Dea General Aviation Holding Co.Ltd(002260) said that although the Federal Reserve securities also believed that Dea General Aviation Holding Co.Ltd(002260) did not meet the conditions for resumption of listing and terminated the recommendation for resumption of listing, Dea General Aviation Holding Co.Ltd(002260) believed that the statement of Federal Reserve securities did not have objective basis, and the company believed that it still had the conditions for resumption of listing. The contradiction between Cao Sheng, the restructuring investor, and xuntu education, the largest shareholder, has not yet had an impact on the corporate governance structure. And considers that the company meets the conditions for applying for resumption of listing in article 14.2.1 of the Listing Rules of Shenzhen Stock Exchange (revised in November 2018).
Dea General Aviation Holding Co.Ltd(002260) domestic and foreign troubles
However, it is disappointing that in the more than 1000 days of Dea General Aviation Holding Co.Ltd(002260) suspension, it failed to smooth things inside and outside the company.
On December 10, Dea General Aviation Holding Co.Ltd(002260) issued the announcement that some shares of the controlling shareholder were subject to judicial freezing. 5.56% of the shares held by the company’s major shareholder xuntu Education (actual controller Fang Kangning) were subject to judicial freezing, and Cao Sheng, another shareholder of Dea General Aviation Holding Co.Ltd(002260) , brought a lawsuit to the court.
Subsequently, the six shareholders of Dea General Aviation Holding Co.Ltd(002260) also signed the agreement on concerted action and voting rights entrustment. In order to ensure the sustainable and stable development of the company and improve the efficiency of the company’s business decision-making, Chen Yichao, Zhang Yu, Yang Weijian, Yang Youmei and Cao Sheng plan to take “concerted action” in the convening, proposal and voting of the board of directors and general meeting of shareholders of de’ao general Aviation Co., Ltd., and uniformly entrust Yang Mingyu to exercise the voting right in the general meeting of shareholders. The above shareholders hold Dea General Aviation Holding Co.Ltd(002260) 18.10% shares in total, close to the 20% shareholding ratio of xuntu education. The above shareholders are restructuring investors of Dea General Aviation Holding Co.Ltd(002260) .
However, the above situation has also attracted the attention of the Shenzhen Stock Exchange. In the letter of concern, the Shenzhen Stock Exchange asked Dea General Aviation Holding Co.Ltd(002260) to explain the specific situation of the dispute between Cao Sheng and xuntu education, whether there is a risk of judicial auction of subsequent shares, and whether the relevant restructuring investors participate in the bankruptcy reorganization of your company through holding on behalf of others.
In this regard, Dea General Aviation Holding Co.Ltd(002260) said that there is a creditor’s right and debt relationship between Cao Sheng and Zhongyou micro and its related parties. Cao Sheng and his related party failed to pay off their debts to the court within the time limit of Cao Sheng’s lawsuit. At the same time, there is no substitute holding.
As for why we should sign the entrustment agreement for concerted action, Dea General Aviation Holding Co.Ltd(002260) responded in the announcement. First, due to the company’s performance loss in the first three quarters of this year, we hope to participate more in the company’s business decisions and play a supervisory role through the arrangement of concerted action; Second, it has been one and a half years since the company submitted the application for resumption of listing in 2020. As a restructuring financial investor, I hope to resume the company’s listing as soon as possible through the integration of resources; Third, the actual controller of the company, Fang Corning, has litigation.
24000 shareholders want to cry without tears
It is understood that Schindler mould, the predecessor of Dea General Aviation Holding Co.Ltd(002260) , was founded in 1993. It is a foreign joint venture doing supporting business for home appliance brands. A few years later, he set foot in the household appliance business. After several renames, he was listed under the brand name of “ilip” in 2008.
But I didn’t expect that five years after listing, all the original shareholders ran away. In 2013, the company formulated a strategic plan for the development of general aviation, made it clear that the company entered the field of general aviation, made a strategic layout in the subdivided fields such as civil coaxial twin rotor helicopter, UAV and aeroengine, and formed a dual main business model of innovative home appliance business and general aviation business.
Since then, Dea General Aviation Holding Co.Ltd(002260) has started the sharp rise mode. The share price soared 150 times in three years and reached an all-time high in May 2015. Subsequently, the stock price fluctuated. In 2017, zhenai.com, which had intended to take over the offer, suddenly refused, which once again plunged the stock price of Dea General Aviation Holding Co.Ltd(002260) into the abyss and failed to recover. As of the suspension, the total market value of Dea General Aviation Holding Co.Ltd(002260) was only 1.8 billion yuan.
The performance of Dea General Aviation Holding Co.Ltd(002260) which has been abandoned by shareholders in recent years is also poor. In the first three quarters of this year, Dea General Aviation Holding Co.Ltd(002260) changed from profit to loss. In the first three quarters, the net loss attributable to shareholders of listed companies after deducting non recurring profits and losses was 24.6929 million yuan.
The company explained that due to the year-on-year depreciation of the US dollar against the RMB exchange rate and the significant year-on-year increase in the price of raw materials from the end of the previous year to the end of the current period, the procurement cost has increased significantly. In addition, due to the impact of local energy consumption policies such as staggered peak power consumption in summer, the company has indefinite power consumption, In order to ensure the comprehensive impact of the rise in fuel and power costs caused by self generation and other measures taken for production, the rise of the company’s operating costs is greater than that of its operating revenue, and the gross profit margin and gross profit decrease.
Up to now, Dea General Aviation Holding Co.Ltd(002260) there are still 24000 shareholders who want to cry without tears.
The CSRC filed a case for investigation, and the local securities regulatory bureau also took action! The * ST company’s application to resume listing has just been rejected by the exchange
Regulatory Qi Fuli Dea General Aviation Holding Co.Ltd(002260) has the risk of being terminated from listing
