Leysen Jewelry Inc(603900) the end of “divorce case”! My brother-in-law lost to my brother-in-law

Leysen Jewelry Inc(603900) the “divorce case” of chairman Shen Dongjun has finally come to an end. As early as November 2019, Ma Qiao, Shen Dongjun’s daughter-in-law, filed for divorce. It has been two years now. In July this year, the court ruled that Ma Qiao and Shen Dongjun were allowed to divorce, and then the property was divided in half. But Shen Dongjun refused and appealed again. As a result, the original judgment was upheld in the second instance.

Originally, Shen Dongjun held 31.16% of the company’s shares. After the divorce, the equity shrank to 15.58%. Let’s look at Ma Jun. Ma Jun is Shen Dongjun’s brother-in-law. He and his wife have a total equity of 30.68%. After the divorce of Ma Qiao and Shen Dongjun, as the persons acting in concert with her brother and sister-in-law, the equity in her hands adds up to 46%, which is much more than Shen Dongjun.

In January this year, in order to occupy a favorable position in the divorce proceedings, Shen Dongjun also reported his daughter-in-law and brother-in-law’s family in the name of job occupation. However, just before the disclosure of the third quarterly report, Shen Dongjun himself was criticized by the Shanghai stock exchange for occupying the company’s funds.

The chairman of the board of directors and the directors fought against each other, killing each other. Can the company get better? In recent years, the revenue of Leysen Jewelry Inc(603900) has fallen continuously, and the stock price has fallen endlessly. It is only five years since the listing of the “first jewelry share” in Shanghai stock market that year. The share price has fallen from the high of 28.36 yuan / share in early January 2018 to 7.35 yuan / share now, a decrease of more than 74%. This is not over yet. Just today, the Shanghai Stock Exchange issued another announcement. Because Leysen Jewelry Inc(603900) there were important matters that were not announced, the trading was suspended for one day.

The divorce of the actual controller of a listed company is not only a household matter, but also a major event that must be forcibly disclosed, because it may lead to changes in the company’s control, and then change the company’s overall operation direction, and investors have the right to know. It also reminds the actual controllers of major listed companies that major events of the company must be disclosed in time. Another, I sincerely hope that dog blood stories like Leysen Jewelry Inc(603900) can be less in the A-share market.

(Securities Daily)

 

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