Shida computer, known as “China’s first it listed company”, was reduced to almost delisting. It “came back from the dead” through bankruptcy reorganization, and then pulled 15 daily limits, including 14 one word daily limits after one Earth Sky board.
Such ups and downs of the plot, just suspended for verification.
after reorganization, it has raised the limit for 15 times, and has just been suspended for verification
Just now, Fujian Start Group Co.Ltd(600734) (Shida computer), which has raised the limit for 15 consecutive times, was suspended for verification.
From 2018 to 2020, the company suffered losses for consecutive years, and the net assets in 2019 and 2020 are negative. If it loses again in 2021, it will trigger delisting. In fact, in the first three quarters of 2021, the company has lost more than 200 million yuan. At this critical juncture, the company went bankrupt and reorganized, reversed its losses and turned its net assets to positive.
Due to the reorganization, the share price of Shida computer, which is now Fujian Start Group Co.Ltd(600734) , has experienced great ups and downs. First, after the announcement, from February 8 to February 10 this year, the limit fell by one word, and then on February 11, the ground Sky board was staged, from the opening limit to the rising limit. Then, after the reorganization and ex right on February 15, it pulled out 14 word limit in a row.
On March 4, the company issued an announcement to suspend trading for verification. The company said that from February 11, 2022 to March 4, 2022, the company’s shares rose by the limit for 15 consecutive trading days, with a cumulative increase of 108.55%. In view of the recent large fluctuation of the company’s share price, the company checked the fluctuation of stock trading. The trading of the company’s shares has been suspended since the opening of the market on March 7, 2022, and resumed after the disclosure of the verification announcement.
After the reorganization and delisting, the total share capital of the company reached 2.18 billion shares. After pulling 15 trading limits, the latest closing price was 2.44 yuan and the total market value was 5.32 billion yuan.
Fujian Start Group Co.Ltd(600734) landed in the capital market in 1996 under the halo of “China’s first it listed company”. From 2018 to 2020, the company’s net profit suffered continuous losses, and the stock price also fell all the way, during which the stock price once fell below 1 yuan. According to the latest performance forecast of the company, it is estimated that the net assets at the end of 2021 will be about 444 million yuan.
At the end of January this year, Fujian Start Group Co.Ltd(600734) issued a performance forecast. The company expects to realize a net profit attributable to the parent company of 590 million yuan to 767 million yuan in 2021, turning losses into profits year-on-year. The main reasons are that the company’s bankruptcy reorganization plan has been implemented, the corresponding debt restructuring income is included in the current year, and the company disposes of corresponding non current assets according to the reorganization plan. Subsequently, on February 23, the company announced that its controller was changed from the Management Committee of Zhengzhou airport port area to the state owned assets supervision and Administration Commission of Fujian Province.
share price soared and doubled, but the original shareholder may not have returned the capital
Although the price limit of Fujian Start Group Co.Ltd(600734) restructuring has been raised for 15 consecutive days, the latest closing price of Fujian Start Group Co.Ltd(600734) restructuring is 2.44 yuan, which is still lower than the closing price of 3.17 yuan on February 7 before the issuance of the restructuring ex rights plan.
On February 8, Fujian Start Group Co.Ltd(600734) issued the reorganization plan, and implemented the conversion of capital reserve into share capital at the proportion of 25 shares for every 10 shares based on the existing total share capital of 622372316 shares, with a total of 1555930790 shares. After the conversion, the total share capital of Shida group increased from 622372316 shares to 2178303106 shares.
It is worth noting that the aforesaid 1555930790 converted shares will not be distributed to the original shareholders, but will be conditionally transferred by the restructuring investors for a total consideration of 89998158 yuan. After the reorganization, the actual controller of Fujian Start Group Co.Ltd(600734) became Fujian SASAC.
After the reorganization and ex rights on February 15, the share price began to rise from 1.23 yuan, rising for 14 consecutive word limits to 2.44 yuan today. After the announcement, the share price has not increased by more than 3 yuan, which is still significantly lower than that before the reorganization.
Some investors are already counting, and there are several limit returns.
