Another demon stock suspension verification Fujian Start Group Co.Ltd(600734) announced the suspension for verification again after realizing the 21 limit. Some shareholders were stunned, “just come in and eat noodles?”
On the news, the implementation of Fujian Start Group Co.Ltd(600734) reorganization plan is completed, and the actual controller is changed to Fujian SASAC.
21 connecting board Fujian Start Group Co.Ltd(600734) suspension verification
On March 17, Fujian Start Group Co.Ltd(600734) announced that the company’s stock price has increased significantly recently, and it has touched abnormal fluctuations in stock trading for many times during this period. From March 10, 2022 to the closing on March 17, 2022, the company’s shares rose by the limit for six consecutive trading days, with a cumulative increase of 34.02%. In view of the recent large fluctuation of the company’s share price, in order to safeguard the interests of investors, the company checked the fluctuation of stock trading.
Upon the application of the company, the trading of the company’s shares shall be suspended from the opening of the market on March 18, 2022, and the trading shall be resumed after the disclosure of the verification announcement. The company reminds investors to pay attention to the trading risks in the secondary market.
At the same time, Fujian Start Group Co.Ltd(600734) also issued an announcement of abnormal fluctuations in stock trading. In view of the abnormal fluctuation of the company’s shares, relevant matters were verified, Fujian Start Group Co.Ltd(600734) said that as of the date of this announcement, the company and the controlling shareholder Fujian Shusheng had no information on major matters that should be disclosed but not disclosed involving the company, except the matters disclosed by the company; The daily operation of the company has not changed significantly recently; After verification by the company, the company has not found any media reports or market rumors that need to be clarified or responded that have an impact on the trading price of the company’s shares.
actual controller changed to Fujian SASAC
On the news side, Fujian Start Group Co.Ltd(600734) share price soared, or benefited from the good news of Fujian SASAC’s accession to the presidency. As early as December 27, 2021, the company disclosed that Fujian big data, an enterprise 100% owned by Fujian SASAC, promised to inject high-quality assets into it.
On December 31, 2021, Fujian Start Group Co.Ltd(600734) announced that nearly 900 million yuan of funds provided by restructuring investors will be used to pay bankruptcy expenses and mutual benefit debts, pay off debts, supplement the liquidity of listed companies and promote the industrial upgrading of listed companies. The reorganization plan has been successfully implemented.
On February 23, Fujian Start Group Co.Ltd(600734) announced that the actual controller of the company was changed from the Management Committee of Zhengzhou airport port area to the state owned assets supervision and Administration Commission of Fujian Province. The reason for this equity change is the implementation of the reorganization plan of Fujian Shida group ( Fujian Start Group Co.Ltd(600734) ) Co., Ltd. This equity change changed the controlling shareholder of Shida group into Fujian Shusheng investment partnership and the actual controller into the state owned assets supervision and Administration Commission of Fujian Provincial People’s government.
Before this equity change, Xingchuang electronics had 718413 million voting shares, accounting for 11.54% of the total share capital of the company. The Management Committee of Zhengzhou Airport Economic Comprehensive Experimental Zone indirectly held 100% equity of Xingchuang electronics. After this equity change, Fujian Shusheng directly held 545 million shares of Shida group, accounting for 25% of the total share capital, becoming the largest shareholder of Fujian Start Group Co.Ltd(600734) .
The news that Fujian Start Group Co.Ltd(600734) regained its vitality completely ignited the market sentiment. Since February 11, 2022, Fujian Start Group Co.Ltd(600734) has won 21 trading boards in a row. As of the closing on March 17, the stock has increased by nearly 180% during the period. The current share price is 3.27 yuan and the total market value is 7.123 billion yuan.
It is worth noting that Fujian Start Group Co.Ltd(600734) due to the large fluctuation of the stock price, it had previously announced the suspension of trading for verification on March 4, but the stock price performance after the resumption is still strong.
investors: I want to eat noodles again just after I come in
As soon as the news of suspension verification came out, the stock bar of Fujian Start Group Co.Ltd(600734) was also lively. Someone said, “I just came in this morning and want to eat noodles again.” Many investors are very tangled. Some investors are not optimistic about the future trend of Fujian Start Group Co.Ltd(600734) and think that the trading will be suspended twice and the board will open next week, with at least one limit.
By the end of the third quarter of last year, Fujian Start Group Co.Ltd(600734) had 33400 shareholders.
Fujian Start Group Co.Ltd(600734) performance turning loss into profit
It is understood that Fujian Start Group Co.Ltd(600734) is the “first it listed company in China”. At present, the company’s main business is mainly divided into two parts: first, mobile communication intelligent terminal business, including the R & D, design, production and sales of mobile communication intelligent terminal and related core components; The second is the perimeter security business of the Internet of things, including the R & D, production, sales and corresponding technical services of intrusion prevention system, video monitoring and Internet of things security application related software and hardware products.
In terms of operating performance, the performance of Fujian Start Group Co.Ltd(600734) 2021 will turn losses into profits. On January 29, 2022, Fujian Start Group Co.Ltd(600734) released the announcement of earnings forecast. According to the preliminary calculation of the financial department, the operating income in 2021 is expected to be about 974 million yuan, and the operating income after deducting the business income irrelevant to the main business and the income without commercial substance is about 923 million yuan; It is estimated that the net profit attributable to the parent company will reach 590 million yuan to 767 million yuan in 2021.
In addition, Fujian Start Group Co.Ltd(600734) at the end of 2021, the net assets turned positive about 444 million yuan, while the net assets at the end of 2020 were -1.163 billion yuan.
However, on December 9, 2021, the company received the investigation notice from the China Securities Regulatory Commission (hereinafter referred to as the CSRC) on suspicion of illegal information disclosure. Up to now, the investigation of the CSRC is still in progress, Fujian Start Group Co.Ltd(600734) said that the company will fully cooperate with the relevant investigation of the CSRC and fulfill the obligation of information disclosure in time according to the progress of the investigation.
Fujian Start Group Co.Ltd(600734) suggested that if the company is subject to administrative punishment by the CSRC for filing an investigation and touches the situation of major illegal compulsory delisting stipulated in the listing rules according to the facts determined by the administrative punishment decision, the company’s shares will face the risk of major illegal compulsory delisting. Please invest rationally and pay attention to relevant risks.
