resumed trading less than a week later, the demon stock Fujian Start Group Co.Ltd(600734) again announced the suspension for verification, which is also the third time in nearly a month that the company announced the suspension due to excessive increase in share price
From February 15, 2022 to now, Fujian Start Group Co.Ltd(600734) share price has climbed from 1.29 yuan / share to the intraday highest of 4.17 yuan / share on March 31, during which more than 20 trading boards were harvested in addition, according to the data, Fujian Start Group Co.Ltd(600734) from the beginning of the year to today’s closing, the cumulative increase reached 380.88%, the highest among nearly 4700 listed companies in Shanghai and Shenzhen
three suspension inspections within months
on March 31, Fujian Start Group Co.Ltd(600734) offset the daily limit again. As of the closing, the increase narrowed to 4.15 yuan / share, with a single day increase of 4.53%
That night, the company announced that its shares had increased by 26.91% from March 25, 2022 to March 31, 2022. 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 April 1, 2022, and the trading shall be resumed after the disclosure of the verification announcement.
Previously, on March 5 and March 18, Fujian Start Group Co.Ltd(600734) has twice announced the suspension of trading due to the increase of share price. Among them, the company’s shares rose by the limit for 15 consecutive trading days from February 11, 2022 to the closing on March 4, 2022, with a cumulative increase of 108.55%. From March 10, 2022 to the closing on March 17, 2022, the limit has been raised for six consecutive trading days, with a cumulative increase of 34.02%.
On March 25, Fujian Start Group Co.Ltd(600734) disclosed the results of suspension verification for the second time. The board of directors of the company confirmed that, except for the disclosed information, there are no matters that should be disclosed but not disclosed in accordance with the relevant provisions of the Listing Rules of Shanghai Stock Exchange or the planning, negotiation, intention and agreement related to such matters. At the same time, the daily operation of the company has not changed significantly in the near future; There are no 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.
However, after the resumption of trading on March 25, the company once again gained the pursuit of the secondary market, raised the limit for four consecutive trading days from March 25 to 30, and also rushed to the limit board on March 31.
no asset injection plan
Fujian Start Group Co.Ltd(600734) ‘s journey of “demon stock” began with the expectation of the company’s reorganization. Since the announcement of entering the reorganization procedure in November 2021, the company has been continuously sought after by funds in the secondary market.
on December 27, 2021, Fujian Start Group Co.Ltd(600734) announced that Fuzhou intermediate people’s court ruled to approve the reorganization plan of Shida group and terminate the reorganization procedure of Shida group
On December 31, 2021, Fuzhou intermediate people’s court ruled that the reorganization plan of Shida group had been implemented. According to the reorganization plan, Shida group will convert the capital reserve into share capital based on the existing total share capital of 622 million shares and increase 25 shares for every 10 shares, with a total of 1.556 billion shares. The restructuring investors paid a total consideration of about 900 million yuan and transferred 1.556 billion shares of Shida group, with an average consideration of about 0578431 yuan per share.
However, the risks hanging over Fujian Start Group Co.Ltd(600734) head remain unresolved.
On March 30, the company also disclosed that 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. As of the disclosure date of the announcement, the investigation of the CSRC is still in progress. If the company is subject to administrative punishment by the CSRC due to the matters under investigation, and touches the situation of major illegal compulsory delisting stipulated in the stock listing rules of Shanghai stock exchange according to the facts determined by the administrative punishment decision, the company’s shares will face the risk of major illegal compulsory delisting.
In addition, according to the latest change announcement disclosed by Fujian Start Group Co.Ltd(600734) on March 29, According to the Fujian Start Group Co.Ltd(600734) reorganization plan approved by Fuzhou intermediate people’s Court on December 27, 2021: “After the completion of the reorganization process, Shida group will continue to retain the perimeter security business of the Internet of things, fundamentally improve the operation and management of Shida group, restore and enhance the market share. In combination with the actual situation of listed companies, the reorganization investors will vigorously support, restore and develop the remaining perimeter security related business of the Internet of things. On the premise of complying with relevant regulatory laws and regulations, the reorganization investors will choose the opportunity to inject a large amount of money into the listed companies According to assets in other fields, strive to build listed companies into a high-quality listing platform in China’s IT field. “
Nebula big data was established on November 22, 2013. Its controlling shareholder Fujian big data Co., Ltd. holds 842455% of its equity, and the actual controller is Fujian SASAC. The main business of nebula big data is divided into information system integration business and information service business.
However, Fujian Start Group Co.Ltd(600734) makes it clear that as of the date of the announcement, the controlling shareholders have no plans to inject Nebula big data and other assets into the company, and the company and the controlling shareholders have no plans, negotiations, intentions and agreements involving the injection of the above assets or related to these matters that should be disclosed but not disclosed.
