Due to the concept of meta universe, Inmyshow Digital Technology (Group) Co.Ltd(600556) (600556) once ushered in a wave of sharp rise in the secondary market. Now, just entering 2022, Inmyshow Digital Technology (Group) Co.Ltd(600556) shareholders have embarked on the road of reducing their holdings and cashing out. In the first week of 2022, Inmyshow Digital Technology (Group) Co.Ltd(600556) disclosed the reduction plan twice. Several shareholders of the company plan to reduce their holdings of no more than 4.5% of the company’s shares in total, cashing out nearly 1 billion yuan. The reporter of Beijing business daily noted that after the disclosure of the first reduction plan, Inmyshow Digital Technology (Group) Co.Ltd(600556) share price fell by 7.76% in three trading days. Now the second disclosure of the reduction plan also makes the share price of Inmyshow Digital Technology (Group) Co.Ltd(600556) face the test on January 10.
shareholder redemptive reduction plan
Only three days after the disclosure of the reduction plan in the previous announcement, Inmyshow Digital Technology (Group) Co.Ltd(600556) another shareholder plans to reduce its holdings and cash out, which also makes Inmyshow Digital Technology (Group) Co.Ltd(600556) share price face a stress test on January 10.
According to the latest announcement of Inmyshow Digital Technology (Group) Co.Ltd(600556) , the shareholders Shenzhen xiulong Jinshi Investment Management Center (limited partnership) (hereinafter referred to as “xiulong Jinshi”) and Chengmai Xinsheng Investment Management Center (limited partnership) (hereinafter referred to as “Chengmai Xinsheng”) plan to reduce their total holdings of no more than 2.5% shares.
Specifically, due to the needs of their own capital arrangements, the above shareholders plan to reduce the total number of Inmyshow Digital Technology (Group) Co.Ltd(600556) shares by centralized bidding within 6 months after 15 trading days from the date of announcement and disclosure, which shall not exceed about 45155000 shares, and the total reduction proportion shall not exceed 2.5% of the total share capital of the company; Among them, the reduction of xiulong Jinshi shall not exceed about 36.155 million shares, that is, not more than 2% of the total share capital of the company; Chengmai Xinsheng’s holdings shall not exceed 9 million shares, that is, not more than 0.5% of the company’s total share capital. According to the rough calculation of the latest closing price of Inmyshow Digital Technology (Group) Co.Ltd(600556) of 11.89 yuan / share, the total cash out of the above two shareholders is about 537 million yuan.
According to the announcement, xiulong Jinshi holds about 100.3879 million Inmyshow Digital Technology (Group) Co.Ltd(600556) shares, accounting for 5.55% of the total share capital of the company, and Chengmai Xinsheng holds about 93.5433 million shares, accounting for 5.17% of the total share capital of the company. In view of the relevant situation of the company, the reporter of Beijing Business Daily called the Inmyshow Digital Technology (Group) Co.Ltd(600556) Secretary Office for an interview, but no one answered the other phone.
the total cash available from the two holdings reductions is nearly 1 billion
It is understood that since 2022, Inmyshow Digital Technology (Group) Co.Ltd(600556) has successively disclosed two reduction plans. Based on the closing price on January 7, the shareholders of the two reduction plans can cash out nearly 1 billion yuan in total.
The first reduction plan was disclosed on January 4. At that time Inmyshow Digital Technology (Group) Co.Ltd(600556) announced that Xiamen Saifu equity investment partnership (limited partnership) and Jiaxing Tengyuan investment partnership (limited partnership), shareholders holding 11% of the company’s shares in total, planned to reduce their total holdings of no more than 36.155 million shares of the company due to their own capital arrangements, that is, no more than 2% of the company’s total share capital. Based on the same rough calculation of the closing price on January 7, the above shareholders can cash out about 430 million yuan, and the total cash out of the four shareholders reduced twice is about 967 million yuan.
After the disclosure of the first reduction plan, the share price of Inmyshow Digital Technology (Group) Co.Ltd(600556) continued to rise by 2.33% under the pressure of reduction on January 5, but rose for one trading day. On January 6, the share price of Inmyshow Digital Technology (Group) Co.Ltd(600556) began to fall. During the three trading days from January 5 to 7, the share price range of Inmyshow Digital Technology (Group) Co.Ltd(600556) fell by 7.76%. As of the closing on January 7, Inmyshow Digital Technology (Group) Co.Ltd(600556) reported 11.89 yuan / share, with a total market value of 21.49 billion yuan.
In an interview with the Beijing business daily, Xu Xiaoheng, an investment and financing expert, said that the successive reduction of shareholders’ holdings and cash out may affect the sentiment of investors in the secondary market and may cause stock price fluctuations in the short term.
According to the data, Inmyshow Digital Technology (Group) Co.Ltd(600556) is a big data platform enterprise based on the field of Hongren new economy. It core services Hongren (content entrepreneurs), MCN (Hongren brokerage company), brand merchants and small and medium-sized merchants, and is committed to driving the new infrastructure construction of decentralized Hongren new economy through new technologies and independent intellectual property rights.
The share price of soared nearly 90% in a month
Behind the reduction of shareholders’ holdings and cash out, Inmyshow Digital Technology (Group) Co.Ltd(600556) share price has increased significantly in the near future. As a meta universe concept stock, Inmyshow Digital Technology (Group) Co.Ltd(600556) share price has been sought after by funds since late October last year, and has soared nearly 90% in one month.
According to China stock market news, the share price of Inmyshow Digital Technology (Group) Co.Ltd(600556) began to rise in late October 2021. From October 19 to November 19, 2021, the share price range of Inmyshow Digital Technology (Group) Co.Ltd(600556) increased by about 87.62%. Since November 19 last year, the share price of Inmyshow Digital Technology (Group) Co.Ltd(600556) has been in a state of shock adjustment, but it still increased by more than 40% compared with late October last year. According to the data of China stock market news, from October 19, 2021 to January 7, 2022, Inmyshow Digital Technology (Group) Co.Ltd(600556) share price range increased by 45.71%.
It is worth mentioning that Inmyshow Digital Technology (Group) Co.Ltd(600556) was under surveillance for the official account of the “Rainbow universe” in the wake of the yuan universe fire.
Specifically, Inmyshow Digital Technology (Group) Co.Ltd(600556) has publicly signed the name of Li Meng, the chairman of the media, when it was released in November 2021 by the company’s official account of the media. “The rainbow universe developed by the company is a 3D virtual social product based on block chain technology”. After the release of the open letter, many media reprinted and reported this.
The Shanghai Stock Exchange said that in the hot period when yuanuniverse and other related products and technologies are highly concerned in the current market, Inmyshow Digital Technology (Group) Co.Ltd(600556) publishing relevant content through non statutory disclosure channels may mislead investors. At the same time, in the hot period when metauniverse is highly concerned, the layout, specific application scenarios, technical conditions and other information of the company’s relevant products may have a significant impact on the company’s stock price, and the company shall disclose it truthfully, accurately and objectively on the media that meet the legal conditions of the CSRC. According to relevant regulations, the Shanghai Stock Exchange gave a regulatory warning to Inmyshow Digital Technology (Group) Co.Ltd(600556) timely chairman Li Meng and then Secretary of the board of directors Yu Yue.
(source: Beijing business daily)
