On November 8th, Hengli Industrial was once again sent to the market for less than 15 minutes, setting a record of 11 consecutive boards. From October 19 to November 8, Hengli Industrial's cumulative increase was as high as 204%, and the market value soared from 1 billion yuan to 3.1 billion yuan.
On October 30, the China Securities Regulatory Commission issued a statement saying: “Optimize trading supervision, reduce trading resistance, increase market liquidity, reduce unnecessary intervention in trading links, let the market have clear expectations for supervision, and let investors have fair trade opportunities. ""
The announcement landed, Hengli Industry was stopped by the exchange for the 7-day daily limit, and Hengli Industrial once again pulled out four daily limit after the self-inspection announcement was resumed. Market participants believe that speculators use transaction regulation to optimize and reduce the special policy of continuing to speculate on the stock market, which is a flagrant provocation to the regulatory authorities.
Shenzhen Stock Exchange issued a letter of concern
On the afternoon of November 8, Hengli Industrial received the letter of concern from the Shenzhen Stock Exchange, requesting the recent fluctuations in the company's stock trading, combined with the actual operation of the company, paying attention to and verifying relevant matters, and confirming whether there is any material information that should be disclosed but not disclosed. Whether the company's fundamentals have undergone major changes.
The letter of concern also requires Hengli Industrial to make a written inquiry to the controlling shareholder (or actual controller) of the company, indicating whether the actual controller or other plan plans to transfer the company's equity, assets and other matters that have a significant impact on the company, and require it. Written reply. Explain in detail the recent investigations by the host institutions and individual investors, and whether there are any violations of the principle of fair disclosure.
In addition, the Shenzhen Stock Exchange also requires Hengli Industrial to verify whether the directors, supervisors, senior management and their immediate family members have the right to buy or sell stocks of the company, and whether there is any suspected insider trading. Are there other matters that may cause abnormal trading in stock trading.
Affected by this news, Hengli Industrial opened the daily limit at around 14:17 on the same day, but after ten minutes, it closed the daily limit. The total transaction volume reached 658,400 lots, and the turnover was 480 million yuan, a record high in the past three years.
According to the "Securities Daily" reporter, Hengli Industry has been in the past one month.Dragon and Tiger10 times. Among them, the turnover of the institution in the past one month was only 12.5225 million yuan. The securities business department of Huatai Securities Co., Ltd. Shenzhen Yitian Road Rongchao Business Center ranked first in the sales statistics of the sales department with a turnover of 58.486 million yuan in the past month.
It is reported that the above-mentioned sales department belongs to the seat of the famous hot money coast. Most of the rest are individual investors who use the "Bo silly" mentality to beat the drums and participate in speculation. Some of the accounts have participated in the speculation of popular stocks such as "LeTV" and "Zhonghong".
However, the fundamentals of Hengli Industry are seriously deviated from the stock price of its secondary market. From 2004 to 2017, Hengli Industrial has suffered a consecutive loss of 14 years. The company's latest self-inspection announcement shows that although the first three quarters of 2018 turned losses into profits, the net profit was 1,009,700 yuan, but the net profit after deducting non-recurring gains and losses was -5,153,600 yuan. The company's main business has not improved significantly.
A few days ago, Hengli Industrial Secretary Li Wei said in an interview with the "Securities Daily" reporter: "The operation of the company's major aspects can only be decided by shareholders, and can only maintain the status quo."
The two major shareholders' capital chains may tighten
However, the two major shareholders of Hengli Industry seem to be self-sufficient. The controlling shareholder of Hengli Industrial Co., Ltd. is Shenzhen Aoshengxia Industrial Co., Ltd. (hereinafter referred to as “Aoshengxia”). In November 2015, due to the debt crisis, the shares were repaid, and the actual controller changed.
In April 2017,Company AnnouncementUpon receiving the letter of notification from Ao Shengxia, Xinanjiang Consulting, the general partner of Xinanjiang, the controlling shareholder of Ao Shengxia, signed the “Property Share Transfer Agreement” with the limited partner Xiang on February 8, 2017. According to the agreement, Xinanjiang Consulting should pay a transfer amount of 250 million yuan before April 8.
After the Xinanjiang Consulting and Xiangyu's multiple consultations, the above transfer payment will be fully paid in late August 2017.
Recently, the second largest shareholder of China Huayang Investment Holdings Co., Ltd. (hereinafter referred to as "Huayang Holdings") major shareholder China Huayang Economic and Trade Group Co., Ltd. (hereinafter referred to as "Huayang Economic and Trade Group") broke the 750 million bond default event. .
Due to the bond default, the credit rating of Huayang Economic and Trade Group was downgraded from AA to CC, and the rating outlook was negative. The reason given by the rating agencies is that the company's short-term debt has increased substantially, the remaining unused amount of the bank's comprehensive credit is low, the difficulty of financing refinancing is increased, and the capital chain is relatively tight.
Market participants believe that the two major shareholders of Hengli Industry have shown signs of tight capital chain, and the company's restructuring plan may not be able to put on the agenda in the short term.
(Article source: Securities Daily)