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Quan Chao's Power Resumption Does Not Prompt &Nbsp; Share Price Falls And Bitter Investors.

2011/5/3 13:35:00 25

Share Price Drop Of Whole Chai Power

Quan Chai power (600218) resumed its trading license in April 28th after one and a half months' suspension. The opening quotation Shortly after that, the limit was stopped. Because Price of stock The trend is "unusual" and the company's resumption of cards does not prompt. "Two phase superposition" has angered many investors.


"If the company understands rules, it will resume trading without saying a word. I thought the company had been in suspension for a long time. As a result, 28 days I went to the disk until 10 o'clock, and the stock had already stopped. If the company could prompt the resumption card in the previous day's announcement, I would certainly look at the plate in the morning, not to say that the whole race would run at least half of it, and it would hurt me." Mr. Huo, an investor in Nanjing, is furious.


In the evening of April 27th, the whole Chai power company issued a "suggestive announcement on the progress of the transfer of share ownership of controlling shareholders": the company learned from its controlling shareholder, Anhui Quan Chai Group Limited, that China's 01101.HK has purchased a 100% stake in Quan Chai group held by the Quanjiao County Government at a bid price of 2 billion 148 million yuan. The two sides signed the agreement on equity transfer in April 26th and should be reported to the SASAC and the SFC separately.


The fact is, as investors complain, the whole Chai power. resumption The three announcement issued on the eve of the April 28th did not mention half the word "stock resumption" in April 28th. In this regard, the reporter called the whole Chai power external contact telephone, but unfortunately the phone has been unanswered.


And according to the Shanghai Stock Exchange No. sixteenth listed company major events stop, resume and progress announcement Format Guide: listed companies before resumption, should be issued in the prompts notice, "company stock will be x x x days to resume trading" key hints. "The listed company should guarantee the authenticity and integrity of the letter, and there is a serious omission in the letter of the whole Chai power, causing our shareholders to lose substantially because they can not get information in time. This responsibility should be borne by the listed company." Mr. Huo expressed his claim.


Why is it that the stock price will be in a straight line after the resumption of power? A senior market person explained to reporters: "the acquisition, Rongsheng heavy industry will start at 16.62 yuan / share price, start the tender offer of the whole Chai power stock of the non Quan Chai group, the highest price will be 2 billion 619 million yuan. However, as of March 10th, the company's share price closed at 20.89 yuan / share before the suspension. This has a price difference of 4.27 yuan with the 16.62 yuan / share offer price. This has also led to the fall of share prices in the minds of investors. As of April 28th closing, the company "sell one" column is still squeezed 70688 hand sell.


 

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