Mr. Ding Hui Confirmed That Chairman Of The Board Was Temporarily Closed To Some Of Its Direct Outlets.

< p > recently, the a href= "http://sjfzxm.com/news/index_x.asp" > suspension > /a > has issued a statement through its official micro-blog, saying that the board of directors of the company has confirmed that Chairman Ding Hui has lost contact and has reported it in Hongkong.

At present, the Hongkong police have been involved in the investigation.

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< p > it is understood that Ding Hui is chairman and chief executive officer of the board of directors and chief executive of the company.

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< p > confirming that Ding Hui lost contact with the company, the official statement issued by the official micro-blog and the company's official seal also mentioned that many social members and the Internet media misread Ding Hui's Misreading as absconding with the money. The loss was a fact, but whether it involved absconding and other matters were not confirmed by the company and any competent department.

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< p > the statement also states that Ding Hui's loss of association is his personal behavior and does not represent Fujian's Limited by Share Ltd.

Although its behavior has affected the reputation of the company, but also affected the normal operation of the company, but it can not decide the company's continuing operation, the company's board of directors will also pursue its responsibility and deal with it.

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< p > > a href= "http://sjfzxm.com/news/index_x.asp" > < < /a > > data show that Fujian is a clothing company which mainly sells men's casual fashion, which was listed on the HKEx in January 9th this year.

In 2011, he applied for the A share listing to the SFC, but it was not approved. The reasons for the rejection included limited product sales, limited brand promotion and R & D expenses.

Some analysts believe that in the whole industry downturn in the boom process, this kind of affiliate sales mode is the most vulnerable.

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The anomaly of "P" is the first to be reflected in its stock price performance.

HKEx trading information showed that on Monday (July 21st), the shares fell by 32.56%, with a turnover of HK $33 million 100 thousand, but the company's single day turnover was less than HK $1 million.

On the night of the announcement, the board said that the board knew the company's share price fell and its volume increased. Upon enquiry, the board of directors confirmed that it was not aware of any reason leading to the fall in share prices and the increase in volume, or any insider information that must be announced to avoid false market conditions of the company's securities, or any insider information to be disclosed.

In July 23rd, the company had to apply for suspension.

At the same time, the chairman Ding Hui and his wife owed at least 1 billion 500 million yuan to abscond news in social networks.

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< p > to address the above information, in July, 23, July, 24 and July 25 consecutive days, three announced the announcement by official micro-blog.

The first two announcements had no information on whether the chairman lost contact with the company, insisting that the headquarters and stores were operating normally, and said they would reserve the right to pursue legal liability for the adverse news that had not been confirmed by the company.

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< p > in addition, shortly after the sound of the company's normal operation in July 25th, Quanzhou's local media reported that last Friday, a local store in Quanzhou, Jinjiang was closed down.

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In July 27th, P visited the market and found that a shop in Xiamen's inner city had posted a notice that the goods had been emptied and suspended.

Several shop assistants in the shop told reporters that this shop was a direct store in Xiamen, and all the stores in July 26th began to sell.

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< p > however, the shop assistant insisted that the sales promotion was not related to the chairman's "loss of association". The reason for the suspension was to check and rectify the business. When the company resumed its business, it would need to wait for company notification.

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In the 3 trading days on 21, 22 and 23 July, NOGE continued to drop sharply and the stock price was cut off. The company was forced to suspend business at noon on July 23rd.

Who started to blow up the /p before the rumors of Ding Hui lost contact?

< p > the information disclosed by the HKEx reveals that in July 21st, the natural shareholders of the "Su Yong Han" group sold 13 million 177 thousand shares of shares, and the shareholding ratio dropped from 10.57% (Note: the share of the shares sold on the stock market to the total share capital), to 2.37%, almost empty. The highest selling price per share was HK $2, with an average price of HK $1.545.

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< p > in fact, this is the sixth time that Su Yong Han has reduced the shares of the company.

The first time was on the fifth trading day (January 15th) when Su Yonghan was first listed (first in January 9, 2014). On the same day, he sold 650 thousand shares, and the average price per share was about 2.10 Hong Kong dollars. In April this year, Su Yong Han sold 4 shares of 8 million 638 thousand odd shares in 4 times, reducing the average price between HK $2.12 and HK $~2.13.

It can be seen that, according to the issue price of HK $2.13, Su Yonghan did not earn money in the region.

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< p >, however, in July 21st, Su Yonghan sold at no cost.

With its average price of HK $1.545, it lost 13 million 177 thousand shares of the shares. Even if the charges were not calculated, Su Yonghan's losses were as high as HK $7 million 700 thousand.

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Besides P, there is another shareholder named Ding Mingfang, who also reduced 3 million 312 thousand shares and 8 million shares of shares in January 13th and May 15th respectively.

According to Hongkong media, Ding Mingfang and Su Yonghan are friends of chairman Ding Hui.

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< p > tried to verify more information from the two shareholders, but failed.

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"P", Tan Shaoxing, the chairman of the Hongkong investor society, said that before the accident, investors had sold their goods in 4 and May, and there were a lot of selling disks in the first 2 days of the suspension or the displeasure of insider trading.

Hongkong Securities Regulatory Commission should follow up.

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< p > in addition, Ding Liguo, a senior retail expert, believes that at present, there are high storage conditions in the mainland garment enterprises. There are also many shortcomings in the SPA mode of the men's clothing.

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< p > in addition, Ding Li also pointed out that with less than 500 stores in the "a href=" http://sjfzxm.com/news/index_x.asp "/a", its fast fashion men's clothing will face the problem of high cost.

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< p > in addition, it is learnt that after the failure of IPO in Fujian, the feedback provided by the SFC included that the sales of the company's products were mainly concentrated in the province. During the reporting period, brand promotion fees and R & D expenses were lower than those of Listed Companies in the same industry.

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