New Three Board Wonderful Thing: Colombian Chairman Lost Contact With Guotai Junan Anxious.

When the forest is big, wonderful things happen.

Later, when the Airbus chairman surrendered himself to the Public Security Bureau after the appropriation of funds, Wei Qinghua, the chairman of the new three board listed company, lost his post after he resigned.

Recently, Columbus released a notice of change of executives. The company recently received the resignation letter from Chairman Wei Qinghua. He resigned as chairman and general manager for his physical reasons and continued to serve as a company director.

As a result of receiving the resignation letter by express, the board of directors is checking with himself.

The chairman resigned and lost the pledge.

In the next day after the change of executives in the Columbian paces, the company listed the Guotai Junan Securities issued by the company to remind investors that Wei Qinghua's resignation will have a certain impact on the operation of the company, and Guotai Junan has repeatedly contacted Wei Qinghua to carry out the resignation, but has been unable to get a communication confirmation.

Guotai Junan Securities further hints that all of the shares held by Wei Qinghua are all in pledge. If it fails to repay the loans due to maturity, there will be a risk of changes in the controlling shareholders and actual controllers of Colombo.

As a host broker of Columbia, Guotai Junan Securities will continue to pay attention to the election of the chairman and general manager of the company, and urges Columbus to disclose relevant information in a timely manner.

Reporters noted that Wei Qinghua holds 28 million 620 thousand shares of the company, accounting for 42.72% of the total share capital of the company.

A few months before its resignation, all the shares held in February 19th were all pledged to Sheng Shan asset management (Shanghai) Limited. This pledge is for personal use for a period of six months.

It is worth noting that due to the failure to disclose the 2015 annual report in time, the Columbus step has been suspended since May 3rd. If the Columbus steps are not available before June 30th (including June 30th), the annual report of 2015 will not be disclosed. According to the relevant regulations, the stock of the Colombian stock is at risk of being terminated.

These changes are less than 5 months from the new three boards listed by Columbus.

Columbus steps into the new three board listing in mid January this year. After a month, Wei Qinghua will pledge all his shares.

In April 30th, the company said it could not disclose the annual report of 2015 on time, and therefore stopped the pfer.

In mid May, Wei Qinghua sent a letter of resignation for physical reasons.

"People outside the city want to go in, and the people in town want to come out."

The stars are keen to get together with the new three boards, but Wei Qinghua has to "walk away".

What kind of company is Columbus? What is its business performance?

Wind statistics show that Columbus's main business is

R & D, production and sales.

Its financial data in 2014 is quite embarrassing. The annual operating income of 148 million yuan was 29.42% yuan, down 29.42% compared with the same period last year. The operating profit of -4636.21 yuan decreased by 706.47% compared with the same period last year, and the net profit of -4070.8 million yuan decreased by 853.91% compared with the same period last year.

However, the gloomy business performance has been greatly improved before the listing of the company.

Reporters noted that the financial statements and audit reports released by Columbia in September 2015 showed that as at May 30, 2015, the company achieved a revenue of 68 million 705 thousand yuan and a net profit of 4 million 573 thousand and 940 yuan.

For the company's short-term realization of turning losses into profits, analysts believe that there is no modification of the statement.

Short term accounting treatment is relatively easy to adjust, but the annual report will be somewhat difficult. It does not exclude the discrepancy between the 2015 annual report and the listing announcement.

"Some accounts that may be related to losses will not meet the accounting standards, and the auditors will not be willing to report the audit. The company's losses may be aggravated in the second half of 2015, resulting in the failure to disclose the annual reports.

But the truth is that only enterprises and relevant intermediaries are clear.

Why is the host broker anxious?

Wei Qinghua resigned, so that the organizers of securities Guotai Junan Securities some anxious, emergency notice reminded investors, revealed that Wei Qing Hua has lost contact.

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An oriental Citigroup new three board business told reporters that the responsibility of hosting the broker should be to assist enterprises in standardizing governance and information disclosure effectively and effectively, and prevent the risk of violation of the enterprise and the actual controller.

From another angle, from the regulatory level, it is to endorse the credit of the new three board enterprises.

According to another brokers new three board business people, "we have made a thorough investigation of the enterprises supervised by ourselves before the end of April, and made statistical reports on the 30 days before they could not be disclosed in time, and finally disclosed them in time within the prescribed time". If there is a loss of contact, they need to be disclosed in time according to regulatory requirements, and actively assist regulators to get in touch with the relevant personnel.

If the company fails to disclose its annual report, the company will be at risk of being terminated.

Is it part of the responsibility of the sponsor?

"Like a couple living together, the wife is responsible for taking care of her husband's life and supervising her husband's obligations or opportunities. Once the husband breaks the law, he or she should be held accountable, or whether he has abetted or shielded."

The Oriental Citigroup pointed out that such an extreme situation is difficult for any broker to avoid. After all, responsibility can not be enlarged indefinitely. The key to hosting the securities business is whether there is a risk warning for the first time after knowing the situation, and carry out on-site verification to report to the regulatory authorities in a timely manner.

A more effective way to avoid or prevent risks is to go to the field investigation or verification.

According to insiders, enterprises do not disclose important information in a timely manner and belong to a "negative evaluation". The organizers should also be deducted from the shares. The stock pfer system has a special evaluation mechanism for securities companies.

How to pledge the new three board equity?

Shareholding hostage is a normal financing behavior, and it is an efficient short-term financing mode. However, if a large shareholder of a company has a high proportion of pledge or frequent pledge, there may be a certain risk or even a negative impact.

Wei Qinghua has pledged all his own shares, and some market participants have questioned it.

And the equity pledge of the new three board enterprises is not the same as the equity pledge of the listed companies on the main board.

A CSC investor told reporters that the general three new board stocks are difficult to pledge, and the discount is relatively low, generally below seventy percent off, and the interest rate is very high.

If the company's performance is poor, equity pledge is difficult to achieve.

The new three board itself has poor liquidity, let alone the shares of the company with poor fundamentals, which is difficult to handle after being pledged.

Reporters learned that

Stock pledge is not active because the liquidity of the new three board market is poor. If the enterprise can not repay the money after the expiration of the pledge period, the borrower can sell the hypothecate shares to protect the rights and interests, but poor liquidity may lead to the difficulty of quick trading to protect the rights and interests.

And the threshold of the new three boards is relatively low, and the enterprises are mixed.

Financial institutions did not intend to accept the pledge of new third board companies.