Busen Men'S Performance Decline In Restructuring Failed Stock Price Limit

With the tightening of backdoor reorganization, more and more A share listed companies have been reorganized, and Busen brand, a maker of brand men's clothing, is one of them.

The failure of restructuring and the dismal fundamentals.

After the resumption of shares, there was no accident.

Yesterday's close, Busen shares have 160 thousand hands big single seal board, the quoted price 39.28 yuan, drops 9.99%.

The termination of the restructuring will return to the main garment industry.

The deadline for the last termination of the reorganization was just over.

The stock started a new restructuring.

In January 4, 2016, Busen shares suspended due to major planning issues; in January 19th, the company confirmed that the major matter was a major asset reorganization; in July 1st, Busen shares said it was currently negotiating with the company.

The data show that you are a second-hand car B2B platform. This reorganization also means the Busen shares with clothing as the main industry, and once again attempts to diversify the layout of the new field.

But in the evening of July 18th, Busen shares announced the failure of the asset restructuring. The company explained that "the domestic stock market environment, policies and other objective situations have undergone major changes".

After the failure of the reorganization, the reporter telephoned.

The relevant office of the stock office did not disclose much details, saying that Busen would choose to return to the clothing business. As for the 6 month commitment period, whether the company will make decisions based on its actual development, continue to promote restructuring, the staff said, "do not exclude the possibility of correlation".

Resumption limit after the two reorganization failed

Busen shares, which failed to resume their restructuring, failed to escape the market in the two market, and they were all stuck in the market all day.

At the close, Busen shares had 160 thousand hands and a single seal, offering a price of 39.28 yuan, or 9.99%.

According to the reporter, this is

Stock assets reorganization failed for third consecutive times, and after each resumption, a larger decrease was achieved.

On the evening of August 21, 2014, Busen shares announced a major asset restructuring plan, saying that Hong Wah agriculture intends to make a price of 4 billion 170 million yuan backdoor, after the completion of the paction, Busen shares will be pformed into high-quality rice and other agricultural products distributors.

But then on the evening of November 26th, Busen shares terminated the reorganization on the ground of "Hong Wah agriculture and shareholder differences".

In the next half month, Busen shares fell nearly 30%.

In February 2015,

Shares were suspended again. After that, Rui assets announced the two restructuring of the company.

In May 5, 2015, Rui's assets became the controlling shareholder of Busen group with a 29.86% stake. However, in May 12th, Busen shares were investigated by the SFC for allegedly false information reorganization during the acquisition of Hong Wah's agriculture. In June 29th, the company announced that the investigation was not terminated because of the filing investigation.

In the two tier market, Busen shares fell 25% in the next 10 trading days.

And the failure of the restructuring will be right.

What's the impact of share price? The analysts said in an interview with reporters: "a short-term drop of more than 30% is a big probability event, because in addition to the failure of restructuring, Busen shares are also facing bad factors such as poor performance and compensation."

According to press statistics, Busen shares suspended trading on December 31, 2015, and the stock price hit a record high of 69 yuan three days before the suspension.

Net profit for two consecutive years, loss 2016 in the first half, a loss of 24 million yuan

From the three reorganization targets of Busen shares, the company intends to pform the direction of agriculture, used car platform, film and television culture and other fields.

In addition, Busen is investing in real estate development in Zhuji, investing in cement plants in Sichuan, and offering small loan companies.

Behind the development strategy of "epitaxial diversification", it is actually

The main business of the stock market is in the doldrums.

Financial data show that

After the listing of shares in 2011, the performance turned downward. The net profit in the 2011-2014 years was 52 million 830 thousand yuan, 40 million 160 thousand yuan, 6 million 60 thousand yuan and -1.03 billion respectively.

Although losses were realized in 2015, the net profit was 24 million 184 thousand and 700 yuan.

From the 2016 semi annual notice, Busen shares are expected to achieve net profit of -2400 million yuan to -1800 million in the first half of this year, down from 314.51%-240.88%.

The reason for the decline in profits is

Chen Jianfei, chairman and general manager of the stock exchange, said on the "investor relations interaction platform" that the whole garment industry was greatly impacted by e-commerce, and at the same time, the cost of business, price and wages continued to rise.

However, reporters noted that YOUNGOR (14.290, 0.02,0.14%), which belonged to China's mid-range men's clothing enterprises, shares with Busen shares, a net profit of 4 billion 715 million yuan in 2015, an increase of 38.23% over the same period last year. The net profits of nine Mu Wang (16.030, -0.05, -0.31%) and Hai Lan were 404 million yuan and 2 billion 953 million yuan, up 15.33% and 24.35% respectively.