"Clearance Reduction" Has Exposed Many Problems In The A Share Market.

Recently, the liquidation of the Lu family of Yongda group has received great attention from the public opinion.

The Lu family's "clearance reduction" on the stock of Yongda group has exposed itself greatly.

There are many problems.

Xinhua news agency, as an authoritative media, has raised doubts about this, which is worth affirming.

This also allows market parties, especially regulators, to face up to the issue of large shareholders' reduction, especially the issue of "liquidation reduction" by major shareholders.

The Lu family's "clearance reduction" is clean and thorough: no one left, no one left, not only the stock was cleared, but also all the family members resigned from the company, and no one was in the company.

According to relevant information, since the 20 months after November 2014, the Lu family has achieved at least 6 billion 200 million yuan through block trading, centralized bidding and agreement pfer.

Yongda group was listed on the small and medium-sized board in October 2011.

At the beginning of the listing, Lu family owned about 70% of Yongda group.

Removing the lockup period of three years, this means that Lu family, the founder of Yongda group, has emptied its holdings of Yongda group in less than two years since November 2014.

The speed of its clearance is a record of the A share market.

The Lu family's "liquidation reduction" aroused public opinion.

Even the Xinhua news agency also issued the article "why does the Yongda founding family do not leave one person in the group?"

The "clearance reduction" on the stock of Yongda group is indeed necessary to attract the attention of all parties in the market.

Because Lu family's "clearance reduction" has exposed many problems in the A share market.

Judging from the "clearance reduction" of the LV family, the purpose of Yongda group's listing is to allow the founding family to cash in, rather than for the development of enterprises. In fact, the listing did not bring the development of Yongda group.

Because of this, the enterprise should not have been listed, or is not suitable for listing.

However, such a company that is not suitable for listing is listed, which shows that the issuing system of the A share market does not strictly discriminate the IPO company.

For example, in the large-scale family of Lu family.

In the course of 2014 and 2015, the Yongda group launched a high conversion capital stock plan for two years in order to escort the large-scale reduction of the Lu family.

In January 7th this year, the SFC issued a number of provisions on the reduction of shareholdings of major shareholders of listed companies and directors of the directors of the listed companies, but in fact, large shareholders can easily bypass the "Regulations on the reduction of shares held by the major shareholders of a listed company through the stock exchange in three months, not exceeding one percent of the total shares of the stock market" in a short period of time.

However, despite the fact that Lu family's "liquidation reduction" on the stock of Yongda group is thought-provoking, in fact, the Lu family's "clearance reduction" has many advantages: that is, in December 24, 2015, when Lv Yongxiang, a controlling shareholder of Yongda group, signed a share pfer agreement with Guangzhou Hui Yin RI Feng investment partnership (limited partnership), through the way of the pfer of the agreement, pferred the 100 million shares of Yongda group shares held by Lv Yongxiang to Guangzhou huinfeng investment partnership company, which accounted for 23.81% of the total stock of Yongda group.

For Lu's family who wishes to quit, this practice is worth affirming. It is also a manifestation of responsibility to the company and to investors.

Because this agreement has been pferred, it has found a new supplier for Yongda group, so that Yongda group has new operators and management.

In this way, after the liquidation of the Lu family, the Yongda group would not become a "abandoned child" and become a non owner company.

Yongda group has finally gone smoothly to the "Rong Yu Group" after the "Lu Qing" reduction of the Lu family, which is undoubtedly gratifying.