How To Pform Into Busen'S Urgent Problems

According to the world clothing shoes and hats net, Zhao Chunxia, the technology controller, is in charge.

Shares (002569) are in constant trouble.

After seeing the science and technology facing the trouble that the hypothecate stock was close to the warning line, Zhao Chunxia encountered the embarrassment of being in the company's board of directors.

For Zhao Chunxia, in addition to the above worries, in the background of the downturn of Busen's main business, how to make pformation has become an urgent problem to be solved after the new main body is connected with Busen shares.

The main board of directors is blocked.

After the new controller of Busen shares came to the meeting, the company held a shareholder meeting recently to consider the motion to elect the company's real controller, Zhao Chun Xia as a non independent director. However, none of the bills passed by the shareholders' meeting.

In January 8th, Busen shares issued a notice on the resolution of the company's provisional shareholders' meeting, announces that the Election Bill on the election of 4 non independent directors, 3 independent directors and 2 supervisors has been rejected.

According to the historical announcement issued by Busen shares, the candidates for the board of supervisors considered by the shareholders' meeting were the nomination of the company's new controlling shareholder since November last year.

Song Qinghui, a famous economist, said in an interview with reporters that whether or not all of the shareholders' meetings were in a sense meant that the new chairman Zhao Chunxia was in the main board of the board of directors, and to some extent, it showed the mistrust of small and medium-sized investors and voting with feet.

Wang Zhibin, a lawyer of Shanghai Ming Lun law firm, pointed out that all the bills were on the one hand, indicating that the actual controller's degree of control over equity is relatively dispersed, and on the other hand, it shows that other major shareholders include two levels.

Some small shareholders and ordinary shareholders have a relatively high degree of participation in the general meeting of shareholders.

It should be noted that the lawyer's legal opinion shows that some directors and supervisors of Busen shares did not attend the meeting, while some of the company executives did not attend the meeting.

Leading regulators to focus on

All the deliberations of Busen shareholders' meeting have been quickly aroused the attention of regulators.

In January 8th, the Shenzhen Stock Exchange issued a letter of concern to Busen's "lightning".

Subsequently, in January 10th, Busen shares announced that it received the regulatory attention letter from the Zhejiang Securities Regulatory Commission in January 9th.

Some directors and supervisors did not attend the above meetings and some of the top executives of the company did not attend the meetings of shareholders' meetings, which attracted the attention of the Shenzhen Stock Exchange.

The letter from the Shenzhen Stock Exchange addressed to Busen shares asked why.

At the same time, the Shenzhen Stock Exchange asked Busen shares not to approve the general meeting of shareholders to explain whether there were directors and supervisors who were inconsistent with their representatives when they deliberated on the motion.

In January 9th, the Zhejiang Securities Regulatory Commission also noticed the control of the company in the regulatory attention letter issued by the Busen shareholders' meeting.

In the regulatory concerns letter, the Zhejiang Securities Regulatory Commission asked Busen shares to fully disclose the risk factors that affect the stability of the company's control rights. At the same time, it explained the next steps to be taken by the actual controllers and controlling shareholders in order to ensure the stability of the controlling rights of the company.

In view of the reasons for the failure of shareholders' meeting, the reporter sent an interview letter to Busen shares. However, as of press release, the other side did not reply.

According to an exclusive interview with Zhao Chunxia, the real controller of Busen shares, released by the media in January 9th, Zhao Chunxia said, "the provisional shareholders' meeting reelected the board of directors and the board of supervisors. Because of the sharp decline in share prices, there was a great dissatisfaction among the two tier small shareholders, which led to the result of this re-election."

Pledge stocks close to the warning line

In fact, the decline in share prices mentioned by Zhao Chunxia also led to the fact that all of the shares held by the controlling shareholders of the company were close to the warning line.

It is understood that in November last year, 16, saw technology became Busen's new controlling shareholder.

On the same day, the company saw the technology to pledge all the 22 million 400 thousand shares of the pferee, representing 100% of its stake in Busen.

However, shortly after the pledge of the technology stock, Busen shares fell sharply.

According to the trading market, Busen shares crashed into the limit in December 18th last year.

The next day, the company's stock price "one" limit.

After that, Busen shares were suspended in December 20, 2017 because they planned to sign a strategic cooperation agreement with Busen group.

On January 4th, the first day of resumption, Busen shares suffered another "one" limit.

And on the evening of the same day, Busen shares announced that as of January 4th, the controlling shareholder of the company saw that all the shares of the pawnshop were close to the warning line. In addition, all the (19 million 400 thousand shares) entrusted by Shanghai Rui Zhi's voting rights to security technology were also close to the warning line.

To this end, the newly resumed Busen shares had to declare the company's stock suspension since January 5th.

It is worth mentioning that in January 4th, Busen's lowest intraday price of 32.64 yuan / share has set a new low price since 2017.

Compared with the 47.6 yuan / share of the pferable unit price, the technology has lost more than 300 million yuan.

In response to the reasons for the sudden collapse of stock prices and other issues, the reporter sent an interview letter to Busen shares, but did not receive a reply from the company.

In an interview with the media, Zhao Chunxia responded to the reason why Busen shares suffered a flash crash before the suspension in December 20, 2017. "At present, the reason we should find out is that some of the shareholders in the two tier market have a risk of liquidation of their leverage funds, causing the company's share price to flicker, while the continuous sharp fall has triggered a chain reaction."

In addition, Zhao Chunxia said that controlling shareholders have already reduced the risk through measures such as raising funds, additional margin or additional pledge, and so far, there is no risk of liquidated stock.

However, in Song Qinghui's view, large shareholders of listed companies take a large proportion of equity pledge or full warehouse pledge risk is very high.

{page_break}

Long road to pformation

It is understood that Busen's main business is Busen brand.

The design, production and sale were launched in 2011.

After listing, the company lost 100 billion yuan in 2014, and after 2014-2016 years of continuous three years, the net profit was net loss.

Against this background, Busen shares have begun the road of pformation.

At the end of 2016, the company set up a wholly owned subsidiary Xinghe gold clothing as an innovative financial technology service provider. Busen shares said it would increase investment in big data and artificial intelligence.

In April 2017, Busen shares planned a reorganization of the third party payment and the financial technology information service assets.

However, after 5 months of planning, the reorganization was finally terminated.

At the time of taking over Busen's shares, an SAW technology has said it will promote the pformation of Busen shares to financial technology companies, including, but not limited to, the form of mergers and acquisitions by listed companies.

However, after Zhao Chunxia's accession, the pformation of Busen shares seems to be endless.

Affected by regulatory risk, Busen shares announced in November 30, 2017 that it would terminate the establishment of Xi'an Xinghe network Small Loan Company Limited (hereinafter referred to as "Xinghe small loan").

The small loan of Xinghe was Busen's participation in February 2017, when it was set up to speed up the pformation of the company's industry.

The three quarterly report in 2017 showed that the loss in the first three quarters of Busen shares was about 22 million 700 thousand yuan.

At the same time, due to market downturn, sales continued to decline and other factors, Busen shares are expected to lose 20 million -3500 in 2017.

In Song Qinghui's view, financial technology companies need a lot of talent and technology reserves, and pformation is not easy.

The investment bankers also said that at present, the entry threshold for the Internet financial sector has improved significantly. Both the pformation of listed companies and the development of the original Internet financial enterprises will face strict regulatory issues.

More interesting reports, please pay attention to the world clothing shoes and hats net.