He'S Double Good To Boost Investment Confidence: Repurchase + Major Shareholder Holdings

On the evening of November 15th, he issued a double positive plan to repurchase shares by means of centralized auction instead of 300 million yuan at a price of no more than 14 yuan / share. The total amount of repurchase is not less than 300 million yuan, not more than 600 million yuan. At the same time, the controlling shareholder of cedar cedar and its concerted action plan to increase their holdings in the 6 months by means of centralized bidding and bulk trading, with a sum of not less than 200 million yuan.

Hinur announced that repurchase shares are conducive to safeguarding the interests of the vast number of investors, enhancing investor confidence in the company's investment and promoting the rational return of the value of the company's stock.

Since the resumption of trading in November 13th, it has been reversed today.

Although early in the morning, he opened the trading limit, but quickly opened the limit after two p.m. and closed at 11.87 yuan, up 3.04%.

Boost investor confidence through two pronged efforts

During the suspension period, the small and medium sized board has adjusted nearly 30%, and a large number of stocks have been cut off.

Since the resumption of trading in November 13th, he has inevitably fallen.

In the face of the lack of investor confidence, the major shareholder of the world's top 500, cedar holdings, began to play.

The announcement said that in November 15th, it received the notice of Guangzhou cedar Cultural Tourism Investment Co., Ltd. (hereinafter referred to as "Xue Songwen investment"), the controlling shareholder of the company. The cedar Wen voted and its concerted action Guangzhou Jun Kai Investment Co., Ltd. (hereinafter referred to as "Guangzhou Kai Kai") and cedar Holdings Group Limited (hereinafter referred to as "Cedar Holdings") plans to increase the holdings of the company's shares through the Shenzhen stock exchange trading system within 6 months from the date of the announcement of the proposed increase plan, and intends to increase the holding amount of not less than 200 million yuan.

According to the announcement, cedar Wen voted and its concerted action are based on the recognition of the company's future development and its long-term investment value, in order to enhance the confidence of investors and earnestly safeguard investors' rights and interests.

The stability of the company decided to increase its holdings.

Prior to this increase, cedar Wen and Guangzhou Jun Kai jointly held 65.40% of the company, and cedar holdings did not directly own the shares of the company.

Cedar Wen voted and its concerted action will carry out the increase plan through its own or self financing.

With the implementation of major shareholder holdings, Hinur will also start a buy back plan of up to 600 million yuan.

According to Hinur's announcement, based on the recognition of the confidence and intrinsic value of the company's future development prospects, it is proposed to repurchase some of the shares of the company by means of centralized auction, with its own funds or self raised funds, and the repurchase price will not exceed 14 yuan / share, and the total amount of the repurchase will not be less than 300 million yuan, not more than 600 million yuan.

Hinur's stock price performance today also shows that the market has strong expectations for its future growth potential.

Existing institutions begin to plan

According to the announcement, if the amount of the repurchase amount is 600 million yuan and the upper limit of the repurchase price is 14 yuan / share, the total number of the repurchase stock is estimated to be no more than 42 million 857 thousand shares, accounting for 7.88% of the total share capital issued by the company.

As one of the listed companies listed on the first week of the resumption of the new deal after the implementation of the new buyout policy, the note also pointed out that the repurchase share will be used for "including but not limited to the company's ESOP or equity incentive, conversion of the convertible bonds issued by the listed company, or the need to safeguard the company's value and shareholders' interests, and other purposes permitted by the laws and regulations".

For the impact of the repurchase, he said that according to the financial data in September 30, 2018, the total amount of the total amount of repurchase funds was RMB 600 million yuan, accounting for 16.53% and 27.61% of the total assets of the company and the net assets attributable to shareholders of the listed company respectively.

It will not have a significant impact on the operation, finance and future development of the company, nor will it change the status of the listed company.

This year,

While maintaining the main garment industry, the new business has been pformed into the Maori tourism industry.

Three quarterly reports showed that net profit and net profit in the first three quarters were 79 million 405 thousand and 200 yuan and 11 million 297 thousand yuan respectively, up 256.83% and 222.19% respectively.

The main reason for the surging profits is mainly the new travel business profits and government incentive funds.

There is still much room for improvement in the performance of the company.

According to the China Daily, the gross profit margin is 23%, and the gross profit margin of the A shares 25 travel companies is 39.61%.

As for the investment opportunities that have appeared in the continuous decline of the price of the company, existing institutions have begun to plan.

In November 14th, there were two major pactions in the 11.52 day trading of 2 million 706 thousand and 500 yuan and 3 million 719 thousand and 400 shares respectively. The paction volume was more than 74 million yuan, and the buyers were all Guangzhou Everbright Securities Limited by Share Ltd financial business department.