Listed Companies: Equity Auction Postponed Unpredicament Dilemma, Busen Shares Real Control Left Behind

A judicial auction, which is related to the ownership of Busen shares, has been suspended for some reason. Ali auction platform shows that the stock auction of Busen shares that should have been held on February 16th and 17 has been suspended for some reason.

The auction, which was signed by 6 people, could have led Busen to change its ownership.

Zhao Chunxia, the real controller of Busen shares, who was born in 1986, seems to have had a chance to breathe. But yesterday, the reaction of the company's share price drop was a bit awkward.

Zhao Chunxia, a radical buyer and craggy, has not dispelled any crisis.

Auction postponed stock price crash

Due to disputes between Warburg and Shanghai, the first intermediate people's Court of the people's Republic of China issued a notice at Ali auction, which will auction 22 million 400 thousand shares of Busen stock held by security technology, accounting for 16% of the total share capital.

The starting price is 227 million 800 thousand yuan, and the margin is 20 million yuan. The auction time is from 10 from February 16th to 10 hours in February 17th.

Unexpectedly, the auction was temporarily suspended.

The reason for Ali's auction platform is: "letter from the relevant departments, asking for a reprieve".

The page shows that the stock auction has already been signed by 6 people, and 415 people have set up reminders, attracting a total of 468 thousand and 800 onlookers.

"From the past equity auction, 6 people sign up for participation, which means that they will probably drop their hammer."

Market participants told reporters, "because the auction of listed companies is more sensitive, there has been a temporary suspension of the auction stage.

However, if the debt dispute involved by the parties can not be resolved, the auction may continue. "

An see technology is Busen's real controller Zhao Chunxia's company.

In October 2017, at an 1 billion 66 million yuan price, Xu Maodong saw the 16% largest shareholder from Busen, the largest shareholder of the company.

Later, Zhao Chunxia took the share of partner of Shanghai Rui Wei assets with 50 million yuan, and indirectly acquired the shares of the 13.86% listed companies held by the latter, thereby consolidating the holding position with 29.86% shareholding.

Strangely, after Zhao Chunxia's accession, the stock price of Busen continued to fall.

At the end of October last year, Busen shares announced that the 22 million 400 thousand shares of the company held by the technology company were frozen by the Hangzhou Shangcheng district court.

At the same time, the Shanghai intermediate people's court made an executive ruling on the dispute between the Warburg trust and the security pledge of an technology stock, waiting to freeze all the stocks held by the technology.

If Ann sees the shares held by others, Zhao Chunxia will withdraw from the position of the real controller.

It is interesting to note that after the announcement of the equity auction, the stock price of Busen shares rose slightly, but after the auction was suspended, the company opened its stock price yesterday. With the strong market, it opened up the limit plate and fell 6.21%, or two in the Shanghai and Shenzhen stock markets.

How can Zhao Chunxia restore the decadent situation?

Zhao Chunxia, born in 1986, graduated from Beijing Forestry University and EMBA, Hong Kong University Science & Technology. She was described as "financial genius girl" by the outside world.

Combing Zhao Chunxia's entry cost carefully, besides the above explicit consideration, he will also bear the total debt principal amount of 450 million yuan, subsequent interest and joint guarantee obligations of the 19 million 400 thousand shares of Busen shares in Shanghai due to the Pledged Shares of Busen.

The total cost of Zhao Chunxia's actual shell purchase is as high as 1 billion 600 million yuan.

With the latest stock price, the market value of all 29.86% of its shares is only about 500 million yuan.

At the same time, Busen shares also involve more loan disputes, including Deqing County SME financial services center limited, Zhu Dandan, Shenzhen Shun Rong financial Cci Capital Ltd and so on.

Busen shares said that the disputes involved occurred in the company's original real controller Xu Maodong control company, and said that the occurrence of the case may be the suspect forged the company's official seal and the legal representative's chapter, and the company's name has been implemented. The company has reported it to the police.

Busen has revised its performance forecast because of the corresponding liabilities such as liabilities predicted in the three cases mentioned above, and is expected to lose 185 million yuan to 198 million yuan in 2018.

As a result, the company may be ST for two consecutive years of performance losses.

In addition to the title of chairman of Busen shares, Zhao Chunxia's more widely known identity is P2P platform's love investment boss.

According to the previous statement of love investment, the company has been in the preparatory stage of IPO in the past two years, and in June last year, it announced the launch of C round of financing. The planned financing scale is 100 million to 150 million dollars, and the post investment valuation will reach 6 billion yuan.

After Zhao Chunxia entered Busen's stock market, he speculated that it might be injected into Internet financial assets.

But the reality is that Internet financial regulation has been continuously strengthened, and the P2P platform has concentrated on exploding thunder.

In July 2018 and August, AI invested two announcements of debt repayment on the company's website, and urged the more than 90 defaulting "old Lai" to list debts. The list involved many listed companies and their actual controllers, including Xu Maodong and his "Star River system".

On the one hand, huge sums of money were invested in Busen's stock, and on the other hand, its P2P platform was in great danger. How could Zhao Chunxia restore the decadent situation?