Rally Or Fall Into The Abyss? *ST How Can Kang Deal With It?

Just a little while ago, *ST had a series of big events, but unfortunately it was not good news.

12 billion 200 million of the huge sums of money have gone nowhere. The major shareholder of the company is suspected to be a criminal detention. This is undoubtedly a devastating blow to the future development of the company.

In order to stabilize the army, *ST Kang sent an employee letter yesterday to soothe employees' flustered emotions, and promised their employees that the current problems will not affect the future development of the company. The problem is being solved one by one, and the company will eventually return to the right track, please rest assured.

So how did the 11 billion 200 million huge sum disappear?

Xiaobian, let me explain for you now.

In April 30th, *ST Kant (Kang Dexin) disclosed the 2018 annual report, saying that 12 billion 210 million of its large sum was deposited in the Xidan branch of Beijing bank.

But not long after, the authenticity of the news was strongly questioned by the company.

3 independent directors and accounting firms said that this huge sum of money could not be used for payment and could not be implemented. The Bank of Xidan sub branch of Beijing bank also replied "the available balance is zero".

11 billion 200 million the unclear trace of the huge sum of money soon aroused the attention of the Shenzhen Stock Exchange. The Shenzhen stock exchange immediately launched an investigation. During the investigation, it found a strange and wonderful agreement.

It turned out that *ST and the Bank of Beijing agreed to manage the accounts of the Beijing bank in accordance with the zero balance, that is, the funds of each sub account were fully collected into the account of the Hong De investment group.

That is to say, the funds, including that 12 billion 200 million, may have been assigned to the parent company's investment group.

Continuing to study it deeply, he found that Kang De had repeatedly changed his tune.

First, it was unable to confirm whether the company's funds had been occupied by the Kant investment group. After that, it said that the investment group could directly draw the funds of *ST, and then disclosed that it was impossible to exclude the company's funds from being deposited in the account controlled by the group and its affiliates.

*ST's negative events soon spread to the stock price.

It is understood that today is May 14th, *ST Kang had opened 3.68 yuan, 09:30 points, the stock fell 4.91% to 3.68 yuan, sealed down.

Yesterday, the net outflow of the stock amounted to 110 million yuan, with a net outflow of 94 million 29 thousand and 100 yuan, a net outflow of 7 million 702 thousand and 800 yuan and a net outflow of 8 million 658 thousand and 200 yuan for the retail investors.

In conjunction with this month's performance, *ST Kant added 0 times to the list, indicating that *ST's stock was not active.

In the future, *ST can not just send a letter to the staff, as to how to solve the problem, let's wait and see.