How Will The Shell Guaranteed Busen Turn The Corner By The End Of The Civil Strife?

*ST Busen's turmoil finally came to an end.

On the 17 day, Busen announced the sixteenth meeting resolution of the Fifth Board of directors. According to the announcement, Busen held the sixteenth meeting of the Fifth Board of directors in the form of on-site joint communication. Under the chairmanship of vice chairman Du Xin, all the participating directors adopted the relevant employment motions in a written vote. Liu Tingting was appointed as the chief financial officer of the company, Zhang you was the Secretary of the board of directors of the company, Liu Tingting and Zhang you were the deputy general managers of the company, and Chen Jianfei was the chief strategic adviser of the company.

Since 2015, Busen has repeatedly changed the actual control of the people, the road is bumpy. In 2019, on the one hand, because even the regulatory investors can not find the real P2P Zhao Chunxia who is still in detention outside the province, investors have no rights to safeguard their rights. On the other hand, Busen is facing a countdown to the shell, and the company has to make changes.

Under the circumstances of Zhao Chunxia's ignorance, orient Heng became the largest shareholder of Busen, and began to plan the general election of the board of directors. At the beginning of September, a shareholder meeting without on-site voting, Dong Jian leaving the field ahead of time and changing the witness in the middle of the road ended without any cause for concern. But after this shareholders' meeting, 8 executives including Zhao Chunxia submitted a written resignation report. At the end of 9, Busen's internal combat was changed to Wang Chunjiang by real controller.

In terms of employment performance, Busen has not been improving much. This is also a major problem facing the Orient.

Since Zhao Chunxia controlled Busen, Busen's share price suffered a cliff type crash. In 2017, Busen's net profit changed from profit to loss. In 2018, it lost more than 139 million yuan. In April 2019, it became a *ST Busen. Under the internal and external troubles, Busen's performance forecast shows that the first three quarters of 2019 lost 35 million yuan to 40 million yuan, down 619.18%-529.28% compared with the same period last year. Shell is imminent, if 2019 is no longer profitable, Busen will face delisting.

How did Busen keep its shell in the past month?

In September 11th, Busen shares invested two wholly owned subsidiaries: a main clothing business, which will gradually undertake the clothing business assets of the parent company in the future, and the other mainly engaged in the development of Internet technology, services, big data analysis and software sales, so as to expand the company's demand for financial and technological fields. On the same day, Busen also announced that it intends to acquire the equity of Guangdong letter exchange Agel Ecommerce Ltd, and comprehensively cut into all aspects of electronic payment in the future to expand its operating area.

In October 9th, Busen invested as a limited partner to invest in the "Chia Zhuo Anne equity investment fund partnership", investing in big data and smart retailing related fields. Busen said that in the short term, the investment cycle is long and can not contribute profits to the company in the short term. In the long run, it will help promote the implementation of future industrial integration goals and achieve steady business development, which will have a positive impact on the company's strategic development.

To eliminate clothing business and investment business, cutting into the third party payment is the biggest highlight. In view of the current market situation, the third party payment still has great potential. Under the protection of the third party payment license, Busen is relatively likely to make a profit.

In October, more than half of the total number of Busen shares in the fourth quarter of 2019 will be changed.