Expensive Bird Shares Rose Too Large, Controlling Shareholders Holding Several Times

In December 24th, the company announced that the closing price of the company's stock rose to 20% in the 3 consecutive trading days in December 20, 2019, December 23rd and December 24th. According to the relevant provisions of the Shanghai stock exchange rules, the stock trading was abnormal.

In recent years, the price of the birds has fluctuated substantially, more than most share prices of the same industry, and also higher than the Shanghai Composite Index and the textile and garment sector. As of the closing date of December 24, 2019, the company's dynamic P / E was net profit attributable to shareholders of Listed Companies in the first three quarters of -16.492019, -16607.97 million yuan, compared with the same industry, profitability is weak. We invite the majority of investors to pay attention to the two level market trading risk, rational decision-making and prudent investment.

There is a large debt default risk. Up to now, the company has not yet reached a specific debt settlement plan with the relevant creditors, nor has it signed any debt reconciliation agreement. Due to overdue debts, some of the company's bank accounts have been frozen by law. In the future, the company will continue to face uncertain matters such as litigation, arbitration, asset freeze and so on.

As of the date of announcement, 426 million 547 thousand and 300 stake holders (67.86% of the total share capital of the controlling shareholder) and 89.03% of the shares held by the controlling shareholders are still frozen or waiting for a freeze. The number of judicial auctions is 67 million 695 thousand shares, accounting for 10.77% of the total share capital of the company, accounting for 14.13% of the shares held by the controlling shareholders of Hongkong. The auctioned shares were first auctioned on the Jingdong judicial auction platform in December 16, 2019 and December 23rd respectively. Up to now, the company has not yet received any notification from the company or any relevant legal documents of the Xiamen intermediate people's court. The auction of these shares will not lead to changes in the controlling shareholders and actual controllers of the company.

In addition, the 30 million tradable shares of the company owned by the precious bird group held the first auction on the Jingdong judicial auction platform from 10 o'clock in December 23, 2019 to 10 o'clock in December 24, 2019. According to the auction results displayed on the Jingdong judicial auction platform page, the auction was patrolled because no one had paid the price.