ST Busen Has Changed Its Main Business For Four Years In Five Years.

Recently, ST Busen has been a crisis. Not only for two consecutive years, the risk of delisting was warned. Moreover, Busen has been beset with troubles, from shareholder disputes to real controller changes, and so on.

Some insiders said that from the industry level, actually, Busen went to such a situation. It was a great pity. Because before that, Busen's suits and shirts were very good. If we look at the whole market, the traditional clothing industry is not very good. Such as Shan Shan, YOUNGOR, nine Mu Wang and so on are all affected to varying degrees.

According to previous ST Busen's performance report, we can see that the company's net profit in 2017 and 2018 had a negative growth of -3381 million yuan and -1.93 billion yuan respectively, and the company's stock was implemented in 2019. At the same time, in January 30th, Busen said in its performance forecast that the net profit attributable to shareholders of listed companies was 27 million to 40 million yuan in 2019.

As for the current performance forecast, ST Busen has temporarily lifted the crisis of delisting, but these data are only the result of the preliminary calculation of the financial department, and have not been audited by the accounting firms. Therefore, whether or not we can guarantee the success of the shell, and finally the accuracy of the audit results, is delayed to release the financial report is allowed.

Shen Meng's capital executive director Shen Meng said that there was no need for the company to lie about the company's performance notice. Therefore, the probability of the conclusion and the audit result is consistent. Therefore, the Shenzhen stock exchange is concerned about whether the financial report can be released on time.

At the same time, the announcement of Busen company, if the company is punished by the SFC for its violation of the letter, is also a major delinquent compulsory exit rule stipulated by the implementation measures of the Shenzhen Stock Exchange listed company's major illegal and compulsory delisting measures. The company's stock transaction or the warning of the delisting risk will be implemented. And when the thirty trading date of the delisting risk warning expires, the stock will be suspended, and then wait until the Shenzhen Stock Exchange to decide whether to suspend the company's stock transaction within fifteen trading days.

In October 9, 2019, Wang Chunjiang, the real controller of Beijing Dongfang Heng Zheng technology and Trade Co., Ltd. was elected chairman of the company. According to media reports, in May 2019, Dongheng Heng passed the judicial auction to get a 16% stake in ST Busen, and became the first major shareholder of the company. After that, he continued to exert pressure on several other small and medium-sized shareholders, demanding that the board of directors headed by Zhao Chun Xia and the board of directors of the board of supervisors removed the position, and also gained control of the listed company. After several times, we fought against each other. Finally, the Zhao Chunxia team ended in September 2019.