On April 2, Sanan Optoelectronics issued an announcement on the pledge of shareholder stocks. Sanan Group holds 83 million shares of Sanan Optoelectronics and pledged it to Xiamen Branch of Industrial Bank Co., Ltd., and has completed the registration procedures for securities pledge.
According to the announcement, as of April 1, the company's controlling shareholder Sanan Group holds a total of 245 million shares (78,741,963 shares), accounting for 17% of the company's total share capital, and has pledged a total of 213 million shares, accounting for the company's total share capital. 14.75%. This means that Sanan Group has pledged 86.7% of Sanan Optoelectronics' stock.
A few days ago, some media reported the truth of the 20 billion market value of Sanan Optoelectronics, exposing the black curtain of Sanan’s purchase of street lamps at a high price and reselling it to the government, as well as the related transactions of chips and street lamps. Surprisingly, after the close on April 1, Sanan Optoelectronics did not publish a “clarification announcement†on the website of the Shanghai Stock Exchange, but issued a notice of the pledge of shareholder shares.
The pledge dates of these stocks are very intriguing. In August-September 2010, Sanan Group pledgeed a total of 94.76 million shares of Sanan Optoelectronics to Zhongrong International Trust, Wuhu Weida Optoelectronic Industry Investment Co., Ltd., etc. The average price on the 20th was about 48 yuan. Later, after 10 yuan in May 2011, 12 yuan was sent to 12 shares. The corresponding stock pledge was also changed to 208 million shares, and the pledge price was 21.72 yuan (algorithm: (48- 0.2) / (1 + 1.2)).
If the stock pledge market practices: 50% pledge rate, pledge price 150% as the warning line, pledge price 130% as the closing line, Sanan Group pledges the pledge price, warning line, and liquidation of Sanan Optoelectronics stock The lines are 10.86 yuan, 16.29 yuan and 14.12 yuan respectively. The price of Sanan Optoelectronics in the past three months in 2013 has been fluctuating around the 14 yuan closing line. If the existing pledged stocks do not increase pledge or reduce the pledge leverage ratio, These stocks pledged by Sanan Group are very likely to be sold out by trust companies and banks.
On April 1, Sanan Optoelectronics' stock price plummeted 9.11%. The intraday share price once fell, and the stocks pledged by Sanan Group were even more vulnerable to forced liquidation.
At this point, the stock pledge announcement issued by Sanan Group may be a helpless response to the stock pledge line.
According to the announcement, as of April 1, the company's controlling shareholder Sanan Group holds a total of 245 million shares (78,741,963 shares), accounting for 17% of the company's total share capital, and has pledged a total of 213 million shares, accounting for the company's total share capital. 14.75%. This means that Sanan Group has pledged 86.7% of Sanan Optoelectronics' stock.
A few days ago, some media reported the truth of the 20 billion market value of Sanan Optoelectronics, exposing the black curtain of Sanan’s purchase of street lamps at a high price and reselling it to the government, as well as the related transactions of chips and street lamps. Surprisingly, after the close on April 1, Sanan Optoelectronics did not publish a “clarification announcement†on the website of the Shanghai Stock Exchange, but issued a notice of the pledge of shareholder shares.
The pledge dates of these stocks are very intriguing. In August-September 2010, Sanan Group pledgeed a total of 94.76 million shares of Sanan Optoelectronics to Zhongrong International Trust, Wuhu Weida Optoelectronic Industry Investment Co., Ltd., etc. The average price on the 20th was about 48 yuan. Later, after 10 yuan in May 2011, 12 yuan was sent to 12 shares. The corresponding stock pledge was also changed to 208 million shares, and the pledge price was 21.72 yuan (algorithm: (48- 0.2) / (1 + 1.2)).
If the stock pledge market practices: 50% pledge rate, pledge price 150% as the warning line, pledge price 130% as the closing line, Sanan Group pledges the pledge price, warning line, and liquidation of Sanan Optoelectronics stock The lines are 10.86 yuan, 16.29 yuan and 14.12 yuan respectively. The price of Sanan Optoelectronics in the past three months in 2013 has been fluctuating around the 14 yuan closing line. If the existing pledged stocks do not increase pledge or reduce the pledge leverage ratio, These stocks pledged by Sanan Group are very likely to be sold out by trust companies and banks.
On April 1, Sanan Optoelectronics' stock price plummeted 9.11%. The intraday share price once fell, and the stocks pledged by Sanan Group were even more vulnerable to forced liquidation.
At this point, the stock pledge announcement issued by Sanan Group may be a helpless response to the stock pledge line.
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