The hottest paper-making enterprise was listed in

2022-08-18
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This paper-making enterprise has been listed for less than two years. After the "fast" St fell by the limit for two consecutive days, it threw out a repurchase case of 100million yuan.

the combination of foaming rate and bridging rate is extremely important. Release date: Source: Yinshi finance and economics, mantan paper. Views: 1735 copyright and disclaimer

core tip: on May 7, after being crowned as "ST", St Songyang () fell by the limit for two consecutive days, and the company quickly released the share repurchase plan "rescue" in the evening. Statistics show that Guangdong Songyang regeneration

on May 7, after being crowned "ST", St Songyang () fell by the limit for two consecutive days, and the company quickly released the share repurchase plan "rescue" in the evening

according to the data, Guangdong Songyang renewable resources Co., Ltd. is mainly engaged in the R & D, production and sales of environmentally friendly recycled paper

Yinshi finance and economics noted that st Songyang only landed in Shanghai stock market in June 2019, and has been "thundering" in less than two years

repurchase of no less than 100million yuan

the announcement shows that st Songyang plans to use its own funds to repurchase some shares of the company in the form of centralized bidding transactions for cancellation and reduction of registered capital. The total repurchase fund is not less than 100million yuan and not more than 200million yuan, and the repurchase price is not more than 12.00 yuan/share

if the upper limit of the total repurchase capital is 200million yuan and the upper limit of the repurchase price is 12 yuan/share, the number of repurchased shares is expected to be about 16.6666 million shares, accounting for about 8.09% of the company's current total share capital; If the lower limit of the total repurchase amount is 100million yuan and 12 yuan/share, it is estimated that the number of shares that can be repurchased is about 8.3333 million shares, accounting for about 4.05% of the company's current total share capital

compared with the closing price of 8.54 yuan/share on the 7th, the highest price of 12 yuan/share in the repurchase plan offered by St Songyang is 40% higher. The company's intention to boost the share price through repurchase is obvious. However, it is noted that as of March 31, 2021, St Songyang had only 187million yuan in cash on its book, and whether the repurchase of 100million to 200million yuan can be implemented is still in doubt

previously, due to the negative opinion of Guangdong Si Nong Certified Public Accountants on the effectiveness of its internal control, according to relevant regulations, the trading of St Songyang shares was suspended for one day on April 30, and other risk warnings were implemented from May 6

although in the suspension announcement, St Songyang said that the board of directors of the company had completely solved the problem of capital occupation and recovered the principal and interest of the occupied capital before April 29, 2021, and said that the board of directors of the company would comprehensively strengthen internal control management, standardize the capital exchanges between the company and its controlling shareholders and other related parties, and eliminate the occurrence of such events. CO2 emissions per vehicle per year could be reduced by 0.5T

however, after the resumption of trading, St Songyang still fell by the limit for two consecutive trading days, with more than 120000 orders closed on the 7th

an institutional investment adviser said that although most companies claim that the problem of occupying funds is difficult or impossible due to the existing injection molding technology, for companies with moral defects, the funds will definitely "vote with their feet", and institutions will also pull them into the "blacklist", and the stock price has been reflected

the actual controller occupied funds

according to st Songyang's 2020 annual report, the company achieved an annual operating income of 499 million yuan, a year-on-year decrease of 14.47%; The net profit attributable to the parent company was 76.6134 million yuan, a year-on-year decrease of 14.91%

in addition to facing the dilemma of declining revenue and profits, St Songyang also needs to face the problems of internal control

the announcement said that by the end of 2020, Wang Zhuangpeng, the controlling shareholder and actual controller of St Songyang, had occupied a total of 392million yuan of the company's funds through prepayment of equipment suppliers, of which 239million yuan was occupied by raised funds. However, the above related party transactions and fund activities did not perform the approval procedures and timely information disclosure obligations in accordance with the relevant provisions, so the annual audit accounting firm issued a negative opinion

it is worth noting that the pledge announcement on April 24 also pointed out the direction for the development of China's plastic granulator technology. The company also mentioned that the controlling shareholders did not infringe the interests of listed companies through non operating fund occupation, illegal guarantees, related party transactions, etc., and St Songyang was "beaten in the face" by the actual controller within a week

according to the announcement, at present, Wang Zhuangpeng, the actual controller of St Songyang, and Wang Zhuangjia, the person acting in concert, pledged their shares due to the replenishment of working capital. Among them, Wang Zhuangpeng pledged 35.66 million shares, accounting for 58.4% of the total share capital of the company held by him; Wang Zhuangjia pledged 17.6 million shares, accounting for 90.4% of the total share capital of the company

if the subsequent share price of St Songyang continues to decline, a high proportion of pledge may face risks

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