Year1
- 贵金属：
- 开户
- 代理：
- 招商
- 投资：
- 加盟
On March 1, another company was delisted from the New Third Board - Hongxiang Shares, just days away from its listing date. In just half a year, Hongxiang Shares experienced turmoil on the New OTC Market such as being fined for bribery, default risks on loans pledged to stocks, and disputes over loan contracts.
Hongxiang Shares is not an isolated case. The actual controller of the company lost contact on the first day of listing. Chaos like this is constantly happening on the New Third Board. "Unfamiliarity with the rules is a common reason for NEEQ companies. We, the sponsoring securities firms, are also helpless and have been improving training for companies." &rA NEEQ business person from a large securities firm registered in the south told a reporter from International Finance News.
On one side, there is chaos and sluggish market conditions in the New Third Board market; on the other hand, some securities firms are merging the New Third Board department back into the investment banking department. It is reported that the New Third Board business team of CITIC Securities, which was established less than two years ago, has undergone significant adjustments recently: some personnel have been transferred to the traditional investment banking department, and the original New Third Board business team will join the Shanghai investment banking team to become a regional investment bank in the future. In response, a reporter from International Finance News tried to contact CITIC Securities, but as of press time, had not received a reply.
The continued downturn in the New Third Board market has also confused investors, including companies that want to be listed on the New Third Board, and have begun to become hesitant. "The liquidity of the New OTC Market is so poor now that listing it doesn't mean much to us." &rA company C who originally wanted to list on the New OTC Market for financing said in an interview with a reporter from the International Finance News. So where will the New Third Board market go from here? How can we solve the liquidity problem?
From the listing on the first day of the month to the delisting on the first day of the month, the half-year journey of Hongxiang Shares in the New OTC Market can be called "magic".
At the beginning of the listing, Hongxiang Co., Ltd., which is engaged in meat duck breeding and deep processing, performed fairly well. In years and years, the company's operating income was .00 billion and .000 million respectively, and the net profit was . However, the cash flow on the company's books is not sufficient. The annual report of Hongxiang Shares shows that the company only has a few million yuan in cash on its books.
So one month after the listing, Hongxiang Shares began to pledge its equity. On March 1, Zhou Shaoyong, the company’s controlling shareholder, pledged 10,000 shares to Hubei Provincial Supply and Marketing Small Loans Co., Ltd., and pledged 10,000 shares to Hubei Provincial Agricultural Industrialization Credit Guarantee Co., Ltd. as counter-collateral options for Hongxiang shares. Another 10,000 shares were pledged to Yu Min for personal loans. The above shares account for .% of the company's total share capital. On March 1, Zhou Shaoyong and the company's deputy director Ming Shengzheng pledged 10,000 shares and 10,000 shares respectively, accounting for .% of the total share capital. On March 1, Zhou Shaoyong, who had just released his pledge, once again pledged % of his shares for personal loans.
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