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Has been suspended for two years. After "Immortal Bird" resumed its listing, it seemed to rescue a wave of investors. However, the stock price fell by 86% in three years, but it put more investors on the top of the mountain!
On July 20 (Friday), the share price of Changhang Phoenix (000520) closed at 3.01 yuan, with a transaction of 67.91 million yuan on the same day; as of now, the company's latest market value is 3.05 billion yuan.
Query Financial Management noted that on July 22, Changhang Phoenix announced that Changhang Group sued Tianjin Shunhang and Guangdong Wenhua after the termination of the equity transfer between Tianjin Shunhang and Guangdong Wenhua, and the trial is now over. Within ten days from the date of the effectiveness of the court's judgment, Tianjin Shunhang and Guangdong Wenhua jointly paid the plaintiff China Yangtze Shipping RMB about 266 million, and paid interest at the bank's loan interest rate for the same period.
At the same time, on July 18, the company received a letter from Changhang Group on the use of the "Changhang" trademark.
letter stated: "Changhang" as the relevant trademark of the enterprise font is the Class 39 registered trademark applied for by Changhang Group in June 2003. The actual owner and the exclusive right holder of the trademark are China Foreign Transport Changhang. However, because the Foreign Transport Changhang is the investor of Changhang Group, it was entrusted by it to send a letter to the company to take measures as soon as possible to change the enterprise font of the "Changhang" font.
In fact, after Tianjin Shunhang Shipping took over, the company failed to reorganize twice, and its stock price fell into the abyss.
was suspended from listing in December 2013 due to losses and insolvency in the three consecutive fiscal years in 2011, 2012 and 2013. In October 2014, Changhang Phoenix completed its reorganization and turned losses into profits that year; on May 6, 2015, Changhang Phoenix submitted an application to the Shenzhen Stock Exchange for listing resumption.
Then, Tianjin Shunhang appeared! In July 2015, China Foreign Transportation Changhang Group (central enterprise), the former controlling shareholder of Changhang Phoenix, transferred all its shares to Tianjin Shunhang for 1 billion yuan in cash, with the transfer price of 5.53 yuan per share, and the actual controller was changed to Chen Deshun.
It is worth noting that the two parties agreed at that time that after the completion of this share transfer, Tianjin Shunhang will be responsible for promoting the major asset restructuring of Changhang Phoenix, injecting all shares of its holding subsidiary Ganghai Construction into Changhang Phoenix in accordance with the law, and ensuring that the major asset restructuring and delivery will be completed before May 31, 2016.
Therefore, Changhang Phoenix, which was supposed to resume listing on August 18, 2015, announced a suspension of trading due to the planning of major matters. After four months of delay, Changhang Phoenix finally welcomed resumption of trading on December 18, 2015. On the day of resumption of trading, Changhang Phoenix's highest intraday increase reached 753.80%. By the closing price, the stock price was 21.20 yuan, and the increase was still as high as 737.94%. For a time, the "Immortal Bird" won the attention of the market.
is relatively close to the closing price of 2.53 yuan per share before the suspension of listing. The original investors still make a lot of money, and it is normal to start a high-level return! However, all investors who pursued the trading day were trapped. On December 21 and 22, Changhang Phoenix's stock price hit the daily limit for a row on December 21 and 22, and then the stock price fell continuously. The highest decline in a month has exceeded 60%...
was quite surprised that the number of shareholders during Changhang Phoenix's suspension period was only 77,049, and after the resumption of trading on December 18, 2015, by the end of 2015, the number of shareholders had increased to 240,316; that is to say, there were 160,000 shareholders at the high level, or they chased in half the mountain at that time!
As a result, Changhang Phoenix's stock price has never reached 21.6 yuan so far. As of now, the stock price is only 3.01 yuan, and the decline has exceeded 86% in the three years since it resumed its listing. It rescued a wave of investors, but trapped a large wave of "new leeks"...
reviews twice that announced asset replacement or controlling equity transfer. Asked about Financial Management noticed that at that time, Ganghai Construction wanted to borrow Changhang Phoenix for 7.8 billion yuan. What made the market questioned was that in the transaction of purchasing assets, the issuance price was 2.39 yuan per share; in the fundraising, the issuance price was no less than 2.55 yuan per share.
However, since the application for "Power and Waterway Engineering Construction's "Level 1 General Contracting" qualification and overseas construction qualification have not been approved by relevant departments, the "half-sell and half-send" restructuring case led by Tianjin Shunhang was eventually "missed". After the abacus on the injection of
assets failed, Chen Deshun decided to "sell the shell".In April 2017, Tianjin Shunhang planned to transfer its 17.89% equity to Guangdong Wenhua for 1.9 billion yuan. At that time, 1 billion yuan was taken over. In less than two years, Chen Deshun made 900 million yuan.
However, this transfer was abandoned again in September 2017, and even triggered the above-mentioned lawsuit. In other words, after Tianjin Shunhang Chen Deshun took over, there may be a drama of "losing his wife and losing his soldiers" in three years...
