As of September 30, 2020, there were more than 13,500 shareholders.
The actual controller of the company was approved for arrest
had previously walked out of 10 days 9 board
On the evening of February 28, *ST China News Service (603996.SH) announced that the company received a letter from the Taizhou Customs Anti-smuggling Branch forwarded by the Jiaojiang District Government Office on February 27, 2021. The letter mentioned that the actual controller of the company, Jiang Zhenhui, was taken into criminal detention by the Taizhou Customs Anti-smuggling Branch on December 24, 2020, and was arrested on January 29, 2021 with the approval of the Taizhou Municipal People's Procuratorate.
Wind information shows that Jiang Zhenhui has served as the general manager of Zhejiang Haitai Import and Export Co., Ltd., director of Zhejiang New Century Import and Export Co., Ltd., general manager of Zhejiang New Century Import and Export Group Co., Ltd., general manager of New Century Import and Export Group Co., Ltd.; director of New Century Holdings, etc.; from May 2007 to June 2011, he served as director and general manager of New Century Optoelectronics Co., Ltd. since June 2011.
As of the third quarter report of 2020, Jiang Zhenhui is still the company's second largest shareholder, accounting for 7.21% of the company's total share capital.
Although the company is full of negative news, since February 8 this year, *ST China News Service has achieved 9 daily limit increases in 10 days, with a cumulative monthly increase of nearly 37%. Due to abnormal fluctuations in stock trading, *ST China News Service has successively issued risk warning announcements.
Relevant creditors withdraw their application for bankruptcy pre-reorganization
The company is still in a state of suspension
Public information shows that Zhongxin Technology Group Co., Ltd. was established in May 2007. Its business scope includes the research and development, manufacturing, processing, sales and purchase of computers, communication terminal equipment, television complete machines and components, audio equipment, film and television recording and playback equipment, integrated circuits, optoelectronic devices and other electronic devices, electronic components and components, electronic whiteboards, and electronic equipment.
htmlOn February 28, *ST China News Service also announced on the Shanghai Stock Exchange that on February 23, 2021, the Taizhou Intermediate People's Court made a civil ruling No. (2020) Zhejiang 10 Breaking Expo 64, ruling to allow the Taizhou Branch of Industrial and Commercial Bank of China (Hong Kong Stock 01398) Co., Ltd. to withdraw the application, and made a decision (2020) Zhejiang 10 Breaking Expo 64-1, deciding to terminate the pre-reorganization of Zhongxin Technology Group Co., Ltd. . As of the date of announcement, the company is still in a state of suspension.announced that the controlling shareholder Zhongxin Industrial Group has entered the bankruptcy liquidation process. The bankruptcy administrator has taken over Zhongxin Industrial Group and performed its duties. He is currently actively working hard to promote the auction of equity . At the same time, the actual controller Chen Desong is also continuing to work hard to raise funds and actively fulfill the equity transfer commitment to repay the occupied company's funds as soon as possible. The above related matters are being advanced, and there is still uncertainty as to whether and when to repay them.
Due to lack of repayment ability
Company shares were auctioned by judicial
On December 31 last year, *ST China News Service issued an announcement stating that China News Service Group Co., Ltd. (hereinafter referred to as "China News Service" or "Debtor") has obviously lacked repayment ability. After the application of Industrial and Commercial Bank of China Co., Ltd. Taizhou Branch, the Taizhou Intermediate People's Court ruled to accept the China News Service bankruptcy liquidation case on August 27, 2020. The administrator packaged and auctioned 155,402,497 shares of your company held by China New Industry through the Taobao judicial auction platform on the afternoon of December 28, 2020, accounting for 51.77% of the total number of shares of the company; this announcement of the judicial auction will lead to changes in the company's control. If the auction is finally completed, the controlling shareholder of China News Technology will change.
On January 29 this year, *ST China News Service announced that according to preliminary estimates by the company's financial department, it is expected that the net profit attributable to shareholders of listed companies will be -600 million to -700 million yuan in 2020. In addition, it is expected that the net assets attributable to shareholders of listed companies will be negative by the end of 2020. It is reported that since the company experienced a tight liquidity situation in 2019, the company has been in a state of suspension of work and production in 2020, resulting in a loss in performance in 2020.
htmlOn February 24, *ST China News issued the "Announcement on the Extinguishment of the Judicial Freeze of Shares for the Controlling Shares". As of February 23, 2021, the Industrial Group has been thawed by the Shanghai Huangpu District People's Court for freezing its 155,402,497 shares of the Company (accounting for 51.77% of the company's total share capital) in a case involving a loan contract dispute between Dexin Commercial Factoring (Shenzhen) Co., Ltd., the Company, Chen Desong and Jiang Zhenhui, and has now been thawed. According to the announcement, the company's equity held in the company needs to be unfreezed and judicial auction is conducted. There are no other special arrangements and as of the date of the announcement, the equity of the company held by the controlling shareholder is still in a frozen state. There is still uncertainty as to whether it can be unfreezed in the future. This article is from China Fund News
