The Price Of 100 Thousand Shares Dropped Sharply, And Another Woman'S Shoes Went To The Landslide.

Recently, the "stock price drop", "stop buying", "semi annual report from profit to loss", "termination of rights issue" and other keywords were marked on the body of the company. The Hongkong company became a downhill after BELLE and Daphne.

Enterprise.

Since June 21st, the stock price has dropped sharply. As of press release, its closing price is HK $0.62, which is over 7 from the closing price of HK $2.43 in June 20th.

Affected by this, the 1 billion 300 million Hong Kong dollar market value of new shares was terminated.

Prior to that, the company announced in May 16th that it would offer some shares to Wangfujing and Ji Changqun to supplement its working capital and repay its assets.

Among them, the placing shares accounted for about 26.48% of the issued shares, and the total market value of these shares was HK $1 billion 331 million per day on the day of the agreement.

Wangfujing group, Feng Sheng holding chairman Ji Changqun and Tao Wenni chairman Tao Wenni subscribed for no less than 120 million Hong Kong dollars, HK $120 million and 50 million Hong Kong dollars.

When the median selling price was HK $2.7, the rights allotment amounted to HK $1 billion 480 million, and the fund raised by the company was used to pay for the acquisition of the "House of Fraser" price of the old department store brand in the United Kingdom, or to repay the existing bank interest bearing loans and general working capital.

However, in August 1st,

Since the recent decline in the market share of the company's shares is far below the level of HK $2.4 to HK $3, the company and its placing agents believe that the placing issue has become unworkable, so they agree to terminate the placing agreement.

After the termination of the rights issue, the takeover activities will end in the delay and abandonment.

In May of this year, the company reached an agreement with the Nanjing Xinjiekou department store Limited by Share Ltd (hereinafter referred to as "Nanjing new hundred") to acquire House of Fraser shareholding stake from the latter.

The acquisition of the company is divided into two parts: the purchase of House of Fraser 34% stake by 71 million 600 thousand pounds, and the subscription of House of Fraser by 70 million pounds for a total of 51% shares.

In the July 26th announcement, the company announced that it would delay the acquisition of House of Fraser, which was mainly due to a number of creditors' prosecution of the restructuring plan. Therefore, the company and its professional advisers need more extra time to implement the reorganization plan and the company's financial information, thereby postponing the paction.

Then, in August 3rd, Nanjing announced the announcement of the new 100 billion shares. Due to the fall in the share price of the company, the company believed that the major asset restructuring at this stage is of great uncertainty. In order to safeguard the interests of all shareholders and the company, the parties concerned have carefully studied and proposed to terminate the heavy asset reorganization.

So far,

The acquisition plan failed.

As the saying goes, "evil never comes singly", after the acquisition delay, stop and termination of rights issue, the company's performance has also changed.

The August 1st semi annual announcement showed that the company's performance in the first half of 2018 is expected to turn from profit to loss, and it is expected to lose 20 million yuan in the first half of this year.

According to the announcement, the net loss was mainly attributable to the increase in the financial cost of the group, including the early redemption of convertible bonds and bills by the group and the appreciation of the US dollar against the renminbi.

Although the above reasons are explained, the decline of performance has become an inevitable fact.

current

Most of them are in a recession, and their families are constantly changing or exploring new development ideas, but the effect is not very obvious, and most of them are not profitable.

BELLE's delisting and Daphne's losses in successive years, and the recent operation and management of the company are not smooth.

As of press release, the response has not yet been answered.