October 23 news, the GEM company Yinbang shares (300337) actual controller Shen Yulan has pledged all the shares, as long as the company's stock price falls again, it will face the risk of blowing up. In addition, the company's third largest shareholder, Shan Yu, was forced to liquidate his position in the face of a rebound in the stock market.
At the end of September, Yinbang shares began to plummet on September 21, the day fell to a stop and 3 consecutive trading stops, as of October 22, the company's stock price has been slashed, from 6.7 yuan / share to near 3.33 yuan / share.
The decline in stock prices not only traps retail investors, but also traps major shareholders. According to the data, in just over 10 days, Shen Yulan, the actual controller of Yinbang shares, made two emergency positions.
On October 9, Shen Yulan pledged 62,110,000 shares, accounting for 21.94% of the company's shares and 7.56% of the company's total share capital. The shares were pledged to Essence Securities and Guangda Securities respectively. After this pledge, Shen Yulan, who holds 283,040,000 shares (representing 34.44% of the total share capital of the company), has pledged 277,600,000 shares held by him, accounting for 98.08% of his holdings.
Shan Yu was forced to close his position
On October 19, Shen Yulan once again pledged 5,440,000 shares to Essence Securities, accounting for 1.92% of the company's shares and 0.66% of the company's total share capital. After the supplementary pledge of shares, Shen Yulan has pledged a total of 283,040,000 shares of the company's shares, accounting for 100% of the company's shares held by him and 34.44% of the company's total share capital.
On October 19, the closing price of Yinbang shares was 3.33 yuan / share, as of press time, the company's stock price was 3.52 yuan / share, as long as the stock price fluctuated slightly, Shen Yulan would face a state of no shares to bet on and face the risk of blowing up.
The actual controller is having a hard time, and the third largest shareholder, Shan Yu, is also caught in the pledge storm.
On October 23, Yinbang Issued an announcement that some of the shares pledged to First Venture Securities by Shan Yu, the company's third largest shareholder, suffered a passive reduction due to forced liquidation from October 18, 2018 to October 22, 2018, and the cumulative passive reduction of 8,000,000 shares of the company's unlimited sale and circulation shares, accounting for 0.97% of the company's total share capital. Of these, 6.99 million shares were liquidated during the rebound in the stock price.
After being liquidated, Shan Yu's shareholding fell from 7.11% to 6.14%.
The announcement said that Shan Yu currently maintains close communication with First Venture and will actively take measures to deal with risks, including but not limited to responding to liquidation risks through margin calls, additional pledges or early repurchases. However, it is not excluded that some of the company's shares held in the communication process may continue to be passively reduced.
This article originated from the digging shell network
For more information, please visit the website of the financial community (www.jrj.com.cn)
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