Huafang Textile Repeatedly Empty Assets Reorganization Is Questioned Flickering.

Last year, the announcement of the restructuring and abortion of Hua Fang a target= "_blank" href= "//www.sjfzxm.com/" > textile "/a" revealed that the company was planning major issues (major asset reorganization). In view of the great uncertainty of the matter, in order to ensure fair information disclosure, safeguard investors' interests and avoid abnormal fluctuations in the company's stock price, the company's stock has been suspended since September 17, 2013, after application by the company.

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< p > Company promise: the company will confirm the above important matters as soon as possible, and announce the announcement on September 26, 2013 no more than 5 trading days from the date of stock suspension.

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< p > the company's shareholders have expectations for the reorganization of the company, hoping that the company can announce the reorganization plan in September 26th. However, there are also some shareholders who are not optimistic about the reorganization of the company. Some shareholders even suspect that the company is flickering again. < /p >

< p > major shareholder's promise is not fulfilled < /p >

< p > after yesterday evening, Huafang textile issued a reorganization announcement, the shareholders of the company were different.

Because Huafang textile had had a previous record of restructuring and abortion last year, shareholders of the company believed that the reorganization of the company was also fooling people.

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< p > in fact, the reason why Huafang textile shareholders have no hope of restructuring the company is mainly because the company has announced two major shareholders' overall listing plans, but the two time has been suspended. The final listing of the whole listing plan was aborted in October 2012.

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< p > it is understood that in January 25, 2007, Huafang group, the largest shareholder of Huafang textile company, once promised shareholders of the company. After the completion of Xiajin assets injection, the cotton textile business and assets will be listed on the whole in the next 6 years.

However, in 2008, Huafang's performance declined. In July 31st of the same year, Huafang textile said it would not implement the overall listing of the cotton textile assets of Huafang group. The reason was focused on the cost of raw materials, manpower costs and order shrinkage.

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< p > and this wait until 2011.

In March 30, 2011, Huafang textile released its 2010 annual report. The company also issued a notice on suspension and reorganization.

However, on the same day of its 2010 annual report and the reorganization information release, the national development and Reform Commission formally released the plan for temporary storage and storage of cotton in 2011, and the price of standard grade lint to the warehouse was 19800 yuan per ton.

After that, cotton prices plunged rapidly, and Huafang textile resumed in May 17, 2011, and the restructuring was suspended again.

For the suspension of the restructuring, Han Yimin, then the deputy director of Huafang textile, said that the price of cotton was too low, and if it reorganized at this time, it would eventually lead to a loss of Huafang.

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< p > because the expiration date of Huafang group's overall listing is January 25, 2013, Huafang textile asked its parent company Huafang group in the form of a letter of enquiry, and was answered in 2012 October by "no viable solution to fulfill its promise".

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< p > according to the reply of Huafang group, "since 2011, the cotton textile industry has made difficulties in making profits in the textile industry because of the sharp fluctuations in cotton prices, the rapid growth of all costs, the slow recovery of the international market, the cold demand of domestic and foreign textile market, and the lack of production motivation of the enterprises.

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< p > from above, the commitment of Huafang group, the largest shareholder of Huafang textile, 6 years ago has been unable to materialize, and the company's overall listing plan has therefore failed.

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< p > a company shareholder pointed out that "big shareholders' promises can not be fulfilled. This is a kind of fraud."

The shareholder said, "to prosecute the listed companies, to recover the loss."

More shareholders of the company questioned that the big shareholders' commitment to the overall listing is a hoax, in fact, in order to cooperate with small non high position shipments.

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< p > from the query of shareholders of these companies, Huafang textile has lost some shareholders' trust in the company.

Even the restructuring announced by the company has been questioned by shareholders.

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< p > query the concept of corporate hype reorganization < /p >

< p > because the Huafang group failed to honor its previous commitments, the company's restructuring was also questioned by shareholders and whether it was "flickering" again.

"First restructuring, then lithium power, then small loans.

In short, he has never been honest, and has never been able to walk in any industry. "

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< p > according to public information, since 2009, the price of Huafang textile has increased more than 4 times because of its new energy theme.

As early as the beginning of 2010, brokerage research showed that the company has entered the new energy lithium power business and is determined to become bigger and stronger in this field.

The company's lithium battery business has been in good shape since the end of 2010, and its profitability is expected to be released in the 2011 Annual Report.

At that time, the stock market was in a craze for "lithium everywhere", and the stock price was very hot.

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< p > asset restructuring also provided an opportunity for the rise of Huafang textile share price.

In March 30, 2011, the unit began to suspend business due to major issues. In April 11, 2011, the company issued a temporary announcement that the company's controlling shareholder Huafang group is planning a major asset reorganization for the company.

In May 17, 2011, after the suspension of the stock for one and a half months, the company issued a disappointing announcement, saying, "after argument, in view of the recent major changes in the market environment, the performance of the assets injected will fluctuate greatly. There will be significant uncertainties in the continued reorganization, which may have a negative effect on the performance, so the major asset reorganization will be suspended."

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After the announcement of the announcement, the price of Huafang textile company was hit hard, and it fell 7.16% on the day of resumption. In May 24, 2011, there was a rebound in the rebound and the amount of money was released. Then it continued to fall sharply, and the signs that the organization pulled up the shipment were very obvious.

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< p > whether the reorganization of Huafang textile is true or false, and the shareholders of the company hold a word, and a company shareholder feels that "Huafang reorganization can not afford to hurt".

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