Triple trade company for 3 consecutive years of loss 25 days will be suspended from listing
source: 2010-5-20 Shun Net - Ji'nan daily
Sanlian business agency issued a announcement yesterday that the company will suspend its listing in May 25th due to the company's three consecutive years of loss. It also announced that Gome's efforts to protect the shell failed.
Sanlian company lost 11 million 670 thousand yuan in 2007 and 114 million yuan in 2008. In April 30th this year, Sanlian's annual report in 2009 showed that it lost 37 million 520 thousand yuan in 2009. The announcement said that the audit results of the latest accounting year (that is, 2009) showed that the company continued to lose money as a result of the risk of delisting. According to the regulations of the stock exchange of the Shanghai stock exchange, the continuous loss of the listed companies in the last three years has led to the suspension of the stock market, and the Shanghai Stock Exchange decided to suspend the listing of the triplet shares since May 25, 2010.
in February 12, 2008, Gome group, through the indirect control of the construction of longing Construction Co., Ltd., bid 19.9 yuan per share price per share of 27 million shares of the limited circulation shares (10.69% of the total equity), and then Gome also bid for 22 million 700 thousand shares of the listed company at the price of 5.94 yuan per share, becoming the first major share of the tri Corporation East. In order to keep the "shell", Gome took a series of measures to turn the profit into deficit after taking over the Sanlian company, which greatly increased the gross profit margin of the company. However, after operating profits, the losses caused by the joint and several loan guarantees of the Xingye Bank (the total amount of the tri business agency was 41 million 422 thousand and 600 yuan) were still reflected in the 2009 financial report, which makes the profit - making triad business still unable to make up for the loss.