Home Business Qixiang Tengda’s controlling shareholder terminates its shareholding reduction plan ahead of schedule, the chairman intends to increase its shareholding_Sina Technology

Qixiang Tengda’s controlling shareholder terminates its shareholding reduction plan ahead of schedule, the chairman intends to increase its shareholding_Sina Technology

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Original title: Qixiang Tengda’s controlling shareholder terminates its shareholding reduction plan ahead of schedule and the chairman intends to increase its shareholding

On November 22, after the disclosure of the chairman’s increase in holdings and the early termination of the reduction plan by the controlling shareholder, Qixiang Tengda’s share price rose 8.68% to close at 9.39 yuan; the convertible bond “Qixiang Zhuan 2” rose 13.29%.

Before the market on the same day, Qi Xiang Tengda issued an announcement stating that the company had received the “Notice Letter on Termination of the Previous Shareholding Reduction Plan” from the controlling shareholder Qi Xiang Group. The announcement shows that in order to boost investor confidence and effectively maintain the interests of small and medium investors and the stability of the capital market, Qixiang Group has decided to terminate the previous shareholding reduction plan and promised not to pass securities transactions in the next six months from the date of the announcement. The system reduces its shareholding in listed companies. As of the announcement date of the announcement, Qixiang Group’s previous shareholding reduction plan has not been implemented. It is understood that Qixiang Group previously planned to reduce its holdings of the company’s shares through a centralized bidding transaction from November 1, 2021 to April 30, 2022, and the total amount of reductions shall not exceed 2% of the company’s total equity.

At the same time, Qi Xiang Tengda, chairman of the board of directors, put out a plan to increase holdings of more than 100 million yuan. According to the announcement issued by Qi Xiang Tengda on the evening of the 21st, based on firm confidence in the company’s future development prospects and reasonable judgments on the value of the company’s stocks, and at the same time, in order to enhance investor confidence and effectively maintain the interests of small and medium investors and the stability of the capital market, the chairman of the company Che Chengju promised to increase its holdings by no less than 100 million yuan and no more than 150 million yuan in the next six months from the date of the announcement of the announcement. There will be no price range set, and it will be based on the overall market trend and fluctuations in the company’s stock trading prices. , Choose the opportunity to implement the plan to increase holdings. According to reports, Che Chengju directly held 93,117,300 shares of the company before the increase, accounting for 3.28% of the company’s total share capital. It is worth noting that the announcement stated that the shareholding increase is based on the specific identity of the shareholding increaser. If the relevant identity is lost, the personal shareholding increase plan will not be continued.

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On November 19, Qi Xiang Tengda suffered a double kill of stocks and debts after the disclosure of the company’s controlling shareholder being investigated. The stock price fell to the limit, and “Qi Xiang Zhuan 2” fell 13.78%. According to the announcement, the company’s controlling shareholder Qixiang Group received the China Securities Regulatory Commission’s “Case Initiation Notice” on November 17, 2021. Due to Qixiang Group’s suspected insider trading and other violations of laws and regulations, in accordance with the “Securities Law of the People’s Republic of China” and the “Administrative Punishment Law of the People’s Republic of China” and other laws and regulations, the China Securities Regulatory Commission decided to initiate an investigation by the Qixiang Group. The company stated that the above-mentioned case is an investigation by Qixiang Group and will not affect the company’s normal production and operation activities. During the investigation, Qixiang Group will actively cooperate with the work of the China Securities Regulatory Commission and perform its information disclosure obligations in strict accordance with regulatory requirements.

Since the beginning of this year, Qixiang Tengda’s performance has increased significantly. The third quarter report shows that the company achieved operating income of 25.756 billion yuan in the first three quarters of this year, an increase of 57.69% year-on-year; net profit attributable to shareholders of listed companies was 2.163 billion yuan, an increase of 174.84% year-on-year. The company once stated in the disclosure of the “Performance Forecast for the First Three Quarters of 2021” that the release of the company’s new production capacity has increased the company’s product production and sales and profits, and is the main factor in the company’s performance growth in the first three quarters. In the secondary market, Qixiang Tengda has a cumulative increase of 142.83% from January 1 to September 22 this year (after re-rights processing), and hit a record high in the intraday on September 23. However, in the past two months, Qixiang Tengda’s stock price has fluctuated downward, and its market value has evaporated by more than 30%. Flush data shows that from September 23 to November 22, Qixiang Tengda’s stock price has fallen by 33%, and its market value has shrunk from nearly 40 billion yuan on September 23 to the current 26.7 billion yuan.

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