After more than 10 consecutive falling limits, the former "No. 1 Fashion Design Stock" is about to bid farewell to A-shares at the end.
On the evening of December 26, *ST Bolong announced that the company's ** price has been lower than 1 yuan for 20 consecutive trading days, which has touched the Shenzhen Stock Exchange's trading delisting regulations.
According to the relevant rules, the company** will be suspended from the opening of the market on December 27 (Wednesday).
Touched the trading delisting requirements.
On December 26th, *ST Bolong fell again without suspense, and finally closed at 04 yuan shares, **476%, with a market capitalization of only 21.5 billion yuan. As of the third quarter, the number of shareholders of the company was still 1880,000 households.
ST Bolong said that since November 29, the company's ** price has been below 1 yuan for 20 consecutive trading days, and it has touched the trading delisting regulations of the "Shenzhen ** Exchange ** Listing Rules (2023 Revision)". According to the relevant rules, the company's ** trading has been suspended since the market opened on December 27 (Wednesday), and the company's ** trading is at risk of being terminated from listing.
The announcement also stated that in accordance with Article 9 of the Listing Rules of the Shenzhen **Stock Exchange (Revised in 2023).1.Article 15 stipulates that "after the listed company ** is forcibly delisted by the Exchange, it enters the delisting consolidation period, except for the termination of listing due to the occurrence of transactional compulsory delisting". Therefore, *ST Bolong** does not enter the delisting period.
It used to be the "first stock of clothing design" in A-shares
In 2006, Chen Weixiong and Chen Nana founded Baibaolong. In June 2015, the company was listed on the Shenzhen Stock Exchange. Attracted by the aura of "the first share of clothing design" in A-shares, the company is widely sought after by funds, and its stock price has been sharply struck.
But the good times did not last long, and since 2019, the company's performance has continued to suffer significant losses, and the stock price has also fallen all the way. In March 2021, *ST Bolong was investigated by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws and regulations.
On April 20, 2022, *ST Bolong received the "Administrative Penalty Decision" issued by the China Securities Regulatory Commission. It was found that there were false records in the company's initial public offering prospectus, 2016 non-public offering report and listing announcement and periodic report. Through fictitious clothing design and production business, from 2013 to 2018, *ST Bolong accumulated an inflated operating income of 127.6 billion yuan, with a cumulative total inflated profit of 4100 million yuan. In addition, the company also falsely recorded bank deposits by falsifying incoming and outgoing bills, and failing to enter and exit funds.
More than 90 accounts are crazy.
The CSRC's investigation also found that Chen Nana also used 92 **accounts to go crazy**vertical company**, but in the end she lost 1234960,000 yuan.
According to the "Administrative Penalty Decision" of the China Securities Regulatory Commission, Chen Nana controlled 9 bank accounts including "Chen Moujun" through *ST Bolong, and paid 83 million yuan to 9 bank accounts including "Guo Mouying" controlled by Yang Jie and Zheng Hui, and jointly manipulated *ST Bolong. In order to carry out manipulative behavior, Yang Jie and Zheng Hui used 92 ** accounts such as "Cao Moufeng" to conduct ** transactions, and through the concentration of capital advantages and shareholding advantages, continuous trading, inverting * ST Bolong, and repeatedly using intraday pull-up, tail market pull and other means to affect ** transaction ** and trading volume, resulting in the company's stock price is obviously abnormal, constituting market manipulation.
Chen Weixiong and Chen Nana were arrested on June 19, 2023 on suspicion of fraudulent issuance, illegal disclosure, and non-disclosure of important information.