According to the announcement of *ST Oceanwide (000046) on the evening of the 6th, due to the fact that the daily ** price for 20 consecutive trading days was lower than 1 yuan, which touched the termination of the listing, the exchange decided to delist it on the 2nd and 7th.
At present, *ST Oceanwide is in the suspension stage, and before the suspension, it closed 18 consecutive down limits, and the stock price was locked at 038 yuan shares, with a total market capitalization of 197.5 billion yuan.
ST Oceanwide has been in the negative news recently. On February 6, *ST Oceanwide received a notice from Luan Xianzhou, chairman of the company, that Luan Xianzhou received the "Administrative Penalty Decision" (No. 24, 2023) issued by the Beijing Securities Regulatory Bureau. Because the Beijing Securities Regulatory Bureau determined that Luan Xianzhou had insider trading in Minsheng Holdings** in 2016 and leaked the inside information of Minsheng Holdings, Luan Xianzhou applied for a hearing and submitted a defense opinion on this basis, and the Beijing Securities Regulatory Bureau did not adopt the defense opinions of Luan Xianzhou and his ** person. In accordance with the relevant regulations, the Beijing Securities Regulatory Bureau decided to order Luan Xianzhou to deal with the illegally held ** in accordance with the law and confiscate 563 illegal gains due to insider trading770,000 yuan, and a fine of three times the illegal gains; For leaking inside information, Luan Xianzhou was fined 40,000 yuan.
The day before, on February 5, *ST Oceanwide received the "Notice of Case Filing" from the China ** Regulatory Commission, and the China Securities Regulatory Commission decided to file a case against the company due to the company's suspected illegal information disclosure.
From 2020 to 2022, *ST Oceanwide deducted a huge loss of 407.5 billion yuan, 992.4 billion yuan, 457.5 billion yuan, in the first three quarters of 2023, *ST Oceanwide continued to lose 21$1.9 billion.
At present, *ST Oceanwide has huge debts that cannot be repaid, and there are still overdue debts such as Everbright Xinglong loans, Shandong high-speed loans, Yingda Trust loans, CITIC Trust loans, and Agricultural Development Bank loans that cannot be repaid in a timely manner.
Recently, *ST Oceanwide has added a new information on the person subject to execution, and the execution target is 4More than 200 million yuan, and the enforcement court is the Beijing No. 2 Intermediate People's Court.
According to the risk information, the company has more than 10 pieces of information on the person subject to execution, with a total amount of more than 11.3 billion yuan, in addition to a number of consumption restriction orders, final cases and equity freezing information.
In October 1998, Guangcai Business Investment successfully borrowed Nanyou Property and completed the listing, and since then it has been successively renamed "Guangcai Construction", "Oceanwide Construction" and "Oceanwide Holdings".
ST Oceanwide's main business has always been based on the development and construction of high-end real estate, occupying the core position of the city, and was once sought after by the market, with a market value of more than 100 billion. However, the company's revenue has not been able to be effectively amplified, and the gap with the first-line giants is getting bigger and bigger. In 2014, the company began to introduce two extended business segments of "finance and strategic investment" to diversify its business.
For example, in 2020, Minsheng Trust became the biggest victim of the "Wuhan Jinhuang 80-ton fake **" black swan event, with an investment of more than 4 billion yuan. Sunshine City, Xinhualian, Rongsheng Real Estate, Kaisa and other companies invested by Minsheng Trust have been out of danger one after another.
Oceanwide was once one of the few private capital families in China with a full financial license, but now, its core financial assets are being sold and divested step by step.
Editor-in-charge: Zhang Qianyao.
Proofreading: Zhao Yan.