The company’s 29 daily limit hit a record A-share market value of only 22 billion.81 billion

The company’s 29 daily limit hit a record A-share market value of only 22 billion.81 billion
awful!This company’s 29 daily limit broke the A-share record, and the market value of tens of billions is left . not the worst, only worse!  Yesterday (June 22), the company broke a historical record in the A-share market.  * ST Tianma opened on Friday for 29 consecutive trading days. * ST Tianma (002122.SZ) was “habitually” smashed directly to the limit board.The final close may drop by 4.95% to 1.92 yuan, ranking the 25th lowest A share on the day.  This is already the 29th consecutive daily limit after the resumption of * ST Tianma’s trading. If a limit before the correction of * ST is added, the stock has fallen for 30 consecutive trading days.  Since the resumption of trading on May 14, 2018 * ST Tianma, its decline has gradually reached 77.39%.Before the suspension, the company was a listed company with a market value of 10 billion, with a total market value of 10.1 billion, and the market closed last night and yesterday, leaving only the total market value of the stock.8.1 billion, shrinking 78.200 million yuan.  This row of “magnificent” horizontal lines in the above picture has refreshed the record of consecutive daily limit of individual stocks in the A-share market.The Air Force, * ST Baoqian became the company with the largest consecutive daily limit in A-share history with 28 consecutive daily limits.After the company was exposed to multiple issues such as false agreements, defaults on debt, and cash flow disruption, the company experienced the longest daily limit in A-share history.  Since then, this A-share record has ushered in “challengers”.* ST Youfu was issued a delisting risk early warning due to borrowing disputes and bank account freezes, etc. After the resumption of trading, the limit fell for 27 consecutive trading days.Just when the market thought that the stock might challenge the 28th limit, the stock was quickly pulled up from the 28th limit, and directly pulled up to the limit, and a “sky floor” appeared.  There are also * ST Huaze, which has a lot of continuous limit stops. After the resumption of trading, the company has 26 consecutive limit stops, and there is no volume to open the volume.After 26 limits, the company was suspended due to its inability to disclose the 2017 annual report within the legal period, and has not yet resumed trading.  It is worth mentioning that both * ST Baoqian and * ST Youfu have been pulled up to the limit on the day when the limit board was opened.However, after that, * ST Baotou continued to adjust, and * ST Yufu has also entered the replacement after a brief expansion.  However, while the number of consecutive daily limit hits a record, yesterday’s * ST Tianma’s trading volume also began to significantly increase, it seems that there is a tendency to open: 4483 transactions throughout the day.930,000 shares, its highest trading volume in the past 11 months, an increase of more than 30 times over the previous trading day. This trading volume has also become the highest among all ST-type stocks on the day; the turnover reached 86.09 million yuan, second only* ST Tianye’s 1.04 billion.  Why is it so miserable?  * ST Tianma contradictions so far, due to its troubles.  Due to the planned purchase of assets, the company’s shares have been suspended from the opening of the market on December 19, 2017, and have been postponed to resume trading for several times.  On the evening of April 27, the company disclosed the 2017 annual report, although the report stated its profit1.US $ 2.8 billion, but audit firm PwC issued an audit opinion that cannot be expressed.  At the same time, because the company was suspected of violating securities laws and other related laws and regulations, the CSRC decided to file a case investigation into the company.On the same day, Xu Maodong, the company’s controlling shareholder, actual controller and chairman, also received the “Notice of Investigation” issued by the CSRC.  The company’s stock was also soon implemented a delisting risk warning (* ST) by the Shenzhen Stock Exchange.The company’s controlling shareholder shares also exposed the risk of liquidation.▲ Xu Maodong (Image source: Visual China) On May 5th, * ST Tianma announced the termination of the planning of major asset reorganization 5 months after the suspension of planning for major asset reorganization, and announced that the controlling shareholder of the company faces the risk of liquidation and the controlling shareholder may changeAs a result, the trading was temporarily suspended for another 5 trading days.  On May 武汉夜网论坛 14, the company resumed trading, and subsequently suffered a continuous limit.But even after the re-licensing, the company will be full of news.  On June 6, another listed company Busen shares (002569.SZ) disclosed that Xu Maodong, the former actual controller of the company, is another listed company actually controlled by Xu Maodong in the name of Busen shares * ST Tianma guarantees a one million usury loan with a term of 2 months (from October 27, 2017 to 2017December 26, 2013), with an annualized interest rate as high as 18%.  And due to the above-mentioned bridge loan sharks due to default, the lender Deqing County SME Financial Service Center will * ST Tianma, Busen shares and Xu Maodong go to court, demanding repayment of the principal and payment of a total of 1 late fees.37.5 billion.In response to Xu Maodong’s illegal guarantee, Busen, which has changed hands, said it 武汉夜生活网 had reported the case.  On June 13, the P2P platform full of money was exposed by the media as “people go empty.”The Air Force, * ST Tianma invested in acquiring a 15% stake in Qian Mancang.According to public information, Qianmancang’s shareholder structure is that Galaxy World holds 69% of Qianmancang’s shares, and Beijing Shuoying Technology Co., Ltd. and * ST Tianma respectively hold 16% and 15% of its shares.▲ Intercept from Qian Mancang’s official website. * ST Tianma announced on the evening of June 14 that the media reported that the company’s shareholding platform, Qian Man Cang, had “exploded.”* ST Tianma said that the company completed a 9 million capital contribution obligation to Beijing Folst (the operator of Qianmancang), the investment is limited to financial investment, and the shareholding ratio is 15%.In March of this year, the company transferred the Beijing Fulst distribution held to Beijing Xinghe World at the original consideration, but has not yet completed the industrial and commercial changes.The company has contacted the relevant departments of Beijing Xinghe World and requested to pay the equity transfer to complete the industrial and commercial changes as soon as possible.The company does not rule out the use of judicial means.  In fact, the short-term continuous decline in the number of companies with the highest sales volume is basically caused by a variety of serious problems, such as * ST Bao Qianyuan actual controller Zhuang Min is suspected of hollowing out a listed company, the performance is huge, the annual report issued by the audit agency can not indicateopinion.* ST Youfu also surrounded the loan dispute and was filed for investigation by the CSRC.  Many ST-type stocks have fallen by more than 90% .Since 2016, the supervisors have strengthened the supervision of mergers and acquisitions and reorganizations, and the shell value of listed companies has declined accordingly. The overall trading of ST-type stocks has gradually become sluggish, and a considerable number of ST-type stocks have been traded daily.The amount is only a few million yuan, and even only several hundred thousand yuan, which is indeed inconsistent with the past sought after ST-type stocks.  According to the Securities Times, accompanied by the sluggish trading volume, a small number of ST stocks have continued to fall, and a considerable number of them have fallen sharply.  Wind data shows that of the current 82 ST-type stocks, 68 shares have been undercut since 2016, accounting for more than 80%, of which 18 shares have fallen more than 80%.Baoqian and other 4 stocks even fell more than 90%.▲ Photo source: Securities Times