Just three months after the failure of the restructuring, the major shareholder of Tianlong Optoelectronics (300029.SZ) began to sell shares, and the prospect of Tianlong Optoelectronics in the vortex of delisting was even more bleak.
Tianlong Optoelectronics announced on the evening of September 24 that due to the need for capital turnover, Changzhou Noah Technology Co., Ltd., the controlling shareholder and actual controller of the company, plans to reduce the company’s shares by no more than 4.5% within 6 months, that is, no more than 9 million shares. It is also the major shareholder to restart the reduction plan after the reduction in February.
Although not stated, Tianlong Optoelectronics may reduce its holdings in February to avoid the tender offer triggered by the restructuring. At that time, after the major shareholder reduced its shareholding, the shareholding ratio fell from 30.6% to 28.6%, just avoiding the 30% red line of the tender offer. The company then suspended the trading in June to announce the reorganization.
But the ideal plan has not been realized. The main plan for the restructuring of Tianlong Optoelectronics Assets is to acquire 100% of the shares of Dalian Liancheng for the existing shareholders of Dalian Liancheng CNC Machine Co., Ltd. As the relevant conditions are not yet mature, Tianlong Optoelectronics decided to terminate the restructuring at the end of June.
As one of the most complete types of solar cell silicon products in China, Tianlong Optoelectronics, which was listed at the end of 2009, is also highly sought after in the IPO. However, in 2012, the company ranked first in the loss list of the GEM companies with a loss of more than 500 million yuan, and the company instantly became a hot spot for the GEM to delist.
Even though the fundamentals of the photovoltaic industry have been picking up recently, Tianlong Optoelectronics continued to lose money in the first half of 2013. Tianlong Optoelectronics has repeatedly ranked among the list of risk exits from the GEM. After the termination of the restructuring, the major shareholders of Tianlong Optoelectronics began to reduce their cash, which may make the company's prospects more bleak.
Tianlong Optoelectronics announced on the evening of September 24 that due to the need for capital turnover, Changzhou Noah Technology Co., Ltd., the controlling shareholder and actual controller of the company, plans to reduce the company’s shares by no more than 4.5% within 6 months, that is, no more than 9 million shares. It is also the major shareholder to restart the reduction plan after the reduction in February.
Although not stated, Tianlong Optoelectronics may reduce its holdings in February to avoid the tender offer triggered by the restructuring. At that time, after the major shareholder reduced its shareholding, the shareholding ratio fell from 30.6% to 28.6%, just avoiding the 30% red line of the tender offer. The company then suspended the trading in June to announce the reorganization.
But the ideal plan has not been realized. The main plan for the restructuring of Tianlong Optoelectronics Assets is to acquire 100% of the shares of Dalian Liancheng for the existing shareholders of Dalian Liancheng CNC Machine Co., Ltd. As the relevant conditions are not yet mature, Tianlong Optoelectronics decided to terminate the restructuring at the end of June.
As one of the most complete types of solar cell silicon products in China, Tianlong Optoelectronics, which was listed at the end of 2009, is also highly sought after in the IPO. However, in 2012, the company ranked first in the loss list of the GEM companies with a loss of more than 500 million yuan, and the company instantly became a hot spot for the GEM to delist.
Even though the fundamentals of the photovoltaic industry have been picking up recently, Tianlong Optoelectronics continued to lose money in the first half of 2013. Tianlong Optoelectronics has repeatedly ranked among the list of risk exits from the GEM. After the termination of the restructuring, the major shareholders of Tianlong Optoelectronics began to reduce their cash, which may make the company's prospects more bleak.
Product categories of Disc Stylus Pen, We are the specialized manufacturer of Stylus Pen from China. Disc Stylus Pen no need to charge, you can use it directly, it is universal, it is compatible with all brands capacitive touch screens, such as Apple, Huawei, Samsung, Xiaomi, Microsoft, Google Chrome, ect. OEM / ODM are welcome, looking forward to our cooperation.
Disc Stylus Pen,Digital Stylus Pen,Cute Ballpoint Pen,2 In 1 Stylus Pencil
Shenzhen Ruidian Technology CO., Ltd , https://www.wisonen.com