At noon today, the official WeChat account of Special Treat Hongtao released an article titled "Special Treat Hongtao's new controlling shareholder or its designated entity increases its shareholding in the company." However, surprisingly, the above article is no longer available on the official WeChat account of Special Treat Hongtao.
On June 14, Cailian News reported that * Shenzhen Hongtao Group's stock price experienced huge fluctuations during the session, experiencing the "earth sky board" and "sky earth board". The surge and fall in stock prices is not unrelated to the news of increased holdings posted by Hongtao Group on its official WeChat account, but intriguingly, 180 million yuan has entered the market and the bullish news of the increased holdings has disappeared.
Today at noon, *ST Hongtao released an article on its official WeChat account titled "Shenzhen Hongtao's New Controlling Shareholder or Its Designated Entity Increases Its Equity."
The article mentioned that recently, there was a suspected photo leak from Hongtao's meeting room in the market. In order to face it upright and listen to it, the following situation is announced: Mr. Liu Nianxin, the company's original controlling shareholder and actual controller, voted and purchased Listed company share matters and Win Gu Energy Technology (Zhejiang) Co., Ltd. (hereinafter referred to as "Win Gu Energy") indeed signed the "Voting Rights Trust Agreement" on June 8, 2024. Win Gu energy has a shareholding proportion of no less than 18.31% in the company's voting rights, and the controlling shareholder of the company has changed to Win Gu Energy, and the actual controller has changed to Chen Xiuhua and Tang Biqi. The company submitted an application for information disclosure on June 11, 2024.
The article also mentioned that according to the agreement, based on Win Gu Energy's confidence in the company's future development prospects and its recognition of the company's value, the controlling shareholder Win Gu Energy plans to increase the company's shareholding by means of centralized bidding, block trading, etc. within six months from June 12, 2024, and the total amount of the increase is not less than RMB 50 million (including principal); no price conditions are set for the increase.
Surprisingly, the aforementioned bullish news can no longer be found on *ST Hongtao's official WeChat account. The latest posting was on June 7. It is intriguing that it is still unknown why *ST Hongtao deleted the aforementioned bullish news.
*ST Hongtao had been limit-down for 8 consecutive trading days before, and the stock price had been below 1 yuan for 10 consecutive trading days, with the risk of "face value retreat". This morning, the stock price fell limit-down again, but with the release of the aforementioned increased holdings news, *ST Hongtao's stock price rose sharply after noon, hitting the daily limit, but fell limit-down again shortly after, and the stock price performed a "earth-sky-earth board" pattern throughout the day, causing all 180 million yuan funds to be suppressed.
*ST Hongtao had a glorious period in the early stages of its listing. During the years between 2009 and 2015, its net income attributable to its parent company showed a positive growth trend every year, and its secondary market stock price was also highly sought after. However, affected by factors such as setbacks in cross-border professional education, *ST Hongtao's performance has declined year by year and a large amount of debt default has occurred. Now close to the edge of delisting, it also reflects the difficulties of its transformation road.
