Central enterprise major shareholder has made a move!

Tonight, Shenzhen Overseas Chinese Town A announced thatShenzhen Overseas Chinese Town Group plans to increase its shareholding in the company with its own funds in the range of 165 million yuan to 330 million yuan.

Supported by the major shareholder of the central enterprise.

The announcement showed that based on the recognition of the long-term investment value of the company and the confidence in its continuous and stable development in the future, Shenzhen Overseas Chinese Town Group plans to increase its shareholding in the company by means of centralized bidding or bulk trading using its own funds within six months from the date of disclosure on June 24. The amount of this increase shall not be less than 165 million yuan and no more than 330 million yuan.

In addition, the price range is not set for this increase plan. Shenzhen Overseas Chinese Town Group will gradually implement the increase based on a reasonable determination of the value of the company's stock, combined with the fluctuation of its stock price and the overall trend of the capital market.

According to public information, Shenzhen Overseas Chinese Town Group is a large central enterprise directly governed by the State-owned Assets Supervision and Administration Commission of the State Council. It has multiple business formats, such as theme parks, residential communities, cultural performances, cultural and tourism business complex, cultural industrial park, tourism hotels, electronic technology, etc. It has four listed companies, Shenzhen Overseas Chinese Town A, Konka Group Co.,Ltd, Yunnan Tourism and Overseas Chinese Town Asia, in China and abroad.

Therefore, *ST Xinfang and *ST Zhongqi may also experience a sharp sell-off tomorrow, and investors should be cautious. The last time Shenzhen Overseas Chinese Town Group significantly increased its shareholding in Shenzhen Overseas Chinese Town A was 9 years ago, during the stock market volatility in 2015, and the increase at that time was also to send a signal to the market.

As of the first quarter of this year, Shenzhen Overseas Chinese Town Group holds 3.856 billion shares, accounting for 47.97% of the company's total shares, and is the largest shareholder and actual controller of the company.

Two consecutive years of losses.

The main business of Shenzhen Overseas Chinese Town A is tourism and real estate, and the company's performance has declined due to the downward cycle of the real estate industry, with losses for two consecutive years.

Last year, Shenzhen Overseas Chinese Town A's revenue was 55.6 billion yuan, a year-on-year decrease of 27.39%; it realized a net loss of 6.492 billion yuan, which was slightly narrowed compared with the loss of 10.905 billion yuan in the previous year.

In the first quarter of this year, Shenzhen Overseas Chinese Town A's revenue was 8.706 billion yuan, a year-on-year increase of 25.87%. The attributable net loss to shareholders was 352 million yuan, down 16.29% year on year.

With the weakening of the fundamentals, the company's stock price has also been falling.

The latest stock price of Shenzhen Overseas Chinese Town A is 2.06 yuan, with a total market value of 16.558 billion yuan. It has fallen by 33% cumulatively this year and hit a new historic low of 2.04 yuan last week.

Previously, the stock price of Shenzhen Overseas Chinese Town A had reached a new historic high of 10.27 yuan in April 2021, and then it has been falling all the way. Although there have been several rebound moments during this period, the stock price has dropped more than 79% from the high point.

In addition to Shenzhen Overseas Chinese Town A, many listed companies have taken action to stabilize expectations and stock prices.

Last Friday, Shanying International announced a share repurchase plan, offering a 100 million to 300 million yuan bid to repurchase its own shares. Home purchasers signed contracts at Nanjing Golden Home, the subsidiary of Golden Group, and were granted a buyback option at a price close to the previous day's closing price, with a buyback amount not exceeding 5% of the company's total share capital and a single trading day not exceeding 20 million yuan.

pure electric vehicle manufacturerShanying International Holdings.Tonight it will also announce the repurchase of RMB 350 million to RMB 700 million, and use the shares to convert the convertible bonds issued by listed companies into stocks. The repurchase price does not exceed RMB 1.7 per share.

Last Friday, the company's stock price hit the limit and closed at RMB 1.33 per share. The convertible bond "Shanying Convertible Bond" hit the limit by 20%.

In order to stabilize the market expectations, controlling shareholder Taisheng Industrial intends to purchase the "Shanying Convertible Bond" in the secondary market for a price not higher than the face value per bond, and hold it until maturity. The total amount of funds expected to be used is not less than RMB 200 million.

In addition,Leo Group Co.,Ltd.Announcement: It plans to repurchase RMB 400 million to RMB 600 million of shares to maintain the company's value and shareholder interests. As of the close on Friday, the stock price of Leo Group Co., Ltd. has fallen to RMB 1.4 per share.

Fell for 4 consecutive days.Ningbo Ronbay New Energy Technology announced that it plans to repurchase the company's shares for RMB 50 million to RMB 100 million, and intends to use them for implementation of stock-based incentive plan or employee shareholding plan.Announcement: It plans to repurchase the company's shares for RMB 50 million to RMB 100 million, and intends to use them for implementation of stock-based incentive plan or employee shareholding plan.