Delisting risk coping Tianlong photoelectric emergency suspension to losses security shell

GEM listed companies recently described as thunder storm constantly. Last weekend, the company for the 2013 annual results of pre disclosure and the real performance difference is too large, the Shenzhen Stock Exchange has been criticized; then, the company issued a risk warning, for two consecutive years of losses, if not losses during the year will be suspended from listing.

The news has triggered great concern, yesterday the stock temporary suspension, speculation or for delisting risk coping, Tianlong photoelectric intends to implement the restructuring. The company is brewing because of major events so suspended, specific matters based on the follow-up announcement shall prevail. Yesterday, the company's securities office responded.

A warning of fear into the gem first delisting shares

In September 4th, according to the Shenzhen Stock Exchange announced that the GEM companies Tianlong photoelectric difference because the amount of more than 100 million yuan and the actual Disclosure Notice in the 2013 annual results, and the subsequent amendment notice is seriously lagging behind, the company chairman Feng Jinsheng and then general manager Chen Bihong was criticized.

In November 5th last year, the company released results notice said net profit of 5 million in 2013 to 10 million; 2 at the end of this year, the company once again to disclose results of letters show that in 2013 net profit of 6 million 80 thousand yuan; but in April 22nd, 3 days before the annual report released in 2013, the company released results of correction report, said the 2013 annual net loss of 130 million yuan.

In the event of concern caused by the criticism, the company from the end of 8 delisting risk warning issued.

Due to the polysilicon and photovoltaic industry downturn in recent years, the rapid decline in performance in recent years, Tianlong optoelectronics. Reported in 2012 and 2013, the company net profit of 510 million losses and 130 million yuan, the first half of this year the company continued losses 53 million 880 thousand yuan, and the forecast results for the three quarter loss of 37 million to 42 million.

Gem no ST provisions for three consecutive years of losses of the company will be suspended on the market, the results of the forecast after the announcement of the three quarter, Tianlong Optoelectronics in August 22nd, in August 29th, in September 5th, the risk of delisting delisting three times.

The company said that the current board of directors is to strengthen the main business sales efforts and further disposal of idle assets, and seek relevant support for the annual losses. But if the losses can not be achieved during the year, the company will become the first terrorist GEM listed shares were suspended.

Emergency suspension or asset restructuring

September 9th afternoon, suddenly announced a temporary suspension. Prior to this, the gem company and the shares of the shares of the health department of health for two consecutive years of losses, the risk of being suspended from listing. The two companies have announced the suspension restructuring.

In the outside world, under the delisting risk coping, Tianlong photoelectric move is also intended to planning a major reorganization of assets or equity transfer, so that losses security shell in the year.

At present, the company has major issues in operation, which will be announced within two days of the announcement. Yesterday, the day of the people's Republic of Korea photoelectric secretaries told the Beijing News reporter said that when the resumption of the company as well as the specific operation of the matter can not be disclosed, all subsequent announcement shall prevail.

For more information about LED, please click on China LED network or pay attention to WeChat public account (cnledw2013).