129787908458593750_151While ultimately resolve debt default risk, but ST Dragon (000677.SZ) is also firmly ushered in after the resumption of the fifth drop. On April 10, closed at $ 3.72 ST Dragon, or 5.1%; all day only $ 5.47 million turnover, change hands only 0.18%; starting from the March 30 date of the resumption, before suspension 20August 19, 11 $ 4.82 dropped three 5th volume accumulated 4.9596 million shares. It is clear that ST Dragon and not deep and more than seven months of institutional shareholders how much chance of escape. Due to the long suspension, according to the company's latest bulletin-2011 three quarterly disclosure on a regular basis, continued during the reporting period have included risk capital, funds,Five bodies, private equity is now the top ten shares of shareholders, and the five Trojan holding the number has reached 21.4244 million shares. Narrow road fled to 10th, ST Dragon continued without any suspense fell dead. This is the unit after the resumption of the fifth drop. "The financial position of the company was, a different company's stock will this performance. "ST DragonInternal employee complained to reporters. ST Dragon after the announcement, up to the third quarter of 2011, rate of 103.42% of assets and liabilities of the company, already faced insolvency dilemma; as of March 22, 2012, the company was cash-strapped overdue loans totaled $ 878 million and account for a recent issue of the audited net asset 556.72%. At the same time, publicDivision also expects 2011 net losses of more than $ 1 billion, basic earnings per share of-$ 1.16. It is at this point, the company with the possibility of its resources to debt. On April 9, ST Dragon released "11 Dragon CP01" payment notice, announce more than $ 400 million in principal and interest payment as scheduled on April 15. There are still cautious market concerns:How to? Notice No mention in sources, but CICC had predicted, if the bonds eventually does not default
tera power leveling, may to a large extent depend on local government coordination, use of Bank resources support. ST Dragon is according to subordinates in State-owned enterprise in Weifang city, seen from the incident, coordination of local governments are still trying to resolve. "Weifang municipal government as thePractical control people, also have to fulfil disclosure obligations, if issues occur, we will notice it the first time, and rumors before we comment. 10th ", responded that the Securities Department of the company concerned.
Only, for ST Dragon's institutional shareholders,, seems to have been unable to continue to be patient. Shenzhen Stock Exchange data show that from March 30 to April 5, theWithin two business days after ST hailongfu, cumulative deviation decrease in stock value has reached-12.73%. Selling seats on the top five, there are special seats for two bodies, the cumulative amount sold $ 2.501 million. At the middle of the two-day price calculation, body sold a total of 560,000 units. From April 6 to April 10, a seat on the Agency list of the top selling first, total sold$ 7.2702 million. The 3rd middle price, seats on the Agency sold a total of 1.855 million shares. Despite the resumption of trading institutions after shipment has reached 2.415 million shares compared with the cumulative 5 institutions holding 21.4244 million shares, still only a fraction of. Five institutional shareholders, insurance funds is undoubtedly the largest holder of ST Dragon. ST Dragon 2011Years a quarterly bulletin disclosed that securities regulatory Department of the company on February 22 front institutions, including the Chinese asset investigation; season, owned two casualty, and life insurance companies insurance protection products and life insurance funds of the three accounts hold killed in ST Dragon. Insurance funds like a ton of bricks
tera power leveling, but the outcome is pale. Data show that total protection of three accounts at the end of a quarter stake reached 18324,300, stake to 2.27%, according to the calculation of the stock when the season average price $ 5.96, protection of ownership costs about $ 109 million. But at the end of the first quarter of 2011, $ 56.1504 million ST Dragon burst out losses, performance fell 333.06%; in the half-year report, the company's losses increased to $ 332 million in net profit per share chargeYi only-$ 0.37/unit. Under such a performance, protection is still adhered to, its only life insurance life insurance "traditional-general insurance product" account in 2 million shares to decrease slightly in the third quarter of the year. Until ST Dragon when the suspension, protection of shareholders correspond to market capitalisation was 78.6836 million Yuan. "The approach should be made on the reorganization of Dragon, just poor judgment. "Shanghai ticketsPeople on this comment. Reorganization of hopeless, ST Dragon embarrassing resumption. April 10 closing price of $ 3.72 per, Department of protection of accounts from the floating losses had reached $ 17.9568 million in the third quarter of last year. And the "life insurance" risk capital difficult is the Dragon of the "ST", ST, *ST stock was risk capital investment of restricted areas. "In this case, sell only one-wayOut. "Insurance asset management, told reporters in Shanghai. In addition, ST Dragon top trading stock shareholders only in a private, ran away after the resumption of the signs. Up to the third quarter of 2011, zhongrong international trust companies into the new account holder, No. 295 ST Dragon 3.1 million shares. Data show that thaw · thaw also known as Ying, 2nd, new No. 295, in 2010Year was set up in December the following year new ST Dragon 3 million units in the second quarter. On April 5, 2012, ST Dragon sold one spy too many seats, CIC securities sold 31,800 Harbin Youyi road securities business departments, although the amount was minimal, but Harbin is rich, full of the 2nd seat. Mend dropped five in a row to stop loss above five institutional investorsIt is obvious. Statistics show that up to the third quarter of 2011, top ten shares held by institutional investors in shareholder total ST Dragon, has reached 21.4244 million shares by ST Dragon business for $ 4.82/unit price before, this part of the market for $ 103 million new threat definitions. And after seven months of suspension, ST Dragon's latest share price closed at $ 3.72And ran away before the bodies are not considered the weak results, this part of the stake in market value has shrunk 23.5668 million. "Investment and Development Division, the company attaches great importance to ST Dragon, ST Dragon is currently has been properly dealt with, in line with the relevant provisions of the securities. "On April 10, members of the people's livelihood and silver told reporters. ST Dragon top circulation of only one of the shareholders of public fund, The company's domestic demand growth Fund owns about 2 million units in the third quarter last year. In fact, not only the people's livelihood and silver, public fund, including Chinese, baoying ST Dragon wave; are different
tera gold, which is held by Dragon bonds. On April 6, the Chinese Fund announcements, said Chinese business stability, increased profits Bond Fund "11 Dragon CP01" short-term thawFunded vouchers, for risk prevention, protection of the interests of the holders of the Fund, the company decided in accordance with debt valuation price on that day all their own money to buy the Dragon short financing and debt; if the due payment of the bonds, the proceeds to buy bonds to all Chinese business stability, and in honour of the day the profit amount transferred to the assets of the Fund in full. And also invested in "11 Dragon CP01" PoSurplus funds. The company's treasure full of the money in a Fund in 2011, the second quarterly disclosure, "11 Dragon CP01" 100,000; and on June 1 of that year, Shandong dragon has received a notice of investigation of the SFC. Nevertheless, the Bauhinia has decided to continue to hold a currency. "Issuers as State-owned enterprises, and domestic adhesive industry, hasBonds are debt on time, have a good credit history; the higher issue carries a coupon, yields on interest fluctuations can provide better protection. "But at the 2011 annual report of the Fund," 11 Dragon CP01 "is not in the top ten of bond investments. (Editors: Zhang Liang)
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