flyrod| ST Yuancheng: Hangzhou Beijia's guaranteed shares were forced to close 1.706 million shares, accounting for 0.52% of the total share capital

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The shares held by Hangzhou Beijia, a controlling shareholder of ST Yuancheng, were forced to liquidate their positions.FlyrodPassive closing 170Flyrod.60 million shares, accounting for 0.52%.

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[ST Yuancheng controlling shareholder passively reduced 1.706 million shares by Northeast Securities (000686) forced liquidation] on May 15, ST Yuancheng issued an announcement that Hangzhou Beijia, a concerted actor of its controlling shareholder, was forced to liquidate some of its shares in the margin trading guarantee securities account of Northeast Securities. It is reported that the number of shares passively reduced is 1.706 million shares, accounting for 0.52% of the company's total share capital. The incident occurred in the credit transaction guarantee securities account of Northeast Securities. According to the relevant rules, when the investor's margin trading application fails to meet the relevant conditions, the securities company has the right to forcibly close the investor's securities. The forced closing of positions had a significant impact on ST Yuancheng's share price. Industry insiders analyze that the passive reduction of shareholders may trigger market concerns about the company's fundamentals and further aggravate stock price volatility. At the same time, the forced reduction of shareholders may also indicate that the company's capital chain is tight. It is worth noting that although the number of shares passively reduced is not high, it may trigger a chain reaction. If other shareholders follow suit, it may further aggravate the downward pressure on share prices. Investors need to pay close attention to the follow-up developments of the company and carefully assess the risks. Investors should also pay attention to the cooperative relationship between ST Yuancheng and Northeast Securities. The forced closing of positions may have an impact on the cooperative relationship between the two sides. If there is a crack in the partnership, it may adversely affect the operation of the company. Overall, although the passive reduction of ST Yuan Cheng caused pressure on the stock price in the short term, in the long run, the fundamentals of the company are still the focus of investors. Investors should continue to pay attention to the company's business trends, in-depth analysis of the company's financial situation and market prospects, and rationally evaluate the investment risks and returns.

flyrod| ST Yuancheng: Hangzhou Beijia's guaranteed shares were forced to close 1.706 million shares, accounting for 0.52% of the total share capital