After the actual controller was taken compulsory measures for being suspected of illegally absorbing public deposits, the “Firework King” has another incident. On the evening of January 31, ST Panda, the “first share of fireworks”, announced that due to alleged manipulation of the securities market, Zhang Yiying, a shareholder holding more than 5% of the company’s shares, received a notice from the China Securities Regulatory Commission for investigation. The matter under investigation this time is an investigation of Zhang Yiying, a shareholder who holds more than 5% of the company’s shares, and the company’s production and operation activities will not be affected. During the investigation period, Zhang Yiying will actively cooperate with the investigation work of the China Securities Regulatory Commission, and perform information disclosure obligations in strict accordance with relevant laws, regulations and regulatory requirements. | Related reading (China Fund News)
Speaking of ST Panda, you may not be very familiar with it, but when you talk about its predecessor, Liuyang Fireworks Co., Ltd., you may have an impression. After all, Liuyang is the hometown of fireworks, and Liuyang Fireworks Co., Ltd. is also the only company in the A-share market. class of enterprises. But it is called a bull stock in the news, maybe I don’t think so. More than ten years ago, this company was labeled as ST because of its continuous losses. The net profit did not exceed 100 million. As for the stock price soaring since October last year, it still has the title of ST in the end. Now the actual controller and shareholders have accidents one after another, which may partly indicate that there are some problems within the company.
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