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The Tianshan Textile Complex Is Down, And The Associated Company Is Suspected Of Being A Rat Farm.

2010/7/7 12:01:00 59

Suspension

After 5 trading days, in July 2nd, Tianshan textile (9.53, -1.06, -10.01%) returned to the limit.

Prior to June 18th, the announcement of the restructuring plan for Tianshan textile announced 11 months.

Since then, the company's stock price has closed for 5 consecutive trading days, and its share price has jumped from 6.57 yuan to 10.59 yuan.

24 evening, the company announced the stop.

What is fishy is that in the 6 months before the company stopped trading, a total of 9 related parties were involved in buying and selling company stocks.

The restructuring plan of June 18th said Tianshan Mountain.

Spin

It intends to issue 81 million 980 thousand shares and 40 million 990 thousand shares to Katie mining and Qinghai Xue Chi separately at 5.66 yuan per share to purchase 50% and 25% equity of the west mining industry held by two companies.

If the reorganization can be successfully completed, Tianshan textile will hold 75% of the west mining industry, thus pforming the mining enterprises.

During the 6 month verification period before the operation of the company, the company

Director

During the verification period, Zuo Xueyi, deputy general manager of Xi Tuo mining, Li Yuan, mother of Tang Guiying of the board of directors of Tianshan textile company, Katie, vice president of investment and Katie, director of mining director Cao Ge, Li Rong and mother Cong Lihua, and the supervisor of the state owned assets company, were also interviewed.

Obviously, executives or their families involved in the restructuring are involved in stock trading.

At the same time, the participants in the paction claimed that they knew nothing about the restructuring of the company.

On the other hand, it has issued a statement saying that it would appear "Oolong" to abandon the proceeds gained from the paction and return the listed companies.