Part of the new board enterprises were hanging Taobao auction, starting price "play half discount"?

Three new board as a national SME shares transfer site, investors open securities accounts new three board authority, you can buy more than 10000 new board listed companies in the above equity. But recently, Xiao Bian found in Taobao also can buy new three board enterprise equity, and also in the new board on the transaction price is low, how is this going on?

Hung trading on taobao.com is 8 million shares Yuanheng photoelectric shares, accounting for about 14.8% of the total equity of the company, Shenzhen is the original Luohu District City People's court in the judicial auction, the starting price of 28 million yuan, is about half of the 8 million shares in the new three board market.

Yuan Heng photoelectric auction in Taobao show attracted 4161 onlookers, the scene fiery, and even one person willing to pay 2 million 800 thousand yuan deposit to sign placards. On the contrary, on new three board, the company stock trading is not active.

Although Yuanheng photoelectric 6 brokerage market quotations, in accordance with the standard of innovation, but last year the volume of transactions only 250 thousand shares. Of course, the new board has 5 million yuan investor access threshold, the number of qualified investors is limited.

According to common sense, the assets handled by the judiciary are mostly non-performing assets, but Yuan Heng photoelectric as a listed company in Shenzhen Han laser shares of state-level high-tech enterprises, the performance of good, LED products sold at home and abroad. In 2015, the first half of 2016, Yuan Hang photoelectric business income was 316 million yuan, 177 million yuan, the net profit was 27 million 10 thousand yuan, 13 million 460 thousand yuan, the company did not involve serious judicial proceedings.

The original problem is the second largest shareholder of Yuan Heng photoelectric, Shenzhen Yuan Heng Energy Management Co., Ltd. (hereinafter referred to as "Yuan Heng energy"). Yuan Heng energy holds a total of 9 million 40 thousand shares of hung Heng photoelectric, accounting for 16.79% of the total share capital, Yuan Heng energy's major shareholder Du Shangyong is also chairman of Yuan Heng photoelectric. The judicial auction is the Yuan Heng energy holding Yuan Heng photoelectric shares.

Yuan Heng energy outside borrowed usury, has not yet returned, in November last year was included in the court dishonesty. According to a judgment of Shenzhen Luohu people's court, Yuanheng energy borrowed a sum of 35 million yuan of short-term loans on 24 October 2014 natural person Xie Heng, for a period of 30 days, according to the interest rate four times the benchmark interest rate calculated for the monthly interest rate of 1.86%.

However, Yuan Heng energy not only failed to repay the money after maturity, but still failed to execute after the court decided Yuan Heng's principal and interest payments, while interest rates continued to roll. Luohu District court looked angry, in order to let Yuan Heng energy repayment loans, the court decided to force the auction Yuan Heng energy holds three new board company, hung Heng photoelectric shares.

From July to September last year, the Luohu District court held three consecutive offline auctions. In July 19, 2016, the Luohu District court official auction Yuan Heng energy holds 4 million 180 thousand shares of Yuanheng photoelectric stock, the starting price of about 23 million yuan, the average price per share of about 5.5 yuan, slightly lower than that of the listed company market price of 6 yuan, but the auction site is no sign of a deserted house.

Declare the first auction unsold, Luohu District court has two consecutive price auction, a low share price from 4.54 yuan to 3.5 yuan, is in accordance with the income approach valuation, according to the net asset valuation. Even so, no one has signed up for the auction.

In theory, if the cost of 3.5 yuan to take, transferred to the new board to sell double profit. However, the melon masses do not buy it, the case implemented into a stalemate.

At this time, the market appears the first successful new three plate stock auction case, the auction is not under the line, but in Taobao. In December 2016, Jilin securities held in the East China Sea horoc 100 million shares through taobao.com judicial auction, has attracted 20 thousand people, 8 people bid, eventually to total turnover of 1 billion 300 million yuan, a premium of nearly 27%.

Luohu court also decided to fight Taobao. In April 10th this year, Luohu court fourth Yuan Heng photoelectric shares in Taobao auction online auction, the number of 8 million shares, accounting for about 14.8% of the total share capital of Yuanheng photoelectric, the starting price of 28 million yuan, the average price to 3.5 yuan / share, about half the market price discount. The margin from 5 million yuan to 2 million 800 thousand yuan, really drop threshold.

Sure enough, the effect is not the same as Taobao, the auction attracted 4161 onlookers, 3 people set up auction reminders, but also one person, real silver, took out 2 million 800 thousand of the high margin to sign up for the auction. At the critical moment, the auction was temporarily halted by the intermediate people's Court of Shenzhen, and the original case was also sent to the Shenzhen intermediate court. The court has accepted the case, so the case has been suspended.

At present, hung Heng photoelectric equity auction fourth shows in Taobao as a suspended state, do not rule out the possibility of re opening the auction. Yuan Hang photoelectric also announced that the company will closely understand the progress of the auction, prompting investors to remain concerned about the auction.

However, the Yuan Hang photoelectric exactly how much money is still an unsolved mystery, the company stock in the two tier market making quotation, from June of July last year, all the way up to the current 6.7 yuan, in March the highest hit 7.05 yuan.

But at the same time, Yuan Heng photoelectric completed a new round of fixed increase, the issue of 2 million 610 thousand shares, issue price of 4 yuan, but the issue of all the company executives and core staff. The company said that the issue price of the shares is a comprehensive reference to the company's industry, growth, net assets per share and other factors, and after the confirmation of communication with subscribers. Earnings, as of June 30th last year, the company's net assets per share of 2.98 yuan.