On the evening of February 24, Foshan Lighting announced that on Saturday, the dealer signed a product order contract with the company for a total amount of 280 million yuan. On the same day, the company's share price rose 7.26%.
What is even more embarrassing is that the Dragon and Tiger charts show that the top five seats for buying Foshan Lighting on the same day are institutional seats. “The day's energy-saving lighting sector generally has a general trend, and Foshan Lighting is unique.†A Shenzhen private equity source questioned that the order fair was opened on Saturday. How could the agency buy a large contract with the 280 million yuan contract on Monday?
On February 25, Foshan Lighting Director Lin Yuhui explained to reporters that on Saturday, the dealer and the company signed an ordinary product ordering contract, which was not an important contract. The company was a voluntary disclosure. In addition, it met the weekend and waited as an ordinary announcement. It was submitted to the exchange after the market closed on Monday.
In fact, Foshan Lighting's announcement on the evening of February 24 has two contents. One is that on February 22, the company held a national distributor meeting in Foshan, and the dealers signed a product order contract with the company, amounting to 280 million yuan. Renminbi. “The above contract is only a subscription plan and it is currently impossible to estimate the impact of the company's future operating results,†the company said.
The second announcement is that Minsheng Bank's Foshan Branch acts as a part of the company's distributors to provide a credit line of 200 million yuan, which is used to purchase the company's products for a period of one year.
In fact, 280 million yuan is not insignificant for the company. According to the company's third quarterly report, its operating income for the first three quarters of 2013 was 1.89 billion yuan, while its revenue in 2012 was 2.2 billion yuan.
“It’s obviously a dealer meeting on Saturday. Why not announce it on Sunday night, but wait until Monday night to announce it?†one market source questioned.
Lin Yuhui explained that there are many participants in the national dealer conference, about 500 people, and the product contract of 280 million yuan is not only for one dealer, but the number of dealers. According to the Shenzhen Stock Exchange Listing Rules (2012 Revision), listed companies should report to the Institute in a timely manner and disclose: the conclusion of important contracts may have a significant impact on the company's assets, liabilities, equity and operating results.
"This is a normal distribution business that is available every year. It is not an important contract. It is the content of voluntary disclosure by the company." Lin Yihui said that there were similar distribution plans in previous years, but they were not disclosed in the past.
Lin Yuhui said that because it is not a big order, it is not a major matter, but an ordinary ordering plan. The company follows the normal procedure and waits until the market closes on Monday to submit an announcement to the exchange. The time is not lagging.
"The business announcements of some listed companies, such as the power generation of power companies, the brokerage business data of securities companies, etc., are just regular information, and they are not inconsistent with major issues. Specific analysis should be conducted on specific issues." A familiar with the regulatory rules of listed companies The person said to the reporter.
The main force behind the 7.26% increase in Foshan Lighting on February 24 was the institution.
The Dragon and Tiger List shows that the top five seats purchased by the company on the same day are institutional seats, with a total purchase of 68.788 million yuan. Among the top five sellers, three were institutional seats, two were business seat seats, and three institutional seats sold a total of 46.45 million yuan.
“Saturday’s National Dealer Conference is an internal distribution business meeting, with no investment institutions involved,†Lin said.
The aforementioned Shenzhen private equity sources told reporters that even if the company did not disclose information to the organization, it is still likely to know about the company that is closely following the company. After all, there are hundreds of people participating in the national distributor meeting.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
What is even more embarrassing is that the Dragon and Tiger charts show that the top five seats for buying Foshan Lighting on the same day are institutional seats. “The day's energy-saving lighting sector generally has a general trend, and Foshan Lighting is unique.†A Shenzhen private equity source questioned that the order fair was opened on Saturday. How could the agency buy a large contract with the 280 million yuan contract on Monday?
On February 25, Foshan Lighting Director Lin Yuhui explained to reporters that on Saturday, the dealer and the company signed an ordinary product ordering contract, which was not an important contract. The company was a voluntary disclosure. In addition, it met the weekend and waited as an ordinary announcement. It was submitted to the exchange after the market closed on Monday.
In fact, Foshan Lighting's announcement on the evening of February 24 has two contents. One is that on February 22, the company held a national distributor meeting in Foshan, and the dealers signed a product order contract with the company, amounting to 280 million yuan. Renminbi. “The above contract is only a subscription plan and it is currently impossible to estimate the impact of the company's future operating results,†the company said.
The second announcement is that Minsheng Bank's Foshan Branch acts as a part of the company's distributors to provide a credit line of 200 million yuan, which is used to purchase the company's products for a period of one year.
In fact, 280 million yuan is not insignificant for the company. According to the company's third quarterly report, its operating income for the first three quarters of 2013 was 1.89 billion yuan, while its revenue in 2012 was 2.2 billion yuan.
“It’s obviously a dealer meeting on Saturday. Why not announce it on Sunday night, but wait until Monday night to announce it?†one market source questioned.
Lin Yuhui explained that there are many participants in the national dealer conference, about 500 people, and the product contract of 280 million yuan is not only for one dealer, but the number of dealers. According to the Shenzhen Stock Exchange Listing Rules (2012 Revision), listed companies should report to the Institute in a timely manner and disclose: the conclusion of important contracts may have a significant impact on the company's assets, liabilities, equity and operating results.
"This is a normal distribution business that is available every year. It is not an important contract. It is the content of voluntary disclosure by the company." Lin Yihui said that there were similar distribution plans in previous years, but they were not disclosed in the past.
Lin Yuhui said that because it is not a big order, it is not a major matter, but an ordinary ordering plan. The company follows the normal procedure and waits until the market closes on Monday to submit an announcement to the exchange. The time is not lagging.
"The business announcements of some listed companies, such as the power generation of power companies, the brokerage business data of securities companies, etc., are just regular information, and they are not inconsistent with major issues. Specific analysis should be conducted on specific issues." A familiar with the regulatory rules of listed companies The person said to the reporter.
The main force behind the 7.26% increase in Foshan Lighting on February 24 was the institution.
The Dragon and Tiger List shows that the top five seats purchased by the company on the same day are institutional seats, with a total purchase of 68.788 million yuan. Among the top five sellers, three were institutional seats, two were business seat seats, and three institutional seats sold a total of 46.45 million yuan.
“Saturday’s National Dealer Conference is an internal distribution business meeting, with no investment institutions involved,†Lin said.
The aforementioned Shenzhen private equity sources told reporters that even if the company did not disclose information to the organization, it is still likely to know about the company that is closely following the company. After all, there are hundreds of people participating in the national distributor meeting.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
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