The announcement of the suspension of the paper by Tianlong Optoelectronics unveiled the tip of the iceberg that is brewing the "big move". The announcement said that controlling shareholder Changzhou Noah is planning to introduce strategic investors to optimize the corporate governance structure of Changzhou Noah, which will change the actual controller of Tianlong Optoelectronics.
According to the disclosure, Feng Yuexiu, Lu Xing, and Wan Junping, three natural persons hold 100% equity of Changzhou Noah, and the latter currently holds 20.05% of Tianlong Optoelectronics, indirectly controlling the company. The three founding shareholders hope to introduce new strategic investors through capital increase and share expansion, further optimize the corporate governance structure of Changzhou Noah, and seek new development opportunities for Tianlong Optoelectronics, thereby enhancing the value of listed companies and meeting the long-term interests of all shareholders.
If the successful introduction of strategic investors will lead to changes in the structure and actual controller of Tianlong Optoelectronics' controlling shareholder, it will not affect the independence of Tianlong Optoelectronics' listed entities. The main business of Tianlong Optoelectronics will not change. The core backbone of Tianlong Optoelectronics will not change.
At present, both parties to the transaction have entered the stage of discussion of the commercial terms and related information, but it still takes a certain amount of time. The company's stock will continue to be suspended, and will resume trading and be announced no later than September 26.
Tianlong Optoelectronics suffered losses for two consecutive years in 2012 and 2013. In 2014, the loss for the first half of 2014 was 53.8846 million yuan. It is estimated that the loss in the first three quarters of 2014 will be 37 million yuan to 42 million yuan. If the company continues to lose money in 2014, the company's stock may be suspended. The company has stated that the board of directors will strengthen the sales of the main business with the management and actively revolve the inventory pressure; further dispose of idle assets and seek related support, and strive for annual losses.
Since the afternoon of September 9, Tianlong Optoelectronics has temporarily suspended trading due to the disclosure of major issues.
According to the disclosure, Feng Yuexiu, Lu Xing, and Wan Junping, three natural persons hold 100% equity of Changzhou Noah, and the latter currently holds 20.05% of Tianlong Optoelectronics, indirectly controlling the company. The three founding shareholders hope to introduce new strategic investors through capital increase and share expansion, further optimize the corporate governance structure of Changzhou Noah, and seek new development opportunities for Tianlong Optoelectronics, thereby enhancing the value of listed companies and meeting the long-term interests of all shareholders.
If the successful introduction of strategic investors will lead to changes in the structure and actual controller of Tianlong Optoelectronics' controlling shareholder, it will not affect the independence of Tianlong Optoelectronics' listed entities. The main business of Tianlong Optoelectronics will not change. The core backbone of Tianlong Optoelectronics will not change.
At present, both parties to the transaction have entered the stage of discussion of the commercial terms and related information, but it still takes a certain amount of time. The company's stock will continue to be suspended, and will resume trading and be announced no later than September 26.
Tianlong Optoelectronics suffered losses for two consecutive years in 2012 and 2013. In 2014, the loss for the first half of 2014 was 53.8846 million yuan. It is estimated that the loss in the first three quarters of 2014 will be 37 million yuan to 42 million yuan. If the company continues to lose money in 2014, the company's stock may be suspended. The company has stated that the board of directors will strengthen the sales of the main business with the management and actively revolve the inventory pressure; further dispose of idle assets and seek related support, and strive for annual losses.
Since the afternoon of September 9, Tianlong Optoelectronics has temporarily suspended trading due to the disclosure of major issues.
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