Roley Family Textile Cash Puzzles How To Break?

Roley's home textile actual controller plans to reduce 27% of the stock in half a year. This news shocked the A share market.

So, is there a hidden secret in this huge cash sale?

Half a year is expected to reduce 27% of the company's stock. Recently, a proposed reduction announcement of the real controller and related parties of the home textile company (002293) shocked the A share market.

Especially in the key concept of smart home in the pformation of the company's concept, the large shareholders' high cash dividend is a lot of investors' doubts.

And Beijing Commercial Daily reporter also after investigation found that such a large reduction behind, actually there are many strange.

In May 27th, investors in the home textile industry started their nightmare.

Trading market shows that the morning of May 27th morning closing, Luo Lai home textile shares price of 88.5 yuan / share, when the increase was 4.51%.

I didn't expect a sudden reduction announcement at noon to end the rally and let many investors step on the thunder.

According to the announcement of Roley's home textile company, the company's actual controller Xue Weicheng and its affiliate Shanghai Roley Klc Holdings Ltd (hereinafter referred to as "Roley Holdings") and Wei Jia International Company Limited (hereinafter referred to as "Wei Jia international"), to meet their own development needs, are expected to jointly reduce the stock of not more than 27% of the total share capital in the next 6 months.

According to the closing price of 88.5 yuan / share at noon, the market value of the actual controller and its related parties will be around 7 billion yuan.

However, this sudden bad news made it possible.

Diving rapidly in the afternoon.

At 78.05 yuan / share, it fell 7.83%.

In addition, when the stock hit a record high of 90 yuan / share, the turnover rate also increased sharply to 8.86%, while the turnover on the previous trading day was only 3.6%.

Moreover, the impact of this bad news is far from over. In the next two trading days, the company's stock continued to fall, and it fell 15.44% again.

This means that

The huge reduction plan has left the company's stock down by about 22.14% in three trading days.

The high cash plan of the actual controller also caused investors' dissatisfaction.

"Such a large proportion of the reduction is not confidence in the development of the company? Do not worry about the impact of the stability of the company's equity?" an investor in Beijing raised his doubts.

Statistics show that as of the announcement date, Xue Weicheng and its affiliates altogether hold about 161 million shares of the company, accounting for about 57.33% of the total share capital of the company.

After the completion of the reduction plan, their share will be reduced to 30.33%.

Although Luo Lai Luo said that the actual controller's reduction would not have a significant impact on the company's shareholding and daily operation, but there are still investors worried that if the "barbarian" invasion, the operation of listed companies may be affected. After all, the actual controller and its associated parties of the company are relatively controlled by the company, and have lost the absolute holding capacity.