600811 Orient Group Incorporation
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Orient Group Incorporation News
Orient Group Incorporation (SHSE:600811) Shareholders Are up 12% This Past Week, but Still in the Red Over the Last Five Years
Orient Group Incorporation (600811.SH): Director Han Fangming and Financial Director Tian Chunlei resign.
On July 31st, Gelunhui reported that Orient Group Incorporation (600811.SH) announced that the board of directors of the company has recently received written resignation reports from independent director Han Fangming and the chief financial officer Tian Chunlei. Mr. Han Fangming resigned from the position of the company's independent director and related positions on the board of directors of the company's various committees due to personal reasons. Mr. Tian Chunlei resigned from the position of the company's chief financial officer due to personal reasons. After resigning, Mr. Tian Chunlei will not hold any other positions in the company. Mr. Tian Chunlei's written resignation report will take effect upon delivery to the company's board of directors. As of the date of this announcement, Mr. Tian Chunlei does not hold any shares of the company in any form.
On July 25th, A-share lightning rod: Wingtech Technology: Wuxi Guolian Integrated Circuit Investment Center intends to reduce its shareholding by no more than 1%; Shenzhen Universe: The company's stocks will be delisted and suspended from trading from tom
Wingtech Technology's shareholder, Wuxi Guolian Integrated Circuit Investment Center, plans to reduce their stake by no more than 1%; Shenzhen Universe, referred to as 'ST', announces that company stocks will be delisted and trading will be suspended starting tomorrow; Orient Group Incorporation states that some of the company and its subsidiaries' debts and related guarantees are overdue.
Orient Group Incorporation (600811.SH): Overdue debts and related guarantees by the company and its subsidiaries.
On July 24, Gelunhui announced that due to the Orient Group Corporation (600811.SH) being decided to initiate pre-reorganization by the Harbin Intermediate People's Court, as of the date of this announcement, the company and its subsidiaries have an accumulated loan principal balance of 2.435 billion yuan that is due and unpaid, and an accumulated loan principal balance of 1.126 billion yuan that is being demanded for early repayment by creditors, with a total of 3.562 billion yuan, accounting for 21.34% of the net assets attributable to the shareholders of the listed company in the most recent audited period. The aforementioned loans of the company are secured by pledges, joint guarantees and other related guarantees.
Orient Group Incorporation (600811.SH): There may be a risk of delisting due to the stock price being below 1 yuan.
On July 18, Gelunhui announced that under the provisions of Article 9.2.1, paragraph 1 of the Stock Listing Rules: for listed companies that only issue A-shares on the Shanghai Stock Exchange, if the daily closing price of the company's stocks is lower than RMB 1 for 20 consecutive trading days, the company's stocks may be suspended from trading by the Shanghai Stock Exchange. On July 18, 2024, the closing price of the company's stocks was RMB 0.94 per share, which is lower than RMB 1. If the company experiences the situation of "daily closing price of the company's stocks is lower than RMB 1 for 20 consecutive trading days," the company's stocks may be suspended from trading by the Shanghai Stock Exchange.
On July 16th, A-share lightning rod: Jianyan Technology's shareholder Changzhou Chuangyan plans to reduce its shareholding of the company by no more than 1%; Dazhong Transportation: Smart connected vehicles have received high market attention recently, an
Jiangsu Gian Technology's shareholder Changzhou Chuangyan plans to reduce its shareholding in the company by no more than 1%; 36.036 million restricted shares of Beijing Yuanlong Yato Culture Dissemination will be lifted on July 16th; Orient Group Incorporation said that the court has decided to start a pre-restructuring of the company; Dazhong Transportation(Group)Co.,Ltd. said that intelligent connected autos have received high market attention recently, and this mode is still in the experimental stage.
Orient Group Incorporation (600811.SH): The court has decided to initiate pre-reorganization for the company.
On July 15th, Gelunhui reported that Orient Group Incorporation (600811.SH) received a "Decision" from Harbin Middle Court on July 15, 2024, and decided to initiate pre-reorganization of the company in order to reduce reorganization costs, increase reorganization success rate, and effectively identify reorganization value and feasibility.
Orient Group Incorporation's performance forecast for the first half of 2024.
Orient Group Incorporation (600811.SH): The net income in the first half of this year is expected to increase by 80 million yuan to 0.11 billion yuan year-on-year.
On July 10th, Gelunhui reported that Orient Group Incorporation (600811.SH) released a performance forecast for the first half of 2024. According to preliminary calculations by the finance department, the company is expected to achieve a net income attributable to shareholders of listed companies of 80 million to 110 million yuan in the first half of 2024, and it will turn losses into gains compared with the same period last year. It is expected to achieve a net income attributable to shareholders of listed companies after deducting non-recurring gains and losses of 40 million to 60 million yuan in the first half of 2024.
Orient Group Incorporation (SHSE:600811) May Have Run Too Fast Too Soon With Recent 29% Price Plummet
Orient Group Incorporation (600811.SH): Currently, there have been no significant changes in the company's production, operation, and external environment.
On July 4th, Gelunhui announced that the stock of Orient Group Incorporation (600811.SH) had hit the daily limit for three consecutive trading days on July 2nd, 3rd, and 4th, 2024, and the stock price has fluctuated greatly recently. As of July 4th, 2024, the company's stock price has been lower than RMB 1 per share for nine consecutive trading days. Currently, there have been no significant changes in the company's operation and external environment.
China Oriental Group (00581): Li Mingdong appointed as executive director.
China Oriental Group (00581) announced that the following changes in the company will take effect from the end of the shareholder's annual meeting: Zhu Hao...
Orient Group Incorporation (600811.SH): Does not involve mineral development business.
Orient Group Incorporation (600811.SH) stated on the investor interaction platform on June 27 that, except for the seawater potash project which belongs to seawater comprehensive utilization, our company currently does not involve in mineral development business.
Hong Kong stock market fluctuation: Unitedenergy Gp (00467) fell nearly 14% again, orient group incorporation crisis continues to ferment, the controlling shareholder may dispose of the company's equity.
The stock price of Unitedenergy Gp (00467) has dropped nearly 14%, and is approaching a halving within this month. As of press time, it has decreased by 11.39%, with a price of 0.35 Hong Kong dollars and a turnover of 103 million Hong Kong dollars.
Orient Group Incorporation (600811.SH): The company has been applied for debt restructuring by creditors.
On June 25th, Gelunhui reported that Orient Group Incorporation (600811.SH) received a notice from its creditor, Heilongjiang Donghui Architecture Engineering Co., Ltd., informing that the company was unable to repay its due debt to Donghui, and has an obvious lack of solvency but has certain restructuring value. Donghui has submitted the materials to Harbin Intermediate People's Court to initiate the company's restructuring.
Orient Group Faces Cash Flow Squeeze as Unit Limits Withdrawals
Hong Kong Stock Market Dynamics | Unitedenergy Gp (00467) fell another 8% in early trading, Orient Group Incorporation's crisis worsened, and the controlling shareholder may dispose of the company's equity.
Zhixun Finance app learned that United Energy Group (00467) fell 30% last week, and fell another 8% in early trading today. As of the press release, it falls by 4.76%, to 0.4 Hong Kong dollars, with a turnover of 55,036.9 million Hong Kong dollars. On the news front, on June 18th, the Oriental Group revealed that the company and its subsidiaries were restricted from extracting a large amount of funds of 1.64 billion yuan from Dongfang Finance Company. On June 19th, Zhang Hongwei, the actual controller of the Oriental Group, urgently stated that it will help solve the liquidity problem of Dongfang Finance Company and protect the funds of Oriental Group by disposing of assets such as United Energy, UEP Wind Energy equity.
Express News | Orient Group Says It Is Investigated by Chinese Securities Regulator Over Suspected Information Disclosure Violation
Hong Kong stock market anomaly: Unitedenergy GP (00467) fell nearly 9% in intraday trading. Orient Group's large withdrawals of deposits are restricted, and the actual controller has promised to dispose of assets to resolve the issue.
Shares of Unitedenergy GP (00467) fell nearly 9% during trading, and as of press time, they have fallen 7.14%, to HKD 0.52, with a turnover of HKD 58.328 million.
Currently, the market cap of the relevant pledged equity can cover the difference between the deposits and loans of the orient group incorporation in the orient financial corporation.
On June 20th, Gelunhui reported that Orient Group Incorporation (600811.SH) stated on the investor interactive platform that, regarding the temporary liquidity shortage of Oriental Financial Company, the company's controlling shareholders and actual controllers have issued a "commitment letter on resolving financial company-related risks" to support the Oriental Financial Company in resolving the temporary liquidity funding problem through asset disposal and other measures, guaranteeing the safety and liquidity of the company's deposits in the Oriental Financial Company and ensuring the company's interests are not damaged. The actual controller of the company has provided a pledge of 1.857 billion shares of joint energy stock for the company's loan, and promised to do so if the shares are deposited.
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