Busen Shares 22 Million 400 Thousand Shares Were Finally Received, The Last Auction Was Postponed.

At 10 o'clock in April 27th, Zhejiang Busen apparel Limited by Share Ltd (Busen shares) 22 million 400 thousand shares of unlimited shares were sold by law, at 10:30 on April 28th, according to "Ali auction, justice" website shows that the user name Du Xin through bidding number X5689 to bid 283 million 808 thousand yuan auction success.

"Ali auction, judiciary" website shows that the initial price of 22 million 400 thousand shares of Busen shares is 227 million 808 thousand yuan, with a margin of 20 million yuan, with an increase of 1 million yuan and its multiple.

Reporters noted that according to the bidding record, the bid number X5689 participated in the auction at 9:50 on April 28th, and was the only buyer to participate in the auction.

In fact, the auctions of Busen shares (002569.SZ) were not smooth sailing. From the website of Ali auction and judiciary, the 22 million 400 thousand shares of Busen shares were originally scheduled for public auction in 10 hours from February 16, 2019 to 10 at February 17th.

When reporters inquired about the official website of the Shenzhen Stock Exchange, it was discovered that in January 3, 2019, Busen shares issued a notice that the first intermediate people's Court of Shanghai recently received the auction notice issued by the first intermediate people's Court of Huabao Trust Co., Ltd. and its controlling shareholder, Chongqing an Han Shi Technology Co., Ltd. (hereinafter referred to as "security technology"), and so on. It will auction 22400000 shares of the company's shares held by security technology (accounting for 100% of the shares held by the company, accounting for 16% of the total number of shares of the company).

Then, on the evening of February 18th, the announcement of Busen shares confirmed that the auction was postponed because of the application objection put forward by the outsiders.

In March 21st, Busen issued the "Zhejiang Busen clothing Limited by Share Ltd holding shares of controlling shareholders will be judicial auction notice," the announcement said recently received the Shanghai No. 1 Intermediate People's Court (hereinafter referred to as "Shanghai one intermediate court") on the Warburg trust limited liability company and the controlling shareholder of Chongqing, an Chongqing Han Technology Co., Ltd. (hereinafter referred to as "security technology") and other notarization of the implementation of the letter of credit issued "auction notice" and so on, will be 10 April 27, 2019 to April 28, 2019 at 10 when auctions publicly held auctions 22400000 shares.

The above announcement also disclosed the auction price information, in which the starting price was multiplied by the closing price of the first 20 trading days in April 27, 2019, that is, MA20, multiplied by the total number of shares, and the margin was 20 million yuan; the increase price was 1 million yuan and its multiple.

According to the announcement, Busen shares and controlling shareholders see different technologies as the main body. The company maintains independence with its controlling shareholders in terms of assets, business, finance and so on. Until now, the company's daily operation and production activities are normal, and this matter will not have a significant adverse impact on the normal production and operation of the company.

According to the 2017 annual report issued by Busen shares in April 28, 2018, its net profit in 2017 was 34 million.

According to the "2018 annual notice of performance amendment notice" issued by Busen shares in January 15, 2019, the net profit for the whole year in 2018 was 185 million yuan to 198 million yuan, and the net profit of Busen shares in 2017 and 2018 was negative for two consecutive years.

According to the Shenzhen Stock Exchange's official website, in January 25, 2019, Busen shares had announced the reply to the Shenzhen Stock Exchange's letter of concern about the company's loan disputes. The announcement showed that three of the Busen shares were involved in loan disputes and the total amount involved was about 236 million yuan.

As of April 28th afternoon closing, Busen shares reported 11.71 yuan limit.