Yixintang falls to its limit

It is worth noting that in a short period of nearly a week, Yixintang has successively issued two announcements on the registration of the company’s shareholder Ruan Hongxian’s stock pledge and two announcements on the release of the pledge for the due repayment of part of the company’s shareholder Ruan Hongxian’s stock pledge financing. On December 11, Yixintang announced that Mr. Ruan Hongxian, a shareholder of the company, had registered as a stock pledge, which is called repayment of the previous loan. Ruan Hongxian signed an agreement with Hongta securities to pledge 8.5 million shares of the company to Hongta Securities for financing on December 9, 2020. As of the disclosure date of this announcement, Ruan Hongxian’s frozen shares account for 4.67% of his shares and 1.43% of the total shares of the company. The pledge started on December 9, 2020, and the freezing applicant is Ruan Hongxian. On December 12, Yixintang announced that Ruan Hongxian and Hongta securities had reached an agreement to repay and release the stock pledge financing business applied by Ruan Hongxian to Hongta securities on November 26, 2019. According to relevant information, the above pledge will be automatically postponed after maturity, and Ruan Hongxian and Hongta securities will negotiate to repay and release the pledge of the above 11.3 million shares. The pledge business has 11.3 million shares, all of which have been released this time. On December 16, Yixintang announced that Ruan Hongxian, a shareholder of the company, had registered as a stock pledge, saying that Ruan Hongxian had reached an agreement with Hongta securities, and on December 14, 2020, Ruan Hongxian would pledge part of the company’s shares to Hongta Securities for stock pledge repurchase transaction financing. Ruan Hongxian’s frozen shares account for 4.67% of his shares and 1.43% of the total shares of the company. The pledge started on December 14, 2020, and the freezing applicant is Ruan Hongxian. Due to the repayment of the previous loan, Ruan Hongxian signed an agreement with Hongta securities to pledge 8.5 million shares of the company he held to Hongta Securities for financing on December 14, 2020. On December 17, Yixintang announced that Ruan Hongxian and Hongta securities had reached an agreement to repay and release the stock pledge financing business applied by Ruan Hongxian to Hongta securities on December 3, 2019. According to relevant information, Ruan Hongxian negotiated with Hongta securities to repay the above 11.3 million shares of pledge financing at maturity and release the pledge. The pledge business has 11.3 million shares, all of which have been released this time. < / P > < p > the announcement shows that after the release of the pledge, Ruan Hongxian’s shares are still pledged 66.798 million shares, accounting for 36.72% of his shares and 11.22% of the total share capital of the company. < p > < p > on December 14, China Galaxy released the Research Report “comments on Yixintang (002727) event: major shareholders’ increasing holdings shows confidence, and the valuation is expected to continue to repair”, and the researchers are Meng Lingwei and Liu Hui. According to the research report, Ruan Hongxian, the company’s actual controller, chairman and President, increased his holding of 1 million shares of the company through block trading with his own funds, accounting for 0.1680% of the company’s total share capital. After the increase, the proportion of shares held by Ruan Hongxian increased to 30.5589%. < p > < p > China Galaxy said it is optimistic about the future development prospects of the company. First of all, we are optimistic about the future performance of the company to maintain the prospect of steady growth. The company got rid of the influence of licensed pharmacist gap, and its performance returned to the benign growth channel. Secondly, we are optimistic about the potential of the company’s valuation repair. At present, the company’s valuation is the lowest among the four major chain drugstores, and there is still room for repair. Finally, the increase of major shareholders and the equity incentive plan at the beginning of the year show the management’s confidence in the development of the company. Maintain the “recommended” rating. < / P > < p > Disclaimer: the purpose of this article reprinted by CNFC is to convey more information, and it does not represent the opinions and positions of CNFC. The content of this article is for reference only, and does not constitute an investment proposal. Investors operate on this basis at their own risk. < p > < p > Chinanet is a state key news website under the leadership of the Information Office of the State Council and the management of China foreign language publishing and Distribution Bureau. Through 11 versions in 10 languages, the website publishes information 24 hours a day. It is an important window for China to carry out international communication and information exchange.