67 Million 695 Thousand Shares Of The Birds Will Be Auctioned For Second Times.

Recently, VIP bird Limited by Share Ltd (hereinafter referred to as "noble bird") issued a notice on the second judicial auction of some shares held by controlling shareholders.

Recently, the intermediate people's Court of Xiamen, Fujian, once again issued the "auction notification book" to the "noble bird group" (2019) min 02 holding 563, and (2018) Fujian 02 holding 569, to make the unconditional circulation shares held by the noble bird group holding 67 million 695 thousand shares of the noble bird, with the 4.20 yuan / share multiplied by the total stock of the stock as the starting price and the reserved price to be transferred to the Jingdong Jingdong Fujian Xiamen intermediate people's Court judicial auction platform for a public auction.

The auction was the second judicial auction, and the 67 million 695 thousand shares of unconditional tradable shares that were auctioned accounted for 10.77% of the total share capital of the precious birds, accounting for 14.13% of the expensive bird shares held by the precious bird group. This auction will not lead to changes in the controlling shareholder and actual controller of the company.

The announcement shows that the Xiamen Municipal Intermediate People's court held the first auction of the 37 million 695 thousand and 30 million shares (67 million 695 thousand shares) of the listed company in Xiamen, 10 and December 17th at 10 o'clock in December 17th, due to the fact that no one bought the auction, because of the case of the noble bird group and the Xiamen International Trust Co., Ltd., Zhejiang merchants Jinhui trust company.

The recent days of the birds are not good. Apart from the repeated auctions of the shares of listed companies, it is also facing the risk of delisting.

The achievements of the birds in recent two years have seen a substantial loss: in 2018, the revenue was 2 billion 812 million 460 thousand yuan, the net profit was -6.8588 billion yuan, the net profit was -6.4656 billion yuan; in 2019, the revenue in 2019 dropped by 49.20% to 1 billion 169 million 360 thousand yuan, the net profit was -1.6608 billion yuan, and the net profit was -2.002 billion yuan. If the 2019 performance continues to suffer losses, according to section 13.2.1 of the Shanghai Stock Exchange Listing Rules, there will be a risk of the implementation of the delisting risk warning.