Dali Technology experiences consecutive trading day limits, two Jiasih-related funds trapped

by piaoc8998 on 2012-03-05 17:55:02

DALI Technology, which kept investors waiting for three and a half months due to "planning of a major restructuring," ended up with an announcement of failure. Affected by this, the stock hit a "one-character" downward limit on the first day of trading after resumption. On the following day, it again opened with a reduced volume "one-character" downward limit. By the end of the day, the stock was quoted at 30.70 yuan, with still sluggish trading volume. When such "problematic stocks" encounter issues, funds are usually not absent. The annual report shows that funds under Jiasih and Dongwu still hold the stock. As DALI Technology's losses increase, related funds' floating losses in the future market will continue to expand. There may be continuous downward limits in the future market. Due to involvement in planning a major restructuring, DALI Technology's stock was suspended from November 10, 2011. On the last trading day before suspension, DALI Technology increased by 5.63%. According to the company's announcement, the reason for terminating the restructuring is: given the complexity of the assets involved in this major restructuring, despite thorough deliberation, some assets do not fully meet the relevant conditions stipulated in the "Measures for the Administration of Major Restructuring of Listed Companies." Additionally, DALI Technology also released its 2011 annual report, showing a 42.01% year-on-year decrease in net profit. From the market performance perspective, since the resumption of trading, DALI Technology has experienced two consecutive trading days of downward limits without significant trading volume. By the close of trading yesterday, the latest share price of the stock was quoted at 30.70 yuan, with a trading volume of only 170 million yuan yesterday.