8/28/2023 0 Comments Dmg media china history![]() ![]() In other filings this week, Yinji announced that it had received a RMB6.6 million ($980,000) repayment of a loan made to co-founder Xiao. Since receiving the “special treatment” tag, ST Yinji shares have declined by the daily limit for five consecutive days, forcing the company to put out a further notice about unusual stock movements. It said that it could lose RMB33 million to RMB49.5 million ($4.9 million to $7.37 million) as a result of its capital problems, its frozen bank accounts, and the knock-on effect on day-to-day operations. The ST system also reduces stock volatility by imposing a 5% per day cap on price movements, either up or down.Īfter a massive 2018 loss, partly due to a writedown of impaired assets, Yinji issued a March 30 forecast, warning of further losses in the first quarter of 2019. It is used either when a company has been in loss for two consecutive years or is in danger of being de-listed. The ST label slapped on Yinji was introduced by Chinese regulators in 2013.
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