Valin cable fluctuated higher in early trading today, and then strongly sealed the trading limit again. As of today, Valin cable has risen by the limit for nine consecutive trading days, achieving nine consecutive boards, which can be called "demon stocks".
Valin cable has risen by the daily limit for many days, which has not only attracted discussion in the stock market, but also attracted the attention of the Shenzhen Stock Exchange.
On August 16, the Shenzhen Stock Exchange issued a letter of concern asking Valin Cable to explain the relevant situation. The original text is as follows:
Our department is concerned that your company's stock trading has experienced abnormal fluctuations many times recently. since August 5, the company's stock price has risen by 114.41%, which is higher than that of the market as a whole. Our department is highly concerned about this. Please verify it carefully and give a written reply to the following questions:
(1) in accordance with the provisions of the "announcement format of Information Disclosure of listed companies No. 9-announcement format of abnormal fluctuations in Stock Trading of listed companies", pay attention to and verify relevant matters and confirm whether there is significant information that should be disclosed but not disclosed, whether significant changes have taken place in the fundamentals of the company, whether the recent fluctuations in the stock price of the company are in line with the fundamentals of the company, and whether they are consistent with the trend of changes in the industry, if not, Please give full warning of the risk.
(2) to write to the controlling shareholder and the actual controller of the company in accordance with the relevant provisions of the Stock Exchange's guidelines on standardized Operation of listed companies, state whether the controlling shareholder and the actual controller plan to transfer shares, reorganize assets and other matters that have a significant impact on your company, and require them to reply in writing.
(3) according to the relevant provisions of our "guidelines on standardized Operation of listed companies", explain in detail the recent investigations by reception institutions and individual investors, and whether there are matters that violate the principle of fair disclosure.
(4) check whether your company's directors, supervisors, senior managers and their immediate family members have bought and sold your company's shares, and whether they are suspected of insider trading.
Please reply the above verification in writing to our department and disclose it before August 19, 2021, and submit the written statement of the controlling shareholder and other attachments at the same time.
At the same time, remind your company and all directors, supervisors and senior managers to strictly abide by the Securities Law, Company Law and other laws and regulations, as well as the provisions of the Stock listing rules of the Stock Exchange, true, accurate, complete, timely and fair performance of information disclosure obligations.
According to public information, Hunan Valin Cable Co., Ltd. is approved by the Hunan Provincial people's Government to invigorate the effective assets of the former Xiangtan Cable Factory. Hunan Valin Iron and Steel Group Co., Ltd., Xiangtan Iron and Steel Group Co., Ltd. and other five units jointly initiated and established state-owned joint-stock enterprises in 2003. The company, formerly known as Xiangtan Cable Factory, which is the forefront of the wire and cable industry in Central and South China, was founded in 1951. Valin cable is one of the leading special cable manufacturers in China, and its products are widely used in aerospace, weapons and equipment, rail transit, high-speed locomotives, mines, new energy, engineering equipment, data communications and other fields.
Recently, the new energy industry continues to be hot, Valin cable also caught up with the new energy "ride". Valin Cable also said on the interactive platform that the company currently provides matching wire and cable products for suppliers of new energy vehicles, and the company will continue to expand in the related markets of new energy vehicles in the future.
