Ruentexin (9945-TW), Runtaiquan (2915-TW) and Bo Sung (9904-TW) dragged down by the decline in the net worth of Nanshan Life Insurance, the net worth of all three companies may be affected. Although an emergency press conference was held last night to explain that the stock price might not escape the selling pressure today (21), Runtaixin and Runtaiquan continued to fall by the limit. The number of entrusted sales was high at 10,000 and 50,000, Ruentex fell to a one-year low, and Baocheng also tumbled more than 7%, hitting a 20-month low.
Runtaiquan and Runtaixin said on the evening of the 20th that they held 26.62% and 25.11% of Nanshan Life Insurance through reinvestment in Runcheng Investment Control. It is planned to change the investment real estate to fair value measurement and reassess the asset value. As for the impact on the net value in the second quarter, there is no exact amount.
Ruentaiquan and Ruentexin changed their accounting policies one following another, but they were still unable to appease the anxiety of the market. Ruentaiquan and Ruentexin started trading today and immediately turned on their lights and fell to the limit. It has been down for two consecutive days. 50,000.
In addition to Runtai Group, Baocheng Group was also affected by the sharp drop in Nanshan’s net worth. Baocheng put forward a “four no” response on the 20th, saying that it would not affect the operation of the industry, adjust accounting policies, adjust its shareholding in Nanshan Life Insurance, and do not It will increase capital or issue corporate bonds and other measures to increase its net worth. The company has not announced its financial forecast to the public, calling on investors to judge market news prudently.
Baocheng’s stock price trend was also weak at opening today, tumbled 7.76% at one point, hitting a 20-month low. However, there were low buying orders during the session, and the decline gradually subsided, and it recovered half of the limit.
Baocheng, Runtaiquan and Runtaixin established Runcheng Investment in 2011, Baocheng holds 20% of Runcheng, Runtaiquan holds 23%, Runtaixin holds 25%, and Runcheng holds Nanshan Life Insurance Baocheng indirectly holds regarding 18% of Nanshan Life Insurance.