The National Development and Development Commission confirmed that in 2019 it had decided to sell all of Ruxing’s shares. However, the follow-up Ruxing’s share price was always lower than the reserve price of the shares, and was even suspended by the stock exchange announcement. Therefore, it has not yet been able to release the shares smoothly.

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[Reporter Wu Xintian/Taipei Report] The controversy of Ruxing Company has not stopped. The Audit Department stated today (6th) that it has submitted audit opinions to the National Development Council for three consecutive years since 2020. Last year, it even asked the National Development Fund to withdraw from the evaluation.

The National Development and Development Commission confirmed in the evening that it had decided to sell all of Ruxing’s shares in 2019, but the follow-up Ruxing’s share price was always lower than the reserve price of the shares, and was even suspended by the stock exchange announcement, so it has not yet been able to release the shares smoothly.

The National Development Council stated that the National Development Fund has a direct investment business exit mechanism. It may regularly or as necessary every year, in accordance with the principle of selecting the release target, submit the stock release policy evaluation meeting to review the stock release priority, and submit it to the Investment Evaluation Review Committee for consideration. The release method, floor price, and release period shall be reported to the management committee after the release operation is completed.

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At the stock release policy evaluation meeting in February 2019, the National Development Fund agreed to give priority to the release of shares in Ruxing Company. The main reason was that the original investment purpose of the National Development Fund in Ruxing Company had been achieved.

At that time, the timing, method and base price of the share release were also determined. However, Ruxing Company was subsequently investigated by the inspection unit, and the stock price was always lower than the base price of the share release, so the release of the shares could not be completed smoothly.

The National Development Council revealed that due to the spread of the epidemic and the sluggish performance of the stock market this year, in order to avoid fluctuations in the stock market caused by the impact, the National Development Fund suspended the implementation of the exit mechanism.

Subsequent Ruxing Company failed to handle the financial report announcement according to the legal deadline, and the Taiwan Stock Exchange announced that its listed securities will cease to be traded in the centralized securities trading market from August 18 this year. .

Guofa Fund reiterated that in order to protect investment rights and interests, it has participated in the insurance center's acceptance of the investor group claim registration for the false public statement of Ruxing Company, and the insurance center will carry out group lawsuits on its behalf.

The National Development and Development Commission promised that for the sale of Ruxing shares, it will carefully supervise and handle it and carefully study the release method and exit timing. stock strategy to protect investment interests

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