Core Viewpoint - *ST Mall has faced multiple failed transformations and recently announced the termination of a major asset restructuring plan, while individual investor Wang Qiang plans to take control of the company through a private placement, raising market interest in how this will impact the company's future direction [1][2][3]. Group 1: Company Restructuring and Financial Performance - On June 1, *ST Mall announced the termination of its plan to sell its stakes in Shenyang Commercial City Department Store and Tiexi Department Store due to lack of shareholder approval, marking another failed restructuring attempt [2]. - The company has been struggling financially, reporting revenues of 999.7 million yuan, 996 million yuan, and 192 million yuan from 2018 to 2020, with net losses of 128 million yuan, 106 million yuan, and 149 million yuan respectively, leading to a risk warning for delisting [6][7]. - *ST Mall has attempted various transformations over the years, including plans to acquire companies in e-commerce and telecommunications, but none have succeeded [7]. Group 2: Wang Qiang's Investment Strategy - Wang Qiang has been increasing his stake in *ST Mall since September 2020, believing the stock price was undervalued compared to the company's fundamentals, and has raised his ownership from 6.45% to 18.46% through multiple acquisitions [3]. - Wang Qiang is known for his successful investments in small-cap stocks, with notable returns from companies like Zhongfei Co. and Zhizheng Co., indicating a potential for similar success with *ST Mall [4]. - Following the private placement, Wang Qiang's company, Leading Semiconductor, is expected to hold 53.436 million shares, giving him control over 37.85% of *ST Mall's total shares post-issuance [2].
自然人王强拟定增入主 *ST商城重组再折戟