Metaverse letter of concern about the “20CM” daily limit regulation can’t be cooled

A new case has been added to “Zhang Yuan’s Universe and Fire”, this time it is Shanshui Bide, which is mainly engaged in garden landscape design.

On the evening of the 10th, after the announcement of the planned strategic cooperation with the partner in the field of Metaverse, the company’s stock rose by the daily limit today, and it was still the daily limit of 20% increase.

Metaverse letter of concern about the "20CM" daily limit regulation can't be cooled

Shanshui Bide, which landed on the GEM in August 2021, suffered a tragic break within three days of its listing. After today’s daily limit with the concept of Metaverse, the closing price of 83.4 yuan per share also brought the company’s stock price back to the issue price of 80.23 yuan per share.

Metaverse letter of concern about the "20CM" daily limit regulation can't be cooled

The news that the company disclosed that it intends to get involved in the Metaverse has also attracted the attention of regulators. On the evening of the 10th, the Shenzhen Stock Exchange issued a letter of concern, requesting Shanshui Bide to explain whether the company and related parties had any behaviors such as hot spots and illegal trading of stocks.

A strategic cooperation agreement pushes the stock price up

Specifically, Shanshui Bide disclosed on January 10 that the company cooperated with Shenzhen Fairy Dad Cultural Tourism Technology Co., Ltd. (referred to as “Fairy Tale Dad”) and Shenzhen Huafu Information Technology Co., Ltd. (referred to as “Huafu Information” ) recently signed the “Strategic Cooperation Agreement”, and the parties intend to carry out strategic cooperation in multiple fields (including but not limited to Metaverse Technology, Metaverse Theme Park, etc.).

The announcement shows that Fairy Tale Dad, established at the end of November 2021, has Metaverse theme park IP, content, strong capital strength and rich project resources, while Huafu Information is an innovative company based on software AI algorithms and industry applications.

Metaverse letter of concern about the "20CM" daily limit regulation can't be cooled

Based on this, the parties to the agreement have initially formulated the content of cooperation on the Metaverse Theme Park. In terms of division of labor, Fairy Tale Dad is responsible for focusing on the research on the project IP of the Metaverse Theme Park, building equipment and facilities, developing cultural and creative products, film and television production, etc.; Shanshui Bide is responsible for researching the overall park planning, planning, landscape and atmosphere creation of the Metaverse Theme Park and experience scene design.

At the same time, the plan also gives three project forms of the Metaverse Theme Park, one is a cultural and tourism complex (real estate, hotel, Metaverse theme park); the second is a Metaverse Children’s Park; the third is a Metaverse Indoor Park (commercial complex) ). The three parties agreed to give full play to their respective resource advantages to create a number of influential large-scale cultural and tourism complexes in Beijing, Shenzhen, Guangzhou and other cities and regions.

Affected by the above-mentioned news, Shanshui Bide increased the daily limit after the market opened today, and the stock price was reported at 83.4 yuan.

Metaverse letter of concern about the "20CM" daily limit regulation can't be cooled

For this strategic cooperation, Shanshui Bide said that the cooperation will help accelerate the company’s project expansion in the field of Metaverse, so as to realize the company’s strategic layout in the Metaverse theme park and cultural tourism business, and create new growth points for future business development. .

Shanshui Bide seems to be well-prepared to enter the Metaverse business. When responding to investors’ questions earlier this year, the company stated that the company has implemented a number of immersive landscape space experience projects in the past, mainly using multimedia interaction, virtual reality, holographic projection and other technological means with super expressiveness and communication.

Metaverse letter of concern about the "20CM" daily limit regulation can't be cooled

In addition, the company said that since its establishment, it has established a professional technical team, and has continued to invest in research and development in emerging fields such as intelligent design, smart city, and virtual reality. Pre-research work.

The regulator sent a letter to ask if there were “hot spots”

Because the content of the announcement involves the hot concept of the metaverse, the regulatory authorities quickly sent a letter to ask for details.

Metaverse letter of concern about the "20CM" daily limit regulation can't be cooled

The question of the regulatory authorities directly refers to whether the company and its related parties have behaviors such as rubbing hot spots and illegally buying and selling stocks.

In response to the statement that the partner of Fairy Tale Papa in the announcement “has the IP, content, strong capital strength and rich project resources of the Metaverse theme park”, the Shenzhen Stock Exchange requires the company to specify the Fairy Tale Papa’s shareholder structure, establishment time, and registered capital. The IP, content and popularity of the Metaverse Theme Park owned by Dad will demonstrate in detail whether it has strong capital strength and rich project resources.

Metaverse letter of concern about the "20CM" daily limit regulation can't be cooled

Let’s look at Shanshui Bide. In the announcement, he stated that he has a strong overall planning, creative planning, scene design, experience space design and other projects of the Metaverse theme park. The implementation plan and implementation ability have also attracted the attention of the regulatory authorities.

In this regard, the Shenzhen Stock Exchange requires the company to explain in detail the relationship between the company’s existing business and the Metaverse, the main theme park, and whether the company has the necessary talents, technology and business reserves to carry out the relevant business. . In addition, the regulatory authorities require the company to specify the relationship between the Metaverse theme park and the concept of the Metaverse, and whether the company has any “hot spots” by disclosing the “Metaverse Theme Park”.

After asking the business questions, the Shenzhen Stock Exchange also asked the company to verify and specify the controlling shareholder, actual controller, shareholders holding more than 5% of the shares, directors, supervisors, senior managers and their immediate family members. And the reduction plan for the next three months, combined with the above problems, to explain whether the company and related parties have hot speculation and illegal trading of stocks.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/metaverse-letter-of-concern-about-the-20cm-daily-limit-regulation-cant-be-cooled/
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