However, Star Cable issued a notice on the Shanghai Stock Exchange on the evening of July 25th, 20 13, saying that after comprehensive verification, the company has not received the official notice from relevant parties. However, Li Guangyuan himself could not be reached by telephone.
Star Media also stated that Li Guangyuan, as the actual controller and chairman of the company, did not hold any position in the management of the company. The company's business strategy is formulated by the board of directors, and the company's production and operation are normal at this time.
Therefore, some analysts said that although he did not hold a specific position, the accident of the chairman definitely had a negative impact on the stock price of the secondary market. This also means that Star Cable may try its luck when it resumes trading today.