129779408085625000_85General thinking: executives continue to underweight, price formation should be suppressed. In fact, some reduction of stock shares is the reverse operation, not only does not fall, even rally, this "strange" in the a-share market is not uncommon.
The reason is the "story" speaks well, "hoodwinked" and deeper is probably the underlying gray chain of interests. Recently, onBig deals on a regular basis with lock mechanism to be provided, that the shares be anchored to a period may not transfer, bulk price limit of transaction prices and wider, longer lock regularly.
Market analysts pointed out that Mr Wang, an additional lock practice on a regular basis, will greatly impact the existing big bets profit models, restraining the risk of short-term speculation, increasing marketing hype. Large shareholders1.5 billion reconstruction after is in stock and 3-year lock in Guangxi, and substantial shareholders of shares in Guangxi and industry group company limited (hereinafter referred to as Guangxi and) prelude to starting with the November 2010 a reduction of shares of the company, and in a short period of time of 1.5 years, reduction of Trojan and shares of 20% shares, holdings do not is not, now has more than 1$ 500 million in cash. Guangxi and in entering and shares before the end of 2006, the total assets of $ 1.7 billion and net assets of only $ 566 million, cash money almost the equivalent of recycling a Guangxi and, as of now, was and still held in Guangxi and shares 706.3003 million shares, 57.89% per cent of the total share capital of the company, remains the company's largest shareholders��
Calculated according to the March 28 closing price of $ 6.87, holding still as high as $ 4.8 billion in the market value. Reduction of Guangxi and "emboldened" comes from the original restructuring Joan overseas (are and shares) when stock prices lower, only $ 1.92, so no matter how underweight are made. In 2007, Joan in overseas stock reform and restructuring, in Guangxi and its located in liuzhou city, Guangxi ProvinceFlying goose Valley Town Street, 1th road "Valley international port Street Mall" floor area of 140166.17 square metres of commercial real estate at a transfer price of $ sold to Joan overseas Chinese
tera power leveling, Joan overseas to Guangxi and additional 730 million shares, for $ 1.92 per share, plus purchased from Northern Development in Fujian overseas 16.152 million shares in the company held by Joan, wideXizheng and Joan 731.0528 million shares of overseas Chinese, 77.89% per cent of the total share capital of the company.
Then in the 2009 annual report, and sent shares implemented a 10-3 distribution programme, being increased to 950,368,647 shares and shareholding in Guangxi, 77.89% per cent of the total share capital of the company. Throughout Guangxi and reduction of roughly divided into three phases, from the initialMine whether rumours rumored to be involved to "gold digging" landing, and shares of stock is magnificent, fengshengshuiqi, and wave after wave of "v" shape, companies reduce timing is just right, buying Consortium also earned full bowl full. In Guangxi in 2010 and one of the first companies to decrease of 15 million shares (1.23% per cent of the total share capital of the company, the reduction of average prices$ 5.152), cash after $ 77.28 million from December 2010 to March 2011, and further reduction of 34 million shares of the company in Guangxi, 2.79% per cent of the total share capital of the company, reducing average 5.264, now $ 178 million, and mining-related rumors loom outcrops. Then between October and July 2011, in Guangxi, and cumulative49 million shares of the company were to decrease, 4.02% per cent of the total share capital of the company, the reduction of average price to $ 6.06, cashed $ 296 million during this period, shares and shares in August through a wave of orgasm, shares from 5.3 soared, was rushed to a maximum of $ 9.54, shares soared 80% half a month. As being in mid-August and shares denied"Mine-related rumour", shares a moment to turn down, the first wave in the past, but whether it is a major shareholder or a disk access, are making a fortune. And in the distance just to clarify "mine-related rumour", 3 months later, in November 2011, and shares, to be funded $ 83 million in aohan banner acrylic Mines Limited (hereinafter referred to as "acrylic mines")Capital increase made stakes in acrylic on behalf of 34.02%, to avoid real estate business risk, and this means that the shares and will officially "mine-related", rumored and finally fell to the ground. Market morning seems to have "unpredictable", and shares share price started the second wave of the storm, from 6.2 surged to $ 8.6, rising 40%. In November 2011, in Guangxi Province and also11.589 million shares through reduction of secondary market company, 0.95% per cent of the total share capital of the company, the reduction of average price at $ 8.44/unit, now $ 97.81 million. Since the beginning of this year, shares and shares as the market's rise began pulling, from a January low of 5.6 dollars up to $ 8 in late March, share prices soared again 40%, Guangxi and by bulkAgain start to decrease, on March 13, and reduction of 49.417 million shares of the company in Guangxi, 4.05% per cent of the total share capital of the company, the reduction of average price is $ 7, $ 345 million. In two sessions on March 21 and March 22, Guangxi and 61.006 million shares to decrease again, 5% per cent of the total share capital of the company, the reduction ofSold for $ 7.2, now $ 439 million. So calculated, since the reduction of starting in November 2010, is and has been the reduction in Guangxi and shares of 20% shares, cash of more than $ 1.5 billion, almost reengineering in Guangxi and, reduction, shares with "mine-related" feel good and strong, big deals behind the disk access is also earned BowlFull bowl full. Fried big deals with big deals new deal in Shanghai Stock Exchange suppression short set the duration of the lock is made good, while the reduction of shareholders, together with the marketing hype, price supports, does not fall even up, and not only shareholders and executives to easily get out, buying Consortium in which also benefited, such a mode of operation in a-share markets are not uncommon. Gorgeous family perhaps is theA "rap good" "model".
1 year since the last time, gorgeous family interpretation of "medicine to dig gold loans" three course, and in this, shareholders, Gao Guanming face a variety of rhetoric, but it is now more than $ 3 billion. Recently issued the request for optimizing bulk trade mechanism in Shanghai Stock Exchange of views on measures of letters, this ruleModify content, impact on the existing big bets profit model is the addition of the maximum lock period.
Will greatly inhibit short term hype, increase the risk of market speculation. According to the announcement, SSE intends to provide interlocking block trade mechanisms on a regular basis, that the shares be anchored to a period may not transfer, bulk price limit of transaction prices and wider, longer lock regularly. Preliminary consideration to lockBig deals in two documents: the price limits for the previous closing price of 70% per cent, lock period for at least 6 months; price limits for the previous closing price of 50% per cent, lock period is at least 1 year. "Although the disclosure of information are vague, but we are highly concerned about this," a professional engaged in commodities trading operations of privateFramed person admits, "big deals about fast track approach, earned is the difference, finished a single fight next, will not continue to fight.
"That said
tera gold, if you exchange all shares through the big deals are set lock, stock price risk is magnified, the original profit model is unsustainable. Look to the capital market, signs of some big deals secondary disk access control marketObvious. And shares, for example, on March 13, shares and commodities trading platform Trojan and sold 49.417 million units, turnover amounted to $ 346 million; fast elevating shares in the early afternoon on that day, maximum gain of 6 points. Profitability of its common logic is that late try for stock prices to lock profit space in advance
tera gold, so as to ensure that trading big blocks of disk access in the next day share price lowerEven profitable.
Obviously, if the part has a lock period, interest will significantly increase the difficulty of controlling the secondary market, time costs, capital costs are improving exponentially.
����Market participants said that this rule amendment shown in Shanghai Stock Exchange regulators suppressing "short fries", encourages the value of investment policy guidance. Online statement Gold: Gold-line reprint of the aboveContent does not indicate that confirm the description, for investors ' reference only and does not constitute investment advice. Investor operations accordingly, at your own risk.
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