Today is September 27th, Saturday, the last weekend of the month, but it coincides with the National Day holiday, and classes are normal today, but the stock market is closed as usual.

Chen Qiaoshan woke up early in the morning, but he was abnormally lying on the bed and didn't get up, he was really a little distracted.

The domestic stock market is very magical, and after a long time, you can see all kinds of unbelievable news, not to mention anything else, there is a lot of excitement to see when the market is closed.

For example, A-shares never take holidays or work overtime, and the domestic stock market has set a record of 16 days off in a month.

Due to the stock market holiday, the domestic securities industry has a lot more rest days every year, although the extra days will not be really a holiday, but it still feels a little incredible.

Chen Qiaoshan lay on the bed and sent a text message, said hello to Yan Xiaoqin, and went over in the morning.

The dormitory in the early morning is quiet, far less noisy than usual, and the roommates are still sleeping, and their occasional slight snoring can be heard.

Chen Qiaoshan is used to this kind of environment, and his schedule is very stable, but the other three people in the dormitory are very playful, often making trouble until midnight, and they definitely can't get up in the morning.

The mobile phone rang with a familiar text message prompt, Chen Qiaoshan opened it and looked at it, as he expected, it was Yan Xiaoqin's message back, asking him why he didn't go to the morning reading.

Chen Qiaoshan replied with a message, he didn't want to get up, it was very simple and direct.

It's not perfunctory, it's true that he doesn't want to get up, he's too tired during this time, and he needs to give his brain a good rest.

In the past half a month, the news of Delong's department has been very loud, the online financial section is overwhelming with such information, and the newspapers have also reported it one after another, and the name of Peking University Kanshan has also spread in the financial circle.

Late at night on September 11, Sina Finance suddenly published a signed article "Tunhe Shares Suspected of Falling into Debt Crisis" in a prominent position

On September 12, the Southern New Century Economic Herald published an article "Tunhe Huiyuan Breaks Up Shady".

Judging from a single piece of news, in addition to the senior management of the Delong department, it will not attract the attention of many people in the industry, the reason is very simple, everyone knows that there must be a problem with Tunhe shares, but no one can do anything about it.

To put it simply, the stocks of the three listed companies under the Delong system only rise and do not fall, regardless of the performance of the broader market, just go all the way up, and the three stocks have risen more than 10 times since Tang Wanxin started.

If it were other speculators, it is estimated that they would have shipped at a high level a long time ago, but Delong did not, they have always held the chips in their hands, and the stock price has been maintained at a high level, for which Tang Wanxin has also won the reputation of China's No. 1 fierce village.

Market analysts believe that Delong is full of confidence in the market outlook and believes that it can find better shipping opportunities in the future.

Chen Qiaoshan understands the inside story, the reason is very simple, Delong does not want to ship, but because the shares of its Hunan Torch and Alloy Investment have been fully mortgaged, becoming the source of funds for Tang Wanxin's expansion everywhere, in order not to drag down the capital chain, he can only try to maintain the stock price.

In today's financial world, there is a general consensus among investors, that is, the stocks under the Delong system cannot be touched, but Chen Qiaoshan does not believe in this evil, he not only touched, but also put on the pole and faced each other.

Chen Qiaoshan knows that the current Tunhe shares are the only bargaining chip in the hands of the Delong department, and if the stock price of Tunhe shares is defeated, Tang Wanxin's capital chain will definitely be broken, and the Delong department is basically in a desperate situation, and the Tunhe shares themselves are full of problems, and there is no shortage of opportunities.

In May this year, Tunhe shares transferred their holdings of Huiyuan shares, 51% of the shares were valued at 530 million yuan, and the takeover was Weiling Group in Hubei Province.

Tang Wanxin's statement to the outside world is to reduce the company's operating risks and restructure the assets of Tunhe shares, and in the news disclosed by the New Century Economic Herald, this transaction is full of insiders.

First, 51% of Huiyuan's shares are seriously undervalued, and this transaction is a cheap sale of the assets of the listed company.

To put it bluntly, Huiyuan has a valuation of more than one billion.

Second, the transaction is illegal when investigated.

The acquirer, Weiling Group, has a registered capital of 25 million, and the Company Law clearly stipulates that foreign investment shall not exceed 50% of the net assets of the enterprise.

Third, Weiling Group is not the real holder of Huiyuan's shares, and the actual successor behind it is Zhu Xinli, the second largest shareholder of Huiyuan.

Zhu Xinli was the original second largest shareholder of Huiyuan Group, and the meaning is obvious, this is a deliberate related party transaction, which must be hidden in it.

Fourth, the actual transfer fee for share transfer is not 530 million in the news, but is likely to be less than 210 million.

Sina.com published the news in the middle of the night on the 11th, and it did not cause any shock at that time, because the follow-up impact of hops was great, and most of the listed companies in northern Xinjiang were involved, and Tunhe shares were inevitably affected.

However, as soon as the news of the New Century Economic Herald appeared the next day, it caused an uproar in an instant.

In the news published by Sina Finance, it mainly accuses Tunhe shares of illegally arbitraging funds, questioning its tight capital chain, and suspecting that the funds of listed companies have been misappropriated.

If it is just a single news, it will not cause investors to be nervous, this year is not the next generation, the securities law is very unsound, and it is too normal for listed companies to embezzle funds, but when it comes to the inside story of the sale of Huiyuan shares, it is a little scary.

If the news is true, 51% of Huiyuan's shares account for more than half of the net assets of Tunhe, but only 210 million were sold, and the receiver is Huiyuan's second largest shareholder, the actual operator Zhu Xinli, but it was easily covered up later, and the stock price of listed companies did not move at all, which is a bit too much.

It is not difficult for people with a little financial knowledge to see that there are many secrets hidden in this transaction that cannot be said.

September 12 was a silent day, and the share price of Tunhe shares fluctuated slightly, but it stabilized immediately.

Investors are not surprised, Delong's stocks have always been like this, no matter how volatile the market is, the stock price has remained strong.

Since the day was Friday, and the market was closed for the next two days, the news was relatively quiet, and the major media did not have any follow-up reports, waiting for the relevant parties.

On Saturday, September 13th, Delong issued an announcement to the outside world, the meaning is very clear, all accusations are false, and Tunhe shares reserve the right to pursue the legal responsibility of the rumor-mongers.

In the next few days, all the media seemed to be silent, and there was not a trace of relevant news in the newspapers on the market, only some content remained on the Internet, but it was no longer a climate.

On September 18th, the hops incident fermented again, and the affected enterprises had several new faces, two of which were wholly-owned subsidiaries of Tunhe Co., Ltd., involving guarantee funds of more than 100 million yuan, and the market was in an uproar for a while.

On September 19th, the Southern New Century Economic Herald took the lead in making a difficulty, and its reporters went to Hubei Province to visit Weiling Group exclusively, and found that this company is a private enterprise mainly engaged in textiles and packaging, and has just completed the transformation of state-owned shares in the middle of the year.

According to the news, Weiling Group does not have the qualifications for acquisition at all, and the reporter learned through interviews with people familiar with the matter that the actual investor of the Huiyuan merger and acquisition case is confirmed to be Zhu Xinli, the second largest shareholder of Huiyuan.

On the evening of September 19, Delong Group temporarily issued an announcement that the sale of Huiyuan shares by its Tunhe shares is a normal industrial restructuring, and the market should not over-interpret it.

On September 20th, the market was closed on the weekend, but the financial community has been boiling and talking about insider trading rumors of Tunhe shares.

On September 22, the share price of Tunhe shares fluctuated abnormally, and the trading volume throughout the day was obvious, and the stock price fell slightly as of the close.

On September 23, the New Century Economic Herald interviewed Zhu Xinli on the spot, but was politely refused.

The public relations personnel of Huiyuan Group are consistent with the external voice: Huiyuan Group and Delong are peaceful breakups, Huiyuan Group does not have the behavior of encroaching on the interests of Tunhe shares, and the group will not comment on the actual amount of the share delivery.

As soon as the news was revealed, public opinion was in an uproar again.

Although Zhu Xinli did not come forward in person, the meaning has been clearly expressed, Huiyuan has nothing to do with Delong, this is not the point, the most important thing is the silence about the transaction amount, which is basically equivalent to acquiescing to the 200 million yuan reported in the news.

You must know that Huiyuan is a leading enterprise in the domestic juice industry, with total assets of more than 1.5 billion yuan and net assets of more than 800 million yuan.

If the inside story of this deal is confirmed, then there are only two possibilities.

One is Tang Wanxin's insider trading transfer of assets, but this possibility is very low, because now Delong's total assets have reached an unprecedented 120 billion yuan, even if there is a suspicion of exaggeration, there must be more than 100 billion.

One possibility is that Tunhe shares transferred Huiyuan's liquidity in the early stage, and most of the money in this transaction was offset, and it is not surprising that the actual funds are only 200 million yuan.

But in this way, there are two problems, why did Tunhe shares withdraw a large amount of funds from its enterprises, and even withdrew more than 100 million yuan through the guarantee of hops, what did all this money do?

It is easy for people in the industry to figure out that only the Delong department has the ability to draw such a huge amount of money.

On September 24, Tunhe shares opened a large number of sell orders, although there were funds into the market, but the turnover rate was insufficient, and the shares fell 2.7% throughout the day, which was the first time in three years that the Trident of Delong fell sharply.

On September 25, Tunhe shares stopped the decline, and the trading volume was stable throughout the day, but there was a rapid rise at the end of the day, and there was obviously a suspicion of capital manipulation.

On September 26, the opening stock price of Tunhe shares rose, and finally walked out of the shadow that lasted for half a month, and restored the strength of the old three shares of Delong.

However, on the evening of September 26, Sina Finance published a headline in a prominent position, and Peking University Kanshan reported to the Securities Regulatory Commission a series of problems such as Tunhe shares manipulating securities trading prices and misappropriating funds of listed companies.

And in this news, the true identity of Peking University Kanshan was also revealed, Chen Qiaoshan, a student of Guanghua School of Management of Peking University.

……

Chen Qiaoshan lay on the bed, reminiscing in his heart about the peaceful college campus life during this time, maybe from today, all this will be gone forever.

He doesn't regret what he's done, it's all the choices he made after careful weighing, and the timing was carefully considered.

It's the National Day soon, and there's plenty of time for things to ferment, and the follow-up process is beyond human control.

Suddenly, Nokia's unique text message ringtone rang again, Chen Qiaoshan picked up his mobile phone and looked at it, and hurriedly got up, Yan Xiaoqin went downstairs, he hurriedly dressed and got up, hurriedly washed up, and jumped out.

It's a sunny day, and as soon as I leave the dormitory building, the dazzling sunlight is rushing in my face.

Chen Qiaoshan was a little uncomfortable for a while, he squinted his eyes slightly and looked around, Yan Xiaoqin not far in front of him smiled lightly, standing in the rising sun, the whole person was dazzling and dazzling.

Chen Qiaoshan suddenly had a clear understanding in his heart, this may be the life that the two of them will live in the future.