In the original trajectory, the Delong crisis broke out in April, and COFCO began to intervene in May, trying to take over Tunhe shares, but was directly rejected, because it had found a partner, but COFCO did not stop there.

Because Delong took the Tunhe company's book funds at the moment of crisis, and the bank refused to lend, the company inevitably fell into trouble.

Tunhe is a listed company, and the China Securities Regulatory Commission has a clear stipulation that all transactions must be announced, and the announcement must be approved by the Securities Regulatory Commission.

The most critical point is that COFCO's transaction to become the owner of Tunhe has been deliberately concealed for a long time.

The explanation given afterwards is for the stability of the stock market and the protection of the rights and interests of small and medium-sized shareholders.

Chen Qiaoshan knew the twists and turns inside, but he couldn't tell Jia Yinan, but as a reporter, he was not easy to fool.

"There are three companies in the old three shares of Delong, why are you only eyeing Tunhe shares?" Jia Yinan directly pointed out the key to the problem.

Chen Qiaoshan was not surprised at all, if she couldn't even see through this, it was estimated that the media industry would really not be able to get involved.

Of course, Chen Qiaoshan naturally has no shortage of reasonable explanations.

Although Tunhe used to be a cement company, Delong has successfully transformed into a deep processing enterprise of agricultural products. ”

Jia Yinan didn't understand the meaning of his words, and asked, "What does this mean?"

"Delong has collapsed, if these three companies make a mess, the first one must be Tunhe. ”

"Why?" Jia Yinan subconsciously asked, Chen Qiaoshan smiled: "Sister Jia, your hometown is not rural, right?"

Jia Yinan was a little puzzled and asked, "Does this have anything to do with Tunhe?"

Chen Qiaoshan patiently explained: "Tunhe is mainly engaged in tomato sauce and deep processing of vegetables and fruits, and the supply of raw materials is signed with local farms and farmers. ”

After a pause, he continued: "It is the No. 1 tomato planting base in Asia, and it is located in the northern Xinjiang. ”

Jia Yinan's spirit was shocked, and he asked eagerly: "You mean that Tunhe will cause chaos?"

"I can't make a fuss. Chen Qiaoshan replied directly.

Jia Yinan didn't ask again this time, she was not stupid, she quickly came back to her senses, Tunhe's products are not worried about sales, and then again, even if the situation reaches the worst, the government will not sit idly by in that place in northern Xinjiang.

……

On March 2, Sohu Finance published a news: "The Million Mu Red Sea of Tunhe", signed by Jia Yinan.

The news picture is bright red, this is the scene of the tomato drying field to which Tunhe belongs last summer, and the cut tomatoes are dried in the open air, which is boundless and has a great visual impact.

The article pointed out that because Delong used a large amount of deposit certificates to take away the working capital of Tunhe, the business operation was in trouble, coupled with the bank loans, Tunhe was in crisis, and whether or not the contract could be fulfilled and acquired was related to the vital interests of thousands of farmers.

As soon as the report was launched, it quickly became a hot topic in society.

Tomatoes are harvested in summer and autumn, and now is the time to sow seeds, and at this critical juncture, the news quickly attracted the attention of relevant parties, not only the government, but also the intention to buy companies.

It didn't take long for many media to reprint Jia Yinan's article in large numbers, and the Delong department once again became the center of the news.

Tang Wanxin's arrest is a clear signal, the demise of the Delong system is doomed, everyone knows that the old three shares will either be delisted or trusteeship, but no one expected that among the three companies, the crisis of Tunhe shares will be the first to break out, and it is so serious.

Because of this article, Jia Yinan became popular, and even CCTV began to pay attention to the problem of Tunhe, as the largest exporter of tomato sauce in China, whether Tunhe can be acquired on schedule has become the focus of attention of many parties.

With the increase of attention, the problem of Tunhe shares was completely exposed, and the Delong department not only siphoned off the working capital, but also carried out illegal guaranteed loans in the name of listed companies, arbitraging a large amount of funds.

The most critical thing is that the analysis report given by the professional appraisal agency shows that if Tunhe shares do not receive capital supplements, the operation will come to a standstill, let alone the performance of the contract, and it is estimated that bankruptcy is possible.

As soon as the news was revealed, the market reacted quickly.

In just three trading days, Tunhe shares plummeted 17%, and the stock price has fallen to a piece of seven cents.

On the night of the 3rd, rumors spread in the market that Tunhe shares might go bankrupt.

On the 4th, Tunhe shares opened with a word limit.

Generally speaking, retail investors who fall to the limit of stocks can't sell at all, but the strange thing is that the sell orders that are put out in order to cut the meat and leave the market are basically successfully traded, and as of the close of the morning, Tunhe's stock price has pulled back slightly.

As a result, many people suspect that rumors of bankruptcy are likely to be smoke bombs.

Speculation is everywhere, especially in the stock market.

As soon as the market opened in the afternoon, Tunhe shares stopped falling and rose, and many retail investors came back again.

As of the end of the day, all the 2 million prepared by Chen Qiaoshan were invested in the stock market, and the cost price was about 8 yuan, and a total of 11,000 hands were bought before and after, plus the original, several accounts held 16,000 hands, and the book loss was more than 300,000.

Chen Qiaoshan didn't think about spreading the cost at all, he knew that the opportunity was fleeting, Delong's history had changed, and now he was gambling, gambling that the red industry in Tunhe was attractive enough.

The crisis in Tunhe was detonated, the stock price plummeted, rumors of bankruptcy loomed, and there was a lot of singing, but some people were happy and some were worried.

The most worrying thing is the creditor, and the largest creditor in Tunhe is many commercial banks, just when there are different opinions, the situation changes suddenly.

On March 5, JPMorgan's domestic subsidiary issued a statement.

There are two points in the content, one is to prepare for the establishment of CIC Morgan.

The second news is particularly interesting, the statement wrote that entrusted by customers, the company continued to buy Tunhe shares from the secondary market, and as of the 4th, the cumulative shareholding reached 4.99%.

As soon as the news was released, it detonated the market as soon as possible.

JPMorgan Chase, also known as Xiaomo in the Chinese population, is undoubtedly influential and is one of the first QFII financial institutions to be allowed to enter the domestic market.

Just last year, when Delong bailed out the market, JPMorgan Chase's Chinese subsidiary participated in buying shares of Alloy Holdings from the secondary market, causing the stock price of the old three shares to skyrocket.

Compared to last year, the situation is different today.

Last year, it was only a small entry into the market, but now it is a big buy, and it is clear to everyone that the intention of the acquisition has been revealed.