The act of a listed company buying back a certain amount of shares issued by the company from the stock market by means of cash or other means is a share repurchase. Pen & Fun & Pavilion www.biquge.info

Generally speaking, this situation is more common in bear-tailed bulls, and listed companies feel that their stock prices are undervalued in the secondary market, so they will buy back shares, releasing a "Lao Tzu is very unhappy" attitude.

That's how it feels like to be a mainland company, listed on Hong Kong Island, and then ...... Looking at the general valuation of A-share listed companies is so high, and then looking at the group of H-share comics, it is extremely sad.

Repurchase? Now is a repurchase, too long, delisting from Hong Kong Island, and then listing in Shanghai and Shenzhen, it is not impossible, after all, there are examples in front of it.

However, these procedures are very complicated, and one of the most important points is that if you want to buy back, you have to find someone to sell, and it is better not to alarm too many people, and wait until everything is negotiated, and then announce the news, and also give the stock price a little stimulus.

It is easy for the people of Tianheng to focus on the long-short battles in the past few days.

After careful calculation, they suddenly found that if all the warrants and options held by the bulls were exercised, there would be more than 2 billion underlying stocks.

Does Lei Hao have 2 billion to buy the underlying stock? No, so he definitely won't exercise all of his rights, and if he does, Nick's side will breathe a sigh of relief.

Nick has money, 2 billion Hong Kong dollars for US dollars, the number is not an exaggeration, when he asked Lei Hao to take over the warrants call warrants, he had already signed standard contracts from major institutions and locked the corresponding underlying stocks.

As long as Lei Hao dares to ask for it, Nick dares to give it, and then the stock price is naturally pushed up, it seems that Lei Hao is making money, but the difficulty of exiting is absolutely huge, and Thunder will form a pattern of snakes swallowing elephants, and it will be easy to be strung to death.

Without the corresponding buying order to take over, when and month will Lei Hao be able to sell out these stocks? There is no corresponding channel, unless the price is lowered, who will take it over for him? Without the corresponding funds, how would you deal with Nick's depressive stock price and repayment?

There are a lot of issues to consider, so Lei Hao's position must be held to ensure his advantage, he holds the chips of the warrant, and Nick is spending high costs all the time, and he wants to cut the meat and be reluctant, and he wants to lose a little less, Lei Hao does not agree.

If Lei Hao had lost these chips, or changed some chips, Nick would have suffered a heavy loss, but when he turned his head, the initiative would not be in the hands of Thunder Investment.

Either overwhelm the opponent and accept huge losses.

Either find the corresponding buy order in the underlying stock market and exit the market with a profit.

With Thunder's current situation, Lei Hao had better choose these two paths, so he was waiting, but unlike others who thought, he was waiting for the new entry funds to untie the market, rather than waiting for the bears to cut the meat.

"Mr. Lei, the warrants market gives a big order." The trader shouted excitedly over there.

"There is a lot of buying in the underlying market, 0.720." Another trader is also reminding.

Lei Hao looked over, and as expected, the other party couldn't hold back, threw out a large number of buying orders in the underlying stock market, put on the attitude of closing the position here, and also made corresponding expressions in the warrant market.

"Exercise a portion of warrants." Lei Hao said with a smile.

With the exercise of Thunder Investment, the company's funds decreased by the corresponding part, the underlying stock position increased the corresponding chips, and the chips of the warrant were also reduced.

At this time, the large institutions that signed the securities lending contract with Nick will find that some of their inventory has been consumed, and Nick can also find that some of his many accounts have actual losses.

At last...... Nick squirts another mouthful of old blood, and he can now either suck the chips and return the coupons, or bear the cost of the daily cost.

How to do it? Buying stocks? Lei Hao's price was raised.

Don't buy? I can't help but buy it.

"Damn it, this bastard!" Keda Port cast, Nick's forehead is bruised.

You Junlong is also very depressed at this time, he has been short before, and now he also has some positions, so is he admitting it here, or is he waiting for a turnaround?

"At such a high price, why aren't there enough selling orders? This bunch of insatiable guys. Looking at the market is more of a wait-and-see attitude, You Junlong has an urge to smash things.

Thunder Investment, Lei Hao is very good, and by his side, Tao Liyu and Lin Minghui are also very happy.

In addition to being happy, Tao Liyu and Lin Minghui were also thinking about Lei Hao's goal.

0.720 refuses, 0.780? Isn't it a little too high?

Time passed like this, and soon, it was 10:30 p.m., just looking at the stock market trading volume, outsiders will feel that there is no sign of volume today, but hidden under the calm is a turbulent undercurrent.

At this time, Tao Liyu and others began to hesitate, hesitating whether to persuade Lei Hao to start reducing their positions, because the company's financing account had also been consuming costs.

At the very least, if you control your position within 450 million, you don't need to pay additional interest costs, and you can also lock in a part of your profits, and the rhythm will be much better between your own advance and retreat.

Lei Hao also felt very strange, Tianheng's stock price has not changed much, where is the highest 20% mentioned in the future information? Rush up and down? It's not high yet, what's the matter?

"Sure enough, if the funds are too big, it will change the original situation." Lei Hao had a headache, but quickly regained his confidence.

Does anyone else have information about the future? No, since they dared to rush the stock price to 0.780 in the original time and space, is it different who the chips are in now? There is not much difference, you should buy or you have to buy, and the good things that should appear will still appear.

Sheng Xiang, Keda, You Jia, many people feel that today is to maintain this momentum, and they have begun to think about the next plan.

At this time, Lei Hao received a call from Yangcheng and got a message: an institution came to contact and asked about the warrants and stock prices in Hong Kong.

What do you mean? Someone has taken over!

In fact, Lei Hao has changed the original future, Tianheng's round of share repurchase, originally adopted two ways: on-site public acquisition and off-market agreement acquisition, and now they see the hope of completely using the over-the-counter agreement acquisition to achieve the goal.

That is to find out the people who are long, if the bulls have enough chips, then buy them at an appropriate price, and even Tianheng does not use the name of Tianheng to buy back shares, but the board of directors and several major shareholders raise funds and buy them directly outside.

The over-the-counter agreement acquisition does violate the "three publics" principle of the stock market, but Tianheng's board of directors and major shareholders have made a detour, and they have used various methods to determine to eat these stocks themselves, so it is difficult to investigate.

You can't allow someone to agree to buy securities, right? We haven't violated existing regulations, and no one can say "no".

Lei Hao immediately started negotiations with the other party...... (To be continued.) )