Chapter 41 Asset Reorganization
Through the financial statement fraud incident, Liangjing Investment Company successfully took advantage of the market panic and absorbed a large amount of chips at once.
At present, the shares of ST agricultural machinery held by Liangjing Investment Company account for 40% of the total circulation of the stock, and the position building task has been successfully completed.
In the following days, ST agricultural machinery fluctuated violently at a low level, and the sky-high transactions made by Liangjing Investment Company that day attracted a large number of short-term speculators like sharks.
For those seasoned and seasoned speculators, the bad news about stocks can't stop their greed.
They now recognize a reason, ST agricultural machinery stock in the position of 3 yuan has the main funds into it.
Although these speculative masters do not have cheating artifacts like Sun Haoyang, after the market released a huge number of transactions, the intentions of Liangjing Investment Company were exposed.
Those speculators don't believe that such a large amount of money would blindly invest in a stock that is about to be delisted. With a little analysis, they can easily come to the same conclusion as Sun Haoyang.
Affected by this, in the next few days, the price of ST agricultural machinery did not fall, but slowly rose due to the influx of speculative funds.
For this situation, Lu Jialiang did not stop it, or he couldn't stop it if he wanted to.
After so many years of trading, Lu Jialiang knows very well the level of those speculative masters.
The huge amount of money is the advantage of the bookmaker, but it is also the disadvantage of the banker. By controlling the stock price, Lu Jialiang can manipulate the psychology of those stupid retail investors, but it is difficult to fool those speculators who have a keen sense of smell to chase up and down.
Generally speaking, in the stock market, the market maker is like a fierce lion, the retail investor is a sheep to be slaughtered, and the speculator is a hyena.
Hyenas themselves do not have the ability to hunt large prey, they can only rely on the dealer's side to get a piece of the pie, of course, if they meet a weak and bullying dealer, they will not mind tearing a piece of meat from the opponent's soft belly.
In the process of sitting in the bank, speculators are like dangerous flames, smart dealers will use speculators to help themselves fuel, and finally eat their own meat and give them a mouthful of broth, while stupid dealers will play with fire ** to burn themselves.
Of course, in today's securities market, the vast majority of bookmakers are very smart, because stupid bookmakers have long been eliminated in the big waves of the past two decades.
In the face of the speculation of funds, Lu Jialiang did not stop it, but only took control of it at some key points that affect important technical indicators and made a K-line pattern.
Of course, those speculators are also very cooperative, and they are shrewd and will never go against the market makers when the stock price is rising.
Lu Jialiang has previously controlled 40% of the circulating share capital of ST Agricultural Machinery, coupled with the shares of long-term shareholders who will not sell if they are killed, the shares of ST Agricultural Machinery that are actually circulating in the market have been greatly reduced.
In the second half of 2005, China's stock market began a strong rally, coupled with the impetus of speculative funds, the share price of ST Agricultural Machinery began to climb steadily.
At the same time, the restructuring negotiations of ST Agricultural Machinery are also in full swing.
Affected by the false news of financial statements, Dong Debiao is currently at a complete disadvantage in asset restructuring negotiations.
Originally, the intention of the company and Kyushu Agricultural Machinery was to let Kyushu Agricultural Machinery Factory continue to retain 15% of the shares after the other party's capital injection.
After the financial report fraud, the other party was only willing to reserve 5% of the shares of Kyushu Agricultural Machinery.
Dong Debiao was very angry at this request, but he was also very helpless. There is no other reason, and his own handle is currently in the hands of the other party.
The funder of this asset restructuring is obviously very promising, not only with abundant funds, but also with a lot of official relations.
In the course of the discussion between the two parties, the negotiators of the other side hinted that if Dong Debiao did not agree to the 5% asset restructuring conditions, then the other party would submit the collected financial statements to the China Securities Regulatory Commission.
And if Dong Debiao agrees to the 5% asset restructuring conditions, the other party guarantees that everything can be taken care of, and the fraud incident will not be investigated.
Faced with the threat of the other party, Dong Debiao could only compromise.
The original shares of Kyushu Agricultural Machinery Factory were collectively owned, even if Dong Debiao fought for better conditions in this negotiation, at most it was to make himself look better, and the money would not go into his pocket in the end.
In this case, he had no choice at all. Anyway, after the reorganization of the enterprise, he will be thrown into an idle department to retire because of poor management, so it is better to fight for some benefits for himself as much as possible now.
Since the asset restructuring plan has been discussed a long time ago, now only the shareholding ratio of Kyushu Agricultural Machinery Factory after the reorganization has changed, so this time the negotiation proceeded very quickly, and all the details were quickly negotiated, and the rest is the specific approval and implementation work.
The asset restructuring of listed companies is a major event, and there are many personnel departments involved in the restructuring process, so it is unlikely that this kind of large-scale action will be completely confidential.
Just a few days after Kyushu Agricultural Machinery Factory determined all the details of the asset restructuring, rumors began to spread in the market that ST Agricultural Machinery Stocks were about to be restructured.
At first, the rumors were only spread in a small area, and the stock price began to rise at a rate of one or two points per day, and then the news of ST Agricultural Machinery's upcoming asset restructuring began to spread widely, and its stock price finally ushered in an explosive rise.
After 3 consecutive one-word limits, Kyushu Agricultural Machinery Company finally announced that due to the company's ongoing negotiations on major asset restructuring, there are many uncertainties in the negotiation process, and ST agricultural machinery stocks will be suspended from now on.
When ST agricultural machinery stock was suspended, its share price had risen to 5.54 yuan, which was more than 70% higher than the price that Sun Haoyang bought at the beginning.
Sun Haoyang also made a total profit of 45,000 yuan by virtue of this operation, of which the profit attributable to himself was 30,000 yuan.
And these profits are actually just the beginning, Sun Haoyang is very sure that when the asset restructuring is completed, he and Wang Yue will be able to obtain more profits.
According to the general law, after the restructuring of ST stock assets, the general stock price will at least double, that is, to reach a height of more than ten yuan.
What's more, during the entire rise before the suspension of ST agricultural machinery, the 100 million yuan account opened by Liangjing Investment in the business department of Wanyue Road showed no signs of reducing its position at all.
Therefore, Sun Haoyang has every reason to believe that when the dust lags behind in the results of ST agricultural machinery reorganization, Liangjing Investment is likely to wait for another opportunity to speculate.
If everything is really as Sun Haoyang expected, then the total income from his investment may eventually be as high as nearly 200,000 yuan!
But what the outcome will be, no one knows until the mystery is revealed......
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