Multiple factors coincidence galaxy technology or large shareholder reduction

Peng You's share price soared 50% in just a few days, and the Galaxy group's largest shareholder, Galaxy Holdings, has quietly ushered in full circulation.　　More coincidentally, the Galactic Group is actively engaged in the removal of the pledge of shares, as if staged a mocking cage "drama.　　Galaxy Technology disclosed yesterday, the large shareholder Galaxy Group pledged to the Agricultural Bank of China Beihai branch of the 6 million shares of the company has handled the equity pledge to lift the formalities, the pledge to release the time of May 14, 2009. Market analysis, 6 million shares compared to the Galactic group (and already pledged) 108.64 million shares is only a piece of cake, but it revealed important information: The Galaxy Group will be the first to release the shares pledged, may again in the two-tier market, cash to repay the bank debt.　　And the stock price in the two-tier market trend needs to "close cooperation." May 18 This year, the Galaxy Group held 108.64 million shares in circulation. But according to the Galaxy technology yesterday's announcement, the shares were four batches of all pledged to ABC Beihai branch, to guarantee. The pledge period is from April 2006 to June and the period is one year.　　Due to the related loans have been overdue after the return formalities, so the corresponding lifting of the pledge procedures have not been handled, at present all overdue. "Galaxy's capital chain has been relatively tense, how to return money is its most headache problem." "The most realistic and practicable way to do this is to put stocks in stock," said one person familiar with the matter. "Another market Personage said, the first quarter of this year, Galaxy Technology's share price has been low, the Galaxy group to make its own purse thicker, only" rising "a path.　　As a result, the Galaxy Group has a strong incentive to "expect" the stock price to rise. This kind of speculation does fit the Galactic technology two market trend. Starting from April 29, the unit trading for four consecutive trading days, a slight consolidation after the rally, the highest touch of 6.56 yuan. On the day of May 18, the unit was closed at $6.05.　　In just a few days, it rose more than 50%. The above market personage analyses, this Galaxy group will only 6 million shares lift pledge, it may have been because of too much debt that the banks did not agree to all the charges at the same time, taking a compromise of the solution-the cash-for-debt-and then the way to put the risk to good use, in fact, in the case of another listed company controlled by the Galactic Group Electric on the Long march is also reflected. February 27, 2009, the Galactic Group held 43.18 million shares, Galaxy Technology held 29.73 million shares lifted, the long march of electricity in the short term, the rise also reached 50%. A subsequent announcement by Galaxy Technology showed that the company was aggressively reducing its long march of electricity, and that the exchange was funded mainly to repay bank overdue loans.