China's medium-term suspension makes speculation about capital reorganization

Source: Internet
Author: User
Keywords Suspension and reorganization of assets
The stock market always has the unexpected story, is known as "the first stock of China Futures" is one of the middle China. In February this year, the medium-term futures absorption merged international futures and the medium-term Jia joint changed to international futures, and in June, the company proposed to borrow 60 million yuan from the medium-term group to increase capital to international futures. Market participants generally believe that the injection of corporate assets is expected to take a certain amount of time.  However, July 7 suddenly announced the suspension of the company, planning major assets reorganization matters.  "Securities daily" reporter called the Chinese medium-term Dong Office, to verify whether the major issues with international futures into the company, Dong-Office related people neither certainly nor denied, only said that "the major issues still exist greater uncertainty."  A Futures company Research Center told reporters that the company's suspension for one months, shareholders or have reached an agreement, should be directed to add additional ways to the whole international futures into the company.  has been favored by hot money in China in the medium term, before the suspension has been in the inflow of funds, June 30 is a deviation from the value of 10.23% boarded SSE transactions Public Information list, the hot money has finally been in the asset reorganization of the time node. Or the whole of international futures into February 2010, the medium-term futures absorption combined with international futures and the medium-term Jia, the merger of the new company name is China International Futures Limited. February 21, China's medium-term board passed a bill to increase capital to international futures. As a result, insiders speculate that the medium-term group will sooner or later inject international futures into the company.  However, despite the growing market rumors, asset injection has been no trace. June 23, China's interim announcement, to the medium-term group to borrow 60 million yuan for international futures to increase capital.  Less than half a month after the announcement, July 7 Company stock suspension. The company issued a notice that the company is planning a major asset reorganization, due to the uncertainty of the matter, the application starting from July 7, the suspension period of 30 days, if the company could not convene within the period of the Board to consider and disclose related matters, will resume trading on August 6.  It is expected to submit the disclosure documents to the exchange within five trading days prior to the expiry of the suspension. The futures sector said that the shareholders in accordance with the proportion of international futures to increase to 600 million yuan, China's medium-term from the original holding medium-term Futures 94% equity and equity participation in China's international futures 9.27% shares into the new company 22.46% of the equity, the company's largest shareholder in the interim group holding 73.61% of the equity. China's medium-term has been committed to big futures business, the injection of international futures and its strategic development coincide.  Analysis of China's interim announcement, the major issues referred to is that the international Futures asset injection, and may be directed to the implementation of additional. The most valuable asset of the medium-term group is international futures. Public data show that the medium-term group was founded in August 1994, after more than 10 years of development, has now formed a futures services, logistics services, electronic information services as the core business of modern service enterprises. Group is committed to becoming the medium-term futures (now absorbed into the internationalFutures), medium-term securities, medium-term insurance, medium-term financial investment consulting firms, and other large financial services groups.  The original international futures had 7 consecutive years to obtain the National Futures volume, turnover industry ranked first. Before the suspension of hot money to intervene in China in the medium term is China's only one listed futures company, known as "China Futures first shares," said. It is by virtue of this concept, China's medium-term is favored by hot money, repeatedly by speculation, this March, its share price jumped over 37 yuan, p/E has been as high as 1500 times.  And the day before the suspension, its share price closed at 28.38 yuan, the P/E is still up to 600 times times. China's medium-term trend shows that the first 5 trading days out of 5 Lian Yang, turnover, exchange rate steadily increase, capital inflow is obvious.  June 30, in the Shanghai Composite Index fell 1.18% of the market conditions, China's medium-term stock prices once touched trading, the final closed to 26.7 yuan, 8.89%, amplitude 13.7%, and to the daily price of deviation to reach 10.23% SSE trading information list. SSE disclosure of information shows that the day to buy, sell the first 5 without agency participation, are brokerage department. Buy the first 5 names are: Galaxy Securities Beijing Zhongguancun Street Securities Business department 6.815 million yuan, wealth securities Chenzhou Zixing Daxing Road Securities business Department 5.805 million Yuan, Hunan Treasury securities Beijing Hui New Dongjie Securities business department 4.968 million Yuan, Bohai Securities Shanghai Zhangwu Road Securities sales department 4.91 million Yuan, Galaxy Securities Beijing Huangsi Street Securities sales department 3.878 million yuan. Sold before 5 are: Ping An securities Shenzhen Shennan Middle Road Securities Business department 2.633 million Yuan, Shanghai Securities Rong City Securities business department 2.582 million Yuan,  China Merchants Securities Chengdu West One Ring securities business department 2.312 million Yuan, Huatai Securities Beijing Lotus Pool East Road Securities business Department 2.121 million Yuan, Huaxin securities Shanghai Songjiang Securities sales department 2.114 million yuan. Access to SSE transactions revealed that from January 2009 to the present, China's 15 times in the medium-term transactions disclosed information disclosure.  Including the daily price increase (decrease) deviation, turnover rate, the deviation of the value of only one April 16, 2010, abnormal period price increase deviation value of 20% more than 2 times. If China's medium-term assets are injected into the country, the money is finally accurate and successful.
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