Executive shareholders seek to set up the gem or the return of the tide of the lifting

If the restricted stock shareholders eager to reduce, will certainly have a greater impact on the stock price, gem may take this opportunity to embark on the road of value return when 0.25 yuan/share of input, gained 42 yuan/share of the output, a large amount of wealth may become the most urgent things.　　Recently, pathfinder former Dong Yong built in its capital appreciation nearly 200 times times, to tens of millions of scale, the choice of "for personal reasons," the early resignation of Dong-tung Post.　　According to the "Finance and Economics national weekly" reporter statistics, since the gem has been listed, there have been 5 companies of 6 senior executives resigned, the disclosure of directors, supervisors, senior officials resigned from the situation of companies, as many as 24.　　As with Fan Yongjian, the reasons for resignation are "for personal reasons", and the book profits are equally rich.　　In the eyes of the industry, the resignation of these executives is intended to circumvent the regulation of the company's shares of listed company executives, to advance the purpose of cashing huge wealth. In accordance with the provisions, the actual control of the promoters of shareholders outside the limit period of the company's shares listed from the date of 12 months. But in order to limit the reduction of executives in listed companies, the Shenzhen Stock Exchange also stipulates that as a shareholder of a listed company, the number of shares held in the company can not exceed 25% of its own holdings each year, and within 12 months after the executive's declaration of Office, the number of shares of the company shall not exceed 50% of its own holding of the shares; 12 months after　　, all will be unlocked. In other words, if Yong does not choose to resign, he will not be more than 25% per annum.　　But on June 10, 2010, when he abandoned the status of senior executives, when the time entered December 10, 2010, Yong built to reduce the number of the maximum reduction of 25% of the shares to 50%; by December 2011, his reduction will be no longer limited.　　Open the gem listed company executive resignation is Meteno former vice President Schwenbo.　　February 25, 2010, the company officially listed after the listing of less than 2 months, as Meteno, one of the shareholders of the Schwenbo will be because of "personal physical reasons" submitted a resignation report.　　In the following March, the director and general manager of Peng and Shanghai Jia Hao's director Li Yu resigned respectively; in April, the South wind shares director Chen Junling submitted the resignation report; June, after the Pathfinder Dong Yong, two vice Presidents Wei and Niepengxiang also resigned.　　Compared with hundreds of thousands of of annual salary, tens of millions of or even hundreds of billions of equity returns is undoubtedly a huge temptation. According to statistics, Schwenbo resigned at the time the value of its holdings has reached 65.8125 million yuan. Niepengxiang and Wei resigned when the stock market value of about 9 million yuan. Peng's holdings are worth 46.62 million yuan.　　It is understood that Peng acquisition of these shares only 310,000 yuan, value-added about 150 times times.　　Like natural shareholders, the gem of the institutional shareholders are also very strong impulse. The release of shares, which began in June, has already made the gem a significant pressure. From June 1 to July 30, two monthsThe Gem index fell 1.86%, while deep-proof exponentially rose 6.5%. Especially in July, a-share market ushered in a long-lost rebound market.　　But in this wave rebound, the gem is obviously "lagging behind", the stock ran lost the market.　　In contrast, the concern for market participants is the impending lifting of the release of the emerging shareholders. "Because the institutional network of placing shares and the cost of circulating shareholders close to the market is not the biggest impact on the gem, the real cause of the fatal blow will be listed one year after the original shares of the circulation and three years after the circulation of large shareholder shares."　　"said Pihai, a well-known financial commentator. The October 30 of 2010 is the first anniversary of China's gem. November 1, the first batch of 28 companies packaged in the IPO 1.222 billion stocks will be lifted.　　The original shares of the 8 gem companies that followed the second batch of listings will be lifted on December 27. In the industry's view, the original shares of the lifting of the ban on the gem may be an unprecedented crisis.　　In particular, many of the lifted shares were held by VC agencies, not only the low cost of holding, but also because the "mission" of such institutions is "listing out" profit, coupled with the high valuation of the gem to highlight the wealth effect, the creation of the institutions are also more intense impulse.　　According to Shenzhen released data, as of June 30, the gem has a total of 90 companies listed, of which 59 companies in the IPO before the venture capital, accounting for up to 65%.　　A study released by Liu Xining, an analyst with Huatai Securities, predicts that the market capitalisation of the lifted shares on November 1 is 31.6 billion yuan, accounting for a market capitalisation of 38%. "So the lifting of the original stocks, which began in November, may be the ' Quake lake ' that hangs over the gem," he said. "Liu Xining Analysis, if the restricted stock shareholders eager to reduce, will certainly have a greater impact on the stock price, gem may take this opportunity to embark on the road of value return."