Foshan Lighting Buddha-Plastic shares discovered "crisis arbitrage"

Like "Buddha" shine, in recent days, from Guangdong Foshan two listed companies-Foshan Lighting (000541.SZ) and the Buddha-plastic shares (000973.　　SZ)--in the two-tier market out of a near-unanimous and independent markets, August 23, the two companies at the same time limit, which became a a-share market a unique "landscape." However, the difference is that, according to the public information of the exchange, August 20 and August 23, Foshan lighting sales of the top five of the agency seats sold 113 million yuan, did not buy, but the Buddha-plastic shares in the company on August 23 to buy 22.02 million yuan.　　Why has the company been brave to take the stake after the stock rose more than 30%?　　For Foshan lighting, from August 20 and August 23 two days of trading seats comparison, the hot money speculation and shipping signs are very obvious, the previous trading day to buy the sales department, the first day of trading has become sold sales department. "In the recent circle there is a new reference to this phenomenon called ' crisis arbitrage '," said the Foshan lighting and the Buddha-plastic shares of the situation, of course, the strict meaning of arbitrage refers to the purchase of undervalued assets, while selling overvalued assets.　　A private sector in Beijing said that the past, including Guizhou Maotai (600519.SH) and Wuliangye (000858.SZ), including many of the quality of the listed companies have been this situation.　　However, there are also market people put forward different views, Foshan lighting and the Buddha-plastic shares and Guizhou Maotai and Wu Liang ye such a white horse, after the two years after the market has been validated white horse, and Foshan lighting and Buddha-plastic shares of the performance prospects are confusing. Crisis August 13, Foshan lighting A simple announcement has aroused great concern in the market. The company said, "Recently, Foshan lighting Chairman Zhangjianyi, the Secretary of the Board of Directors Jiang Jianping, received the China Securities Regulatory Commission of the Guangdong Bureau of Investigation notice issued," because of "suspected violation of securities laws and regulations", China Securities Regulatory Commission, the Guangdong Office of the SEC decided to file an investigation.　　"Although Foshan lighting in the bulletin did not clearly point out that the two executives were investigated for what reason, and, so far, there is no public statement, but, according to media speculation, the investigation may be due to the August 2009 Zhuang Resolute Large-scale purchase of Guangdong Lighting B (200541.SZ) of the stock and triggered. It is understood that the reporter from the Shenzhen stock of the integrity of the disclosure of documents to learn, in the two days of August 25 and 31st last year, the firm determined to buy about HK $4.85 respectively from the two-tier market for 20,000 shares and 60,000 shares of Guangdong Lighting B, respectively, at a HK $5 per share and a share price of HK $400,000. On September 10, Foshan lighting was suspended to wait for a major impact on the share price information disclosure. The next day, Foshan lighting, and bulletin Board resolution, Foshan Lighting will officially enter the new energy field. According to the reporter's statistics, from September 1 to September 9, Yue Lighting B Rose14.08%.　　The two executives were investigated by the news, Foshan lighting on August 13, the opening of the panic selling, the share price close to the fall.　　The same situation occurred in the same place as Foshan lighting with the Buddha-plastic shares. On the evening of August 10, CCTV economic channel broadcast "How to change the garbage tableware" report, August 11, 2010, Guangzhou Daily also published the "CCTV Exposure: Buddha plastic with foreign garbage to make dinner box" article, and was reproduced in a number of media, the report said " Sun Hung Kai Branch of the illegal use of waste production of foam box, a monthly output of up to 1000 tons, that is, about 200 million per month production of such a one-time foam plastic tableware.　　"Affected by this news, the August 11 day, the Buddha-plastic shares fell 1%, August 12 fell 4.75%, the lowest on the August 13 to 7.28%.　　Who's hype? However, the reversal of the Buddha-plastic shares just appeared on August 13, although the lowest fell to 7.28% on the day, but to close, the actual decline is only 2.04%.　　After that, the continuous rise of the Buddha-plastic shares will not be accepted. August 12, the company in a clarification notice on the recognition, "the company shares 70%, by the Sun Hung Kai Branch management of Sino-Foreign Cooperative Enterprises Foshan Hong Hua Polyester Chip Co. The workshop related equipment and products were Foshan by the quality and Technical Supervision Bureau of the seizure on August 10, 2010. "It is worth noting that the fall of the Buddha-plastic shares began on August 10." On the same day, the stock of the uncharacteristically at the time of the opening, and soon after, to close 3.14%.　　This has to be doubted whether the information the company has been penalized by local authorities has been known to some investors in advance.　　According to reporter statistics, from August 13 onwards, to August 23, Buddha-Plastic shares rose to 24.61%. The transformation of the Buddha-plastic stock is being planned as an excuse for speculation, the company said, "This incident more determined the company to promote the industrial transformation and upgrading of the determination, the company will be in accordance with the established industry high-end development strategy to promote industrial upgrading, accelerate to new energy, materials and other High-tech, high value-added products in the field of development."　　However, the transformation of the Buddha-plastic shares is still a distant dream. Coincidentally, Foshan lighting reversal also appeared on August 13, the same day, although the stock price for a while to 7.28%, but soon began to rebound, to close, Foshan lighting fell 4.1%.　　From August 13 to August 23, Foshan lighting rose to 33.77%, of which two trading. In the second quarter, China's Advantage Growth Fund to take a large number of positions and 36.148 million shares in the top ten circulating shareholders second. At the end of the quarter, 6 institutions held 50.8985 million shares, at the end of the two quarter, the same 6 institutions, the shareholding has increased to 80.9618 million shares. At the same time, together with the agency, the company, according to a semi-annual report, this yearSix months, Foshan lighting a total of 25 batches of reception 68 institutions of investigation.　　However, all kinds of signs that the hype Foshan lighting is not an institution, but the hot money, and, the hot money is shipping, and institutions also take this opportunity to throw a part of the stock. August 20, the top five buyers are: CITIC Investment Securities Co., Ltd. Wuhan City North Road Securities Business Department, Qilu Securities Co., Ltd Beijing Chao Wai Street Securities Business Department, Shun Shin Securities Co., Ltd. Beijing Yuanda Road Securities Business Department, CITIC Securities Co., Ltd. Shanghai Huaihai Road Securities Sales Department, China Merchants Securities Co., Ltd. Shenzhen nanshan South Oil Road Securities Business Department. And August 23, the top five sold, Citic Investment Securities Co., Ltd. Wuhan City North Road Securities Sales department Second, China Merchants Securities Co., Ltd Shenzhen nanshan South Oil Avenue Securities Business Department third, the Securities and Securities Co., Ltd. Beijing Yuanda Road Security Business Department ranked fourth.