Gold Group management group buys shares to boost market confidence

Last night, the securities Daily reporter visited the Shanghai Stock Exchange, "directors, supervisors, senior managers hold changes in shares of the company" data, concerned that, including chairman of the Linck Group of the company's management to buy shares, seems to be a concerted action. The Gold group Dong Xu Jiajun confirmed the news. Xu Jiajun said that the company's recent changes in individual executives, the market is somewhat worried about sentiment. In order to stabilize investors ' confidence in the company's subsequent development, the company's management agreed to take this action.　　In addition to the information currently registered on the Exchange's website, other management will be buying these two days.　　Reporter noted that the chairman of the Linck has bought the company shares 130,000 shares, "I have never before the stock market, yesterday just to open the households, the first time to buy a stock is to buy gold, now the shareholders of the gold group, I feel very honored." A director who buys 100,000 shares of a company, Huang Junchan, senior vice president, said: "While this is a concerted effort by the management of the company, the main purpose is to demonstrate firm confidence in the company, but from an ordinary investor's point of view, I do think it is a rare opportunity to invest in gold stocks." "According to public information, Gold group in the end of the first quarter of the company carrying cash 8.6 billion yuan, the term of the company's interest rate is 29%, at a relatively low level, which expires within one year of interest-bearing liabilities of 5.14 billion yuan, the maturity of a year of interest-bearing liability cash ratio of 0.6, financial structure in a good margin of Huatai Securities analysts believe that the company's current financial situation, there is no greater capital turnover pressure.　　In addition, as at the end of 2009, the total number of projects have been sold open 12.36 billion yuan, the performance of high locking factor. As for executive change, Dong Xu Jiajun also admits that executive change will certainly make investors worried about the company in the short term, but for a mature company with a standardized business process and a modern enterprise management system, stable growth depends more on the company's continuous innovation management system, strategic planning and teamwork ability　　, the current changes in individual executives will not have much impact on the company. When reporters asked Xu Jiajun whether the company's management would further increase their holdings, Xu Jiajun said the possibility would not be ruled out. Company executives collectively buy their own shares in recent times, long aviation oil transport, Nantong technology, Luxi chemical companies, such as executives are a big purchase of the company's shares, most of the weak market in order to boost investors confidence and achieved good results.