Guangzhou Changfeng Stock Exchange Today Volume trading

NetEase Finance March 24 23rd Guangzhou Auto Group announced that 9.09 Yuan/share of the price of 470 million shares to absorb the merger of Guangzhou Auto Changfeng, Guangzhou, Changfeng Stock Exchange price identified as 14.55 yuan/share. The stock exchange of the shares of each of the 1 shares can be exchanged for 1.6 shares of Guangzhou Auto Group. Guangzhou Auto Group and the exchange of shares of the plan also designed two cash options, Guangzhou Auto Group and China Machinery Group Co., Ltd. (hereinafter referred to as the "State Machinery Group") will be to declare the exercise of cash options, Guangzhou Changfeng shareholders, in accordance with Guangzhou Changfeng suspension before the 20-day trading average price 12.65 yuan　　The price of the shares to pay cash and the corresponding shares, and secondly, if the Guangzhou Auto Group A-shares on the first day of trading is less than 9.09 yuan/share of the issue, the closing date of the stock exchange after the stock investors can choose to 9.09 yuan/share of the price will be transferred to the national Machinery Group For Guangzhou Changfeng yesterday on the plate on the two sides of the battle, analysts said, the pursuit of funds are bullish on Guangzhou Changfeng after the potential gains, even if the Guangzhou GAC Changfeng stock price downturn, can also be in the final exercise of cash options for risk-free arbitrage. But most of the seller's funds take into account that although there is arbitrage space, but compared to the cost of time to pay some "outweigh the gains."　　In addition, Guangzhou Auto Group H shares closed yesterday only HK $9.15, an equivalent of 7.7 yuan/share, Guangzhou Auto Group 9.09 Yuan/share of the return price than a premium of 18%. Yesterday, Guangzhou auto Changfeng opened Low, to 15.00 yuan Open, followed by a callback, once the stock price down to 14.03 yuan. The funds seem to be fighting in exchange for price up and down, midday trading company share price breakthrough for 14.55 Yuan, the final closed to 14.49 yuan, the whole day Rose 2.99%.　　Compared to a few trading days before the company's suspension, trading volume significantly enlarged yesterday. Affected by this message, Guangzhou Changfeng 24th early in the morning plate after the rapid lifting, afternoon trading. The closing price is 15.94 yuan and the transaction is 540 million yuan. Responsible Editor: NF018