St-V-ti was dumped in Thursday by a large deal 13 million shares fell more than 4% today

NetEase Finance December 24 St Vanadium titanium restructuring plan announced since the 5 consecutive trading, began to decline in volume, today St Vanadium titanium Low drive down, the plate at once fell, closing the closing report 10.9 yuan, a decrease of 4.22%. St-V-ti has been sold continuously on the bulk trading platform after its stock price has been priced at more than two cash options. Yesterday, the Shenzhen Stock exchange of large trading platform data show that *st vanadium and titanium again by two large volume reduction, respectively, 12 million shares and 1 million shares, the reduction price is 10.99 yuan/share, compared to *st vanadium titanium before (22nd) closing discount of 4.6%,　　More than two times the right to cash option is 0.44 yuan per share. According to *st Vanadium Titanium April 27, 2009 released the second cash option distribution announcement, *ST vanadium and titanium will be the first time does not exercise the right to cash choice of Pangang steel vanadium shareholders of the right to add a cash option, the right time between April 25, 2011 to April 29, 2011, the right price of 10.55 yuan　　Unit。　　Due to the existence of two cash options, investors who bought *st of vanadium and titanium before April 27, 2009 have been dormant waiting for them to carry out risk-free arbitrage for two of their cash options, and if they do not exercise their cash options, the upside is also tempting. In the first day of the stock price exceeding the right price (December 21), *st vanadium and titanium bulk trading was reduced by 3 million shares, the transaction price of 10.67 yuan/share, the same date *st vanadium and titanium to limit the board to close to 10.97 yuan/share. Combined with yesterday's 13 million-share deal, *st-vanadium-titanium shareholders have already set a total of 174.88 million yuan on a large deal.　　It is 5 months ahead of its cash option and locks the proceeds ahead of schedule. However, it is worth mentioning that the recent three reduction in bulk transactions of *st vanadium and titanium are from the Capital Securities Co., Ltd. Beijing Zhong Guan Village South Street, one of the sales department, and 1 million of the list is an institutional seat.