The big shareholder "tricks the game" to smash the Rainbow Shares in the plate

A crisis of confidence may have detonated the Rainbow Stakes (600707).　　SH) plunged. On the morning of October 14, a person close to the Rainbow shares said to reporters: "Rainbow shares large shareholder parent company to participate in the issue, the majority shareholder side reduction of the practice has let the agency cast a vote of no confidence." In the day, Rainbow shares fell to a halt, closing a 9.41% plunge.　　and the public information of the exchange shows that the Rainbow shares sold in the top five seats in the organization accounted for two seats, and one seat is the National Credit Securities Co., Ltd. Customer Asset Management department, the other two seats are Guotai Shanghai Jiangsu Road and Nanjing Securities Zhangjiagang pedestrian Street sales department. Facing the market with the foot vote, a southern electronics equipment industry analyst told reporters: "This result will probably make a bunch of industry analysts depressed it, we are very optimistic about the fundamentals of the company." "High position is Rainbow shares big shareholder What is the drug in the gourd?"　　The story has to start with the directional issue of additional July this year.　　July 30, Rainbow shares to 11.25 yuan per share of the successful, raise capital 3.5 billion yuan, the fund to Shaanxi Rainbow Electronic Glass Co., Ltd. (hereinafter referred to as "electronic Glass Company") to increase capital, the main development project is high generation TFT-LCD glass substrate.　　The glass substrate project has been the most eye-catching new business for Rainbow Shares, at present, electronic glass Company in Xianyang, Zhangjiagang, Hefei has 13 production lines, of which Xianyang one has been volume production, its yield rate in 70%, in addition to the construction of Xianyang two, Zhangjiagang, Hefei glass substrate production line project, at the end of September ignition trial production. In the situation of a good situation, Rainbow shares large shareholder rainbow Electronics chose to reduce stocks. The company announced: "Rainbow Electronics from August 19, 2010 to September 29 through the Shanghai Stock Exchange bidding trading system to reduce the company's unlimited sales conditions of the 7310970 shares, minus the shares accounted for the total number of companies 1%. "Rainbow Electronic reduction is completed, Rainbow Group (large shareholder of Rainbow Electronics, the actual control of Rainbow shares) and can not wait to put the newly-acquired shares to pledge, its announcement content is:" It will hold the company's limited sales conditions of the circulation of 44.4444 million shares (accounting for the company's total share capital of 6.03% ) pledged to the China Construction Bank Co., Ltd. Xianyang Rainbow Sub-branch, the pledge period from September 27, 2010 until the quality of the application to thaw. "All this may make the big shareholder short of money dilemma at a glance, but the reason has been confusing."　　The company's rhetoric stays on the glass substrate research and development investment. From the pocket to participate in another electronics industry analyst told reporters: "Because the rainbow shares of the glass substrate is the first glass substrate production line, we really do not understand this thing." In order to create additional success, Rainbow group out of 1 billion to take the lead, the next issue of the issue of additional objects are followed up. "The 1 billion money the Rainbow Group has to pay out of its own pocket could be a stopgap. "There are other businesses in the Rainbow Group--PV Glass," said the southern analyst.Glass, so the capital chain is very tight, take out 1 billion yuan, the natural to find ways to fill back. "Great Wall securities electronics industry analyst Yue Majestic also expressed the same view:" Main assets too much, CRT basically has not. "Although the glass base of the rainbow shares is indeed the first in the country, the" only "story quickly" says "no move. "At present gem A (000413.SZ) is also engaged in the glass substrate." The above people told the reporter. In June this year, the asset reorganization between Gem a major shareholder and Hebei Dong Xu Investment group has come to an end, and Hebei Dong-dong has officially become two shareholder of Gem Group.　　And Hebei Dong Dong's main is LCD glass substrate, currently in Chengdu, Zhengzhou have production lines, its in Hebei also has LCD glass substrate project. The most imaginative project is about to lose its scarcity, what does this mean for the rainbow shares? "In the case of gem A and the rainbow, the flat-panel algebra of the substrate services is not the same and cannot be compared equally," said the southern analyst. In fact, whether gem A or rainbow shares, ultimately determine the benefits of the market demand. Domestic production technology to be upgraded, such as the Rainbow shares of the first phase of good product rate of 70%, while the foreign 80%. Although the second phase has been ignited, but the sample came out after a month to be certified.　　"The organization uses the foot to vote Rainbow shares the actual control person to invest 1 billion yuan then the big shareholder reduce the stock to cause some organizations to begin to vote with the foot, yesterday Rainbow shares plunge is one performance."　　Two of the top five seats sold yesterday were institutional seats, and one was the customer Asset Management Department of the National Securities Company Limited, which was in the tens of millions of dollars. "The actual control person 11.25 yuan increased the stock, the big shareholder changes hands to sell the stock in the high position, this is the typical low buys high sell." The holding status is still, the funds used to go out and then come back, who will pay for this?　　said the source. Reporters from the above several analysts also received a similar statement: Some agencies may buy Rainbow shares near 17 yuan, their average cost is around 18 yuan. And the reporter looked at the period from August 19 to September 29, Rainbow shares weighted average price of 18.84 yuan/share, institutions may be to help large shareholders to take the stock.