Three questions about the "second smashing gate" of the Yangtze River Securities issuance
Source: Internet
Author: User
KeywordsChangjiang Securities SEC smash door
Question one: 20 days before the issuance of shares suspected of "manipulation"? In the Yangtze River Securities prospectus announced 20 trading days before the stock price has been between 10-11 yuan/share, and in the 20 trading days before the announcement, the Yangtze River securities quickly from 10.5 yuan/stock rose to the highest 13.92 yuan/share, or even a continuous two-day cumulative gain of 16%. And on 3rd, the last trading session before the end of the transaction data into the matchmaking transaction within 3 minutes, the shares encounter "seconds to kill", the price of collapsed 6%, from the announced three minutes of turnover, turnover up to 88554 hands, the transaction amount in accordance with the closing price calculated more than 106 million yuan. There are doubts that the company's stock price abnormal fluctuations may be suspected of "manipulation." "The stock market has climbed steadily recently, during this period of stock rally, the Yangtze River Securities in securities companies have historically low valuation level, it is likely to be optimistic, many institutional investors have also gradually changed the last year, the securities brokerage stocks more bearish view", the main underwriter Oriental Securities Assistant President, investment banking business Headquarters, managing Director, Investment banking director Ma Yi that. Ma Yi pointed out that as last year to run the market, the securities brokerage plate, the recent fundamentals have some good changes. Question two: Who is the mysterious "smashing the disc"? March 3, the Yangtze River Securities closed by 8.85 million shares of the Sell-off, so that the stock price in a short period of time to fall to the following, 8.85 million stocks "hit the plate" who is the department, the purpose of what? "We are looking forward to a detailed investigation into the 8.85 million-share Sell-off, which is the subject of individual investors, the specifics and the motives of the investors," Ma Yi, an eastern securities explanation. Ma Yi said that as underwriters will carefully summarize their own in the implementation of this issue gained experience and lessons, and timely reflection and suggestions to the regulatory body. Question three: How will the underwriting shares be handled? According to the announcement, the Oriental Securities signed additional agreements for the remaining underwriting. Oriental Securities How to deal with the underwriting shares, but also particularly interesting. There is a view that Oriental securities are forced to underwrite large amounts or may affect the company's listing process, and the main underwriter of Oriental Securities held 110 million shares, will be among the top ten shareholders of the Yangtze Securities. "will be in the Yangtze River Securities to consider the interests of the vast majority of shareholders and maintain the stability of the company market value, under the circumstances in the two-tier market timing reduce the underwriting held in the Yangtze River Securities stocks," Oriental securities Ma Yi to give a clear answer to this question. A securities person in Wuhan said, underwriting also not necessarily will lose money, sometimes will make money, such as the first to do high stock prices, and then reduce, like Haitong securities last underwriting the Pudong construction of additional money earned more. (Reporter Shonengong)
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