Venture capital to reduce the killer

(Reporter Ye Jing) The lifting of the new board, the first day but Cop-Out Rose 4.04%, the next two days to bring the power of lifting gradually appear, the corresponding listed companies to reduce the announcement also gush.　　Gem index continued to appear bald-headed light foot of the Big Yin Line, the day before the fall of 2.92%, yesterday, continue to fall 3.21%, two days the cumulative decline of more than 6%. Jiliuyongtui cash High Returns last night, the network Technology Bulletin said, the company's shareholders Shenzhen Innovation Investment Group Co., Ltd. and Shenzhen Innovation Capital Investment Co., Ltd. on November 1 each reduction of 110,000 shares and 105,000 shares, the cumulative reduction of 215,000 shares, accounting for the total capital of 0.14%. After the reduction, the two companies have accumulated network technology 76.38 million shares (are unlimited sales conditions of the circulation of shares), accounting for the company's total share capital of 4.96%. According to the relevant regulations, when the shareholder's shareholding is less than 5%, the reduction will not be announced.　　As of November 1, the closing price of the net-tech 20.4 Yuan, two venture capital companies are 4.4 million yuan, and the original shares of the company at that time, the value of which is only 5.2 yuan per share, has now doubled four.　　The two days in the Shenzhen Stock exchange of large trading platform, the gem "top 28" figure continues to appear, love Seoul Eye, Shanghai Jia Hao, robot, Jiffeng agricultural machinery, Jinya technology, Huayi Brothers, Silver shares are listed. Among them, Shanghai Jia Hao reduce the number of times, November 2 thrown 2.0973 million shares, the transaction amount of 68.6024 million yuan. Shanghai Jia Hao's previous announcement shows that the first major shareholder Liu and the second largest shareholder of Shanghai good Ship Investment development Company are committed 36 months before the lifting of the ban. Nor was there any change in executive shareholding in the Shenzhen transaction. So it is possible to sell the Shanghai purple Morning and the other 27 to apply for the lifting of the restricted shares of shareholders. The announcement shows that Shanghai Purple morning the lifting of the number of shares for 5.1408 million shares. The other 27 shareholders also share the shares between hundreds of thousands of shares. Although it is not sure who is the last person to abandon Shanghai Jia Hao, but most analysts say VCs are the most likely to hit the killer, "VCs are looking for an investment efficiency, for the two-tier market long ups and downs, VCs do not have time to wait, so timely profits to finish, became the choice."　　”。 Similarly, the eye appeared two large single, a transaction volume of 2 million shares, the transaction price of 40.87 yuan, and another volume of 380,000 shares, the transaction price of 15.542 million yuan, two transactions total thrown out 97.282 million yuan. According to the eye of the Department of Ophthalmology, the ban on the release of Fortune Eye only 3 households, in addition to the financial letter, there are natural persons Wan Wei and Lin Fangyu, but Wan Wei and Lin Fangyu only hold 1.6 million shares and 1.4 million shares, so it is impossible to throw 2 million of large single breath. In the three quarterly reports released this year, the top 10 shareholders of unlimited conditions of sale are under 2 million, the largest for the galactic silver and Thai dividend Securities investment funds, holding 1.8413 million shares, so the basic can infer that the 2 million shares for Fortune financial letter thrown. and upMorning Finance Letter originally held the cost is only 0.62 yuan, the current price is 66 times times the original cost of investment. Most VCs will leave the field yesterday, a person said: "PE is to reduce the ban, in addition to valuation factors, but also to consider many other factors." For example, some PE may have a tacit understanding with the company's major shareholders, optimistic about the management of the company, and some even verbally will promise to help after the lifting of the market value management for a period of time. But more companies take advantage of a good price to reduce quickly, in order to accelerate their own capital turnover. "He thinks that November for the gem, is likely to be the escape market, venture capital may be out of the field, the current growth of the gem more than 60 times times, and the semi-annual and three quarterly bulletin, the growth of the gem has been questioned, the valuation bubble will be stabbed sooner or later.　　The pursuit of efficiency of the VC will certainly not only pursue the wealth of paper, in a timely manner, will look for the next gold mine. PE cluster GEM According to the reporter statistics, in the first batch of 28 gem listed companies, 22 companies listed before the PE together, involving 49 PE, only le PU medical, test testing, silicon technology, Pao shares, huaxing entrepreneurship and Huayi Brothers exception. And these PE as of November 1 average yield has been as high as 8.3 times times, profit more than 4 billion yuan, so the momentum is very large.　　PE number ranked the top three network technology, Jinya technology and silver shares reached 9, 7 and 5 respectively. And the robot, Dayu Water-saving and xinning Logistics also has 3, and the first 3 are indeed in the recent big Sell-off.