Chapter 2177
10:55 am.
Song Group's stock suddenly suspended trading. Fastest update
A stock suspension means a suspension of trading.
From this moment on, Song Group's stocks are sealed and will neither rise nor fall until trading resumes.
To apply for a trading suspension to the China Securities Regulatory Commission, you must have sufficient and sufficient reasons. The reason why Song Group applied for a trading suspension is that the group has major matters that are about to be announced.
Generally speaking, listed groups will suspend trading of their stocks before announcing important matters. This is to prevent insider trading and opportunism by well-informed people.
For example, before, there was a very famous company on the Internet named Qihoo 360.
When they seek to be listed in China, they complete the domestic A-share listing through backdoor transactions.
This is the so-called backdoor listing.
To put it more simply, some of their conditions do not meet the listing requirements of the China Securities Regulatory Commission, or the normal listing channels take too long, and they cannot wait, so they achieve the goal of backdoor listing by purchasing another listed company.
360 is also considered a relatively well-known Internet company in China. The main reason why they chose to go public is to save time. If they listed independently, they would have to pay at least one or two more years of time and costs, and they would probably miss out on market opportunities.
When 360 decided to go public through a backdoor merger, all investors were speculating about which listed company 360 would use to go public.
If the target company of her backdoor transaction can be known in advance, then by buying the company's shares in advance, she can make a fortune while the stock price rises after the 360 backdoor transaction is successful.
However, this kind of thing is usually top-secret information within the company. Only the absolute top management can know it, and they will never disclose it to the outside world.
Therefore, when Jiangnan Jiajie suddenly announced that the company had major matters and needed to suspend trading, people knew that 360 was going to be listed using his shell.
But by this time, I knew it was already too late. Jiangnan Jiajie's stock had been suspended and could not be traded, so there was no chance for bargain hunting.
The current situation of the Song Group is the same.
The company is about to transition from a leaderless state to a new chairman taking over. This is definitely good news for the company, so it must be suspended first and then announced.
At 10:55, Song Group Press Hall.
The media reporters invited to the scene are already here and ready.
Stock investors across the country are also paying attention to this press conference.
Because since Wanting Song's accident until now, the stock price of Song Group has been performing poorly.
The market is worried that the Song Group will be leaderless and in chaos, which is why the Song Group's stock continues to fall.
Now, the Song Group suddenly held a press conference with great fanfare. Everyone felt that they must be preparing to announce the candidate for the new chairman.
It was at this time that Ye Chen came to the door of the press conference hall alone.
After Song Guangrong knew that he was coming, he came to the gate in advance to wait. Although he was dissatisfied with Ye Chen, he really did not dare to provoke Ye Chen at all in Jinling.
This chapter has been completed!