Chapter 1443 [The implementation of new delisting regulations is confirmed]
Big A investors are not surprised by this. Investors have long felt that it is natural for the SGX market to be stronger than the two neighboring cities, and it is unreasonable not to be stronger than the two neighboring cities.
After the market closed today, the popularity index of Xingyu Technology's stock remained high. Although the stock did not hit the daily limit today, it still closed up by 8.79%. The stock price closed at 48.50 yuan, and the market value soared to 13.35 yuan.
trillion, reaching a record high.
The trading volume of this stock today also hit a huge 172.2 billion, which directly exceeded the trading volume of the entire Shanghai stock market. The trading volume of the Shanghai stock market next door today was 162.5 billion, which shocked countless investors.
At this moment, the market has closed, but the comment area of Xingyu Technology's stock forum is still very lively, and the screen is filled with all kinds of worship.
[Good guy, another record high...]
[Holding this vote is really living in fear of rising prices. The market value is 13.35 trillion, which is equivalent to about 11% of last year’s GDP.]
[Converted to US dollars, it is about 1.92 trillion. It seems that the first stock in history with a market value exceeding US$2 trillion is still Xingyu Technology. If it were not for the depreciation of the exchange rate, it would have exceeded US$2 trillion.]
[It’s really hard to understand the depreciation of the RMB exchange rate. Foreign capital is pouring in violently, but the foreign exchange market is not strengthening.]
[This company is really scary, with a market capitalization of 13.35 trillion. I just took a look at the P/E ratio and it’s only 37 times. I remember it soared to 80 times last year. At that time, the market capitalization was not even 10 trillion. Now.
The market capitalization hit a record high and the price-to-earnings ratio more than halved...]
[I can only say that Xingyu Technology is so terrifying!]
[It is normal for the price-to-earnings ratio to drop. Last year, Xingyu Technology MIX was a big hit, and the STAR5 smartphone king returned. Two big and small kings came out, and the performance doubled and soared.]
[According to April’s annual report data, Xingyu Technology’s net profit reached an astonishing 360 billion yuan. This is a net profit, and its revenue reached a terrifying 1.632 trillion yuan.]
[The STAR6 mobile phone and MIX2 headset released last month are also selling well.]
[I’m really looking forward to Xingyu Technology’s new energy vehicle. It’s probably going to be another big hit. I’ve been holding back for so many years and it’s definitely going to be a big hit!]
[As a newbie, I want to ask, does anyone know what happened from February to March 2013? How could Xingyu Technology’s stock price hit the limit for 18 consecutive days at that time? Or did it fall to the one-word limit for 17 consecutive days.]
[Don’t know this? It seems like a newbie.]
[To put it simply, it is K God’s directional blasting harvest of Wall Street capital. Not only Xingyu Technology, but also the Galaxy concept stocks listed at that time all hit the limit for 18 consecutive days. If you want to know more, go search online...]
[When I talk about this incident, my dead memory comes back to life. At that time, the price exploded to 1.14 yuan, and I risked my life to get in when the price reached the limit that day. After that, I went straight to the nine-game board, but I only got 36 points and left.
At that time, the selling price was so high that it broke my thigh, and now I saw 48.50 yuan and my thigh was even more broken. It would be great if I had held it until now...]
[There are only two possibilities to get it at the price of 1.14 yuan. One is to go in and use the sewing machine, and the other is to forget the stock account password.]
[Those who cut off their meat at the price of 1.14 yuan really broke their thighs.]
…
In the comment area of the stock forum, among the investors who participated in the discussion, there was a hot post that gradually turned on the memory-killing mode, and the comments on the screen were full of emotions.
Xingyu Technology landed on the A-share market in December 2012. It has been six and a half years since its listing. The issue price was 2.54 yuan per share. At that time, it landed in the big A market with a giant valuation of 700 billion.
As of today's latest closing price, the cumulative increase has reached 1,809%, an increase of 18 times in just six and a half years with a market capitalization of 700 billion.
In the year when Xingyu Technology was listed, no one except Fang Hong would have dared to think that the company would reach a height of over 13 trillion in more than six years. Even Qin Feng would not have dared to think about it.
.
During the period in February 2013, Xingyu Technology fell to the limit for 18 consecutive days. Counting the floor and ceiling after that, it should have broken the limit for 19 consecutive days. The stock price fell all the way to 1.14 yuan, with a market capitalization of
Sales fell to 313.9 billion.
Today, the market value of Xingyu Technology has soared to 13.35 trillion. The lowest market value more than six years ago was even less than a fraction of the decimal point of the current market value.
Many old investors who came from that time were filled with emotion when they saw the stock's historical low price of 1.14 yuan, and then looked at the current closing price of 48.50 yuan. They felt incredible and dreamlike.
If calculated based on the lowest price in history, if someone buys the stock at the low price of 1.14 yuan and holds it till now, it will bring him a 4154% return on investment.
What is even more amazing is that the return on investment of the listed subsidiaries of Qunxingxing is, without exception, quite astonishing. Ten-fold stocks are everywhere, and groups such as Xingyu Technology, Matrix Quantum, Jiuzhou Blue Arrow, and Yixing Video
The star-level corporate giants inside have a return on investment of dozens or even hundreds of times.
It can be said that in the past ten years, anyone who has bet on Galaxy in the primary market has made a lot of money without exception. In the secondary market, in the past five years, anyone who has invested in a listed company of Galaxy has also made a lot of money.
Make money.
…
Xincheng, Jingxinju Villa.
Fang Hong is reading several documents and reports at the moment. One is a document on the new delisting regulations. It has now been finalized. The new regulations will be officially implemented on Monday, July 1st.
The 1,676 listed companies currently listed on the SGX market are required to sign a supplementary agreement. Because this new regulation is to be implemented, it is difficult to hold accountable the existing legal provisions, but there is no way, and it is not necessary.
Go to war against the law.
This chapter is not over yet, please click on the next page to continue reading! Just follow the contract law and you are done. This is legally enforceable, and this is the case with agreement supplements.
After the new regulations are implemented, all companies registered and listed on the SGX Market will have to sign this agreement. Companies already listed on the SGX Market will also need to sign a supplementary agreement. Listed companies can also refuse to sign the agreement, but they will not sign the agreement.
Many companies were forced to delist on the grounds that they did not comply with the new regulations.
Given choices, but not many.
Either sign or quit, there is no third option.
"Of the 1,676 listed companies, 1,661 are willing to sign, and these 15 refuse to sign?" Fang Hong said and looked at Tian Jiayi. When the latter nodded, Fang Hong looked at the materials again and said to himself: "
Among them, 9 are in ST status, including 3 with *ST, and the other 6 have not been ST yet..."
The SGX market has been open for more than three years. Among the 1,676 listed companies, a total of 13 stocks have been ST-listed. Among them, 5 ST stocks have been "decapitated" successively, including those that were "sacrificially sacrificed" at the beginning.
WeChat has also been out of service for a long time.
However, no company has been delisted from the SGX market so far.
There are currently 9 listed companies in ST status, and they are also the 9 companies that have been refused to sign the supplementary agreement. These listed companies are not the batch of 2016. The batch of companies listed in 2016 were all carefully controlled by Fang Hong, and there are currently no problems.
.
After a moment, Fang Hong nodded: "The proportion of problem companies is less than 1%, and the control of the defective rate is still very good."
All registered and listed companies have no problems at all. This is obviously unrealistic. Fang Hong also allows the review team to make mistakes. As long as there are no violations or insider operations, it is normal to have some defective rates.
Finally, Fang Hong made a decisive decision: "Since these 15 companies refused to sign the supplementary agreement, there is nothing to say. Let these 15 companies become the first batch of companies to be forced to delist since the opening of the SGX. The new regulations will be implemented soon."
