On Monday morning, the mood of stock investors was divided into two levels. Most felt that the dark clouds in the sky had dispersed, the bright sunshine was shining on the earth, and the prices of the stocks they purchased had risen sharply.
However, there are also a few investors who are feeling cold. Through surprise audits in the past few days, a total of 17 companies have found problems with the financial statements they released to the outside world.
These ten stocks were in the opposite direction to the broader market today. In less than an hour, they fell by 20%.
This is not over yet. At 10:30 in the morning, the Far East Exchange issued an announcement. In order to safeguard the interests of the majority of shareholders, Shixin Building Materials and Yuen Long Plastics have issued an emergency suspension. Trading will not be resumed until the real financial statements of the two major companies are released.
This is definitely a historical precedent. The intraday suspension of individual stocks has never happened before in the Hong Kong stock market. Investors have mixed reactions to this, especially those who came in to take over the order today.
The stockholders of these two companies are very familiar with it and have a close relationship with Donghuahui Enterprises. They came in today and wanted to block it to see if Donghuahui could save these two companies.
Unexpectedly, what awaited them was not the resumption of trading by Donghua Club, but the suspension of trading on the Far East Exchange. Even though the announcement stated that trading would be resumed after the real financial statements of the two major companies were released, these people still felt regretful.
They just wanted to play short-term and wait for Donghua to raise the stock price before selling. They didn't expect to become long-term shareholders now.
Compared with the shareholders of these two companies, more than a dozen other companies were even worse. As soon as the news of the suspension of trading of the two companies came out, investors were afraid that the United Exchange and the Kowloon Exchange would also suspend trading of these companies, so they sold their stocks one after another.
As a result, the stock prices of these companies have plummeted, and even those who are powerful and willing to save the situation are powerless at this time.
One of the initiators was arranging matters in the Xinjian Investment Department of Wheelock Building. Although there were some problems with the financial disclosures of more than ten listed companies, he still had his eye on several companies and won them.
The home is a great addition to the Xinjian system.
Affected by the suspension of trading of Shixin Building Materials and Yuen Long Plastics, except for major shareholders, it is impossible for retail investors or investment institutions to hold shares in these companies.
At eleven o'clock, Li Jianhui gave an order, and the staff of Xinjian Investment Department became busy. Phone calls continued to be made. In the halls of the United Exchange and Kowloon Exchange, Xinjian Investment's major trading seats were also busy.
Operating.
Due to the low penetration rate of technology and home computers, the three major exchanges in Hong Kong currently have a local area network within the exchange, which allows the use of computer transactions. Trading cannot be carried out outside the exchange. Therefore, major investment companies now have
Several major exchange halls have trading seats.
Compared with the past, when there was no computer trading market and traders were required to write down the stock code and price on the board, it is much more convenient now.
Moreover, the current exposure risk is lower than a few years ago. The Xinjian department's scanning operations can only be seen through the backend terminals of the two major exchanges, and these securities institutions in the hall seats are not aware of it.
Wu Guangzheng, chairman of the Kowloon Exchange, was discussing with the exchange management whether he should follow the example of the Far East Exchange and suspend trading of five companies with financial problems, when he heard a knock on the door.
"Please come in."
Du Xingming, the terminal manager, walked in and said: "Wu Sheng, our backend terminal found that the seats 006,007,008,095,096,097,236,237,238,467,468,534,535,647,691 in the backend terminal are quickly acquiring the stocks of Yihui Electronics Company, Jiarui Electric Company, and Jiali Furniture Company."
Everyone present is the management of the exchange, and they are probably aware of the forces represented by the trading seats. 006,007,008 is East Asia Securities, 0095,096,097 is Daoheng Securities, and the others are Xinjian Securities, Yongan Securities, Xinhui Securities, and Guanghua
Securities, Haojiang Securities.
Wu Guangzheng usually focuses his energy on Wharf and is not very familiar with this aspect. Huang Zhongqin, vice chairman of the exchange, immediately explained to him the power represented by these seats.
At this time, he still didn't understand that the suspension of trading of Shixin Building Materials and Yuen Long Plastics was not to protect the interests of shareholders, but was more aimed at these companies.
Normally, these companies would not have much of a problem, but these companies have fallen by nearly 50% in the past few days, and their market value has been cut in half. Both retail investors and institutions are now competing to see who can run faster. At this time, Donghua will come in to buy the bottom.
, it is entirely possible to swallow up these companies.
And because multiple institutions are acting at the same time, it is unlikely to trigger the 35% compulsory acquisition red line.
At this time, it's up to the people behind the companies to take care of it. If they don't, they will no longer own the companies in a day or two.
Speaking of which, this Tung Wah meeting is a bit unreasonable. The controllers of these three companies have good relations with the three major consortiums behind the Kowloon Exchange. Otherwise, these three companies would not stay in the Kowloon Exchange.
In particular, Jiarui Electric Co., Ltd. has had very good cooperation with the mainland for more than a year. It is also a probationary member of the Xianghua Association. If nothing unexpected happens, it will become a formal member of the Xianghua Association at the annual meeting of the Xianghua Association next month.
Facing the Tung Wah Association, Wu Guangzheng did not dare to make the decision on his own. He asked the management to wait while he hurried back to the office and called the charter king at Global Shipping Headquarters to ask how to handle the matter.
After listening to the son-in-law's report, the chartering king sighed deeply in his heart. He actually knew very well that it was impossible for several major financial groups to coexist peacefully. Although the parties had reached some consensus before, it was impossible to completely eliminate the disputes between the parties.
Especially now that there are many internal problems in the joint camp, Hang Lung has suffered heavy losses, HSBC has suffered heavy losses due to Hang Seng, Jardine and Swire are shrinking and only want to protect themselves, and Standard Chartered's focus has also shifted away from Hong Kong.
As a result, the four Chinese-funded consortiums faced little pressure from the joint camp. At this time, the parties obviously would not be too complacent. What the charter king did not expect was that Donghua would take action so early.
Moreover, he directly targeted Xianghua Club as soon as he arrived. It seems that Li Jianhui will regard him, Cao Guangbiao, Hu Yinxiang and others as his opponents for some time to come.
Although I don’t understand that Li Jianhui did not choose Feng Jingxi, Li Zhaoji, Guo Desheng and others from the Huaxin Association, which is strong and backed by the California consortium, nor did he choose Zheng Yutong, Qiu Degen and others from the New Asia Association supported by the two major consortiums, BNP Paribas and Deutsche Bank.
, and set the target on them.
However, the chartered ship king had no intention of giving in. He ordered Wu Guangzheng on the phone to learn from the practices of the Far East Exchange and directly suspend the trading of the five listed companies in question during the market break at noon.
After hanging up the phone with Wu Guangzheng, the Charter King immediately contacted all members and preliminary members of the Xianghua Club.
Facing the powerful and menacing Donghua Society, they must be mentally prepared.
The chartered ship king is now a treasure trove. When he was young, he could compete with the shipping kings of Hong Kong and even the world and sit on the throne of the world's number one shipping king. He is now confident that he can lead the Heung Wah Club to occupy a place in Hong Kong.
Whether it was the previous United Camp, the current Donghua Association, or even the Huaxin Association and the New Asia Association, he was not afraid at all.
Moreover, he believes that the Xianghua Society is the one with the greatest advantage among the major consortiums. As long as the mainland develops rapidly, the strength of the Xianghua Society will also grow rapidly.
In terms of relations with the mainland, their Xianghua Association has an advantage over any consortium in Hong Kong, and their cooperation with the mainland is also closer.
However, the charter king did not know that it was precisely because of this advantage that the Donghua Society was eager to take action against the Xianghua Society.
Xiangjiang is so big, and the Donghua Association does not want a force to compete with them, especially since the Xianghua Consortium also has good strength in manufacturing, which is what the Donghua Association does not want to see.
Regardless of Huaxin or Xinya, these two main businesses do not have much strength in finance, real estate, media, and manufacturing. Will Donghua take it too seriously? Only Xianghua will probably