Finance Sina homepage > Finance and Economics > listed company > Guangzhou Holdings, the pilot of the wave of share reform series> text
 

Protector finally failed. Yesterday, G Guangkong had no choice but to fall below the commitment price


http://finance.sina.com.cn 09:13, August 26, 2005 Shanghai Youth Daily

Protector

News from our newspaper (reporter Xie Lujin) In the last trading hour yesterday( information quotation forum )(600098) The closing price fell below the increase price of 4.35 yuan promised by the controlling shareholder of the company.

according to

Non tradable shares In the reform plan, Guangdong Development Group Co., Ltd., the controlling shareholder of G Guangzhou Holdings, promised to use 1 billion yuan to support the share reform of G Guangzhou Holdings. On August 22, 2005, the shareholder used 656.66 million yuan to increase the holding of 1514.3 million shares of G Guangzhou Holdings. At the same time, the shareholder promised that the date of re implementing the increase of the company's outstanding shares would be August 25, until the company's share price was no less than per share
435 yuan or 1 billion yuan has been used up. Yesterday's transaction distribution map of G Guangkong showed that the key price of 4.35 yuan was clearly the focus of the competition for long and short positions yesterday: G Guangkong completed a total of 718366 transactions at this price, accounting for 74.98% of the total transactions throughout the day. As G Guangzhou Holdings closed below 4.35 yuan, it can be inferred that the "protection" funds of its controlling shareholders may be basically "exhausted".

Judging from yesterday's market trend, it was quite surprising that G Guangkong was "dropped" yesterday. Yesterday, after opening at a high price of 4.35 yuan, G Guangkong fluctuated in a narrow area between 4.35 yuan and 4.37 yuan, and the transaction was relatively normal. But at 13:50, under the pressure of a 692.42 million selling order, the stock price "dropped" to 4.22 yuan in just 15 minutes. Although the stock price of G Guangzhou Holdings rebounded at the end of the day, its closing price was still 1.15% lower than before. 95.77% of the trading volume of the day was above the holding price of 4.35 yuan, which was increased by the controlling shareholder.

It is understood that there are two reasons for the above situation: first, the recent adjustment of the G plate has affected the trend of G Guangkong. Secondly, compared with the price before ex right, the "old shareholders" of G Guangkong still have a book profit margin of 4%, so investors have a certain impulse to "cash out".


Sina statement: The content of this article is purely the author's personal view, only for investors' reference, and does not constitute investment advice. Investors operate accordingly at their own risk.

Love Ask (iAsk. com)


comment 】【 On shares and gold 】【 Favorite this page 】【 Watch stocks from time to time 】【 large in Small 】【 Watch news in various ways 】【 Print 】【 close


Comment board of Sina.com financial vertical and horizontal netizens Tel.: 010-82628888-5174 Welcome to criticize and correct

Sina Profile | About Sina | Advertising services | contact us | recruitment information | Website lawyer | SINA English | Member registration | Product Q&A

Copyright © 1996 - 2005 SINA Inc. All Rights Reserved

copyright Sina.com

Beijing Communication Company provides network bandwidth