Vanke shares rose in a comic way
Morning News (reporter Gao Xiang) Vanke A Yesterday's comedic rise, however, directly led to the tragedy of 2.14 billion Vanke put warrants, which were completely "worthless" in theory. As the overall situation was settled, speculators were calm in the last trading day yesterday.
As the price of Vanke's regular shares rose to 6.79 yuan yesterday, those warrant holders who expected Vanke's share price to plummet to 3.638 yuan on September 4 were completely desperate, because only when they exercised at the price of 3.638 yuan, Vanke put warrants would be valuable.
On the last trading day, the speculators compared the warrants of Baosteel last week ( information quotation forum ) It was obviously calmer at the end. Knowing that he was going to die, the speculative atmosphere was greatly reduced. After the first transaction of 0.001 yuan at 2:37 p.m., the market performance was also very normal, and the final closing price was 0.001 yuan, which could not be lower. However, even this small amount of money is disastrous for those who fail to ship. The relevant assets shown in his capital account will be cleared today.
The biggest beneficiary is Vanke's non tradable shareholder China Resources Group. A year ago, due to the complex equity structure of Vanke, China Resources Group negotiated several times with the fund in the share reform, and finally passed the reform by relying on the consideration compensation scheme of "8 put warrants for every 10 shares". Now it seems that China Resources Group is totally a "zero cost" share reform compared with other listed companies that pay stock or cash consideration.
