China Fund News Jinan
In the morning of the green market, another stock crashed, but the performance of new stocks was surprising. One sign of abandoned new stocks can earn 28,000. The popular Yuanverse stock collapsed and plummeted; Evergrande , which cleared its position, Hengteng Network , soared nearly 30% during the session.
closed in the morning, all major indexes were in the green, Shanghai Composite Index fell slightly by 0.13%, Shenzhen Component Index fell by 0.4%, GEM Index fell by 0.35%, Science and Technology Innovation 50 Index fell by 0.38%, the turnover of the two cities was 704.1 billion yuan , stocks 1777 rose and 2625 fell.
In the morning, Beishang funds significantly reduced their holdings, with a net sale of 4.8 billion yuan.
cashed out about 2.1 billion Hong Kong dollars
Evergrande discounted 24% and cleared Hengteng
This morning, China Evergrande announced that it would sell about 18% of Hengteng Network (00136) shares for a total consideration of about 2.128 billion Hong Kong dollars. The sale price is The price is HK$1.28 per share, a discount of 24.26% from yesterday's closing price. After the transaction is completed, Evergrande will no longer hold any shares in Hengteng.
In early trading, Hengteng Network once soared by more than 28%. Hengteng Network’s market value is approximately HK$20 billion.
China Evergrande fell more than 2% in the session.
The announcement shows that Hengteng and its subsidiaries are mainly engaged in film and television program production and distribution, online streaming media platform business, Internet community services and related businesses, manufacturing and sales of photographic and electronic product accessories, and investment and trading of securities. As of June 30, 2020, Hengteng's net asset value was approximately RMB 1.993 billion. The buyer of this transaction, United Resources Investment Holdings Co., Ltd., is a limited company registered in Hong Kong, and its ultimate beneficial owner is Li Shaoyu.
The announcement shows that the transaction is calculated based on the difference between the consideration and the book value of the sales shares as of June 30, 2021. China Evergrande is expected to incur a loss of approximately HK$8.5 billion from the transaction.
China Evergrande stated that the proceeds from this transaction are recommended to be used as the company’s general working capital to help the company improve its liquidity problems.
Flash crashes occurred in many stocks
Frequent fell to the limit
Flash crashes in individual stocks appeared again, and the high-priced Hyde stock suddenly crashed to the limit.
After 3 consecutive daily limit increases, Teyi Pharmaceutical also suddenly fell to the limit.
特一 convertible bonds also fell 12%.
The fiery metaverse dives
Zhongqingbao plunges more than 8%
The fiery metaverse concept stocks and online game ancient suddenly dive sharply. Shengtian Network fell more than 10%, and New Guomai , Shunwang Technology , Zhongqingbao, etc. fell more than 8%.
The stock price of Zhongqingbao, the leading company, has turned around, falling by more than 8% in the morning.
The lithium ore sector continues to surge
Many stocks set off a price limit
The lithium ore sector continued to rise high, and concepts such as salt lake lithium extraction and lithium ore index soared.
Jiuwu Hi-Tech, Jinyuan Shares , Tibet Everest, Keda Manufacturing and other stocks hit their daily limit.
Abandoned purchases of new shares broke out
One sign can earn 28,000
Previously, due to the breakout of new shares, a large number of abandoned purchases appeared Science and Technology Innovation Board New shares Shengmei Shanghai (N Shengmei) rose 60% in the morning, and once rose to 141 during the session Yuan, you can earn 28,000 yuan if you win the lottery.
On the evening of November 11, Shengmei Shanghai announced the results of its initial public offering and listing on the Science and Technology Innovation Board. The number of shares abandoned by online investors reached 603,200 shares, and the amount of abandoned subscriptions reached 51.269 million yuan.The number of subscriptions given up by offline investors is 0, and the subscription amount given up by offline investors is 0.
