Today is September 27th, Saturday, the last weekend of this month. It coincides with the National Day holiday. Classes are held normally today, but the stock market is closed as usual.

Chen Qiaoshan woke up early in the morning and lay in bed abnormally but didn't get up. He was really a little confused.

The domestic stock market is very magical. Over time, you can see all kinds of incredible news. Not to mention anything else, there is a lot of fun to watch when the market is closed.

For example, A-shares never adjust and work overtime. The domestic stock market once set a record of 16 days of market closure in a month. In the words of investors, in that month, the stock market either had closed or was about to close.

Due to the stock market adjustment, the domestic securities industry has a lot of rest days out of thin air. Although the extra days will not be really on holiday, it still makes people feel a bit incredible.

Chen Qiaoshan lay on the bed and sent a text message, greeted Yan Xiaoqin, and could not pass in the morning.

The dormitory in the early morning was very quiet, far less hustle and bustle than usual. The roommates were still sleeping, and occasionally they could hear their slight snoring.

Chen Qiaoshan has become accustomed to this kind of environment, and his work and rest time is very stable, but the other three people in the dormitory are very playful and often make trouble until midnight, so they will definitely not get up in the morning.

The familiar text message sounded on the phone. Chen Qiaoshan opened it and looked at it. As he expected, Yan Xiaoqin asked him why he didn't go to the morning reading.

Chen Qiaoshan replied with a message, he didn't want to get up, it was very simple and straightforward.

This is not perfunctory, it is indeed his real idea. He is too tired during this period and needs to give his brain a good rest.

For half a month, news about the Delong Group has been rampant, and the online financial section is full of such information, and newspapers have also reported it repeatedly. The name of Peking University’s Guanshan has been completely spread in the financial circle.

Late at night on September 11, Sina Finance suddenly published a signed article by Peking University Jianshan in a prominent position, "Tunhe Co., Ltd. is suspected to be in a debt crisis"

On September 12, the Southern New Century Economic Herald took the lead in publishing an article titled "The Shame of Breakup between Tunhe Huiyuan", and the author is also from Peking University Qiao Shan.

Just one piece of news, except for the senior executives of Delong, it will not attract much attention from industry insiders. The reason is very simple. Industry insiders know that Tunhe Shares has obvious signs of manipulation, but no one can do anything about it.

The Delong Group has always been very strong, how strong is? In short, the stocks of the three listed companies under the Delong Group only rise but not fall. Regardless of the market performance, they only rise wildly. The three stocks started with Tang Wanxin, and now the least has risen by more than ten times.

If it were other speculators, they would have shipped at a high level long ago, but the Delong Group did not. They kept the chips in their hands and the stock price was maintained at a high level. For this reason, Tang Wanxin also gained the reputation of being the best in China.

Market analysts believe that the Delong Group is full of confidence in the future and believes that better shipping opportunities can be found in the future.

Chen Qiaoshan understood the inside story, and the reason was very simple. The Delong Group did not want to ship, but because its shares in Xianghuo Torch and Alloy Investment have been fully mortgaged, becoming the source of funds for Tang Wanxin to expand everywhere. In order not to drag down the capital chain, he could only try every means to maintain the stock price.

In today's financial industry, there is a general consensus among investors, that is, the stocks under the Delong Group cannot be touched, but Chen Qiaoshan doesn't believe in this evil. Not only did he touch it, he also put it on the pole and put it on his hands and blades.

Chen Qiaoshan knew that the current Tunhe Shares may be the only bargaining chip in the Delong Group. If you destroy the stock price of Tunhe Shares, Tang Wanxin's capital chain will definitely be broken, and the Delong Group will basically fall into a desperate situation. Tunhe Shares itself has many problems and there is no shortage of opportunities to start.

In May this year, Tunhe Co., Ltd. transferred its shares in Huiyuan Group, with 51% of the shares being 530 million yuan. The Weiling Group in Hubei Province was taken over.

Tang Wanxin’s external statement was to reorganize Tunhe Co., Ltd. in order to reduce the company’s operating risks, and in the news disclosed by the New Century Economic Herald, this transaction was full of insider information.

First, the value of 51% of Huiyuan shares is seriously underestimated, and this transaction is a low-priced sale of listed companies' assets.

To put it bluntly, Huiyuan has a valuation of more than one billion yuan.

Second, this transaction is illegal to investigate.

The registered capital of the acquirer Weiling Group is 25 million. The Company Law clearly stipulates that foreign investment shall not exceed 50% of the company's net assets. Now it seems that there are twenty times as many times, so it is obviously a joke to use the law.

Third, Weiling Group is not the real transferee of Huiyuan Co., Ltd., and the actual takeover behind it is Zhu Xinli.

Zhu Xinli was the original second largest shareholder of Huiyuan Group. The meaning is very obvious. This is a deliberately concealed related transaction, and there must be unknown insider transactions.

Fourth, the actual transfer fee for share transfer is not the 530 million yuan in the news, and is likely to be less than 210 million yuan.

It was midnight on the 11th when Sina.com logged out, and there was no shock at that time, because the subsequent impact of hops was great, and most listed companies in northern Xinjiang were involved, and Tunhe shares were inevitably affected.

However, when the news of the New Century Economic Herald was released the next day, the two confirmed each other and caused an uproar in an instant.

In the news published by Sina Finance, it mainly accused Tunhe Co., Ltd. of suspected illegally embezzling funds, questioned its tight capital chain, and suspected that the funds of listed companies were misappropriated.

If it is just a single news, it will not cause excessive tension among investors. This year is not a future generation. The securities laws are very imperfect, and it is normal for listed companies to misappropriate funds. However, it is a bit scary to think about it carefully when it comes to the inside story of the sale of Huiyuan shares.

If the news is true, 51% of Huiyuan's shares account for more than half of Tunhe Co., Ltd.'s net assets, but only sold 210 million yuan. The takeover is Huiyuan's second largest shareholder, Zhu Xinli, the actual operator, was easily covered up afterwards. The stock price of the listed company remained motionless, so there were a lot of tricks here.

It is not difficult for people who know a little bit of money to know often that there are many secrets hidden in this transaction.

September 12th was a day of silence. The share price of Tunhe Co., Ltd. fluctuated slightly, but it stabilized immediately.

Stock investors are no longer surprised. The Delong Group stocks have always been like this. No matter how turbulent the market is, the stock price has remained firm.

Since it was Friday and the market was closed for two days, the news was relatively quiet. Major media had no follow-up reports and were waiting for the relevant parties to make a move.

On Saturday, September 13, the Delong Group issued an announcement to the public, with a clear idea and all accusations were false. Tunhe Co., Ltd. reserves the right to pursue legal responsibility for rumor-mongers.

In the next few days, all the media seemed to be silent. There was no trace of related news in the newspapers on the market. Only some content remained on the Internet, but it was no longer a climate.

On September 18, the hop incident fermented again, and the companies affected this time had several new faces, two of which were wholly-owned subsidiaries of Tunhe Co., Ltd., involving more than 100 million yuan in guarantee funds, and the market was in an uproar for a time.

On September 19, the Southern New Century Economic Herald took the lead in the attack. Its reporters went to Hubei Province to visit Weiling Group exclusively and found that the company was a private enterprise mainly engaged in textiles and packaging. It had just completed the transformation of state-owned shares in the middle of the year.

According to the news, Weiling Group does not have the qualifications to acquire. The reporter learned through visiting insiders that the actual investor of the Huiyuan merger and acquisition case was confirmed to be Zhu Xinli, the second largest shareholder of Huiyuan.

On the evening of September 19, Delong Group issued a temporary announcement that its subsidiary's sale of Huiyuan shares is a normal industrial restructuring for the needs of development and the market should not be over-interpreted.

On September 20th, the market will be closed on the weekend, but the financial industry is already in full swing, and insider trading rumors of Tunhe Shares are everywhere.

On September 22, the stock price of Tunhe Co., Ltd. fluctuated abnormally, and the trading volume increased significantly throughout the day, and the stock price fell slightly as of the closing.

On September 23, a reporter from the New Century Economic Herald interview with Zhu Xinli was politely rejected.

The public relations personnel of Huiyuan Group have the same external philosophies: Huiyuan Group and Delong Group have broken up peacefully, and Huiyuan Group does not invade the interests of Tunhe Shares. The group will not comment on the actual amount of the share delivery.

Once the news was disclosed, public opinion was in an uproar again.

Although Zhu Xinli did not come forward in person, the meaning has been clearly expressed. Huiyuan and Delong Group have no relationship, which is not the point. The most important thing is that the silence of the transaction amount is basically equivalent to admitting the 200 million yuan reported in the news.

You should know that Huiyuan is a leading enterprise in the domestic juice industry, with total assets exceeding 1.5 billion yuan and net assets exceeding 800 million yuan.

If the inside story of this transaction is confirmed, then there are only two possibilities.

One is Tang Wanxin's insider trading to transfer assets, but this possibility is very low, because Delong's total assets have now reached an unprecedented 120 billion yuan. Even if there is suspicion of exaggeration, there will definitely be more than 100 billion yuan.

One possibility is that Tunhe Co., Ltd. transferred Huiyuan's working capital in the early stage, and most of the funds in this transaction were offset, and it is not surprising that the actual funds were only 200 million yuan.

But in this way, we face two problems. Why did Tunhe Co., Ltd. draw a large amount of funds from its companies, and even withdraw more than 100 million yuan through hop guarantees? What did all this money go?

Industry insiders can easily figure it out that only the Delong Group, the Delong Group, needs to withdraw such huge funds.

On September 24, Tunhe Shares encountered a large number of sell orders at the opening. Although there was funds entering the market, the turnover rate was insufficient. All-day shares fell by 2.7%. This is the first time that the Delong Trident has seen a sharp decline in three years.

On September 25, Tunhe Co., Ltd. stopped the decline and the trading volume was stable throughout the day, but it showed a rapid rise at the end of the trading session, which was obviously suspected of capital manipulation.

On September 26, Tunhe Co., Ltd.'s stock price rose at the opening, and finally emerged from the shadow that lasted for half a month, restoring the firmness of the three Delong stocks.

However, the situation suddenly changed. On the evening of September 26, Sina Finance published headlines in a prominent position. Peking University Kanshan reported to the China Securities Regulatory Commission with a real name, Tunhe Co., Ltd. was suspected of manipulating securities trading prices and misappropriating funds from listed companies.

In this news, Peking University’s true identity was also revealed, Chen Qiaoshan, a student of Peking University Guanghua School of Management.

...

Chen Qiaoshan lay on the bed, savoring the peaceful university campus life in his heart. Perhaps from today on, all this will be gone forever.

He did not regret everything he did. These were the choices he made after careful consideration of the timing.

It’s National Day soon, there is enough time to let things ferment, and the subsequent process is not something that can be controlled by humans.

Suddenly, the unique text message ringtone of Nokia rang again. Chen Qiaoshan picked up his cell phone and looked at it. It turned out that Yan Xiaoqin had come over. He quickly got dressed and got up, washed up in a hurry, and then rushed out.

Today is a sunny day. As soon as I left the dormitory building, the dazzling sunshine rushed towards me.

Chen Qiaoshan was a little uncomfortable for a moment. He squinted his eyes and looked around. Yan Xiaoqin, not far ahead, smiled slightly, and stood in the rising sun, her whole body was dazzling and dazzling.
Chapter completed!