In the original trajectory, the Delong crisis broke out in April, and COFCO began to intervene in May and tried to take over Tunhe shares, but was directly rejected because it had found a partner, but COFCO did not stop there.

Because Delong embezzled Tunhe Company's book funds at the critical moment and the bank refused to lend, the company inevitably fell into trouble.

Tunhe is a listed company. The China Securities Regulatory Commission has explicitly stipulated that all transactions must be announced and must be approved by the China Securities Regulatory Commission before the announcement. It is precisely based on this that the American competitor retreated and COFCO finally won.

The most important point is that COFCO's transaction in Tunhe River was deliberately concealed for a long time.

The explanation given afterwards was to stabilize the stock market and protect the rights and interests of small and medium-sized stock investors. For Tunhe Co., Ltd., a successful restructuring means a major benefit, and this excuse is particularly ridiculous.

Chen Qiaoshan knew the twists and turns inside, but he couldn't tell Jia Yinan. However, being a reporter is not easy to fool.

"There are three companies in the Delong Group. Why are you just targeting Tunhe Co., Ltd.?" Jia Yinan pointed out the key to the problem directly.

Chen Qiaoshan was not surprised at all. If she couldn't even see through this, she would probably not be able to survive in the media industry.

Of course, Chen Qiaoshan naturally has no shortage of reasonable explanations.

"Alloy Holdings and Xiang Torch are both engaged in industrial production. Although Tunhe was a cement enterprise before, after Delong took over, it has successfully transformed and became a deep processing enterprise for agricultural products."

Jia Yinan didn't understand what he meant and asked, "What can this mean?"

"Delong collapsed. If these three companies cause trouble, the first one will definitely be Tunhe."

"Why?" Jia Yinan asked subconsciously, and Chen Qiaoshan smiled and said, "Sister Jia, your hometown is not from the countryside, right?"

Jia Yinan was a little confused and asked, "Does this have anything to do with Tunhe?"

Chen Qiaoshan patiently explained: "Tunhe mainly engages in deep processing of tomato sauce and fruits and vegetables. The raw material supply is signed with local farms and farmers. Xiang Torch and Alloy Co., Ltd. can stop production, but Tunhe cannot. Farmers have no harvest in one quarter, so it will be very difficult to live on this day."

After pausing for a moment, he continued: "There is Asia's number one tomato planting base, and it is also located in the northern border. Once Tunhe cannot fulfill its contract, it will be bustling."

Jia Yinan was shocked and asked anxiously: "Do you mean there will be trouble in the Tunhe River?"

"I can't make a fuss." Chen Qiaoshan replied directly.

Jia Yinan didn't ask again this time, and she was not stupid. She quickly recalled that Tunhe's products did not have to worry about sales. Then again, even if the situation was at its worst, the government would not sit idly by in the northern Xinjiang.

...

On March 2, Sohu Finance published a news article: "Million-million Acres of Red Sea in Tun River", signed by Jia Yinan.

The news photo is bright red. This is the scene of the tomato drying field in Tunhe last summer. The cut tomatoes are drying in the open air, which is endless and has a very visual impact.

The problem is not that simple. The article points out that because Delong used large deposit certificates to withdraw Tunhe's working capital, the company's operations were in trouble. In addition, banks withdraw loans, Tunhe has many crises. Whether it can fulfill its contract and acquire it depends on the vital interests of thousands of farmers.

Once the report was released, it quickly became a hot topic in society.

Tomatoes are harvested in summer and autumn, and now it is the time to sow. At this critical node, news quickly attracted the attention of relevant parties, not only the government, but also the intention to acquire companies.

It didn't take long for many media to reprint Jia Yinan's articles in large quantities, and the Delong system once again became the center of news.

Tang Wanxin's arrest was a clear signal. The destruction of the Delong Group was doomed. Everyone knew that the third stock would either delist or be entrusted. However, no one expected that among the three companies, the crisis of Tunhe Shares broke out first, and it was so serious.

Because of this article, Jia Yinan became popular and even CCTV began to pay attention to the issue of Tunhe. As the largest tomato sauce exporter in China, whether Tunhe can be acquired on schedule has become the focus of attention from many parties.

As the attention increased, the problem of Tunhe shares was completely exposed. The Delong Group not only drew off working capital, but also illegally guaranteed loans in the name of listed companies and embezzled a large amount of funds.

The most important thing is that the analysis report provided by a professional evaluation agency shows that if Tunhe Co., Ltd. does not receive funding, its operations will come to a halt. Not to mention fulfilling the contract, it is estimated that bankruptcy is possible.

Once the news was disclosed, the market responded quickly.

In just three trading days, Tunhe shares plummeted by 17%, and the stock price has fallen to 17 cents.

On the night of the 3rd, rumors spread that Tunhe shares might go bankrupt.

On the 4th, Tunhe Co., Ltd. hit the limit at the opening.

Generally speaking, retail investors who hit the limit can't sell them at all, but what's strange is that the orders placed on the stocks to cut their losses and leave the market have basically been successfully traded. As of the morning's closing, Tunhe's stock price actually fell slightly.

As a result, many people suspect that the rumors of bankruptcy are likely to be smoke bombs released.

Speculation is everywhere, especially in the stock market.

As soon as the market opened in the afternoon, Tunhe shares stopped falling and rose, and many retail investors returned to the market.

As of the close, all the 2 million Chen Qiaoshan prepared was invested in the stock market, with a cost price of around 10,000 yuan. In addition, several accounts accumulated 16,000 yuan and lost more than 300,000 yuan on the books.

Chen Qiaoshan didn't even think about hiring the cost. He knew that opportunities were fleeting, Delong's history had changed, and now he was gambling. The attractiveness of the red industry of the gambling Tunhe is strong enough.

The crisis in Tunhe was ignited, the stock price plummeted, bankruptcy rumors appeared, and there were rumors of bad news, but some people were happy and some were worried.

The most worrying thing is creditors, and the biggest creditor in Tunhe is many commercial banks. The situation suddenly changed when there are many different opinions.

On March 5, JPMorgan Chase’s domestic subsidiary issued a statement.

There are two points in the content, one is to prepare to build Morgan Stanley.

The second news attracted particular attention. The statement read that, under the entrusted by the customer, the company continued to buy Tunhe shares from the secondary market. As of the 4th, its cumulative shareholding reached 4.99%.

As soon as the news was released, it immediately ignited the market.

JPMorgan Chase, also known as the Chinese Moto, has naturally no doubt its influence. It is one of the first qfii financial institutions to be approved to enter the domestic market.

Just last year, when the Delong group was rescuing the market, JPMorgan's Chinese subsidiary participated in buying shares of Alloy Holdings from the secondary market, causing the stock price of the old three stocks to soar.

Compared to last year, the situation is different now.

Last year, it only entered the market on a small scale, but now it is a big purchase, just one line away from the raising line. Everyone knows that the intention of the acquisition has been fully revealed.
Chapter completed!