Jidong Bought Its Own Stock &Nbsp Before The Suspension Of Cement, And Was Suspected Of Playing Insider Trading.

The Jidong Cement, which was supposed to return to the ST Qinling Mountains, was on the eve of the resumption of the card. The company announced that it would introduce overseas strategic investors, and the stock continued to stop.

The market was surprised by this sudden good result. Looking back at the past announcement, it was found that the two major shareholders of Jidong Cement had spent more than ten billion yuan on the company's stock before closing the company.

Foreign aid fell from the sky

Jidong Cement announced in June 7th that the company intends to plan a private placement financing scheme to introduce overseas strategic investors. In order to avoid abnormal fluctuations in stock prices, the company's stock will continue to suspend until the announcement of the announcement of the company's board of directors.

The announcement also made it clear that if the company failed to hold a board of directors to consider a non-public offering plan before June 22nd, the company's shares would resume trading before June 22nd, and the company would no longer plan the issue of non-public offering within 3 months after the stock was resumed.

Meanwhile, Jidong Cement disclosed the progress of restructuring *ST Qinling Mountains.

Jidong Cement said that since the suspension of the company's stock in May 7th, the company and the relevant parties have actively communicated on this major asset reorganization. However, the major asset restructuring plan is not yet ripe. *ST Qinling Mountains resumed trading in June 7th, and no major asset reorganization was planned in 3 months.

Market analysts pointed out that before that, Jidong Cement had never disclosed any intention to introduce foreign investors, and the security work was quite beautiful. The company's courage to make a statement of "resumption of trading before June 22nd" and "no longer planning non-public issue matters within 3 months" is enough to show that Jidong Cement is very firm in its attitude towards the introduction of foreign strategic investors.

This is even more tempting to ask, what is the sacred place of Jidong Cement to introduce this time?

Market blurred

For Jidong Cement, this abruptly shelved *ST Qinling Mountains reorganization, and then introduced the practice of overseas strategic investors. The market has heard rumors for four times.

The most credible one is the company's desire to introduce German Heidelberg cement, which has already had a partnership, with the aim of solving the asset integrity of *ST Qinling Mountains.

A senior industry analyst said that if the partner was really Heidelberg, the play would be good.

Jidong Cement is likely to issue additional shares to Heidelberg to purchase the shares of the two subsidiaries which Heidelberg's original Jidong Cement had previously pferred to Heidelberg, and then integrate all the equity of the two subsidiaries into *ST Qinling Mountains in exchange for the equity of *ST Qinling Mountains.

In this way, the restructuring of *ST Qinling Mountains will be much easier.

Although the representative of Jidong's cement and securities department is silent about the identity of foreign aid, the market participants will focus their attention on Heidelberg.

In fact, as early as 5 years ago, Jidong Cement had already had a "marriage" with Heidelberg.

In September 2005, Jidong Cement announced that the company will sell 45.77% of its subsidiary company Fufeng and 50% of Jingyang company and Heidelberg, and the total selling price of the shares will be 128 million yuan.

In the paction, Jidong Cement not only lost its dominance in its subsidiary companies, but also benefited from the sale of shares.

Shareholders precise copy

Whether or not the other side is Heidelberg, the introduction of overseas strategic investors is absolutely good for Jidong Cement. All of this looks perfect. But the two major shareholders of Jidong Cement have raised their stock holdings in large quantities before that.

Jidong Cement's second largest shareholder, conch cement, announced in April 29th that conch cement increased holdings of Jidong Cement 60 million 625 thousand shares through centralized trading. A day later, Jidong Cement's largest shareholder Jidong development group also announced that the company increased 7 million 570 thousand shares of Jidong Cement through bulk trading in April 29th.

If the average cost of increasing shares is 15.10 yuan / share, according to Jidong's development, the total funds of the two companies amount to 1 billion 30 million yuan.

"At that time, I thought Jidong Cement's major shareholder's holdings were to stabilize the stock price. Now it seems ironic."

A market analyst regrets that the timing of the increase in Jidong Cement's largest shareholder has just dropped in the market. Shareholders and executives of various listed companies have expressed their interest in increasing their holdings. But the real intention of Jidong Cement shareholders to increase their holdings is probably only their own knowledge.