Behind the tianban of Rendong Holdings: hot money joint “blood licking” executives “accurate lurking”

In the early morning of December 15, when Rendong holdings recorded its 15th drop limit, less than three minutes after the opening, more than 1.7 million mysterious funds suddenly appeared, ate all the huge sales orders, and pushed the company’s stock straight up to the limit. On the same day, the total turnover of Rendong holdings reached a new high in one year, reaching 3.303 billion yuan, and the turnover rate exceeded 44%. < / P > < p > the 21st century economic report reporter found that the strange trend of the “Tiandi board” or a joint warping of the “collusion” of the major hot money, the top five buying and selling seats were all business department seats, among which “Everbright Securities Foshan Lvjing Road Securities Business Department” (hereinafter referred to as “Everbright Foshan Lvjing road”) ranked the first in the Dragon Tiger list with a purchase amount of 359 million 。 < / P > < p > it is worth mentioning that Everbright Foshan Lvjing road is a famous hot money investor in a shares, nicknamed “Foshan shadowless foot”. It has demonstrated its strength since 2016. It has operated Jiangnan Jiajie (the predecessor of 3600), Meijin energy and other well-known demon stocks. With the fast in and fast out style of “low price limit board” and “next day profit stop loss”, it is called “professional prying board king” by shareholders. < / P > < p > however, in the face of the hot money chase, Rendong Holdings has just been questioned by Shenzhen Stock Exchange – its senior management team may buy the shares of listed companies without disclosure, and the buying period coincides with the rising period of the company’s share price. < p > < p > on December 15, Rendong holdings staged a thrilling scene: at the beginning of the market, it fell by the limit and closed more than 1.61 million orders. Three minutes later, several hundred million orders were paid to the limit, and the trading volume exceeded 2.1 billion yuan in one minute. Until the close, there were 44200 orders to block the limit. < / P > < p > it is worth mentioning that as early as the 11th day of the continuous decline of Rendong holding, the website of Shenzhen Stock Exchange issued the announcement on suspending the financing purchase of “Rendong holding”, saying that the financing purchase of the underlying stock will be suspended from December 9, 2020. According to the announcement, < p > < p > according to the margin trading business data submitted by securities companies, as of December 8, 2020, the financing balance and market value of credit account of Rendong holdings have reached 25% of the listed and circulating market value of the stock. < / P > < p > this means that there is no leverage on the floor for billions of buying funds. After the closing of the evening, the truth about the ownership of the big pay was revealed – several hot money tycoons combined to pry the board, and the total purchase amount of the top five dragon and tiger list seats was as high as 681 million yuan, accounting for 20.61% of the total transaction amount of the day. < p > < p > among them, the purchase funds of Everbright Foshan Lvjing road accounted for 10.87% of the total turnover of the day. It is worth noting that, if calculated by the lowest price of 12.38 yuan / share on that day (the price of the daily limit board), the number of shares purchased will reach 28.9984 million shares, accounting for 5.18% of the total share capital of Rendong holdings, touching the line of listing. Before the reporter of century economic report issued a report, Rendong holdings did not issue a listing announcement. < p > < p > Huafu Road Securities Business Department of Haitong Securities Shenzhen Branch, the second largest buying seat, was not unknown either. It bought 135 million yuan in total on that day, accounting for 4.09% of the total turnover on that day, and sold 666500 yuan. According to the inquiry of 21st century business reporter, the business department seat also participated in the speculation of Tianshan biology, Kabei, xiuqiang, Tesla concept stock Tongfeng electronics and other stocks. < p > < p > the third largest seat, the securities business department of Pacific Xuchang Jian’an Avenue, followed closely, buying 89.469 million yuan, accounting for 1.35% of the total turnover of the day. It is also one of the hot money tycoons with A-share reputation. It has participated in the stock speculation of Ningbo Huaxiang, Hemei group, Liaoning Chengda, etc. In addition, the fourth and fifth largest business department seats are Meihu Road Securities Business Department of China Galaxy Xiamen and Fenghuang Road Securities Business Department of Federal Reserve securities Huzhou. They bought 49.6954 million yuan and 47.312 million yuan respectively, and sold 6 000 yuan and 25.3289 million yuan respectively. < / P > < p > the 21st century economic report reporter noticed that the Huzhou Phoenix Road Securities Business Department of the Federal Reserve securities and the third seat buyer, the Pacific Xuchang Jian’an Avenue Securities Business Department, were “old partners”, and they had participated in the speculation of CICC and other stocks together. < / P > < p > just as all kinds of hot money are joining forces to “lick the blood”, the 21st century economic report reporter noticed that the crisis of Rendong holdings is yet to be solved, which may involve problems such as the violation of the rules by credit card and phi or the manipulation of senior executives’ stock prices. < / P > < p > the crux of the problem comes from Chongzuo zhongshuo enterprise management consulting partnership (limited partnership), the sixth largest shareholder of the company (hereinafter referred to as “Chongzuo zhongshuo”), which first appeared in the top ten shareholders of Rendong holdings in the annual report of 2019. At that time, Chongzuo zhongshuo held 15.2803 million shares, accounting for 2.73% of the total share capital. After several increases and decreases, as of the third quarter of 2020, Chongzuo zhongshuo’s share capital increased The number of shares held was 19.698 million, with a shareholding ratio of 3.55%. < / P > < p > according to qixinbao data, Chongzuo zhongshuo was founded on October 7, 2019, and its registered capital and paid in capital are unknown. Its shareholders are Lengshuijiang zhongshuo enterprise management partnership (limited partnership) (hereinafter referred to as “Lengshuijiang zhongshuo”) and Lengshuijiang Ruijin Enterprise Management Consulting Co., Ltd. (hereinafter referred to as “Lengshuijiang Ruijin”), and the latter is the shareholder of the former, with a registered capital of RMB 500000. < / P > < p > among them, the shareholders of Lengshuijiang zhongshuo are natural person Wang Shishan, Shao Mingya, Huang Hao, Liu Changyong and Lengshuijiang Ruijin, with shareholding ratio of 24.8756%, 24.8756%, 24.8756% and 0.4975% respectively. Wang Shishan, Huang Hao and Liu Changyong are all senior executives of Rendong holdings. Among them, Wang Shishan is the vice chairman, general manager and chief financial officer of Rendong holdings, and Huang Hao and Liu Changyong are the deputy general managers. < p > < p > the reporter of 21st century economic report found that for the information of the company’s executives and shareholders, Rendong holdings did not clearly disclose. < / P > < p > “if there is a related relationship, it should be disclosed, especially if the funds controlled by senior executives buy and sell the company’s stocks, which is a little suspicious. If information disclosure is carried out, it will be of positive significance to return the innocence of senior executives and public investment. As for whether there is insider trading, we need to wait for the conclusion of the investigation. We need to ask the inspection bureau or the inspection team of the CSRC to understand the investigation. It would be better if the criminal law decision came out. ” Liu Junhai, director of the Institute of commercial law of Renmin University of China, said in an interview. < / P > < p > on December 15, the reporter also called Lengshuijiang zhongshuo (the same as Lengshuijiang Ruijin’s public telephone number) for external contact information, but the system showed that the number was empty. < / P > < p > What’s more strange is that compared with the time when “zhongshuo system” was established and its holding of Rendong holdings was increased, it can be found that it highly coincides with the rising period of the stock price of listed companies. < / P > < p > previously, looking back on the performance of the stock price of Rendong holdings, it is not difficult to find that on July 30, 2019, Rendong holdings announced that Haidian state owned assets won the controlling right of the company, which is the “starting point” of Rendong holdings. Just one month after the transfer of the controlling shares, Leng Shuijiang Ruijin, the executive partner of Chongzuo zhongshuo, was established. Then on October 14, 2019, Chongzuo zhongshuo was established and entered the secondary market. < / P > < p > during this period, the share price of Rendong holdings first dropped to the lowest point of 14 yuan on November 12, 2019, and then rose all the way to the highest of 25.52 yuan on December 20, 2019. Although the share price of Rendong holdings also had a certain degree of correction in the near future, it still showed a slow rising trend on the whole. If calculated according to the average price of Rendong holdings from October 14 to December 2019 (the same below), Chongzuo zhongshuo’s position cost is about 290 million yuan. < p > < p > in the first quarter of 2020, affected by the epidemic situation and other factors, the market fluctuated violently, and the share price of Rendong holdings briefly recovered, but quickly stabilized. During this period, Chongzuo zhongshuo continued to increase its holding of 5.81 million shares, with a total holding of 21.09 million shares, ranking the seventh largest shareholder of Rendong holdings, and the cost of position increase was 143 million yuan. In the third quarter of 2020 (the company’s share price rose by 58%), Chongzuo zhongshuo reduced its holdings of 1.226 million shares of Rendong holdings, realizing 57 million yuan based on the average price of 46.85 yuan per share. < / P > < p > the announcement also showed that as of the third quarter of this year, 24.16% of the shares held by Chongzuo zhongshuo in Rendong holdings were held in the guaranteed securities account for credit trading of customers of Minmetals securities. However, it is worth mentioning that if Chongzuo zhongshuo does not reduce its holdings in the fourth quarter of 2020, the investment will lose 19.94% as of December 15. On the evening of December 14, the Shenzhen Stock Exchange issued a letter of concern, requiring Rendong holdings to explain “the establishment time, reasons, ownership structure and actual controller of Chongzuo zhongshuo, and self check whether it is necessary to perform the obligation of information disclosure”, “the specific situation of Chongzuo zhongshuo’s trading of your company’s shares since the first transaction, the source of funds of the institution, and self check relevant transactions” Whether there are violations of laws and regulations, etc. < / P > < p > Disclaimer: the purpose of this article reprinted by CNFC is to convey more information, and it does not represent the opinions and positions of CNFC. The content of this article is for reference only, and does not constitute an investment proposal. 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