More than 170 insiders! DAHAO Technology Co., Ltd. made nearly 100 million yuan by ambushing funds in advance

“Such a rise, the SFC does not check?” On December 18, with DAHAO Technology (603025. SH) recording its 10th consecutive trading limit, some investors raised such questions on the stock bar platform. < / P > < p > thanks to the “curve backdoor” of Red Star Erguotou, the share price of DAHAO technology has risen like a rainbow recently. Curiously, on the day before the announcement of the reorganization, the turnover of DAHAO technology soared from about 30 million yuan to 100 million yuan, and the share price also “rose in advance”. As of the close of December 18, the floating profit of 70 million pre ambushed funds has reached nearly 100 million yuan. < / P > < p > on the suspicion of insider trading, Wang Xiaojun, Secretary of DAHAO technology, told Huaxia times on the afternoon of 18th that there are about 1788 insiders in this transaction. The company has made inquiries and has not traded DAHAO technology shares since May. “As for whether there are other ones, we are not sure, because there are many channels 。” < p > < p > on the evening of December 18, DAHAO technology received an inquiry letter from the Shanghai Stock Exchange, asking the company to explain the specific planning process of the transaction, submit the list of insiders of the transaction, and explain a series of related issues about the restructuring trading plan. < / P > < p > in the early morning of November 24, DAHAO technology did not announce the suspension due to important matters. That night, the company announced a heavy restructuring news. < p > < p > DAHAO technology said that the company is planning to purchase 100% equity of Beijing Yiqing Asset Management Co., Ltd. (hereinafter referred to as Yiqing Asset Management Co., Ltd.) held by the controlling shareholder Beijing Yiqing Holding Co., Ltd. (hereinafter referred to as Yiqing holding) by issuing shares, and purchase Beijing Yiqing Asset Management Co., Ltd. (hereinafter referred to as Yiqing Asset Management Co., Ltd.) held by Beijing Jingtai Investment Management Center (hereinafter referred to as Jingtai investment) by issuing shares Hongxing Co., Ltd. (hereinafter referred to as Hongxing Co., Ltd.) has 45% shares. < p > < p > Yiqing holdings directly and indirectly holds 55% of the shares of red star. After the completion of this transaction, DAHAO technology will directly and indirectly hold 100% of the shares of red star. Hongxing stock, which is famous for producing Hongxing Erguotou, will also be listed on the stock market through “curve backdoor”. < p > < p > the announcement also shows that Yiqing holdings plans to integrate the main industry related assets such as liquor, food and beverage into Yiqing asset management company. This means that after the completion of the transaction, besides the “Red Star” series Baijiu, Da Hao technology will also have a series of beverage products, such as “Arctic Ocean” brand, “Yi Li” brand series food and other products. < / P > < p > this is enough to change the fate of DAHAO technology’s share price restructuring news. However, the day before the announcement, its share price has been “early limit.”. On November 23, the turnover of DAHAO technology increased sharply to 103 million yuan, compared with only about 30 million yuan in the previous five trading days, with an abnormal increase of about 70 million yuan. < / P > < p > as of the closing on December 18, DAHAO technology’s share price has risen for the 10th consecutive trading day, with the latest price of 20.49 yuan and a market value of nearly 19 billion yuan. If the above abnormal increase of 70 million yuan has not yet been withdrawn, the floating profit will exceed 95 million yuan even if the price of the trading limit on November 23 is 8.69 yuan, which is close to reaching the “small target” of 100 million yuan. < / P > < p > according to the announcement, this transaction consists of issuing shares, paying cash to purchase assets and raising supporting funds. The pricing base date of the issued shares is the announcement date of the resolution of the third interim meeting of the Fourth Board of directors of the listed company, which deliberates the matters related to the transaction. The issuing price of the shares and the assets purchased by cash payment is determined as 7.24 yuan / share according to the principle of not less than 90% of the average trading price of the company’s shares 20 trading days before the pricing base date. < / P > < p > it is worth noting that prior to this transaction, DAHAO technology’s controlling shareholder was Yiqing holdings. After the completion of this transaction, Yiqing holdings is expected to remain the controlling shareholder of DAHAO technology, and Beijing SASAC will remain the actual controller of DAHAO technology. < / P > < p > on the other hand, investors’ accusations of DAHAO technology’s “early limit rise” and suspected insider trading are also continuing. “Similar to the leakage of restructuring information of Guolian securities and Guojin securities, DAHAO technology is also suspected of being leaked.” Some investors pointed out. < p > < p > on September 18 this year, Guojin securities and Guolian securities announced that they were planning to merge, and the shares of the two companies both rose before the information disclosure, so they fell into the doubt of insider information disclosure. A week later, the SFC expressed concern about this and started verification. On the evening of October 12, Guolian securities and Guojin securities announced together that the merger of the two sides failed. < / P > < p > “whether it is insider trading or not is not what you say, not what I say, not what shareholders say, but what CSRC and law enforcement agencies say.” On the afternoon of December 18, Wang Xiaojun, the Board Secretary of DAHAO technology, told the China times that there were about 1788 insiders in this transaction. The company has made inquiries and has not traded DAHAO technology shares since May this year. < / P > < p > in the risk warning announcement on the evening of December 18, DAHAO technology also said that it has not found any insider trading in the company’s shares. The company reminds that according to relevant regulations, if there is obvious abnormality in stock trading before the suspension of major asset restructuring, there may be a risk that suspected insider trading may be put on file for investigation, leading to the suspension and termination of this major asset restructuring. < / P > < p > meanwhile, more than 20 days after DAHAO technology’s “early trading limit” incident, DAHAO technology received an inquiry letter from Shanghai Stock Exchange on the evening of December 18. The Shanghai stock exchange requires DAHAO technology to explain and make supplementary disclosure on the trading plan, the operation and financial situation of the underlying assets, the stock price limit and other information. < / P > < p > specifically, according to the disclosure of the plan, DAHAO technology was mainly engaged in the R & D, production and sales of electric control system of sewing and needle spinning machinery and equipment before the transaction. After the transaction, the business will expand to wine, food and beverage, musical instruments, new materials and other different fields, which is quite different from the original main business of the company. After the completion of the transaction, the assets and business scale of the company will expand significantly. The Shanghai stock exchange requires supplementary disclosure of the company’s subsequent integration and arrangement of the underlying assets, indicating whether the underlying assets can be effectively controlled. < / P > < p > according to the disclosure of the plan, in 2018, 2019 and from January to September 2020, Hongxing achieved operating income of 2.454 billion yuan, 2.638 billion yuan and 1.824 billion yuan respectively, net profit attributable to parent company was 329 million yuan, 491 million yuan and 254 million yuan respectively, and net cash flow from operating activities was 368 million yuan, 417 million yuan and 548 million yuan respectively. The Shanghai stock exchange requires the company to make supplementary disclosure of the reasons and rationality of the large fluctuation of its performance during the reporting period. < / P > < p > as for the trading limit of DAHAO technology stock on the trading day before the suspension announcement, the Shanghai stock exchange requires the company to make a supplementary explanation, specify the specific planning process, important time nodes and specific personnel involved in the transaction in the transaction process memorandum, and explain whether the company’s directors and supervisors, the major shareholders holding more than 5% of shares and their directors and supervisors have been involved in the trading six months before the suspension and since the resumption of trading There is trading in the company’s shares; submit the list of insiders and explain the authenticity, accuracy and completeness of the list. According to the inquiry letter, DAHAO technology needs to reply within 5 trading days. < / P > < p > it is worth noting that the CSRC has not yet made a voice on the deal of DAHAO technology. A staff member of Beijing Securities Regulatory Bureau told reporters that if investors want to report, they need to provide corresponding clue materials by mail. < / 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. Investors operate on this basis at their own risk. < p > < p > Chinanet is a state key news website under the leadership of the Information Office of the State Council and the management of China foreign language publishing and Distribution Bureau. Through 11 versions in 10 languages, the website publishes information 24 hours a day. 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