At the end of the mountain and water, there is no way out: the major shareholder of Huanrui Century begins to empty gloves and white wolf.

the major shareholder of Huanruishi begins to empty the gloves

the major shareholder of Huanrui Century and the people who act in unison have pledged almost all the stocks, and the stock price has fallen below the closing line. The plan given by financial financiers such as Citic Securities is a grace period of two months. Let the major shareholders find ways to raise money or replenish the pledge. It is obvious that the major shareholders are at the end of the line, and they do not seem to be able to find any other way except to transfer their shares to the new owner. This may have marked the beginning of the empty glove white wolf business of Huanrui Century's major shareholder.

now, judging from the balance sheet of Huanrui's major shareholders, the value of its shares is no longer enough to cover its liabilities of financing from securities companies. It is also helpless for brokerages to give a grace period. Imagine that if all 28% of the stocks are strong and flat in the secondary market, I am afraid that even the five falling limit boards will not be able to stop falling. It is really difficult for brokerages to get back the money they have lent.

therefore, both the brokerage and the major shareholders of Huanrui Century have a common wish that the share price of Huanrui Century can rise in the future. In this way, not only the major shareholders can survive the crisis, but also the securities firms can keep the principal of their loans, which is a win-win outcome. But to be fair, in the current state that all the major shareholders are pledged, I am afraid that no big fund is willing to push up the share price of Huanrui Century. If there is, it can only be Lei Feng.

will Huanruisi's big shareholders add margin or collateral? The reporter believes that if it is a normal person, it will not be added under the current circumstances. In the current game situation, it is obvious that the major shareholders of Huanrui Century clearly know that the brokerage will not go to the secondary market to flatten its own shares, because that will be the most disadvantageous outcome for the brokerage bonds. The biggest wish of the brokerage is that the major shareholders of Huanrui Century can replenish the margin or collateral, but this is obviously impossible, so the second best solution for the brokerage is to find a potential buyer without harming the creditor's rights interests of the brokerage. Buy all the shares held by the major shareholders of Huanrui Century, so that the brokerage will be able to escape. But the problem is, when there is such a buyer, we do not rule out the possibility that the major shareholders of Huanrui Century will suddenly be able to add collateral or partially repay in advance.

therefore, both sides are looking forward to a result, that is, during the 60-day grace period, Huanrui's share price can rise, which is obviously the best result, but in the current situation of the company, the stock price rise needs super Lei Feng to intervene, otherwise as long as the stock price remains horizontal, the major shareholders will have to give up in the end. This column is not optimistic that there will be super Lei Feng to come in and rescue.

from the pledge problem of Huanrui Century, we can find one thing, that is, when the major shareholders pledge too many shares, the creditors actually cannot forcibly close their positions in accordance with the agreement, because it is simply unacceptable to sell too many stock markets. in the end, the risk of the creditors will have to be borne by themselves. This has nothing to do with the pledge rate, no matter how low the pledge rate is, it is 25%. When the value of the stock is lower than the amount of financing, it is impossible for the brokerage to sell the mortgage stock at the market price. Therefore, securities firms must be cautious about the stock financing of major shareholders.

Edit: mary