On February 25, the concept stock Nova Technology Corporation Limited(300921) of “counting East and counting West” pulled another “20cm” limit!
Since February 18, when it said it would help enterprises build professional “information superhighway”, the share price of Nova Technology Corporation Limited(300921) has soared, with an increase of nearly 50% in just six trading days.
The stock price change of Nova Technology Corporation Limited(300921) attracted the attention letter of the exchange, asking it to explain whether there is a situation of actively catering to the market hot spots and hyping the company’s stock price. On the 24th, Nova Technology Corporation Limited(300921) issued a reply to the letter of concern, which specifically introduced the relationship between the company’s business and “counting East and west”.
Nova Technology Corporation Limited(300921) : did not hype the stock price
On February 18, Nova Technology Corporation Limited(300921) said in response to investors’ questions on the interactive platform, “the company has set up more than 60 business nodes in 36 cities across the country to help enterprises build professional ‘Information Superhighway’. The vigorous promotion of the strategy of ‘counting East and counting West’ will have a positive impact on the company.”
The news detonated the share price of Nova Technology Corporation Limited(300921) . On February 21, Nova Technology Corporation Limited(300921) directly “20cm” limit; On February 25, Nova Technology Corporation Limited(300921) raised the “20cm” limit again. Since February 18, Nova Technology Corporation Limited(300921) has increased by nearly 50%.
Source: China stock market news
On February 22, Nova Technology Corporation Limited(300921) received a letter of concern from the Shenzhen Stock Exchange, asking to explain the reasons and basis for “the vigorous promotion of the strategy of ‘counting East and counting West’ will have a positive impact on the company”, whether the relevant statements are rigorous, accurate and complete, and whether the company actively caters to the hot spots of the market and hypes the company’s share price.
On February 24, Nova Technology Corporation Limited(300921) issued a reply to the letter of concern, which specifically introduced the relationship between the company’s business and “counting from east to west”.
Image source: Announcement
Nova Technology Corporation Limited(300921) said in the reply that the implementation of the strategy of “counting from the east to the west” needs to build an “information channel” to transmit the data from the east to the West for storage and calculation. Relying on the company’s self built MPLS backbone network and sd-wan technology and products covering the main areas of the East and West, the company has the ability to build a special “information transmission pipeline” between the eastern enterprise headquarters, the western data center and the cloud platform.
Nova Technology Corporation Limited(300921) believes that as a service provider of “information transmission pipeline”, although the company does not directly participate in the construction of Western data center, its business is an important link in the strategy of “counting from the east to the west”. The vigorous promotion of this strategy will have a positive impact on the company’s business development in the long run.
Image source: Announcement
Nova Technology Corporation Limited(300921) also said in the reply that the company’s relevant reply on interactive ease is mainly based on the company’s existing technology and products, project application and market prospect. The expression is cautious, objective and strive to be rigorous, accurate and complete, and reminds the majority of investors to pay attention to investment risks. There are no misleading statements and deliberately exaggerating facts in the relevant wording, Nor does it take the initiative to cater to market hot spots, hype the company’s share price, cooperate with shareholders to reduce their holdings, etc.
is someone taking the opportunity to reduce their holdings?
As for whether there is a sensitive issue of using information disclosure to cooperate with relevant personnel to reduce their holdings, Nova Technology Corporation Limited(300921) said in its reply to the letter of concern that only shareholders holding more than 5% of the shares of Shenzhen Dongfang Fuhai venture capital enterprise (limited partnership) have reduced their holdings of the company’s shares in recent months.
On January 12 this year, Dongfang Fuhai sent a notification letter to Nova Technology Corporation Limited(300921) on the share reduction plan, which planned to reduce the company’s shares by no more than 3.99 million shares (accounting for no more than 3.03% of the company’s total share capital) through centralized bidding and block trading.
Dongfang Fuhai has reduced 3.99 million shares of the company through centralized bidding and block trading from January 18 to February 22, accounting for 3.03% of the total share capital of the company. As of February 22, the reduction plan of Dongfang Fuhai has been fully implemented.
Nova Technology Corporation Limited(300921) said that in addition to Dongfang Fu overseas, the company’s controlling shareholders, actual controllers, directors, supervisors, senior managers and their immediate family members, shareholders holding more than 5% of shares, Shenzhen Zhongchuang JIAYE investment enterprise (limited partnership) did not buy or sell the company’s shares in the past month. The company and related parties do not have any illegal trading situations such as insider trading and market manipulation, no trading behaviors prohibited by laws and regulations, nor do they use information disclosure to cooperate with relevant personnel to reduce their holdings.
From the data of the dragon and tiger list, hot money participated in the speculation of Nova Technology Corporation Limited(300921) stock price. At the first “20cm” limit on February 21 Nova Technology Corporation Limited(300921) , the well-known hot money seat Huaxin Securities Co., Ltd. Shanghai Branch participated, and the seat bought 62.87 million yuan on a large scale on the same day.
Source: China stock market news
In addition, Nova Technology Corporation Limited(300921) also pointed out that the project of “counting from the east to the west” will help small and medium-sized enterprises actively participate in the digital transformation, so as to help the company cut in and develop the customer group of small and medium-sized enterprises. However, whether it can produce performance in the end depends on the digital transformation needs, planning and budget of each enterprise, which is uncertain. At the same time, the company’s newly developed and launched products can not completely eliminate the risk of development suspension or failure and non delivery. There is uncertainty. Please pay attention to the risk.
