Another stock suddenly collapsed, plummeted 70% and was suspended.
The stock market was in shock, but the concepts of platform economy and East West calculation broke out. There were also the concept of “King’s glory” in the stock market, and the stock price rose for four consecutive limits. However, Jiayuan service of Hong Kong stocks suddenly plummeted by 70%, triggering a temporary suspension, and Jiayuan International Holdings, a stock owned by the same actual controller, plummeted by more than 40%.
At the morning closing, the Shanghai Composite Index fell 0.37%, the Shenzhen composite index fell 0.16%, the gem index fell slightly by 0.11%, the Kechuang 50 index rose 0.49%, 1395 individual stocks fell and 3231 rose, with a turnover of 468.4 billion yuan.
Hong Kong stocks also showed weakness in the morning. The net outflow of funds going north in the morning was 3.6 billion yuan.
Jiayuan service suddenly plummeted by 70%, triggering suspension
Jiangsu real estate enterprise stocks and property stocks suddenly plummeted.
Jiayuan International Holdings, a real estate enterprise in Jiangsu Province, collapsed and plunged by more than 40% in the morning, triggering a suspension of trading, which was reported at HK $0.58 before the suspension. The total market value is only HK $2.8 billion.
At the same time, Jiayuan services, a property company of the company, plunged by more than 70%, leaving a market value of only HK $410 million.
According to the equity disclosure of the Hong Kong stock exchange, on May 11, Sun Hung Kai finance obtained 73.56% of the shares pledged by Jiayuan service on the grounds of “guaranteed interests”, accounting for 100% of the shares held by the controlling shareholder. Based on the closing price of HK $2.79 on that day, the market value involved is about HK $1.256 billion.
In addition, Jiayuan international Pledged Shares to Sun Hung Kai finance for the same reason, involving 1.0365 billion shares, accounting for about 21.11%. Based on the closing price of HK $1.08, the market value of the shares reached HK $1119 million.
According to the 2021 annual report, Shen Tianqing, chairman and major shareholder of Jiayuan international, holds 93.95% equity of Jiayuan international, and he and his family also hold 74.09% equity of Jiayuan service.
platform economy and the concept of counting East and West soared
In the morning, platform economy, Eastern digital and Western computing concept stocks rose sharply, and Beijing Asiacom Information Technology Co.Ltd(301085) , Beijing Zznode Technologies Co.Ltd(003007) , Ronglian Group Ltd(002642) , Guomai Technologies Inc(002093) , Szzt Electronics Co.Ltd(002197) , etc. rose one after another.
with the concept of King’s glory
Alpha Group(002292) continuous 4-day limit
Recently, it is rumored that Alpha Group(002292) has continuously raised the limit in cooperation with King glory. After an announcement was issued last night to clarify, it rose the limit again today.
After hours yesterday, the company announced the abnormal fluctuation of stock trading, saying that the authorized cooperation project between the company and “King glory” is in the R & D and design stage, the specific time of official sale has not been determined, and the competition in the tide game market is fierce. The impact of the project on the company’s future performance is uncertain.
