Chapter 1446 [Using the Black Swan Event to Complete a Round of Risk Release]

Among the companies that have registered and listed, except for the 15 that refused to sign, the remaining 1,661 listed companies all agreed to sign the supplementary agreement.

It is foreseeable that once the refusal of these 15 listed companies to sign the supplementary agreement is exposed, the stock price will definitely plummet, and the limit down is almost a foregone conclusion.

Because refusing to sign the supplementary agreement of the new delisting rules is equivalent to the act of self-detonating a truck, which is equivalent to shouting to the whole market with a loud speaker that the company is hiding a rolling thunder. It is conceivable that if investors holding the stocks of these companies knew about it, they would tremble and would be so scared that they would place orders overnight and run away regardless of the cost.

Even if the company itself has no problems, as long as it is unwilling to sign, investors will definitely not dare to gamble, and would rather believe it.

The 15 listed companies that refused to sign are all small-cap stocks, namely Ruishengxun, Jingyankang, Mude Shares, Herui Electric, Huifuwei, Zhuofulong, Rongbao Holdings, Chengtong Shares, Bailihua, Jinhui Group, Shuotianchuang, Haililin, Yiou Shares, Haixun New Materials, and Hengtonghui.

Yiou Shares, which has the largest market value, currently has a market value of 4.275 billion, and Zhuofulong, which has the smallest market value, currently has a market value of 1.059 billion. This stock is now called *ST Fulong.

These 15 companies refused to sign the supplementary agreement, and they will only be forced to delist.

…

At this moment, Fang Hong turned to look at several other material reports, mainly the financial status of several star companies under the Qunxing Star System. He was most concerned about the cash flow problems of companies such as Xingyu Technology and Matrix Quantum.

The purpose is still to deal with the "mask incident". Once this super black swan appears, it will definitely impact the capital market.

Even if the mainland is well controlled and only spreads in a few local areas, it will spread rapidly abroad with a "sweeping momentum", causing a bloodbath in the global capital market. The mainland will definitely be in panic, and the SGX market will certainly not be able to stay out of it no matter how strong it is.

The spread of panic sentiment, the higher the operation, the more people will have a strong desire to sell when the external market generally falls sharply, and the more people will choose to avoid risks because they are worried that they will not be able to hold on later. They all think so, so they will fall sharply, and then become an established fact.

In short, in February and March next year, with the continuous circuit breakers of the collapse of the magnesium stock market, the global market will plummet, and the SGX market will be inevitable.

What Fang Hong has to consider now is not to prevent the market from falling. In that case, it is a time when everything is mixed and it is impossible not to panic. If the market is not allowed to fall at all, it is necessary to close the market and not allow trading, but it is obviously not possible to do so. The venue still needs to open as usual.

Obviously, Fang Hong has to consider how to pull it up after the plunge. The plunge cannot be too severe. At that time, the stabilization fund will definitely take action, but in the case of a panic index that goes off the charts, the stabilization fund alone cannot hold it.

Fang Hong is now looking at the cash flow of listed companies in major galaxies, especially those star-level companies, and has decided to let these companies announce stock repurchases in the secondary market, and directly cancel them after the repurchase.

All repurchases are real money, and the repurchase intensity cannot be small. At that time, it will not be a problem to stabilize the panic-filled market and pull it up again.

Fang Hong secretly thought: "Next year's black swan explosion market is not entirely a bad thing. It is a good time node for turnover."

The SGX market has risen above 5,000 points since its opening in 2016. Too many people have received rich returns on investment. Although a group of people have made money and left by adjusting the constituent stocks of the SGX 50 Index, there are still quite a few people who do not want to leave and want to make more money.

Next year's "mask incident" can also be regarded as an opportunity. This super black swan will surely scare many people who are reluctant to leave and make them jump out of the car impatiently. From this perspective, it is a good window for clearing profits, which is equivalent to taking this opportunity to release a round of risks to the SGX market, so that they will not accumulate and be released in a concentrated manner later.

The SGX 50 Index has been rising for three and a half years. As the profits become more and more abundant, the former bulls will gradually turn to bears, and these former bulls will gradually become the pushers of the market's plunge.

The reason is also very simple. The more profitable the people are, the more ruthless they will be when they smash up, and the more profitable the people are, the more unscrupulous they will be when they smash up.

With the help of this black swan, a round of large-scale turnover can be achieved, and the risks can be released in stages. The short-selling volume can be vented, which will be transformed into the accumulation of long-selling power, laying a solid foundation for the future market to rise above 10,000 points.

…

The next day, Tuesday, the SGX 50 Index closed up again, up +0.79%. The Shanghai and Shenzhen stock markets next door were proud of themselves on Tuesday. The Shanghai Composite Index rose +2.58%, regaining the 2,900-point mark, and the Shenzhen Component Index rose +3.74%, regaining the 9,000-point mark.

In the next few days, the three major A-share indices all entered an adjustment period.

At around 14:42 on Wednesday afternoon, a rumor suddenly spread, causing five stocks on the SGX market to fall straight to the limit in the late trading.

A source broke the news that five listed companies listed on the SGX, Yiou Shares, Shuotian Chuang, Haililin, ST Haixun, and ST Jinhui, refused to sign the supplementary agreement on the new delisting regulations. As soon as the news came out, the five stocks named responded with a flash crash, and the stock price plunged vertically at 90 degrees to close the limit.

Even though the other seven ST stocks were not named, they also plummeted, among which ST Jingyankang, ST Mude and ST Herui all hit the limit down.

The attention of the five stocks named also soared rapidly, and the number of comments in the stock bar comments area suddenly increased significantly compared to usual.

[What the hell? What happened? Why did it suddenly drop to the limit? ]

[I'm so unlucky. I just bought three layers of Yiou shares and it fell straight to the limit. I vomited blood. It's too fucking bad! ]

[Those who can afford to buy individual stocks on the SGX are all rich big investors. We small investors can just watch the show. ]

[What's going on? The order is so large? ]

[It just came out that Yiou shares refused to sign the supplementary agreement of the new delisting rules of the SGX. Why did they refuse to sign? This shows that there is a problem with this company, and there is a thunderbolt! ]

[Oh, it's over, no wonder it fell straight to the limit. ]

[Run——! ]

[I can't run away. The car door has been welded shut. ]

[In addition to this stock, there are also Shuotian Chuang, Haililin, ST Haixun, and ST Jinhui, all of which have fallen to the limit, and the other 7 ST stocks have followed suit. ]

[I'm so dumbfounded. Didn't ST Jinhui say it would be delisted next week? ]

[Open the board, let me out, I don't want to play anymore, give me my money back...]

[The capital chain of the orders on the limit down board is welded shut. ]

[It will be a limit down tomorrow. ]

[If you refuse to sign, you will be delisted according to the new rules. See you on the old third board... (covering face.jpg)]

[I thought it was the former ST WeChat? It's best not to touch ST stocks in the SGX market. All ST stocks will be blacklisted. Don't bet on a reversal. ST stocks in the neighboring Shanghai and Shenzhen markets will at least be hyped. If the stocks of the SGX are ST for half a year and there is no improvement, they will be directly *ST. If they can't be delisted in another half a year, they will be directly forced to delist unconditionally. ]

[I bought Haililin, it's really unlucky. ]

[No way? Is the news reliable? Will it really be delisted to the old third board? ]

...