Sina, which was listed on Nasdaq on April 13 this year, closed at $9.79 on April 28, and its stock price fell below $10.
Sina publicly issued 4 million shares at US$17 per share, raising more than US$65 million in funds. It opened at US$17.88, with the highest price on the day being US$28, the lowest price being US$17.67, and closing at US$20.78.
AtIc Securities serves as the lead underwriter, but neither Taobao Holdings nor Wukong Angel Investment holds shares in Sina, and Sina's management is embarrassed to invite Sun Jian to Nasdaq for its listing platform.
AtIc Securities Company will not spend real money to protect Sina's market. It will be a matter of time before it falls below the issue price.
Even if investors lose all their money, they will not ask SEc for advice and will be responsible for their own investment behavior!
Yinghaiwei, which was listed on Nasdaq on February 8, closed at $7.47, falling below the issue price of $8.
China.com, which was listed on Nasdaq on July 1 last year, closed at US$17.64, also falling below the issue price of US$20.
On March 10, China.com spun off and listed its subsidiary Xiangjiang.com International Network Company, named "Xiangjiang.com", and raised HK$1.3 billion (US$170 million) on the Hong Kong Stock Exchange, with Peregrine as its lead underwriter.
In a previous life, after the Nasdaq internet technology stock bubble burst, the share prices of Sina, NetEase, Sohu and China.com all fell to around US$1.
At that time, AtIc will spend real money to buy the dip.
Taobao Holdings is the second largest shareholder of Yinghaiwei, holding 18 million shares, accounting for 22.5% of the total share capital. It has no chance to cash out and can only watch the market value shrink day by day.
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"Congratulations, Mr. Ma!"
"Thank you, Mr. Sun!"
On May 5, 13.53846 billion PetroChina H shares were listed on the Hong Kong Stock Exchange. As the second largest shareholder accounting for 2.24% of PetroChina's total share capital, Sun Jian was invited to attend the bell-ringing ceremony for PetroChina's listing on the Hong Kong Stock Exchange.
In July 1998, China National Petroleum Corporation (abbreviated as Sinopec Group) was established on the basis of the former China Petrochemical Corporation. It is a state-owned company solely established by the state, a state-authorized investment institution and a state-controlled company. The registered capital of Sinopec Group is 182 billion yuan, the general manager is the legal representative, and the headquarters is located in Beijing.
China National Petroleum Corporation (CNPC) was established on November 5, 1999. One of the purposes of its establishment was to raise funds by issuing shares to foreign investors.
PetroChina is the largest oil and gas producer and seller that dominates China's oil and gas industry. It is one of the companies with the largest sales revenue in China and one of the largest oil companies in the world. PetroChina is a company established in accordance with the "Company Law" and the "State Council on Joint Stock Limited Company". "Special Regulations on the Company's Overseas Raising of Shares and Listing", a joint-stock company exclusively initiated and established by China National Petroleum Corporation.
PetroChina hired Goldman Sachs (Asia) LLC and Peregrine Securities Co. as joint global coordinators, sponsors and placement underwriters of the IPO, and published a prospectus on April 7, 2000, detailing the structure of its global offering.
PetroChina issued listed depositary receipts in the United States and h shares in Hong Kong. It was listed on the New York Stock Exchange Co., Ltd. and the Hong Kong Stock Exchange Co., Ltd. on May 6 and 7, 2000 (New York Stock Exchange). (AdS code ptR, Hong Kong Stock Exchange stock code 00857), a total of 17.58241 billion h shares were issued, the Ipo accounted for 10% of the total share capital, and the total share capital after the issuance was 175@
Affected by the collapse of the Nasdaq Internet technology stock bubble, the Hang Seng Index also fell sharply. Hong Kong investors were too busy to care for themselves and had little interest in the super large-cap PetroChina IPO. Ma Fucai, the first general manager of PetroChina, invited Sun Jian to invest.
Sun Jian agreed without saying a word.
Goldman Sachs (Asia) General Manager Adrian and Peregrine President Liang Zhongtao were greatly relieved when they heard that Sun Jian was willing to invest.
Although PetroChina and Sinopec played a role in stabilizing the market index in the A-share market in their previous lives. As inactive stocks, no institutions were willing to speculate on them and they were half-dead all year round. However, as a monopoly company, Two Barrel Oil has excellent benefits and pays dividends almost every year, twice a year. The dividend is generous, and PetroChina's 1.27 Hong Kong dollars per share is much better than depositing in a bank.
AtIc invested HK$5 billion and purchased more than 3.937 billion shares, accounting for 22.39% of the IPO and 2.24% of PetroChina's total share capital.
After rebirth, Sun Jian, who lives a low-key life and believes in being kind to others, is very lucky. This time he not only gave Mr. Ma face, but also got a chance to make a fortune.
Sun Jian also doesn’t think he has taken advantage of PetroChina. As a reborn person who is familiar with the stock market trends, he waited for the Hang Seng Index to fall below 9,000 points, bought blue chip stocks with 5 billion Hong Kong dollars, and then ran away after the Hang Seng Index broke through, turning it into 20 billion Hong Kong dollars. It’s not difficult, you can make more money than investing in PetroChina!
The issue of circulation of state-owned shares is like the sword of Damocles. As long as the official hints that it will be implemented, the A-share market will plummet. If it is clear that it will not be implemented for the time being, the A-share market will definitely rise sharply. However, the issue of state-owned shares circulation will have to be resolved sooner or later.
After taking office, the new leader of the Securities and Exchange Commission Zhou expressed his intention to actively and steadily solve the problem of state-owned circulation.
Beginning on March 13, 2000, as the Nasdaq Internet technology stock bubble burst, A-shares also experienced substantial adjustments. The government took a protective attitude towards the domestic stock market and was worried about the pressure of expansion. Large enterprises such as PetroChina, Sinopec, CNOOC, Jiangxi Copper, Chinalco and China Life... will arrange listings in Hong Kong and overseas.
For a long time, the A-share market has accepted many state-owned enterprises with poor assets under the guiding ideology of serving the reform of state-owned enterprises.
On January 6, 2000, the three major newspapers published an article "Strive to build and develop a healthy, well-ordered, and safe securities market" by Zhou J, a leader of the Securities and Exchange Commission. On January 7, A shares soared 3.3%.
On February 13, the Securities and Exchange Commission issued a notice to allocate new shares to secondary market investors, and the market was close to its daily limit the next day.
On February 15, the first 100-yuan stock, Yian Technology, was born, hitting a new high of 126 yuan two days later. . A week later it fell below 100 yuan. The company's original name was Shen Jinxing, but it was later backdoored by Yi'an Technology to integrate various high-tech concepts into one.
On February 24, Zhou Xiaochuan assumed the leadership of the Securities and Exchange Commission.
On March 14, the Securities and Exchange Commission announced that the allotment of shares would be gradually arranged to be listed starting in April.
On April 3, the first batch of allotment shares of Oriental Pearl, Waigaoqiao, etc. were listed. Shareholders who bought the allotment shares of Oriental Pearl, Guomai Communications, Jiangcheng Changyin, Pengkejian, etc. through the allotment certificates unexpectedly made a lot of money. .
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On May 7, PetroChina reached a high of HK$1.72 and a low of HK$1.35. It closed at HK$1.53, up HK$0.26, or 20.5%, with 573 million shares traded.
