Gem Billionaire Cash In Heart &Nbsp; Three Pronged Money Quickly

Since the launch of the gem and small and medium-sized boards, thousands of billionaires and tens of millions of billionaires have been brought to mass by their rolling wealth effects.

In addition to the original founders, senior executives, controlling shareholders and other "riches" of the rich group, the number of rich groups is more of the "second-class rich" who have been able to get on the express train through various means in the process of the listing of enterprises, including the personal shareholders who have increased in the name of interest pfer, equity pfer, capital increase and share expansion, and the institutions that are entered in the name of PE.

Compared with at least one year's lockout of the "first-rate rich", the desire for cash in the "second tier rich" with a shorter lock up period is more urgent. Many experts have called for vigilance against gem and small and medium board as a cash trap and cash plate.

The Huaxia Times reporter has been investigating for nearly a month, sorting out the main way of cash flow of the rich people. Among them, the high dividend dividends, resigning cash in large escape with various reasons, and conspiring with the agencies to make profit pfer are the most typical way to cash in.

High delivery mystery

Shenzhou taeyue's "high price pfer plan of 15 shares for every 10 shares is sent to 3 yuan" has ignited the boom of the whole gem.

The high delivery and rotation brought about a surge of stock price soaring, and the stocks that announced the high pfer plan generally rose more than 20%.

Shenzhou Tai Yue also created a myth of 237.99 yuan in stock price after the high delivery and good turn.

According to the reporter's understanding, under the concept of "high delivery and good turn", speculation and arbitrage games are constantly being staged.

Using stock prices to pull up, a group of previously hidden funds successfully distributed the chips and quickly realized the maximization of short-term profits.

Take China's Tai Yue as an example. As of December 31st last year, the ten largest tradable shareholders, except one natural person, were all institutions.

Among them, Yi Fang Da holds 500 thousand shares, but Yi Fang Da has no idea when he will leave the field quietly.

The short line chips include short-term private placement under various natural person accounts, as well as institutions.

For the "line rich" and "second-line rich" who did not withdraw in the stock price rally, high delivery and high score red also brought tangible benefits.

Among them, the "capital raising fund" from the public offering of "capital raising fund" has made a lot of gains for the "first-rate rich" who used to buy shares at a low cost. After obtaining the new shares, it actually amounted to a substantial increase in the capital reserve fund raised by the over raised capital.

Such a few rounds of dividends down, the "line of rich" cost is almost zero, once the stock can be cash, it can be sold without cost.

Some executives of GEM companies have told reporters in private that they are thinking about how to turn the over raised capital curve into corporate profits, such as investing income in the name of investing in some projects and some investment companies, and then dividing the proceeds by dividends. This can maintain high growth within a few years and win good reputation for good performance.

Resignation big cash

The senior executive rich in "the frontline rich" and "the second line rich" is also a cash - in - mind.

Since the beginning of the year, a more unusual phenomenon is that many executives of GEM companies frequently leave: Lijiang tourism chairman Wang Yun, vice president of Shanghai lace, Xu Bixiong, vice president Shi Wenbo of meeno, director Chen Jun Ling of Nanfeng shares, and Peng Qingjun, director and general manager of Internet technology, have resigned.

Behind the resignation of many executives, the market generally believes that in order to cash in as soon as possible.

Since May, the total number of executives of Listed Companies in two cities has been totally reduced by 147 million yuan, although the net reduction of 452 million yuan has declined compared with that in April, but it is still gaining momentum.

Among them, the phenomenon of small and medium board executives cash in is particularly serious. In May, the executives of small and medium-sized boards reduced their net holdings to 157 million yuan.

According to the current company law, the sale period of shares held by the actual controller is 3 years, and the shares held by other shareholders can not be pferred within 12 months from the date of issuer's listing.

The shares held by directors, supervisors and senior managers of a listed company shall not be pferred within half a year after leaving.

For individual pfer of restricted stock, personal income tax shall be levied at 20% of the proportion of proceeds from the pfer of property.

The current restriction policy can not stop executives' cash impulses.

According to the reporter's investigation and verification, the executives of small and medium sized boards and even GEM board often have hundreds of thousands of investment before the listing. After the successful listing, this part of the investment book value has increased to millions, tens of millions or even hundreds of millions of yuan. Compared with the uncertainty in the future and their meager annual salaries, these executives who are clear about their enterprises are seeking the fastest way and cash in cash.

Institutional collusion

Reporters learned from the senior business people of the trust company that through the trust platform, "almost anything can be done."

Trust companies have always wanted to get a slice of the speculation from the booming gem, including the pattern of profit sharing after cash in hand. Trust companies are trying, and the business manager even briefed reporters on the operation path.

According to him, after the equity pledge, the trust company will sign a trust agreement with the company, and the trust fund will be used to invest in the two tier market share of the company, and join forces with other agencies to pull up the share price.

The other way is to discount the pledge stock on the basis of the existing basis, and we will discount the price that we recognize after the assessment. The pledging can get the corresponding amount of financing. After a certain period, the two parties will complete the pfer of shares.

Faced with the crazy speculation in the initial market, institutional investors, including PE and brokerages, have formed an alliance of interests with the rich people in a way, in order to cash in and reduce the risk of withdrawal, to some extent, including mutual investment alliance projects, mutual help, successful investment projects, high price issuance, stable listing, financing assistance when necessary, a chip locking alliance, and maintaining stock price stability.

"It's not hard to understand why some organizations are frequently advocating that the share price of a gem should go to hundreds of hundred. Why do some funds shout bubbles, and when they die, they jump to 100 yuan shares?"

An investment bank told reporters.

In addition, it was reported that one of the top ten tradable shareholders of Huayi Brothers was a natural person who sold a large share of gray stock to 50% of the market price at that time, involving more than 2 million shares.

The two sides agreed to pfer the contract agreement with a price of 50 percent off, but in the specific operation, they should handle a share pledge financing contract, submit the application by the selling direction exchange, and then go to the company to handle the stock freezing procedure.

In fact, earlier rumors about some of the shareholders of the GEM companies selling their shares at a discount were not groundless. The investment bankers told reporters that large and small property exchanges and even Shenzhen's guarantee institutions were thinking about making money from the gem.

The exchange and Guarantee corporation are also doing business in the discount of shares. At present, many small and medium sized boards and GEM companies are full of mystery in the registration of pledge.

In addition, because of the problem of paying personal income tax after cash in the market, some poor financial departments of poor areas have been doing business to their securities companies everywhere.