Lu Tai B Shares Are Expected To Be Re Acquired By Lu Tai Textile

Always forgotten in the corner. B Shares It is returning to public view. "Buy back" will become a new opportunity for B-share reform.

2 days, Lu Tai A (000726) and Lu Tai B (200726) double announcement issued a week suspension. Once the news came out, it was immediately thought that the market would open up a new situation for B-share reform.

5 morning, the Economic Herald reporter went to Zichuan Lu Tai for an interview. At this point, Lu Tai's employees came to the factory on a shuttle bus and started the day's work in an orderly way. "The company's operation is in good condition, and the first quarter performance has declined, mainly due to the extension of workers' Spring Festival holidays, and the two quarter performance will rebound." In Lu Tai's general manager's office, a staff member told the reporter. Buy back or become a big probability event

"All the news is based on the announcement. Before that, we will not accept the interview." The company's securities department staff told the reporter that he also stressed that the relevant information will be disclosed in accordance with the requirements of the exchange.

When the reporter presented an interview with the company leader, the staff member said, "the company leaders are meeting now, discussing major issues and not being interviewed."

Subsequently, the staff of the general manager office also reported to the guide reporter, "the leader responsible for the matter is not in the locality." The staff said that whether or not major matters should be repurchase B shares is a decision of the leadership, which is not clear to them.

Although Lu Tai A has kept tabs on the buyback of B-shares, the market has identified it as a big probability event. Many investors have designed multiple buyback programs for Lu Tai A and are optimistic about their buyback B shares.

The reporter noted that the day before the suspension, Lu Tai A closed at 8.2 yuan / share, and the stock price of Lu Tai B yuan was about 20%. According to the view of some investors, repurchasing B shares at a lower price can narrow the company's capital stock and raise earnings per share and other indicators, which will drive the company's stock price to become stronger.

The valuation of B shares is lower. If A decides to buy B shares, it will also be good news for B-share shareholders. On the 6 day, Li Xing investors holding Lu Tai B shares told the reporters. Regulators "express"

As a matter of fact, the positioning of B shares has been a long-standing issue. The debate on the future of B-share market has never stopped. The voice of its reform has also springing up. Especially since the news of "opening up" of the international board has spread, rumors of A and B share merger have prevailed, but then they were denied by regulators.

However, when Guo Shuqing, chairman of the securities and Futures Commission, recently investigated in Guangdong, the position of "studying and solving the development problem of B-share Companies" undoubtedly brought a spring breeze to the market. This is seen by the market as the B-share market reform which has always been concerned. It may have a draft at the decision-making level.

Liu Baomin, an analyst at Qilu Securities, said in an interview with a newspaper reporter on 6 days that the B share market has its own specific environment. A very important purpose of launching the B-share market is to raise foreign capital, but now our foreign exchange reserves have exceeded 3 trillion US dollars, and foreign capital can also participate in A shares through various channels, and the financing function of B shares is also shrinking.

"Guo Shuqing's position has brought important investment opportunities to B-shares." Datong Securities chief strategist Hu Xiaohui said that the B-share reform expected in the future. The biggest difference between A and B shares is the restriction on individual purchase of foreign exchange, and the financial reform includes cancellation or relaxation of restrictions on individual purchase of foreign exchange, and the expectation of RMB appreciation has been greatly weakened, and the desire to purchase foreign exchange gradually increases. This bottleneck is expected to be solved. Exploring reform mode

At present, there are nearly 100 B-share stocks in Shanghai and Shenzhen two cities. Because the regulators did not formulate specific reform measures, there are different opinions about the reform of B-share market: the company's cancellation, merger into A shares and merger of H shares and other options have become the focus of investors' hot debate, but the specific regulatory plan needs further consideration.

In a communication with Lu Tai A shareholders, the reporter found that many investors repurchased the company. Cancellation of shares More welcome. However, seemingly "once and for all" measures are not easy to carry out. CITIC Tong Analyst Qian Xiangjin believes that "at present, Shanghai and Shenzhen two B-share market volume is larger, A shares listed companies may not be able to get so many idle funds for buyback B shares."

There seems to be a big uncertainty about the "A share" scheme favored by B-share investors. Liu Baomin analysis said that A shares and B shares are different in many ways, so they should not be simply merged. This needs to consider the interests of all investors and design a complete set of mechanisms.

"In the long run, A shares and B shares will become a major trend, which will also benefit the development of the securities market." Liu Baomin believes that the current regulatory authorities have noticed the problem of B-share reform. It is expected that with the deepening of reform, the specific arrangements for B-share reform will also be gradually introduced.

A shares and B shares are different in many ways, so they should not be simply merged. This needs to consider the interests of all investors, and design a complete set of perfect mechanism for Lu Tai textile exploration and buy back B shares.