Shell Stocks Are Too Expensive To Invest.

The shell business is ushering in a major change. A message about the suspension of the stock market is circulating in the circle of friends, and the capital market has responded quickly to this rumor.

This is a sad Friday for the investment banks and shell investors who have stocks in China. Everyone is nervously waiting for the official statement of the SFC.

Zhang Xiaojun, a spokesman for the securities and Futures Commission, responded to the rumors in the market, which indicated that there were great particularities in the stock market's return to the A share market.

The SFC is conducting an in-depth analysis of the possible impact of such enterprises on the return of A share market through IPO, mergers and acquisitions.

Before and after the news came out, the different attitude of the interviewees to the shell business also confirmed the turning point of the shell Market from another aspect.

An investment banker is no longer in the mood to accept any interviews anymore. He is busy dealing with the stock market, and before this happens, he will talk with me about the hot shell Market.

By contrast, the attitude of the private sector is more optimistic.

Zhong Zhifeng and research director of Chuang Shi Xiang talked about the impact of this matter on their investment in shell concept stocks. He said that the fall in shell prices is actually good for promoting backdoor trading, and they will be more likely to find the shell that meets their value investment. "Shell stocks are too expensive now," he complained.

After many times, Wang Jiang, vice president of Taurus holdings, who tried to backdoor listing, finally presented an opportunity to meet with the general manager of a listed company through the introduction of the local government. The first thing I thought of the other party's meeting was, "you are already the fifty-eighth backdoor company I have ever seen."

When the Shanghai Composite Index reached a 5000 point madness and plunged rapidly to 3000 points, the A share market was greeted by another craziness -- backdoor.

With the unexpected suspension of the registration system and strategic emerging board in March this year, the participants in the capital market tended to be more fanatical about the pursuit of the shell.

Some people call it the end of the day before the registration system.

No one cares about the number of profit sheets disclosed by the shell company, and they are more concerned about whether they have debt; no one cares about the industry in which the shell companies are in the mineral industry or the clothing industry, or even the premium premium of 1 times the shell company, which they care about is a string of seemingly meaningless six digit stock codes.

Executive director of the acquisition Department of Huatai Securities

In other words, the value of shell is equal to that of shell.

The value of approval.

Waiting for IPO for at least 2-3 years, and backdoor listing may only take six months to a year; IPO needs to be examined by the trial committee, and the backdoor listing only needs to be reviewed by the merger and reorganization committee.

When faced with such a multiple-choice question, the borrower is more willing to choose the latter, trying to offset the time and difficulty of IPO with the cost of shell buying.

Since the beginning of this year, the price of the shell has risen, and the small value shell company of 2 billion yuan is hard to find. The shell that was regarded as 4 billion yuan before has been chatted with at least 50 backdoor vendors.

3 months ago, we would carefully examine the conditions of the shell, and now the intermediary of the investment bank will directly ask, "brother, do you have a shell?"

Therefore, the shell company suddenly became a popular fan of "leftover women".

There is no shortage of the traditional industry bosses who are preoccupied with the rich and handsome halo, and the traditional industry bosses who are preoccupied with the bargaining table. They are reliable or unreliable intermediaries (they are affectionately known as "capital brokers" in the capital market), and there are a group of opportunistic, adventurous and neurotic investors.

These people, as well as their stories of buying shells, selling shells, shell shells and shell shells, are just like the thrilling American drama being staged in the capital market.

Shell business does not conform to established businesses in the past.

And rank order.

The owner of a new industry company with a net profit of 300 million yuan has been losing money for two consecutive years. The general manager of the shell company, whose market value is only 20 or 3 billion yuan, does not have much to say. Even the former and the latter have to be seen through the local government or the "hard" relationship.

However, the bustle of the shell market has also attracted the attention of the SFC.

At a recent regular conference, the SFC indicated that it was highly concerned about the market arbitrage and the speculation of shell resources in China and abroad. It is carrying out in-depth analysis on the possible impact of such a return on the A share market through IPO, merger and reorganization.

Those close to the SFC said that in the future, it would be possible for the proposed stocks to run a full accounting year after the return of the shares.

There are indications that the SFC is becoming more cautious about the backdoor market.

Whether the shell market can flourish remains unknown.