"Professional Prized Board King" Behind The Tianban Of Rendong Holding: Hot Money Joint "Knife Edge Licking Blood" Senior Executives "Precise Lurking"

After 14 consecutive trading days, a fierce long short game was staged on Rendong holdings.

In the early trading of December 15, Rendong holdings recorded its 15th limit. Within three minutes of the opening of the trading, more than 1.7 million shares of mysterious funds suddenly appeared, ate all the huge sales orders, and pushed the company's stock up and down. On the same day, the total turnover of Rendong holdings reached a one-year high of 3.303 billion yuan, and the turnover rate exceeded 44%.

The 21st century economic report reporter looked up the data of dragon and tiger list on that day and found that the strange trend of the "Earth Sky board" or a joint warping of the "collusion" of the major hot money. The top five buying and selling seats were all business department seats. Among them, "Everbright securities Foshan Lvjing Road Securities Business Department" (hereinafter referred to as "Everbright Foshan Lvjing road") ranked first in the dragon and tiger list with the purchase amount of 359 million.

What is worth mentioning is that Everbright Foshan Lvjing road is a well-known hot money investor in a shares, nicknamed "Foshan shadowless feet". It has been operating well-known demon stocks such as Jiangnan Jiajie (3600 predecessor), Meijin energy and other famous demon stocks since 2016. With the fast in and fast out style of "low price limit board" and "next day profit stop loss stop", Everbright Foshan Lvjing road has been called "professional prying board king" by shareholders.

However, at a time of hot money chasing, Rendong Holdings has just been questioned by the Shenzhen Stock Exchange. Its senior management team may buy shares of listed companies without disclosure, and the buying period coincides with the rising period of the company's share price.

In this regard, the 21st century economic reporter repeatedly called the Securities Department of Rendong holdings, but no one answered.

Hot money may buy up to 5% in one day

On December 15, Rendong holdings staged a startling scene: at the beginning of the trading, the limit was one word lower, and more than 1.61 million hands were closed. Three minutes later, a number of more than 100 million orders were combined to pry the board to the limit. Within one minute, the turnover exceeded 2.1 billion yuan. Until the closing, there were still 44200 hands buying orders and sealing the limit board.

It is worth mentioning that as early as the 11th consecutive day of Rendong holding's falling limit, the website of Shenzhen Stock Exchange issued the announcement on suspending the financing purchase of "Rendong holding", saying that the financing purchase of the underlying stock would be suspended from December 9, 2020.

According to the announcement, according to the margin trading business data submitted by securities companies, as of December 8, 2020, the financing balance and the market value of credit account of Rendong holdings reached 25% of the marketable market value of the shares.

This means that billions of buying money have no floor leverage. After the closing of the night, the truth about the ownership of the big bill was revealed. Several hot money tycoons jointly prized the board, and the total purchase amount of the top five dragon tiger list seats was as high as 681 million yuan, accounting for 20.61% of the total transaction amount of the day.

Among them, Everbright Foshan Lvjing road purchase funds accounted for 10.87% of the total transaction volume on that day. It is worth noting that if calculated by the lowest price of 12.38 yuan / share on the same day (limit price), the number of shares purchased will reach 28.9984 million shares, accounting for 5.18% of the total share capital of Rendong holdings, touching the brand line. But as of the 21st century economic report reporters before the press, Rendong holdings did not release the announcement was raised.

Huafu Road Securities Business Department of Shenzhen Branch of Haitong Securities, the second largest buying seat, was not unknown. It bought 135 million yuan on the same day, accounting for 4.09% of the total transaction volume on that day, and sold 666500 yuan. The 21st century economic report reporter inquired and found that the sales department seat has also participated in the speculation of Tianshan biological, kabiyi, xiuqiang shares, Tesla concept stock Tongfeng electronics and other stocks.

The third largest seat was Pacific Xuchang Jian'an Avenue Securities Business Department, which bought 89.469 million yuan, accounting for 1.35% of the total transaction volume of the day. It is also one of the hot money tycoons with A-share fame. It has participated in the stock speculation of Ningbo Huaxiang, Hemei group and Liaoning Chengda. In addition, the fourth and fifth largest business department seats were respectively China Galaxy Xiamen Meihu Road Securities Business Department and Federal Reserve securities Huzhou Fenghuang Road Securities Business Department. They bought 49.6954 million yuan and 47.312 million yuan respectively, and sold 6000 yuan and 25328900 yuan respectively.

The 21st century economic reporter noticed that the securities business department of Fenghuang Road, Huzhou of the Federal Reserve securities company, and the securities business department of Jian'an Avenue, Xuchang, Pacific, were "old partners", and they participated in the speculation of CICC and other stocks together.

Mystery of insider trading to be solved

At the time when all kinds of hot money join hands to "lick the blood", the 21st century economic reporter noticed that the crisis of Rendong holding was to be solved, which may involve the illegal trust and manipulation of stock price by senior executives.

The crux of the problem comes from Chongzuo zhongshuo business management consulting partnership (limited partnership), the sixth largest shareholder of the company. It first appeared in the top ten shareholders of Rendong holdings in the annual report of 2019. At that time, Chongzuo zhongshuo newly held 15.2803 million shares, accounting for 2.73% of the total equity. After several increases and decreases, Chongzuo zhongshuo held shares as of the third quarter of 2020 The number of shares was 1.988 million shares, with a shareholding ratio of 3.55%.

However, after multi-layer penetration, 21st century economic reporter found that several senior executives of Rendong holdings hid among them, and did not disclose it.

According to qixinbao data, Chongzuo zhongshuo was established on October 7, 2019, with unknown registered capital and paid in capital. The shareholders are Lengshuijiang zhongshuo enterprise management partnership (limited partnership) (hereinafter referred to as "Lengshuijiang zhongshuo") and Lengshuijiang Ruijin Enterprise Management Consulting Co., Ltd. (hereinafter referred to as "Lengshuijiang Ruijin"), and the latter is the shareholder of the former with a registered capital of 500000 yuan.

Among them, the shareholders of Lengshuijiang zhongshuo are natural persons Wang Shishan, Shao Mingya, Huang Hao, Liu Changyong and Lengshuijiang Ruijin, with shareholding ratios of 24.8756%, 24.8756%, 24.8756% and 0.4975%, respectively. Wang Shishan, Huang Hao and Liu Changyong are senior executives of Rendong holding, of which Wang Shishan is the vice chairman, general manager and chief financial officer of Rendong holding, and Huang Hao and Liu Changyong are both deputy general managers.

The 21st century economic report reporters refer to the company's regular reports and find that for the company's executives and shareholders, Rendong Holdings has not clearly disclosed.

"If there is a related relationship, it should be disclosed, especially for the fund controlled by senior executives. It is indeed a little suspicious that the company's shares are bought and sold by the fund controlled by senior executives. If the information disclosure is carried out, it will be of positive significance to return the senior management's innocence and return the public investment to understand. As to whether there is insider trading, we need to wait for the conclusion of the investigation. We need to ask the inspection bureau or the inspection team of the CSRC to understand the investigation situation. It would be better if the criminal law decision is issued. " Liu Junhai, director of the Institute of commercial law of Renmin University of China, said in an interview.

On December 15, the reporter also called Lengshuijiang zhongshuo (the same as Lengshuijiang Ruijin's public telephone number) for external contact, but the system showed that the number was empty.

What's more strange is that compared with the time when "zhongshuo system" was established and increased its holding in Rendong, we can find that it coincides with the rising period of the stock price of listed companies.

Prior to this, it is not difficult to find out that Rendong holdings announced that Haidian state-owned assets took the company's controlling right on July 30, 2019, which is the "starting point" of Rendong holding's slow bull. Just one month after the transfer of control shares, Lengshuijiang Ruijin, the executive partner of Chongzuo zhongshuo, was established. Then, on October 14, 2019, Chongzuo zhongshuo was also established and entered the secondary market.

During this period, the share price of Rendong holdings first reached the lowest point of 14 yuan on November 12, 2019, and then rose all the way to the highest value of 25.52 yuan on December 20, 2019. Although the share price of Rendong holdings also had a certain range of correction soon, it still showed a slow rise trend on the whole. If calculated according to the average price of Rendong holdings from October 14 to December 2019 (the same below), the position cost of Chongzuo zhongshuo is about 290 million yuan.

In the first quarter of 2020, due to the influence of epidemic situation and other factors, the stock price of Rendong holdings was temporarily reversed but stabilized rapidly. During this period, Chongzuo zhongshuo continued to increase its holding of 5.81 million shares, with a total of 21.09 million shares, ranking the seventh largest shareholder of Rendong holdings, and the cost of adding positions was 143 million yuan. In the third quarter of 2020 (the company's share price rose by 58%), Chongzuo zhongshuo reduced its holdings of 1.2206 million shares of Rendong holdings, and realized 57 million yuan based on the average price of 46.85 yuan per share.

The announcement also showed that as of the third quarter of this year, 24.16% of the shares held by Chongzuo zhongshuo were held by Minmetals securities clients' credit trading guaranteed securities account. However, it is worth mentioning that if Chongzuo zhongshuo does not reduce its holdings in the fourth quarter of 2020, the investment will float to a loss of 19.94% as of December 15.

The "coincidental" relationship between Chongzuo zhongshuo's increase and Rendong's share price has attracted the attention of regulators.

On the evening of December 14, the Shenzhen Stock Exchange issued a letter of concern, requiring Rendong holdings to explain "the time, reason, ownership structure and actual controller of Chongzuo zhongshuo, and whether it needs to fulfill the obligation of information disclosure" and "the specific situation of Chongzuo zhongshuo trading your company's stocks since the first transaction, indicating the source of funds of the institution, and self checking whether the relevant transactions are in violation Information such as violation of laws, etc.

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