Starting with a fully invested A-share portfolio to become a capital...

Chapter 151: The 924 Market Resurgence, Restructuring and Reorganization Announcement Issued

As the minute hand of the clock struck 15, the stock prices of nearly 2000 A-shares began to fluctuate. As Zhang Yang had predicted, Kainuo Technology was immediately hit with a limit-down order.

next second.

The limit-down orders were immediately reversed.

Liao Guopei, Lin Guangchang, and Zhang Yang were watching the opening auction screen, placing orders one after another to try to eliminate the impact of "Fuchun Road".

Seeing this, many panic investors were immediately confused.

[Count Rodriguez]: Is the pre-market auction for Kainuo Technology really that intense? This is clearly a signal that funds are supporting the price and pushing it upwards.

[Wind Blows Gently]: If you're on the same bus as that ruthless dealer on Fuchun Road, just leave when there's a profit. Wait until 924 hits you, and you'll feel refreshed and elated.

[Youngster]: You're right, be careful you don't get stuck later!
Where there is fear, there is greed.

Upon seeing that funds were supporting the market and the price quickly corrected itself, some people immediately canceled their orders to see what was going on.

During the five minutes from 9:15 to 9:20, order cancellation is allowed but will not be completed.

The purpose of these five minutes is to allow all funds to engage in numerous costless games and find their desired balance.

It's worth noting, however, that these five minutes also include bidding white dots and intraday volume, which are also known as "fraudulent time".

After calming the panic and stabilizing the intraday market, Liao Guopei looked at Zhang Yang and said, "Joker is really a prophet. There really were people who placed sell orders at the daily limit down overnight."

"As expected of Fuchun Road, its infamous reputation is widespread," Lin Guangchang remarked.

"Stock trading is a psychology discipline. Understanding how to read the minds of different investors can greatly increase your chances of winning." Zhang Yang replied to the two men in the calmest voice, his gaze never leaving the screen.

It was this calm and collected tone, as if he were in complete control, that impressed Liao Guopei, Lin Guangchang, and Xu Zhiruo and Xu Zhirou who were watching from the side.

Xu Zhiruo knew Zhang Yang was good at stock trading, but she didn't expect him to be this good.

Just like Zhuge Liang, the Crouching Dragon, who strategized and won battles from afar, he controlled the battlefield situation with ease.

Xu Zhirou, who was standing to the side, was curious and wanted to see what Xu Zhiruo was up to. After all, last night the other party suddenly seemed to be possessed, studying hedging strategies and saying that she wanted to become a master of hedging strategy investment.

She didn't know until she saw it that Zhang Yang was a devil, like Satan who was good at manipulating people's hearts, and who could analyze the psychology of all retail investors' funds clearly and thoroughly.

Stock trading involves countless funds playing a game, but what lies behind those funds?
It's people!

It is the human heart, and it is human nature!
A truly top-tier speculative investor must not only understand the interplay between macroeconomics, microeconomics, and the stock market, but also be adept at understanding human psychology and considering issues from the perspective of various types of capital.

……

At 9:19, Zhang Yang, his eyes still glued to the screen, said, "There will be a wave of selling pressure at 20 minutes. We need to absorb it all and keep the stock price at a level of 5.09 yuan. I predict that the volume of the sell-off will not be very large. This is the first test by panic funds and profit-taking funds."

"receive."

"learn."

Liao Guopei and Lin Guangchang responded quickly, their nerves suddenly tense.

Just as Zhang Yang had predicted, at 9:20 a.m. a batch of sell orders appeared, ranging from 5 yuan to 5.08 yuan, which was slightly lower than the horizontal line.

On the intraday chart, the upward momentum suddenly surged, with the unmatched volume reaching 1798 lots, 1300 lots more than the volume in the previous 9 seconds, showing a strong upward trend.

But 9 seconds later, the matched volume below also surged, compressing the unmatched volume to less than 100 lots, and a red bar canceled out the green bar in front.

It's important to note that during the pre-market auction period from 9:15 to 9:25, the volume is refreshed every 9 seconds, not every minute after the market opens.

9 points.

9 points.

9 points.

As the time approached 9:24, selling pressure increased significantly, and many retail investors feared a repeat of the "924 market crash".

Even Zhao Qiang, who has an excellent mindset, is now pondering whether he should sell half of his chips to leave himself more room for maneuver.

The notorious "Fuchun Road" stock has a terrible reputation among the new generation of speculative investors, and it doesn't join any communication groups. Almost all speculative investors say they don't know anything about it.

"The news of Meijin Group's backdoor listing is true. Fuchun Road shouldn't dump its shares. If it does..." Zhao Qiang paused for a moment, then said frankly, "Just consider it a misjudgment of the trend."

He bought in at 4.87 yuan at midday yesterday. If he had sold at yesterday's closing price, he would have only made 0.22 yuan per share.

If we take 100 million shares as an example, the net profit would be only 22 yuan.

Moreover, Zhao Qiang only holds less than 46 shares, so he really doesn't care about a profit of 10 yuan, given the size of his capital.

Not only Zhao Qiang, but all the other travelers in the same car were sweating bullets as the time approached 9:24:50, their hearts pounding in their throats.

Chen Sanrong (the guy who jumped off a building), who was far away in Shenzhen, was so afraid of being trapped again that he decisively sold half of his shares, not daring to gamble on the bad luck of the "Fuchun Road" stock.

"The selling pressure has increased."

"Unmatched volume exceeds 2300 lots!"

Liao Guopei and Lin Guangchang raised their voices and spoke the information they saw on the chart.

Sitting in the main seat, Zhang Yang remained calm and composed, instructing Liao Guopei: "Shadowless Kick, Yangjia, place 10 lots of limit-up orders, the market maker will take all."

On the previous trading day, the closing price of Kainuo Technology was 5.09 yuan, and the limit-up price was 5.6 yuan. The total value of 10 lots was 5600 million yuan.

"10 lots?"

"Go all in and pump it up?"

Liao Guopei and Lin Guangchang were taken aback.

They already hold 8000 million yuan worth of shares. If these 10 lots are placed and all are traded, their holdings will instantly reach 1.36 million yuan, just reaching the 5% control threshold for ultra-short-term holding.

"Everyone is looking forward to the September 924th market rally, so let's give everyone a surprise."

Zhang Yang smiled faintly.

Yesterday morning, near the end of the trading session, they tested the waters by pushing up the price with small and medium-sized orders. In the afternoon, a large amount of funds flowed into Kainuo Technology, and the stock price rose by 7.3% near the close of trading at 3 pm.

With only early morning intervention, other funds pushed the price up to 7.3%, indicating that the vast majority of funds were willing to go long.

Now that it was clear that other funds were willing to go long, the goal of Zhang Yang, Liao Guopei, and Lin Guangchang was no longer to "secretly form cliques," but to shake retail investors off the train as much as possible.

How to shake off retail investors?

It's very simple, we just need to catch them off guard!
Experienced stock market investors know that when a market rally starts, it often happens very quickly, and ordinary retail investors simply can't react in time.

With the malicious manipulator "Fuchun Road" around, they can take advantage of this and use the "924 market" to carry out a final cleanup.

Liao Guopei didn't ask why, and Lin Guangchang didn't dawdle either, because they had very little time left. The moment Zhang Yang said "surprise," they had already opened their respective securities accounts and were just waiting for the last 10 seconds to arrive.

9:24:30.

9:24:40.

9:24:49.

As the second hand ticked again, all the investors who were watching Kainuo Technology were on edge, and sell and buy orders popped up almost simultaneously.

"What the hell?"

"I wipe?"

"Isn't it?"

When they saw the red pillar of light rise from the ground, Zhao Qiang, Yun Tao, Chen Sanrong, Ma Xinqi and other speculators felt a sudden tremor in their hearts, and the essence of Chinese culture resonated with them.

There was indeed a market rally on September 924th, but it wasn't a crash; rather, it was a sudden, explosive surge!

[Little Rabbit]: Holy crap, DJ, is there really a 924 rally? And a super surge like a sudden, dramatic rise!!
[Warhorse Charge]: No! I haven't even boarded the train yet. Has the market started moving?
[King of Shabak]: I don't care who you are, take off your Fuchun Road disguise right now, this is not the Fuchun Road I know!
[Past Events Drift Away with the Wind]: This might not be Fuchun Road, because this kind of bold and decisive approach, where one person monopolizes all the sell orders in the pre-market auction, I think it might be the mastermind Xu Xiang.

According to the call auction rules, all orders matched between 9:15 and 9:25 are in the "proposed trade" status, not the officially traded status.

When the call auction ends at 9:25, the trading systems of the Shanghai Stock Exchange and the Shenzhen Stock Exchange will follow the principle of maximum trading volume and automatically select the price with the largest trading volume and the highest price in the call auction for execution. This price is the opening price.

For example, A places a sell order of 100 lots at 10 yuan, B also places a sell order of 100 lots at 11 yuan, and C places a sell order of 100 lots at 12 yuan. At this time, there are 300 lots of unmatched volume in the opening auction.

Suppose A first places a buy order for 100 lots at 10 yuan, and then B places another buy order for 100 lots at 11 yuan. Then there will only be 100 lots of unmatched sell orders left outside.

If you want to take all the matched sell orders from A and B, including the 100 unmatched sell orders, you only need to place a buy order for 300 lots at 11.1 yuan, and the A-share stock trading system will prioritize executing the trade for you.

Simply put, from 9:15 to 9:25, including the sell orders submitted in advance at night, they are all asking the matchmaker to find buyers. If you place a limit-up order, the number of orders that can be executed will be the largest, and all the sell orders will belong to you.

The one with the largest trading volume and the highest price will absorb all the sell orders during the opening auction.

It's worth mentioning that if no one places a limit-up order, absorbing all sell orders in the pre-market auction, and your bid exceeds the maximum trading volume price, which is the opening price, then your order will be invalidated.

……

Ningbo Jiefang South Road.

VIP room at Galaxy Securities branch.

Xu Haiou couldn't hold back any longer. He lit a cigarette, took a deep drag, and slowly exhaled, saying, "Big and sweeping moves. He drives up prices when others are fearful. This trader on Fuchun Road is something else. He's at least a second-tier speculative investor."

"His skill level is indeed quite good."

A hint of appreciation flashed in Sun Guodong's eyes.

All funds were fearful of the "924 market rally" and dared not make any rash moves, but "Fuchun Road" placed a large number of limit-up buy orders at 9:24:50, taking over the entire market.

This not only dispelled the concerns of investors who were afraid of heights and speculative funds, but also attracted a large amount of funds that were waiting on the sidelines.

"Follow or not?"

Shu Yimin inquired.

Xu Xiang is busy with private equity matters, and now the daredevil speculators are watching Sun Guodong's attitude; he is the temporary leader.

"with!"

Sun Guodong did not hesitate.

They all knew the inside information, and if they didn't follow suit now, they would miss the opportunity to make money.

Hearing this, Xu Haiou chimed in, "I also suggest following suit, because the 'backdoor listing agreement' signed between Meijin Group and Kainuo Technology is expected to be made public this weekend. If we work on it further, it will definitely attract a large number of retail investors to take over the shares next Monday."

"If things go quickly, there might be news by the close of trading today." Shu Yimin, whose trading style is usually conservative, was unusually aggressive.

In his view, Meijin Group is a coal company that can generate sustained profits. Compared to Kainuo Technology, which is in the clothing business and is limited by sluggish export trade, its assets and attributes are clearly at a significant discount.

To put it simply, if Meijin Group can successfully backdoor list through Kainuo Technology, there will definitely be a subsequent price rebound at a discount.

Because there are no coal companies listed on the A-share market with prices below 6 yuan, such as Kainuo Ke at 5.6 yuan...

Oh no!

The stock price of Meijin Group is 5.6 yuan. Chasing the price increase is not about a premium, but rather a bet on a price rebound after the backdoor listing. There is an underlying logic to this.

Not only the speculative investors from Ningbo Daredevils, but also Zhao Qiang, Yun Tao, Chen Sanrong, and other well-informed speculative investors and institutions are rushing to place limit-up orders for Kainuo Technology.

……

9 points.

The A-share market officially opened.

According to the intraday chart of Kaino Technology, the trading volume at 9:30 was 2.6 lots. The order volume in this minute included all orders placed during the opening auction and overnight orders.

260 lots is 2.6 million shares, with a total value of over 1400 million.

In other words, Zhang Yang, Liao Guopei, and Lin Guangchang currently have approximately 9500 million yuan in chips.

With leverage comes power. Zhang Yang looked at Liao Guopei and said, "In the next couple of days, news about Meijin Group and Kainuo Technology will leak out. At that time, contact some self-media outlets and arrange some online trolls to confuse the public. Once the news has spread over the weekend, we can start shipping the goods gradually."

"Shipping out so quickly?"

Lin Guangchang was somewhat surprised.

Liao Guopei was also somewhat surprised and asked, "We're going to start selling next Monday? I feel like the total holdings will only increase by less than 20%!"

"For stocks involving asset restructuring, it's best to enter with a high profile and exit discreetly to avoid being penalized by the China Securities Regulatory Commission."

While explaining, Zhang Yang added, "It's not about selling everything, but selling in installments to recover the principal first, and then trying to make a profit. I expect to get a return of about 30% to 35%."

Having just received a penalty letter from the China Securities Regulatory Commission, he doesn't want to make a high-profile push for consecutive limit-up days; he just wants to steadily reap low-risk, certain returns.

How do you determine which returns are low-risk?

Very simple.

By adding up the stock prices of all coal companies listed on the A-share market and taking the average, we can obtain the average price of coal stocks in the market.

After considering the prices of coal stocks such as China Shenhua Energy, China Coal Energy, and Yankuang Energy, Zhang Yang arrived at a safe price of 9 yuan.

In other words, selling before 9 yuan is basically risk-free.

However, if you raise the price to above 9 yuan before selling, you might end up losing money.

Buy where no one cares, sell when everyone is talking – this is Zhang Yang's trading principle.

"With a portfolio of nearly 100 million, a profit of over 30 million seems acceptable."

Lin Guangchang clearly agreed to Zhang Yang's proposal to ship the goods; this time they were really going all in, with extremely high potential risks.

“That’s true.” Liao Guopei thought for a moment and then said, “Asset restructuring and backdoor listings will involve the China Securities Regulatory Commission’s review, so it’s better to keep a low profile.”

During the conversation between the three, the amount of funds locking in the price of Kaino Technology increased significantly, reaching 8.3 lots.

8.9 lots.

9.4 lots.

In less than ten minutes, the number of buy orders for the top spot reached 100,000 lots!

On June 26, the Shanghai Composite Index opened at 2930.5, up 0.12%, while the Shenzhen Component Index opened at 11425.62, up 0.27%, both opening slightly higher.

However, after the initial slight gain, the index experienced a rapid decline and correction.

Even though the banking sector rose across the board, which also boosted the securities sector, it was still dragged down by sectors such as consumer electronics, auto parts, packaging and printing, and chemical pharmaceuticals.

The Shanghai Composite Index reversed its gains and fell, and the last trading day closed with a doji candlestick pattern, causing panic among retail investors.

[Little Ape Can't Get Enough to Eat]: Banks and securities are leading the charge, which sectors are so blind as to drag down the index?

[Love You Ten Thousand Years]: The A-share market is ruined, the A-share market is completely ruined. Not only is the trading volume shrinking, but there was also a doji star that appeared earlier. Is this the top?

[Xiao Guiling]: It's obvious that the national team keeps pushing up the banking, insurance, and oil sectors, completely ignoring the fate of other sectors. What a joke!

[Labor is the most glorious]: Although the index didn't fall much, my individual stocks fell by 2.9%. This kind of market is really unplayable.

Apart from the heavyweight index stocks, other small and mid-cap stocks are all experiencing a correction.

When the index doesn't correct but individual stocks do, veteran stock market investors know how painful that is.

It is precisely when the profit-making effect is poor that funds tend to flock together, which is why there are many speculative stocks in a bear market.

Those who avoided the decline in Kainuo Technology shares stand in stark contrast to those who invested in other small and mid-cap stocks—a truly tale of two extremes.

[The Arena of Love]: In the current market, you either ride the wave of speculative stocks or the wave of blue-chip stocks. The investors caught in the middle are the most foolish and the least skilled at stock trading.

[Raw Angelica Sinensis Slices]: Did the market decline? Our esteemed Kaino Technology shareholders opened and closed right away – how delightful!
[Cookie Bear]: Stock trading requires following the trend. Kainuo Technology has hit the daily limit for several consecutive days, clearly indicating an upcoming move. Fortunately, I was patient, and I deserve to profit from the daily limit.

The fact that people's joys and sorrows are not shared is perfectly illustrated at this moment.

When Li Daxiao, the "founder of the bull market," saw the two major indices experiencing a significant drop in trading volume and a downward trend, he quickly recorded a video.

He remained seated at his desk, a smile playing on his lips, and encouraged everyone: "Comrades, don't panic. Although northbound capital continues to flow out, domestic capital continues to flow in. This shows that domestic institutions, retail investors, and our national team are all optimistic about the Chinese stock market."

"The 2900-point level also has financial support."

"Do not worry!"

"The Chinese stock market can still rise!"

"When there is a disagreement between domestic and foreign capital, domestic capital will definitely prevail. This is our stock market, and perseverance is victory!"

"Let us shout 'Divergent Bull,' for after the divergence comes the bull!"

As the video was released, the phrase "After the disagreement comes the bull" captivated countless retail investors, causing the number of likes and comments to skyrocket.

[Xiao Student]: We will always follow Teacher Da Xiao and support Teacher Da Xiao. Teacher Da Xiao is our guiding light in stock trading!
[Yixiao Qingcheng]: Buy good stocks, be a good person, and you will be rewarded. Teacher Daxiao, we believe in you. After the divergence, the bull market will begin!
[SheepSheepSheep]: I've gone all in. If I do well in this bull market, I won't need to work for the next ten years or so!
Shortly after Li Daxiao proclaimed a "divergent bull market," a significant influx of funds into the Shanghai Composite Index and the Shenzhen Component Index began to develop towards a "dragonfly doji" candlestick pattern.

……

And on the other side.

Shanghai, the capital of China.

Lujiazui Financial Center.

In the top-floor office of the BRICS Building on Yincheng Middle Road, Xu Xiang, dressed in a white shirt, trousers, and leather shoes, sat on a sofa in the negotiation area and looked at the middle-aged man in front of him, saying:
"Don't worry, Mr. Wang. As long as you do as I say and invest your money in Zexi No. 1 Private Equity Fund, I guarantee an annual return of no less than 30%, which is the minimum!"

"30%?"

Mr. Wang was somewhat surprised.

This annualized return rate is completely superior to other private equity funds.

After a brief hesitation, he quickly smiled and said, "With Manager Xu's words, I wish us a pleasant cooperation."

"Pleasant to work with."

Xu Xiang smiled and shook hands with him.

After seeing off General Manager Wang, General Manager Li arrived. After seeing off General Manager Li, General Manager Lin arrived.

In just a few hours, Xu Xiang received no fewer than 10 vice presidents of listed companies and reached relevant agreements.

Why is he called the vice president?
The vice president can take the blame, but the CEO can't!

If the CEO of a listed company comes forward, or personally negotiates a private equity partnership, the entire company could be implicated if the matter is exposed.

Although the boss won't show up in person, he can have others run errands for him.

When investing in private equity funds, company executives can also disguise the funds to obtain the desired benefits.

Once public and private funds are established, the fund managers will inevitably have to deal with listed companies.

This is why institutional investors always learn about positive news before individual investors.

You give me insider information, I transfer profits to you, and we all reap the benefits from retail investors. This is the simplest and most understandable explanation.

It continued until the afternoon, and Xu Xiang had lost count of how many listed company vice presidents he had formed related interest chains with. He only knew that ever since the "Private Equity Fund Qualification License" was issued, a steady stream of vice presidents had contacted him, wanting to establish a "comrade-in-arms relationship".

"Take care, Mr. Sun. Keep in touch when you have time."

"Haha, okay, Manager Xu, please wait a moment. I won't disturb your work any longer."

After seeing "General Manager Sun" off, Xu Xiang went to his desk. He opened the drawer and saw a series of USB flash drives, about forty or fifty in total.

Looking at the USB drive in the drawer, he sighed, "The company secrets that used to be out of reach are now piled up like garbage. It's ridiculous."

Having built a business from scratch to 50 billion yuan, Xu Xiang was well aware of the importance of insider information.

He used to be excited for a whole day just to hear a piece of inside information, but now, these inside information are piled up like cabbages.

How do you say that?

Resources will only flow to those who have them.

For those who lack resources, acquiring them is extremely difficult.

But once you truly master certain resources, those resources that were once out of reach will suddenly come rushing towards you as if they were free.

Xu Xiang was very cautious. After a brief reflection, he took out a file bag, put all the USB drives in it, and planned to lock it in his home safe to prevent the secrets from being leaked.

With this inside information, he was confident that his "Zexi No. 1" private equity fund would far outperform other private equity funds.

Why are you so sure?

Other private equity firms didn't have insider information?

Not also!

Xu Xiang felt that their trading skills and market control were far inferior to his own, and that they were simply taking advantage of the availability of resources.

Zhao Danyang, Chen Wen, Ye Fei…

Xu Xiang wants to see who is the number one private equity manager in China!
……

3 pm.

The two major A-share indices have settled.

The Shanghai Composite Index closed at 2928.21 points, up 0.11%. The banking sector surged 1.9%, but it still failed to drive the index higher, and many retail investors felt that a correction was imminent.

As for the Shenzhen Component Index, it closed at 11413.17 points, up 0.24%.

Both the Shanghai Composite Index and the Shenzhen Component Index closed with a "dragonfly doji" candlestick pattern, marking the second consecutive day of doji candlesticks.

[Financial Research Network Closing Report]: The Shanghai Composite Index and the Shenzhen Component Index both fell on lower trading volumes, with the combined turnover of the two markets reaching only 1652 billion yuan. Compared to the combined turnover of 2635 billion yuan on June 4, the turnover decreased by nearly 100 billion yuan, raising serious concerns about liquidity issues.

In just over 20 days, trading volume in both Shanghai and Shenzhen stock exchanges has shrunk by over 100 billion yuan, which is clearly abnormal.

Why is the trading volume decreasing?

Many institutions are clearing out their positions and waiting to see what happens.

It's no exaggeration to say that retail investors and institutional investors still active in the stock market are walking on the edge of a knife; a slight misstep could result in injury.

After the financial research website released its closing report, many retail investors fell into deep thought.

[White Sanctuary]: I've been a fan of Joker for ten years, and he's mentioned the issue of liquidity more than once. Could it be that a crash in the A-share market is imminent?
[Cola Not Happy]: Damn pineapple pie, how could the quantity be reduced so much? I didn't even notice!

[Xiao Lin Awoo]: Don't panic, don't panic! Teacher Da Xiao said that we are in a low-volume bull market, so everyone can rest assured, the bull market is still going strong!

[Laoshan Taoist]: You're a damn banana peel! I'm a leek, not an idiot. Without volume, how can we free the trapped investors above?
Does the Boundless Ox exist?

exist!

However, this only applies to the market conditions in 2007.

Because the market kept hitting new highs in 2007, no one was willing to sell, so the trading volume naturally decreased as prices rose.

However, after the sharp decline from the end of 2007 to 2008, the peak was full of retail investors. Without trading volume, it would never become a bull market.

Apart from Zhang Yang, who knew in advance that the A-share market would crash, most economists, such as Yang Delong and Liu Jipeng, believed that the A-share market was about to undergo a major adjustment.

Without sufficient volume, there's no momentum; if the market isn't hot, how can there be a sustained upward surge?

[Financial Research Network News Reminder]: Kainuo Technology issued an asset restructuring announcement, which may be related to Meijin Group's backdoor listing.

The reminder on his own website caught Zhang Yang's attention.

He quickly clicked on it to view the content.

[Announcement regarding the signing of the "Asset Restructuring Agreement" between Kainuo Technology Co., Ltd. and Meijin Energy Group Co., Ltd.]

The Company and all members of its Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or material omissions.

I. Overview of this asset restructuring.

1. Parties to the transaction: Kainuo Technology Co., Ltd. (hereinafter referred to as "Company A") and Meijin Energy Group Co., Ltd. (hereinafter referred to as "Company B").

2. Transaction Background: In order to optimize resource allocation, improve overall operational efficiency and enhance core competitiveness, the two parties reached an agreement on matters related to asset restructuring through friendly consultation.

3. Agreement Signing: On June 26, 2009, both parties formally signed the "Asset Restructuring Agreement", which clearly stipulated the specific content, implementation steps, rights and obligations of this asset restructuring.

II. Main contents of asset restructuring.

1. Target of Restructuring: Company A will exchange its Jiangyin garment production factory for the core assets of six coal mines in Jinxi held by Company B. The difference will be made up in cash or by issuing shares.

2. Restructuring method: Asset swap.

3. Pricing Basis: The pricing of the target assets in this asset restructuring is based on the valuation report issued by Zhonglian Asset Appraisal Group Co., Ltd., and determined through negotiation between the two parties. The specific transaction price is RMB 16 billion.

4. Payment method: Mixed payment.

5. Implementation period: Both parties agree to complete all handover and related procedures for this asset restructuring by July 15, 2009.

III. The purpose of this asset restructuring and its impact on the company.

1. This asset restructuring will expand the company's business channels, enhance market competitiveness, and increase revenue and profits.

2. Following the completion of this asset restructuring, the company's main business will be more concentrated in the coal sector, and annual net profit is expected to increase by 100%, which is in line with the company's long-term development strategy and the interests of all shareholders.
Following the announcement from Kainuo Technology, Meijin Group also officially announced the details of this asset restructuring in its own announcement.

After carefully reviewing the details, Zhang Yang understood exactly how Meijin Group and Kainuo Technology achieved their backdoor listings.

The exchange of core assets between the Jiangyin garment factory and six coal mines is clearly not a fair exchange.

What should I do?
Use cash and stocks as collateral!
What appears to be a core asset swap is actually a direct merger of Kainuo Technology into Meijin Group through a hybrid payment method.

If all goes as planned, after the core assets of the original Meijin Group are injected into Kainuo Technology, the latter will be renamed Meijin Group.

As for the complex web of interests involved, Zhang Yang had no way of knowing, but what was certain was that the current CEO of Kainuo Technology would definitely become a shareholder of Meijin Group.

The moment the "Asset Restructuring Announcement" was released, retail investors were in an uproar, especially those who had bought shares in Kainuo Technology.

[Kid's Exclamation]: Holy crap! Holy crap! Holy crap! Could this be the legendary backdoor listing? Am I rich?
[Winter is Coming]: I knew speculative funds wouldn't hype up a stock for no reason. Kainuo Technology is about to surge!

[Wind Howling]: I'm rich! I'm so rich! It's a coal mining company! It's a coal mining company! It went public through a backdoor listing. It should be worth at least 10 yuan, right?

[Love You Ten Thousand Years]: Damn Fuchun Road, I knew there was no smoke without fire. It's because of this bastard that I didn't dare to go in. Fuchun Road, I hate you!
When the market's predictions were proven true, retail investors were filled with mixed emotions.

Some people are buying at the bottom and are very excited.

Some people missed their chance and were extremely frustrated.

Someone was selling planes, and they were crestfallen with their heads down.

After reading the announcement, Xu Haiou, who was far away on Jiefang South Road in Ningbo, looked at Ma Xinqi, Sun Guodong and others and said, "I told you, my older brother wouldn't lie to me. Meijin Group just reached an agreement with Kainuo Technology on the details of the backdoor listing."

"It has to be Da Xu, his information network is so efficient, hahaha!" Sun Guodong laughed.

"Xu is awesome!"

"Brothers, it's time to eat meat!"

"Thank you, Brother Xu!"

Other speculative investors from Ningbo were laughing heartily. Xu Haiou's trading skills might be average, but his information network was truly impressive!
(End of this chapter)