The act of a listed company buying back a certain amount of shares issued by the company from the stock market by means of cash or other means is a share repurchase.
Generally speaking, this situation is more common in bear-tailed bulls, and listed companies feel that their stock prices are undervalued in the secondary market, so they will buy back shares, releasing a "Lao Tzu is very unhappy" attitude.
Tianheng is this feeling, they are mainland enterprises, listed on Hong Kong Island, and then look at the general valuation of A-share listed companies is so high, and then look at the group of H-share comics, it is extremely sad.
Buybacks are now buybacks, and it is not impossible for a long time to be delisted from Hong Kong Island and then listed in Shanghai and Shenzhen, after all, there are examples in front of them.
However, these procedures are very complicated, and one of the most important points is that if you want to buy back, you have to find someone to sell, and it is better not to alarm too many people, and wait until everything is negotiated, and then announce the news, and also give the stock price a little stimulus.
It is easy for the people of Tianheng to focus on the long-short battles in the past few days.
After careful calculation, they suddenly found that if all the warrants and options held by the bulls were exercised, there would be more than 2 billion underlying stocks.
Does Lei Hao have 2 billion to buy the underlying stock, so he will definitely not exercise all the options, if all the options are exercised, Nick will breathe a sigh of relief.
Nick has money, 2 billion Hong Kong dollars for US dollars, the number is not an exaggeration, when he asked Lei Hao to take over the warrants call warrants, he had already signed standard contracts from major institutions and locked the corresponding underlying stocks.
As long as Lei Hao dares to ask for it, Nick dares to give it, and then the stock price is naturally pushed up, it seems that Lei Hao is making money, but the difficulty of exiting is absolutely huge, and Thunder will form a pattern of snakes swallowing elephants, and it will be easy to be strung to death.
There is no corresponding buying order to take over, there is no corresponding channel for Lei Hao to sell these stocks in what year and month, unless the price is lowered, otherwise who will take him over has no corresponding funds, if Nick suppresses the stock price and absorbs the bonds, how should you deal with it There are a lot of issues to consider, so Lei Hao's position must be held to ensure his advantage, he holds the chips of the warrant, and Nick is spending high costs all the time, and he wants to cut the meat and be reluctant, and he wants to lose a little less, Lei Hao does not agree.
If Lei Hao had lost these chips, or changed some chips, Nick would have suffered a heavy loss, but when he turned his head, the initiative would not be in the hands of Thunder Investment.
Either overwhelm the opponent and accept huge losses.
Either find the corresponding buy order in the underlying stock market and exit the market with a profit.
With Thunder's current situation, Lei Hao had better choose these two paths, so he was waiting, but unlike others who thought, he was waiting for the new entry funds to untie the market, rather than waiting for the bears to cut the meat.
"Mr.
Lei, the warrants market gives a big order."
The trader shouted excitedly over there.
"There is a lot of buying in the underlying market, 0720."
Another trader is also reminding.
Lei Hao looked over, and as expected, the other party couldn't hold back, threw out a large number of buying orders in the underlying stock market, put on the attitude of closing the position here, and also made corresponding expressions in the warrant market.
"Exercise a portion of warrants."
Lei Hao said with a smile.
With the exercise of Thunder Investment, the company's funds decreased by the corresponding part, the underlying stock position increased the corresponding chips, and the chips of the warrant were also reduced.
At this time, the large institutions that signed the securities lending contract with Nick will find that some of their inventory has been consumed, and Nick can also find that some of his many accounts have actual losses.
In the end, Nick squirted another mouthful of old blood, and he now has to either suck the chips and repay the coupons, or bear the cost of daily consumption.
How to buy stocks Lei Hao's price is raised.
If you don't buy it, you can't buy it.
"Damn, this bastard" Keta Harbor cast, and Nick's forehead was bruised.
You Junlong was also very depressed at this time, he was short before, and now he also has some positions, so should he admit it here, or wait for the turnaround "At such a high price, why aren't there enough sells, these insatiable guys."
Looking at the market is more of a wait-and-see attitude, You Junlong has an urge to smash things.
Thunder Investment, Lei Hao is very good, and by his side, Tao Liyu and Lin Minghui are also very happy.
In addition to being happy, Tao Liyu and Lin Minghui were also thinking about Lei Hao's goal. 0720 refuses, 0780 will be a little too high Time passed like this, and soon, it was 10:30 p.m., just looking at the stock market trading volume, outsiders will feel that there is no sign of volume today, but hidden under the calm is a turbulent undercurrent.
At this time, Tao Liyu and others began to hesitate, hesitating whether to persuade Lei Hao to start reducing their positions, because the company's financing account had also been consuming costs.
At the very least, if you control your position within 450 million, you don't need to pay additional interest costs, and you can also lock in a part of your profits, and the rhythm will be much better between your own advance and retreat.
Lei Hao also felt very strange, Tianheng's stock price has not changed much, where is the highest 20 mentioned in the future information, and it has not been high yet, how to go back "Sure enough, if the funds are too big, it will change the original situation."
Lei Hao had a headache, but quickly regained his confidence.
Do others have information about the future, since they dared to rush the stock price to 0780 in the original time and space, who is the chip in the hands now, is there a difference There is not much difference, should you buy or have to buy, and the good news that should appear will still appear.
Sheng Xiang, Keda, You Jia, many people feel that today is to maintain this momentum, and they have begun to think about the next plan.
At this time, Lei Hao received a call from Yangcheng and got a message: an institution came to contact and asked about the warrants and stock prices in Hong Kong.
What does it mean that someone has taken over In fact, Lei Hao has changed the original future, Tianheng's round of share repurchase, originally adopted two ways: on-site public acquisition and off-market agreement acquisition, and now they see the hope of completely using the over-the-counter agreement acquisition to achieve the goal.
That is to find out the people who are long, if the bulls have enough chips, then buy them at an appropriate price, and even Tianheng does not use the name of Tianheng to buy back shares, but the board of directors and several major shareholders raise funds and buy them directly outside.
The over-the-counter agreement acquisition does violate the "three publics" principle of the stock market, but Tianheng's board of directors and major shareholders have made a detour, and they have used various methods to determine to eat these stocks themselves, so it is difficult to investigate.
You can't allow others to agree to buy securities, we haven't violated existing laws and regulations, and no one can say "no".
Lei Hao immediately started negotiations with the other party: