Millionaire Son in Law Chapter 2177 2178
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- A major company’s stock trading is suddenly halted.
- The reason for the suspension involves an upcoming major announcement.
- The concept of ‘backdoor listing’ is explained with a real-world example.
A major company’s stock trading is suddenly halted. The reason for the suspension is an upcoming major announcement. The text explains the concept of ‘backdoor listing’ with a real-world example.
10:55 in the morning.
Trading in the shares of the Song Group was suddenly suspended.
The suspension of stock trading is the suspension of trading.
From this moment on, the shares of the Song Group are sealed and will neither rise nor fall until trading is resumed.
To apply for a trading suspension to the China Securities Regulatory Commission, there must be sufficient and sufficient reasons. The Song Group’s reason for applying for a trading suspension is that the group has major issues to be announced.
Generally speaking, listed groups will suspend trading of their stocks before an important event is announced. This is to prevent insider trading and speculation by well-informed people.
For example, before, a very famous company on the Internet was named Qihoo 360.
When they seek to go public in the country, they will complete the domestic A-share listing through backdoor.
This is the so-called backdoor listing.
In layman’s terms, some of their conditions do not meet the requirements of the Securities Regulatory Commission for listing, or the normal listing channel is too long, they can’t wait, so they can achieve the goal of backdoor listing by purchasing another listed company.