360 is also a relatively well-known Internet company in China. The main reason why they choose to go public on the backdoor is to save time. If they go public on their own, they will have to pay at least one or two years of time cost, and it is likely to miss the market opportunity.
At the beginning, when 360 decided to go public with a backdoor, all stockholders were speculating about one thing, that is, which listed company 360 would use to go public.
If you can know the target company of her backdoor in advance, then you can buy the company’s stock in advance, and you can make a fortune after the 360 backdoor is successful.
However, this kind of matter is generally top-secret information within the company, and only the absolute top can know it, and they will never disclose it to the outside world.
Therefore, when Jiangnan Jiajie suddenly announced that the company had a major business and needed to suspend trading, people knew that 360 was going to be listed on the market through his shell.
But by this time I knew that it was too late. Trading in Jiangnan Jiajie’s stock had been suspended and could not be traded, and there was no chance to buy bottoms.
The current situation of the Song Group is the same.
The company is about to transition from a state without a leader to the new chairman. This is definitely good news for the company, so it must first be suspended and then announced.
At 10:55, the Song Group announced the hall.
The media reporters invited to the scene are already here.
Shareholders across the country are also watching this conference.
Because since Warnia’s accident until now, the Song Group’s stock price has been underperforming.
The market is worried that the Song Group has no leader, and the square inch is in chaos, which led to the continuous decline of the Song Group’s stock.
Now, the Song Group suddenly wants to hold a press conference with great fanfare. Everyone feels that they must be ready to announce the new chairman.
It was at this time that Charlie came to the door of the release hall alone.
After Honor knew that he was coming, he came to the gate in advance to wait. Although he had ten thousand dissatisfaction with Charlie, he really did not dare to provoke Charlie at all in Aurous Hill.
FAQ Novel
Q: Why do companies suspend stock trading before a major announcement?
A: Companies suspend stock trading to prevent insider trading and speculation by well-informed individuals before important news is released.
Q: What is a ‘backdoor listing’ in the context of stock markets?
A: A backdoor listing is a method where a company goes public by acquiring an already listed company, often to save time or bypass certain listing requirements.
Thank you for reading. We invite you to share your thoughts on this chapter.