The year is sad, and SF has a wave of God.
On December 12, SF (Stock Code: 002352) issued the “Announcement on Reduction of Holding Companies’ Convertible Corporate Bonds by Controlling Shareholders”, stating that the controlling shareholder Shenzhen Mingde Holdings Development Co., Ltd. (hereinafter referred to as “Mingde Holdings”) On December 10, 2019, through the Shenzhen Stock Exchange trading system, it adopted a bulk trading method to reduce its holding of 35 million SF convertible bonds, which accounted for 60.34% of the total issuance.
The fully convertible bonds sold by Mingde Holdings were issued on November 18 and officially listed on December 9. At that time, SF issued 58 million convertible bonds (bond code: 128080), each with a face value of RMB 100 and a total issued amount of RMB 5.8 billion. SF gave shareholders preferential purchase rights, and Mingde Holdings bought 35 million copies, accounting for 60.34% of the total issue. It can be said that it got the top match in quantity.
SF’s statement on the public issuance of convertible bonds is “for the purchase of aircraft, aviation equipment, and repayment of bank loan projects.” And the controlling shareholder “sold money” to SF for less than a month before selling it. The reason behind all convertible bonds is that it is not likely that the debts will be given in the snow, and more investors will call it “hitting new.”
Combined with the recent blood exchange of SF executives, and Mingde Holding led the original group, the reduction of Mingde Holdings is not just for making money, but the redistribution of SF resources and new market planning.
Sell One Side
According to China Economic Net, through block transaction data, it was found that the price of SF Convertible Bonds sold by Mingde Holdings this time was 105 yuan / zhang, and the income was about 175 million yuan (excluding taxes and fees). In other words, through this short-term trading, Mingde Holdings made 175 million yuan, and the gain was not bad.
Why is Mingde Holding anxious to cash out?
Two days before Mingde Holdings sold the convertible bonds, on December 10, Shun