Recently, affected by the negative news of related parties, the share price of Rock Shares (600696) fell twice in three trading days. At this critical juncture, Rock made relevant clarifications and threw out a repurchase plan, which saved the company's stock price in time and stabilized the sentiment of shareholders. As of December 19**, its shares closed at 1747 yuan shares, an increase of 43%。
The "Haiyin system" is in crisis
Related party share prices are rapid**
On the evening of December 14, Haiyin Holdings, a U.S. listed company under the "Haiyin Department", announced that some of the asset-backed products previously distributed by the company had redemption problems, and the asset managers of these products could not reach an agreement with relevant customers to postpone payment. Although the company is only a distributor of these products, the customer demanded that Hywin Holdings be responsible for repayment. According to the announcement, failure to adequately address the redemption could have a material adverse effect on Hywin Holdings' reputation, customer relationships, business, financial condition and prospects. Wind data shows that from December 13 to December 18, the share price of Hywin Holdings fell by 567%。
Haiyin Holdings and Rock are both listed companies controlled by Haiyin Group, and the two companies have business dealings. Therefore, as a related party, Rock shares will inevitably be affected by relevant negative news. From December 14th to December 18th, the company's stock price fell by more than 20%, which is an abnormal fluctuation in trading. According to the data of the Dragon and Tiger List on December 18, the total amount of rock shares on that day was 5491670,000 yuan, with a total selling amount of 7046550,000 yuan, with a net selling amount of 1554880,000 yuan.
Stock price movements
Skillfully use the repurchase "high trick" to save in time
In the face of the sharp increase in the stock price, Rock shares threw out the first buyback plan of the year to save the stock price after making relevant clarifications. On the evening of December 18, Rock Shares disclosed the "Announcement on Abnormal Fluctuations in Trading", saying that recently, the company's related party Haiyin Holdings' share price has fluctuated greatly. Up to now, the company has only liquor sales business with Haiyin Holdings and its subsidiaries, with a transaction amount of 4880,000 yuan, in addition to the above business, the company has no other business dealings with Haiyin Holdings.
In the evening, the company also disclosed the "Announcement on the Repurchase of the Company's Shares by Centralized Bidding Transaction", which intends to repurchase the company's shares with its own funds of 60 million yuan to 100 million yuan, and the repurchase ** does not exceed 326 yuan shares, after the repurchase, all will be used for employee stock ownership plans or equity incentives.
After the news was issued, on December 19, the share price of Rock shares finally "turned up". As of **, the stock price closed at 1747 yuan shares, an increase of 43%。Wind data shows that as of December 19**, the net inflow of the main capital of rock shares was 687260,000 yuan, the net inflow hit a new high since April 20, 2023.
So, in the follow-up development process, will the negative news of Hywin Holdings have a certain degree of impact on the operation and business of Rock Shares?The reporter of "Dazhong ** Daily" called Rock Shares and asked the above questions, but as of press time, no reply has been received.
Reporter Chen Hui Practical Xi reporter Sun Weize.