Chapter 52 The Stock Market Guru Granny in the Park!



Three days later.

After leaving Lychee Park, Chen Dong received a call from Li Yong. The two agreed on a time and place to meet before hanging up.

For the past three days, the six of them have been so busy that they haven't had a moment to spare, wishing they could work 24 hours a day.

Aside from Chen Dong and the other two who went back to the hotel to sleep, Hua Zi, Lin Zhiyuan, and A Long stayed and ate at Longteng Foreign Trade Company.

Although it was hard work, the rewards were plentiful...

Let's start with Chen Dong.

Finally, at prices of 82.4 yuan, 81.1 yuan, and 78.3 yuan respectively, they acquired 4,600 shares of Shenzhen Development Bank from several major investors.

Adding the 400 shares held by retail investors, the total is 5,000 shares of Shenzhen Development Bank, costing nearly 400,000 yuan.

All of this is thanks to the release by Deep Field.

Otherwise, Chen Dong's dream of buying 5,000 shares of Shenzhen Development Bank within three days at an average price of 80 yuan is nothing short of a pipe dream.

Two years earlier, 400,000 yuan could definitely buy 20,000 shares of Shenzhen Development Bank.

However, even excluding the dividends from Shenzhen Development Bank, the stock price has quadrupled, and it is still difficult to find buyers.

This is a hen that lays golden eggs.

Scattered sellers appear, and as soon as they write down the selling price of the stock, it is bought by someone within minutes.

In particular, Shenzhen Development Bank issued an announcement that made it even harder for anyone to sell.

In March 1990, with the approval of document No. 015, the company’s original RMB ordinary shares (par value of RMB 20 per share) were split into RMB 1 per share.

After the split, 13.25 million bonus shares will be distributed to the original common shareholders at a ratio of 1 bonus share for every 2 shares held.

RMB ordinary shares will be issued to existing ordinary shareholders at a ratio of 1 share for every 10 shares held.

RMB ordinary shares will be issued to preferred shareholders at a ratio of 10 shares for every 1 share held.

The foundation issued 4,386,420 ordinary shares to Pengcheng.

With this announcement, unless someone is still unaware of the news, no one would be foolish enough to sell now.

Even if they were to sell, it would be after the dividends and stock splits.

A fool certainly wouldn't sell, but what about a smart person?

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