2 Yes “ Ning wang ” Sell and buy , High allocations capital “ Throw high and suck low ” Billions have been cashed out

source ： Straight through IPO（ID:zhitongIPO） author ： Shao Yangang

“ Ning wang ” Let Hillhouse win .

After three reductions , From a high position 30 Billion to buy Ningde times .

6 month 22 Sunday night , Experienced controversy 、 The revision , Ningde era 450 Yidingzeng finally landed . According to the announcement on the issuance of fixed additional shares issued by Ningde times , This fixed increase is finally determined by 22 Strategic placing objects are allocated 1.1 Billion shares , Offering price 410 element / stocks , And the Ningde era 6 month 23 Daily report 536.97 element / stocks .

And 2020 year 7 Like the moon , The fixed increase of Ningde era was once again “ Crazy robbery ”.“ Ning wang ” The fixed increase this time 22 Among the institutional investors, there is no lack of Morgan Stanley 、 Morgan chase 、 CAITONG Fund 、 Wide hair negotiable securities 、 Guotai Junan Securities 、 Taikang assets 、 Ruiyuan fund 、 High allocations 、 Boshi fund and other star institutions .

among , Hillhouse passed through the HHLR Management Co., Ltd -HHLR China Fund , At a cost of 30 100 million yuan 731.7 Ten thousand shares .

In the last fixed increase in the Ningde era , Hillhouse passed under the banner HHLR Management Co., Ltd － China Value Fund 100 Billion yuan for Ningde times 6211.18 Ten thousand shares , Ranked first on the placement list . However, before the issuance of this fixed increase , The number of shares held by the fund under Hillhouse that participated in the fixed increase for the first time has dropped to 3884.19 Thousands of stocks .

source ： Announcement of the screenshots

It is reported that ,2021 Second quarter to 2022 First quarter , Hillhouse passed under the banner HHLR Management Co., Ltd － China Value Fund has conducted 3 Second reduction . among ,2021 Second quarter , Hillhouse Holdings 798.9 Ten thousand shares , In the third quarter, Hillhouse continued to reduce its holdings by about 219.87 Ten thousand shares , here we are 2022 First quarter , Hillhouse reduced about 376.5 Ten thousand shares .

According to Ningde times K Line trend ,2021 In the second quarter , The stock price range of Ningde times is 310 Yuan to 542 element , stay 2021 Third quarter of 2007 , The stock price of Ningde times fluctuated upward , The share price range is 470 Yuan to 582 element , stay 2022 First quarter , The stock price range of Ningde times is 443 Yuan to 609 element .

Need to know , Hillhouse's first participation in the fixed increase of the issuance price of Ningde times is 161 element / stocks , It is estimated that the three holdings of Hillhouse can be cashed out 60 Billion yuan .

however , The last two cashouts of Hillhouse were in 2021 year 8 After the release of the fixed increase plan by the times of yueningde , At that time, the dynamic also caused market disputes .

It is worth noting that , Although the two fixed increase issue prices of Ningde times are both higher than the base issue price 20%, But compared with the stock price at that time “ discount ”.2020 year 7 The monthly fixed issue price is 161 element / stocks , Compared with the issuing reserve price 129.67 element / Share premium 24%, The share price on the day of issuance is close to 200 element . The offering price of Ningde times is 410 element / stocks , Compared with the issuing reserve price 339.67 element / Share premium 20%, At this time, the share price of Ningde times was nearly higher than the issue price per share 120 element .

source ： Snowball screenshot

According to public information , Up to now, Hillhouse has passed its 4 This fund has held shares in Ningde times , In addition to the main participating funds of the above two fixed increases , also 2020 Zhuhai Hillhouse Suicheng equity investment partnership co participated in in , as well as 2018 - 2019 Hillhouse Capital Management Co., Ltd., which entered the top ten circulating shareholders of Ningde era in -HCM China Fund .

In the last three years , The stock price of Ningde times is rising all the way , At its peak, it was close to 700 element / stocks , It is the first enterprise with a market value of more than trillion yuan on the gem , Hillhouse has also obtained a huge book floating profit . Raise in the low position and throw in the high position , Hillhouse's operation ideas in the secondary market are clear and efficient .