On Friday, the stockholders called “A-share strongest meat grinder” of Renton Holdings continued to fall in one word, has been 13 consecutive stop board, become the worst stock in the near future. According to a rough calculation, in the 13 trading days, the shareholders per capita loss of 2.11 million. A shareholder even left a message saying that he had lost 8 million in 11 days.
The Securities Times reported that on Friday (Dec. 11), Rendong Holdings continued its one-word decline and has been the worst stock in the recent past with 13 consecutive stop boards. By the end of the day, Renton Holdings down plate sealed single 1.94 million hands, about the amount of 2.97 billion yuan.
Compared with the historical high, Renton Holdings has fallen 76.38%, and the market value of A shares evaporated 27.68 billion yuan. At the end of the third quarter, the number of shareholders of Renton Holdings was 13,090, roughly calculated that in 13 trading days, the average shareholder household loss of more than 2.11 million yuan, equivalent to a loss of a luxury Mercedes-Benz or BMW.
A shareholder left a message at the stock bar saying, “It’s only been 11 days, and the loss is more than 8 million. Breathing is painful, reminder phone calls one after another …… look at this sealed list is estimated to have more than 10 down.”
Also investors message that “several years of savings of more than 600,000 all bet on Renton Holdings was set, and now only 100,000 left …….”
A few days ago, the Shenzhen Stock Exchange issued an announcement suspending the financing of the purchase of Renton Holdings, and the news about the suspected “banker” behind Renton Holdings, Li Yuezong, being controlled by the judicial authorities, has increased the market’s concern.
According to a report by the mainland media Yicai.com, a source close to Li Yuezong said that Li Yuezong was not the dealer of this group of stocks, but a participant in the matching funds. This wave of declines in Dalian Shengya, Renton Holdings, Lambo Technology, and Jinlitai, all have Li Yuezong’s deep involvement behind them, with Dalian Shengya suffering seven stops since December and Lambo Technology suffering eight stops.
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