The battle for Evergreen’s management rights is over. Evergreen Airlines hit the limit and Evergreen International’s 5 billion share buyout tragically stalled.

The battle for Evergreen’s control rights ended, and the stock price of Evergreen Airlines hit the daily limit in response. (Photo source / Xin Media Editorial Department)

Zheng Shenchi, the chairman of Evergreen International, and Zhang Guowei, the chairman of Unilight Airlines, resigned as chairman yesterday on the grounds that their tasks had been phased out, and the dispute over Evergreen Group’s management rights ended.

EVA Air fell 23% in 5 trading days

However, EVA Air’s stock price has reacted violently today. Although the tourism stock has brought great benefits such as slowing down the epidemic and unblocking the border, EVA Air’s stock price has fallen for 5 consecutive years since the high of 36.2 yuan on 9/22, and closed at the lower limit of 27.9 today., Yuan, directly broke the annual line, fell 23% in 5 trading days. Today, the trading volume and trading value are the second largest in Taiwanese stocks.

Among them, from 9/15 to 9/21, the three major corporations bought more than 77,203 copies in a total of 5 consecutive trading days, and foreign investors even buy more than 40,000 copies in one day on 9/20, prominent in high end areas; three Dafa also sold more than 54,000 copies in the last 4 trading days.

Evergreen International has invested nearly 5 billion yuan to buy EVA Air stock since June 16

Not only retail investors and legal persons are stuck Evergreen International has announced 11 purchases of EVA Air stocks from the central market since June 16 to September 5. The total investment of nearly 5 billion yuan, over 156,000 overweight, and a cost average of 32 Yuan, the cumulative share ratio increased to 13.17%.

From the changing weather of Evergreen International, the Dong Zuo Panama Twins of Evergreen International, the battle for the management rights of Evergreen Steel, all the way to the re-election of Evergreen Airlines and Evergreen Shipping next year, all of which affect the nerves of the investment market.

Since Evergreen Steel is the fourth largest shareholder of Evergreen Airlines, the younger brother Pai originally wanted to acquire the management rights of Evergreen Steel on 6/10 to pave the way for the re-election of EVA Air next year. EVA Air will next year be re-elected, so I see EVA International continuing to grow EVA Air.

The buying power expected by the short-term market has disappeared

However, as the “junior faction” and the “elder brother faction” launch a series of equity battles, the market interprets that the EVA Air currently held by Evergreen International is in a stuck state Although it should be a long-term investment, the short-term market expects , The strategic purchasing power for the battle for management rights has disappeared. Based on Evergreen International’s overweight estimate of more than 156,000 copies of Evergreen Airlines and an average cost of 32 yuan, the current account has a loss of more than 620 million.

This time the alliance younger brother faction broke up, and market participants pointed out that the reason is that the third brother Zhang Guozheng and the eldest brother Zhang Guohua met many times, so everyone stopped playing . Currently, Zhang Guowei’s Xingyu Airlines is about to be listed and the border will be unblocked. This is the time to sprint; Zheng Shenchi said that he should withdraw from any issues related to Evergreen’s management rights according to his original intention. The legal person Xiangyang Charity Foundation also resigned as director of Evergreen International at the same time.

The battle for management rights is over, what will the future of Evergreen Group hold? Some market participants indicated that the brothers will move towards the liquidation of Panama Evergreen International and Evergreen International. Will Zhang Guoming and Zhang Guowei finally take the money and leave? Zhang Guowei also happens to be able to inject his own Xingyu Airlines. And Zhang Guozheng has deep feelings for EVA Air, which was founded by him Will EVA Air be dominated by Zhang Guozheng in the future? Everyone is still watching.

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