[Editor's note: This article is the original and exclusive first release of Toutiao, please do not plagiarize and reprint]
«——【Preamble】】 ——»
We can often see some advertising slogans that promote the prevention of being deceived "investment needs to be cautious", but sometimes it is not that the masses are not aware of the defense enough, but that the means of some capital tycoons are too clever.
As early as a few years ago, there was a "tragedy" in the A-share market, when a bigwig's capital swept away 3 billion assets and absconded, causing more than 60,000 shareholders to lose all their assets overnight, and the bigwig's whereabouts are still unknown.
So how did this capital tycoon quietly sweep away the 3 billion assets? What kind of means did he use to hollow out the listed companies?
Self-made "giant crocodile"
Speaking of the name Xu Maodong, many people may not know it, or even hear of it, but people who play stocks are probably familiar with this name.
Because in 2018, the maker of one of the biggest "tragedy" in the industry in the A stock market was Xu Maodong, a man, whose overnight "disappearance" made 60,000 shareholders want to cry without tears, and many people lost all their money.
But Xu Maodong ran away with a family with billions of money as early as the incident, leaving a group of "innocent" shareholders to bear the grief alone.
Xu Maodong is a native of Rizhao, Shandong, and his family conditions are relatively superior, so his parents pay special attention to the cultivation of Xu Maodong.
Under the strict requirements of his parents, Xu Maodong's grades have always been excellent, and he didn't rely on the good conditions of his family to stop learning and so on.
In Xu Maodong's time, many people were able to be admitted to a junior college because of Amitabha, but Xu Maodong was very competitive and was admitted to an undergraduate university, Wuhan University of Technology, and the major he studied was still a computer major with great development prospects.
However, what is surprising is that although Xu Maodong is majoring in computer science, he is more interested in management majors, and often teaches himself management knowledge in his spare time.
After graduating from university, Xu Maodong was fortunate to be assigned to a job in the "iron rice bowl" system by the school, and he didn't know how comfortable his life was with a 9-to-5 life, and the salary was high and stable.
But soon Xu Maodong was transferred to another management position with his rich knowledge, specializing in running a shopping mall.
This also makes Xu Maodong, who is already very interested in management, very happy, after all, being able to work in the field he loves is something that many people dream of.
Xu Maodong also learned a lot in this management position, and also made him quite experienced in management. During this period, Xu Maodong also compared the operation mode of the shopping center with the operation model of Wal-Mart.
Xu Maodong, who has rich management experience, suddenly had a small idea that took root in his heart, and this idea intensified, that is, he wanted to open his own supermarket and be the boss.
As the saying goes, "the people take food as the sky", no matter when and what era food, clothing, housing and transportation are indispensable things in people's survival, and nothing can be lacking.
Therefore, Xu Maodong relied on his enthusiasm and ambition to quit his "iron rice bowl" and become his own boss.
Xu Maodong seriously summarized the operation model he has learned in the shopping center in recent years, and he believes that there are many drawbacks in the current shopping center, and it is necessary to implement reform if it wants to operate for a long time.
The first is to change the operating hours of the shopping center, which should be in line with people's daily travel time, and the second is the sales method of the supermarket, which can use large promotions to attract customers.
Indeed, any time a big sale is more likely to attract customers to shop, after all, everyone wants a good thing at a good price, and no one wants to buy an item at a high price.
Sure enough, Xu Maodong's business model soon attracted a large number of customers who came to shop, and the supermarket's turnover rose rapidly, which was not inferior to some old supermarkets.
In this way, Xu Maodong earned his first pot of gold by relying on an innovative supermarket, but Xu Maodong's ambitions are far more than that.
So what kind of model will Xu Maodong innovate to realize his ambitions?
60,000 people were played
The supermarket business is getting bigger and bigger, and Xu Maodong is also starting to think about how to make more money.
Xu Maodong, who studied computer science, knows that it is difficult to make a fortune just by relying on the traditional supermarket business, and if you want to make a real fortune, you have to use this train in the Internet era.
Although smartphones were not yet popular at that time, mobile phones still had some entertainment functions, and Xu Maodong saw the business opportunities in this with vicious eyes.
Xu Maodong and a friend jointly acquired a network company called "Kaiwei Point", and Xu Maodong thought of developing the Internet and financial industries together.
In order to be able to develop the two together, in 2009, Xu Maodong also created an Internet company - Galaxy Internet.
In fact, Xu Maodong's founding concept is to introduce foreign things into China, and also combine them with domestic traditional industries for development.
In this way, Xu Maodong saw the convenience of foreign shopping, and used the Internet to create a platform called "Wowotuan", but this time Xu Maodong did not succeed.
His "Wowotuan" did not set off much in China, and even the profitable ones have not been able to make him return to his capital, so Xu Maodong had no choice but to transfer the development hope of "Wowotuan" to foreign countries, and finally it was successfully launched.
Seeing that his career had encountered an uphill road, in order to reverse the current situation, Xu Maodong set his sights on "mergers and acquisitions" in 2016.
Although Xu Maodong's career did not make much progress in the later period, he had a lot of funds in his hands over the years of entrepreneurship.
So Xu Maodong began a large number of acquisitions, and when the funds were insufficient, he financed the acquisition, so that he could easily control the equity of the two companies without spending much money.
And Xu Maodong used this circular "financing" method to make him on the Sherlock Holmes list in 2016 with a value of 7.1 billion yuan, but it was Xu Maodong's financing and acquisition method that led to his later "tragedy......
Xu Maodong used this form of "empty gloves and white wolves" to empty the funds of some listed companies, including nearly 60,000 shares bought by nearly 60,000 shareholders.
But in fact, Xu Maodong does not have so much money in his name at all, and a considerable part of the funds in his hands are those shareholders.
This strange phenomenon in the stock market naturally cannot escape the "legal eye" of the national securities department, and in 2018, relevant departments interviewed Xu Maodong for investigation.
For this reason, because Xu Maodong's illegal behavior seriously affected the order of the stock market, he was fined nearly one million yuan by the national securities department, and was also restricted from entering the stock market for life.
But Xu Maodong, who was a thief, had already thought of the way back, and swept away 3 billion funds overnight and took his family away, leaving only 60,000 shares as the "wronged leader".
And when everyone reacted, Xu Maodong had already run away without a trace, and his whereabouts were still unknown.
«——【·Conclusion·】——»
Xu Maodong's "empty glove white wolf" operation killed more than 60,000 shareholders, and this stock market tragedy is also known as "the most serious tragedy in the industry".
More than 60,000 shareholders were played with by Xu Maodong, and in the end, not only did they not get any benefits, but they lost all their capital.
Therefore, I also hope that investors who speculate in stocks can polish their eyes and be cautious in investment!
Resources:
China Business Taolu: The initiator of the largest "bloody case" in A-shares, hollowed out the company and fled with a huge sum of 3 billion!
Netease News: Xu Maodong, the former Internet tycoon: Crazy hollowing out listed companies, running away with 3 billion yuan
Shanghai Securities News: A-shares staged the ultimate "hollowing out": Xu Maodong borrowed 1.5 billion yuan to buy a shell and used Tianma shares as an ATM
China Securities Regulatory Commission: China Securities Regulatory Commission's Market Ban Decision (Xu Maodong, Fu Miao, Tao Zhenwu)