Wanliu Capital's equity structure remained quite simple after restructuring.
Jiang Banxia holds 69%, Li Yang holds 6%, the National Major Fund holds 5%, and 20% are circulating shares in the secondary market.
If Wanliu Capital's total equity is ten billion, with an opening price of three hundred yuan, there would definitely be institutions willing to take on some chips and bet on Wanliu Capital's future.
But in reality... Wanliu Capital's total equity is one hundred billion, and the stock price is just three yuan.
Looks like they still want to spread out all the shares, giving everyone a piece.
Who would want to play this?
There are a ton of small investors, impossible to cleanse them all out; at such a low price, there's no threshold for participation, you can buy a lot for just three hundred bucks, who knows how many base shares are out there.
For institutions looking to manipulate the stock, base shares are the scariest thing, as they could come out anytime and hurt you.
