Specifically, according to analysis by overseas financial institutions and finance media, Changda's recent equity struggle has involved elements of a malicious takeover. However, the regulatory authorities, based on the principle of letting market regularities run their course, are not ready to hurry to intervene in such events. Thus, they have given the other party the time and opportunity to act.
According to the latest analysis of Changda's shareholding structure, media reports state that an overseas financial investment institution called SUNV now holds nearly 29% of Changda's total equity, just surpassing Xiao Jianming's personal holding of 28%. This was mainly due to Changda's business expansion in recent years, its rush to finance, and the issuance of excess stocks, leading to a continuous decline in Xiao Jianming's personal equity share.
"The older the old man gets, the bigger his ambitions grow, always wanting to do things that don't match his age," he said.
