Chapter 2177


    At 10.55 am in the morning.


    Suddenly, Moore Group had a stock suspension.


    The stock suspension signified the temporary halt of trading.


    From this moment, the shares of Moore Group were sealed. There was no rise and fall until trading


    resumed.


    To apply for a stock suspension from themission required a very strong reason. For Moore


    Group, the reason for the stock suspension was because the group had a huge announcement to


    make. 5


    Generally, stock suspensions happened before a listed group made an important announcement.


    This was to prevent insider trading and stop the informed from being opportunistic.


    For example, in the past, Amazing Tiger 360 used to be a very famous intepany. 5


    They sought to be listed in Oskia and were able to be listed in the local A-shares albeit via the


    backdoor.


    This was the so-called backdoor listing. 3


    To put it inly, when apany could not fulfill certain requirements set by themission for


    public listing or normal listing channels and the waiting time was too long, it would rather buy


    another listed


    360 could be regarded as one of Oskia''s famous intepanies. The reason for choosing a


    backdoor listing was mainly because it saved a lot of time. If they were to independently list


    themselves, they would need at least one to two years, which would most likely cause them to miss


    out on many good market opportunities.


    Initially, when 360 decided on a backdoor listing, all the shareholders were guessing on one thing—


    which listedpany would 360 acquire to be listed.


    If they could know the targeted backdoorpany beforehand, they would be able to buy that


    company’s shares earlier. Then, when 360 sessfully managed t o be listed, they would earn a lot


    of money when the share price went up.


    However, this type of news was normally highly confidential within thepany. Only the upper


    management would know the details, and it was highly unlikely for them to leak out the news.


    Hence, when SJEC suddenly announced that thepany needed to conduct a stock suspension


    due t o important matters, people only then realized that actually, it was 360 who wanted to borrow


    its cover to be listed. 3


    However, it was toote by then because SJEC''s shares had been suspended. There was no


    trading, and even the chance to do bottom fishing was gone.


    Moore Group''s situation was also the same.


    Thepany would transform from a leaderless group to one where a new chairperson would take


    over. This was good news for thepany. Thus, an announcement was needed after the stock


    suspension. 6


    Exclusive ? material by N?(/v)elDrama.Org.


    ***


    At 10.55 am, at Moore Group''s conference hall.


    The invited journalists were already on the alert there.


    The entire country''s investors also paid attention to this press conference. 1


    This was because ever since Jasmine had met an ident until now, the shares of Moore Group


    had not been performing well.


    The market was worried that a leaderless Moore


    Group would be panicked and confused, which caused the share prices of Moore Group to plunge


    continuously.


    Now, Moore Group suddenly wanted to hold a press conference with great fanfare. Many people felt


    that they must be ready to nominate a new chairperson.


    Meanwhile, Charlie had just arrived at the entrance of the conference hall alone.


    Once Reuben knew that Charlie wasing, he came early to wait for him at the entrance. Despite


    feeling extremely displeased with Charlie, Reuben dared not upset Charlie, because this was


    Aurous Hill.