The market value of the company is 46.3 billion yuan, more than 40 billion yuan evaporated, to about 5.2 billion yuan.
It's worth noting that David Webb, an independent stock commentator, once advised investors not to be involved in Accor holdings. He pointed out that as of the end of June, the company's net tangible assets totaled 931 million yuan, equivalent to 0.37 yuan per share. However, after the acquisition business, the company's net tangible assets were 1.23 billion Hong Kong yuan, equivalent to 0.4 yuan per share. The stock price was several times higher than the tangible assets, so it was not at all Reasonable.
In addition, Accor Holdings said in the middle of this month that it may issue no more than 100 million new shares at a price of 9.34 yuan per share to the independent third party and to the mineral exploration shares of China color Geoscience Research Institute under the state owned assets supervision and Administration Commission of the State Council, i.e. a maximum of 934 million yuan, for which a memorandum of understanding has been concluded between the two parties.
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