A recently delisted company has pulled off a textbook-level absurd move—they have a 45 billion hole on their books, yet announced they're spending 180 million to speculate in the secondary market.

They have their spending plans all figured out: 30 million to buy stocks, with a hard requirement that half must be allocated to bank stocks and 80% must be CSI 300 index constituents; the remaining 150 million will go to new share subscriptions on the Beijing Stock Exchange and reverse repos.

Honestly, with such massive debt and still having spare cash for investment portfolios, this kind of asset shuffling is truly baffling. What's even crazier is that their announcement reads just like an institutional investment research report, full of terms like “prudent allocation” and “risk hedging”—it’s just ridiculous.

Do you think this kind of play can help them break even? I, for one, don’t believe new share subscriptions can fill a hole worth tens of billions.

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Degen4Breakfast

· 10h ago

Damn, this move is really insane. Losing this much and still daring to trade stocks? Maybe they're hoping to make up for the losses with IPO subscriptions, haha.

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PretendingSerious

· 10h ago

This move is truly unbelievable—daring to speculate in stocks with a 45 billion hole. How bold can someone be?

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fomo_fighter

· 10h ago

Still daring to trade stocks with a 45 billion hole—just how strong is their nerve? I really can't understand this logic.

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CoconutWaterBoy

· 10h ago

This move is really insane. They're in debt by 45 billion and still dare to play around in the secondary market? Wake up, everyone—this is gambling with life-saving money. Statistically speaking, there's no way to break even.

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rug_connoisseur

· 10h ago

This operation is just absurd. With a 45 billion hole, they still dare to use 180 million to speculate in stocks. They really think retail investors are fools. --- Why match with the CSI 300? Looks like they're just laying the groundwork for what's to come. --- Using IPO subscription to fill the hole? Ha, I think they're just looking for excuses to misappropriate funds for certain people. --- The announcement is written super professionally, but in the end, it's just a smokescreen. Nothing surprising anymore. --- Speculating stocks with 180 million and calling it risk hedging—now that's some real storytelling skill. --- Hundreds of billions in debt and still spare money to play the stock market? Wake up. Money doesn't just fall from the sky. --- IPO subscription on the Beijing Stock Exchange, reverse repo—why does it all sound like money is just going in circles and disappearing? --- This kind of "prudent allocation" always ends up with nothing in the end. Aren't you aware? --- It's hilarious. Compensate investors or play the stock market themselves—they choose the latter. Classic bad company logic. --- Let's wait and see what happens next. Nine times out of ten, this money isn't coming back.

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