On November 1st, a small-cap stock named Elcid Investments in India suddenly soared 66,900 times, from 3.53 rupees to 236,250 rupees; the next day, the company rose by 5%, the stock price reached 248,060 rupees, and the total market value was close to 50 billion rupees (about 4.20 billion yuan). The single-day increase in Elcid's stock price also broke the global record. Elcid is headquartered in Mumbai, India. It is a non-bank financial company (NBFC). Elcid's business mainly focuses on investi...
On October 20th, China Merchants Shekou announced that the company signed the "Cooperation Agreement" with China Merchants Bank Shenzhen Branch and obtained the "Loan Commitment Letter". According to the agreement, China Merchants Bank Shenzhen Branch will provide the company with a loan limit of not more than 702 million yuan for the company's stock repurchase project. The loan term is 12 months, the interest rate does not exceed 2.25%, and it is not higher than the market interest rate. This c...