The Man in Power After Being Married into Her Family novel 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 the commission 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 internet company. 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 plainly, when a company could not fulfill certain requirements set by the commission for public listing or normal listing channels and the waiting time was too long, it would rather buy another listed

company to enable it to reach the target of being listed although it would be through the backdoor.

360 could be regarded as one of Oskia's famous internet companies. 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 listed company would 360 acquire to be listed.

If they could know the targeted backdoor company beforehand, they would be able to buy that company’s shares earlier. Then, when 360 successfully managed t o be listed, they would earn a lot of money when the share price went up.