"There's still 87.7 billion left."
After some contemplation, Lu Liang picked five more stocks from the 115 constituent stocks of the new energy sector.
As per convention, he first purchased 3-4% of the circulating shares from the primary market and then gradually acquired the remaining shares in the secondary market before finally completing the shareholding announcement.
These five companies were merely the best of the worst, as the higher quality companies with good operating conditions had already been picked in the first batch.
The current market was too small; Tianxing Fund's two successive purchases of 17 stocks had assets that accounted for 7.29% of the sector's market value.
The new energy sector's total market capitalization was only 1.92 trillion, and they held assets of about 140 billion.
Half a year later, when the lock-up period ended, as long as the National Team didn't interfere, essentially, they would have a say in this market.
