After more than three months of suspension, Nanjing Panda (600775) released the acquisition plan and resumed trading on July 6, 20 14. The company called the proposal "neutral and positive", but the market did not respond enthusiastically. After the resumption of trading for three trading days, the company's share price plummeted by 19.3%. There are signs that the plunge was caused by private equity tycoon Zhang Jianbin, who participated in the increase of Nanjing Panda last year and frantically reduced his holdings.