Everyone in the exchange was shocked when they heard this, and hurriedly called up the information of Chen Capital to look at it. When they saw the last chasm drawn on the trend chart, they all took a breath of air.
Which institution suddenly sold this?
Isn't this too harsh?
Mr. Chen was still bragging to one of the shareholders on the board of directors when he suddenly heard a scream on the other end of the phone, yelling "How is this possible?"
The voice sounded like he had seen a ghost.
"Mr. Zheng, what's wrong? What happened?"
"Chen Shufeng, didn't you say you handled it well? Didn't you say that the stock has stabilized and there are no problems at all?" Mr. Zheng was roaring and questioning on the other end of the phone.
Mr. Chen was slightly startled and said, "There is indeed no problem."
"No problem? At the last minute of closing, some institutions sold a large amount of stocks, which plunged 10%!"
"What?"
Mr. Chen almost couldn't breathe. Last night, she had a phone call with the CEOs of several major financial companies that hold Chen's Capital stocks. She told them very sincerely that there were no problems with the company's operations, and that last year's profits and growth rates were both good and bad.
very good.
How could someone sell shares of Chen Capital?
After Mr. Chen hung up the phone, he called the exchange again. When he learned that it really fell by 10%, he stood stunned on the spot. After he recovered, he asked: "Which institution sold such a large amount of stocks?"
stock?"
"Sorry, we cannot provide you with such service."
"I am the chairman of Chen Capital, and now I ask you to show the transaction details!" Mr. Chen yelled into the phone.
"This is the transaction consultation phone number. For more information, please go to the dedicated line for consultation." The other party hung up the phone after saying this.
Mr. Chen hurriedly called the special hotline, and it took him a long time to learn that it was not an institution at all, but a dozen retail accounts selling at the same time.
Someone secretly opened more accounts to fuck with her!
There was a knock on the office door. Mr. Chen put down the phone and said, "Come in."
A vice president walked in and said slightly panicked: "Mr. Chen, our stock suddenly plummeted when the market closed at noon. We are afraid of causing panic when the market opens in the afternoon. Do we want to buy it back?"
"Wait a while and prepare to hold a press conference to explain the situation to the outside world and appease financial companies and retail investors," Mr. Chen ordered.
"Okay, I'll make arrangements. Do you want to eat?"
"No more!" Mr. Chen didn't want to eat. She picked up the phone and started making calls. She had to make sure that those financial companies wouldn't run away.
If the big banker runs away, Chen's Capital's stock will really lose its support. According to the regulations of Hong Kong stocks, if you hold 5% of the shares, you will need to make an announcement to the outside world for every 5% increase. Once it exceeds
Thirty percent, you have to face two choices.
One is for a company to issue additional tradable shares. If it does not issue additional shares, it will initiate an acquisition. The holder needs to buy all outstanding shares at the highest price. If the company holds more than 70% of the shares, it will initiate an outright acquisition mode.
This model is to protect listed companies from being manipulated, but opening multiple accounts makes it easy to avoid such a situation.
Moreover, the threshold for the board of directors of Chen Capital is very low, only 7%. If the shareholding exceeds 7%, it will automatically be included in the board of directors, with the same shares and the same rights, and the right to vote on the board of directors.
Entering the board of directors means entering the room. When the board of directors is convened, you will have the opportunity to squeeze out Mr. Chen. There are too many cases of many shareholders collaborating to bully small shareholders. Change the dividend conditions and the rules of the board of directors. If one shareholder is squeezed out, only a hundred will be left.
Ten out of ten founders are just playing around.
This is what Mr. Chen is worried about now!
Mr. Chen made several phone calls in a row. The mood of all parties was relatively stable. Basically, they would give all the face they should give. Mr. Chen also promised that if the stock plummeted, they would also invest in buybacks to stabilize the stock price.
.
After making a phone call, Mr. Chen wanted to talk to Lu Feng again. He first contacted several media outlets where Lu Feng had been interviewed and learned where he lived now through the media. Then he accessed Lu Feng's room phone number through the hotel front desk.
"Who is it?" Lu Feng was half lying on the balcony, looking particularly comfortable, and he picked up the phone and asked.
"It's me, Chairman of Chen Capital!!" There was a chill in Mr. Chen's voice, as if the head on the phone was a tigress trying to eat people.
"Mr. Chen, you really have great powers. You can find my phone number in any hotel I change." Lu Feng said with a smile: "Before the market opened today, everyone in Xiangjiang laughed at me and said that I am an incompetent person.
When I spoke to the media in the morning, those people ridiculed me, and now they are all in a rage."
"When did you buy Chen's Capital's shares? How many more are there?" Mr. Chen asked straight to the point: "You want to play with me, right? Isn't it just a matter of burning money? Compete with me? What are you comparing to me?"
"
"Mr. Chen, don't talk so wildly. You are in finance. How much of the money in your hands belongs to you? You are just using other people's money to pretend to be rich. I am in the industry.
"Lu Feng said calmly: "Let's ride on the donkey and read the songbook, we'll see."
Mr. Chen took a deep breath, telling herself to calm down deep in her heart, and said: "Lu Feng, we haven't met before, and we don't have any deep hatred, right?"
"That's right!"
"The biggest conflict between us is Su Yourong. Do you like this woman? Okay, I can give her to you." Mr. Chen decided to throw Su Yourong out first.
"What do I need that thing for?" Lu Feng rolled his eyes. Su Yourong gave it to him? He didn't even want it for free.
"Then what do you want? We don't have any other interactions. Or, someone gave you a sweet spot and asked you to fight for him. Whatever conditions he gave you, I can give you higher conditions. In this place in Xiangjiang
"Except for foreign investors, there are few who can be more ruthless than me." Mr. Chen said with great confidence.
Lu Feng could tell that Chen always wanted to make big things as small as possible, and she turned small things into small things. It seemed that this time she really hit her where it hurts.
"Mr. Chen, don't always use your thinking to think about others. As for me, I have always been honest in my work. Let me tell you, the reason why I am messing with you now is because you blocked me when I was financing."
Lu Feng hummed and said: "I am a person who must retaliate against you."
After Lu Feng finished speaking, he hung up the phone. Mr. Chen sat there with a gloomy expression. The vice president opened the door and walked in, saying, "The media is already here."
Mr. Chen stood up and walked out. When he arrived in the reception room, a large group of reporters had already set up their guns and cannons.
"Mr. Chen, what do you think about the massive sell-off of Chen Capital's stocks at the last minute of the market closing?"
"When will our financial report for last year be released to the public?"
"Is the sudden plunge related to Lu Feng, the richest man in mainland China? Does Chen Capital currently have a plan to repurchase shares?"
Faced with questions like machine guns, Mr. Chen stood in front of the camera and said, "I am taking advantage of this little time at noon to call all my friends from the TV media over. I actually want to announce something to the public."
"First of all, someone maliciously sold Chen's Capital's stocks. In the past few days, through smear, rumors, propaganda, etc., they forced institutions and retail investors to sell Chen's Capital's stocks to achieve certain undisclosed reasons.
The purpose of man.”
"But judging from the opening this morning, the market is very optimistic about Chen's Capital. These despicable methods cannot affect the normal business operations of Chen's Capital. As for the last-minute plunge at the closing time, in fact, the stock market is like this. Concentrated selling
Out, focus on buying.”
"In order to prevent the stock from being heavily held by others and manipulating the company, we will buy back the stock when the stock price is too low. The final flash crash can be understood as normal trading in the stock market, or a technical adjustment."
"Okay, thank you everyone!"
After Mr. Chen finished speaking, he turned away and left without the slightest trace of nostalgia. There were a lot of people behind him who wanted to ask a few questions, but they were blocked by others.
As some media reported to the outside world, the financial industry was completely blown away. Mr. Chen personally stood up and spoke to the outside world. This in itself represents a signal.
That is, Chen Capital really feels the danger. The more she says there is no problem, the more it shows that the problem is huge.
At 2:30 in the afternoon, the market opened again. Everyone in the trading hall was staring closely at Chen Capital's stock. Many professional traders were staring at this stock. If there was a slight trend, they would sell it immediately.
"Falled again!!!"
Chen's Capital's stock has caused panic among retail investors and was once again sold by a large number of retail investors. It fell two points at the opening and continued to fall!
At three o'clock in the afternoon, Chen's Capital had fallen by 23% since the market opened in the morning, and the decline was unstoppable, as if it was in a thinning market.
Not to mention retail investors, many financial companies can hardly bear this kind of decline and want to cut their flesh and leave the market.
Mr. Chen urgently communicated with all members of the board of directors on the phone and decided to buy back a part of the stock to increase the value of the stock to avoid a situation where the stock fell by more than 50% in one day and Lu Feng took advantage of it.
At 3:30 in the afternoon, the excited voice of the host came from the radio, shouting: "Buy, Chen Capital is out. We saw that Chen Capital started a buyback, buying two million shares at a time, and will
The stock has risen, but as for how long it can hold on, the fifty-yuan mark has been broken, and whether it can defend the forty-yuan mark is unknown."
Feng Zhiyao listened to the radio. He didn't leave the hotel all day long. He was half lying on the sofa and said slightly bored: "The stocks of Chen Capital will not collapse in a short time."
"I don't want it to collapse." Lu Feng sat up and said, "I want it to rise. Just wait. The next week will be the most exciting moment. I want you to see the founder of a company.
, how he lost control of his business step by step."