I have a debt of 3 trillion, and my creditors are begging me not to die.

Chapter 31 Shorting Changhui Group
Huang Zhenhua found it unbelievable. Sun Changying had already suffered once because of the conflict between his son and Yang Chen. Why didn't she learn her lesson?

"Is Sun Changying so bold? Doesn't he know how important you are now?" Huang Zhenhua asked.

Yang Chen smiled and said, "He thinks I'm just a scapegoat, with no background or ability. The investment-to-debt agreement signed by Sihai Group and Changhui Group stipulates that if Sihai Group goes bankrupt and liquidates, the project will be handed over to Changhui Group in full to pay off the debt. So he said that he is different from other creditors. Other creditors don't have such an agreement. They must ensure that I am alive in order to retain the hope of recovering the debt. He should find ways to kill me and let Sihai Group enter the bankruptcy liquidation procedure, so that they can use 300 billion investment to take over the project with an investment cost of more than 600 billion. The night before yesterday, he sent Zhang Lei, the president of the Auto Trade Company, to lead a group of people to surround me. Fortunately, I have practiced a little kung fu and they didn't succeed. You said he has pushed me to this point. If I don't fight back fiercely, then am I still a man?"

Huang Zhenhua said, "I understand... Don't be impulsive. I'll talk to Sun Changying in person. If the conversation doesn't go well, I'll do as you say. I'm hanging up now. I still have a mess here that I need to deal with."

Yang Chen hummed, then hung up the phone.

"OK! Everyone can go home now. We will be working overtime at 9pm." Yang Chen said.

Yang Chen took Lu Mei away, and the employees of the Investment Department bowed together to see them off.

After Yang Chen and the others left, the traders started discussing while packing up their things.

"It's so great to work every day. I hope Mr. Yang can continue to be the chairman of Sihai Group."

"According to his 3% profitable operation method, the trillion debt is not a big problem and it will be paid off one day."

"That old bastard Wang Sihai is not completely useless. At least he has given Sihai Group some hope. If Sihai Group had remained in his hands, it would have definitely collapsed and been liquidated. Now that it is in the hands of Director Yang, everything has become hopeful."

"Working with a boss like this will give you hope, but working with a profiteer like Wang Sihai will only get you a loss."

……

Yang Chen came to the office of Zhang Jinsong, the vice president in charge of real estate business, and Zhang Jinsong quickly stood up to greet him.

"Director Yang, you are here. Come and sit down. Come and sit down."

Yang Chen sat in Zhang Jinsong's seat, and said with a smile: "You contact the municipal government. They want to give us the development of Yuangang Village and the surrounding vacant land. You don't have to pay for the time being. We will pay you after we develop the project and sell it to recover the funds. This project must be made bigger, and everyone must know that Sihai Group has started a new project, so as to give some confidence to those owners who bought the unfinished buildings of Sihai Group."

Zhang Jinsong said with a look of surprise, "Ah? There is such a good thing. It has to be you, Director Yang. It is your ability that makes everyone feel at ease. Otherwise, such a thing would not be given to us. I understand what Director Yang means, and I will definitely do it well."

“Well, you go and make the connection first. Once you’re done, we’ll sit down and plan how to develop it. Remember to ask for schools, hospitals, and the like. Don’t be afraid that they won’t agree. They’ll just be afraid that you don’t dare to ask for it.” Yang Chen warned.

Zhang Jinsong laughed and said, "I see! They are all counting on Director Yang to solve the problem. We should take the initiative. We should take what we can get and try to get what we cannot get."

Yang Chen smiled and stood up to leave. Zhang Jinsong sent him to the door and then hurried back to prepare to go to the municipal government to connect with the Yuangang Village project.

Shortly after the stock market closed at 3 p.m., an investment consultant named Lin Qiu from Guojun Securities posted a piece of news on his personal social account.

"Breaking news! The reason why Changhui Group has experienced a sky-high and floor-low is that there is a mysterious fund that is shorting Changhui's stock price at all costs, and it is said that the scale is as high as 16 billion shares. Some institutions received the news, so they sold their stocks regardless of the consequences. It feels like this time there is a big boss who wants to kill Changhui Group. Retail investors inside should run away quickly if they can, otherwise they will not be able to escape, and delisting is also possible."

This news quickly topped the hot search lists of major securities and financial platforms, attracting discussions from Changhui Group shareholders and a large number of onlookers.

"It's a rumor, not guaranteed, but it seems that Sihai Group is shorting Changhui Group. I don't know the exact reason. I'll tell you another piece of news. Sihai Group has also bet on the restructuring plans of Longguo New Coal and Shenhua Coal. Their new chairman is very capable, has a keen sense of smell, and is very skillful in his operations."

"It is said that the chairman of Changhui Group ordered the president of Changhui Auto Trade Company to bring people to beat up the new chairman of Sihai Group, but he was beaten back by the other party. Sihai Group then shorted Changhui Group, and it seems that the fight will not end until one side is dead."

"When the gods fight, innocent people are affected. Who did we, the stockholders, offend? Why do we suffer such losses?"

……

Seeing that public opinion was intensifying, Sun Changying quickly ordered the secretary of the board to issue a statement to "clarify".

First, Sun Changying did not order the president of the auto trade company to bring people to beat up the new chairman of Sihai Group.

Second, Changhui Group's operations are normal, and today's stock price fluctuations are just technical adjustments. There is no large-scale short selling.

Third, Changhui Group reserves the right to pursue legal liability against rumor mongers.

Not long after this announcement was issued, various departments in Jiangcheng City issued announcements on their official accounts on Weibo and Douyin. Jiangcheng Market Supervision Bureau: Our bureau has received reports from many consumers that the new cars sold by Changhui Auto Trade Company's Jiangcheng branch are refurbished, and the sales staff have a bad attitude, insulting and threatening consumers. Our bureau has officially launched an investigation into Changhui Auto Trade Company, and will promptly report the specific situation later.

Jiangcheng Taxation Bureau: Our bureau has received reports that Changhui Auto Trade Company Jiangcheng Branch has engaged in shady contracts and tax evasion. At present, our bureau has officially launched an investigation procedure against the company and will announce the results of the investigation in a timely manner.

Jiangcheng City Bureau: Our bureau has received reports from the public that sales staff of Changhui Auto Trade Company insulted and beat car owners. Our bureau has arrested the relevant persons involved in the case and will announce the results of the investigation in a timely manner.

This series of announcements does not mean a death sentence for Changhui Group, but is telling everyone that Jiangcheng is really going to regulate Changhui Group. As long as it causes panic among institutions and shareholders, Changhui Group's stock price will not be maintained.

When the stock market opened the next day, Changhui Group's share price plummeted as expected. Institutions originally wanted to support the share price, but retail investors panicked and sold, creating a stampede. When the institutions saw this situation, there was no point in supporting the share price and they placed large orders directly to drive the share price down to the limit, leaving no chance for retail investors to escape.

Everyone who trades in the stock market knows that once panic forms, the market will vote with its feet and determine that the stock will continue to fall. More and more investors will choose to sell, which can easily result in consecutive limit downs at the opening.

In the remaining three trading days of this week, Changhui Group's stock price hit the limit down and reached 1.53 yuan.

In order to save the company's stock price, Sun Changying quickly joined several shareholders and executives to issue a share increase announcement, stating that they would increase their holdings by no less than 1 million yuan in the next six months.

Under normal circumstances, such an announcement of increased holdings can indeed save the stock price. As long as the company has not committed any illegal acts that will lead to delisting, the stock price will definitely rebound.

But since Yang Chen chose to take action, he naturally would not leave Changhui Group any chance to struggle.

In the evening, Yang Chen invited the presidents of several banks out for dinner.

“Dear bank presidents, it’s time for you to clearly stand on the side regarding the feud between me and Changhui Group. Sun Changying said in person that he wanted to kill me, so you should think carefully about who to support.” Yang Chen said straight to the point.

Worker Li Jun immediately said, "Is there any need to ask this? We must support you, Director Yang."

Chen Tao from the merchant bank said immediately: "We will report to the head office tomorrow and ask the head office to collect the debt from Changhui Group immediately. If they cannot pay back the money, we will suggest that the head office apply to the court for the bankruptcy liquidation of Changhui Group."

Zhang Qiuming of CCB said: "We will definitely stand on the side of Director Yang. Let alone Sun Changying's fault, even if it is Director Yang's fault, we will definitely stand on the side of Director Yang unwaveringly."

Yang Chen smiled and raised his glass and said, “My fellow bank presidents are so nice. I won’t say anything more. Everything is in this glass of wine. Come on, drink it up!”

In order to give these bank presidents a reason to ask the head office for reinforcements for Yang Chen, Yang Chen ordered Chen Chao to sell a stock after the Bald Eagle stock market opened, and converted the 5 billion plus 11 million Eagle Coins lent to Yang Chen by the five banks into Eagle Coins according to the real-time exchange rate and returned them to the foreign currency accounts of the five banks.

There is no limit on the rise and fall of Bald Eagle's stocks, and it is a T+0 system. Yang Chen has used these trading days to turn the 1 million Eagle Coin principal into 6 million Eagle Coins. After paying back the total 5 million Eagle Coins loaned to him by five banks, there are still 2.5 million Eagle Coins in assets left in Sihai Investment's account. These are all the net profits earned by Yang Chen's operations.

After receiving Yang Chen's repayment, the presidents of the five banks all confidently contacted the president of the head office to report on their work, and at the same time requested the head office to support Yang Chen and not let this mess disrupt Yang Chen's operational thinking.

On Sunday night, the five major banks took action.

The president of the Northern Xinjiang Branch of China Construction Bank deliberately posted a message on his WeChat Moments.

"We just received an order from the head office this afternoon to collect the debt from Changhui Group tomorrow. If Changhui does not pay back the money within three days, we will apply to the court for Changhui Group to go bankrupt and liquidate. Friends in the circle of friends who have business dealings with Changhui Group should make plans quickly to avoid losing all their money."

Soon after, the presidents of the Northern Xinjiang branches of the Agricultural Bank of China, the Commercial Bank of China and other banks also posted the same update on their WeChat Moments.

After sending the message, they turned off their phones, not giving anyone the chance to inquire about the news. The less news people could get, the more uneasy they felt. Companies and individuals that had cooperated with Changhui Group couldn't stand it anymore, and contacted Changhui Group overnight to demand settlement or cancel cooperation.

Sun Changying's phone was flooded with calls. The shareholders blamed him for acting impulsively and recklessly. He should bear full responsibility for the heavy losses caused to everyone due to personal grudges.

Sun Changying was so angry that she called Yang Chen again.

“Yang Chen, you’re so cruel! You really want to push us into a desperate situation!” Sun Changying said angrily.

Yang Chen started to curse directly, “Aren’t you talking nonsense? Since I’ve chosen to take action, I will definitely not leave you any chance. Aren’t you two going to kill me? Let’s see who dies in the end!”

(End of this chapter)