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

Chapter 32: Tried everything but still couldn't reverse the situation

Sun Changying still felt that Yang Chen was just a scapegoat with no background or ability, and he didn't care about Yang Chen's threats at all.

"Now that you've said so much, I have nothing more to say. Let's just rely on our abilities. Have you used all the means you can? I'll show you how I can turn the tide." Sun Changying said angrily.

"Oh, okay, you should stabilize the stock price tomorrow first." Yang Chen said with a smile.

Sun Changying hung up the phone angrily, but he was an old hand after all, and he knew that he had to remain calm at this moment. The more impatient he was, the easier it was to make mistakes.

Sun Changying has worked hard for most of his life and accumulated a total wealth of about 80 billion yuan, of which about 60 billion yuan is the stock market value of Changhui Group, and the remaining about 20 billion yuan is deposits, financial management, real estate, and other investments.

Currently, the total debt of Changhui Group is 1200 billion yuan, and the available liquidity on the account is less than 100 billion yuan. If the creditors come together to collect debts, it will be of no avail even if Sun Changying mortgages or sells all his assets.

Fortunately, Sun Changying has accumulated a lot of personal connections over the years, and now he has to use all the connections he can.

Early Monday morning, before the stock market opened, Changhui Group issued an announcement that Chairman Sun Changying would use his personal assets to increase his holdings in the company's shares, with the total amount of increase revised from no less than 1 million yuan to no less than 10 billion yuan.

The company's secretary, manager and several other senior executives will also use personal funds to increase their holdings by no less than 5000 million yuan and promise not to reduce their holdings in the next three years.

At the same time, Changhui Group’s major partners promised not to pursue debts from Changhui Group for the time being.

A total of 10 capitals including Gaoling Capital, Changshan Capital, Hua Xia Fund, and Fu Ze Fund have promised to provide free financial support to Changhui Group when it needs it.

Shareholders and senior executives have increased their holdings on a large scale, major creditors have stopped pursuing debts, and investment institutions have provided financial support. With this combination of measures, under normal circumstances, the share price of Changhui Group will surely soar, and it is absolutely impossible for it to develop towards delisting at par value.

When the stock market opened, the share price of Changhui Group fell briefly and then started to rise, and soon rose by 8 points, with a momentum to hit the daily limit.

Sun Changying was watching the market with senior executives, and seeing the stock price rising so rapidly, everyone smiled with relief.

"We only used a few announcements to resolve the negative impact that Yang Chen had created after mobilizing all his resources."

"He is a scapegoat with no money and no background, and he wants to delist our group. It's ridiculous. With his ability, is he worthy of it?"

"If we spend a little more money to increase the value, the company's stock price will rise to a safe price."

"We also have to rely on the connections that Mr. Sun has accumulated over the years, otherwise we wouldn't have won so easily."

……

Sun Changying laughed, lit a cigar and took a puff, saying, "He is just an employee. Letting him be the chairman of Sihai Group is to let him take the blame and keep Sihai Group from bankruptcy and liquidation. He really thinks he is capable. My set of combined punches has been practiced for at least 40 years. Can he withstand it? What can he use to fight me!"

"Ha ha……"

The whole audience laughed, and the air was filled with a sense of triumph.

But at this moment, the stock price of Changhui Group suddenly turned around and plummeted. In the blink of an eye, it went from rising 8 points to falling 8 points.

Sun Changying was so frightened that the cigar in his hand fell onto his pants. He was so scared that he jumped up and knocked the cigar off.

Sun Changying didn't care about the hole in his pants and immediately ordered: "Increase holdings immediately. We must resist this wave of decline."

The executives immediately nodded and did as instructed, and invested more than 5000 million yuan through their personal accounts or by calling their brokerage managers for help.

At the same time, Sun Changying also used his personal funds to increase his holdings by 1 million shares through the operation of a securities manager.

To be honest, under normal circumstances, if major shareholders bring senior executives to increase their holdings, the stock price will definitely go up.

but!

It doesn't work for them.

The stock price only briefly pulled back and leveled off, then began to fall sharply again. The selling pressure was too heavy, and the stock price was quickly pushed to the limit down.

"What's going on? Why is the selling pressure so severe? Who is selling? There is no way to buy all the stocks. There is no way to buy all the stocks."

"Are those institutions selling their stocks? If they follow suit, we'll be finished. We don't have enough funds to take on so much stock."

"Mr. Sun, didn't those institutions of Gaoling Capital promise to help us? Could it be that they spread false news to lure retail investors not to sell, and then they sold secretly?"

……

Sun Changying was completely panicked. If those institutions secretly sold their stocks, he would not be able to save the stock price even if he sold all his assets.

Sun Changying quickly called Zhang Shi, the CEO of Gaoling Capital.

"Hey, Mr. Zhang, are you guys shipping the goods secretly?" Sun Changying asked straight to the point.

Zhang Lei smiled and replied, "There is a little problem. If we don't ship the goods now, we may not be able to escape later. I have to be responsible for the shareholders of the company and the investors who believe in us."

"But didn't you promise to help me? You also said that if I needed money, you would support me," Sun Changying asked.

Zhang Shi immediately replied: "Yes! If I don't sell my stocks, how can I get the money to support you?"

Sun Changying: “…”

Damn it, this is called support?
Zhang Shi smiled and said, "Mr. Sun, if you have nothing else to say, I'll hang up. I still have to watch the market." Zhang Shi hung up the phone immediately without giving Sun Changying a chance to speak.

Sun Changying quickly called Xue Jian, the CEO of Changshan Capital.

"Hello, Mr. Xue, have you sold your stocks?" Sun Changying asked.

Xue Jian smiled and replied, "I'm sorry, my trader slipped and sold a little bit. But I've taught him a lesson, and I promise I won't sell again today."

Damn, the stock price has hit the lower limit, and I can’t sell it even if I want to.

"Mr. Xue, you can't do this? You promised to help me! You deliberately let me release false information to trick retail investors not to sell, and then you run away first as a show of respect, right?" Sun Changying asked.

Xue Jian smiled and replied: "Mr. Sun, you are really hurtful. I am selling stocks to get back the funds. Only with the funds can I support you when you need it."

"But as long as you don't sell and the stock price returns to a safe level, I don't need your support," said Sun Changying.

"Oh, you don't need my support! Why didn't you say so earlier? I'm hanging up now. I have a guest to meet." Xue Jian said with a smile and hung up the phone immediately.

Sun Changying: “…”

Sun Changying also called other investors and large retail investors who had bought Changhui Group shares and had a chat with them. They all said they supported Sun Changying, but in fact they were all selling their shares.

Now Sun Changying finally understood that those capitals and retail investors said they supported him just to make him issue an announcement to appease retail investors and prevent them from stampeding, so that they could sell more.

Sun Changying threw the cup in anger and yelled, "Fuck you! There is no one who is loyal in this gang. You are still using me at this time. What's the difference between this and kicking someone when he is down or taking advantage of someone's misfortune?"

Just then, there was a call from the front desk and the presidents of the five major banks came with their teams.

Sun Changying forced himself to calm down and quickly met with the presidents of the five major banks.

"Dear bank presidents, please help me and don't mess with me at this time. I will remember your kindness for the rest of my life." Sun Changying pleaded.

The five bank presidents took out the notice sent by the head office and handed it to Sun Changying. They were to act strictly in accordance with the requirements of the head office. Either Changhui Group repaid the overdue loans, or they would apply to the court for bankruptcy liquidation of Changhui Group.

Changhui Group owes these banks a total of 850 billion yuan, of which 530 billion yuan is overdue. However, Changhui Group has less than 100 billion yuan in its account and it is impossible to pay it off no matter what.

At this time, the secretary ran over in a hurry.

"Mr. Sun, our cooperative construction and decoration companies are here, and they want us to pay them right away."

Sun Changying immediately yelled, "Get them all out! There's no money for them!"

The debt collector heard Sun Changying's roar and immediately came over in the direction of the sound.

"Mr. Sun, you are here? Oh, are the presidents here too? Mr. Sun, please settle the account for us. I must receive the money today, otherwise I will not leave."

"I have to get the money too. It's all the hard-earned money of our migrant workers. If I don't get it back, I won't be able to explain to them. Besides, they won't want to work anymore, which will delay other companies' projects."

"Our company still has more than 500 million yuan in unsettled payments. This amount of money can be easily paid out. I hope Director Sun can help settle the bill."

……

Sun Changying said loudly: "Don't come all at once! If you all come together to ask for money, I won't have that much money to give you! Come one by one, and I promise to pay you off. Okay?"

The creditors immediately shook their heads and refused. They would not leave until they got the money. Sun Changying couldn't leave either. The worst that could happen was a fight.

It can be seen that these creditors are very worried about the collapse of Changhui Group, and then they will not get their money back.

With the Sihai Group as a precedent, they dare not take the risk.

Sun Changying had a very good plan, but she never imagined that reality would develop into this situation.

At this time, Yang Chen was taking the six beauties to swim and sunbathe in the villa swimming pool.

"Mr. Yang, aren't you worried about Changhui Group at all? After all, Sun Changying has been in the business world for decades, it's impossible for him to be defeated by you so easily. Should we find the media to create hype and publish some negative news about Changhui Group?" Zhao Jing asked while applying sunscreen on her body.

Yang Chen opened his mouth and took a bite of the grapes that Chen Xi handed over, then said with a smile: "Worry? Why should I worry? Haven't you already seen how good my luck is? There is a destiny in the dark that will arrange everything to help me succeed in short selling. We don't have to do anything, just enjoy this wonderful time. You guys continue to apply sunscreen on your bodies, apply some on your legs and chest, it won't look good if you get tanned. Oh, right, that's it..."

Yang Chen has the skill [Short Selling Must Succeed] rewarded by the system. He doesn’t need to worry about anything, just make preparations for short selling, and the situation will naturally develop in a direction that is favorable to him.

Sun Changying tried every method he could, but still failed to reverse the situation.

Huang Wei smiled and asked, "Mr. Yang, do you need a massage? I'll give you a massage and take advantage of your luck."

"Hmm? Is this okay? I also want to get some of Mr. Yang's luck. Let me massage your legs." Bai Zhi said immediately.

"Then the left leg is for you, and the right leg is for me." Gao Ya said.

Seeing that the others were about to fight for Yang Chen, Chen Xi directly hugged Yang Chen’s head and said: “The head belongs to me, and you can divide the rest among yourself.”

(End of this chapter)