Starting out as a drug dealer in 1988
Chapter 531 Shorting Longxing 4
Although the atmosphere seemed to have eased at the moment, everyone present knew very well that today's task was definitely not easy.
After this fierce competition in the morning, the afternoon is bound to usher in an even more thrilling battle.
Sure enough, when time quietly passed 1 p.m., as agreed in advance, all the staff returned to their posts on time, ready to face a new round of challenges.
"Lower the price. It must be controlled within 13 yuan today. They are not allowed to turn the tables." Zhao Wenhao stood behind the trader and gave the order again.
Soon, short orders flew out one after another, and the stock price of Longxing Group fell again.
13.6 yuan/share, 13.3 yuan/share, 12.8 yuan/share, 12.5 yuan/share...
At that moment, when the stock price, which had been plummeting all the way, rushed towards the critical point of 12.5 yuan per share like a wild horse, a gleam of light suddenly flashed in Zhao Wenhao's deep and sharp eyes.
Without hesitation, he waved his hand and stopped the traders who were about to continue selling stocks: "Stop, stop what you are doing and see how the other party will react next!"
After hearing Zhao Wenhao's instructions, the traders seemed to be cast under a spell in an instant, and their originally busy hands came to an abrupt stop.
One of the traders quickly responded, "Understood, Boss!"
Then, they quickly stopped all trading activities as requested by Zhao Wenhao.
At this time, Zhao Wenhao already had an exquisite chess game in his mind.
For him, the most important thing at the moment is not to rush to push the stock price of Longxing Group to the bottom immediately.
Instead, he had to skillfully manipulate the situation so that Zhou Changyan always felt there was a glimmer of hope, and thus continued to invest more money.
Only by gradually depleting their cash flow can they be forced to use fixed assets as collateral to obtain funds, and finally even their valuable shares have to be mortgaged.
In this way, the entire Zhou family can be firmly trapped in the web that he has carefully woven, leaving them with no power to turn around.
After all, if the Zhou family only successfully acquired the Longxing Group and still possessed huge wealth, then the victory in this business war would obviously not be able to satisfy Zhao Wenhao's deepest expectations and ambitions.
At the same time, in the spacious, bright and luxuriously decorated chairman's office of Longxing Group, Zhou Xiaoyu's face was full of excitement, and his steps were as light as a happy deer. He hurried in to report the latest situation to Zhou Changyan who was sitting behind the desk.
"Father, the stock price has finally stabilized! Judging from the current situation, the other party's funds may not be very sufficient!"
“How much money has the company invested?”
Zhou Changyan frowned, his expression extremely solemn, unlike Zhou Xiaoyu's excited face at all.
When he saw his father's serious expression, Zhou Xiaoyu's heart skipped a beat. The smile that was originally filled with joy disappeared in an instant, replaced by a look of embarrassment and unnaturalness.
He replied timidly, "So far, almost 5000 million has been invested... However, the trading department believes that although the stock price has stabilized for now, in order to truly reassure the majority of shareholders and stop them from panic selling, the price will probably have to be raised further!"
After listening to his son's report, Zhou Changyan remained silent.
He silently took out a pack of cigarettes from his pocket, lit one of them skillfully, and took a deep puff.
Then he slowly turned around and looked outside the huge floor-to-ceiling window.
Through the clear glass, you can clearly see the beautiful and prosperous Victoria Harbour.
At this time, Zhou Xiaoyu was full of doubts and completely confused.
He called out cautiously, "Father?"
However, Zhou Changyan remained silent, as if he was immersed in some deep thought.
After a long while, Zhou Changyan finally broke the silence and said quietly, "This fight is far from over."
His voice was low and suppressed, sounding full of worry and helplessness.
It was as if he had already foreseen that a series of more difficult problems might arise next, but he was helpless to do anything about it.
Indeed, if the opponent is allowed to continue to suppress the company's stock price at will, it will not be long before all shareholders will completely lose confidence in Longxing Group.
If this happens, it will undoubtedly be a devastating disaster for the entire Longxing Group.
However, if the company chooses to continue to repurchase its own shares on a large scale to stabilize the stock price, it means that a huge amount of funds must be used.
Where does the money come from? This is another difficult question that causes endless headaches.
Before this, although the company still had a cash flow of more than 2 million yuan in its account, these funds were actually reserved specifically for supporting the company's daily operations.
At this moment, if this valuable fund is used rashly, it will undoubtedly bring a series of unpredictable impacts on the normal operation of the company.
The more critical question is when this fierce business battle will come to an end, and no one can accurately predict it.
As to whether the remaining funds of less than 2 million yuan are sufficient to deal with various situations that may arise in the future, it is also an unknown.
In this way, a completely out-of-control and helpless situation spread rapidly like a plague, and this was exactly what made Zhou Changyan feel most painful and helpless.
"Alas..." Zhou Changyan sighed deeply, then slowly turned around and fixed his gaze on his youngest son, whom he had always doted on the most. He said in a deep voice, "Give the order and have the company release an important news immediately."
We have decided to allocate HK$1 million from the company's books specifically for the repurchase of our own shares to stimulate the rise in the company's share price. I will personally communicate with the board members about this matter and greet them.
"Okay, father!" Zhou Xiaoyu nodded quickly in response.
Although he still had only a vague understanding of the specific matters that his father was worried about deep in his heart, this did not prevent him from decisively following his father's instructions to properly arrange the relevant matters.
Not long after, Longxing Group officially announced this shocking news and posted it on the company's bulletin board.
In an instant, like a stone that caused a thousand ripples, the entire market was thrown into turmoil by this sudden news.
Investors heard the news and a large amount of funds poured into the stock trading market of Longxing Group, pushing the stock price to soar!
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