Starting out as a drug dealer in 1988
Chapter 536 Shorting Longxing 9
At 7:55 in the evening, the spacious and bright conference room of Longxing Group was crowded with people and a constant noise was heard.
The participants were whispering to each other, as if countless bees were buzzing in their ears.
Everyone's face was shrouded in solemnity, and their expressions were serious and nervous. It was obvious that everyone had already known in advance the important news that was about to be revealed today.
"Mr. Min, you are the second largest shareholder of the company and have a close relationship with Chairman Zhou. I wonder what Chairman Zhou's purpose is in convening this board meeting?"
Feng Desheng from Hongyuan Fund came up to Min Wensheng from Changhai Group and asked softly.
Min Wensheng shook his head and said helplessly, "My news is no earlier than yours. I just got the news that someone is shorting Longxing, and they are coming with great force and will not stop until they achieve their goal."
"Didn't Jay Chou find out who did it?" Feng Desheng was very confused.
Min Wensheng shook his head slowly, a trace of helplessness and anxiety on his face.
You should know that Changhai Group has always regarded overseas trade as its core business. Among many markets, the Asian market is vital to them, and it can be said that it accounts for about 60% of the company's entire share.
However, over the past six months, an unprecedented financial crisis broke out in Asia. This storm ruthlessly swept through various industries, and Changhai Group was naturally not immune.
Under such difficult circumstances, the company's business showed a clear downward trend and the situation is still worsening.
Faced with such a severe situation, Min Wensheng had to concentrate most of his energy on his own company and go all out to deal with various crises and challenges. He had no extra time to pay attention to other things.
In fact, if it weren't for the board meeting that needed to be held today, according to the original plan, Min Wensheng was also planning to have a good talk with Zhou Changyan in the next few days.
After careful consideration, Min Wensheng decided to reduce his holdings in Longxing Group's shares.
There is only one purpose for doing this, which is to use the funds obtained from cashing out to fill the huge losses suffered by Changhai Company due to the financial crisis.
After all, if no timely action is taken and this situation is allowed to continue, Changhai Group will probably find it difficult to survive the ravages of this financial crisis and may eventually face the tragic end of bankruptcy.
But who could have imagined that at noon today, Min Wensheng suddenly received a shocking piece of news: someone was maliciously shorting the stock price of Longxing Group!
The stock of Longxing Group, which had been stable at a certain price, suddenly plummeted, its market value shrank significantly, and its share price plummeted all the way to 11.92 yuan.
This sudden change caught Min Wensheng off guard, because at this moment, he held a full 9% of the shares of Longxing Group!
In just one day, he watched his wealth plummet, with the loss amounting to nearly 3 million Hong Kong dollars!
This huge loss was like a sharp knife, deeply hurting Min Wensheng's heart and making him feel distressed.
If he had proposed the plan to reduce his holdings earlier, this huge amount of money would undoubtedly have fallen into his pocket.
With this considerable wealth, he is fully capable of keeping Changhai Group going for a longer period of time, thus avoiding the current difficulties and crises.
However, it is regrettable that there is no such thing as "if" in this world.
Just as everyone was still enthusiastically discussing various response plans, the tightly closed door of the conference room was suddenly pushed open from the outside without any warning.
Immediately afterwards, Zhou Changyan walked into the conference room with heavy steps, followed closely by his youngest son Zhou Xiaoyu.
At this moment, Zhou Changyan's expression seemed extremely serious. His face, which should have been radiant, was now full of fatigue and haggardness, as if he had experienced an extremely cruel storm.
Without any unnecessary courtesy or pleasantries, this urgently convened meeting immediately got down to business after the secretary of the board's brief and capable opening remarks.
The secretary said in a calm tone: "Dear colleagues, I believe everyone is very clear about the current situation of the company.
Prior to this, I had quickly arranged for relevant staff to conduct an in-depth investigation to find out what force was maliciously shorting our company behind the scenes.
However, because this incident happened so suddenly and there were no warning signs beforehand, it may take a few more days to fully investigate the truth."
As soon as the words fell, Zhou Changyan, who had been silent the entire time, slowly raised his head and took over the topic from the Secretary. His voice was slightly hoarse but still full of authority. He said, "The situation is indeed as serious as you just said, but please rest assured, I will do my best to lead everyone through this difficult time. As for the specific arrangements to be made next..."
Having said that, Zhou Changyan paused for a moment, as if organizing his thoughts.
At this point, the impatient Feng Desheng could no longer suppress his inner anxiety and asked impatiently, "Mr. Jay, please tell us quickly, what are your plans for the future development?"
Zhou Changyan nodded slightly to Feng Desheng, then said solemnly, "Judging from the current situation, our opponent has already gained substantial benefits from this confrontation.
It is foreseeable that they will press on and intensify their attacks tomorrow.
However, we absolutely cannot sit idly by and do nothing about this. If we allow it to continue, our company's stock price will surely plummet like a broken dam, and your vital interests will also suffer severe damage!"
Hearing this, Min Wensheng couldn't help but frown. He keenly caught the hidden meaning in Zhou Changyan's words.
So, he asked bluntly, "Brother Zhou, are you planning to rescue the market?"
Zhou Changyan nodded deeply, agreeing, and replied earnestly, "That's exactly what I mean! At this critical moment, I hope every shareholder here will work together to contribute their efforts to saving the company's stock price. Only in this way can the company be saved."
As he said this, Zhou Changyan glanced at Min Wensheng vaguely. After all, not only did they have a close personal relationship, but Min Wensheng was also the company's second largest shareholder.
There is no doubt that Zhou Changyan was very eager for Min Wensheng to step forward, play a leading and exemplary role, and take the initiative to propose a large sum of money to purchase company shares.
Unfortunately, things did not go as planned. Min Wensheng is now unable to take care of himself and is caught in many difficulties. How could he have any extra money to invest in Longxing Group?
Not only Min Wensheng, but even the other shareholders fell silent when they heard Zhou Changyan asking them to contribute money to save the share price of Longxing Group.
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