Starting out as a drug dealer in 1988

Chapter 538 Shorting Longxing 11

As Feng Desheng finished speaking, the atmosphere in the conference room instantly became lively.

Other shareholders began to speak out, one after another reporting the amount of funds they were preparing to raise.

Most of them referred to the amounts provided by Min Wensheng and Feng Desheng, and made rough estimates based on the proportion of shares they held.

However, after some statistics, the results were not satisfactory.

Apart from Zhou Changyan's previous promise to strive to raise up to 1 million yuan, the total amount of funds that all other shareholders can raise together is less than 7000 million yuan.

You know, according to Zhou Changyan's initial estimate, the board of directors needs to successfully raise at least 2.5 million or even more funds to have enough strength to resist the malicious short-selling operations of Longxing Group from competitors.

But now it seems that we are still far from the target amount...

In his opinion, there are still 1.2 million yuan in funds in the account, of which more than 7000 million yuan is used to maintain the company's operations and pay off overdue loans.

In this way, the company still has more than 4000 million in funds.

If another 2.5 million can be raised, it will be equivalent to nearly 3 million yuan for this war.

3 million should be enough in his opinion.

Unfortunately, God did not wish.

Based on the fundraising situation this time, including the currently available funds for free disposal, the total amount is only around 2 million yuan.

And this is based on the premise that everyone can keep their promises and put all the funds they are responsible for on time.

When he thought of this, Zhou Changyan couldn't help but feel deeply frustrated, but faced with such a situation, he also felt somewhat helpless.

You know, Zhou Changyan is the largest shareholder and chairman of this group!

Those people might be able to ignore this matter, but he couldn't.

So, the only thing he can do now is to rack his brains to think about how to raise more funds to cope with the current fierce business war.

The board meeting ended hastily not long after.

At this time in the conference room, except for Zhou Changyan and his son Zhou Xiaoyu, all other participants had already left.

Zhou Xiaoyu's face was filled with rage, turning blue with anger. He stood in front of the table, cursing non-stop, "Father, these bastards are simply outrageous! They're only willing to pay such a small amount of money. It's really despicable!"

Hearing his son's complaints, Zhou Changyan gently rubbed his brows and said slowly, "Forget it, forget it. Everyone has their own difficulties. We shouldn't force others too much."

"So how should we respond? Can these funds actually solve the problem?"

Zhou Xiaoyu asked with a puzzled look on his face, a hint of anxiety and uneasiness in his eyes.

Zhou Changyan looked dejected, but he quickly pulled himself together and responded, "Tomorrow morning, I'll have the CFO go to the bank and mortgage all of our properties and shops. This way, we can probably raise around 1 million yuan. But..."

Zhou Changyan paused briefly, then added gravely, "I'm afraid this amount of money isn't nearly enough to fill the current hole. So, I plan to pledge some of our company shares to raise further funds."

Hearing this, Zhou Xiaoyu couldn't help but be shocked, with an expression of disbelief on his face, and stammered: "Pledge shares? This... How can this be possible!"

It was obvious that he had never anticipated that the situation would develop to the point where such extreme measures would be needed.

However, Zhou Changyan had already made up his mind to give it a try. He suddenly stood up, raised his hand angrily, and slammed it hard on the table in front of him. There was a loud "bang" sound, as if the whole room was shaken.

Then, he gritted his teeth and said bitterly, "Now that things have come to this, since we've decided to have a fierce battle with them, let's just go all out and fight them hard!

After the repurchase operation some time ago, our Zhou family currently holds a total of 35% of the company's shares. If estimated based on today's stock price, it is worth at least 120 billion yuan.

This time I plan to pledge 5% of my shares. I want to see if the other party really has such strong financial resources to continuously suppress and short us!"

"But if we pledge shares, we must issue an announcement. Then shareholders will definitely panic again, and our stock price will be suppressed again!" Zhou Xiaoyu said in confusion.

Zhou Changyan shook his head, quite helpless. "Let the stock price drop. Once the funds are in place, we'll find a way to pull it up. Judging from the current situation, raising funds from other channels is impossible!"

"Hey……"

Zhou Changyan sighed again, his hatred for the black hand hiding behind the scenes and manipulating the stock price even more reached its peak.

.................. ..

"Hey, Mr. Zhao, look, just now, Longxing Group actually released two major announcements in one go!"

In the spacious and bright office of New Century Investment Company, Kuang Youzhi is concentrating on collecting various relevant market information.

His eyes were fixed on the computer screen, and his fingers were sliding the mouse wheel quickly.

Zhao Wenhao, who was busy processing documents, looked up when he heard Kuang Youzhi's voice. A hint of curiosity flashed in his eyes, and he quickly asked, "Oh? What kind of announcement is it? Tell me quickly."

Kuang Youzhi quickly gathered his thoughts and answered clearly, "The first announcement is about a major shareholder pledging shares. It's said that Zhou Changyan wants to pledge his 5% stake in Longxing Group.

The second announcement was a solemn statement from Longxing Group, stating that all shareholders would work together to save the stock market, and that they had successfully raised a huge amount of funds to be used for a large-scale repurchase of their own company's shares.

After saying this, Kuang Youzhi couldn't help but show an excited look on his face.

Zhao Wenhao was stunned for a moment, then his lips curled up involuntarily, and he grinned. "Haha, these two announcements really do seem a bit contradictory. I'd like to know, faced with this situation, what choice will our fellow shareholders make?"

Kuang Youzhi also laughed heartily, saying confidently, "Hahahaha, in my opinion, as long as the stockholders are still sane and not stupid, considering the disastrous stock market conditions yesterday and the fact that the major shareholder pledged shares today, once the market opens today, there's no need for us to suppress the stock price. The stock price will definitely plummet like a slide!"

Zhao Wenhao suppressed his smile, his eyes gleaming with a sharp light: "In that case, let the storm come even harder!"

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