Reborn in 2014: A One-Man Tycoon
Chapter 106 Doing the opposite
Meng Chuan's gaze was sharp and determined, his eyes gleaming with a resolute and piercing light.
Fingers moved across the keyboard like nimble dancers, issuing a series of commands at lightning speed.
They launched an overwhelming sell-off against Xinhua New Company.
In an instant, Xinhua New Company's stock price plummeted like a kite with a broken string, falling uncontrollably.
Previously, Meng Chuan had aggressively driven up the stock price of Xinhua New Company, causing it to hit the daily limit.
However, the spectacular surge in stock prices was like a fleeting shooting star in the night sky, merely a brief moment in time.
At this moment, the stock price, carrying an aura of endless destruction, was nearly at its daily limit down.
Panic spread like wildfire through the stock market.
The atmosphere in the closed conference room of Xinhua New Company was so oppressive it felt like it had frozen.
Everyone felt as if a huge rock was pressing on their chest, making it hard to breathe.
Jiang Chun's face was ashen, almost black, and large beads of sweat rolled down his forehead.
His eyes were fixed on the stock price on the big screen, which was beating wildly like an electrocardiogram.
Both hands were clenched into fists, and the knuckles turned white from excessive force.
He knew perfectly well that Meng Chuan's previous frenzied price surge was all a prelude to this fatal sell-off.
Without the previous surge, investors' panic wouldn't be so intense.
Such dramatic stock price fluctuations can easily lead countless investors to mistakenly believe that a major player is driving up the price to unload their shares.
Once this panic erupts, it is impossible to contain.
"Mr. Jiang, what should we do now? The stock price is falling too fast. At this rate, it'll hit the daily limit down soon!"
An executive spoke anxiously, his voice trembling, his eyes filled with helplessness and panic.
Jiang Chun gritted his teeth, slammed his hand on the table, and roared:
"What's the panic! Everyone stay calm! I'll contact Young Master Chen right now."
His roar was less to encourage his subordinates and more to embolden himself.
He knew in his heart that if the Chen family didn't intervene, they would be completely powerless against Meng Chuan's frenzied dumping of shares.
But is the Chen family really willing to take action for him, a mere cannon fodder?
This is a real war, a life-or-death struggle, involving real money.
Even a father and son might not be able to act without considering the consequences.
Besides, the Chen family's cooperation with him was merely a verbal agreement without any concrete evidence.
However, now Jiang Chun can only rely on the Chen family.
When the call connected, Jiang Chun's voice carried an undisguised pleading tone:
"Young Master Chen, please, please help our company! Meng Chuan is dumping shares like crazy, we really can't hold on any longer!"
There was a moment of silence on the other end of the phone, followed by a cold, piercing voice:
"Jiang Chun, you're a complete waste! You can't even handle this little thing. But don't worry, the Chen family won't stand idly by. We've already prepared a billion yuan and will be entering the fray to target Meng Chuan soon. I refuse to believe that a mere brat would dare to mess with us!"
Hearing these words on the phone, Jiang Chun finally breathed a sigh of relief.
What he feared most was that the Chen family would treat him as a pawn to be discarded.
Faced with Meng Chuan's aggressive offensive, they chose to stand by and watch.
After all, Xinhua New Company alone was simply no match for Meng Chuan's fierce attack.
At the same time, Meng Chuan is closely monitoring every subtle change in the market.
The mere Xinhua New Company could not satisfy his desire for revenge.
Suddenly, a powerful flow of funds emerged in the market, and people began to frantically buy shares of Xinhua New Company.
Meng Chuan's lips curled slightly upward, revealing a barely perceptible cold smile, and he muttered to himself:
"Finally, it took the bait."
With the intervention of this strong capital, Xinhua New Company's stock price temporarily stabilized its downward trend.
It has even begun to slowly recover.
It goes without saying that Jiang Chun doesn't have that ability yet.
Only the Chen family could come up with such a huge sum of money.
"If you want to drive up the stock price, then I'll grant your wish."
However, no one expected that Meng Chuan, who was frantically dumping shares and was about to drive Xinhua Shares to its daily limit down, would suddenly turn around and sell off.
When the newly entered funds began to frantically drive up the stock price, they did the opposite.
They also chose to buy at a high price, thus driving up the stock price.
Xinhua Shares' basic foundation is just a small pond.
In this cramped space, how could it withstand the wanton rolling of two giant dragons?
The stock price, which had been plummeting, quickly rebounded to its daily limit again thanks to the combined effect of funds from both sides.
Within just one hour, Xinhua New Company's stock price hit the daily limit twice.
This unusual fluctuation made it clear to everyone.
This is a fierce battle between two stock market gurus.
As the saying goes, when great masters fight, little devils suffer.
Those small shareholders who hadn't had time to withdraw their shares were now gripped by extreme panic.
Like frightened birds, they frantically sold their stocks at the highest price.
On this entire "battlefield" of Xinhua Shares, all the shareholders are like defeated soldiers.
Everyone wanted to escape this dangerous place as soon as possible.
It's like two armies facing off on an ancient battlefield, where the soldiers flee in terror, leaving only two generals staring at each other on the battlefield.
To stabilize this chaotic situation, the generals must increase their efforts.
They frantically absorbed these "defected soldiers".
Whoever can recruit more "soldiers" will gain control of the battlefield and the power to dictate the narrative.
Now, it's a contest of who has more financial resources.
"Let me see just how much guts your Chen family has, and how much money you're willing to invest in a dog!"
Without the slightest hesitation, Meng Chuan's eyes gleamed with determination as he decisively increased his investment.
Although Xinhua Shares has already hit its daily limit, it does not affect trading.
Meng Chuan poured in two billion yuan directly, buying up all the shares on the market without hesitation, no matter how many were being sold.
Meng Chuan was determined to seize control of Xinhua Shares at any cost.
Xinhua New Company's base is much larger than that of the Lin Group back then.
But at most, it will only be around 20 billion.
The 1 billion yuan prepared by the Chen family was quickly depleted in this fierce financial game.
In a luxurious villa in Shanghai, a young man's face was so gloomy it seemed to drip water.
He is Chen Zhendong, one of the leading figures of the second generation of the Chen family.
Even many members of the Chen family were unaware of this operation targeting Meng Chuan.
Therefore, Chen Zhendong could only call the traders to his villa to secretly carry out the operations.
"Damn it, this bastard is determined to compete with my Chen family in terms of funds."
Chen Zhendong said through gritted teeth.
He hesitated for a moment, but finally dialed a number:
“Aunt, we’ve already poured in all 1 billion yuan, but we’re now at a disadvantage. If we don’t continue to increase our investment, the power in Xinhua Holdings will fall into Meng Chuan’s hands.”
Chen Zhendong knew that once Meng Chuan gained control of the situation, the 1 billion yuan he had invested would be wasted.
This does not include the two hundred million he secretly gave to Jiang Chun before this.
“We can’t let that bastard take control of the conversation. Otherwise, if he initiates the dismantling and restructuring of Xinhua, he will completely control the company and there will be no way to stop his Liu Group from going public. He harmed my son, and I absolutely cannot let him off so easily.”
On the other end of the phone, Chen Li's face was full of malice, and her eyes were flashing with hatred.
Chen Li was once a highly regarded young lady from a prominent family in Shanghai.
But ever since she had her son Shen Chong, she has devoted all her attention to him.
Today, she has long lost the magnanimity and vision of a successful businesswoman.
“I’ll give you three billion from my personal account. How much can you raise on your end?”
Chen Li asked Chen Zhendong.
"With my authority within the family, the funds I can secretly access are no more than three billion. But..."
Chen Zhendong hesitated.
He knew very well that if he lost, the 3 billion yuan would be wasted.
His status within the family will inevitably plummet.
At that point, let alone competing for the position of successor, it will be uncertain whether they can even retain their current status.
"Don't worry, I don't believe that brat would dare to have such audacity. The stock price has already hit the daily limit, and it's time for the market to close."
"We'll wait for the market to open tomorrow, and then pour in six billion yuan with lightning speed."
"Before he can react, seize control of Xinhua's discourse in one fell swoop, and then launch a merger and acquisition directly."
"Although Xinhua is not a high-quality company, it is still worth about 20 billion. Even if we sell it for half price, at 10 billion, we can still make a profit of 4 billion."
"Then we can fill the deficit without anyone noticing."
Chen Li said confidently.
"But……"
Chen Zhendong was still somewhat hesitant.
“Zhendong, you have to trust your aunt. Your eldest brother is your father’s favorite. If you want to inherit the Chen family, you will only have a chance if your aunt helps you.”
Chen Li's tone carried an unquestionable air.
"Alright! I trust Auntie. Tomorrow I'll make sure that brat suffers the consequences of his attempt to steal a chicken!"
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