Reborn in 2014: A One-Man Tycoon

Chapter 250 Waiting for the Opening

In a single day, the stock price of Company 02 soared like a rocket, unstoppable.

The main reason behind all of this is Meng Chuan.

Meng Chuan controls 80% of the circulating shares of Company 02, which are distributed across thirty accounts, thus firmly locking in the price of Company 02.

The remaining 20% ​​is mostly held by major institutions, and retail investors have already been scared away by the previous false information, leaving almost none of their shares.

Meng Chuan naturally wouldn't sell his shares.

Those institutions remained steadfast during the stock price crash, and now that the stock price is about to surge, they are even less likely to give up easily.

On the contrary, they are eager to drive up prices, take the opportunity to accumulate more shares, and allow their own stock holdings to continue to appreciate in value.

There were very few shares circulating in the market; no one was selling, yet everyone was queuing to buy.

The supply shortage naturally drove the stock price up dramatically.

When the share price climbed to £6, someone suddenly put up a buy order for £8 per share.

This move instantly ignited market enthusiasm, and 02's share price soared to £8.

However, even at such a high price, no one in the market was willing to sell, and the scarcity of circulating shares caused the stock price to continue to climb.

After the Li family officially announced the acquisition of 02 Company at 10:11 AM on November 10th, 02's share price soared to £9 per share by the close of trading that afternoon, setting a new historical high.

This is the second time that 02 Company's stock price has seen such an astonishing increase.

The first instance was on the day Meng Chuan entered the market, when the share price soared from £3 at the opening to £8.8.

This time, the share price jumped from £4 at the opening to £9, shaking the market.

George's phone was ringing off the hook.

As the custodian of Meng Chuan's account, he became the object of many colleagues' eagerness to contact him.

Everyone wants to get the right of first refusal from him.

However, without Meng Chuan's authorization, George had no right to make any decisions.

At the same time, Meng Chuan's phone kept ringing.

In this world where profit reigns supreme, information security is always relative.

When the stakes are high enough, even the most robust defenses can be breached.

Meng Chuan's mobile phone number was also obtained by various organizations.

Just as Meng Chuan was deep in thought, his phone rang again. Meng Chuan was about to hang up when he realized that this time it was Wang Zheng calling.

"President Meng, please, come to Beijing! Singles' Day is at midnight tonight. Let's witness the miracle of Pinduoduo together!"

On the other end of the phone, Wang Zheng's voice carried a hint of pleading, and even some anxiety.

Wang Zheng has been calling Meng Chuan for several days in a row, hoping that Meng Chuan can fly to Beijing.

Together with him, witness this Double Eleven shopping festival that could determine the fate of Pinduoduo.

The reason was simple: Wang Zheng was unsure of himself.

Pinduoduo was created by Meng Chuan. Without Meng Chuan, there would be no Pinduoduo today.

Tonight's Singles' Day is crucial for Pinduoduo, and Wang Zheng hopes that Meng Chuan can attend in person to reassure him.

"I really don't have time. Your previous strategy was already very good. Don't worry, Pinduoduo will definitely be a great success."

Meng Chuan responded with a wry smile.

He had great confidence in Pinduoduo, but he simply couldn't get away to go to Beijing today.

Due to the time difference, the UK stock market will open at 5 pm today.

From 5 p.m. until 1 a.m., Meng Chuan had to stay in front of his computer, constantly monitoring market dynamics.

While Pinduoduo is important, for Meng Chuan, the stock of Company 02 is the most important thing right now.

Although Pinduoduo's market value continues to climb, it is still in the incubation stage and its profitability is limited.

It's unlikely that Meng Chuan can make money from it in the short term.

However, the stock of Company 02 could bring Meng Chuan real and huge profits.

However, the stock price of 02 has exceeded Meng Chuan's expectations.

Following the original historical trajectory, the Li family will acquire 02 for £105 billion, with the share price rising to a high of £9.8 per share.

However, due to Meng Chuan's involvement, the Li family's valuation has increased to £120 billion, and the share price has soared to £9 per share in a single day.

The stock price is very likely to continue to surge after the market opens this afternoon.

However, Meng Chuan had no idea how high 02 Company's stock price would eventually rise.

Furthermore, excessively high stock prices are not a good thing.

Unpredictable changes can occur in the market at any time.

If the stock price rises too quickly, Company 02 may choose to issue more shares to raise a large amount of cash to alleviate its debt pressure, thereby rejecting the acquisition.

Even if Company 02 is still willing to be acquired, it may offer a higher price.

However, if the price exceeds the Li family's affordability, the Li family may abandon the acquisition.

If the acquisition fails, Company 02's stock price will collapse instantly.

Therefore, Meng Chuan must constantly monitor market dynamics to determine whether to continue holding or sell and cash out.

If a decision is made incorrectly, it could very likely result in a situation where everything falls apart.

Therefore, Meng Chuan really had no intention of participating in the Double Eleven gala; he had to devote himself entirely to this capital game.

Meng Chuan has staked his entire fortune on this gamble.

"President Meng, all the employees in the company say that Pinduoduo is like an unwanted stepchild. Please have some compassion and come over here!"

Wang Zheng continued to plead, his tone even carrying a hint of coquetry.

"Wang Zheng, how disgusting are you? You're over thirty, and you're still resorting to such despicable tricks?"

Meng Chuan laughed and cursed helplessly.

The thought of a middle-aged man acting coquettishly towards him sent chills down Meng Chuan's spine.

"What else can I do? I can't hit you or yell at you. Besides, I promised Huo Wanxi I would invite you to the party. How am I supposed to explain this?"

Wang Zheng said, feeling wronged.

At his age, he doesn't want to act silly or cute!

Unfortunately, Meng Chuan didn't give him any face at all!

For Pinduoduo's first participation in the Double Eleven shopping festival, Wang Zheng specially organized a grand party, imitating Taobao's announcement of the day's transaction volume on-site.

For this gala, he invited all the internet celebrities from the Meng Po Guild, including Huo Wanxi and Meng Jixiang.

Many celebrities and influencers will also be attending.

Douyin and Tencent Video will also broadcast the entire event live.

Huo Wanxi agreed to attend the party because Wang Zheng promised to invite Meng Chuan as well.

That way, she can sing "Learn to Meow" with Meng Chuan.

Wang Zheng thought that inviting Meng Chuan would be as simple as making a phone call.

After all, Meng Chuan is a shareholder of Pinduoduo, so how could he possibly be absent from such an important occasion?

But Wang Zheng never expected that Meng Chuan would repeatedly make excuses.

He had been begging Meng Chuan for days, but Meng Chuan just wouldn't agree.

"No need to explain, just say I'm busy. Okay, that's it. I really have something to do, I'll come see you later when I have time."

After Meng Chuan finished speaking, he hung up the phone without giving Wang Zheng a chance to continue.

Normally, he might attend this party, but not tonight.

Moreover, with Huo Wanxi present, Meng Chuan was even less likely to attend.

Meng Chuan had absolutely no desire to sing a duet with Huo Wanxi.

It's outrageous that a CEO with assets worth hundreds of billions would sing "meow meow meow" on stage.

After hanging up the phone, Meng Chuan went out of the room, prepared some food, and then locked himself in the dormitory.

Everything is ready; we're just waiting for the UK stock market to open...

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