Reborn in 2014: A One-Man Tycoon
Chapter 251 Good intentions are a disservice
George arrived at the company at four o'clock in the afternoon, turned on his computer, and had a video call with Meng Chuan.
Yingdie, acting as the translator, sat next to Meng Chuan.
This time is only a little past eight in the morning in the UK.
The market officially opened at nine o'clock.
Unfortunately, this £100 billion deal is the largest transaction George has ever handled.
He was even more nervous than Meng Chuan.
If this deal is successfully completed under his leadership, his reputation in the industry will undoubtedly soar.
Therefore, George did not sleep at all last night.
"The market is about to open."
Suddenly, George said, looking somewhat uneasy.
Immediately afterwards, he refreshed the computer.
Meng Chuan could also clearly see all the screens in front of George through the video.
"My God!"
As George refreshed the page, he immediately let out a shocked exclamation.
Within just twenty seconds of the market opening, 02 Company's share price soared from £9 to £11.5.
Because someone placed a buy order for 11.5 million shares at £1.
Unsurprisingly, the company that placed the order to pay was Huitong Capital.
"Damn it, this is making things worse!"
When Meng Chuan saw the name Huitong Capital, he couldn't help but smile bitterly.
It goes without saying that Ollie was helping him, or rather, making amends to him.
Although Meng Chuan had a lot of accounts, on average they did not exceed 3%, and he did not raise any bids.
But Ollie knew that Meng Chuan was definitely secretly manipulating the stock of 02.
Previously, Ryan controlled Huitong Capital, which almost ruined Meng Chuan's big plan.
Meng Chuan also learned from Alice that Ryan had been grounded by Ollie.
If it's not Ryan, then it can only be Ollie personally controlling Huitong Capital.
Ollie was trying to help him boost the stock price so he could make a bigger profit.
However, this price clearly exceeds the actual value of Company 02 by far.
It's important to know that a company's shares generally do not exceed 30% of its total share capital when they are publicly traded.
Even in mature markets like the UK and the US, the proportion of shares in circulation will not exceed 70% at most.
The remaining 30% is controlled by the company's senior management or the shareholders behind them.
Even if the current circulating shares of Company 02 only account for 70%.
Its total share capital reached 42 billion shares, of which Meng Chuan alone controlled 25 billion shares.
If each share is £11.5, then 02 Company's total market capitalization has exceeded £500 billion.
If the number of shares issued by Company 02 accounts for 30% of the total share capital, then the total share capital of Company 02 will exceed 100 billion shares.
Therefore, the total market capitalization of Company 02 is £1150 billion.
In reality, 02's actual market value is only around £200 billion.
This is far beyond its actual value.
How can the Li family acquire it at this price?
If the Li family has already completed the acquisition, it doesn't matter how high the price goes.
The higher the price, the happier the Li family will be.
The key point is that the Li family hasn't even started the acquisition yet!
The acquisition process has only just begun, and the price has already skyrocketed to this level.
This would directly scare the Li family away.
Even if the Li family isn't scared off, I'm afraid the higher-ups at Company 02 won't be willing to sell anymore.
By simply issuing a few new shares, one can immediately extract a large amount of cash.
This is a rooster that lays eggs!
Why is Company 02 still selling?
Selling when you can make more profit by cashing out is undoubtedly killing the goose that lays the golden eggs.
"Quickly, start selling. Don't sell in large quantities, take 10 shares from each account and release them gradually."
Meng Chuan couldn't sit still any longer.
Because he was afraid.
Meng Chuan didn't know how high the company's stock price would eventually soar.
However, Meng Chuan was certain that 02's stock price could face a complete collapse at any time.
Any slight disturbance could trigger an avalanche.
Even Meng Chuan dared not sell off large quantities.
The current stock price of 02 is like a rubber band stretched to its limit.
He had to pretend to be a short-sighted retail investor and start selling off small amounts of stock.
Any slight movement could cause it to break.
As Meng Chuan sold off his shares, Huitong Capital acquired almost all of them.
I was surprised to see that Huitong Capital offered such a price.
Many retail investors who followed the trend also started to follow suit.
After all, Huitong Capital is a long-established investment institution.
To a large extent, it serves as a bellwether for retail investors.
As for other institutions, many are still holding back.
After all, how many people who become organizations are fools?
The stock price of 02 is clearly rising abnormally.
Although being slow might mean missing out on the biggest benefits.
However, for safety reasons, they are not in a hurry to enter the field.
Retail investors, in order to secure Meng Chuan's orders, had to raise prices.
As a result, the share price quickly reached a high of £12 per share.
At this price, Huitong Capital will no longer be able to acquire the shares.
Unless Huitong Capital also raises its prices.
However, it is clear that Huitong Capital did not follow suit.
This became a frenzy for retail investors.
No matter how many shares Meng Chuan put up, they were instantly snapped up by retail investors.
"Keep throwing, maintain the same rhythm, and don't rush it."
Meng Chuan was very anxious; sweat was starting to appear on his forehead.
But he can't rush it.
He holds too many stocks; if anything unexpected happens, it will be difficult for him to completely divest himself.
Until 12 p.m., which was around noon in the UK.
Meng Chuan has only sold less than half of the stocks he holds.
Meng Chuan holds nearly 25 billion shares of 02.
They have only sold about 9 million shares so far.
However, at this point, Meng Chuan was no longer in a hurry.
Because of these 9 million shares, Meng Chuan received £108 billion, having already broken even.
Everything that follows is profit.
"Continue selling, and you can speed it up a bit."
Meng Chuan relaxed completely.
As long as he breaks even, Meng Chuan doesn't care what the outcome is anymore.
It would be best if he could earn more, but if he couldn't, he wouldn't be completely ruined.
George intensified his selling pressure.
The 02 shares will soon be available for trading on the market.
With both buyers and sellers, the share price of 02 has remained relatively stable at around £11 to £12 per share.
However, just as Meng Chuan began to increase his selling, his phone suddenly rang.
"Huh? What does it mean that Ollie is calling me at this time?"
Meng Chuan looked at the number displayed on his phone with a puzzled expression.
This was a call from Ollie. Meng Chuan hesitated for a moment before pressing the answer button.
"So, are you satisfied with this price?"
Ollie asked the question as soon as he opened his mouth.
"You're playing with fire. You almost scared me to death."
Meng Chuan said irritably.
Meng Chuan didn't know whether he should thank him or resent him.
Without the Warburg family's help, Meng Chuan wouldn't have been able to reap the benefits of 02 Company's success.
However, each time it almost put me in a dangerous situation.
Last time, I did a good deed with malicious intent, but this time, my good intentions almost backfired.
Fortunately, the biggest crisis has passed.
Overall, Meng Chuan still wants to thank him.
"Haha, those who play the finance game are all about the thrill. Didn't you say before that fortune favors the bold? Without danger, where would the profits come from?"
Ollie laughed loudly.
"You didn't call me just to say this, did you?"
Meng Chuan asked seriously.
Meng Chuan didn't believe that Aoli's call was to curry favor.
"I have some news to share with you; you can judge for yourself."
When it came to serious matters, Ollie also became solemn:
"Oumeng's business headquarters is holding an emergency secret meeting regarding the Li family's acquisition of Company 02. The specific content of the meeting is unknown."
"what?"
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