Reborn in 2014: A One-Man Tycoon

Chapter 390 Meng Chuan's Bigger Plan

The official response came so late.

That's because the information Meng Chuan provided was too explosive!

The evidence completely exposed the true nature of Canon and Nikon.

Even Mr. Huang, who had been navigating the capital market for decades, was so shocked that he broke out in a cold sweat.

I have absolutely no idea where Meng Chuan got all this inside information from.

Could it be that Meng Chuan has planted corporate spies in these two companies?

Given the gravity of the matter, Mr. Huang immediately froze all of Canon and Nikon's trading accounts in China.

Immediately afterwards, he convened an investigation team composed of industry leaders and top experts to begin the review.

Finally came to the conclusion:

All the information provided by Meng Chuan is solid evidence; every piece of data and every email is genuine!

The wolfish ambitions of these two giants have thoroughly angered Mr. Huang and the leaders above him!

After an urgent request for instructions, a global live-streamed press conference was quickly arranged.

This is not only to demonstrate to the world China's determination to uphold market rules.

This also serves as a warning to those restless foreign capital:

Want to make money in China? You're welcome!

But if anyone dares to eat Chinese food and then tries to undermine it, no matter who it is, we will not tolerate it!

The news immediately cemented Canon and Nikon's place in the annals of shame.

Governments around the world have raised their vigilance, with some issuing statements of condemnation and others launching judicial investigations against Canon and Nikon in their own countries.

Overnight, these two former industry giants became pariahs.

The stock price plummeted like it had been given an enema, crashing across stock markets worldwide.

At this moment, the air in the top-floor conference room of Canon's headquarters in East J Ginza is almost frozen.

The CEO stared at the international condemnations flooding his phone screen, his Adam's apple bobbing with difficulty.

Twenty minutes ago, their A-share trading accounts were frozen across the board, and their hundreds of billions of yuan in short positions instantly turned into a guillotine hanging over their heads.

"Our system must have been hacked. China is really something else. They were able to hack into our system without us even noticing."

His subordinates were reporting to Canon's CEO.

"Apologize! There's no point in saying anything now. Apologize quickly, and you might be able to salvage some of the losses."

The CEO said listlessly.

Soon after, Canon's CEO personally stepped forward and recorded an apology video at lightning speed.

It must be said that Xiao Rizi has always been serious about apologizing.

He bowed at a 90-degree angle, his attitude incredibly sincere.

However, as a typical nation that forgets past mistakes, they usually remain unchanged even after an apology.

Meng Chuan, however, would not let them off the hook simply because of their apologies.

No sooner had the official announcement of an investigation been made than Meng Chuan followed up with his own measures.

Meng Chuan made a phone call to Zeng Liuqun.

When Zeng Liuqun received Meng Chuan's instructions, he boarded a flight that very night and traveled across most of China in two days.

He visited mining giants such as China Aluminum and China Gold Group one by one.

Zeng Liuqun spent nearly 500 billion yuan in just two days on this trip.

Help these mining tycoons upgrade their production lines and expand their production capacity.

There is only one condition: future high-quality minerals will be supplied to CATL first!

For mining companies, Zeng Liuqun was a lifeline and a cash cow!

Previously, the non-ferrous metals sector was shorted, and stock prices plummeted like a rollercoaster.

With CATL's financial support, these CEOs were all extremely grateful and wished they could kneel down and cling to Zeng Liuqun's leg.

Now that Meng Chuan's call had come, Zeng Liuqun, who had been prepared in advance, immediately held a press conference.

At the reception, strategic cooperation agreements were signed with mining tycoons from all over the country.

Once the major mining tycoons signed contracts and received payment, they immediately announced plans to further increase investment.

The news sent shockwaves through the capital markets!

Stocks in the aluminum and gold sectors surged like rockets, soaring from the daily limit down to the daily limit up.

The trading volume nearly crashed the exchange system.

Looking at Canon and Nikon, their accounts were frozen, and they couldn't even close their positions.

As the stock price soared, the company's top management was frantic, with the losses on the books increasing rapidly every second.

The tens of billions invested earlier are about to go down the drain, and the company has incurred astronomical debts.

Their only hope now is that the stock price will fall back down; otherwise, they will have to use their factories and assets in China to pay off their debts.

In the basement, Meng Chuan stared at the fluctuating stock price, then turned to Liejing with satisfaction and asked:

"How much of the stock that these two companies borrowed was actually lent out by us?"

From the very beginning, the whaling operation was orchestrated under Meng Chuan's instructions.

On one hand, they used some accounts to cooperate with Canon and Nikon in short selling, deliberately inducing them to increase their stakes.

On the other hand, they quietly accumulated a large number of shares at low prices, and then lent them all regardless of how many shares the other party borrowed!

Most of the shares that Canon and Nikon are currently borrowing come from Meng Chuan.

Meng Chuan has become the largest creditor of these two companies in effect.

"Based on the current stock prices, aluminum is at 18 yuan per share and gold is at 25 yuan per share. If they want to return the shares, they will have to come up with at least 1200 billion yuan!"

The whale hunter's voice trembled with excitement.

That was a brilliant move; he perfectly showcased himself to Meng Chuan.

Meng Chuan's lips curled into a cold smile:

"Keep throwing money at it, and double the stock price before their accounts are unfrozen!"

"Young Master, isn't this too risky? The stock price is already inflated; pushing it down further could easily create a bubble..."

The whale hunters were somewhat worried.

"Don't worry, I know what I'm doing. This move is for a bigger picture later on."

A cold glint flashed in Meng Chuan's eyes as he turned to look at the technical expert and said:

"Not a single word about Belad is to be leaked!"

When Dao hacked into Canon and Nikon's corporate systems, he also uncovered evidence that they had colluded with BlackRock to short sell.

However, when Meng Chuan submitted the materials to Huang Lao, he deliberately deleted all of these contents.

BlackRock is backed by top Wall Street capital; to take it down, you have to strike decisively, and now is not the time.

Moreover, Belladon also has something Meng Chuan wants. Meng Chuan needs to deal with Canon and Nikon first before he can go after Belladon.

Dao nodded immediately:

"Understood! I promise to keep it a secret!"

Meng Chuan nodded and said to everyone:

"Everyone has worked hard. Keep up the good work, and I'll give each of you a big bonus later!"

Meng Chuan was in a great mood and naturally became more generous.

Everyone got excited when they heard there would be red envelopes.

After all, the young master has always been very generous; last time, he gave each of the traders 100,000.

After calming everyone down, Meng Chuan left the basement with Ying Die.

"Are you targeting Canon and Nikon so much because you're eyeing something they have?"

Yingdie suddenly asked Meng Chuan with some curiosity.

Meng Chuan raised an eyebrow and smiled:

"That's right, they have something that's worth more than 1200 billion."

Meng Chuan did not hide anything from Ying Die.

"What is it? Should I send someone to steal it...?"

Meng Chuan shook his head and interrupted:

"What I want are their shares in Asma. You can't steal that; we have to make them hand it over willingly!"

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like