Reborn in 2014: A One-Man Tycoon
Chapter 80 This wave was a huge profit.
Meng Chuan really let his guard down this time!
Unexpectedly, that old fox Lin Zhongyue had a trick up his sleeve to undermine their advantage.
His plot almost succeeded.
In fact, as early as the day before yesterday, Lin Zhongyue learned that his son's attempt to break Meng Chuan's leg had failed and the person had been arrested.
The next day, Lin Zhongyue secretly submitted a delisting application.
Today marks the first trading day of the delisting period for the Lin Group.
This was also the last trading day for the Lin Group on the stock market.
If Lin Zhongyue can just get through today, he can finally cash in and leave.
Lin Zhongyue's move was extremely subtle.
They kept it a secret not only from Meng Chuan, but also from the other shareholders in the group.
Even his own brother was kept in the dark.
Prior to this, Lin Zhongyue had already cashed out 1 billion yuan.
However, he didn't intend to use that billion to compensate Meng Chuan; instead, he used it all to smooth things over.
As the saying goes, there must be a brave man under a heavy reward.
Money paves the way, and everything goes smoothly.
Once the deed is done, he can get away with it. Where in the world can't he go?
But Lin Zhongyue never expected this.
At this critical moment, he was betrayed by his own younger brother, causing all his plans to fall apart.
Meng Chuan hung up Lin Zhongyue's call, his eyes instantly turning icy cold.
He did not hesitate to increase the selling pressure.
On the computer screen in front of them, the stock price of the Lin Group plummeted like a waterfall.
Soon, the stock price fell below 10 yuan per share.
But Meng Chuan's killing intent intensified.
This time, he's not only going to make that old fox Lin Zhongyue lose both his money and his reputation.
They also want to send him and his son to prison intact.
Lin Zhongyue's actions constitute financial fraud and have crossed the legal line!
As Meng Chuan operated the system, he secretly rejoiced that he had agreed to Shen Yue's request to take action against the Lin Group ahead of schedule.
Otherwise, we would really be outsmarted by that old fox Lin Zhongyue this time and suffer in silence.
The sell-off continues.
Other stock market investors and institutions are also like ants on a hot plate.
They then frantically sold off their shares in the Lin Group.
All we can do is minimize the losses.
Until Meng Chuan sold all his stocks.
Meng Chuan finally breathed a sigh of relief.
However, Meng Chuan only recovered about 3 billion of his initial investment of 5 billion.
The total loss was two billion.
This was still the result of Meng Chuan seizing the initiative.
If you sell later, the losses will only be greater.
It's even possible that it won't be thrown out.
By noon, the Lin Group's stock had finally fallen to just 1 yuan.
In theory, without any restrictions, the stock price could potentially fall to zero.
But Meng Chuan will not allow the Lin Group to completely disintegrate.
In order to help his father-in-law Liu Fu realize the Liu Group's wish to go public through a backdoor listing.
Shorting the Lin Group and seizing control was part of Meng Chuan's plan.
At this point, Meng Chuan decisively bought in at the bottom.
"One yuan per share, I'll take them all!"
Meng Chuan typed his keyboard with domineering force, sweeping through all the Lin Group's stocks on the market with lightning speed.
Meng Chuan only stopped trading when he had a firm grasp of 51% of the Lin Group's shares.
His move was a brilliant timing maneuver.
The Lin Group is not outstanding in the overall market.
Unless you are an individual or organization that pays special attention to it, you will not notice it in a short period of time.
Otherwise, those greedy capitalists and institutions would definitely vie with Meng Chuan for this "fat piece of meat".
After all, even if the Lin Group were reduced to a shell, it would still have its own value.
As long as it hasn't been completely delisted, it remains a listed company.
For companies that do not meet the listing requirements but are eager to go public, it is a highly sought-after opportunity.
After Meng Chuan finished buying at the bottom, he went to another computer.
This is an overseas account logged in, which he used to short the Lin Group.
Meng Chuan used 3 billion yuan as collateral to borrow 130 million shares of Lin's Group from a securities firm.
The price was 22 yuan at the time, and then it was sold for 21 yuan.
On the surface, each share lost 1 yuan, resulting in a total loss of 1.3 million yuan for Meng Chuan.
But now the Lin Group's stock price is only 1 yuan per share.
Meng Chuan bought 1.3 million shares at 1 yuan per share and returned them, making a net profit of 20 yuan per share.
At 20 yuan per share, with 1.3 million shares, the price difference is 26 billion yuan!
Although Meng Chuan's own account suffered a loss of 20 billion, his overseas account made a huge profit of 26 billion.
Not only did they not suffer any losses, they actually made a net profit of 6 million yuan.
They even gained ownership of a shell company for nothing.
"This is a sure thing, no losses!"
Meng Chuan couldn't help but burst into laughter, his hearty laughter echoing throughout the office.
He quickly withdrew all the funds into his own account.
After all, the overseas account was provided by Shen Yue.
Meng Chuan always remained sufficiently wary of her.
After securing the money, Meng Chuan's bank account, which originally held less than 50 billion yuan, now suddenly holds 106 billion yuan.
After the money went through the transaction, the profit wasn't much after deducting the fees.
But these are only the visible benefits.
There are also some unseen factors that are the real culprits.
Because the Lin Group is not a true shell company.
It still has its own real assets.
For example, land, real estate, equipment, etc.
If these assets were sold, their value would likely be between 30 billion and 50 billion.
It's safe to say that Meng Chuan will make around 60 billion yuan from this move.
They even got a listed shell company for free.
If Meng Chuan were to sell the shell company Lin's Group, its value would likely be no less than 5 million yuan.
This was a huge profit.
Of course, it's impossible to sell it.
This shell company also needs to be given to my father-in-law, Liu Fu.
Consider it my betrothal gift.
Meng Chuan composed himself.
He dialed Liu Fu's number and asked with a smile:
Uncle, how are things going on your end?
On the other end of the phone, Liu Fu sighed repeatedly:
"Alas! Many of my old buddies who have been with me for almost half my life are not long left."
Liu Fu's feelings were completely opposite to Meng Chuan's.
Although he secretly hoped to buy back more shares.
But when those old buddies heard that the Liu Group was at risk of bankruptcy, they all started clamoring to quit.
They were even willing to sell the shares back to Liu Fu at a price slightly below market value.
Only two or three people were willing to continue following him.
This feeling of being betrayed and abandoned by everyone filled Liu Fu with sorrow.
"It's better for partners who can only share the good times but not the bad to leave sooner rather than later. Uncle, there's no need to force them to stay."
Meng Chuan patiently comforted him.
"Yes! We couldn't force them to stay. Anyway, how are things on your end? That old fox Lin Zhongyue just called me."
Liu Fu asked with some concern.
"It's alright. From today onwards, the Lin Group will no longer be listed on the stock market."
Meng Chuan smiled easily, as if he were talking about a trivial matter.
He thought it would be a long battle, but he won a great victory in just one morning.
"The Lin Group is no longer in existence?"
Liu Fu was shocked. He had expected Meng Chuan to cause the Lin Group to suffer heavy losses, but he did not expect Meng Chuan to eliminate them completely.
"Uncle, I'll authorize you in a bit, you can handle the paperwork."
Meng Chuan made the arrangements methodically:
"The Lin Group is just a shell company right now. Get rid of the remaining shareholders of the Lin Group as soon as possible, then merge the Liu Group into the Lin Group and change the name. This way, the Liu Group can go public through a backdoor listing."
Meng Chuan briefly recounted the events to Liu Fu, leaving Liu Fu stunned.
The Lin Group, with a market value of tens of billions and a real estate giant that had dominated the market for decades, was taken over by Meng Chuan in just a few moves.
"Meng...Meng Chuan, maybe...we shouldn't go public. If we do, I'm afraid we won't be able to hold onto the shares..."
Liu Fu nervously swallowed.
Listed companies may seem glamorous, but he's afraid he might not be able to handle the dangers involved!
"Hehe, Uncle, it's not as scary as you think."
Meng Chuan smiled and comforted him:
"Besides, do you think it's safer if it doesn't go public? Isn't the Liu Group still being suppressed and on the verge of bankruptcy?"
Meng Chuan then offered Liu Fu some words of comfort and advice.
Just as I was about to put my phone down, it vibrated again.
It was Shen Yue calling.
"Meng Chuan, you're amazing! I didn't expect you to be so fast!"
Shen Yue's first words were praise for Meng Chuan.
"You're fast, your whole family is fast."
Meng Chuan retorted irritably.
"...What's wrong with you?"
Shen Yue was speechless. She had only praised him, so why did it upset him?
"What's the matter?"
"Same as always, we'll meet every hour."
You'll Also Like
-
A magical journey of a sharp-tongued woman and a goofy man
Chapter 465 1 minute ago -
Kilsager and Chat Groups
Chapter 347 1 minute ago -
After faking her death in interstellar space, the powerful woman disguised herself as a man and went
Chapter 274 1 minute ago -
The Transmigrated Farm Girl's Journey to Wealth
Chapter 346 1 minute ago -
A stunning beauty arrived on the island; she invented everything from childcare to babysitting.
Chapter 182 1 minute ago -
Reborn in 2014: A One-Man Tycoon
Chapter 825 1 minute ago -
The video takes us to ancient times; Li Er transforms into the Tongtian Emperor of Shu Han.
Chapter 796 1 minute ago -
I started with Demon Slayer, and after drawing the strongest character, I'm invincible!
Chapter 336 1 minute ago -
I deliver food in a bizarre world
Chapter 147 13 hours ago -
Naruto: Inheriting the Legacy of a Person Who Traveled Through Time
Chapter 81 13 hours ago