Return To 1990

Chapter 569

Everyone in the exchange was surprised when they heard this. They hurried to call out the information of Chen's capital. When they saw the last natural moat drawn on the trend chart, they took a breath of air conditioning.

Which organization suddenly sold this?

Is that too cruel?

President Chen was still bragging to one of the shareholders of the board of directors. Suddenly, he heard a cry on the other end of the phone and shouted how possible?

It sounds like a ghost.

"President Zheng, what's the matter? What happened?"

"Chen Shufeng, didn't you say you handled it well? Didn't you say that the stock has stabilized and there is no problem at all?" Zheng was yelling and questioning at the other end of the phone.

President Chen was slightly stunned and said, "there is really no problem."

"No problem? At the last minute of the closing, some institutions sold a large number of stocks and plunged 10%."

"What?"

President Chen almost didn't draw up at one breath. Last night, she talked to the bosses of several major financial companies holding Chen's capital shares and told them in good faith that there was no problem in the operation of the company, and last year, both the profit and growth rate were very good.

How could someone sell Chen's shares?

After President Chen hung up the phone, he called the exchange again. When he learned that it was really down by 10%, the whole person stood on the spot. After slowing down, he asked, "which organization sold such a large number of shares?"

"Sorry, we can't provide you with such service."

"I'm the chairman of Chen's capital. Now I ask you to show the transaction details!" President Chen scolded on the phone.

"I'm calling for transaction consultation. Please go to the special line for more information." the other party hung up.

President Chen hurried to call the special line. It took a long time to understand that it was not an organization at all, but more than a dozen retail accounts were sold at the same time.

Someone opened more accounts in private and fucked her!

When the door of the office was knocked, President Chen put down the phone and said, "come in."

A deputy general manager came in, slightly flustered and said, "Mr. Chen, our stock suddenly plummeted at the closing of the afternoon. I'm afraid it will cause panic at the opening of the afternoon. Shall we buy it back?"

"Wait a minute, prepare to hold a press conference to explain the situation to the outside world and appease financial companies and retail investors." President Chen ordered.

"OK, I'll arrange it. Would you like to eat?"

"Don't eat!" President Chen didn't want to eat. She picked up the phone and began to make calls. She had to make sure that the financial companies wouldn't run away.

If the big dealer runs away, Chen's capital's stock will really lose its support. According to the regulations of Hong Kong stocks, he holds 5% of the shares, and then he needs to make an announcement every 5% step by step. Once it exceeds 30%, he will face two choices.

One is that enterprises issue additional tradable shares. If they do not issue additional shares, they must start the acquisition. Holders need to buy all circulating shares at the highest price. If they hold more than 70% of the shares, they must start the complete acquisition mode.

This model is to protect listed companies from being manipulated, but opening more accounts can easily avoid this situation.

Moreover, the threshold of the board of directors of Chen capital is very low, only 7%. If the shareholding exceeds 7%, it will be automatically included in the board of directors, with the same shares and rights, and has the power to vote by the board of directors.

To enter the board of directors is to enter the house. When the board of directors is held at that time, there will be an opportunity to squeeze President Chen out. There are too many things that many shareholders partner to bully small shareholders. Change the dividend conditions, change the rules of the game of the board of directors, and squeeze out a founder who holds only 10% of the shares, which is like playing.

That's what President Chen is worried about now!

President Chen made several phone calls, but the mood of all parties was stable. Basically, he would give face. Moreover, President Chen also promised that if there was a stock diving, they would also invest in repurchase to stabilize the stock price.

After making a phone call, President Chen wanted to talk to Lu Feng again. First, he contacted several media interviewed by Lu Feng, learned where he lives now through the media, and then connected to Lu Feng's room phone through the hotel front desk.

"Who is it?" Lu Feng, half lying on the balcony, looked very comfortable. He picked up the phone and asked.

"It's me, chairman of Chen capital!!" there was a chill in President Chen's voice, as if the phone was like a female tiger trying to eat people at the moment.

"President Chen, you are really powerful. You can find my phone in any hotel I change." Lu Feng said with a smile: "before the opening today, people in quanxiangjiang laughed at me and said that I was a snake swallowing an elephant. When they accepted the media in the morning, those people ridiculed me. Now they are all fried."

"When did you buy the shares of Chen's capital? How many more?" President Chen asked bluntly, "you want to play with me, don't you? Just compare with me? What do you compare with me?"

"Mr. Chen, you can't be so crazy. You're a financial man. How much money you turn in your hand is your own? It's just holding other people's money to pretend to be a big money here. I'm an industrial man." Lu Feng didn't hurry or slow down: "let's ride a donkey and read the album. We'll see."

President Chen took a deep breath. She told herself to be calm in her heart and said, "Lu Feng, we haven't met, let alone have a deep hatred, right?"

"That's right!"

"The biggest contradiction between us is Su yourong. Do you like this woman? Well, I can give her to you." President Chen decided to throw Su yourong out first.

"What do I want that thing for?" Lu Feng rolled his eyes and Su yourong gave it to himself? Not for nothing.

"What do you want? We don't have any intersection in other aspects. Still, someone gave you sweets and asked you to fight for him. What conditions did he give you? I can give you higher conditions. In Xiangjiang, there are few people who can be more cruel than me except foreign capital." President Chen said with extra confidence.

Lu Feng could hear that Chen always wanted to turn big things into small ones, and small things into small ones. It seemed that this time it was really hitting her pain.

"Mr. Chen, don't always think of others with your thinking. As a person, I've always been open-minded. I'll tell you. Now I get you because you blocked me when I raised money." Lu Feng snorted: "I'm a person who will repay me if I'm evil."

Lu Feng hung up the phone. President Chen sat there with a gloomy look. The vice president opened the door and came in, saying, "the media has come."

President Chen stood up and walked out to the reception hall. A large group of reporters had long guns and short guns.

"Mr. Chen, what do you think of the massive selling of Chen capital's shares at the last minute of the closing?"

"When will our financial report last year be released?"

"Does the sudden slump have anything to do with Lu Feng, the richest man in the mainland? At present, does Chen capital have a plan to buy back shares?"

In the face of machine gun questions, President Chen stood in front of the camera and said, "taking advantage of this time at noon, I'll call all my friends from the TV media. In fact, I want to announce something to the public."

"First of all, some people maliciously sold Chen's capital's shares. In the past few days, institutions and retail investors were forced to sell Chen's capital's shares through smear, rumor and advocacy, so as to achieve some ulterior purposes."

"However, from the opening situation this morning, the market is very optimistic about Chen's capital. These despicable means can not affect the normal enterprise operation of Chen's capital. As for the sharp decline at the last minute of the closing, in fact, the stock market is like this, selling and buying."

"In order not to hold a large number of shares and manipulate the company, we will buy back when the share price is too low. The final collapse can be understood as normal trading of the stock market or a technical adjustment."

"OK, thank you!"

Mr. Chen turned his head and left without the slightest nostalgia. A lot of people behind remembered to ask questions, but they were blocked.

With some media reports, the financial sector has completely fried the pot. President Chen personally stood up and shouted, which itself represents a signal.

That is, Chen capital really feels the danger. The more she says that there is no problem, the more it shows that the problem is great.

At 2:30 p.m., the market opened again. Everyone in the trading hall stared at Chen's capital's stock, and many professional traders stared at the stock. If the limelight was wrong, they sold it immediately.

"Fell again!!!"

Chen's capital's stock has caused panic among retail investors. It was sold by a large number of retail investors again. It fell two points at the opening and continued to decline!

At three o'clock in the afternoon, Chen's capital has fallen by 23% since its opening in the morning. The decline was unstoppable for a time, just like running thin.

This decline, not to mention retail investors, many financial companies are almost unable to bear it and want to cut meat and leave the market.

President Chen urgently communicated with the members of the board of directors on the phone and decided to buy back some shares to stretch the value of the shares, so as to avoid a decline of more than 50% in a day and let Lu Feng take advantage of it.

At 3:30 p.m., the host's excited voice came from the radio station and shouted: "buy, Chen's capital is coming to an end. We saw Chen's capital start repurchase, buy two million shares at a time, and pull up the stock. As for how long it can last, the 50 yuan mark has been broken. Whether it can defend the 40 yuan mark is unknown."

Feng Zhiyao listened to the radio. He didn't leave the hotel all day. He was half lying on the sofa. He was a little bored and said, "the shares of Chen capital can't collapse in a short time."

"I don't want it to collapse." Lu Feng sat up and said, "I want it to rise. Wait. The next week is the most exciting moment. I want you to see how the founder of an enterprise loses control of his own enterprise step by step."