Chapter 31 Short Selling Changhui Group
Huang Zhenhua felt incredible. Sun Changying had already suffered a loss due to the conflict between his son and Yang Chen, so why didn't he have a long memory?
"Is Sun Changying so bold? Doesn't he know how important you are now?" Huang Zhenhua asked.
Yang Chen said with a smile: "He thinks I am just a scapegoat, without much background or ability. The investment-to-debt agreement signed by Sihai Group and Changhui Group stipulates that if Sihai Group goes bankrupt and liquidates, the entire project will be handed over to Changhui Group to pay off the debt. . So he said that he was different from other creditors. Other creditors did not have such an agreement. They had to ensure that I was alive to retain the hope of recovering the debt, and he should find ways to do so. Beat me to death and let Sihai Group enter bankruptcy liquidation procedures so that they can use 30 billion investment to win projects with an investment cost of more than 60 billion. The night before yesterday, he sent Zhang Lei, the president of the automobile trading company, with a group of people to surround me. , Fortunately, I have practiced a little and they didn’t succeed. You said he pushed me to this point. If I don’t fight back hard, then am I still a man?”
Huang Zhenhua said: "I understand... don't be impulsive. I will talk to Sun Changying in person. If the chat doesn't go well, I will follow your instructions. Hang up, there is still a mess here waiting for me to deal with."< br>
Yang Chen hummed and then hung up the phone.
"OK! Everyone can get off work and work overtime at nine o'clock in the evening." Yang Chen said.
Yang Chen left with Lu Mei, and the employees of the investment department bowed to say goodbye.
After Yang Chen and the others left, the traders started discussing while packing their things.
"It's so exciting to work every day. I hope Director Yang can always be the chairman of Sihai Group."
"According to his 100% profitable operation method, 3 trillion debt is not a big problem. It can be paid off one day."
"That old bastard Wang Sihai is not useless. At least he has given Sihai Group a hope. If Sihai Group has been in his hands, it will definitely be liquidated. In the hands of Director Yang, everything becomes hopeful."
"Only by working with a boss like this can you have hope, and by working with a profiteer like Wang Sihai can you only get a contract."
……
Yang Chen came to the office of Zhang Jinsong, the vice president in charge of real estate business. Zhang Jinsong quickly stood up to greet him.
"Director Yang, you are here. Sit down quickly, sit down quickly."
Yang Chen sat in Zhang Jinsong's seat and said with a smile: "Please contact the city government. They will give us the development of Yuangang Village and the surrounding open space. We don't need to pay for the time being. The projects we develop will be sold out. Recycle the funds and then pay. This project must be made bigger, let everyone know that Sihai Group is launching a new project, and give some confidence to the owners who bought the unfinished buildings of Sihai Group.”
Zhang Jinsong said with a face of surprise: "Huh? There is such a good thing. It has to be you, Director Yang, that is, your ability can make everyone feel at ease, otherwise this kind of unfair thing would not be possible for us. I understand Director Yang I mean, it must be done well.”
"Well, you go and make the connection first. After we get it done, we can sit down and plan how to develop it. Remember to ask for schools, hospitals, etc. Don't be afraid that they won't agree, just because you don't dare to make requests." Yang Chen warned.
Zhang Jinsong laughed loudly and said: "Understood! They all count on Director Yang to solve the problem. We take the initiative. We must get what we can, and we must try to get what we can't."
Yang Chen stood up and left with a smile. Zhang Jinsong arrived at the door and hurried back to prepare to go to the city government to handle the Yuangang Village project.
Not long after the stock market closed at 3 p.m., an investment consultant named Lin Qiu from Guojun Securities posted a message on his personal social account.
"Breaking news! The reason why the Changhui Group staged a turmoil was because there were mysterious funds that borrowed securities to short Changhui's stock price at all costs. It is said that the scale was as high as 1.6 billion shares. Some institutions received the news, so they shipped goods regardless of the consequences. It feels like a big boss is going to kill Changhui Group this time. If you can, retail investors in it should run away quickly. If it’s too late, they won’t be able to run away. Delisting is also possible.”
This news quickly hit the hot search lists on major securities and financial platforms, attracting discussions among Changhui Group shareholders and a large number of passers-by who were watching the excitement.
"Rumors, don't keep it true. It seems that Sihai Group is shorting Changhui Group. I don't know the specific reason. Let me tell you another news. Sihai Group has also won the restructuring plan of Longguo New Coal and Shenhua Coal. They The new chairman is very powerful, with a keen sense of smell and sharp operation.”
"It is said that the chairman of Changhui Group ordered the president of Changhui Automobile Trading Company to lead people to beat up the new chairman of Sihai Group, but he was beaten back by one person. Sihai Group then shorted Changhui Group, and it seemed that it would not stop until death. ”
"When gods fight, it affects the fish in the pond. Who are we, the stock investors, offending? Why should we suffer such losses?"
……
Seeing the public opinion intensifying, Sun Changying quickly ordered the secretary-general of the board of directors to issue an announcement to "clarify".
First, Sun Changying did not order the president of the automobile trading company to lead people to beat up the new chairman of Sihai Group.
Second, everything in Changhui Group is operating normally. Today's stock price fluctuation is only a technical adjustment, and there is no large-scale short selling.
Third, Changhui Group reserves the right to pursue the legal liability of those who spread rumors.
Not long after this announcement was issued, various departments in Jiangcheng City posted announcements on their official accounts on platforms such as Weibo and Douyin. Jiangcheng Market Supervision Bureau: Our bureau received reports from many consumers that the new cars sold by the Jiangcheng Branch of Changhui Automobile Trading Company were refurbished, and the sales staff had a bad attitude, insulting and threatening consumers. Our bureau has officially launched an investigation into Changhui Automobile Trading Company, and the specific situation will be reported in a timely manner.
Jiangcheng Taxation Bureau: Our bureau received a report that there were yin and yang contracts, tax evasion, etc. in Jiangcheng Branch of Changhui Automobile Trading Company. At present, our bureau has officially launched an investigation procedure against the company, and the investigation results will be announced in a timely manner.
Jiangcheng City Bureau: Our bureau received a report from the public that the sales staff of Changhui Automobile Trading Company insulted and beat the car owner. Our bureau has arrested the relevant persons involved and will announce the investigation results in a timely manner.
This series of announcements does not mean that Changhui Group will be sentenced to death, but it tells everyone that Jiangcheng really wants to rectify Changhui Group. As long as it causes panic among institutions and shareholders, Changhui Group's stock price cannot be saved.
When the stock market opened the next day, the stock price of Changhui Group fell sharply. Originally, the institution wanted to prop up the stock price, but retail investors panicked and sold, causing a stampede effect. When the institution saw this situation, it took advantage of it and changed hands with a large order. Lowering the limit does not give retail investors a chance to escape.
Everyone who trades in stocks knows that once panic forms, the market will vote with their feet to determine that the stock will continue to fall, and more and more investors will choose to sell, which can easily lead to the consequences of continuous opening of the stock.
In the remaining three trading days of this week, Changhui Group fell below the limit, and its stock price reached 1.53 yuan.
In order to save the company's stock price, Sun Changying quickly joined forces with several shareholders and executives to issue a shareholding increase announcement. They will spend no less than 100 million yuan to increase their shareholdings in the next six months.
Under normal circumstances, this kind of shareholding increase announcement can indeed save the stock price. As long as the company has no illegal behavior that is determined to delist, the stock price will definitely rebound.
But since Yang Chen chose to take action, he naturally would not leave any chance for Changhui Group to struggle.
Check out the 16-9 book bar to see the correct version!
In the evening, Yang Chen invited the presidents of several banks out for dinner.
"Presidents, it's time for you to take a clear stand on the grievances between me and Changhui Group. Sun Changying personally said that he wants to kill me, so you should think clearly about who to support." Yang Chen said straight to the point.
Engineer Li Jun immediately said: "Do you still need to ask? I must support you, Director Yang."
Chen Tao of the commercial bank followed up and said: "Tomorrow we will report to the head office and ask the head office to immediately collect debts from Changhui Group. If they cannot repay the money, we will suggest the head office to apply to the court for the bankruptcy liquidation of Changhui Group."
Zhang Qiuming of China Construction Bank said: "We will definitely stand by Director Yang's side. Let alone Sun Changying's fault, even if it is Director Yang's fault, we will definitely stand by Director Yang's side."
Yang Chen raised his wine glass with a smile and said: "Boss, you are very interesting. Don't say anything. Everything is in this glass of wine. Come on, let's do it!"
In order to give these presidents a reason to request Yang Chen for reinforcements from the head office, Yang Chen ordered Chen Chao to sell a stock after the Bald Eagle stock market opened, and lent Yang Chen 1.1 billion plus 100 million from 5 banks. All eagle coins were converted into eagle coins according to the real-time exchange rate and returned to the foreign currency accounts of 5 banks.
There is no limit on the rise or fall of the Bald Eagle's stock, and it is a T+0 system. Yang Chen has used these few trading days to turn the principal of 100 million eagle coins into 600 million eagle coins, and repaid 5 bank loans to him. After a total of 250 million eagle coins, there are still assets of 350 million eagle coins left in Sihai Investment's account. These are the net income earned by Yang Chen's operations.
After receiving Yang Chen's repayment, the presidents of the five banks confidently contacted the president of the head office to report their work, and at the same time requested the head office to support Yang Chen and not let such messy things disrupt Yang Chen's operational ideas.
On Sunday night, the five major banks took action.
The president of China Construction Bank Beijiang Branch deliberately posted a message on WeChat Moments.
"I just received an order from the head office in the afternoon to collect debts from Changhui Group tomorrow. If Changhui does not repay the money within three days, we will apply to the court for bankruptcy and liquidation of Changhui Group. We have business dealings with Changhui Group in our circle of friends My friends should make plans quickly to avoid losing everything.”
Immediately afterwards, the presidents of the Beijiang branches of several banks, including Agricultural Bank of China and Commercial Bank of China, also posted the same news in their WeChat Moments.
After sending the message, they shut down their phones and did not give anyone a chance to inquire about the information. The more information they could not inquire about, the more uneasy they became. Those companies and individuals who cooperated with the Changhui Group couldn't bear it and contacted the Changhui Group overnight. Request checkout, or cancel cooperation.
Sun Changying's phone was inundated with calls, and shareholders blamed him for acting impulsively and recklessly, because personal grudges had caused heavy losses to everyone, and he had to bear full responsibility.
Sun Changying was so angry that she called Yang Chen again.
"Yang Chen, you are so cruel! You really want to push us to the end!" Sun Changying said angrily.
Yang Chen directly scolded: "Aren't you talking nonsense? Since I choose to take action, I will definitely not leave you any chance. Aren't you two trying to kill me? Let's see who dies in the end!"< br>
(End of chapter)