Chapter 148 Sanxing chooses to fight to the end
"Hello, Mr. Yang, I am Li Zailong, the president of Sanxing. There may be some misunderstanding between us, and I want to have a good communication with you." Li Zailong said humbly.
Yang Chen smiled and said: "Really? Is there any misunderstanding between us? What misunderstanding, please tell us."
Li Zailong replied: "That's right, the bastard Xin Xiangdong, the chairman of Letian Group, lied to me and said that you scolded me, so I said in anger that I would support him against you. I just confronted him in person, and he admitted that he lied to me. Yes, you don't have any Scold me. So, you see, isn’t this a misunderstanding? Since it is a misunderstanding, let’s clarify it quickly. Do you think it’s okay for me to make an announcement that I will no longer support Letian Group? ?”
He's pretty good at bullshitting.
Yang Chen is not the kind of aggressive person. As long as the other party admits defeat, he is willing to be lenient.
"Oh, it turns out there is such a hidden secret! Xin Xiangdong is so inhumane, and this matter was fixed, causing your market value to drop by more than half. Then if I stop short selling now, President Li won't hold a grudge against me, right?" Yang Chen Said with a smile.
Li Zailong immediately said: "Absolutely not! Mr. Yang has no responsibility in this matter. How could I hold grudge against Mr. Yang?"
"Haha... Chairman Li has said all this, so I can't continue to be short-selling. Okay, I will send you an announcement, and you can send it intact in the name of Sanxing Group If you get out, I will stop short selling." Yang Chen laughed.
Li Zailong said quickly: "Hey, okay, okay, thank you Mr. Yang, thank you Mr. Yang. Please hurry up, Mr. Yang. Our stock price has fallen too much and cannot fall any further."
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"Yeah. Hang up." Yang Chen said with a smile.
What a shame and humiliation for the dignified chairman of the largest plutocrat in the Southern Bang Country to beg for mercy in such a humble way.
Lee Jae-yong picked up everything he could pick up and smashed it, including the computer monitor.
On the other side, SK Group Chairman Cui Taicheng also called Yang Chen.
"Haha... Mr. Yang, hello, hello. I am Choi Tae-sung, chairman of SK Group. It is an honor to speak with you. Is my Eagle language okay? I don't have an accent. Can you understand me?" Cui Tae-sung Said very politely.
Yang Chen said with a smile: "I learn Eagle Language every day, and I have no problem with basic communication. What's the matter with President Cui calling me? You don't want to tell me like President Li that you were deceived by Xin Xiangdong and misunderstood Am I done?”
Cui Taicheng immediately said: "Oh, Mr. Yang is so right. That bastard Xin Xiangdong is really bad. In order to persuade us to help him, he lied to us and said that you scolded us, so we issued a statement of support Him. Now that I know the truth, I will call Mr. Yang to clarify the misunderstanding.”
"Hahaha... It's a misunderstanding. Just explain it clearly. I will send an announcement to Chairman Cui. If you send it out intact in the name of SK Group, I will stop short selling." Yang Chen said with a smile.
Cui Taicheng quickly replied: "Okay, okay. I'm waiting for Mr. Yang's announcement. Thank you Mr. Yang."
The reason why other companies lost to Yang Chen was because the company's market value was too high and no one was willing to spend money to protect the stock price.
Samxing and SK are different. Both Samxing Electronics and SK Telecom only have more than 300 million shares. After their stock prices fell by more than half, the presidents of these two groups had enough money to increase their stock holdings to increase their stock prices.
But the problem is that the securities law stipulates that the maximum shareholding ratio of major shareholders and persons acting in concert must not exceed 90%, otherwise the listing conditions will not be met and must be forced to delist. Lee Jae-yong and Cui Tae-sung have money that they cannot use, and they will lose because they are too reckless. What a coward.
It is no exaggeration to say that Li Zailong and Cui Taicheng are deeply dissatisfied. Now they are giving in to Yang Chen, just to preserve the company's listing qualification and stock price. It is not that they are really afraid of Yang Chen.
Yang Chen sent three versions of the announcement to Li Zailong and Cui Taicheng: the Eagle Language version, the stick version, and the Dragon version, asking them to send it out intact.
To summarize the content of the announcement, it is very simple. Samhung Group and Lee Jae-yong, SK Group and Cui Tae-sung sincerely admit defeat to Yang Chen and express their most sincere apologies for their actions.
Yang Chen didn't extort money from them, he just asked them to make this announcement.
Li Zailong was furious after reading the announcement and roared: "Axiba, damn Yang Chen, what does he think of me? What does he think of Sanxing? Axi..."
At this time, Cui Taicheng called Li Zailong.
"President Li, have you seen the announcement from Yang Chen?" Cui Taicheng asked.
Li Zailong immediately replied: "I saw it! He is too arrogant and doesn't take us seriously at all. After this announcement is issued, how will our people treat us? Why don't they scold us to death? I, Li Zaiyong I can’t afford this guy! It’s not that I can’t handle him, it’s the law that limits me!”
Cui Taicheng said: "Oh... who says it's not the case. But if we don't admit defeat quickly and end Yang Chen's short selling behavior, the Bald Eagle family will not let us go. They even dare to assassinate their own celebrity executives, and we are in their What’s the point? There’s no need to take risks for this, right?”
Li Zailong was silent for a while, gritted his teeth and said: "I don't care so much, I will never send out this announcement!"
Cui Taicheng was silent for a moment, and then said: "I want to post, I don't want to cause trouble."
"Can you have some potential? Aren't you afraid that the Chinese will scold you to death? Do you, SK, want to hang out in the Nanbang Empire in the future?" Li Zailong asked angrily.
Cui Taicheng immediately replied: "What can a group of unruly people do to me? But the Bald Eagle really dares to do anything to me. It's the lesser of two evils. I know what I'm doing. I'm dead."
Cui Taicheng immediately hung up the phone and sent the three language versions of the announcement sent by Yang Chen intact in the name of himself and SK Group.
After Li Zailong saw it, he scolded Cui Taicheng in the air.
Yang Chen also kept his promise and immediately ended his short selling of SK Telecom.
SK Group's announcement made the South Koreans, who had always looked down on the Dragon Kingdom, break their defenses.
"SK Group actually admitted defeat to Yang Chen and humbly apologized. You are so embarrassed. You are a shame to the Nanbang Empire!"
"Besides being a gangster, you really have no skills at all. The wealth of the Nambang Empire has been divided up by you chaebols. We ordinary people still try our best to protect the national honor. SK has made a lot of wealth, but they are doing It is such a shame to bring shame to the country and its people.”
"I announce that SK Group has been expelled from the Nambang Empire. From now on, SK Group is no longer one of the chaebols of the Nambang Empire. It is just a coward company. Chairman Choi Tae-sung is the biggest coward in the Nambang Empire."
……
Although Cui Taicheng expected to be scolded and he was fully prepared mentally, when he saw the insults that foreshadowed the situation, he still couldn't bear it and suffered a heart attack and went to the hospital for emergency treatment.
SK Group immediately used the power of the chaebol to delete and block posts on all domestic online platforms in Bangzi.
Out of sight, out of mind, out of sight means not scolding.
Yang Chen didn't wait for Sanxing's announcement. He knew in his heart that Li Zailong couldn't lose face and was ready to continue to resist.
Then keep going, Yang Chen is not the one who is anxious anyway.
Yang Chen called the presidents of the five major banks and informed them to work overtime tonight to short the shares of Tou Ying Family.
The presidents of the five major banks immediately happily agreed and came to the Sihai Investment Department to work overtime at night.
"Tonight we are betting against the Republic Steel Group and the Firestone Rubber Group. I am no longer interested in the Letian Group. I will end my feud with the Letian Group as soon as possible. I will go all out to deal with Sanxing!" Yang Chen said.
This is not the first time they have cooperated. After Yang Chen said what he meant, the traders from the five major banks knew what to do. They immediately contacted the securities firm at Bald Eagle to lend them the stocks of Republic Steel Group and Firestone Rubber Group. .
Republic Steel Group has a total share capital of 2.35 billion shares and a total market value of 34 billion eagle coins.
Firestone Rubber Group has a total share capital of 1.8 billion shares and a total market value of 26 billion eagle coins.
Both companies are controlled by the Cleveland Consortium, which is the current second-generation shareholder of Letian Group.
Yang Chen said that he wanted to end his grudges with Letian Group. In fact, he wanted to force the Cleveland consortium to compromise and pressure Letian Group to surrender and admit defeat.
Wang Wanli, the president of Longguo Bank, smiled and said: "Director Yang, if we are an industrial company owned by the Bald Eagle family, if you don't tell the presidents of BlackRock and Vanguard, will they have any objections?"< br>
Yang Chen smiled disdainfully and said: "Why do they have opinions? Even if they have opinions, they have to be kept in my heart and not allowed to be spoken out. If I can deal with others, I can deal with them. If I can deal with them once, I can deal with them N times. If they lose their use value here, they don’t even have the right to talk to me. Do I need to consider whether they will have any objections?”
Zhao Kun, President of ICBC, immediately said: "There is nothing wrong! Why does Director Yang need to explain to anyone what he does? Taking them to play with them is to give them face, and not taking them to play with them is also his duty."
While they were chatting, traders from various companies completed their short selling work and reported to Yang Chen one by one.
The five banks were short the shares of Republic Steel Group with a market value of 3.5 billion eagle coins, and shorted the stocks of Firestone Rubber Group with a market value of 2.8 billion eagle coins.
After they completed the short selling, Yang Chen ordered Chen Chao to buy some using Sihai Investment's account.
"OK! Call it a day! Go back to bed and get up tomorrow to see the results." Yang Chen said with a smile. At this time, the Bald Eagle family.
As the stock prices of Republic Steel Group and Firestone Rubber Group suddenly fell sharply, members of the Cleveland consortium discovered the anomaly in time. After inquiring with brokers, they learned that the five major banks of Longguo had shorted the stocks of these two companies. .
The Cleveland Consortium immediately held an emergency meeting to discuss countermeasures.
The Cleveland Consortium is composed of families such as Mather, Hanna, Humphrey, and Eaton. Each family takes turns selecting one person to be the spokesperson of the consortium, and the spokesperson rotates every three years.
The current speaker is a member of the Mather family named John Mather.
John Mather said: "It's very sad and very angry. Both of the companies we control were shorted by the five major banks of Longguo. Behind the five major banks of Longguo is the Longguo government, and the operator is Yang Chen. This time we Might be really in big trouble.”
Baron Humphrey said: "What are you afraid of? We will just increase our holdings."
John Mather said: "If the increase in holdings is useful, Qiang Sheng, Goldman Sachs, Morgan, and a series of familiar giant companies will not admit defeat to Yang Chen and pay compensation. It is not yet known what magic Yang Chen has, but it is certain One thing is that as long as he is shorting, it is impossible to pull the stock price back unless he stops shorting himself and then pulls the stock price back.”
Chris Eaton immediately said: "What do you mean by this? Our resistance is in vain? Can we only admit defeat to Yang Chen?"
John Mather immediately said: "That's basically what it means. Of course, if we want to struggle, we can also try to increase our holdings. How about some of us try to increase our holdings of 1 billion Eagle coins each?"
Check out the 16-9 book bar to see the correct version!
Although the Cleveland Consortium sounds very impressive, it is far behind Morgan and others.
Each company's 1 billion in cash to increase their holdings is considered their limit. If they want to continue to increase their holdings, they will have to take out loans or sell assets to raise money.
Everyone knew that Zhang Sanfeng was powerful, but the six major sects still dared to go to Wudang Mountain because they would not be afraid unless they received a beating themselves.
In the same way, the members of the Cleveland Consortium all know that Yang Chen is powerful, but if they don't experience it for themselves, they won't be afraid. They even think that they may be the lucky one who can defeat Yang Chen.
"Agree!"
"I agree too! Each company spends 1 billion Eagle coins to increase its holdings! If we successfully block Yang Chen's short selling, we will become famous. If we fail to block it successfully, we will admit defeat. Anyway, Goldman Sachs, Morgan, etc. We have all given up, and we have no shame in giving up.”
"We have no grudges against Yang Chen. He is shorting us just to force us to ask Letian Group to admit defeat. If we really fail to save ourselves, then satisfy his wish and he will definitely stop shorting on his own initiative."
……
John Mather nodded and said: "Okay! Since everyone wants to resist and give it a try, let's raise money immediately to increase our holdings! It's just 1 billion Eagle coins. One more point is not enough, and one point less is not enough. Let's try Yang How powerful is Chen?”
Representatives from each company immediately nodded in agreement, and then went back to inform their families to mobilize funds as quickly as possible to increase their holdings of Republic Steel Group and Firestone Rubber Group stocks.
Soon, BlackRock President Pacquiao and Vanguard President Buckley received news that the five major banks were shorting Republic Steel Group and Firestone Rubber Group.
Pacquiao communicated with Barkley and rushed from South Bang Country to Dragon Country early in the morning. In the afternoon, he came to Sihai Group to meet Yang Chen.
"Mr. Yang, if you have new actions, why don't you call us?" Pacquiao said.
Barkley followed up and said: "Yes. We are allies, we cannot be left behind in this kind of thing."
Yang Chen said with a smile: "The company that is shorting this time is the Bald Eagle family. I am not worried that you will lose face and feel embarrassed to be shorting them, so I simply don't let you know. If you ask in the country, you can respond easily. .”
Pacquiao smiled and said: "As long as it can make money, who cares which country the company is from. Next time Director Yang takes action, he must bring us with him."
Buckley also said quickly: "Yes, yes, yes, Mr. Yang, please remember to take us with you next time."
Yang Chen said with a smile: "Since you said so, and I am relatively straightforward, let's discuss the terms of cooperation. The five major banks will give me half of the income, how much will you give me? You are also engaged in investment. , you should understand the truth, there is no reason for people to make money for you for free, do you think so?”
Pacquiao and Barkley looked at each other, then smiled and nodded.
"Mr. Yang is right, there is really no reason for you to make us money for nothing. Since the five major banks will give you half of the profit, then we will also give you half." Pacquiao said.
Buckley quickly said: "Yes, yes, we will give you half of it too."
Yang Chen said with a smile: "I know that professional managers like you can't talk. Go back and discuss it with your executives and shareholders before you give me an answer. I don't believe a word of the answer you just come out with. .”
Pacquiao and Barkley looked embarrassed, but there was nothing wrong with what Yang Chen said. They were just professional managers. Such a major matter of distributing interests was not something they could just say. It had to be approved by shareholders and executives. OK.
"Okay! Let's go back to the hotel to contact shareholders and executives for a video conference. When there is news, we will talk to Director Yang." Pacquiao said.
Buckley also nodded quickly and said: "Yes, we will talk to you when we have the answer."
Pacquiao and Barkley said goodbye to Yang Chen and hurried back to the hotel.
If BlackRock and Vanguard are willing to share half of the profits, then Yang Chen will be more liberal. It is time to return the wealth of the Bald Eagle and those European bandits.
In the evening, the Bald Eagle stock market opens.
The Cleveland consortium immediately increased its holdings of shares in Republic Steel Group and Firestone Rubber Group.
They invested a total of 8 billion eagle coins in the stocks of these two companies. However, after the increase in holdings was completed, the stock prices did not rebound. They only traded sideways for less than half an hour, and then began to fall again.
John Mather sighed and said: "Oh...it's really evil. It's useless to increase holdings! Who is selling this horse?"
Chris Eaton said angrily: "Farke! Are these retail investors and institutions out of their minds? Why do they sell at any cost?"
Barron Humphrey said helplessly: "Now I finally understand the despair of Morgan and other group shareholders. Even increasing their holdings as a direct way to increase the stock price is useless. What else can we do? Forget it, forget it, Just admit defeat, there is no point in procrastinating, and the stock price will only get smaller and smaller. If the stocks we pledged to the brokerage are forced to liquidate, we will be in even more trouble.”
Therefore, the current speaker, John Mather, held a vote, and in the end everyone unanimously agreed to compromise with Yang Chen.
So, John Mather called Yang Chen.
"Hello, Mr. Yang, I am John Mather, the current secretary-general of the Cleveland Foundation. Can I talk to you?" John Mather said.
Yang Chen yawned and said: "I'm sleepy and want to sleep. If you have anything to do, please tell me a short story."
John Mather quickly said: "Understood! I know that Mr. Yang shorted Republic Steel Group and Firestone Rubber Group, which we control, and I also know that your purpose of shorting is to make us admit defeat to Letian Group. We are willing to do this, Can Mr. Yang please stop shorting our company immediately?”
Yang Chen smiled and said: "You are quite straightforward and very sensible. I really have no grievances against you. If you really do this, I can end the short selling and help you bring the stock price back."
John Mather immediately said: "Okay, then it's settled. I'm going to call Xin Xiangdong, the chairman of Letian Group, and ask them to issue an announcement to admit defeat to you when they go to work tomorrow! If you have any conditions, just ask him, If he dares not to accept it, I will deal with him!”
Yang Chen laughed loudly and said: "Mr. Mather is open-minded enough, so let's make an agreement. I see the results, and if I am satisfied with the results, I will fulfill my promise. That's it for now. Hang up, I have to go to bed."
John Mather said quickly: "Okay, okay. Then I won't disturb Mr. Yang's sleep. Good night."
John Mather hung up the phone and let out a sigh of relief.
"Yang Chen agreed. As long as we persuade Letian Group to surrender and ask Letian Group to accept his conditions, he will end the short selling and help us bring the stock price back." John Mather said.
Everyone else heaved a sigh of relief after hearing this.
John Mather immediately called Xin Xiangdong, chairman of Letian Group.
Xin Xiangdong quickly got up to answer the phone and said very politely: "Hello, Mr. Mather, hello. What can I do?"
John Mather immediately said in a very serious tone: "Mr. Did you hear that clearly? ”
(End of chapter)