Back to 1988

Chapter 569 Buybacks
Everyone in the exchange was shocked when they heard this, and hurriedly called up the information of Chen's Capital to look at it. When they saw the last hurdle drawn on the trend chart, they all gasped.

Which institution suddenly sold this?

Is this too harsh?

Mr. Chen was still bragging to one of the shareholders of the board of directors, when he suddenly heard a scream from the other end of the phone, shouting how is it possible?

The voice was like seeing a ghost.

"Mr. Zheng, what's the matter? What happened?"

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

Mr. Chen was taken aback for a moment, and said, "There is really no problem."

"No problem? At the last minute of the market closing, some institutions sold a large number of stocks, which plummeted by [-]%!"

"what?"

Mr. Chen almost couldn't catch his breath. Last night, she called the CEOs of several major financial companies that held shares of Chen's Capital, and told them very sincerely that there was no problem with the company's operation, and that last year, both in terms of profit and growth rate, there were no problems. very good.

How could someone dump the shares of Chen Capital?
After Mr. Chen hung up the phone, he called the stock exchange again. When he learned that the real drop was [-]%, he stood there in a daze, and asked after recovering: "Which institution sold such a large amount of stock?"

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

"I am the chairman of Chen's Capital, and now I ask you to show the details of the transaction!" Mr. Chen scolded into the phone.

"I'm here for transaction consultation. For more information, please go to the special line for consultation." The other party hung up the phone after speaking.

Mr. Chen hurriedly called the special line, and it took a long time to realize that it was not an institution at all, but a dozen retail accounts were sold at the same time.

Someone opened more accounts in private to mess with her!

There was a knock on the office door, Mr. Chen put down the phone and said, "Come in."

A vice president came in and said in a panic: "Mr. Chen, our stock suddenly plummeted when the market closed at noon. We are afraid that it will cause panic when the market opens in the afternoon. Do we want to buy it back?"

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

"Okay, I'll make arrangements, do you want to eat?"

"Don't eat!" Mr. Chen didn't want to eat, so he picked up the phone and started making calls. She had to make sure that those financial companies would not run away.

If the big dealer runs away, the stock of Chen Capital will really lose its support. According to the regulations of the Hong Kong stock market, holding [-]% of the shares will raise a sign, and then an announcement needs to be made for every [-]% increase. Thirty percent, you will face two choices.

One is that the company issues additional tradable stocks. If the company does not issue additional stocks, it will start an acquisition. The holder needs to buy all the outstanding stocks at the highest price. If the holding exceeds [-]%, it will start a complete acquisition mode.

This model is to protect listed companies from being manipulated by others, but opening more accounts makes it easy to avoid such a situation.

Moreover, the threshold for the board of directors of Chen Capital is very low, only [-]%, and those who hold more than [-]% of the shares are automatically included in the board of directors, with the same shares and the same rights, and have the power to vote on the board of directors.

To enter the board of directors is to enter the room. When the board of directors is held, there will be a chance to squeeze Mr. Chen away. There are too many things that many shareholders bully small shareholders in partnership. Change the dividend conditions, change the rules of the board game, and squeeze out one holding. [-] out of [-] founders are just like playing.

This is what Mr. Chen is worried about now!

Mr. Chen made several phone calls in succession, and the emotions of all parties were considered stable. Basically, he would give the face that should be given, and Mr. Chen also promised that if there is a stock dive, they will also invest in repurchases to stabilize the stock price .

After making a phone call, Mr. Chen wanted to chat with Lu Feng again. He first contacted several media that Lu Feng was interviewing, learned where he was living through the media, and then connected to Lu Feng's room phone through the hotel front desk.

"Who is it?" Lu Feng half-lyed on the balcony, looking extraordinarily comfortable, he picked up the phone and asked.

"It's me, the chairman of Chen's Capital!!" Mr. Chen's voice was chilly, as if the person on the phone was a tigress trying to eat people.

"Mr. Chen, you really have great powers. You can find my phone no matter which hotel I change to." Lu Feng said with a smile: "Before the market opened today, all the people in Xiangjiang laughed at me, saying that I am a snake with a lack of heart. When I accepted the media in the morning, those people ridiculed me, and now they are all blown up."

"When did you buy the shares of Chen's Capital? How much more?" Mr. Chen asked straight to the point: "You want to play with me, don't you just burn money, compare with me? What are you comparing with me? "

"Mr. Chen, you can't be so crazy. You are in finance. How much of the money you transfer is your own? It's just using other people's money to pretend to be big money here. I'm in business. "Lu Feng said neither in a hurry nor in a hurry: "Let's read the libretto on a donkey, we'll wait and see."

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

"That's right!"

"The biggest conflict between us is Su Yourong. Do you like this woman? Okay, I can give her to you." Mr. Chen decided to throw Su Yourong out first.

"What do I want that thing for?" Lu Feng rolled his eyes, Su Yourong gave it to him?Don't even want it for free.

"Then what do you want? We don't have any other intersections. Or, someone gave you sweets and asked you to charge for him. What conditions does he give you? I can give you higher conditions. In this place of Xiangjiang , can be more ruthless than me, except for foreign capital, there are not many people." Mr. Chen said with extra confidence.

Lu Feng could tell that Chen always wanted to make big things into small things, and small things into small things. It seemed that this time he really hit her where it hurt.

"Mr. Chen, don't always use your thinking to think about others. As for me, I have always done things frankly. Let me tell you. The reason I'm messing with you now is because you blocked me when I was raising money." Lu Feng snorted and said, "I am a person who will take revenge."

After Lu Feng finished speaking, he hung up the phone. President Chen sat there with a gloomy expression. The vice president opened the door and walked in, saying, "The media has already arrived."

Mr. Chen stood up and walked out. When he arrived in the reception room, a large group of reporters had already set up their guns.

"Mr. Chen, what's your opinion on the fact that the shares of Chen's Capital were sold off at the last minute?"

"When will our last year's financial report be released to the public?"

"Is the sudden plunge related to Lu Feng, the richest man in mainland China? Does Chen Capital currently have a plan to buy back shares?"

Facing machine-gun-like questions, Mr. Chen stood in front of the camera, sinking like water, and said, "At this point in the afternoon, I called all my friends from the TV media to come over. I actually want to announce something to the public."

"First of all, some people maliciously sold the shares of Chen's Capital. In the past few days, through smearing, spreading rumors, advocating, etc., they forced institutions and retail investors to sell the shares of Chen's Capital, reaching some unspeakable human purpose."

"But judging from the opening of the market this morning, the market is very optimistic about Chen's Capital. These despicable methods cannot affect the normal business operation of Chen's Capital. As for the sharp drop at the last minute when the market closed, in fact, the stock market is like this. Out, focus on buying."

"In order to prevent people from holding a large number of shares and manipulating the company, we will repurchase when the stock price is too low. For the final flash crash, it can be understood as normal trading in the stock market, or a technical adjustment."

"Okay, thank you everyone!"

After Mr. Chen finished speaking, he turned his head and left without the slightest nostalgia. A lot of people behind him wanted to ask a few questions, but they were also blocked.

As some media reported to the outside world, the financial industry was completely blown up, and Mr. Chen himself stood up to speak out to the outside world, which in itself represented a signal.

That is, Chen Capital really felt the danger. The more she said there was no problem, the more it meant that the problem was serious.

At [-]:[-] in the afternoon, the market opened again. Everyone in the trading floor was closely watching the stock of Chen Capital. Many professional traders were watching this stock.

"Fall again!!!"

The stock of Chen Capital has already caused panic among retail investors, and was once again sold by a large number of retail investors. It fell two points at the opening and continued to fall!
At three o'clock in the afternoon, Chen's capital has fallen by [-]% since the market opened in the morning.

This kind of decline, let alone retail investors, many financial companies can hardly bear it, and want to cut their flesh and leave the market.

Mr. Chen urgently communicated with the members of the board of directors on the phone, and decided to repurchase part of the stock to stretch the value of the stock, so as not to let Lu Feng take advantage of the situation that the stock fell by more than [-]% in one day.

At [-]:[-] in the afternoon, the host's excited voice came from the radio station, shouting: "I bought it, Chen's capital is out, we saw that Chen's capital launched a buyback, buying two million shares at a time, and The stock has risen, and as for how long it can last, the [-]-yuan mark has already been broken, and it is unknown whether it can defend the [-]-yuan mark.”

Feng Zhiyao listened to the radio, he didn't leave the hotel all day, he half-lyed on the sofa, and said a little bored: "The stocks of Chen Capital will not collapse in a short time."

"I don't want it to collapse." Lu Feng sat up and said: "I want it to rise up, wait, the next week will be the most exciting time, I want to show you, the founder of a company , How did you lose control of your own business step by step."

(End of this chapter)