Rebirth 1980: Marrying my sister’s best friend at the beginning

Chapter 614 Familiar recipe, familiar taste!
Hong Kong Stock Exchange. Trading floor!

As the British-owned group officially came to an end and made every effort to buy back the shares of the New Territories Warehousing Center, Li Yi also knew that the target was exposed.

He did not hesitate and immediately showed his fangs and officially competed with the British Group's team for the shares of the New Territories Warehousing Center.

Knowing that the British Group's funds were limited, Li Yi continued to increase the stock price of the New Territories Warehousing Center as soon as he came up.

Under his attack, the originally sluggish stock price of the New Territories Warehousing Center was like a shot of chicken blood. It soared to 88 Hong Kong dollars in a short period of time, an increase of 12 Hong Kong dollars per share.

Faced with Li Yi's simple and crude attack, Smith and others could only bite the bullet and follow the bet.

But they are worried that Li Yi will do enough foreplay and the stock price will rise, as he did before, and then immediately liquidate all the stocks.

Therefore, although Smith and others followed Li Yi's pace and continued to raise prices to compete for the shares of New Territory Warehouse, they were very restrained and paid attention to Li Yi's actions at any time.

However, what made them feel a little uneasy was that this time Li Yi did not seem to raise the stock price and then unwind to earn the difference, but really came for the New Territories warehousing center.

This can be seen from their continuous increase in stock prices!

On November 11, the share price of New Territories Warehousing Center officially exceeded 27 Hong Kong dollars per share.

Less than a day later, the stock price soared again, exceeding HK$100 in one fell swoop.

At this time, after several days of crazy competition, Li Yi once again snatched 820 million circulating shares from the stock market.

At this time, the shares of New Territory Warehouse they controlled had reached an astonishing 44%, which was only 51% away from the 7 required for control!
However, it is this 7% that makes Li Yi a little difficult.

After investigation, they found that the Jardine Group had also snatched 7% of the stock shares from the stock market in the past few days. Adding in the shares they had previously held, the total of all shares reached 29%.

The remaining 37% is scattered in the hands of dozens of large and small shareholders and retail investors. These people see the stock price rising and are reluctant to give up their stocks.

In their view, as long as Xingchen Company and the Jardine Group do not obtain controlling rights, the stock price will continue to rise.

Therefore, in the next few days, the stock price of New Territories Warehousing Center became higher and higher, but the trading volume became less and less.

This situation is very unfavorable for Li Yi and others!
On the one hand, the funds in the hands of the British-funded groups are limited and cannot withstand consumption. If retail investors are willing to sell their stocks, the British-funded groups simply cannot compete with them.

But now those retail investors and small shareholders are unwilling to sell their stocks, which gives the British-owned groups some time to breathe.

Once they mobilize enough funds, it will be difficult to snatch the shares of the New Territories Warehousing Center from them.

On the other hand, Li Yi still has unfinished projects in New York. Compared with the tens of billions of dollars in projects there, Hong Kong Island is obviously not comparable.

Therefore, he must make a quick decision here and must not be entangled with him for a long time.

But things went counterproductive. The more anxious you were, the slower things progressed.

In the VIP room, Li Yizheng looked at the report handed over by Pang Feiyan with a solemn expression.

After a while, he asked in a deep voice: "We have raised the price to HK$125 per share, but no one is still willing to move?"

"No, we only purchased 20 shares this morning, and the trading volume in the New Territories Warehousing Center for most of the day was pitifully small!" Pang Feiyan said.

Lan Xinming immediately suggested: "Boss, the current stock price of the New Territories Warehouse Center has almost doubled. If we continue to increase the price, it may not be effective. How about we go outside and think of a solution?"

"You mean to find breakthroughs from those small shareholders?" Li Yi said.

"Yes, compared to those retail investors, the shares in the hands of small shareholders are relatively concentrated. As long as the price is in place, I think it will not be difficult to get the remaining shares." Lan Xinming explained.

However, Li Yi shook his head and said: "I'm disgusted! We have already won all the shareholders we can win for, and two-thirds of the stocks in our hands were acquired at high prices from those small shareholders!"

"The remaining ones are either people from British-funded groups who are determined to follow those ghosts all the way to the dark side, or they have unsatisfied desires and want the stock price to continue to rise."

"Under the influence of the reluctance to sell, they may not be able to sell their shares easily unless..."

"Unless what?"

"Unless their mentality is broken!" Li Yi said.

"How to break this?" Lan Xinming asked puzzledly.Li Yi immediately said: "We must let those retail investors who are reluctant to sell their shares know that the current stock price has reached its limit and can no longer rise. In that case, they will clear their positions and cash out."

"We understand the truth, but how to operate it?" Lan Xinming said.

Li Yi first looked at his watch and found that there was still an hour and a half before the market closed.

Thinking of this, he immediately said to Pang Feiyan: "Feiyan, immediately increase the price to 130 Hong Kong dollars per share!"

"Yes!"

Shortly after Pang Feiyan left, Li Yi issued a new order again: "Yang Qian, immediately sell part of the shares in the New Territories Storage Center and test the water by selling 200 million shares first!"

"Yes!"

Although Yang Qian didn't quite understand Li Yi's purpose of doing this, she still did it immediately.

Two million shares of stock were invested, and they were quickly snapped up.

After all, the stock price of the New Territories Warehousing Center has soared by about double in the past few days, making many investors make a lot of money.

More importantly, since the Star Company and the British Group have not yet decided the winner, everyone believes that the New Territories Warehousing Center's stock will continue to rise.

Because of this, the 200 million shares that Li Yi sold were snatched up without even a splash in the market.

However, what was unexpected was that these 200 million shares were just the beginning. In the next half hour, large orders were sold one after another on the Hong Kong Stock Exchange.

At first, 200 million shares and 500 million shares were sold, but in the end, 1000 million or 2000 million shares were sold.

At first, people rushed to buy as many as they sold, and as many as they sold were bought.

But soon, when large orders of tens of millions of shares were placed, all investors on the Hong Kong Stock Exchange were stunned.

Soon they thought that there was a bookmaker cashing out funds, and people unanimously thought of Xingchen Company.

This familiar recipe and familiar taste are just like how they tricked the British-owned group a few days ago.

That is to first raise the stock price to an extreme, and then quickly clear out the stock, leaving the taker trapped in a high position.

After understanding this, investors who were confident just now were frightened.

Soon, some investors with weak psychological endurance became unable to hold on any longer.

Most of them are speculators, but they are not as strong as Star Company and British-owned groups. Once they are trapped in a high position, they cannot afford to lose.

In addition, the stock price of the New Territories Warehousing Center is still very high at this time, and it is still very profitable to sell at this time.

Ever since, some retail investors began to follow Li Yi and sell their shares.

But now Xingchen Company not only refuses to accept it, but is also selling a large number of stocks. Smith and others do not dare to make a hasty acquisition after seeing this. After all, the lessons learned from Hang Seng Bank are right in front of them.

At present, the two major bookmakers have stopped buying New Territories Warehouse stocks. For a while, the entire market is full of New Territories Warehouse Center stocks waiting to be sold.

There was a priceless stock just now, but it suddenly became a priceless stock!

Under such circumstances, some retail investors who are in urgent need of cash have lowered their prices in order to find ways to get out of the situation.

Under such circumstances, the stock price of New Territories Warehousing Center plunged rapidly, falling from a high of HK$130 to HK$105 in less than half an hour, and it is still falling.

As for Xingchen Company, not only did they not refuse everyone who came, as they did before, they asked for as much as they wanted.

On the contrary, just like those retail investors, they kept placing external orders and selling off their New Territory Warehouse shares continuously, pretending to be liquidating their positions.

Their move not only frightened retail investors and small shareholders who were ready to take advantage of the situation, but also frightened Smith and others who were responsible for blocking Li Yi.

The shadow of their previous manipulation of Hang Seng Bank's stocks and being locked up at a high position came to their minds again.
(End of this chapter)