Rebirth 1980: Marrying my sister’s best friend at the beginning
Chapter 987 The whole people is pessimistic!
Thursday, October 10st!
Early in the morning, when people on Hong Kong Island came to familiar newsstands, they were ready to buy a few familiar newspapers and read them.
But I was surprised to find that the front pages of almost all newspapers today were talking about the same thing - Xingchen Company was going to fail.
During this period, the stock market war between Xingchen Company, the Chinese Chamber of Commerce and overseas consortiums was no longer a secret. In the absence of emergencies, the war between the two sides was the biggest news and the most concerning thing to the public.
After all, one side is an alliance of overseas consortiums supported by multiple countries, and the other side is the Star Company and the Chinese Chamber of Commerce with a red background. It is destined that this war is not a normal commercial battle, and the traces of the game between great powers are obvious.
Because of this, the current financial war has become an important event that almost everyone on Hong Kong Island is paying attention to.
It's just that in the past half month, the two sides have been fighting back and forth. The situation is completely evenly matched, and no one can do anything to the other.
But no one expected that the wind direction would suddenly change today, and the evenly matched balance would be broken.
The reason is that Xingchen Company suddenly sold off the stocks of more than 24 companies yesterday, and the Chinese Chamber of Commerce lost its controlling stake in companies overnight.
According to the analysis of well-known financial experts, Xingchen Company's move is likely due to lack of follow-up funds, and it is no longer able to cope with the crazy attacks of those overseas consortium alliances, and has to give up some less important companies. In fact, it means giving up its car to save its commander.
At the same time, experts also believe that Xingchen Company's move is nothing more than drinking poison to quench thirst.
Although this can withdraw some funds, it will also trigger a series of chain reactions that are not beneficial to Xingchen Company and the Chinese Chamber of Commerce.
The first is that divisions will occur within the Chinese Chamber of Commerce due to being abandoned, which will affect unity.
Secondly, this incident will also send a signal to investors that Xingchen Company can no longer fight. This will not only affect Xingchen Company’s fundraising, but also affect investors’ confidence in companies related to the Chinese Chamber of Commerce.
In the end, the confidence of their opponents will skyrocket. Seeing the dawn of victory, they will inevitably continue to strengthen their attacks on the listed companies affiliated to the Chinese Chamber of Commerce, making it even more difficult for the already shaky Xing Chinese Chamber of Commerce to cope.
Under such circumstances, the failure of Xingchen Company is almost inevitable.
With the help of the media and newspapers, the news of Star Company's stock market failure spread like wildfire, and soon spread throughout Hong Kong Island.
As the news continues to ferment, the stock market will inevitably be affected.
As soon as the market opened on the 21st, the stock prices of companies belonging to the Chinese Chamber of Commerce plummeted. Many retail investors were worried about the stock market crash and chose to cash out at high prices.
However, those overseas consortium alliances still accept all comers. As long as they are stocks of companies affiliated to the Chinese Chamber of Commerce, they will accept them all.
Although such crazy acquisitions consumed a lot of their funds, the effect was amazing.
In just one day, they once again took control of 28 companies.
So far, there are less than 30 companies still controlled by the Chinese Chamber of Commerce.
Due to the market decline, these remaining companies are also in danger and may be taken down at any time.
On October 10, after taking control of 22 companies, Sangchai immediately ordered people to contact the original major shareholders or actual controllers of these companies.
As long as these shareholders and actual controllers publicly declare their separation from the Chinese Chamber of Commerce and draw a clear line with Xingchen Company, they will not convene a shareholders' meeting, and these companies will remain business as usual.
Moreover, if these shareholders who have lost control of the company raise funds and prepare to buy back their shares and regain control of the company, that is also possible.
All in all, the premise is to withdraw from the Chinese Chamber of Commerce!
Faced with this situation, various disharmonious voices came out from within the Chinese Chamber of Commerce.
For a time, except for some people who knew the truth, almost everyone in Hong Kong looked down on Star Company, Li Yi, and the Chinese Chamber of Commerce.
Monday, October 10th!
After a short two-day break, the new week of fighting begins again. After several days of fermentation, the news that Xingchen Company had to cut off its tail to survive due to depletion of funds has already spread all over the sky.
As if to confirm public speculation, after the stock market opened on Monday, the stocks of companies affiliated to the Chinese Chamber of Commerce generally fell.
In addition to the public's bearish view, the most important reason for the decline in stock prices is that the stock price is relatively high.
After more than twenty days of crazy competition, the stock prices of each company have soared several times.
You must know that such high prices are all raised up. It does not mean that the value of these companies themselves has increased. The artificially high stock prices themselves are like bubbles, which will burst as soon as they blow.
Investors are not stupid either. Seeing the lack of stamina of these companies, they sell their stocks one after another.
If there are too many people selling, the stock price will naturally fall. This is an inevitable law of market economy.
Sangchai and others took advantage of this opportunity to acquire a large number of stocks in these companies, and their shareholding ratio continued to increase.
Therefore, except for the seven companies that are currently in relatively good condition because of the Xingchen Company, the other companies have reached the edge of danger.
On the 25th alone, controlling interests in 12 more companies were taken over, and on the 26th, 9 companies were taken over.
By the time the market closed on the 27th, of the nearly 7 listed companies affiliated to the Chinese Chamber of Commerce, only still had controlling rights in their hands, and the rest fell into the hands of Sangchai and others.
During this period, 32 of the original 9 members of the Chinese Chamber of Commerce publicly announced their withdrawal from the Chinese Chamber of Commerce, and the remaining members were also wavering.
The situation is becoming increasingly unfavorable for the Chinese Chamber of Commerce and Li Yi.
At this time, almost everyone in Hong Kong believed that Star Company was doomed and the Chinese Chamber of Commerce was about to fall apart.
Sangchai and others are even more so, thinking that the victory is determined.
Although during this period, they have invested more than 400 billion Hong Kong dollars in companies such as the Chinese Chamber of Commerce, and their reserve funds are seriously insufficient.
But seeing that the Chinese Chamber of Commerce could be defeated soon, Sangchai immediately sent a telegram for help to his family and London, and at the same time asked several other major consortiums to continue raising funds.
The masters behind these people saw that their results were obvious, and they were naturally willing to continue to increase investment. Anyway, as long as the Chinese Chamber of Commerce was defeated, it was not up to them to decide how they wanted to harvest the Hong Kong stock market.
Besides, it doesn't matter even if you lose money. Compared with the huge harm caused by the Chinese Chamber of Commerce, losing a little money is really nothing.
Soon, another huge amount of US$120 billion was sent.
After replenishing his ammunition, Sangchai decided to immediately launch a final general attack on the Chinese Chamber of Commerce, preparing to complete his success in one battle and completely capture these companies.
At that moment, he re-formulated his action plan. While he ordered people to continue to increase the stock purchase prices of the seven core companies, he also ordered people to contact privately the small and medium-sized shareholders of each company to purchase their shares at high prices.
In the view of Sangchai and others, as long as these seven core companies are controlled, the Chinese Chamber of Commerce will not even have a listed company that it can control, and there will be no need to exist.
In this way, their goal will be achieved.
As for how to monetize the company in their hands and withdraw funds, they already have follow-up plans.
As long as their plan is implemented, not only will the Chinese Chamber of Commerce fall apart, but Li Yi and Xingchen Company will be beaten back to their original shape, and the money they invested will be returned. By then, they will be killed!
However, what Sangchai and others didn't know was that Li Yi and others were also waiting for this moment to come, and the real moment of bayonets came.
(End of this chapter)
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