Rising from the age of thirty

Chapter 399 Continuous Short Selling

"You'll understand soon. Let me show you my bank account." Lu Ronghao handed the phone to his wife with a proud look on his face.

When Lu Songhao's wife took the phone and looked at it, she was shocked by the number on the screen: "Oh my God, so much money? Where did it come from?"

She had never seen such a huge number in her life, not to mention that it was more than three million!

Lv Ronghao explained with a smile: "I was among the first batch to sell, so I only got more than twice the profit, and they might get a little more."

Lu Songhao's wife was still puzzled and asked, "You haven't told me yet, where did all this money come from?"

Lu Ronghao laughed proudly: "Hahahaha, don't worry, I recently followed Lao Qi to invest and made money by buying stocks."

It turned out that Lu Ronghao's original investment was actually only 150 million yuan, but only more than 80 yuan of it truly belonged to him, and the rest was borrowed through various channels.

And now, he has earned back more than 320 million yuan including principal and interest.

You know, it would have been impossible for him to borrow so much money before, but now, he works under Lu Le, other people's views of him have changed, and borrowing money is no longer difficult.

Not long after, Shi Tou and his wife arrived at the restaurant together.

It was almost noon at this time. Yingying had specially asked for leave to come here. After all, she was a relative of the family, so her leave application was quickly approved.

Shitou walked straight to Luzon Hao and sat down.

Lu Ronghao said, "Shi Tou, why are you here so late?"

Shitou replied helplessly: "Don't mention it, there are still a lot of things to deal with in the company."

Lu Ronghao's eyes lit up instantly, and the corners of his mouth slightly raised, revealing an expectant smile, and he said softly: "I heard that you recently made a new movie. How about it? Which role do you think is suitable for me?"

However, the other party shook his head and explained: "It's not a movie. Brother Le wants to take the company public, and he is currently completing the materials."

A hint of surprise flashed across Lu Ronghao's eyes, and then he smiled and said, "Have you finally decided?"

The other party nodded and continued, "It's good to go public, you can make more money."

At this moment, Shitou suddenly remembered something, patted the other person's shoulder excitedly, and said, "By the way, you made two million, congratulations!!"

Hearing this, a hint of embarrassment appeared on the other party's face.

"Shi Tou, it's your turn to sell the goods today. The price seems to be just a little lower than yesterday, but I remember you invested 1000 million."

Shitou looked helpless and said with a wry smile: "Why are you shouting so loudly? I don't have much money. If I had more, I would have bet 20 million. I told you to bet as much as you want."

Yingying said: "I'm sorry, husband, I can't help you at all."

This wave of dog food was sprinkled on Lu Quan, who was single next to him.

"So I came from Ping County just to eat dog food?" Lu Quan looked helpless.

"Old Four, you finally came to Focheng. What's the matter? Tell me."

"It's nothing serious. Several projects in my hometown are developing steadily. I have nothing to do recently, so I came here. It's very boring in my hometown!"

The tourism project in Ping County has already started construction, and Lu Quan is no longer needed for the rest. As for the industrial park, it has also started production.

A few people were chatting about recent events until Lu Le and others arrived.

While eating, Lu Le asked Lu Quan about his work and some trivial matters, mainly the stock price of Zhong Group.

Everyone basically made more than double their money and cleared out all their money before today, leaving Lu Le with 700 million.

There may not be a double return because he bought it all the way and the cost was relatively high.

The next day, Lui Lok found He Mei and said seriously, "Sister, this is a great opportunity! Go find someone and borrow some Zhong's stocks. I plan to sell 700 million stocks, which will definitely cause Zhong's stock price to drop sharply. And according to reliable information, they are preparing to issue a reduction announcement internally. This is definitely a good opportunity for us."

Hearing this, He Mei couldn't help but widen her eyes and marveled inwardly.

He didn't expect Lui Lok to be so bold and to attack Zhong again.

However, thinking about the previous successful experiences, I felt that this plan might be feasible.

He Mei immediately responded: "No problem, then how many stocks do we need to borrow? How long is the contract loan period?"

Lu Le thought for a moment and replied, "About 300 million, and the loan period is only one week. Anyway, when the time comes, we just need to return the stocks of corresponding value to the brokerage firm."

"Makes sense."

After the conversation, He Mei immediately arranged for someone to borrow stocks from the Zhong Group, and then waited for Lu Le to start a new round of short selling together.

In the following period of time, the Zhong Group once again fell into crisis.

All of this stems from Lui Lok’s continued selling behavior, which caused the Zhong Group to suffer another blow from the short-selling storm.

Lu Le sold all of his stocks worth billions without hesitation, a move that caused market panic and investors' concerns.

As a result, the stock price of Zhong Group plummeted, which was a terrible sight.

At the same time, the announcement released by Zhong Group also attracted the attention of the China Securities Regulatory Commission.

The CSRC decided to launch an investigation into the incident and required the Zhong Group to make a reasonable explanation to shareholders.

Time passed quickly, and a week passed in the blink of an eye. During this period, the stock price of Zhong Group fell all the way, and finally fell to a staggering 15 yuan! This was even lower than the previous price, which was simply horrible.

What's worse is that they had previously issued a share reduction announcement. If this were to be executed based on the current stock price, the consequences would be disastrous. I'm afraid they would want to die.

Meanwhile, Lui Lok was triumphant. He successfully depressed the share price of the Zhong Group, putting it in a difficult position.

Although Marriott Capital did not take any action, it still suffered considerable losses due to market fluctuations.

However, at this moment, the Zhong Group still has no idea about the mastermind behind the continuous short selling of the company.

They didn't know who was manipulating everything behind the scenes, and could only watch the company's stock price plummet without being able to do anything.

In this one-sided hunting, more than a month passed and Lui Le made 15 billion.

He Mei earned more than 200 million.

The worst hit is the Zhong Group.

Soon the time came for the lawsuit against Tencent, and Lu Le called and asked Lawyer Wang what the chances of winning were.

Lawyer Wang said: "Eighty percent!"

After the court session, Lui Lok did not show up, but I heard from Lawyer Wang that everything went smoothly.

Lui Lok said: "We must make them claim 200 million in compensation." (End of this chapter)

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