Rebirth of the Financial Crisis Sweeping the World

  Chapter 155 155 huge loss of 2 billion, the market value has shrunk by 75%!

  Wang Guanxi, who was eating breakfast at the moment, also noticed [Wing Lung Insurance's huge loss of 2 billion].

  The news was suddenly released before the opening of the market. It was really not easy, and it seemed to be conspiracy.

  Wang Guanxi continued to check the shareholders of Wing Lung Insurance, including Asian Financial Holdings Corporation. Suddenly, Wang Guanxi thought of Chen Tianqing.

  There are regulations that insurance companies cannot go bankrupt and can only be acquired or merged.

  This time, Wing Lung Insurance Company must be finished, so the institution that acquired it is probably the Asian Financial Holding Company.

  This Asian Financial Holding Company is also an insurance company, and its main business is the insurance industry!

  Chen Tianqing must have acquired Wing Lung Insurance at the least cost. Wing Lung Insurance was also acquired by an insurance company in his previous life.

  But Wang Guanxi can’t remember which one it is.

  Now I know that it was Chen Tianqing who acquired Wing Lung Insurance.

  The acquisition price seems to be 100 million Hong Kong dollars.

  The original 2 billion Wing Lung Insurance was finally acquired by the Asian Financial Holdings Corporation for a price of 100 million, which is equivalent to the price of cabbage.

  Now that Wang Guanxi knows, Chen Tianqing won’t be able to succeed so easily. He just lacks an insurance company.

  "Look at where Wing Lung Insurance's stock price will fall"

   "Hey, I cut you off"

  `····

   Soon the stock market opened, and Chen Tianqing's people began to smash the market frantically.

  200,000 shares!

  200,000 shares!

  200,000 shares!

  ···

   sold 5 million shares!

  Stock price plummeted!

   fell from the 20.00 position to the 16.00 position.

  America, Annis of Indy Mac Bond Management Company is also stupid!

  What's going on? Someone hit the market in advance, and they have no chance to sell at a high position!

  "Selling"

  "Quick sell-off"

"Yes, Mr. Annis" traders began to sell the shares of Wing Lung Insurance. They hold 10% of the shares of Wing Lung Insurance, worth 200 million Hong Kong dollars. Now this 200 million Hong Kong dollars is not much. Now for them who lack funds, That's also meat.

  2 million shares!

  2 million shares!

  ···

  Soon Wing Lung Insurance's share price continued to fall sharply under their sell-off.

  15.00!

  14.05!

  13.56!

  ·····

  Asia Financial Holdings, Chen Tianqing shouted: "Increase the selling!"

  The stock price fell so badly, he certainly knew that Indy Mac Bond Management Company was selling.

  That's right, everyone sells it together.

  "Yes, Chairman" traders continue to sell

  12.40!

  11.50!

  10.50!

  10.00!

  Many retail investors looked at the report of Wing Lung Insurance Company's huge loss of 2 billion Hong Kong dollars, and they were shocked. The stock price fell so badly, they also closed their positions crazy!

  The stock price continues to fall!

  9.00!

  8.00!

  ···

  3.00!

  In a single morning session, Wing Lung Insurance’s share price plummeted by 75%, and its market value dropped from HK$2 billion to HK$300 million!

  In one morning, the market value lost 1.7 billion Hong Kong dollars.

  Wang Guanxi was eating lunch and watched the Wing Lung Insurance Company’s share price plummeted by 75%, and its market value shrank from HK$2 billion to HK$300 million!

  This is simply too unexpected.

   Soon he saw the news of Wing Lung Insurance Company’s huge loss of HK$2 billion.

  This Wu Zhankun is finished.

  The Wu family was already under attack. In order for Wu Zhankun’s father to continue to take charge of Wing Lung Insurance Company, Wu Zhankun’s father also bought a 40% stake in Wing Lung Insurance from China Merchants Wing Lung Bank for HK$800 million.

  This is all right, 800 million has become 120 million Hong Kong dollars, and it is a miserable loss.

  This Wu Zhankun is GG.

  Wu Zhankun was still in front of him last night, saying that the market value of Wing Lung Insurance was 2 billion Hong Kong dollars, and he asked him to take 2 billion Hong Kong dollars out!

  This is all right.

  NTM’s cypress, are you still cypressing now?

  Wang Guanxi has a good appetite, and eating salad is so cool.

  And now the cultural hotel, 17th floor, room 1750.

  Wu Zhankun just woke up and was so tired last night that he didn't want to get up.

  The beautiful model of Jiyuan Model Company beside him has left. He opened the news, and when he saw it, he was completely silly.

  The market value has shrunk by 75% in one morning!

  Indy Mac Bank also went bankrupt, and the investment was all over.

  All his mobile phones fell to the ground.

  A sharp pain struck, and my heart seemed to be stabbed.

  He doesn’t even know what to do?

  Take the funds to protect the disc?

  It's just giving money in for nothing, it's useless.

  Wing Lung Insurance's insolvency is also the end of the acquisition. If you want not to be acquired, you have to fill in the money.

  He hurriedly put on his clothes, and then rushed back to Wing Lung Insurance Company.

  Opening in the afternoon, Indy Mac Bond Management Company continued to sell the shares of Wing Lung Insurance Company. They felt that Wing Lung Insurance would also be dragged down by them and lead to bankruptcy.

  Before Wing Lung Insurance does not go bankrupt, quickly liquidate its stocks.

  Annis didn’t close his eyes all night. Today, the Asian stock market opened. They were just preparing to sell the shares of Wing Lung Insurance, and some institutions were smashing the market, causing them to sell at a low price.

  "Continue to sell, empty out"

  "Yes, Mr. Annis" two traders kept closing their positions.

  In addition to the crazy liquidation of retail investors, the market value of Wing Lung Insurance has dropped from HK$300 million to HK$150 million!

  The total share capital is 100 million shares, and the stock price is fixed at 1.5 yuan per share.

  A retail investor exclaimed: “Oh my God, today Wing Lung Insurance’s share price fell from 20.00 yuan per share to 1.5 yuan per share, and its market value has shrunk by 1.85 billion Hong Kong dollars.”

  A retail investor: "Damn, knowing that, I should short it"

   "Being short 200,000 shares will make a lot of money," a retail investor said with some regret.

  While Guanxi watched the stock price of Wing Lung Insurance Company plummet so much, he was very happy. Chen Tianqing planned to acquire Wing Lung Insurance. He also thought about it, but he was not in a hurry to call Wu Zhankun and let Chen Tianqing fight first.

  At this moment, in the office of the chairman of the Wing Lung Insurance Company, Wu Zhankun leaned on the boss’s chair, staring at the chandelier with dull eyes.

  Today, Wing Lung Insurance’s stock price crashed, with a market value of 150 million.

  And today, China Resources Beer, China Resources Gas, China Resources Cement, Sinopec... these stocks are all falling.

  The loss of Wing Lung Insurance is incalculable.

  In fact, Wing Lung Insurance had a huge loss of 2.5 billion. With the recent shrinking of assets, there are still 3 billion assets left, liabilities of 3.2 billion, and net assets of negative 200 million.

  The cash flow of Wing Lung Insurance Company has been exhausted.

  And assets may shrink further, this time Wing Lung Insurance is finished.

  Not only Wing Lung Insurance Company is finished, he himself suffered terrible losses and his career was in a mess.

  At this time, his phone rang, and it was Chen Tianqing who called, saying that he wanted to let Asia Financial Holdings acquire Wing Lung Insurance.

"M&A?" Wu Zhankun's expression was a little dark. This Wing Lung Insurance was operated by him. Before China Merchants Bank acquired Wing Lung Bank Association, he begged his father to spend 800 million Hong Kong dollars to buy 40% of Wing Lung Insurance from China Merchants Bank Wing Lung Bank. Of shares.

  Now that the Asian Financial Holding Company has been merged, he is really unwilling.

Chen Tianqing said on the phone again: "Zhankun, Wing Lung Insurance is finished this time. You should get rid of it early. The market value will definitely fall below 100 million tomorrow. It is estimated that it will be lower in the future. I will now give you a purchase price of 100 million, which is pretty good. Otherwise, the purchase price of 50 million yuan, or even lower."

  Tomorrow, Chen Tianqing intends to continue to sell Wing Lung Insurance's stocks, so that Wing Lung Insurance's stock price will be even lower!

  Today, he only smashed 5 million shares at the opening of the market. The other stocks were sold by retail investors or other financial institutions.

  "Let me think about it" Wu Zhanhai's complexion is extremely complex, uncomfortable, extremely uncomfortable!

  Wing Lung Insurance is so finished?

  He hates it!

  This Indy Mac Bond Management Company and Indy Mac Bank simply killed him!

   Chen Tianqing, the **** is still in trouble.

  His cousin Wu Zhanhai is not doing well, everyone is miserable.

   did not dare to ask the family to continue asking for money. Before, his father bought a 40% stake in Wing Lung Insurance in order to spend 800 million!

  And now Wing Lung Insurance has a market value of 150 million, and 40% is worth 60 million.

  800 million and 60 million are left. When he went back, his father estimated that he would break his leg.

   Soon the phone rang again. It was Wang Guanxi. He thought about it and got it through.

"what's up?"

  (End of this chapter)