Rebirth of the Financial Crisis Sweeping the World

  Chapter 55 55 The major shareholder is a big fool

  At this moment, Hengda Automobile Hong Kong Branch held an emergency meeting.

  Because of this morning’s trading, Hengda Auto’s stock price has been sold frantically, and the stock price has plummeted

   fell from 1.30 yuan per share to 0.70 yuan per share, the market value evaporated by nearly 5.24 billion Hong Kong dollars, 11.4 billion Hong Kong dollars fell to 6.16 billion Hong Kong dollars, has shocked the head office in the Mainland.

  President Li Siquan's face is very ugly: "Director Liu of the head office has called, let us stabilize the stock price!"

  Li Siquan is an excellent manager. He has been involved in the real estate industry and has more than 12 years of experience in investment, development, marketing and other fields. He is currently responsible for the Hong Kong branch and the funds under the branch.

  This morning, the shareholders have shrunk in value, gritted their teeth with hatred, and screamed at him. Liu Chengyan, the major shareholder and executive director, asked him to use his fund to stabilize the stock price of Hengda Auto.

  "Yes, Mr. Li"

  So everyone followed suit and used the funds in Hong Kong.

  Open in the afternoon.

  Hengda Auto’s stock price began to rise after their purchase, but when it rose to 0.85 yuan per share, it was again sold wildly.

  The upward momentum has been severely set back.

  The stock price fell again from 0.85 yuan per share to 0.70 yuan per share.

  Li Siquan hurriedly called to stop: "Stop first"

   "The other party must be waiting for us to pull up, and then they will continue to sell at the high position!"

  So several traders stopped.

As for the Ping An Fund, Hao Yumao looked at the stock price chart of Hengda Auto, and was shocked. The stock price of Hengda Auto began to rise sharply at the opening of the afternoon, from 0.70 yuan per share to 0.85 yuan per share. He originally wanted to wait for it. When the price rose to 1.00 yuan per share and then sold, I did not expect that there would be other shareholders selling the stock.

   So he shouted: "Keep selling, don’t stop!"

   "Yes, President"

  So Ping An Fund started a new round of selling!

  1 million shares!

  1 million shares!

  ···

  The stock price has fallen to 0.60 yuan per share, and then the fund of the Hong Kong branch of Hengda Motors sold out.

  Li Siquan's eyes fired: "Pull me up again!"

  "Yes, President", the traders executed the order again and bought a lot of stocks!

  Hengda Auto’s share price began to rise, and was soon forced to 0.85 yuan per share.

  But not too long, it was smashed down again and fell to 0.70 per share.

  Li Siquan shouted: "Stay steady, continue to buy!"

"Yes!"

  So the stock price of Hengda Auto fluctuates in the range of 0.60 to 0.85 frantically, and the trading volume is very large.

  Wang Guanxi saw that the net value in the account changed very quickly, with hundreds of thousands of floats every second, which was frightening to see.

  He screamed in his heart: "Let me continue to plunge, fall!"

  He clenched his fist tightly.

  And Li Siquan roared: "Hold the 0.70 position for Lao Tzu, and buy me a lot of money!"

   "Yes, President!" Traders bought more fiercely.

  4 million shares!

  4 million shares!

  The stock price is firmly locked above the 0.70 position!

  Ping An Fund’s Hao Yumao looked at this scene and was immediately very happy. He knew that the people of Hengda Auto were stabilizing the stock price. That would be the best, just to let the Ping An Fund liquidate its position at a high level.

  But they won’t settle down too fast, take your time, the people of Hengda Auto will stabilize the stock price anyway.

   "halving sell-off"

  "Yes, Mr. Hao"

  So they slowly sold off.

  Because they began to sell slowly, under Li Siquan’s crazy purchase, the stock price rushed to 1.00 yuan per share!

  Wang Guanxi looked at this scene, his face was not very good, how much he hopes that Hengda Motor’s share price will plummet to below 0.50 yuan per share today.

  Unfortunately, the people of Hengda Auto started to stabilize the stock price.

  But he is not worried, because many investors and shareholders of Hengda Auto will sell the shares of Hengda Auto to cash in cash.

  ··

  At this moment, in a luxury mansion in the mainland, Liu Chengyan, the major shareholder of Hengda Automobile, is also frantically dumping his own Hengda Automobile stock.

  He knows the real situation of Hengda Auto. Today’s performance is particularly poor, and the stock price will collapse sooner or later. Today, the people of Ping An Fund are already selling off, so he will naturally follow.

   While the stock price was still above 0.8 yuan per share, he cashed out some more cash.

  Of course, a large-scale sell-off of stocks requires funds to take over. So he thought of the fund specially set up by Hengda Motors in Hong Kong, so he specifically called and asked Li Siquan, the head of the Hong Kong branch, to use the funds of the fund to take over!

  Let Li Siquan use funds to stabilize the stock price on the stock market, and then make it easy for him to sell, but he did not expect the people of Ping An Fund to sell so aggressively.

  He didn't care about it, and sold it like crazy!

  5 million shares!

  5 million shares!

  ··

  Smash!

   Soon Hengda Motor’s stock price was directly pierced by Liu Chengyan!

  Take a thousand miles!

   plummeted from 1.00 yuan to 0.70 yuan per share, a 30% drop in a short period of time!

  At the same time, Liu Chengyan did not forget to send a message to Li Siquan, the person in charge of the Hong Kong branch, and order him to die.

   "Mr. Li, stabilize the stock price at all costs!"

  The purpose of all this is to cash out more stocks at high positions as much as possible, so that Li Siquan can use the fund to stabilize the stock price of Hengda Auto.

  But he knew that the stock price would not be stable for long.

  Many shareholders will react and start cashing out shares.

  He just wants to go one step ahead.

  ···

  At this moment, in Hong Kong, Li Siquan is stupid. This is obviously the major shareholders of Hengda Motors who are cashing out, but he does not know which major shareholder is cashing out!

  Liu Chengyan, the former major shareholder and concurrently executive director, gave him a death order, allowing him to stabilize the stock price at all costs!

   So he shouted: "Pull me up!"

  "Yes, Mr. Li!" Traders continued to buy large sums.

   Soon the stock price was pulled to 0.90 yuan per share.

  Wang Guanxi saw the stock price rushed to 0.90 yuan per share again, and he felt a little regretful. Originally, he was waiting for the stock to fall below 0.50 yuan and then began to liquidate his position. He didn't expect that every time the stock price plummeted, he would be pulled up again.

  ··

  At this time, Ping An Fund’s Hao Yumao watched the stock price rise again and shouted, "Give me a big sell!"

  "Yes!" Everyone executes the order!

  6 million shares!

  6 million shares!

  ··

   Soon the stock price fell sharply!

   fell from 0.90 yuan per share to 0.60 yuan per share!

  Li Siquan and others were dumbfounded again, and couldn't stabilize it at all.

  The fund doesn’t have a lot of funds. After a few more visits, the bullets will be over.

   So he shouted: "Slowly!"

  He wanted to see where the stock price fell!

  The lower the stock price, the lower the cost of pulling up.

  ··

  Wang Guanxi was extremely happy.

  He stared at the screen of the mobile phone closely, hoping that the share price of Hengda Automobile Group would continue to fall, preferably below 0.50 yuan.

  Although he knows that the stock price will fall to 0.10 yuan per share in the future, that is something after half a year. He just wants to make quick money.

  Once the stock price fell below 0.50 yuan per share, he closed his position.

  (End of this chapter)