Rebirth of the Financial Crisis Sweeping the World

  Chapter 71 71 Purchase of 1.34 million Penguin Group shares

  The next day, April 16, Wednesday, classes will end at noon.

  Wang Guanxi turned on the phone and took a look.

  [The Hang Seng Index plummeted by more than 950 points, real estate stocks were affected by the flu and plummeted across the board, blue chip stocks almost dived across the board]

  [China Shipping Container Lines stock price dives into a major shareholder's capital injection of 3 billion to protect the market]

  Penguin Group’s share price also fell to 34 yuan per share, which is close to 32 yuan per share.

  At present, the market has closed in the morning, and Wang Guanxi intends to buy the stock of Penguin Group at the opening of the afternoon.

  At this time, Wang Guanxi's phone rang, and it was the takeaway who called, and he ordered an exquisite lunch.

   Then he quickly left the classroom.

   Soon he took two lunches to the canteen, put them on the table, and waited for Shu Jinghan to come over.

  Du Zhilin, who likes Shu Jinghan, was just beside him. Seeing Wang Guanxi took two lunches, he felt a little uneasy. Could it be that he had lunch with Shu Jinghan?

  Seeing Wang Guanxi carrying Shu Jinghan to school yesterday, he was very disappointed. After thinking about it, he came out again.

  He thinks it is impossible for an excellent student like Shu Jinghan to fall in love early.

  Especially Wang Guanxi's grades are very average, Shu Jinghan is among the top three in the school, often first, how could she like poor students!

  Wang Guanxi, who has mediocre grades, is with the first place in the school, don’t you feel inferior?

  He thought for a long time last night before he came to understand.

   But now that Wang Guanxi is here with two lunches, he seems to be waiting for someone, which makes him feel a little uneasy. Isn’t he waiting for Shu Jinghan?

   So he couldn't help asking: "Student Wang is also waiting for someone?"

  Wang Guanxi nodded: "Yes, classmate Du, are you waiting for someone too?"

   "Well, wait for a friend to eat together" Du Zhilin smiled and said, "I'm waiting for Tian Yudong, how about you?"

  Wang Guanxi smiled and said, "Shu Jinghan"

  Du Zhilin suddenly regretted asking this question.

  "Shu, why aren’t you here yet?"

   "It's almost too late."

  Wang Guanxi said lightly: "Give her another five minutes."

   "Oh" Du Zhilin said nothing.

  It feels like Wang Guanxi is waiting for Shu Jinghan here, maybe Shu Jinghan can't come.

  At this time, his friend Tian Yudong came, took two lunches, and put them on the table with a face of loss.

   "What's wrong with you? What about Bi Fangling?"

   "Why didn't I come with you"

  Du Zhilin asked.

   "She said she bought the takeaway" Tian Yudong showed sadness.

  In class 2A, Shu Jinghan checked the time on the wall, so she closed the book and left the classroom, but her friend Bi Fangling followed.

  "Jinghan, wait for me"

  Shu Jinghan stopped and asked: "Fangfang, don't you go to have lunch with Tian Yudong?"

  She is going to have lunch with Wang Guanxi, and we made an appointment at school today.

  Bi Fangling shook her head: "I don't want to go anymore"

   "Let's go, let's go eat"

   "I have an appointment with Wang Guanxi for a good lunch" Shu Jinghan whispered.

  Bi Fangling blinked: "Jinghan, you don't want me anymore?"

   "Of course I want, let's go together"

  The two quickly came to the canteen. After seeing Wang Guanxi, Shu Jinghan and Bi Fangling hurried over, but Du Zhilin and Tian Yudong were both there.

  Bi Fangling was very embarrassed. She lied to Tian Yudong that she had ordered a takeout, so she quickly said: "I have already eaten, come to lunch with Jinghan"

  Wang Guanxi smiled and said, "Student Bi, want to eat more?"

  "Thank you, you are not hungry" Bi Fangling said quickly.

   Then Wang Guanxi and Shu Jinghan started to have lunch, and Shu Jinghan gave Wang Guanxi the chicken drumsticks.

  Bi Fangling lamented: "I want to eat chicken drumsticks too, classmate Shu."

  Du Zhilin and Tian Yudong are not happy.

  At this moment, a fund company in Mainland China, Caitong Capital.

  Qiao Quanshan, general manager, has a sad face, and the company is short of cash.

  An assistant suggested: “General Manager, the trading volume of Penguin Group’s stock is large. Let’s cash out Penguin Group’s stock to supplement the company’s cash liquidity.”

  "Ping An Fund requested to redeem 800 million Hong Kong dollars in cash. Time is the day after tomorrow. At present, we still lack 600 million in cash."

   "Moreover, there are investors who intend to redeem their investments"

This Ping An Fund lost 700 million Euros due to its investment in the Fortis Group. It is very short of cash. To redeem it, Caitong Capital is investing, and Caitong Capital is also short of cash. Now there are other investors who are also planning to redeem their investments. , That's really bad, they have to sell their assets.

  "Okay, just cash out the Penguin Group's stock. You can buy it back in the future." Qiao Quanshan is very optimistic about Penguin Group and doesn't want to cash out its stock, but now the company's cash is in short supply and it is in urgent need of cash.

  The one that can quickly cash out is undoubtedly Penguin Group, a stock with a large trading volume.

   "In the afternoon, just sell it"

   "Yes, general manager"

  In fact, they not only cashed out the stocks of the Penguin Group, but also the stocks of several listed companies at the same time.

  ··

  Have lunch and had a class. Wang Guanxi opened Wang Guanxi and opened the stock chart and saw that Penguin Group's stock price finally fell to 33.00 yuan per share.

  There are many offers on the market.

   is about to fall to 33.00 Hong Kong dollars per share, but Wang Guanxi will not be so stupid that it will fall to 32.00 yuan per share and then buy the bottom. Instead, he will buy the bottom now.

  Because he does not buy bottoms, there must be other institutions who are doing bottom hunting, so he has to make an early move so that he can grab more stocks at a low position.

  But just when he was about to buy, a big buy order appeared.

   directly pulled the stock price from 33.00 yuan per share to 34.00 yuan per share.

   Damn it!

  Some institutions are already hunting the bottom.

  But Wang Guanxi is sure that the stock price will definitely fall to 32.00 yuan per share.

  So there are also financial institutions selling Penguin Group’s stock.

  Now that the subprime mortgage crisis has broken out, many institutions are short of liquidity, and Penguin Group’s stock trading volume is so large that it is very convenient to cash in cash.

  So many financial institutions are selling stocks.

  Think about Wang Guanxi's pending order!

  A buy order for 1.34 million shares was placed at the position of 32.00 yuan per share.

  As long as Penguin Group’s stock drops to the 32.00 position, it will trigger.

  But this wait is only half an hour. When Penguin Group's stock price rushed to the 34.50 position, it was sold off by a large order.

  The stock price dropped sharply, falling to 32.00 yuan per share within a few minutes, and the pending order set by Wang Guanxi was triggered in an instant.

  All the 1.34 million shares were traded.

  The transaction price is at 32.00.

  The largest shareholder of Penguin Group, MIHTCHoldingsLimited, is a subsidiary of NaspersLimited (a multinational media group), and the big boss behind the multinational media group is John Chris Morgan.

  In the company’s securities investment department, a young fair-skinned blond man planned to increase his holdings of the Penguin Group’s stock, but he did not expect someone to take the lead.

  But the president told them to absorb 500 million worth of stocks.

  He thinks that 32.00 yuan per share is almost the same and it is time to buy.

  So he started buying large sums.

  Soon Penguin Group’s share price rose.

  In addition, many financial institutions are also hunting bottoms, and Penguin Group's stock price has risen all the way to the close.

  (End of this chapter)