Back to 1990

Chapter 569: Repurchase

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Everyone in the exchange was shocked when they heard this, and hurriedly called up the information of Chen's Capital to look at them. When they saw the last sky moat drawn on the trend chart, they all took a breath.

Which institution suddenly sold this?

This is too cruel, right?

Mr. Chen was still bragging to one of the shareholders of the board of directors, when he suddenly heard an exclamation from the other end of the phone, how could it be possible?

The sound was like a ghost.

"Mr. Zheng, what's wrong? What happened?"

"Chen Shufeng, didn't you say that it was handled very well? Didn't it mean that the stock had stabilized and there were no problems at all?" Mr. Zheng on the phone was yelling and questioning.

Mr. Chen was taken aback for a moment, and said, "There is really no problem."

"No problem? At the last minute of the closing, some institutions dumped a lot of stocks, plummeting 10%!"

"what?"

Mr. Chen almost didn't get it up. She talked with the CEOs of several major financial companies that hold shares of Chen Capital last night and told them very sincerely that there was no problem with the company’s operations, and last year, regardless of whether it was profit or growth rate. very good.

How could someone sell the shares of Chen Capital?

After Mr. Chen hung up the phone, he called the exchange again. When he learned that it had fallen by 10%, he stood there, and after slowing down, he asked: "Which institution has sold such a large amount of money? stock?"

"Sorry, we can't provide you with such a service."

"I am the chairman of Chen Capital, now I ask you to show the details of the transaction!" Mr. Chen scolded into the phone.

"I am here for the transaction consultation telephone. For more information, please go to the special line for consultation." The other party finished speaking and hung up the phone.

Mr. Chen hurriedly called the dedicated line, and it took a long time to realize that it was not an institution at all, but a dozen retail accounts were sold at the same time.

Someone opened more accounts in private to engage her!

The office door was knocked, and Mr. Chen put down the phone and said, "Come in."

A vice president walked in and said in a panic: "Mr. Chen, our stocks suddenly plummeted when the market closed at noon. We were afraid that it would cause panic when the market opened in the afternoon. Do we want to buy back?"

"Wait a minute, I am going to hold a press conference to explain the situation to the outside world, so as to appease financial companies and retail investors." President Chen ordered.

"Okay, I'll make arrangements. Do you want to eat?"

"Don't eat!" Mr. Chen wanted to eat, picked up the phone and started making calls. She had to make sure that the financial companies would not run away.

If the big dealer ran away, Chen Capital’s stock would really lose its support point. According to the Hong Kong stocks’ regulations, a 5% shareholding was held, and then an announcement was required for every 5% increase. Thirty percent will face two choices.

One is that companies issue additional tradable stocks. If they do not issue additional stocks, they must start acquisitions. Holders need to buy all tradable stocks at the highest price. If they hold more than 70% of the stocks, they must start a thorough acquisition model.

This model is to protect listed companies from being manipulated by others, but opening more accounts makes this situation easy to avoid.

Moreover, the threshold for the board of directors of Chen Capital is very low, only 7%. If the shareholding exceeds 7%, it will automatically be included in the board of directors. The board has the same rights with the same shares and has the right to vote.

To enter the board of directors is to enter the room. At that time, when the board of directors is held, there will be a chance to squeeze out President Chen. There are too many cases of many shareholders bullying the minority shareholders. The dividend conditions are changed, the game rules of the board of directors are changed, and only one hundred shares are left. Ten per cent of the founders are just like a play.

This is what Mr. Chen is worried about now!

Mr. Chen made several calls in a row, and the mood of all parties was stable. Basically, the face that should be given would be given. Mr. Chen also promised that if the stock dives, they will also invest in repurchase to stabilize the stock price. .

After making a phone call, Mr. Chen wanted to talk to Lu Feng again. He first contacted several media that Lu Feng was interviewing, and learned from the media where he lives now, and then connected to Lu Feng's room phone through the hotel reception.

"Which one?" Lu Feng was lying halfway on the balcony, his whole person looking particularly comfortable, he answered the phone and asked.

"It's me, Chairman Chen Capital!!" There was a chill in Mr. Chen's voice, as if the head on the phone at the moment was a tigress trying to eat people.

"Mr. Chen, you are really supernatural. You can find my phone in any hotel I change." Lu Feng smiled and said, "All the people in Xiangjiang laughed at me before the opening today, saying that I am a poor-hearted snake swallowing elephant. When I was interviewed by the media in the morning, those people made a mockery of me, and now they are all fried."

"When did you buy the shares of Chen Capital? How many more?" Mr. Chen asked straightforwardly: "You want to play with me, right? Isn't it just burning money, compared with me? What do you compare with me? "

"Mr. Chen, you can't say so crazy. You are in finance. How much of the money you spin in your hands is your own? It's just that I'm holding other people's money and pretending to be big money here. I'm doing business. Lu Feng said in no hurry, "Let's ride a donkey and read the songbook, and wait and see."

Mr. Chen took a deep breath. Deep down, she told herself to be calm, and said: "Lu Feng, we haven't met each other, let alone any deep hatred, right?"

"Yes!"

"The biggest contradiction between us is Su Yourong. Do you like this woman? Okay, I can give her to you." President Chen decided to throw Su Yourong away first.

"What do I want that stuff for?" Lu Feng rolled his eyes, and Su Yourong gave it to himself? Don't give it for nothing.

"Then what do you want? We don't have any intersection in other respects. Or, someone gave you sweetness and asked you to charge for him. What conditions does he give you? I can give you higher conditions. In Xiangjiang this place , Can be more ruthless than me, there are not many other than foreign investment." Mr. Chen said that he was extremely confident.

Lu Feng could hear that Chen always wanted to make big things smaller and smaller ones. It seemed that this time she really hit her sore spot.

"Mr. Chen, don't always use your thinking to think of others. I am a person. I have always been open and open. I will tell you. Now I am getting you because you previously blocked me when I was financing." Lu Feng snorted: "I am a person, I must report to you."

After Lu Feng hung up the phone, President Chen sat there with a gloomy expression, and the vice president opened the door and walked in, saying, "The media has come."

President Chen stood up and walked outside. When he arrived in the meeting room, a large group of reporters had already set up their guns.

"Mr. Chen, what is your opinion on the massive sell-off of Chen Capital's stock at the last minute of the market closing?"

"When will our financial report last year be released?"

"Does the sudden plunge have something to do with Lu Feng, the richest man in mainland China? Does Chen Capital currently have a plan to repurchase shares?"

Faced with machine gun-like questions, President Chen stood in front of the camera sinking like water, and said: "At this time of noon, I called all friends from the TV media to come over. In fact, I want to announce something to the outside world."

"First of all, someone maliciously sold the shares of Chen Capital. In the previous few days, through smearing, spreading rumors, advocacy, etc., forcing institutions and retail investors to sell the shares of Chen Capital, it reached some ulterior motives. Human purpose."

"But judging from the opening situation this morning, the market is very optimistic about Chen Capital. These despicable methods cannot affect the normal business operation of Chen Capital. As for the last-minute plunge at the close, the stock market is like this. Out and buy in."

"In order to prevent the stock from being held by a large number of people and manipulate the company, we will repurchase when the stock price is too low. The final flash crash can be understood as a normal stock market transaction or a technical adjustment."

"Okay, thank you everyone!"

After talking, Mr. Chen turned his head and left without the slightest nostalgia. There were a lot of questions behind him, but he was blocked by others.

As some media reported to the outside world, the financial industry was completely blown up, and President Chen personally stood up and shouted, which in itself represented a signal.

That is, Chen Capital really felt the danger. The more she said there was no problem, the more it explained that the problem was serious.

At 2:30 in the afternoon, the market opened again, and everyone in the trading floor was staring at Chen Capital's stock. Many professional traders were staring at the stock, and when the limelight was wrong, it immediately sold it.

"Fell again!!!"

Chen Capital’s stock has caused panic among retail investors and was sold by a large number of retail investors again. The opening fell by two points and continued to fall!

At 3 o'clock in the afternoon, UU Reading www.uukānshu.com Chen Capital has fallen 23% since the opening of the market in the morning.

This kind of decline, let alone retail investors, many financial companies are almost unable to handle it, and want to cut their flesh and leave the market.

Mr. Chen urgently communicated with the members of the board of directors on the phone and decided to buy back some of the stocks to stretch the value of the stocks, so as not to have a fall of more than 50% in a day, and let Lu Feng take advantage of it.

At 3:30 in the afternoon, the host’s excited voice came from the radio, shouting: "Buy, Chen Capital has ended. We saw Chen Capital initiate a repurchase, buying two million shares in a single purchase, The stock has risen. As for how long it can last, the fifty yuan mark has been broken. Whether it can defend the forty yuan mark is unclear."

Feng Zhiyao listened to the radio. He hadn't been out of the hotel for a whole day, lying on the sofa halfway, and said a little bored: "Chen Capital's stock will not collapse in a short time."

"I don't want it to collapse." Lu Feng sat up and said, "I want it to rise up, wait. The next week will be the most exciting moment. I want you to see, the founder of a company. , How did you lose control of your business step by step."

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