Return To 1990
Chapter 569 Repurchase
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Everyone in the exchange was shocked when they heard this, and hurriedly called out the information of Chen's Capital to see it. When they saw the last line on the trend chart, they all gasped.
Which institution suddenly sold this?
Is this too harsh?
Mr. Chen was still bragging to one of the shareholders of the board of directors, when he suddenly heard a scream from the other end of the phone, shouting how could it be possible?
The voice was like seeing a ghost.
"Mr. Zheng, what's wrong? What happened?"
"Chen Shufeng, didn't you say it was handled well? Didn't you mean that the stock has stabilized and there is no problem at all?" Mr. Zheng on the other end of the phone was roaring and questioning.
President Chen was slightly taken aback and said, "It's really no problem."
"No problem? In the last minute of the close, some institutions sold stocks in large quantities, plummeting by 10%!"
"what?"
Mr. Chen almost didn't take a breath. She had a phone call with the bosses of several major financial companies that held shares of Chen's Capital last night, and told them very sincerely that there was no problem with the company's operation, and last year, whether it was profit or growth rate, there was no problem. very good.
How could someone sell Chen Capital's stock?
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 asked, "Which institution sold such a large amount of money? stock?"
"Sorry, we can't provide you with such a service."
"I am the chairman of Chen's Capital, and now I ask you to show the transaction details!" President Chen scolded the phone.
"I am here on the transaction consultation call. For more information, please go to the dedicated line for consultation." The other party hung up the phone.
Mr. Chen hurriedly called the special 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 fuck her!
There was a knock on the office door, Mr. Chen put down the phone and said, "Come in."
A vice president came in,
Slightly panicked: "Mr. Chen, our stock suddenly plummeted at the close of noon, and we are afraid that it will cause panic when the market opens in the afternoon. Should we buy it back?"
"Wait a little longer, prepare to hold a press conference, explain the situation to the outside world, and appease financial companies and retail investors." President Chen ordered.
"Okay, I'll make arrangements, do you want to eat?"
"Don't eat!" Mr. Chen didn't want to eat, so she picked up the phone and started making calls. She had to make sure that those financial companies wouldn't run away.
If the big dealer runs away, Chen’s capital’s stock will really lose its support. According to the regulations of Hong Kong stocks, holding 5% of the shares will raise the placard, and then an announcement needs to be issued for every 5% progressively. Thirty percent, you are faced with two choices.
One is that the company issues additional tradable stocks. If it does not issue additional stocks, it will start an acquisition. The holder needs to buy all the circulating stocks at the highest price. If they hold more than 70% of the stocks, they must start a complete acquisition mode.
This model is to protect listed companies from being manipulated, but opening more accounts makes it easy to avoid such a situation.
Moreover, the threshold for the board of directors of Chen's Capital is very low, only 7%. If you hold more than 7% of the shares, you will be automatically included in the board of directors. The same shares have the same rights and have the right to vote on the board of directors.
To enter the board of directors is to enter the room. When the board of directors is held, there will be an opportunity to squeeze Mr. Chen out. There are too many things that many shareholders have partnered to bully small shareholders. Change the dividend conditions, change the rules of the board game, and squeeze out a shareholding. 10 out of 10 founders are like playing.
This is what President Chen is worried about now!
Mr. Chen made several calls in a row, and the emotions of all parties were considered stable. Basically, they would give the face they should give. Moreover, Mr. Chen also promised that if the stock plunged, they would also invest in repurchases to stabilize the stock price. .
After making a phone call, Mr. Chen wanted to chat with Lu Feng again. First, he contacted several media that Lu Feng was interviewed with, and found out where he lives now through the media, and then connected to Lu Feng's room phone through the hotel front desk.
"Which one is it?" Lu Feng was lying on the balcony, looking very comfortable, he picked up the phone and asked.
"It's me, Chairman of Chen's Capital!!" There was a chill in Mr. Chen's voice, as if the avatar on the phone was a tigress that wanted to eat people.
"Mr. Chen, you are really powerful. You can find my phone number in any hotel I change to." Lu Feng said with a smile, "Before the market opened today, all the people in Xiangjiang laughed at me, saying that I am not good enough. When I was interviewed by the media in the morning, those people were ridiculing me, and now they are all fried."
"When did you buy Chen Capital's stock? How much do you have?" President Chen asked straight to the point: "You want to play with me, right? Isn't it just to burn money, compare with me? What do you compare with me? "
"Mr. Chen, you can't be so mad. You are in finance. How much of the money you turn is yours? It's just that you are using other people's money to pretend to be a big money. I'm in the industry. "Lu Feng said without rushing, "Let's read the songbook on a donkey and see."
President Chen took a deep breath. She told herself to calm down deep in her heart, and said, "Lu Feng, we haven't met before, let alone any deep hatred, right?"
"That's right!"
"The biggest contradiction between us is Su Yourong, do you like this woman? Well, I can give her to you." President Chen decided to throw Su Yourong first.
"What do I want that thing for?" Lu Feng rolled his eyes, Su Yourong gave it to him? Don't give it for nothing.
"Then what do you want? We don't have any intersection in other areas. Or, someone gave you sweetness and asked you to charge for him. What conditions did he give you, I can give you higher conditions, in this place in Xiangjiang , can be more ruthless than me, except for foreign capital, there are few." Mr. Chen's words were extraordinarily confident.
Lu Feng could hear that Chen always wanted to make big things small and small things into small ones. It seemed that this time she really hit her sore spot.
"Mr. Chen, don't always use your thinking to think of others. As for me, I have always been open and honest in my work. I'll tell you. I'm messing with you now because you blocked me when I was raising money." Lu Feng hummed in a low voice, "I am a person, and I will definitely report it."
After Lu Feng finished speaking, he hung up the phone. President Chen sat there with a gloomy expression. The vice president pushed open the door and walked in, saying, "The media has come."
Mr. Chen stood up and walked out. When he arrived in the living room, a large group of reporters were already standing up with long guns and short guns.
"Mr. Chen, what's your opinion on Chen's capital's massive sell-off at the last minute?"
"When will our last year's financial report be released to the public?"
"Is the sudden plunge related to Lu Feng, the richest man in mainland China, does Chen Capital currently have a plan to buy back shares?"
In the face of machine-gun-like questions, Mr. Chen stood in front of the camera and said, "At noon, I called my friends from the TV media, in fact, I wanted to announce something to the public."
"First of all, some people maliciously sold the shares of Chen's Capital. In the past few days, they forced institutions and retail investors to sell the stocks of Chen's Capital by smearing, spreading rumors, and advocating. purpose of man."
"But judging from the opening of the market this morning, the market is very optimistic about Chen's capital. These despicable methods cannot affect the normal operation of Chen's capital. As for the last-minute plunge at the close, in fact, the stock market is like this. out, focus on buying.”
"In order to prevent the stock from being held in large quantities and manipulate the company, we will repurchase when the stock price is too low. For the final flash crash, it can be understood as the normal trading of the stock market, or a technical adjustment."
"Okay, thank you everyone!"
After Mr. Chen finished speaking, he turned his head and left, without the slightest nostalgia. A lot of people behind him wanted to ask a few more questions, but they were also blocked.
With some media reports, the financial industry was completely blown up, and President Chen personally stood up to speak out, which itself represented a signal.
That is, Chen's Capital really felt the danger. The more she said there was no problem, the more serious the problem was.
At 2:30 in the afternoon, the market opened again. Everyone in the trading floor was staring at Chen Capital's stock. Many professional traders were staring at this stock. If there was something wrong with the limelight, they immediately sold it.
"Fall again!!!"
The stock of Chen's Capital has caused panic among retail investors, and was once again sold by a large number of retail investors. It fell two points at the opening and continued to decline!
At three o'clock in the afternoon, Chen's Capital had fallen by 23% since the market opened in the morning.
This kind of decline, not to mention retail investors, many financial companies are almost unable to bear it, and want to cut their meat 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 stock to stretch the value of the stock, so as to avoid such a thing as a drop of more than 50% in one day, which would allow Lu Feng to take advantage of the situation.
At 3:30 p.m., the host's excited voice came from the radio station, calling: "Buy it, Chen's capital is gone, we saw Chen's capital start a repurchase, buying two million shares at a time, will The stock has risen, and as for how long it can last, the fifty-yuan mark has been broken, and whether it can defend the forty-yuan mark is unknown."
Feng Zhiyao listened to the radio. He didn't leave the hotel for a whole day. He was half lying on the sofa, and said a little bored: "The stock of Chen's Capital 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, just wait, the next week will be the most exciting time, I want you to see, the founder of a company , how did he lose control of his own business step by step."
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