Rebirth of the Capital Legend

Layout before Chapter 232!

Qin Song was thinking that this was to stabilize the company's stock price, enhance investor confidence, and maintain the company's market value.

He instructed the group's securities department and the company's secretary to appropriately disclose some project development plans and future development plans to the market. At the same time, he also made it clear that the company's current operations are normal and there is no negative information that should be disclosed but has not been disclosed.

Explanation in the announcement of 'Jingcheng Holdings' Group.

The investors who held Jingcheng Holdings shares during the trading session and suffered terrible losses finally relaxed their tense nerves.

"It seems that there are opponents who are maliciously shorting the stock price. Next week... after the New Year's Day holiday, the market should recover."

Seeing the announcement released by Jingcheng Holdings, Zhang Yanjun, investment manager of Hongyuan Capital, said.

Trader Shi Jindong stared at the company's heavy holdings of hundreds of millions of chips in the stock of 'Jingcheng Holdings' and responded: "I hope it can be repaired after the holiday, otherwise...if it falls further, we will have to passively stop losses."

"Based on the company's fundamentals, this enterprise is still worth investing in." Zhang Yanbing said, "In order to successfully list on the A-share market, Chairman Qin of Jingcheng Holdings is still very concerned about the stock price and the company's market value. He will also make achievements in business expansion. So... as long as the company's internal operations are normal, we can completely ignore or pay less attention to some negative rumors in the market news. We just need to hold on to our chips and wait for the flowers to bloom."

Shi Jindong pondered for a while and said, "But I always feel that the drop in the share price of Jingcheng Holdings today is a bit abnormal. The short-selling funds... Although we don't know which institution is behind it, the operation method and trading method are too extreme."

"Shorting stock prices, is there anything that is not extreme?" Zhang Yanbing said with a smile.

"Except for the announcement released by Jingcheng Holdings itself, there is really no news in the market at the moment!" Shi Jindong carefully browsed through the latest financial information in the market, as well as the relevant discussion information about the stock of Jingcheng Holdings and this company, and found that everyone was confused about the stock's sharp drop in the day, so he couldn't help but think, "Did I really overreact?"

He intuitively felt that there was something seriously wrong with the stock trend of Jingcheng Holdings today.

But he thought about it and investigated carefully.

But I have no idea where the problem lies.
Just as the two were discussing the intraday trend of the stock "Jingcheng Holdings", and were extremely puzzled by the unprovoked plunge of the stock "Jingcheng Holdings".

Su Yi looked at the short positions of more than 2100 million in his Hong Kong stock trading account.

But he frowned slightly.

According to his original plan, he was going to short sell 5000 million chips directly.

Unfortunately, the liquidity of the Hong Kong stock market is very limited. Even though the market value of Jingcheng Holdings is over 10 billion, which can be regarded as a mid-cap stock, the average daily trading volume is less than 100 million. He wanted to short sell so many chips, but there was no counterparty at all for a while.

"Brother Su... have you already taken action?"

Hearing that the stock of 'Jingcheng Holdings' had plummeted by more than 10% during the day and a serious abnormal movement had occurred, Lei Kaishan immediately thought of Su Yi and called him urgently to ask.

Su Yi responded with a smile: "Xiao Xiao sold out a little bit of chips."

"Your little fuss about short selling is too loud." Lei Kaishan said with a smile, "But, such a big fuss... I like it."

"The ultimate goal of short selling is to buy at a low price." Su Yi said, "Use potential negative news and stock price trends to stimulate emotions and attract more attention. Then, after you release the negative news and emotions are brewing, there will be more concentrated selling.

Only when a concentrated amount of selling emerges will I be able to buy enough chips.

Otherwise, given the liquidity of the stock market of 'Jingcheng Holdings' in the Hong Kong stock market, it would be difficult to buy chips worth hundreds of millions of dollars."

"Yes, I understand." Lei Kaishan said, "I don't understand the secondary market transactions. In this regard, it all depends on Brother Su."

After saying that, Lei Kaishan continued to chat for a few more words and then hung up the phone.

Afterwards, Su Yi turned off his computer and was about to leave the office to go home. At this time, his assistant Lin Xiaoxiao suddenly reported: "Boss Su, Boss Qin from Jingcheng Holdings just called and wanted to invite you to dinner. What do you think..."

"Mr. Qin from Jingcheng Holdings?" Su Yi was stunned and asked, "Which Mr. Qin?"

"It seems to be Mr. Qin Renzhao from Jingcheng Real Estate." Lin Xiaoxiao responded.

Su Yi originally thought it was Qin Song, but he didn't expect it to be the eldest son of the Qin family who was in charge of the real estate business. He thought for a moment and said, "Just say that I have plans tonight."

"Okay." Lin Xiaoxiao nodded and then left the office.

She didn't ask any reasons, because it was not something she should know. Besides... in her opinion, with Su Yi's current wealth and social status, it was okay to meet him or not.

After all, it's a matter of interest.

The Jingcheng Holdings Group does not have any deep vested interests with their company.

After Lin Xiaoxiao left the office, Su Yi thought carefully about the reason why the other party suddenly asked him to meet, but he did not figure out the other party's motives.

Of course, no matter what the other party's motives are.

For now, it won't affect him at all.

After realizing this, he didn't pursue the matter any further. He left the office and drove directly back home.

After returning home and having dinner, Su Yi thought about the New Year's Day holiday and that he didn't have anything to do at work, so he asked Lin Xiaoxiao to help him make a travel guide to the surrounding cities. He planned to take his mother and Chu Wan for a walk and feel the holiday atmosphere.

Then, the next few days.

He temporarily left the Magic City with his mother and Chu Wan and traveled around.

Then, wait until he returns to the Magic City again.

However, Lei Kaishan had already disclosed all kinds of negative information about Qin Song of Jingcheng Holdings Group, and the other party had anonymously reported that Qin Song had molested and even seriously harmed underage girls, which directly led to the police's investigation and triggered public opinion in the entire business community of Shanghai during the holiday.

Su Yi browsed various related discussion topics online and looked at the countless netizens who were outraged.

I knew Qin Song was probably finished.

Even if the other party has a strong foundation, he can find a way to avoid imprisonment.

But his personal credibility and the image of a great philanthropist that he had painstakingly built up over the years should have completely collapsed.

Moreover, the internal corporate crisis caused by this will also follow.

It can be predicted that due to his personal problems, the company's board of directors will definitely be reorganized and the power structure within the group will also be reshuffled.

"I never thought Chairman Qin would be such a person." Amid the endless discussion, Sun Hongzhi, the project manager of Jingcheng Holdings, said angrily at the Shanghai branch of Huaxin Securities, the sponsor of Jingcheng Holdings' listing on the A-share market: "If he gets into trouble, the entire listing plan will most likely be ruined."

"Are there any remedial measures?" asked Zhou Tongjiang, manager of listing sponsorship business.

Sun Hongzhi couldn't help scratching his head, feeling a headache, and said, "I'll think of a way. If it doesn't work, we can only give up this project and seek a timely withdrawal. Chairman Qin is really something. I told him before that during the listing review period, there must be no problems. Damn... just because of his special hobby, the loss this time is at least calculated in billions."

Throughout the underwriting business.

Their institution also took up a large number of additional shares.

Now, with Qin Song's accident, all the newly issued shares in their hands will be lost if the company fails to successfully list on the A-share market, and it will be difficult to find buyers even if they sell them at a discount.

Same, same with them.

Several other investment institutions involved in the share issuance and listing plan of Jingcheng Holdings.

At this moment, everyone was cursing in their hearts.

Even Gong Dejian, the helmsman of Shenyang Capital, who has always had a bad temper, cursed Qin Song's ancestors for eighteen generations after hearing the news, as he watched the tens of millions of shares of Jingcheng Holdings in his hands were issued.

The so-called friendship in the business world.

When nothing goes wrong and everyone is making a profit, everyone is naturally smiling and thinking, "You are fine, I am fine, and everyone is fine."

But once something big happens and actual interests are actually damaged, especially if the other party suffers huge losses, it would be like "cutting off someone's financial resources is like killing their parents."

In addition to the major investment institutions that were furious.

There are also many small and medium-sized investor groups who invest in the secondary market stocks of 'Jingcheng Holdings'.

At this moment, even Qin Song’s two sons, Qin Renzhao and Qin Feng, looked at their father who was caught in the whirlpool of public opinion, as well as the various evidences presented by the whistleblower and the police. For a moment, they felt that their three views were shattered and they could not believe it.

It was hard for them to imagine that their father, who was usually kind and amiable, had such a dark side.

And it's even more difficult to imagine.

My father, who had always been shrewd and well-planned, ended up in such a mess.

"Brother, this is a frame-up, right?" Qin Feng stared at the silent Qin Renzhao and asked.

Qin Renzhao did not speak for a long time in response to Qin Feng's question. He was silent for a long time before he replied, "Whether it was a frame-up or not, this was deliberately done by someone and was planned long ago. And since he knew so many details about my father, the person who stabbed him in the back could only be a friend who was very familiar with my father."

"Brother, who do you think is planning all this?" Qin Feng asked.

Qin Renzhao said, "It's easy to guess who this person is. It's Lei Kaishan. My father wanted me to manage the company's real estate business and divide the people Lei Kaishan has been managing within the group for many years, so that he won't become too powerful in the end. I didn't expect... this person would do something desperate."

"Lei Kaishan..." Qin Feng said in shock, "I didn't expect it to be him. Does Big Brother have any way to deal with him?"

Qin Renzhao gritted his teeth and said, "I'll find a way. This man used such a vicious scheme against my father and even ruined the group's listing plan. I guess this is just the first step. There will be more storms in the future. Xiaofeng... Please take care of the family affairs recently. I will meet with several shareholders of the group immediately to discuss this matter. No matter what, we must keep everyone stable at this time."

After saying that, Qin Renzhao walked out.

Unfortunately, his action was too late. At this time, the shareholders of Jingcheng Holdings Group.

Anyone who could be won over would have been invited by Lei Kaishan long ago.

As the power struggle within the Jingcheng Holdings Group intensified, both sides wanted to kill each other.

However, Su Yi was still quite leisurely acting as a "spectator" on the Internet, watching this drama with countless netizens, but it was different from everyone's real spectatorship.

Although he is not the core character of the play, he is also a crucial part of the play.

Moreover, he can also make a lot of profits and benefits in this process.

Along with the disputes in the 'Jingcheng Holdings' Group, and the scandal of the head of the billion-dollar group that made headlines in the holiday business world and refreshed everyone's worldview continues to ferment.

On January 1, when the New Year's Day holiday ended, the market reopened.

The share price of Jingcheng Holdings, which was caught in a whirlpool of public opinion and negative news, plummeted by more than 20% just after the opening, setting a new low for the year. Investors from all sides rushed to sell, and selling orders emerged in an endless stream.

After the continued fermentation of panic.

Across the entire market, there was no need for Su Yi to deliberately short sell to suppress the stock price, as the stock price had already collapsed.

Su Yi saw that the share price of Jingcheng Holdings was fully responding to the negative news, and the selling volume was also being hit out under the extreme negative pressure.

Know that the time to enter has come.

So, he started to buy up stocks madly and bought up shares of "Jingcheng Holdings".

Firstly, to cover the naked short position before the holiday, and secondly, to increase the holdings of "Jingcheng Holdings" secondary market stocks at a low price to fulfill the previous promise to Lei Kaishan.

And when he was buying a large number of "Jingcheng Holdings" stocks and covering his naked short position.

The A-share market is related to the Hong Kong stock market.

In the absence of clear negative news, the market showed a rapid and drastic decline after opening.

The Shanghai Composite Index, Shenzhen Composite Index and ChiNext Index all fell sharply. In just ten minutes after opening, they broke through all pre-holiday support levels and began to plummet.

And at a time when indexes have plummeted.

A number of core themes in the two cities, such as "big infrastructure", "big finance", "new energy industry chain", "real estate industry chain", "big consumption" and other main-line related sectors, and their corresponding core weight stocks and hot stocks, have also shown a rapid and sharp decline in volume.

"Fuck, this is crazy, absolutely crazy, right?"

Noticing the overall market crash, Li Shangfeng, the trading team leader of the Blue Chip Hybrid Select Fund Product Trading Department of Nuoan Capital, the company's core fund product, became nervous and couldn't help but complain: "Damn... the bad news about Jingcheng Holdings, shouldn't it affect the Hong Kong stock market's real estate sector? Can this also spread to A-shares?"

(End of this chapter)