Hong Kong Film: Jimmy? Please call me Councillor Li

Chapter 338 The Li Family's Counterattack
On their way to the company to take charge, Li Acheng and his son Li Ju managed to buy a magazine.

The result was something unexpected.

A newspaper, the contents of which shocked the Li family father and son.

[Trending Search]

Li Kai, the heir to the Cheung Kong Group, was kidnapped by robbers outside his clubhouse. The robbers demanded a ransom of 5 billion yuan from the Li family. Two of his bodyguards were killed, and Li Kai's whereabouts remain unknown.

Then below is a bunch of photos from the scene. Yes, that's right, photos from the scene. Even the footage of Li Kai being taken away is clearly visible, showing his face directly.

Then there were many photos of the police investigating at the scene. The photos of the police were available, and the gunfight was something that couldn't be suppressed. So when this news came out, major media outlets rushed to report it.

Some media outlets even embellished the story, fabricating a ransom demand of 5 billion without knowing the kidnappers' actual demand.

That's a bit exaggerated. If Li Acheng were to ask for a ransom of 5 billion, it's hard to say whether he would call the police.

That's five billion, not one billion.

"How could this happen? I clearly suppressed this matter, so why do these media outlets have photos? Go to the company right now."

The first thing Li Acheng thought of when he saw the photo wasn't his son, who might be killed, but his own company.

Now that this news has spread, it's unclear what kind of impact it will have on the stock market.

When Li Acheng arrived at the company, Hou Ming, the head of the company's investment department, was already waiting for him.

"Boss, the situation isn't good. Some of the company's shareholders are objecting, and our stock is still being sold off in large quantities. The only bright spot is that these shares aren't being sold off by retail investors."

"It was our competitor who did it; we've already taken over two billion."

"How many did you say!"

Upon hearing this, Li Acheng's old face twitched violently. He hadn't expected that the company would spend so much money in just one night, right after the opening.

He had expected his opponent to be very strong, but he hadn't anticipated that the opponent would be so well-funded, burning through so much of his money in just one night.

Although this money is just for recouping funds to buy back their own stocks and is not a loss, if they cannot accept the price offered by their counterparts, and the stock market goes down, retail investors will all sell off their shares, causing the stock price to plummet.

They will suffer heavy losses.

No, it's already very dangerous. Once more and more people see the newspapers and news, they will definitely sell off their shares.

But now that they're on the wrong ship, it's too late to get off.

"Continue to accumulate shares and push the stock price higher. It absolutely cannot fall at this point. We must borrow funds from others to push it up."

Li Acheng methodically directed the company's staff to deal with this sudden storm, while trying every means to mobilize funds to fight against the behind-the-scenes big player.

——Homeland Group

In Li Jiayuan's office, Qiu Degen and Zheng Youling came in person. Inside the office, there were several professional traders staring at their computers watching the market.

Lu Zhanbo was among them.

"After today's news, I didn't expect that the stock price of Cheung Kong Group would actually rise. Old Li is indeed bold; he still dared to take on this challenge."

Qiu Degen sighed, "This is just the beginning. Yesterday, in such a short time, 2 billion was lost. Today, with all the operations, at least another 5 or 6 billion will be poured in. It's hard to say whether Li Acheng has enough funds to cover it."

“Li Acheng is, after all, one of the four major families in Hong Kong. He has a lot of money in the real estate industry. If it weren’t for the three of us working together, it would have been impossible to control him.”

"However, your information is still accurate. If it weren't for your accurate intelligence, I think I would have bought options, haha."

"Is Li Kai really not going to suddenly come back?"

"Don't worry, those people won't release Li Kai so quickly. Knowing them as I do, they won't release him until they've all been dismissed. There are at least four or five days left, which is plenty of time."

"Here, cheers."

Another trading day has passed.
The stock price of Cheung Kong Group miraculously stabilized. Despite widespread speculation that the stock price would plummet, it not only didn't fall but instead surged and quickly hit the daily limit. Retail investors were dumbfounded, unable to understand why this was happening. Some gamblers even thought it was a smokescreen released by the market manipulators, a technique for shaking out weak hands outside the market, as they not only didn't sell but also bought in the opposite direction.

Thinking they had seen through the truth, they waited for the stock of Cheung Kong Group to soar.

The following day, media outlets reported that Cheung Kong Group was going to cooperate with the Peninsula MRD Consortium, and that the two sides had already held further negotiations. Photos of Cheung Kong Group representatives meeting with MRD representatives were even published.

The share price of Cheung Kong Property Holdings recovered slightly, mitigating some of the losses.

However, this was merely a drop in the ocean compared to Li Jiayuan's relentless attacks.

These smokescreens were a self-rescue measure put out by the Yangtze River Group itself; Li Acheng does have some tricks up his sleeve.

They exploit the psychology of certain gamblers, throwing money at them and then reaping another round of profits from these idiots.

Therefore, the stock market is not for retail investors. Retail investors who only look at those messy technical indicators and do not have a large source of information for analysis are easily treated as韭菜 (a metaphor for being exploited) and slaughtered.

after one day
Li Acheng's finances are starting to run into trouble.

However, Li Jiayuan and his men never slowed down their offensive.

——Cheung Kong Group

Li Acheng's office

"Dad, we found out. It's the Zheng family, the Qiu family, and people from Jiayuan Group who are manipulating our stock."

Li Ju angrily slammed the documents in his hand onto the table. Li Acheng, with his back to him, gazed at the scenery below and sighed deeply.

"Ah Ju, this is the first lesson I'm going to teach you: in the business world, there are no permanent enemies, only permanent interests."

"Homeland Group."

Li Acheng gently took off his glasses and rubbed his aching temples.

His voice was hoarse and cold.

"That old fox Qiu Degen couldn't have done this kind of meticulous work; it's not his usual style. That kid from the Zheng family is even further behind. Each step is intricately linked, relentlessly pressing forward—what a fine example of the Jiayuan Group. Li Jiayuan."

“Ah Ju, you two brothers should learn from him. If you learn his cunning, I can rest assured.”

"I suspect that the information being disseminated by the media is their doing."

Li Acheng correctly analyzed most of the matter by simply breaking down some information.

Li Ju looked up blankly.

"Dad, you mean Ah Kai was given to him by them!"

Li Acheng smiled and shook his head.

"No, Li Jiayuan is not worth doing such a thing. Our two families have no enmity. Don't forget what he started out doing. I guess he must have gotten the information from somewhere."

That's why they joined forces with the Qiu and Zheng families to beat us when we're down, setting us up for a trap. Now, all we can do is prepare for their moves.

In this situation, we're already trapped and can't escape. Fighting it out might give us a sliver of hope.

"But...our funds."

Li Ju mentioned something that Li Acheng was most worried about: yes, they didn't have much money left.

The office remained silent for a long time before Li Acheng's voice rang out again, as eerie and chilling as a ghost.

"Aju, contact the Zhou family. This time, I'm going to make them lose everything!"

(End of this chapter)