A song from Chengdu revived a closed-down pub.

Chapter 288 Stock Price Hits Limit Down

Yuji Honda said, "Of course, anonymously sending the information about the fund's problems to banks and investment institutions that have business dealings with Tengfei doesn't require the banks to immediately withdraw their loans. Just getting them to raise Tengfei's risk level, suspend new credit lines, and re-examine the loans for those projects under construction will be enough to make Tengfei suffer. If the cultural tourism projects can't get subsequent loans, every day of delay will burn through a large sum of money. Also, tell the construction companies, equipment suppliers, hotel management companies, and local companies that have jointly developed projects with Tengfei that Tengfei may face repayment risks. As long as a few of them ask for early settlement of project payments or ask Tengfei to increase performance guarantees, others will follow suit. Although the local partners won't easily break ties with Tengfei, they will definitely suspend new projects and reassess existing cooperation."

Masaki Sano said, "If the banks don't lend money, the construction companies want to settle accounts, and tourists are asking for refunds, all three will be asking for money at the same time. Tengfei's cash flow will soon be depleted. At that time, those investors who were originally willing to wait and see will also become restless. When everyone asks for money at the same time, it will be a bank run. When Tengfei can no longer come up with money, it will have no choice but to sell scenic spots, hotels and high-quality projects in its hands."

Yuji Honda said, "Those mature cultural and tourism projects are the most stable source of cash for Tengfei. If the Ye family refuses to sell, they will continue to bear the financial pressure. If the Ye family sells, Tengfei's foundation will be hollowed out little by little. No matter what they choose, they will become weaker and weaker. However, it is not enough to just put pressure on the outside. We also need to tear a hole in Tengfei's internal structure."

Sano Masaki asked, "What needs to be done?"

"Go and contact those minority shareholders of Tengfei, especially those who have invested money in funds and are now stuck with their investments. Tell them that in order to maintain control of Tengfei, the Ye family will ultimately prioritize protecting themselves. When it comes time to redeem their shares, these minority shareholders will only be left behind. If they are willing to sell their shares now, we can provide them with a safe exit opportunity."

Sano Masaki asked, "In our name?"

"Of course not. Find a few domestic investment institutions that are not directly related to us and have them make initial contact. Take over the shares in a diversified manner. Scenic spots, hotels and high-quality cultural tourism projects can also be negotiated through different companies. Don't let the Ye family find out that we are behind these buyers. By the time they realize it, we will have enough chips in our hands."

Sano Masaki nodded, then added with some worry, "What if the Ye family grits their teeth and pulls through?"

"Then let's add fuel to the fire. Among those investors, there are always those who are in a hurry for money and those who are greedy. Let them sue at the same time and apply for property preservation. Once some of Tengfei's accounts, equity and project assets are frozen, we will release the news online that Tengfei's cultural tourism projects are about to come to a complete standstill."

"This is really going to be a real problem for Tengfei Group."

"Remember, our goal is not to make everyone believe that Tengfei will definitely collapse, but to make everyone afraid to believe that it will definitely not collapse."

Sano Masaki pondered those words carefully and exclaimed sincerely, "Honda-kun, brilliant, truly brilliant."

"However, if we directly step in to acquire Tengfei when it really can't hold on any longer, the Ye family probably won't accept it. Therefore, we can't appear as the acquirer. When they are most in need of money, we will appear as the rescuer. We can promise to retain some of the Ye family's shares, not to change the current management, not to lay off employees on a large scale, and even to solve the problem of repayment to investors and provide follow-up funds for those cultural tourism projects that have stalled."

"At that time, what the outside world will see is not us taking advantage of the situation, but that we used real money to save a group on the verge of collapse, and to save those scenic spots, hotels, and the jobs of tens of thousands of people."

Honda Yuji picked up his glass and took a small sip: "Once all their escape routes are blocked, they will naturally realize that the hand we offered was the only thing they could grasp. Go and make the arrangements. Tomorrow morning, I want everyone to know that Tengfei Group is in trouble."

……

Late that night, several financial media outlets received an anonymous tip almost simultaneously.

The exposé included a notice that the fund account had been frozen, as well as several deliberately cropped screenshots of fund transactions.

The next morning, an article titled "Tengfei Group Deeply Affected by Huge Fund Defaults, Cultural Tourism Projects in Many Places May Be Implicated" appeared on the internet without warning.

Within half an hour, it was reprinted by dozens of media outlets.

Immediately afterwards, related terms quickly became trending topics.

"Tengfei Group's cash flow has dried up."

"The Ye family's investment fund has collapsed."

"The whereabouts of hundreds of millions of yuan are unknown."

"Tengfei's cultural tourism projects may be suspended."

……

Headlines, each more sensational than the last, began to spread wildly online.

The issues that the Ye family wanted to resolve behind closed doors were ultimately brought to the forefront by someone.

After the news spread, the stock price of Tengfei Group fluctuated wildly as soon as the market opened.

At 9:15 a.m., as soon as the opening auction began, sell orders quickly piled up.

By 9:25, the opening price had already approached the daily limit down.

At 9:31, a large order was placed, and Tengfei Group's stock price was firmly pressed to the daily limit down.

At the top sell position, there were hundreds of thousands of sell orders piled up.

There was a constant stream of chips pouring out, all vying for a share.

In less than ten minutes, the market value of Tengfei Group evaporated by billions.

Major financial forums were in an uproar.

"The stock opened at its daily limit down; does that even need an explanation? Something terrible must have happened!"

"The fund has collapsed, with hundreds of millions of yuan unaccounted for. Tengfei even provided a guarantee. This time, it's likely to cause serious damage!"

"I heard that investors have already camped out at the company entrance!"

"Tengfei has so many cultural tourism projects, all of which are money-burning ventures. If the funding chain breaks, the consequences are unimaginable!"

"Run quickly, or it might hit the daily limit down again tomorrow!"

"The Ye family has been in business for so many years, surely they wouldn't collapse because of something so small?"

"What I fear most is that nobody knows how big this hole really is. Right now, it's revealed to be a few hundred million, but who knows if there are billions more to come?"

……

(This seemingly rambling passage is actually foreshadowing for later events, and it will come in handy soon.)

And to avoid making everyone think I'm just padding the word count, I updated four chapters today in one go, showing my full sincerity!

Finally, as always, I hope you enjoy watching!

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