After ten years undercover, I'm giving up.
Chapter 221 7 Million Isn't Enough to Burn
"Father..."
Lin Daheng asked, "You saw today's news, right?"
Lin Jianyue said, "I saw it. Ma Zhichao is clearly coming on strong this time."
"But don't worry, Father, I have prepared 500 million to support Lin's Clothing."
"Transferring this money will not affect the normal operation of Lin's Real Estate."
"Good, very good!"
Lin Daheng was very satisfied with his second son's performance.
Recently, the second son has become increasingly adept at the real estate industry.
Not only did he greatly expand the scale of Lin's real estate, but he also skillfully cultivated close relationships with officials in the government.
If he weren't the second son, Lin Daheng would probably have preferred Lin Jianyue to inherit the family business.
After hanging up the phone, Lin Daheng did some quick calculations.
Currently, the Lin family has scraped together 700 million yuan by piecing together funds from various sources, plus 500 million yuan from their second son.
Kelin's Apparel has a total share capital of up to eight billion.
With 700 million yuan, they could barely hold onto less than 10% of the shares.
Using it to prop up the market is no easy task.
……
……
Ma Zhichao's side.
He personally oversaw the protection of the Umbrella Corporation.
For this operation, Ma Zhichao spent ten million Hong Kong dollars and ten thousand emotional points to specially summon a new team – the "Great Era Fang Zhanbo Team".
Fang Zhanbo raised a question: "Boss, we currently hold a total of 32% of Lin's shares, with a total value of approximately 2.4 billion."
"If you simply and crudely dump these stocks, the losses would be enormous. Are you really not considering the potential for losses at all?"
Ma Zhichao smiled slightly: "This is all dirty money, feel free to throw it away."
"I still have nearly 1.4 billion US dollars in my hands."
Fang Zhanbo: "..."
The boss is so generous!
Fang Zhanbo couldn't help but say, "If we follow the boss's advice and don't care how much we lose, then they've already lost this battle from the very beginning."
"I don't even need to devise many plans; I can just dump the stock into the market, and the Lin family will inevitably collapse."
Our Zhanbo has never fought such a rich battle before!
This feeling is fucking awesome!
What about Ma Zhichao?
Will he really lose money?
will not!
Because the money lost by dumping shares is illicit money.
What you actually make back is the money from short selling.
Ma Zhichao has been shorting Lin's Clothing stock since last week.
He borrowed shares from a brokerage firm and sold them at the current high price.
After driving down the price of Lin's Apparel stock, they would buy back the low-priced shares and return them to the brokerage firm, profiting from the price difference.
This money is clean money!
……
……
Before we knew it, it was 9:00.
Pre-market trading has begun.
On Ma Zhichao's side, Fang Zhanbo's team officially made their move.
One phone call, and they started dumping shares through overseas channels!
On the Lin family's side, Chen Taotao's team also immediately sprang into action.
then.
Lin's stock price dropped 10% in pre-market trading!
Although it was just pre-market trading.
But this range...
Chen Taotao's team was completely stunned!
It can't hold up, damn it!
9: 30!
The stock market officially opened.
The stock price of "Lin's Apparel" immediately plummeted as soon as the market opened!
Fang Zhanbo's playing style is incredibly bold.
Crazy sell-off!
At the same time, they secretly absorbed resources at low levels to replenish their resources and ammunition.
In less than an hour, Lin's Apparel's stock price plummeted by 15%!
Its market value of 8 billion has dropped by 15%.
This time, the Lin family's assets evaporated by two billion!
This is an absolute huge loss!
For a moment, Lin Daheng felt an urge to vomit blood.
As for Chen Taotao's team?
They could only desperately try to carry the trays.
We did recover a significant amount of stock, but our funds were also depleted very quickly.
"What happened?"
Lin Daheng was also present at the trading site.
I was completely stunned to see the stock price drop by 15% in just one hour!
Chen Taotao's expression turned grave: "Boss Lin, something's wrong. The number of shares they hold far exceeds my expectations."
"Moreover, the opponent's tactics are like those of a madman, completely disregarding losses and recklessly dumping shares, ignoring even the most basic common sense of the stock market."
"At the rate they're playing this game, they've already lost at least several hundred million!"
"impossible!"
Lin Daheng was utterly shocked: "Ma Zhichao couldn't possibly have that much money! Is someone plotting against me?"
After he finished speaking, he immediately looked at Chen Taotao: "Mr. Chen, do you have any ideas?"
Chen Taotao shook his head: "With the other side spending money like this, the only thing we can do is continue to use money to support them and fight them head-on."
The methods of warfare have been forcibly distorted by the other side.
No matter how many skills Chen Taotao had, his exquisite techniques were completely useless against the opponent's simple and brutal punch.
Lin Daheng understood Chen Taotao's predicament and asked, "How much more funding do you need?"
Chen Taotao shook his head: "It's hard to say, it depends on how long the other party will persist."
"And now there's another problem."
"Retail investor panic."
In just one hour, it dropped by 15%.
Retail investors must be panicking by now.
This will further exacerbate the plunge!
……
"They're diving!"
"Lin has dived!"
Stock exchange, stock trading floor.
Countless investors crowded in front of the trading desk, shouting excitedly.
"I'm going to sell 'Lin's Clothing'!"
"I'm also going to sell 'Lin's Clothing'!"
"Damn it, why did you fall so fast?"
"It's only been an hour, and it's already dropped by 15%!"
"Don't push! I was here first, please sell out all of 'Lin's Clothing' for me!"
"Dou Na Xing, I clearly arrived before you!"
Inside the trading hall, rows of trading computers were packed with investors.
The traders were besieged by a large number of stock market investors.
The shareholders are frantic.
Everyone frantically crowded towards the trading desk, eager to get rid of their "Lin's Clothing" shares as quickly as possible!
At times like these, time is money.
Even if it's half an hour slower, I don't know how much more money I'll lose.
If this trend continues, their assets will shrink by half in just a few hours!
Damn it!
After years of hard work saving up, are you going to smash it all in one day?
One by one, the stock investors were so anxious that they cried, cursed, and even threw things in a fit of rage.
Outside, even more investors kept pouring in, desperately trying to squeeze into the hall.
Everyone's rushing to sell their stocks!
Another hour passed.
The downward trend in the stock price of "Lin's Apparel" shows no signs of stopping.
Fang Zhanbo remained simple and crude.
Keep smashing!
Keep burning money!
An hour passed.
The stock price continued to decline.
Despite his extensive experience, Chen Taotao was still unable to protect the market.
Lunch break time arrived.
Trading is suspended.
The stock price of "Lin's Apparel" has plummeted by 25%!
……
……
The atmosphere was relaxed on Ma Zhichao's side.
Fang Zhanbo couldn't help but sigh.
This was the easiest battle he had ever fought.
There's absolutely no need for wits or courage.
Just aim at the other person's face and crush them.
……
Meanwhile, Lin Daheng's side...
A gloomy and desolate atmosphere prevailed!
Lin Jianyue and Lin Jianming have both arrived, and the atmosphere at the scene is extremely tense.
Lin Daheng looked at Chen Taotao: "How much capital do you have left?"
Chen Taotao frowned: "Originally there were 700 million, and I have tried my best to use them sparingly, but now there are only 100 million left."
"Especially after 11 a.m., more and more investors panicked and sold off their shares, causing the stock price to fall faster and funds to be depleted even more quickly."
"So, we need more money."
Lin Daheng: "..."
More funds?
He knows his own family's situation best.
Lin Jianming was extorted twice.
Lin Jianyue was extorted once.
The entire Lin family was extorted for more than two billion.
We've already borrowed a lot of money, and we've also temporarily diverted funds from several companies to support this area.
Where can you find more money now?
Seeing Lin Daheng's predicament, Chen Taotao said, "If we can't borrow money or raise funds, then there's only one other way."
Lin Daheng looked at him: "What method?"
Chen Taotao said, "Find a partner to negotiate."
Negotiate with Ma Zhichao?
Lin Daheng's first reaction was resistance.
After all, Ma Zhichao had already established a clothing company, making the two sides mortal enemies.
Clothing is the Lin family's core business!
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