bookrandom Chapter 835 The battle begins
Chapter 835 The battle begins
This tactic, regardless of whether the other party is United Fund or not, is obviously aimed at Huo Yongnian, and is definitely not just to deal with Maowei.
"The other three group companies began to raise their share prices and buy back scattered shares."
Huo Yongnian stared at the stock market and ordered decisively: "Maowei must fight back immediately and never let the shares fall into the hands of others."
"Mr. Huo, our funds will be dispersed if we do this," Zhao Lei reminded.
"Do as I say!" Huo Yongnian roared. Facing the boss's anger, Zhao Lei did not dare to say anything and quickly carried out the order.
At the same time, Zhou Qi also received a report from the team: "Mr. Zhou, the share prices of Bai Cui, Bai Hui, and Bai Lao Hui have all risen to varying degrees, and the Huo family is buying back scattered shares."
Zhou Qi nodded, and then instructed Lin Fang: "Increase the share price of Maowei by another 5 percentage points and invest 1.5 billion yuan."
As Zhou Qi continued to increase his investment, the pressure on Huo Yongnian grew.
After several rounds of confrontation, the stock price had risen by 20%. But the other party seemed to have no intention of backing down and was determined to take over the shares of Maowei.
Is this a fight to the death?
Huo Yongnian felt unprecedented pressure because he knew that his liquidity was not sufficient.
"Mr. Huo, the other party has raised the price by another five percentage points, and the trading volume has surged. If this continues, our shares will be taken away by them. Should we continue to raise the price?" Zhao Lei asked anxiously.
In Zhao Lei's opinion, the other party was taking a crazy risk.
But in order to stop all this, they must pay a greater price, which is undoubtedly a huge loss for the Huo family.
Huo Yongnian was filled with resentment. He understood that doing so would be like being hard on himself, but once he lost control, the consequences would be disastrous.
Gritting his teeth, Huo Yongnian asked, "How many shares does the other party have now?"
This question stumped Zhao Lei. He could only roughly estimate: "About 8 percent."
Eight percent, this number is already a considerable threat to Huo Yongnian.
If he let the other party push his luck further, he would be in dire straits. Staring at the constantly flickering trading screen, he could not afford to hesitate for a single large transaction.
The stock price has soared 20%, which is an irresistible temptation for those individual shareholders.
And this rapid growth rate will undoubtedly attract a lot of attention.
It was really embarrassing. Before today, all Hong Kong stockholders would know that someone was attacking the Huo family.
If he lets his opponent succeed, where will he put his face?
"Raise the price by another five points." Huo Yongnian ordered.
As both parties continued to increase their stakes, the stock price of Tradeway rose like a rocket. However, strangely, the trading volume suddenly slowed down.
The reason is simple. Everyone can see that this is a competition between two strong forces. The price is bound to continue to rise. Everyone wants to buy at the highest point and make a fortune.
In less than an hour, Tradeway's stock price had risen by 40%.
With a new round of bidding in the stock market: "Mr. Zhou, the stock prices of the other three companies have begun to fall."
Members of the Lin Fang team reported.
Zhou Qi looked at the stock boards of the other three companies, tapped his fingers lightly on the table, and said after thinking for a moment: "Clearly sell off the shares of Maowei and return all the shares to the Huo family."
Why did the stock prices of the other three companies fall?
The reason was that Huo Yongnian withdrew his acquisition offer. Why did he do this? The main reason was to recover funds.
There are two possibilities behind this: First, Huo Yongnian believed that the other party's main target was Trade and Development, so there was no need to raise the stock price to collect shares from retail investors, as doing so would only lead to losses;
Second, Huo Yongnian did not have sufficient funds, so in order to cope with the offensive from the trade maintenance department, he had to take a gamble.
In fact, Huo Yongnian really didn't have much money available.
Concentrate all strength to form a strong deterrent - the current stock price has risen by 40%, and both sides have invested huge amounts of money. He does not believe that the other party can continue to expand the war.
The key to this battle is that you must not lose in momentum.
Due to our lack of momentum, the other party may realize that our capital chain is tight, and then they are likely to take action against the other three companies.
If it really comes to that, he will be in big trouble, and even if he tries his best to fill the loophole, it will be too late.
Therefore, you must overwhelm the opponent in momentum, betting that the opponent will not dare to follow suit.
Normally, this strategy might be effective, but he was facing Zhou Qi, a man with tens of billions of funds and abundant resources.
Especially when it comes to the Huo family's current situation, Zhou Qi's understanding goes far beyond that of ordinary people.
Although he could not necessarily tell exactly how much liquid funds Huo Yongnian had, he had a general idea of the situation.
When Lin Fang and others heard Zhou Qi's instructions, they were very surprised.
Some of the shares that we fought so hard to obtain are now going to be returned so easily?
The current stock price has risen to such a high level that once you give it up, it will be extremely difficult to regain it.
Price is one consideration, but more important is the number of scattered shares on the market. These are all tightly held in Huo Yongnian's hands. Can we still expect him to let go of them on his own initiative?
Despite their doubts, Lin Fang and others chose to obey Zhou Qi's orders.
At the same time, Huo Yongnian was nervously watching the stock market trends, and every price increase was as painful as cutting his flesh.
Although he can continue to raise the price, when will this endless cycle end?
Moreover, what is the other party's purpose in wanting to seize the shares at all costs?
This made him feel worried, and he hoped to use tough measures to make the other party give up.
At some point, someone from Zhao Lei’s team reported, “Mr. Huo, the buy orders from the other three companies are all for 500 million, which is exactly where we just withdrew our order.”
What? Upon hearing this news, Huo Yongnian's heart sank, and an ominous premonition came to his mind.
I hurriedly checked the stock boards of the other three companies, and those high buy orders were particularly eye-catching, obviously occurring after they withdrew their orders.
Looking at the trading section, some transactions have been completed, but the transaction volume is not large and the speed is not fast. There is still time to act now.
"Act quickly, cancel the order from Maowei, re-plan the flow of funds, switch to the other three companies, and prepare for a counterattack." Huo Yongnian ordered decisively.
However, before the words fell,
"Mr. Huo, there was a massive sell-off at TradeWise, and the transaction was completed almost instantly."
Then another report came: "Mr. Huo, there are a large number of retail investors following up on TradeWei, and the delivery speed is extremely fast."
Huo Yongnian hurriedly checked the screen and saw the transaction data of Maowei scrolling wildly.
The funds in his account were decreasing rapidly like a flood, and every transaction record was like a needle pricking his eyes.