Nikon's stock price continued its sharp decline, with two consecutive days of plunges leaving many in despair, especially those who bought at higher prices. Many had already purchased significant amounts above the 10,000 mark. Once the price returns to a reasonable level, almost everyone involved will lose money.

The amount of compensation varies, some more, some less.

What is a reasonable price level? It's a threshold around 3,000 points before speculation.

Only when the price falls below this level and returns to the 2,000 yen range can it be considered a reasonable and healthy price.

Earning over 8,000 yen per share with tears in his eyes, there's no one else in this world but Xing Baohua.

This trap wasn't dug by Xing Baohua; it was something he orchestrated, using the psychological factors of many people to create a cause-and-effect relationship that is not replicable.

The biggest credit goes to Mitsui Bank, the platform behind this.

When the stock price fell to around 2,600 yen per share, Xing Baohua began instructing the traders to close out their positions.

Mitsui Bank had no choice but to reluctantly complete the settlement with Xing Baohua. Once the settlement was completed, the losses incurred by retail investors who had gone long would be pooled with Mitsui Bank to compensate for their losses after they closed their positions.

Even if retail investors stubbornly refuse to close their positions, Mitsui Bank will find ways to make them close their positions. Basically, they will release some information to make retail investors panic or trick them into fighting back.

The initial losses could only be covered by Mitsui Bank.

With cash in the account, I went on a buying spree for Nikon stock. All the Nikon stock orders were sell orders; I bought it all according to the pre-arranged plan.

There's a rhythm to shopping; you can't just buy everything you see, or the prices will go up. That's just creating a stumbling block for yourself.

Soon, Xing Baohua had acquired 5% of the circulating shares, which was enough to trigger a takeover bid.

The primary strategic objective has been achieved. After the initial takeover bid, the company continued its aggressive buying spree, quickly reaching a 12% stake. The average share price was 3,800 yen per share.

It is indeed very expensive, but then again, it's not my own money, so I can spend it as much as I want.

Thanks to Mitsui Bank and Japanese retail investors, he was able to withdraw his principal and use the profits from short selling to buy back the stocks held by retail investors.

This is the most outrageous thing.

This is equivalent to Xing Baohua using a legal counterfeit bill to buy goods, and the seller still has to give him change.

That's roughly the idea. Completely exploit the rules to ruin them.

Xing Baohua forcefully entered Nikon's board of directors and initiated the first board meeting.

Such meetings need to be reported, meaning they can be held behind closed doors, but the meeting minutes need to be released through the media or a backup of the meeting needs to be submitted to the exchange.

When the meeting was held, Xing Baohua's group was large, including translators, lawyers, analysts, professors, and more than twenty people, and they went to Nikon's headquarters to hold a board meeting.

Nikon's current chairman, Xiao Zhaoyibei, is a man in his fifties who wears small glasses and looks very kind and refined, but in reality, he is full of filth.

When Xing Baohua was tearing apart Nikon, he came up with many crooked ideas, but unfortunately, things didn't go as planned.

With just one sentence from Old Bush, all advantages vanished.

Nikon no longer has the ability to purchase Xing Baohua's shares, nor can it prevent Xing Baohua from entering the market; it can only continue its cooperation.

Of course, this board meeting was initiated by Xing Baohua, and it came with great force, leaving Nikon's people with no choice but to respond accordingly.

Moreover, they have all raised a lot of funds to prepare for the upcoming share expansion, in order to ensure that their shares do not shrink too much.

It all depends on the proportion of capital expansion.

Nikon's shareholder structure is complex and involves a large number of shareholders.

Xing Baohua's analysts believe that only by joining the board of directors can one have decision-making power. At this point, Xing Baohua only has the power to make statements.

It would be even better if I could be elected chairman, then I would have the power to make final decisions. But...

With so many shareholders standing against Xing Baohua, an election is impossible. They estimate that as long as they can get in, they will find opportunities to win over and divide the party. Once they have an absolute advantage in the number of votes won over, they can overturn the table.

This is just to get some recognition. Let them do whatever they want, even if it means being hung up as a mascot.

Of course, this is the second strategic objective.

Complete control of the board of directors is the third strategic objective, but that will take time.

Xing Baohua entered the venue with a very arrogant and haughty demeanor.

This hanging picture is really annoying; it makes my teeth itch.

Many shareholders were unhappy with him because Xing Baohua refused their deals. Their shares were now worthless, their value had shrunk considerably!

Xiao Zhaoyibei still politely stood up, walked up to Xing Baohua, and extended her hand to shake hands.

Xing Baohua shook hands with the other party and said, "Get out of the way!"

"What?!"

After the translator explained, Xiao Zhao's face immediately turned bright red and looked ugly; it was such a disrespectful gesture.

Where was Zheng Qi's pent-up anger? Just then, Xing Baohua walked past him and sat down in her seat.

This scene was witnessed by all of the more than one hundred shareholders.

Some hot-tempered people stood up, pointed at Xing Baohua, and started cursing. Anyway, Xing Baohua couldn't understand them, and the translator didn't dare to translate them.

The scene was chaotic.

A few seconds later, Xing Baohua slapped the table, drawing everyone's attention to him.

He smiled slightly and said, "It's a pleasure to work with everyone. My name is Xing Baohua."

The scene was completely silent. With the translator's real-time translation, everyone understood his opening remarks, but they looked at him with hostility.

"I'm here to do two things. First, I want to become the chairman of the board. Second, after I'm elected chairman, I will lead everyone to make money."

After he finished speaking, everyone remained silent. Many shareholders felt that Xing Baohua's opening remarks were extremely arrogant.

However, to be fair, they certainly have the right to be arrogant.

Then came whispers and a cacophony of noise from the crowd.

My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!