"Breaking news! According to reliable sources, Hongkong Land Group is experiencing cash flow problems, and several of its subsidiaries have begun extending payment terms with suppliers."
Hong Kong Land Group, a long-established giant in Hong Kong, has been making frequent moves since Kobayashi Tenmochi took over. This recent gamble on the mainland electronics market has ended in a major setback. Whether this will lead to the collapse of Hong Kong Land Group remains to be seen, and this station will continue to follow the story…
Niu Bijian suddenly opened his eyes, stared at the television screen, and his face instantly turned deathly pale.
It's over! It's completely over!
This news is undoubtedly adding insult to injury and will push market panic to its peak.
Those shareholders who are still hesitating will definitely engage in a frenzied sell-off, causing Hongkong Land's share price to plummet even further!
He immediately picked up the phone and dialed Brown's number: "Brown! Did you hear the news?! Quick! Sell at any price! Sell as much as you can!"
“I heard you! Big Boss! I already placed a sell order at HK$90, but the share price has now fallen to HK$65! The market is full of sell orders, but nobody is buying! Our orders still can’t be sold!” Brown’s voice was choked with sobs, and he was on the verge of collapse.
“65 Hong Kong dollars?!” New Bijian felt dizzy and almost fell off his chair.
HK$65, which is about the same as the share price of Kobayashi Tenmoku before he acquired Jardine Matheson! This means that the market value of his shares has shrunk by nearly HK$200 million!
“How could it have fallen so quickly?!” Newbijian’s voice trembled, filled with disbelief.
“Shareholders are frantically selling off their shares, and there’s no one willing to buy! Everyone’s afraid Hongkong Land will go bankrupt and wants to get rid of them as soon as possible!” Brown said.
Newman slumped into his chair, utterly exhausted. He knew that the market panic had reached such a point, resulting in a stampede-like exodus, that there was no turning back now.
A few minutes later, Brown called again, his voice slightly calmer: "Big Boss, we just sold 0.2% of the shares at HK$90. The remaining 2.3% still can't be sold, and the share price has now fallen to HK$62, and it's still going down!"
Newbijian closed his eyes, took a deep breath, and muttered wearily to himself, "Damn it! What am I supposed to do now? Hold on or sell regardless of the price?"
His heart was filled with turmoil.
If we continue to hold them, what if the price of Jardine Matheson falls further, or if Kobayashi Tenmoku really goes bankrupt? These shares will become worthless. If we continue to sell, the price is already so low that the losses are already extremely heavy, and we may not even be able to sell them.
But then he remembered that the bombshell news that Kobayashi Tenno had used the money from Jitsugyo to buy silver futures had not yet been revealed.
If this news breaks again, Hongkong Land's share price may fall below HK$40, or even lower!
The losses will be even greater then!
"out!"
Niu Bijian gritted his teeth and said, word by word, "Sell everything you can! No matter the price, as long as someone is willing to buy, sell immediately! Even if we lose more money now, it's better than seeing the price drop even more later!"
“Understood, Big Class! I’ll keep the order pending!” Brown replied.
Niu Bijian hung up the phone, leaned back in his chair, his face extremely gloomy, and slammed his fist hard on the table in anger.
The thought of losing nearly 200 million Hong Kong dollars made his heart feel like it was being cut by a knife; it was bleeding terribly!
If he hadn't been so greedy in the previous two days, and hadn't been so fixated on slowly selling at the high point, but had instead decisively sold everything, he could have made a considerable profit even if he sold at HK$150.
But now, not only has he not made much money, he has actually lost HK$200 million. How can he accept this?
"Damn Kobayashi Tenno!"
Niu Bijian cursed inwardly again, "If it weren't for your blind investment in Continental Electronics, how could Hongkong Land have ended up like this? How could I have lost so much?!"
He hated Kobayashi Tenno's confidence and recklessness, and he also hated his own greed and caution.
But it's too late to say anything now; the damage has already been done and cannot be undone.
Niu Bijian looked out the window, his heart filled with resentment and anger.
He knew he needed to give the board a proper explanation for this loss.
It seems that the Hongkong Land Group will truly decline step by step under the leadership of Kobayashi Tenno.
He could only hope that Brown could sell the remaining shares as soon as possible to reduce his losses.
At the same time, he was also planning to buy the stock when it hit rock bottom, and then sell it at a higher price when the situation improved, so that he could recover some of his losses.
But he also knew very well that if Hongkong Land's stock really fell to rock-bottom prices, he... really wouldn't dare to buy at the bottom.
Kobayashi Tenno is an absolute bastard. He must have done this on purpose to ruin Jardine Matheson and transfer the core assets of Jardine Matheson in this loss-making manner. He is really too evil.
When trading resumed in the afternoon, negative news about Hongkong Land Group continued to surface, with reports of its tight cash flow already circulating widely. It's unclear what further bad news might emerge. Even if it doesn't go bankrupt, a recovery in its share price will be virtually impossible.
Sitting in his office, Niu Bijian was filled with regret and anxiety, helplessly watching his wealth dwindle.
The Hong Kong stock market continues to decline, with Hongkong Land's share price still slowly falling, and the market's panic showing no signs of abating.
Those investors who bought Hongkong Land shares after seeing its stock price rise so much are now, like Newbikin, immersed in immense grief and regret.
Many shareholders who suffered heavy losses even gathered in groups outside the Landmark Building and began protesting against Kobayashi Tenno's use of Landmark Group's money to invest in mainland electrical appliances.
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