Some say that stock market investors are the kindest people in the world.
He ruined his family by investing in stocks, and all he could do was blame himself for his poor judgment. Then, with a bang, he jumped off a high-rise building.
In Hong Kong, after experiencing several stock market crashes, investors have clearly become more "benevolent."
This recent plunge in Hongkong Land's stock price has also resulted in huge losses for countless investors who bought Hongkong Land shares because of Kobayashi Tenno's fame.
But there was nothing that could be done. Although Lin Huowang sympathized with the stock market investors who had lost money, he was pushing the wheels of history forward, and someone always had to make sacrifices, didn't he?
And some of these stock market investors, of course, did not silently swallow their bitter pill.
Several days of stock market crashes led many investors to gather outside the headquarters of Hongkong Land Group.
Several white banners with black lettering hung arrogantly in front of the Landmark Building.
"Return my hard-earned money, Land!"
"Reckless investment! A disaster for stock market investors!"
"Xiao Lin Tianwang comes out and explains!"
Angry shareholders gathered in small groups, waving their fists and shouting curses.
The security guards from Hongkong Land Group nervously formed a human wall, fearing that the shareholders might rush into the Hongkong Land Building and cause trouble.
On the top floor of the Landmark Building, in the chairman's office.
The thick soundproof glass completely shut out the noise from downstairs.
The only sounds in the room were the low hum of the air conditioner and Gao Qiaohao's slightly rapid breathing.
Gao Qiaohao stood before the large desk, a stack of newly printed reports in his hand, and reported to Lin Huowang:
"Boss, the situation is getting worse and worse! Many of those people downstairs have lost a lot of money."
The phone... the office phone never stopped ringing.
Several major shareholders, including Chairman Liu and Chairman Wang, called us personally to ask what was going on and whether our cash flow had really dried up.
They demanded that the company immediately explain the situation and stabilize the stock price.
The stock price... just plummeted again, it's... fallen below HK$60. Market capitalization... has fallen below HK$4 billion. The market is flooded with sell orders, nobody's buying, everyone's pessimistic about us. If we don't do something... I'm afraid..."
Gao Qiaohao was also quite anxious. He didn't have Lin Huowang's overall planning and vision; he could only see the immediate situation. The crisis of Zhidi Group was already imminent.
In particular, Gao Qiaohao was well aware that his boss had mortgaged most of the shares of the Land Group to raise funds to speculate on silver futures.
Although he didn't know why HSBC hadn't notified him to increase collateral or demand repayment in the face of the plummeting stock price, he knew that HSBC couldn't tolerate the continuous drop in stock price indefinitely.
Lin Huowang, however, remained calm and composed. He leaned back in his large leather chair, his back to the huge floor-to-ceiling window in front of him.
Upon hearing that the stock price had fallen below four billion, he calmly let out a surprised exclamation:
"It's fallen below 4 billion? It took three days, which isn't slow."
"Yes...yes. Boss, we really need to react as soon as possible, otherwise the panic will spread even more and the stock price will fall again..." Gao Qiaohao couldn't help but remind him.
“Okay. Let’s issue a clarification then.” Lin Huowang nodded in agreement.
Gao Qiaohao immediately replied, "Yes! I'll prepare the statement right away and have the public relations department..."
"Need not."
Lin Huowang waved his hand and said, "Go to Asia Television and ask them to insert a news item about me in tonight's evening news."
"Interrupting the news? Is it to deny the rumors on TV?" Gao Qiaohao asked.
"Yes. We want to tell the people of Hong Kong Island and our shareholders: First, our Hongkong Land Group is very optimistic about the development prospects of the mainland's electrical appliance industry chain."
Secondly, to support this strategic investment, we have mortgaged nearly 80% of the Group’s high-quality office buildings and real estate properties, raising more than HK$1 billion, all of which has been invested in the Shekou Industrial Park in mainland China.
Third, not only Hong Kong Land, but also a large portion of the available funds from Dragon Media Group and Asia Television, as well as my personal funds, have been invested in Shekou.
For those shareholders who have lost money with our Hongkong Land Group, please hold onto your shares. Now is the time to enter the market at the lowest possible cost.
"Hong Kong Land's stock will never be this cheap again. If you want to make a fortune once and live off it for a lifetime, buy more Hong Kong Land stock now."
After saying all this, Lin Huowang felt that he had done his part by reminding these stock investors who had lost money.
As for whether they listen to me or not, whether they believe that Hongkong Land Group can rebound and make a big comeback, that's their own fate!
Upon hearing this, Gao Qiaohao gasped, his eyes widening as he exclaimed, "Boss? This...this is tantamount to admitting...admitting that we're facing a severe cash crunch? And...mortgaging 80% of our property?! If this news gets out..."
"So what? Which of our statements isn't true?" Lin Huowang retorted.
"But...but the shareholders will panic! They'll think we're betting everything, putting all our savings on the line! This...this is even scarier than the previous rumors!" Gao Qiaohao said helplessly.
"Panic? Panic stems from not being able to see the road ahead. We're simply showing them the real direction. We're telling them that our financial situation is tight because we've invested our money in places with a brighter future."
"This is a chance to make a fortune. I've already made it clear to them. If they don't believe us, there's nothing we can do," Lin Huowang said with a smile.
"But...but the export of electrical appliances from mainland China..."
"It will recover. The factories in Shekou are working overtime, and orders are being negotiated. As long as the products are exported smoothly, the returns will be extremely substantial. We are not gambling; we are investing in the future."
My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!
Continue read on readnovelmtl.com
