"What!" Lu Yiming was so shocked that he jumped up from the sofa.
Oh My God!
What a wonderful thing!
As expected, heaven has not forsaken me!
"How much has it dropped!" Lu Yiming asked hurriedly, his face even showing an uncontrollable elation.
"Huh? Has Lu Yiming gone mad? I get the feeling he's actually happy about the stock price drop?"
"Well, actually, Lu Yiming has lost far more money these past few days compared to his stock losses, so this is nothing at all. [doge emoji]"
"Is this what it means to remain calm even when a mountain collapses before you? Mr. Lu, I've learned something new. [Funny face emoji]"
Lu Yiming: Fifty million is nothing, it's just a drop in the ocean.
...
Viewers in the live stream chat flooded the screen with comments.
"Since the market opened this morning, stock prices have been plummeting!"
As of now, the stock price has plummeted from 3.05 to 2.45!
The drop has reached a terrifying 20%!
hiss!
The countless viewers in the live stream gasped in shock upon hearing this.
"Twenty percent? That means Lu Yiming's fifty million yuan just evaporated without him doing anything?"
"Holy crap! Does anyone know why this is happening?!"
"Hong Kong stocks are truly Hong Kong stocks! If this were in mainland China, they would have already hit the daily limit down."
...
"How could this be?" Lu Yiming forced down his overwhelming joy and asked hurriedly.
He must seize this golden opportunity!
What a huge loss!
"Today, a serious mine collapse accident was reported at Jincheng Coal Mine. The cause was that the mine did not pay attention to safe construction, and the workers even used substandard safety helmets!"
The authorities urgently dispatched an investigation team to investigate. During the inspection of the accounts, they discovered that many senior executives of Jincheng Coal Development Group had quietly sold their shares and cashed out since last year!
Currently, Jincheng Coal Development Group only holds 23% of the total shares in Jincheng Coal.
This is completely different from the announcement they released last year!
In other words, their financial report last year was completely false!
They cheated their investors!
Good heavens, even Lu Yiming was shocked.
Even if he had never traded stocks, he could tell that the Jincheng Coal Development Group was just an empty shell.
Even their own senior executives have started cashing out and running away!
"Currently, most of the shareholders of Jincheng Coal are speculative funds and retail investors."
They've heard this news and are already frantically selling off their shares!
Prices plummeted at an alarming rate!
"Chairman! We need to sell quickly! Otherwise, we might lose all of our 50 million!" Mu Xia said anxiously.
"It's over, it's over. This stock is truly beyond saving. We have to sell it immediately. Only an idiot would hold on to it and refuse to sell!"
"I never expected this. After this series of bizarre moves, it's no wonder the stock price has plummeted."
"I refuse to believe it's over. There are still people holding onto their shares and refusing to sell. Just watch, this stock is about to become a junk stock. In a day or two, nobody will want to sell it!"
...
After hearing Mu Xia's words, Lu Yiming pondered for a moment.
Mu Xia, standing to the side, was left anxiously waiting.
After a long while, Lu Yiming spoke:
"How much money do we have left in our private equity fund right now?"
Lu Yiming's company has a somewhat complex investment structure.
The company has its own private equity fund of around 900 million.
All of them came from various investors.
To ensure the show's success, the production team has already paid out compensation to the investors in advance.
This means that Lu Yiming can use all the money in the company at will!
No need to be at the mercy of investors anymore!
The remaining four billion yuan was invested in other companies.
He became a shareholder in other companies.
"To pay for the store, the private equity fund withdrew about 30 million."
"There's still 870 million left," Mu Xia said after a moment's thought.
Fortunately, this private equity fund only contains the company's own money; otherwise, such unauthorized withdrawal of funds would be absolutely unacceptable, tantamount to embezzling investors' money!
But if it's the company's own money, then it doesn't matter.
It's simply a matter of transferring money from one hand to the other.
“Take another 800 million and buy it all into Jincheng Coal!” Lu Yiming said calmly.
"What!" Mu Xia was completely petrified.
It's come to this!
Lu Yiming actually wants to invest in it!
Are you crazy?!
This stock is about to become a junk stock!
Let alone this stock, the entire Jincheng Coal Development Group is very likely to go bankrupt!
At that point, stocks will no longer be just junk stocks.
It is highly likely that it will be forced to delist!
The value of all the stocks vanished instantly!
At that point, all 800 million will be lost!
"Chairman! You...you're not joking with me, are you?" Mu Xia even thought she was hallucinating.
“No, I’m serious,” Lu Yiming said calmly.
It's as if they didn't care about the 800 million at all.
"Then... Chairman... did you hear some inside information? Is that why you were so bold as to invest?" Mu Xia asked, bewildered.
There are always all sorts of rumors circulating in the stock market.
Most of them are unfounded rumors and fake news.
However, it cannot be ruled out that some of these are insider information that has not yet been made public.
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