Chapter 23 Hanbao Steel explodes!
When he returned to the hotel in the afternoon, Zhang Junfeng was very excited when he saw the two stock lease agreements that were successfully signed. Although he was a loyal Monopoly player in his previous life and had seen many "opportunities" of all kinds in the game, this great opportunity that he personally promoted after his rebirth was much more exciting than the experience in the game! Next, he only needed to divide the borrowed Hanbao Steel shares worth a total of 1.6 billion US dollars into dozens of accounts and sell them out in a dispersed manner, so that the second step of the plan could be put on the agenda! Even the top multinational companies with a market value of hundreds of billions of US dollars in the previous life would be powerless to turn the tide and eventually collapse when faced with a huge scandal revealed by financial problems! Hanbao Steel not only has a serious financial deficit, but the serious decline in the turnover of steel products will be a fatal blow to overwhelm this large enterprise! Zhang Junfeng even speculated that his sudden attack would directly detonate Hanbao Steel's "time bomb" which was already in danger a few months in advance? But when I thought about how I could earn hundreds of millions of dollars in profits in a very short period of time if I operated properly, the remaining guilt disappeared without a trace! …
As time went on, something unusual happened at the Korea Stock Exchange. A large number of Hanbo Steel shares were sold out of a large number of newly established accounts, which attracted the attention of many people in the financial industry.
At the beginning, many investors and institutions who wanted to take advantage of the opportunity to make a fortune were quite interested in the sudden sale of Hanbao Steel shares, and they paid money to buy a lot of them. After all, the gold content of stocks of large enterprises is still quite high, and value investment is worth having!
However, as Hanbao Steel's stocks were sold continuously, some quick-reacting personnel gradually realized that something was wrong and began to question whether something had happened to Hanbao Steel, which led to the massive selling of stocks? ! However, Hanbao Steel did not find out which link had gone wrong for a while. In order to be safe, they arranged staff to speak as representatives to calm down the negative public opinion in the market, and at the same time, they accelerated the investigation to find out who was behind the scenes! However, when they got the news from the executives of those banks that someone had paid a huge deposit to borrow the mortgaged stocks from them, and the Five Star Group was involved, Zheng Taishou, the chairman of Hanbao Steel, was completely dumbfounded!
He didn't understand why the Five Star Group suddenly took action against Hanbao Steel. You know, the two companies have had a lot of business dealings over the years. This sudden move is suspicious of backstabbing teammates! Annoyed, Zheng Taishou quickly called Li Jianxi, the chairman of the Five Star Group, to ask for an explanation from him!
However, Li Jianxi, who had been on guard for a long time, made it clear that he wanted to distance himself from the matter. He just said that this matter was done by a younger generation in the family without telling him, and he had already taught him a lesson.
However, at this point, he couldn't go back on his word in order to avoid affecting the reputation of the Five Star Group. He asked Zheng Taishou to contact the two banks that allowed the lending of stocks to find a solution. If it didn't work, he would use the money to buy the stocks of the companies that were sold! This made Zheng Taishou very angry! It was beyond his expectation that Li Jianxi, the chairman of the Five Star Group, could do such a "rogue" thing. As for the bank, he had contacted it, but it was useless! Zhang Junfeng and Wu Mingxi seemed to have anticipated the measures that the other party might take, so when they signed the stock leasing contract with the two banks, they added a penalty clause that required the payment of 15% of the total amount of the leased stocks in case of breach of contract to restrain the actions of both parties and ensure the stability of this "transaction".
At this point, there is only one solution left, that is to find the mastermind behind this, negotiate with the other party and make him stop, only in this way can Hanbao Steel get through this safely! As for using funds to buy back stocks to stabilize the company's stock price, this most feasible method is simply impossible due to the serious internal capital deficit of Hanbao Steel, and negotiation has become the only way at present! However, what Zheng Taishou did not expect was that before they found Zhang Junfeng, a piece of explosive news almost made the front page headlines of major domestic media and news overnight!
Hanbao Steel has a lot of financial fraud and company deficits, and it also falsifies its performance every year to obtain more loans from banks for turnover! As soon as the news came out, it caused an uproar! Even though Hanbao Steel sent a representative to hold a press conference to clarify the news, the result was still very limited.
Investors and retail investors who had confidence in Hanbao Steel sold their stocks one after another, fearing that once the news was confirmed, the entire Hanbao Steel would collapse instantly! As a large number of stocks were sold by institutions and retail investors, Hanbao Steel's stocks plummeted in a very short period of time! Many financial professionals analyzed that under such circumstances, Hanbao Steel could only use a large amount of funds to repurchase the company's stocks to prove that the company did not have huge financial problems as rumored!
But what disappointed everyone was that even at this point, Hanbao Steel still hadn't taken any action, and the much-anticipated repurchase of the company's shares had still not happened. This also made investors who were unaware of the situation more certain of the authenticity of the previously leaked news! ...
Jiangnan District, inside Jun He Law Firm.
Zhang Junfeng and Wu Mingxi, who were leisurely drinking coffee, had bright smiles on their faces while watching the news report on TV.
"Boss, your prediction is quite accurate. Hanbao Steel's deficit is definitely real. That's why they haven't spent a penny to buy back stocks and stabilize their own company's stock price after so many days! We will definitely make a lot of money this time!"
Unlike Wu Mingxi's excitement, Zhang Junfeng seemed much calmer. "This is just what was expected. What we need to do next is to wait for things to continue to ferment, and start buying back Hanbao Steel's stock when the stock price drops to the bottom to maximize our interests!"
"In addition, we must also pay more attention to the safety of the law firm and ourselves! No one can guarantee that these guys will not do anything desperate. After all, we have offended them very much this time!"
Although he was reminding the other party to be careful, Zhang Junfeng still had a bright smile on his face, and he was obviously very satisfied with this action!
(End of this chapter)