Currently, the A/B share system is not implemented in China.
In the past, most domestic internet companies chose to list in Hong Kong, such as Alibaba, Meituan, NetEase, Kuaishou, Tencent Holdings, etc.
Among the A-share listed companies, the more well-known ones are LeTV and People's Daily Online.
Let's not even talk about People's Daily Online. LeTV is almost dead, and Jia Yueting has fled to the United States and become a defaulter.
However, given the sheer size of Wujiang Group and the numerous subsidiaries it has, if they were all listed on the A-share market, it would create a huge sensation. The entire A-share market would be in an uproar, and global capital would flood into the A-share market.
The domestic A-share market is about to experience an unprecedented leap in development!
Therefore, based on this situation, Zhao Ye believes that the domestic government should seriously consider his opinion and introduce an "AB share system".
The meeting continued.
The group then began discussing the delisting issue.
By releasing negative news through various means, companies can deliberately lower their stock prices and reduce costs for future delisting.
The meeting ended at 11 o'clock.
That afternoon, the CEOs began to implement the plan.
American stock market investors and investment institutions probably never expected that Wujiang Group would plan to "stab" itself in the back.
Soon, negative news about Alibaba, Amazon, Taobao, and other websites began to emerge frequently.
"Disagreements within Alibaba's management team expose scandals..."
"Amazon's warehousing and logistics are flawed and too costly!"
"The rampant counterfeit goods on Taobao have led to a significant loss of users..."
"..."
In the stock market, this translates to a sharp drop in the share prices of these companies.
This drew fierce criticism from many American stock market investors, who sold off their shares en masse.
"Luckily someone exposed these things, otherwise I would have thought that Wujiang Group's internet companies would have a brighter future than other internet companies. But this is it? Damn it, I should sell them immediately. This one has the potential to become a junk stock!"
"We shouldn't idolize Zhao Ye. His companies are a mixed bag. Right now, it's still the internet winter, and Zhao Ye's companies only appear successful on the surface because he has money. But who knows what's really going on inside? They might be riddled with problems!"
"Trust me, and sell your internet company stocks now! A new internet bubble may have already formed!"
"..."
Many posts on the internet have appeared online expressing pessimism about Wujiang Group's internet companies. Some of these posts were made by netizens themselves, but many more were deliberately manipulated by Wujiang Group to incite shareholders to sell their shares and create panic.
American stock market investors and some institutions were indeed scammed, and they sold off their stocks en masse.
There's no way around it; even listed companies are cooperating with public opinion to badmouth themselves, so you can't help but panic.
Zhao Ye then secretly had people accumulate shares at low prices.
Once the time is right, a formal delisting application will be submitted to the Nasdaq Stock Exchange.
As the saying goes, "When the city gate catches fire, the fish in the moat suffer as well."
Good heavens! The stock prices of so many internet companies under the Wujiang Group plummeted, directly causing a mini stock market crash on Nasdaq. The stock prices of major internet and technology companies around the world fell to varying degrees!
It's tragic that many internet companies encounter this kind of situation right after they start negotiating with investors for funding!
Investors are becoming a little more cautious and are hesitant to invest recklessly.
Let's wait for the storm to pass before assessing the situation.
"Damn it! We've already talked to investment companies three times, and it was even at a crucial moment, about to sign the contract. Suddenly, Wujiang Group's internet company was hit with all sorts of scandals and other negative news! This is killing me! The investors said they'll reconsider investing after a while! In a while, my company will be gone!!!" The founder of a Silicon Valley internet company was furious and hated Zhao Ye to the core. If his company couldn't raise funds this time, it would go bankrupt.
The United States has a highly developed financial industry, with a large number of investment companies on Wall Street and in Silicon Valley, which has led to a large number of internet startups in the country.
Therefore, the US internet industry has been hit relatively hard.
Subsequently, the stock prices of internet companies fell intermittently, like a continuous drizzle, for about a month and a half.
Over such a long period of time, the mentality of American stock market investors and institutions has been completely ruined.
"One word: Sell!! If I don't sell, I'm an idiot!"
"I will never buy internet stocks again! If the top websites are like this, the other websites can't be much better!"
American stock market investors are completely disillusioned with internet companies and are vehemently criticizing them.
After analyzing the situation, Zhao Ye felt it was about time to apply for delisting.
Zhao Ye's subsequent order caused a global uproar.
Fu Caiwei, the new spokesperson for Wujiang Group, stated forcefully: "Most American stock investors are pessimistic about Wujiang Group's listed internet companies, causing the stock price to plummet. Our group believes this is extremely unreasonable. Our internet companies have great development potential. Since American stock investors are not optimistic about our company, we would rather choose to delist!!!"
His tone was self-righteous, yet full of complaints.
It's as if they're innocent and others are the ones who made the mistake.
Wujiang Group has already stated that if you don't have faith in us, then we will delist.
The reasons are perfectly valid and reasonable!
Following this, Wujiang Group announced on Twitter that it would compensate shareholders for their losses, with the earlier the compensation was paid, the greater the amount. If the stock price continues to fall, the compensation should decrease accordingly.
"My goodness, Wujiang Group really has a temper! When shareholders were pessimistic, they just delisted it. Amazing!"
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