"Then what do you want? We have no other dealings, or has someone offered you a reward, asking you to fight for them? What are their terms? I can offer you even better terms. In Hong Kong, there are few who can be more ruthless than me, besides foreign companies." Mr. Chen spoke with exceptional confidence.
Lu Feng could tell that President Chen wanted to downplay the issue and resolve it peacefully; it seemed that this time, she had truly hit a nerve.
“President Chen, don’t always judge others by your own standards. I’m an honest and straightforward person. Let me tell you, the reason I’m targeting you now is because you blocked me when I was raising funds.” Lu Feng snorted and said, “I’m a person who holds grudges.”
After Lu Feng finished speaking, he hung up the phone. President Chen sat there with a gloomy expression. The vice president pushed open the door and walked in, saying, "The media has arrived."
Mr. Chen stood up and walked out. When he entered the reception room, a large group of reporters had already set up their cameras and microphones.
"Mr. Chen, what are your thoughts on the massive sell-off of Chen Capital's stock in the last minute of trading?"
When will we be able to release our financial report for last year?
"Is the sudden plunge related to Lu Feng, the richest man in mainland China? Does Chen's Capital currently have any plans to repurchase shares?"
Faced with a barrage of questions, President Chen stood calmly in front of the camera and said, "I've called you all here during this lunch break because I want to announce something to the public."
"First, there was a malicious sell-off of Chen's Capital's stock. In the days leading up to this, through smear campaigns, rumors, and hype, they forced institutions and retail investors to sell Chen's Capital's stock in order to achieve certain ulterior motives."
"However, judging from the opening situation this morning, the market is very optimistic about Chen's Capital. These despicable tactics cannot affect the normal business operations of Chen's Capital. As for the sharp drop in the last minute at the close, that's just how the stock market is: concentrated selling and concentrated buying."
"In order to prevent others from holding a large number of shares and manipulating the company, we will repurchase shares when the stock price is too low. The final flash crash can be understood as normal trading in the stock market or a kind of technical adjustment."
"Okay, thank you everyone!"
After finishing his speech, Mr. Chen turned and left without the slightest hesitation. A large group of reporters who wanted to ask him questions were stopped by others.
As some media outlets reported on this, the financial world was in an uproar. Mr. Chen's personal statement to the public itself sent a signal.
That means Chen's Capital really sensed the danger. The more she said there was no problem, the bigger the problem seemed.
At 2:30 p.m., the market reopened. Everyone in the trading hall stared intently at Chen's Capital's stock. Many professional traders were watching the stock closely, ready to sell at the slightest sign of trouble.
"It's fallen again!!!"
The stock of Chen's Capital has caused panic among retail investors, and was once again sold off by a large number of retail investors. It opened down two points and continued to decline!
At 3 p.m., Chen's Capital had already fallen by 23 percent since the market opened in the morning, and the decline was unstoppable, like diarrhea.
With this kind of drop, not to mention retail investors, many financial companies are almost unable to withstand it and want to cut their losses and leave the market.
President Chen urgently communicated with the board members on the phone and decided to repurchase some shares to boost the stock value, in order to prevent a drop of more than 50% in a single day, which would allow Lu Feng to take advantage of the situation.
At 3:30 p.m., the radio host's excited voice came through, shouting, "Buy! Chen's Capital has entered the fray! We've seen Chen's Capital initiate a buyback, purchasing two million shares in a single transaction, which has driven the stock price up. As for how long it can hold, the fifty-yuan mark has already been broken, and whether it can defend the forty-yuan mark remains to be seen."
Listening to the radio, Feng Zhiyao didn't leave the hotel all day. He lay half-reclined on the sofa and said with a hint of boredom, "Chen Capital's stock won't collapse anytime soon."
“I don’t want it to collapse.” Lu Feng sat up and said, “I want it to rise. Just wait, the next week will be the most exciting time. I’m going to show you how a company’s founder can gradually lose control of his company.”
Continue read on readnovelmtl.com
