At the close of trading in the afternoon, Chen's Capital spent 600 million yuan to buy back shares, pulling the price of each share back up to 40.03 yuan, which barely stopped the downward trend.
This matter has blown up completely. After the market closed, the Hong Kong Securities and Futures Commission (SFC) announced that it would begin investigating the Chen Capital case and hoped that investors would view it rationally.
As evening approached, Lu Feng received numerous invitations to banquets, all of which he declined. For him, the best course of action now was to stay hidden in his hotel room.
Throughout the day, Lu Feng looked downstairs several times, but fortunately, he didn't see anyone unusual. Forcing Chen's Capital to buy back the shares was already a desperate measure.
At dinner time, Lu Feng was eating in the restaurant, with Feng Zhiyao sitting opposite him. It was clear that he was very uncomfortable spending the whole day cooped up in the hotel.
"Brother Feng, how about we go for a walk?" Feng Zhiyao asked, clearly getting restless from being active.
"If you're not afraid that a few thugs with knives will suddenly jump out and stab you while you're walking, then go ahead," Lu Feng said while eating his meal in silence.
"I'm a bit bored. How about we go out to a banquet, gather some more people, and keep talking down the market? Maybe it will drop even harder tomorrow."
Feng Zhiyao clearly intended to take some action.
Lu Feng put down his chopsticks and looked at him, saying, "This kind of confrontation is not about who makes the bigger moves, but about who makes fewer mistakes. In international large companies, a confrontation can last for several years. Unlike small and medium-sized enterprises, which need speed and the fastest grasp of the market."
"At this level of competition, it's all about back and forth. Everyone's shrewd and has about the same cards up their sleeves. The rest is about who makes a mistake, even a small one can be fatal."
"I've been staying in the hotel for the past few days."
Lu Feng is right. It is virtually impossible to bring down a large financial company in a short period of time unless it is crushed by a national-level administrative order.
It's either an asymmetric business war or a protracted battle, where some can bring down their opponents within a few years through marketing, market strategies, and lawsuits.
If two masters have no fatal flaws, they need to play a long game, just like playing chess. When children play chess, they make their moves very quickly, and the true skill is revealed when they throw out their first three moves.
A true master would never play like that; every move requires careful consideration.
Lu Feng's ability to wreak havoc on Chen's Capital in such a short period of time has already instilled fear in many people. His smooth progress is entirely due to Mr. Feng's well-prepared strategy.
Mr. Feng had prepared the fried eggs; Lu Feng was merely the trigger.
Lu Feng was unusually relaxed, but President Chen was not so leisurely. Tonight, she hosted a banquet and invited all the companies that had previously contacted her and said they would support her.
Having come this far, Mr. Chen was well aware that it would be difficult to weather the storm relying solely on Chen's Capital's own funds.
In a luxurious and spacious office of a financial building, four or five middle-aged or elderly men, all dressed in suits, sat at a coffee table drinking tea.
Huang Baili, the CEO of Bailihao Financial, served tea to everyone and said, "Who is targeting Chen's Capital? It's clear that CEO Chen is really anxious."
"How could she not be anxious? With the stock price falling so much, I was even prepared to sell. It's obvious that someone is shorting the stock, buying low and selling high." The general manager of KGI Securities took a sip of tea and said, "Someone wants to get into the board of directors of Chen's Capital and cause trouble."
A stack of invitations lay on the table; these were Mr. Chen's distinguished guests for the evening.
"Who is this Lu Feng? How many shares of Chen's Capital does he actually own?" another CEO asked.
"I don't know. Judging from the current situation, he should have a lot of accounts. But the problem is, he dumped nearly 700 million yuan today. Lu Feng is indeed a big shot in the mainland electronics industry, but he can't come up with so much money. There must be someone supporting him behind the scenes!"
"This situation is really chaotic. We always thought we were the dealers of Chen's Capital, but we didn't expect there were other dealers behind the scenes. If we go there tonight, President Chen will definitely not let us leave so easily."
What are your thoughts?
The group exchanged glances. Their biggest worry was that they couldn't figure out what kind of behemoth was behind Lu Feng and how badly it could damage Chen's Capital's stock.
If billions of dollars are poured in and the returns don't recover in the short term, and the costs of bridging loans affect Chen's Capital's operations, then the company will suffer a severe blow.
The competition among large financial companies is always fierce, and other financial companies will definitely rush to seize this opportunity.
If they can get out of trouble, they can not only earn a bridge fee, but also gain favors. However, if problems arise, their principal may be completely lost.
"I'll go and see. I heard they'll be releasing some information about last year's business performance tonight."
Everyone glanced at the time, realizing it was almost time. They finished their tea, stood up, and headed towards Liuya, asking each other questions.
However, these people were well aware of the catastrophe that was about to befall Chen's capital. They had all received some phone calls. In the financial world, what is often compared is not interpersonal relationships, but acting skills.
When Tang Zhongren received the invitation, he sat down and grinned. In Hong Kong's social circles, he was basically involved in the lowest-ranking circles. For the slightly more upscale circles, his father had to take him.
The invitation now reads: Ms. Chen Shufeng, Executive Chairman of Chen's Capital, cordially invites Mr. Tang Zhongren to a private dinner.
This chapter is not finished yet. Please click on the next page to continue reading the exciting content!
Continue read on readnovelmtl.com
