Lu Feng didn't agree, only saying he'd think about it some more. After hanging up, he took a deep breath, feeling quite helpless. Good assets won't stay undervalued forever, and opportunities to buy at rock-bottom prices are rare.
But without money, it's all just wishful thinking.
Whenever Lu Feng had free time, he would call Jiang Xiaoyan. Duoduo was already on summer vacation, and everything in Suzhou was basically arranged. Zhang Fengxia also called to help rent a house.
After hanging up the phone, Mr. Feng looked at Zhenkun and said, "Keep an eye on the shipbuilding group. If it's worth buying, then do so. Lu Feng seems very interested."
“He is exploring international trade, but he is proceeding cautiously. Moreover, the mainland has never exported television sets before. He is currently completely reliant on agents. It is clear that he has a sense of anxiety about things he does not have control over,” Zhenkun analyzed.
"Let him do whatever he wants, don't worry about it." Mr. Feng stood up, stretched, and walked into the yard.
The following day, Chen's Capital's stock continued to plummet. As the funds that Chen's Capital had injected were needed to cover their losses, they had to sell their shares and convert them into cash, which prevented the stock from recovering at all.
People have become numb to Chen's Capital's stock. In just three days, it plummeted by 50%, effectively halving its value. There are even rumors that Lu Feng has spoken to his superiors and ordered Chen's Capital to be delisted.
The public's speculation about Lu Feng's identity has become even more mysterious. In their eyes, this young man from the mainland has a shocking secret behind him. Otherwise, how could he have taken down a local financial tycoon all by himself?
Lu Feng had no interest in what others thought, nor in paying attention to the flood of banquet invitations. He went downstairs and headed straight for Ed Securities.
Upon entering, I went straight to the VIP reception room. A staff member brought me a cup of tea. A moment later, a man who looked like a manager in his forties came in. He entered with a big smile on his face, took a few quick steps forward, and extended his hand, saying, "Hello, Mr. Lu. I'm sorry to have kept you waiting. I am the general manager of Ed Securities. If you need anything in the future, you don't need to come in person. Just give me a call."
"I'm here to withdraw money today. I borrowed 100 million yuan worth of Chen's Capital shares from you before, with 40 million yuan as a deposit. Today is the day to cash them out," Lu Feng said to him.
"Mr. Lu, you are really good at short selling. Please wait a moment, it's already being settled for you. We also support other services here. Would you be interested in learning more?" He looked at Lu Feng, acting like a salesman.
So, Lu Feng is now like a stock market god in Hong Kong. Many people have made money by shorting Chen's Capital based on his advice, and now some people are taking the opportunity to short the shipping group.
As long as Lu Feng is kept at Ed Securities, and as long as a word is sent out, a large amount of capital can be attracted.
"No need for introductions, I'll withdraw the money directly. Will it arrive today?" Lu Feng asked.
"What are you planning to invest this money in?" the other party asked, unwilling to give up.
"Go home and build a house!" Lu Feng replied casually after taking a sip of tea.
The manager was speechless. No one would believe that. He definitely had other investments to make. Since he was going to another securities company, he might as well stay here.
"We can provide some VIP services, bank black cards, you can choose our female employees to accompany you on trips, 24-hour telephone service, you make the calls and our operators will help you complete them.........."
Lu Feng didn't want to continue because the account belonged to Feng Zhiyao, and he needed to use the account managed by Su Yourong to operate it; otherwise, trouble would arise after he joined the board of directors of Chen's Capital.
"Stop talking." Lu Feng interrupted him.
A dozen minutes later, a young woman who looked like a clerk came in with some documents and asked Lu Feng to sign them. In this short selling, Lu Feng successfully made a profit of HK$50 million, plus the margin of HK$40 million, for a total of HK$90 million.
The 40 million needs to be returned soon, and the rest is pure profit. When that happens, with the 20 to 30 million in Su Yourong's account and leveraged through banks, holding 70 to 80% of Chen's Capital's shares will be no problem at all.
The funds would arrive in the afternoon. After Lu Feng signed the papers, he gave them an account number. He went out for lunch by himself and then called Feng Zhiyao after returning to the hotel. He told Feng Zhiyao to tell the young men that it was difficult to order a car and that the order amount would be fully refunded.
After the funds arrived in the afternoon, Lu Feng transferred 40 million to Feng Zhiyao, leaving him with 50 million. He then combined this with Su Yourong's funds, intending to use the controlled account to buy shares in Chen's Capital and directly enter the board of directors.
Previously, it was only a temporary holding, and the requirements of the Hong Kong Regulatory Commission and Chen's Capital were not carefully read. In the Standard Chartered Bank reception room, a manager looked at Lu Feng and said: "Mr. Lu, according to the requirements of the Hong Kong Regulatory Commission and the board of directors of Chen's Capital, if it is a natural person holding the controlling stake, you need to open an account here yourself, and once these funds enter your account, they will all be credited to you."
"If you can't open an account, I recommend a solution: a holding company. You can register a holding company, with the two of you as shareholders. The requirements for holding companies are also more lenient."
Lu Feng flipped through the documents, realizing this was the only option, and asked, "How fast is it to register a company?"
“Very fast, we can handle it for you. All the formalities can be completed by tomorrow morning!” The manager tidied up the documents on the table and asked, “Do you want to be the legal representative? Or do you want to register under anyone's identity and be the actual controller?”
"I am the actual controller!"
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