The reason why Si Mingyu did this was to let the Xu father and son keep a glimmer of hope, thinking that they could win with a little more effort, and then invest all their wealth.
Otherwise, if the offensive was too fierce and the opponent saw no chance of winning, then why would Xu Yuande risk the properties under his name to take out a loan?
Xu Yuande still doesn't believe that Si Mingyu has the ability to defeat the Xu Group in the stock market. He thinks that the other party's goal is to use 2 billion to obtain the shares of Peacock Feather Cosmetics Company worth 3 billion, and he should quit while he is ahead.
This speculation was based on the amount of money invested. Over two billion yuan was invested in the stock market in three days, and the same amount was invested in the acquisition. Again, with the suddenness of the incident and the need to raise billions of yuan in such a short period of time, no matter what method Si Mingyu used, the price would not be low, and this could not be sustained for long.
Xu Yuande's own loan had an interest rate of 4%, meaning that if he invested 2.2 billion yuan in the stock market for a year, he would have to pay 88 million yuan in interest to Shanghai Pudong Development Bank, not including commissions. Si Mingyu's loan was larger, so the interest costs were even higher. He couldn't just keep the money in the stock market forever.
This is a bank loan, and the cost of institutional borrowing is even higher.
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As soon as the market opened on the third day, Xu and his son found that the opponent's offensive became more fierce.
"The negative news has had a much smaller impact after the past two days, and the strong stock market is a testament to the group's strength. The vast majority of shareholders have reduced their stock sales and are opting for a wait-and-see approach." This was stated by the public relations analysis department.
"We believe that the negative news released by the other party caused many investors to sell their stocks, providing them with ammunition for attack. It is undeniable that they were very successful in this regard, but the group's favorable counterattack shattered their plan." This is what the person in charge of the stock market of Xu Group said.
"They are in a hurry. They want to make a profit before exiting the market." This is the general view in the stock analysis community.
This is actually the case. After investing 1.3 billion chips, the Xu Group found that the other party had begun to run out of stamina and there were no major moves until the closing.
"According to our analysis, the other party will release some more negative news after tomorrow's market opens, and then run away. Because the funds invested by the other party have reached more than 3.5 billion, which exceeds one-third of the group's circulating shares. It can be said that if they don't run away now, they will not be able to run away. Even if they can evacuate in time, the most they can guarantee is no losses." The person in charge of the stock market of Xu Group analyzed.
"They have gotten what they wanted," Xu Yuande said, referring to the shares of Peacock Feather Cosmetics Company.
On the other side, Song Yanming also found Si Mingyu.
"Mr. Si, the amount of funds is too large. If we don't close the net now, the Xu Group's pool will not be able to accommodate it."
"Just you decide. I trust Uncle Song's judgment."
"Thank you, Mr. Si."
Si Mingyu did believe in him, but Song Yanming didn't believe in himself. Nearly 10 billion yuan was being invested in the stock market, and there were also various battles of wits and courage going on outside the market. The slightest mistake could lead to a complete loss. His hair had been falling out in clumps these past few days. There were some things he couldn't bear.
Fortunately, there are people who share some of his chores, otherwise he would have gone bald in the next few days.
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The fourth day is the decisive day that everyone is paying attention to.
At the opening of the market, the other party did not release bad news as expected by the outside world. Instead, they invested money in the most intense way to fight against the Xu Group. This frightened everyone including the people of the Xu Group, shareholders, financial institutions, and stock analysts.
Because the result of this kind of fight is that only one of the two sides can survive, and all the money the loser has invested before will be wiped out.
The first to panic were the person in charge and team of Xu Group at the exchange. They had no relevant experience at all. Even if they knew what to do in theory, once they were asked to make a decision, the pressure was something that only the person involved could understand.
In a nutshell, you invest tens of millions, but not long after, you will be asked whether you want to continue, and then another tens of millions will be invested, and the money you invested may not be recovered at all.
At Dongshen Wealth, everyone, regardless of their position, does menial work, and the main force is the team led by the bald white man in the office.
Tom Gratton and his team of five people came from the Fifty State Federation on the other side of the ocean. They came to the Dongshen Wealth office in batches when Si Mingyu decided to fight back.
Afterwards, everyone including Song Yanming was required to live and eat in the company. They were only allowed to enter but not leave, and were not allowed to have any contact with the outside world. Everyone signed a strict confidentiality agreement and was not allowed to reveal the truth of the battle even afterward.
Just like the Xu Group cannot cope with this level of stock market fighting, Song Yanming and his team cannot do it either, and are even worse than the other side, so they are just a cover to attract attention.
Si Mingyu relied on Tom's team from the beginning to the end. They came from an unknown department of Berkshire Hathaway. They came to work for him for two weeks, and the team's weekly salary was 100 million Chinese yuan.
In addition, Si Mingyu had to pay an additional 100 million Chinese yuan in agency fees.
The most shocked person among those present was Bai Qing. She had got the opportunity to study at Dongshen Wealth because she followed Si Mingyu. Her teacher also worked hard, and after participating in some daily investment activities, Bai Qing felt that she was still okay.
I feel like being a white-collar worker in finance isn’t that difficult.
But after witnessing the stock market battle today, her confidence was instantly shattered. Tom had thrown hundreds of millions of dollars into the air like a few hundred bucks. Thinking about how she would have to make her own decisions and bear the consequences of future stock trading and investment, she felt completely shattered.
This situation is actually normal. The little white rabbit may be able to achieve some results under the guidance of the big bad wolf, but if you really put her in a cage to fight with other wolves, she will not be able to do it.
If Bai Qing really had this kind of personality, why would she go to bars and nightclubs?
With the fierce battle in the stock market, the advantages of Dongya Mingyu Group in capital, experience and psychological quality gradually emerged, and it began to take the initiative on the battlefield.
Then they started to kill people indiscriminately, and the Xu Group was defeated step by step.
What was even more fatal at this time was that the speculators on the sidelines felt that the time was ripe and pounced on the dying giant, which further accelerated the collapse of the Xu Group.
By the time investors realize that the situation is not good, the institutions have already cut all the leeks.
The remaining leeks began to cut their losses, and then they cut more and more, and the stock price fell further and further.
Finally, it collapsed.
What collapsed along with it was the spirit of the Xu father and son, and the spirit of all the executives and shareholders of the Xu Group.
Xu Group is finished.
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