After seeing this news, Chu Yu felt that this was a good opportunity.
Chu Yu had people buy shares of Meigao Company. After several purchases, Chu Yu acquired about 20% of the company's shares. She didn't stop and continued to buy until she controlled 35% of the company's shares.
Once Chu Yu acquires this many shares, she will become the de facto controlling shareholder of the company.
At this point, Chu Yu will be able to acquire controlling interest in the company.
This is very important for a company.
Meigao is a home appliance company and a long-established enterprise in the port city. When Meigao encountered problems, it was originally possible to control the situation and prevent the stock from continuing to fall. However, before Meigao's management could take action, a company kept buying Meigao's stock, causing the stock price to multiply in a short period of time.
This move caught the attention of Mr. Qiao, the person in charge at Meigao.
Qiao Hongsheng originally wanted to use some means to reverse the disadvantage, but before he could react, Chu Yu had already taken control of Meigao Company. As a listed company, Meigao's stock could not possibly be worth only this much money.
At this time, Chu Yu released the news that Meigao had received investment from a foreign company, and Meigao's stock continued to rise and multiply. In a short period of time, Chu Yu sold all her stocks at the peak and made a profit of 400 million yuan through this operation!
Chu Yu quickly replicated the same tactic, specifically to target companies with unstable controlling stakes.
These companies all had some issues with stock price control. The Hong Kong market was free, so Chu Yu's actions were not considered illegal. She used this method to carry out the same trick four times in a row, making herself famous in Hong Kong in a short period of time.
Continue read on readnovelmtl.com
