After divorcing my celebrity wife, I became the world's richest person Chapter 345 Sold at a Sky-High Price
Second day, nine in the morning.
Chen Yu was sitting in the office on the top floor of the building, staring intently at the screen of his laptop.
The mont the stock market opened, his fingers were already positioned on the keyboard.
All the floating shares put out were completely bought by Chen Yu in no ti.
With this move, the privately held company of Chen Yu and Huang Ban Cheng now held more than fifty-three percent of Xiangyun Restaurant's shares.
At the sa ti, the funds that Chen Yu injected into Xiangyun Restaurant's concept stocks exceeded the original pricing, causing its floating shares to be priced at a premium.
That is to say, Xiangyun Restaurant had to issue more floating shares.
In fact, Chen Yu was rely exploiting loopholes present during the listing of concept stocks.
During this period, there would be a protection phase for the stocks based on so rules of the stock and financial markets, where the excess premium must be covered by issuing additional shares.
In the office on the top floor of Xiangyun Restaurant, all the veterans had assembled early, eager to see by how much their net worth would multiply after the listing of their concept stock.
However, to their surprise, even though all the floating stocks were sold out after the listing, there was not the slightest change in the share price.
"Ban Cheng, what's going on? Logically, since all the stocks have been sold out, the share price should at least double. Why is there no movent at all now?"
Huang Ban Cheng had already discussed the counterasures with Chen Yu and, excited, he rushed to the large screen.
"Everyone, according to the rules of the stock market, our share price will double in less than an hour. We need to release more floating shares now. I am willing to contribute all my remaining shares."
These words imdiately caused a huge commotion at the scene.
Most of these people had outdated thinking. Although they knew the stock market could make money, they did not understand the specific rules involved. Discover hidden tales at empire
Hearing what Huang Ban Cheng said, many beca impulsive, with so even considering giving away all their shares as well.
But still, so people remained calm, knowing that shares are more powerful when held in hand, waiting for the share price to change was the real deal.
For a while, many people were hesitant, but Huang Ban Cheng didn't care so much and just pretended to type on the keyboard for a bit.
"Done, I have sold all the shares I had."
Now, many people started to feel uneasy. Although all their shares had been sold, they still had ownership in the company.
As long as the share price would rise in the end, they could still sell the equity at a sky-high price.
Instantly, half of the people sold all their shares.
Indeed, once all the shares were sold out, the share price imdiately began to climb rapidly.
Everyone in the office beca excited. After all, they were old and didn't want to waste ti at Xiangyun Restaurant. If they could get enough money, it would allow them to live the rest of their lives in comfort.
At this mont, Chen Yu was sitting in front of the computer, typing rapidly on the keyboard.
He had just sold all the shares he controlled.
In the beginning, the share price soared exponentially, nearly quintupling, but then was abruptly cut in half, and afterwards steadily declined until it was even less than half of the original price.
Without much hesitation, Chen Yu bought back all the previously released shares at the lowest price just before the market was about to close for the night.
All the veterans of Xiangyun Restaurant were sitting dumbfounded in the office, faces filled with gloom.
"What on earth happened? It was all fine this morning, how co it plumted so much by afternoon?"
Many of the veterans were outraged, now the price was even lower than before the market opened.
Ban Cheng humd, "I told everyone to sell all their shares this morning, but you didn't listen. What's the use of regretting now?"
With those words, everyone fell silent.
The price had already quintupled that morning. Those who sold then had earned enough money for their retirent.
Even though they had to sell all their stock and the equity had to be taken back due to contract issues, they were completely satisfied.
Those who hesitated to sell their shares were now filled with regret.
What they held in their hands now was essentially worthless paper, utterly useless.
Ban Cheng sat in his chair, his expression indifferent.
"Seniors, it was you who proposed listing Xiangyun Restaurant on the stock market. So why, when it actually happened, is everyone still so hesitant? Now that it has co to this, do you an to bla ?"
So of the veterans got up leisurely.
"Ban Cheng! That's a bit harsh to say. Where do we have the idea of blaming you?"
"We no longer have shares in our hands now, and the little bit of equity that we do have left is worthless. Could you see if you can sell it to the restaurant in your own na?"
The speaker was eager to sever ties with Xiangyun Restaurant and retire in peace, having just made a tidy profit.
Ban Cheng was more than happy to oblige, "No problem, I can sign the contract with you all right now."
Saying so, he imdiately brought out the contracts he had prepared earlier and placed them before these n.
They didn't even look at them, just signed their nas and affixed their seals directly.
After signing the contracts, these individuals left without looking back.
The rest sat there, faces full of regret, having gained nothing except for the shares they had sold at the original price the day before.
Not only had they lost half their shares in Xiangyun Restaurant by now, but the remaining half had also halved in price.
Ban Cheng collected the newly signed contracts.
"You all should go back first, there may be a turnaround by tomorrow. If you trust , you can leave the remaining operations to ."
After a mont of silence, the remaining veterans left their share contracts behind and walked away.
From the beginning to the present, it seed their excessive interference had led to this outco.
Once these n had left, Ban Cheng's lips twisted into a triumphant smile.
Chen Yu was still typing away on the keyboard in his office, needing to plan out tomorrow's schedule to implent at the first opportunity.
Just then, a strange noise suddenly arose outside the office.
Chen Yu's fingers abruptly stopped, his eyes full of vigilance.
[System alert, danger is approaching]
Ling Ling had hacked the electromagnetic induction device earlier and had deduced its operating thod. Now, as long as soone approaching carried such a device, Ling Ling could detect their position.
The scene outside appeared in Chen Yu's mind. After all the commotion, these people had used suction cups and special devices to appear on the rooftop.
He slightly adjusted his breathing and, in a flash, reached the rooftop.
Indeed, about a dozen burly n almost simultaneously jumped onto the rooftop from the edge.
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