Offending both the first and second in command simultaneously.
If it weren’t for Hongye Building Materials having a certain influence in Shanghai, Wang Rengang wouldn’t need to personally inspect Black Swan Group today.
After chatting for about 20 minutes, Wang Rengang stood up.
"Today, I originally ca as a peacemaker, hoping you could work together with President Zhu of Hongye Building Materials to contribute to Shanghai’s developnt, but since you already have your own way of handling things, I won’t say more.
However, I hope you rember what I’ve said. I hope this matter doesn’t have a significant impact; otherwise, next ti, I won’t just be here peacefully drinking tea with you."
Gu Bai listened to Wang Rengang’s words, stiffened slightly, and nodded solemnly.
No wonder Wang Shoufu once said a sentence that all businessn regard as a guiding principle.
"Get close to the governnt, stay away from politics."
Don’t be fooled by how friendly Wang Rengang is right now; if I really ss sothing up, today it will be Hongye Building Materials that’s abandoned, and tomorrow it will be .
Even though I’m now seemingly on the sa level with Wang Jianling and a group of bigwigs, it’s just on the surface.
In terms of actual size and status, I’m still a few tiers below them.
.............
Two days later, a stock nad Hongye Building Materials on the A-share market hit the daily limit up for three consecutive days.
The increase once reached 30%, soaring from a market value of 6.5 billion to 8.5 billion, with a trend of breaking through the 10 billion mark.
As this monstrous wind blew, many investors started discussing.
"What’s going on with Hongye Building Materials? It hit the limit up for three consecutive days. I noticed the stock on the first day, initially thinking it was market volatility and didn’t take it seriously. But it shot up crazily for three days; if I had bought it on the first day, I wouldn’t have missed out on millions!"
"I only saw it today on financial news. The financial experts say that Hongye Building Materials stock is an example of great potential accumulating over ti, and it might break the 10 billion total value. I wonder if it’s too late to get in now?"
"I suggest being cautious; I bought 20,000 shares on the first day and just sold them all for a profit of over 300,000. I feel sothing’s off with the trend. There haven’t been any good news about Hongye Building Materials recently, and such crazy growth is likely the result of big players manipulating the market. Don’t get treated like cabbage and get cut."
"So you made money and now advise others to quit? A person like you is either stupid or evil. Currently, the dostic real estate environnt is favorable, and Hongye Building Materials, as an established building materials company, has grown from a market value of 3 billion to 6.5 billion over the years, proving the experts’ point of great potential accumulating over ti. I’m optimistic about Hongye Building Materials and have heavily invested, waiting for it to break through the 10 billion mark!"
"The bold will be fed, the timid will starve, whatever! Let’s do it!"
Inside the eting room of Hongye Building Materials, Yang Hongye, with a dark face, pointed at the projected display with a laser pointer and said, "I’m sure all directors are aware of the recent significant increase in the company’s market value. This is how ordinary investors evaluate our Hongye Building Materials stock. What are your thoughts?"
The shareholders also looked grave.
In theory, the stock price surge should be good news for the shareholders, but they are seasoned veterans in the business world and know one thing very well.
When sothing unusual happens, there’s always a hidden agenda!
All these years, the company’s financial reports have been impressive, but there’s never been such a dramatic increase. The recent three days’ rise has already exceeded the growth of the past two years.
There can only be one explanation for this situation.
Soone is maliciously manipulating the stock.
The director of Hongye Building Materials’ marketing departnt stood up and said, "Three days ago, our Hongye Building Materials’ stock was purchased by a large amount of capital without any bottom line; as long as soone dared to sell, they dared to buy.
It’s precisely because of this that the stock showed such dramatic gains."
Zhu Hongye, sitting at the head seat, said with a heavy expression, "You all understand the situation; soone is unquestionably using massive funds to forcibly manipulate the stock market maliciously."
As he said this, Zhu Hongye’s mind flashed with images of Gu Bai.
He was convinced that Gu Bai was definitely behind the scenes orchestrating this incident.
"Does the chairman have any counterasures?"
After hearing Zhu Hongye’s words, the shareholders hurriedly asked for a response thod.
After a half-minute silence, Zhu Hongye slowly said, "I suggest a shareholder vote to apply to the Securities Regulatory Commission for a trading halt. If the situation continues to develop like this, when the backing capital starts to dump, the company might face endless calamities!"
Once he said this, all the shareholders started discussing.
Applying for a trading halt could have huge repercussions.
It could severely damage the company’s reputation, and once trading resus, the stock price is bound to plumt.
"Chairman Zhu, don’t you think a trading halt is a bit rash? After all, we haven’t fully understood the situation yet, and the application might not be approved by the Securities Regulatory Commission."
"Yes, although the growth in our company’s stock price seems odd, the current situation still benefits us. Even if the backing capital decides to dump, it might not affect our company.
After all, our financials have always been in healthy growth, and this may not be a risk but an opportunity for us. If we withstand this onslaught, once the stock price stabilizes, the capital manipulating the market might be lending us a helping hand!"
"I think Director Guo’s view is very sensible; we don’t need to halt trading so soon. We can observe for now."
Seeing the shareholders expressing their opinions, Zhu Hongye felt a bitterness he couldn’t articulate. If he dared to say the recent stock price turmoil was likely his doing, his position as chairman might be at risk.
Moreover, he harbored so hope.
Hongye Building Materials is an established company; over the years, its steady position has gradually dulled his sense of crisis.
"Since none of you agree to halt trading, we can observe for now; if fluctuations begin, we’ll formulate a plan."
Human nature is inherently greedy.
This group of profit-driven businessn is greedier than ordinary people.
Though they know this stock market turmoil carries significant risk, risk and reward often coexist. Nobody thinks they’ll be on the losing side.
This is the survivor’s bias.
However, Zhu Hongye still planned to prepare for two scenarios: observing on one hand, while on the other, preparing for potential risks.
Zhu Hongye: "But I still suggest preparations should be made. I recomnd pledging equity for a short-term loan from the bank to counter any future market downturns."
This proposal was instantly accepted by all shareholders.
They’re greedy, but not foolish.
If they fail to prepare, when the ti cos, they might not even have the chance to fight back.
At this mont, including Zhu Hongye, all the vested interests were trapped in confusion.
Yet, on the other hand, the marketing director remained lucid and quickly reminded, "Chairman, directors, I think this matter should be handled with greater caution."
Zhu Hongye looked at the marketing director with puzzled eyes.
"I think, even if we don’t apply for a trading halt, we should request the Securities Regulatory Commission to investigate our stock. Otherwise, if we wait until we’re under official investigation, it will be too late."
Upon hearing the marketing director’s words, many shareholders laughed, "Director Yang, you’re worrying excessively. A re 30% increase in stock price isn’t going to draw the Securities Regulatory Commission’s attention.
Besides, even if we do get investigated, we have all the proper financial reports to provide, and since Hongye Building Materials is a leading company in Shanghai, the higher-ups won’t let anything happen to us easily."
Seeing their greedy faces, the marketing director sensed sothing was amiss, but he just sighed and said no more.
After all, he’s just an employee; the shareholders here are all his bosses, and his responsibility is rely to provide his thoughts. Whether they listen is up to them.
Under the arrangent of Gu Xin and Gu Si,
An invisible net slowly encompassed the vast Hongye Building Materials, and now it was just a matter of reeling it in gradually.
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