"The reason for the recent collapse of the company's stock price is that it has encountered malicious shorting, and the company's information is disclosed in a timely and transparent manner, and there is no concealment of information that should be disclosed but not disclosed. The goal of the short seller is not that there is a problem with the company's operation, but that the 39 million shares pledged by the company's major shareholder Lin Qi will be liquidated. In November 84, Mr. Lin Qi, the actual controller of the listed company, obtained a loan of 200 million US dollars by pledging the shares of the listed company in order to redeem the equity of the Japanese branch of Xinchuang Electronics. The pledge liquidation line set for this loan is HK$40, and the lender has the right to auction the shares below HK$40. Short-selling institutions are not only bearish on this mechanism, but also borrow shares of listed companies on a large scale to sell. Fortunately, Lin Qi, chairman of the company, saw through the short-seller conspiracy in time, and at present, the loan from the financial institution has been repaid on January 13, 85, and the pledged equity has been released. Even if the stock price falls below HK$40, there will be no arbitrage opportunity......"

With the release of a new announcement from the New Venture Publishing Group Company, the short-selling forces were quickly exhausted.

After all, those big bosses who are short have already closed their positions and settled their pockets. The rest of the shorts, if they do not repent in time, will encounter a tragic liquidation and lose all margin positions.

Because of this, there is no mechanism for continuing to short a large number of pledged stocks to liquidate and guarantee the bottom line. Therefore, the short panic turned into a bull, and the stock price of the new venture publishing group was smashed out of a gold pit in the short term, not only began to soar, but even in the next year, not only returned to the market value of 10 billion, but also hit a new high, with a total market value of 20 billion Hong Kong dollars.

This is not only because the Hong Kong stock market has entered a new round of bull market in 85, but also has a great deal to do with the hype topic of the new venture publishing group.

First of all, it is the concept of "Avalon", and the whole of Hong Kong knows that "Court of Avalon" has become popular all over the world, even far exceeding Bruce Lee's influence at the beginning. After all, Bruce Lee's influence is more of a posthumous altar, and the box office level during his lifetime was only a record breaking in Chinese-speaking regions, but it is not a superstar with very strong box office results in the world.

"Avalon" is an animated film that truly does not lag behind Hollywood's top blockbusters in terms of box office results.

Although New Venture Publishing Group did not invest in the "Court of Avalon" anime film project, it did invest in the game development of "Court of Avalon", and since this project is a key project of the Department of New Entrepreneurship, the quality of this project should be guaranteed. As for the market...... Since Xinchuang Electronics is currently the world's largest game software publisher, as long as its own games are not quality problems, they basically do not worry about sales.

In the large buy orders, some of the short covers are covered, but there are still some real long-term investors!

While there are anonymous investors, most investors don't have to. Therefore, it is easy for Lin Qi to understand the list of shareholders who have recently bought large-scale.

To Lin Qi's surprise, the list of purchases actually included Zou Wenhuai, Lei Juekun, and Run Run Shaw.

Among them, Zou Wenhuai bought the most, spending 150 million Hong Kong dollars to buy 3 million shares. For Zou Wenhuai's worth, it can be said that in addition to the assets of Jiahe Company held by him, all the remaining funds that can be used are bet on buying the shares of the New Venture Publishing Group Company.

Lei Juekun, Run Run Shaw and others also bought tens of millions of yuan, mainly because although they are optimistic about the development prospects of listed companies in the new entrepreneurship department, after all, such a valuation is still not cheap, so they will buy tens of millions of yuan.

The collective investment of these bigwigs in the cultural industry is also because they all know that in terms of making high-quality content and industrial layout, they are far from the same level as the new entrepreneurship department. It is far from being possible to have the same competitiveness as the new entrepreneurship department, so we have to invest in the listed companies under the new entrepreneurship department and indirectly participate in the high-quality projects of the new entrepreneurship department.

If a start-up publishing company is only in the publishing business, they will definitely not even bother to look at it. But the key thing is that these bigwigs have understood the information in the annual report, and after the New Venture Publishing Group goes public and raises funds, in addition to publishing, it also indirectly invests in the film and television, animation, and game projects of the New Venture Department! Although these projects cannot allow the New Venture Publishing Group to occupy a large share, at least, it can occupy some rights and interests.

For example, in the game adaptation projects of "Sword and Fairy 2" and "Court of Avalon", New Venture Publishing Group has invested some funds and occupied a certain amount of equity. It is precisely because of the qualifications of the New Venture Publishing Group to invest in the high-quality projects of other brother companies of the New Venture Electronics Department, which is the reason why these bigwigs can't help but invest.

In the process of this crash comparable to a small stock market crash, Lin Qi appeared extraordinarily calm, after all, in addition to the equity of the New Venture Publishing Group, Lin Qi has many more unlisted assets.

The foundation of its wealth and influence is still the new venture electronics group. As long as there are no major problems in the heart of the entrepreneurial electronics group, then the other problems are small things that are fleeting.

Of course, in this process, Zhang Dahai and Zhang Ru, the two uncles and nieces, are like a serious illness in the short term. Because...... Too much concern about the stock price of listed companies, the ups and downs of their wealth, so that their wealth is like a roller coaster, too stimulating their spirit.

"Lao Zhang, I advise you to take a good look at the company's stocks. Lin Qi smiled, "If it goes on like this, it's not worth losing your life!"

"It's not you. Zhang Dahai complained, "If you hadn't pledged the stock, how could it be ......?"

"You haven't pledged the stocks, what are you anxious about?" Lin Qi was surprised, even if the real pledged stocks were liquidated, it was also Lin Qi's position.

Zhang Dahai said: "Of course I'm in a hurry...... Yes, during this time, he almost lost his mind and thought crankily all day long. For a while, I thought that Boss Lin had abandoned the listed company, and 200 million US dollars was considered an indirect cash-out?

After a while, I was anxious, and when I woke up, my wealth was hundreds of millions less. After tasting the taste of being worth more than 2 billion, Zhang Dahai could not bear the financial shrinkage to the extent of hundreds of millions or even tens of millions. Although, going back five years ago, being worth millions is something he didn't dare to think about.

This is the truth of frugality, if you don't get it, forget it, once you get wealth and status, if you want to lose it, it will be more uncomfortable than death.

Of course, because Zhang Dahai has been in poor health recently, Lin Qi suggested that he hand over his position to Shangguan Xiaobao, the current deputy general manager of the company, and then go to domestic scenic spots, take a walk everywhere, and see the great mountains and rivers of the motherland.

After all, I haven't even seen the Yellow River, the Yellow Mountain, and the Great Wall of the Yangtze River, and I have visited several cities in the Pearl River Estuary in Guangdong Province as farthest, and the vision and pattern are not broad enough.

Zhang Dahai also felt that it made sense when he heard this, and in the next few months, he really began to semi-retire and handed over part of the overseas and Hong Kong business to Shangguan Xiaobao, the deputy general manager. Zhang Dahai, on the other hand, went to China to develop and tour at the same time, and his life was much more nourishing than that of Hong Kong.

Moreover, Zhang Dahai's role in running around in China is much stronger than staying in the company's office, because now he is the general manager of the company with a market value of 10 billion, and compared with the current China, he is rich and rivals the province.

After the change, the status of the CEO of a Hong Kong listed company of this scale may be reduced. But now he is going to China, and no matter what level of government, he is regarded as a guest to attract investment.

Later, Zhang Dahai proudly said: "I have established the world's largest chain of book rental stores in China's domestic market, and two-thirds of the cities in China have our rental bookstores. In the 80s, it adopted the membership card model, with 200 million reading members, more than 100 million books are rented every day, and the book rental rent is about one-twentieth of the book purchase, which is converted into sales, which is equivalent to selling 500 books, and the world cannot find more book distribution and sales channels than our readers. ”

The biggest success of this irreproducible sales model may have accelerated the era of market-oriented creation in China and the comic creation industry. In the 80s ~ 90s, it began to create a large number of creators with an annual income of tens of thousands and hundreds of thousands.

In the later Internet era, this model of renting bookstores has also transformed into an Internet electronic publishing model with wider coverage. Of course, Zhang Dahai has always been skeptical and opposed to the implementation of the Internet model. Because, he felt that the model of renting a bookstore that he vigorously promoted was impeccable, and there was no need to transform into the Internet that he did not understand. But in the end, it was Lin Qi's forced transformation, after all, only Lin Qi knew that the 21st century is the Internet era, and it is difficult for enterprises that refuse the Internet to survive and develop, and it is likely to become the residue of being eliminated by the times!