Part 10 Chapter 24 Stock War

Jinghai Jian's stock price fell from a maximum of 18.7 to 12.4 for three consecutive days, implicating a number of listed companies related to Shen's family plummeting for three consecutive days. Pen, fun, pavilion www. biquge。 After the first Saturday and Sunday when the Jinghai Municipal Government announced the regulation of the government, the hot money consortium calmed down a little, and condemned the Jinghai Municipal Government for its strong intervention in the real estate market through the media, questioning the acquisition agreement signed by Jinghai City and Xinghu Construction involving up to 2 billion yuan, which was just a word game for the Jinghai Municipal Government to fool the citizens, and the Jinghai Municipal Government had no ability to repeat the agreement.

It was Saturday, a public holiday for government agencies, and the Jinghai city government did not respond to media condemnation and questioning.

The next day, the front page of the Jinghai Evening News carried the news that the United Lin Foundation had spent US$140 million to acquire the Jinghai City Museum project, and the first funds raised by the Jinghai municipal government would be used to pay for the acquisition to Xinghu Construction. In the B8 of Jinghai Jianwan Evening News, under the headline of the over-invested Jinghai property market, a detailed inside statement was published on the whole page of the domestic hot money into Jinghai speculation, and the relevant institutions in Jinghai City will conduct an in-depth investigation into the excessive investment of the Jinghai property market by the Shen family, and once key evidence is obtained, it will be submitted to the state economic management department in order to impose a heavy penalty on the Shen Group. The article also pointed out that due to the trend of Jinghai Construction and the influence of Jinghai property market regulation information, a number of listed companies related to Shen's Group have plummeted continuously, but the fundamental reason is that a large amount of Shen's Group's funds are trapped in Jinghai property market, and the entire group's capital has been problematic.

The Shen Group held an emergency consultation meeting overnight to counter Jinghai's malicious speculation, and the best way was to raise funds to absorb the shares of listed companies and stop the stock price from continuing to fall.

There is no way to stop the stock price from continuing to fall. No amount of explanations and statements can dispel the panic in the minds of shareholders.

This matter cannot be expected from other consortia, which are hoping that the shares of listed companies under Shen's name will continue to decline, so that they can buy the assets of Shen's group cheaply, but it is not easy to lend money from banks in just one day to stop the decline in stock prices. Provincial Exhibition Bank, Zhixing Bank, City Commercial Bank, and China Construction Bank successively rejected Shen's request for temporary loans.

More institutions believe that the Jinghai municipal government was able to successfully snipe this hot money attack because of the mysterious United Lin Fund, because the United Lin Fund acquired the assets of the municipal government's land museum project at a high price. Only then did the Jinghai Municipal Government have the most direct counterattack power; Previously, the United Lin Fund acquired part of the assets of the Century City project from Jinghai Construction and successfully prevented the hot money consortium from using the Century City project to continue to speculate on the property market in Jinghai.

Since the two acquisitions of the United Lin Foundation are assets with unsatisfactory returns, it is not difficult for domestic institutions to associate the actions of the United Lin Foundation with the Shen Group.

Which financial institution is willing to get involved in the turmoil during this sensitive period?

As of 8 p.m. on Sunday, the Shen Group and its listed companies had raised less than 1.6 billion yuan. The Shen Group directly controls five listed companies, among which the total market value of Hengdian Energy Group, a listed company with the core assets of Shen Group, is as high as 20 billion, and the total market value of Shen's Real Estate is as high as 8 billion. If Monday's opening continues, the selling pressure of last Friday's 1.6 billion funds can keep the stock prices of these two companies will also be problematic.

The continuous decline of the stock price will reduce investors' confidence in Shen, once the confidence collapses, Shen's trouble will really come6 Bingqian's eyes were a little bloodshot, although Jinghai's counterattack was fast and powerful, it was not enough to break her will. The incumbent directors and the senior executives who were unable to attend the meeting have a mission to save the company from danger, and I hope that a motion will be passed tonight, and the executives of the group will collectively increase their holdings of each company's shares in response to media questions about the Shen Group......

When the company encounters difficulties, we all have the responsibility to stand up. A half-white director stood up straight, resting his hands on the conference table, and looked sideways at 6 Bingqian on the chairman's seat, but asked Chairman Kaoru to explain the matter of the United Lin Foundation, why the chairman was not aware of the existence of the United Lin Foundation before entering the Jinghai property market?

Judging by the documents. The United Lin Foundation, registered in the Netherlands, should be the actual controller of the United Investment Group, but judging from the trajectory of the United Investment Exhibition, the United Lin Foundation is more like a bluff of the United Investment Group......

Bravado...... The half-white-headed director questioned the fact that the United Lin Foundation had acquired nearly $400 million in assets from Jinghai in less than five working days. Is this still a bluff? No matter what the relationship between the United Lin Foundation and the United Investment is, even if the United Lin Foundation is a joint investment and is bluffing. But why does Liantou have such abundant funds, why does the chairman not have an accurate judgment of this situation, or is the chairman too tired recently and has lost the judgment ability that a leader should have?

The question continues to spread, don't want to negotiate any resolution this year, 6 Zhongda's eyes narrowed, and he said: The original decision to invest in the Jinghai property market was the result of discussion by all the directors, and the existence of the United Lin Foundation was not avoided in the plan submitted by the chairman, but everyone took it lightly, and the responsibility could not be put on the chairman's head......

The sudden reversal of the Jinghai property market, I think everyone here was unexpected, 6 Jianhui followed his father's tone and continued to ease the atmosphere, he was not qualified to participate in the board meeting, but he and Wei Jiahua are the main persons in charge of Jinghai, making an exception to participate in the group's board meeting, although the Jinghai Municipal Government has yin us, but there is still considerable room for us to fall back on our investment books in Jinghai, the cost per share of our total equity investment in Jinghai Construction is only 9 yuan, and there is still 35% profit on the books; Our direct investment in the Jinghai property market is mainly concentrated in the second quarter, with a cost of less than 4,600 yuan per square meter, and a profit of 2o% on the books, and we still can't say that we have failed......

Hum...... Someone below snorted coldly twice, and 6 Jianhui looked over but didn't catch a provocative look.

Unable to cash out, book profits will soon fall short, in the current situation, Jinghai Jianzong's share price is impossible to stand above 9 yuan, maybe it will fall until the price in the middle of the year, there is a chance to ship out. The property price in Jinghai is even more in the mirror, and the moon in the water is such a low transaction volume, and the real estate directly invested by the Shen Group cannot be sold at all, and it is only possible to get out when the profits are squeezed out.

The most critical thing is that Shen's huge amount of money is deeply entrapped in the Jinghai property market, once the funds collapse, the consequences are unimaginable, this is the root of the crisis, 6 Jianhui is talking about book profits at this time, and he wants to ease the atmosphere, but he said such stupid things without common sense, no wonder some people sneer.

Although she reluctantly passed the resolution of the senior management group to increase its holdings, will its executives actively implement the resolution6 Bingqian has no bottom in her heart, she can only use the limited funds in her hand to protect Hengdian Energy and Shen's Real Estate.

On Monday, the Securities Journal published the article "Jinghai Property Market Observation", which quoted a lot of data from the article "Overinvested Jinghai Property Market", and the spearhead once again pointed directly at the Shen Group. Shen Group directly controlled the six listed companies collectively suspended the stock price change announcement and the announcement of the increase in the holdings of senior executives, but in the face of strong doubts in the securities market, it did not have any effect, and the stock price of Hengdian Energy opened an hour after the suspension, and the stock price of Hengdian Energy fell to the limit level after 40 minutes, and Shen's Real Estate was even more miserable, and it was sold within five minutes and pressed on the price limit.

At this time, 6 Bingqian had to consider whether the 1.6 billion funds in his hand were enough, and if it was replaced by other circumstances, 6 Bingqian believed that it would not be a problem, but it was impossible for him to let go of this opportunity to snipe, since he had mobilized 400 million US dollars before, there might be more funds lurking in the shadows. He probably has a good understanding of the group's financial situation through Chen Li, right?

Jinghai Construction was suspended for one hour, and the stock price change announcement was announced, and a huge number of selling orders were pressed to the price at the opening of the market, which was the fourth limit of Jinghai Construction. Although analysts believe that the fundamentals of Jinghai Construction have not changed, and the sales agreement signed with the United Lin Fund will bring huge profits this year, the excessive speculation in the early stage has made the stock price far beyond the space for value fluctuations, which is still nearly double that of one of the best real estate stocks in the securities market: Xinghu Holdings. It is important to know that Xinghu Holdings has much better resources in Jinghai than Jinghai Construction.

Of course, Xinghu Holdings was also inevitably affected by the Jinghai Municipal Government's regulatory measures, and the stock price continued to fall, but after the announcement of Xinghu Construction's increase in holdings, it quickly stabilized and stopped the decline, and the stock price did not rebound quickly.

Lin Quan stared at the huge LCD screen, and invested 400,000 yuan in this high-definition LCD screen, Lin Quan only shouted luxury, but did not stop the proposal of the other directors, and the company must decorate the façade.

Shen didn't dare to let the stock price continue to fall, they would definitely make a move, so we would slowly buy and sell at this price, so that the stock price vibrated a little more intensely, so that the panic was further released and consumed their energy......

There is news that it is much more labor-saving to cooperate with shorting (suppression) than to go long (pull up), not to mention that as long as we concentrate on attacking Hengdian Energy, it will cause the collective decline of the five stocks of the Shen system, and they want to stop falling and stabilize, as long as they consume several times the capital...... Shan Yuan said proudly beside him.