Chapter 36 The Stock Market

With a plop, the old man, who had just been eating at the dining table, suddenly collapsed to the ground, convulsing all over. Pen & Fun & Pavilion www.biquge.info

"Mom, what's wrong with you, call 120!"

In a township house in Donglu Province, the above thrilling scene occurred.

Soon, similar cases occurred in nearby cities, and ambulances rushed to various towns and villages from time to time to rescue. Not long after, the first person who died after rescue failed, and many residents in the jurisdiction showed obvious symptoms of poisoning such as nausea, diarrhea, and vomiting.

After investigation, under the joint guidance of the provincial health department, the root cause of the disease was quickly found - "Chunsheng" brand edible oil. This is a well-known local brand, which has just been acquired by Yinguang Group, and is one of the cooking oils that are commonly available to locals.

Despite the government's all-out investigation, the TV and radio neighborhood committees vigorously publicized the cessation of consumption, and organized manpower to recall the same batch of edible oil, the storm still led to a major food safety and sanitation accident in which three people died and nearly 4,000 people were poisoned to varying degrees, and nearly 800 people are still lying in the hospital for treatment.

Such a big liability accident, not only domestic but also foreign media have focused on Donglu Province, which has been completely closed by the government "Chunsheng" brand edible oil factory A large number of media reporters gathered in front of the door.

Wang Hongyi, the head of Yinguang Group, is hospitalized, and now it is the old man Wang Yaoting who is in charge of the operation of the whole group. Originally, I wanted to suppress this matter through relationships, but the matter was too big, and the Hong Kong media broke out first, and the major media also followed up.

"Chunsheng" brand edible oil has been required by the government to be removed from the shelves for inspection, and the public security department has intervened to investigate what caused the major accident.

Although Yinguang Group focuses on "Yinguang" brand edible oil, when the media reports on the "Chunsheng" edible oil incident, it will always be mentioned that it is the brand of Yinguang Group that has caused the accident. So soon the "Yinguang" brand edible oil in the shopping mall people did not dare to touch, and the products began to appear large-scale unsalable, even if the company repeatedly clarified that the two are independent brands, and even a large promotion was to no avail.

At the same time, the share price of the Hong Kong-listed blue-chip "Yinguang International" began to fall sharply, losing 32% of its market value in just two days, and retail investors sold their holdings sharply in panic.

Yin Guang Group, led by Wang Yaoting, bowed and apologized in front of many media, and promised to fully bear the medical expenses of all the citizens affected in the turmoil, and fully cooperate with the police to investigate the truth of the accident. Although the safety and reliability report of the test results of the "Yinguang" brand edible oil issued by a third party was presented on the spot, the entire company's products could not be sold, and there were signs of large losses in operation.

Wang Hongyi just suffered a car accident, and the company fell into a fatal business crisis, and the Wang family, which was originally deep-rooted, was crumbling for a while.

"What's the panic, the sky hasn't fallen yet, just do what you have to do!"

The maid at home has been restless for the past two days, and broke two cups in a row, and the old man Wang Yaoting was so angry that he spoke in public.

Wang Yaxuan was also very anxious at the moment, she hated that she hadn't participated in the company's operation and management earlier, but now she was anxious but she couldn't do anything.

The most important thing now is to deal with this public relations crisis and restore public confidence in the products of Yinguang Group as soon as possible.

To this end, Yinguang Group has hired a top domestic public relations company to help intervene, and strive to avoid further damage to the company's image and restore the company's credibility in a timely manner.

The premise of all this is that the safety accident caused by the "Chunsheng" brand of edible oil has come to light, and now all parties have to wait for the conclusion of the police investigation.

The preliminary result is that a certain batch of edible oil of "Chunsheng" brand was mixed with industrial oil that has strong damage to the human body, and the unqualified products successfully passed the inspection and flowed to the dining tables of the citizens on the market.

Looking at the factory records, there has never been a record of industrial oil procurement, and I don't know how it was mixed into the raw material warehouse. There is also the question of why the factory inspectors failed to detect the problem with this batch of oil, and whether it involved a crime of malfeasance, which is still under investigation.

The police investigation cannot progress so quickly, the stock price of "Yinguang International" on the Hong Kong stock market is still diving, and the institutions that were originally on the sidelines are also participating in the wave of sell-off at this time.

Mr. Wang began to use the company's cash to buy back shares, but it was a drop in the bucket, and the company's recent expansion has taken up a lot of cash, and now the stock market has plummeted, and the assets in his hands have depreciated even more. There are obviously institutions in the market that are shorting "Yinguang International", and as long as the "Chunsheng" case is not concluded for a day, favorable conditions for shorting will exist.

The plan to sell the company's assets to raise cash was strongly opposed by the board of directors because it was not in the interests of other shareholders, and the shareholders of the Wang family unanimously rejected the proposal.

The whole ship was about to sink, and they had to calculate the broken copper and iron on the ship, Wang Yaoting was almost so angry that he was admitted to the hospital.

At the same time, it was confirmed that shareholders of the Wang family's internal companies had begun to sell their shares, and they had sold quite a few shares at high levels.

Major shareholders are not optimistic about the stock price, and their judgment of the market form has become even worse.

The stock price is plummeting, and the stocks in the hands are becoming more and more worthless, and "Yinguang International" must save itself and stabilize the stock price, otherwise it will either collapse internally or be eaten by outsiders.

Qin Ran has been paying attention to Wang Yaxuan's dynamics, and he knew about it as soon as something happened to Yinguang Group.

First a car accident, then a food accident, and the suspicion of conspiracy theories has been hovering over his head.

The stock price of "Yinguang International" has plunged, and he also knows that according to the consistent high-quality performance of Yinguang Group, even if there is a safety accident, the stock price will not dive to this point, and someone must be maliciously suppressing the stock price.

Why?

At this time, Sun Jingui, the CFO of the group, reported to him that through the relationship, he had indeed found that someone was secretly buying the shares of "Yinguang International".

It seems that someone is going to attack Wang Yaxuan's family behind his back!

Such an act, of course, Qin Ran will not ignore it, the praying mantis catches the cicada and the yellow finch is behind, he is the yellow finch that stays out of the matter.

The shareholders of the Wang family, who sold their shares, knew that the stock price would be suppressed, so they did not hesitate to sell their shares on a large scale, intending to buy them back at a relatively low point and make a large difference in price.

Qin Ran began to sell the assets in his personal name and began to cash out, he emptied all the shares of the 4S store, recovered 260 million yuan, and sold 40% of the shares he held in Sesame Open Door to SoftBank Group, making a profit of 60 million US dollars, and the shareholding ratio in the company fell to 15.7%; Secured the Golden Turtle Island Tourism Company and obtained a loan of $30 million.

All these cashed out assets were handed over to Sun Jingui to help buy the shares thrown by "Yinguang International" in batches in Hong Kong stocks.

Wang Yaoting planned to make a desperate bet, use the equity of "Yinguang International" in his hand as collateral, get a large amount of cash from the bank, and then start to eat the stocks that have fallen all the way. At the same time, the seller's personal assets were cashed out, and even the mansion he lives in now was mortgaged, just to save enough cash reserves to fight a stock price defense war. Because in his opinion, the current stock price is far lower than the real value of the company, and now is still a good opportunity to expand the equity, if the war is successful, it will get rid of the constraints of the Wang family's equity and become a major shareholder in the real sense.

The biggest risk for him is that if the stock price of "Yinguang International" continues to fall by 10%, the bank will need to call on its margin, and if the floating loss exceeds 20%, the bank will force the bank to liquidate its mortgage shares. Unless he can find a large sum of money to pay back to the bank in time, but when the stock market continues to fall by 20%, does the Wang family still have extra money?

"Lao Wang is still so adventurous when he is old, just like when he was young."

The old man of the Xie family said after hearing that his subordinates reported that the Wang family had pledged all the shares they held.

"From this point of view, the Wang family can't escape this catastrophe this time, but it's a pity for Yaxuan."

Xie Xinhong, who was on the side, said after looking at the information in his hand.

"Brothers' walls, no matter how strong the fortress is, are breached from within, from ancient times to the present day. Even if we don't do it, someone else will do it. The flaws left by Wang Yaoting at the beginning are now finally reaping the consequences. It's a good thing for the Wang family that we entered, at least there is still incense, but it just hurts Yaxuan, a smart child. If you are still interested in it, Grandpa is happy to contribute to the good things of both of you. ”

The Xie family from Thailand is already lurking behind them, guarding them like a poisonous snake, ready to enter the market and swallow Wang Yaxuan's property.

Why can the people of the Wang family have such confidence to suppress the stock price, because there is a big wealthy Xie family standing behind it, and it is reported that the Xie family has allocated nearly 10 billion Hong Kong dollars of funds to cooperate.

At that time, the people of the Wang family will gain control of "Yinguang International", and the Xie family will replace the interests of Wang Yaxuan's family and become the largest shareholder, a win-win interface. As for the only one who loses, Wang Yaxuan's family, the company's stock price continues to be suppressed and falls, they will have to use the only remaining funds to make up for the position, and in the end they still can't change the fate of the stock price continuing to fall, the mortgaged equity was forcibly closed by the bank, and they owed a large amount of debt to the bank and had to go bankrupt.

If Wang Yaoting doesn't gamble, honestly keeps his shares, and doesn't compete in the stock market, then the emaciated camel is bigger than the horse, and the Wang family will live well, so as not to fall into bankruptcy, and it is more than enough to be a rich man.

Wang Yaoting united some of his old friends to go long, and the Wang family and the Xie family sold short on the "Yinguang International", and the long and short sides fought fiercely in the stock market, and the funds counted in millions were put into the battlefield ruthlessly strangled, and billions of funds were wiped out of thin air, and both sides would not retreat lightly until the other party collapsed.

How much the stock of "Yinguang International" rises, how much will be knocked down in an instant, the two sides repeatedly compete in a range, the stock price does not seem to see how much fluctuation, but the funds of both sides are constantly decreasing, and it depends on who prepares more bullets until now.

In the end, Wang Yaoting's long funds began to be stretched, and the stock price was suppressed by a large margin, facing a critical juncture of falling below 10% to add margin to the bank.

"What should I do?"

If the abandoned son admits defeat at this time, he can still keep his underwear and slow down. If margin calls continue, there will be a greater funding gap for long positions in the stock market, and the future will be bleak.

"Margin call, I'll solve it in terms of funds."

Wang Yaoting ordered categorically. (To be continued.) )