Chapter 177: Crushing Momentum
The He family and the other three families didn't know who they had provoked at all.
The Xu's Group, which has a market value of nearly 30 billion yuan, was directly beaten down by 90 percent, and this is what happened on the Xiangjiang Stock Exchange. It's a pity that the East Asia Mingyu Group used a vest number at that time, but if the four families knew it, they would never dare to touch it, it was not touching porcelain or looking for death.
Si Mingyu arranged for people from Dongya Mingyu Asset Management Company to enter the market and launch a sniper operation against the stocks of the four companies, not to mention that they would suffer a lot of losses if they were delisted.
The combined market value of the four companies is only more than 16 billion Hong Kong dollars, and Si Mingyu directly lent 15 billion Hong Kong dollars to the asset management company from the trust bank.
For President David Lu, Si Mingyu asked him for a loan to give him face.
As far as he knows, the other party's net worth is close to 140 billion Chinese dollars, and the foreign debt is less than 19 billion, and the LNG ships under his name are frantically harvesting with a profit of 1.4 billion yuan per month.
It's not an exaggeration at all, it was okay when Si Mingyu's reputation was not obvious before, and in the past six months, the heads of the branches of various banks in Modu have been trying their best to contact him, hoping to provide him with financial services.
East Asia Mingyu Group is a private company, as long as Si Mingyu nods, the matter will be done. It is much easier for banks to deal with one person than it is to deal with companies with many partners, boards of directors and other personnel who need to hold meetings and negotiate.
As for the shareholders of China Merchants Bank? It doesn't matter, we can also offer any conditions that China Merchants Bank can offer, and you are welcome to buy our bank's shares if you want to.
It's a bit of a stretch.
The media company was not idle, and all kinds of black materials about these four companies were turned out, and then the media and newspapers in Xiangjiang were contacted to expose it.
Of course, we will definitely not spread the irresponsible news, but just reprint the news that has been verified by various official or big media, no matter how long ago it is, as long as it is true.
To be honest, there are some problems in the history of these four families, but due to the long time span, one or two things occasionally broke out, and it passed quickly. But this time it's equivalent to making a collection of their previous problems and broadcasting it, which has a great impact.
In the morning, the tabloid newspaper published false news about Si Mingyu, and in the afternoon, the major media in Xiangjiang exposed the problems of the four, and at the same time, the stock market sniping against the four companies was also launched immediately, and the counterattack came so quickly.
Now it's the turn of the four to be anxious.
The news exposed is all true, and it is impossible for the four to accuse any media, saying that they are wrong to take out the events of a few years ago or even more than ten years ago and say it again.
In the eyes of Xiangjiang residents, this kind of big melon is more interesting than Si Mingyu's matter, after all, the former is a real matter related to the people of Xiangjiang, and the latter is just a nonsense talk.
What's more, many well-known commentators have also participated in it, commenting on these exposed things. It's a bit implicit to say that the comments are a bit implicit, because they are all things that have already been closed, in fact, these people just need to scold the four families according to the results.
You have been dealt with if you don't do things well, what happened to me as a Xiangjiang person and scolded the capitalists? With this heat, these commentators have gained a lot of attention.
Of course, no matter how you say these things, they are all in the past, and the punishment that should be dealt with for the four families has been dealt with, and the effect of turning it out now is not very great.
However, the sniping of the four companies in the stock market, coupled with the amplification of these news, caused their stock prices to fluctuate dramatically. Fortunately, because it was only half a day, it was barely able to sustain it.
These four are not stupid, even if you guess, you can guess who made these things, but the question is what can you do if you guess and there is no evidence?
Take 10,000 steps back and say even if there is evidence? Neither the behavior of the stock market nor the act of breaking the news violates any of the regulations, so you can only hold on.
But in fact, it couldn't stand it at all, and the stock price plummeted as soon as the market opened the next day, and the four had no means to save it.
Take the He family as an example, if the company's market value is still 5 billion, when the market value of the company is still 5 billion, 40% of the shares they hold are worth 2 billion. But how much the stock falls, the value of the He family will shrink, and if it is about real estate and other assets, the entire He family will not add up to more than 300 million.
Under normal circumstances, midstream companies like them are very safe, small institutions cannot do anything that affects their stock price because of financial problems, and large institutions and large tour capital do not look down on their money.
If you have billions of funds in your hands or have the ability to raise this amount, there is no need to enter the stock market to target listed companies of this grade, because in the end, it will take time and effort and you will not make much money.
Just like the He family, they want to save the stock price but can't do it, in fact, after hundreds of millions of short orders are hung up, the He family has no means to deal with it.
There is no way to raise money, and the banks have already received the news, who would be stupid enough to lend money to anyone who must not be able to pay it back?
Borrow money? I'm sorry, your He family will pay back the money He Yaocheng owes first.
So He Maochang could only watch the stock price plummet.
The same is true for the other three, or it can be better than the He family, and it can raise some money to save it, but it is just a postponement of the time of death.
An Jia, who is engaged in the financial industry, is considered to have the most liquid capital in the hands of the four, and An Guangtian saw that the stock price was still irretrievable after investing hundreds of millions, so he simply gave up treatment.
In the final analysis, the money invested by Si Mingyu is too huge, and although it is a waste to use a knife to kill chickens, it is undeniable that the effect is also very significant.
The four families who had no power to fight back could only admit defeat and beg for mercy now, but they found that they couldn't contact Si Mingyu.
That's right, in order to avoid unnecessary trouble, Si Mingyu changed a hotel, and his contact information was only available to Chen Weirong, David Lu and a few others, how could He Maochang and others have such a big face and let these people tell them their contact information.
But after all, it is the head snake in Xiangjiang, if you go to check, you can still find the hotel where Si Mingyu stays, and there are so many five-star hotels in Xiangjiang. But this also takes time, and if you delay for one more minute, the stock price will fall one more piece, and even if you save it, it will be a heavy loss.
On the other hand, for the East Asia Mingyu Asset Management Company, which launched this sniping, the profit from winning them in the end was about 100 million Chinese dollars.
One is that the interest on the loan of 15 billion Hong Kong dollars is a lot, which has to be deducted from the income, and the other is that the four companies have invested hundreds of millions of extra money to save the stock price.
However, for Si Mingyu, he just wants to defeat these four companies, not to mention that there are still profits, even if he loses money, he doesn't care.