Chapter 144: Taking Over Xinfei Technology

Lin Wei worked late into the night before sleeping, and as soon as it was light she went out again.

Chen Yang couldn't quite understand his own wife; with Lin Jianguo as a big tree shading her, she wasn't lacking promotion opportunities. And his assets were enough for both families to live worry-free for a lifetime. Was it really necessary to struggle so hard?

I advised her several times, but she wouldn't listen. I also got tired of advising.

After eating breakfast alone, Chen Yang opened his computer and continued to watch the stock market.

He glanced at the news about Xingcheng Heavy Industry and Yuncheng Bio; there was no major positive news.

But during the pre-auction bidding phase of Yuncheng Bio's opening, someone directly placed a sell order for one million shares at 21.5 each. This left Chen Yang puzzled.

Such a large sell order must be Zhuo Wenyuan and his crew. Following their usual pattern, they should first pump up the price then dump. Today they completely broke the pattern.

Chen Yang thought, could he be worried that I'd run away early, wanting to get a step ahead?

If that's the case, it's really disappointing. Following me to eat, yet wanting to stab me in the back?

Chen Yang thought a bit: at this moment, if he competed with Zhuo Wenyuan on price, Yuncheng Bio would plummet at opening; then he'd also suffer a loss. Better to wait for them to run first, then observe. If no one props up the price, he'll just leave it idle for a while; otherwise, he'll slowly unload.

Chen Yang only held 500,000 shares of Yuncheng Bio, with a cost of only nine million. He wasn't in a hurry at all.

He also looked at Xingcheng Heavy Industry; there were also large sell orders placed. It seemed they too had capital ready to dump.

Both stocks opened low at the same time—this is gearing up for a black Friday!

Chen Yang calculated: Yuncheng Bio's stock price is 21.54, so the limit-down price is 19.39. Xingcheng Heavy Industry's stock price is 19.5, so its limit-down price is 17.55.

Thus he used his Xingcheng Securities account to place a buy order for one million shares of Xingcheng Heavy Industry at its limit-down price and another buy order for one million shares of Yuncheng Bio at its limit-down price.

You guys want to suppress the price to dump; then I'll just scoop the bottom. Anyway I have orders in place, I'm not afraid of a loss.

After placing the buy orders, Chen Yang checked Xinfei Technology's stock trend. Not looking, one wouldn't know; upon looking, he was shocked. The previous four days had actually four consecutive limit-downs, the price had already fallen to 13.78. And today it was opening low again.

Wang Yichen that guy is still detained in the detention center; if he knew this result, he'd probably vomit blood and die on the spot.

Of course, if he remained hidden and inactive, after getting out of prison he might yet make a comeback. After all, these years are the fastest-developing stage for electronic products. Xinfei Technology is ultimately a listed company; as long as it improves its production techniques, it will sooner or later get good orders.

Chen Yang certainly didn't want Wang Yichen to turn things around. Having a formidable enemy constantly watching for revenge is not good. So he called Qi Yunxiang.

"Qi Zong, may I ask, is anyone acting as agent for Wang Yichen's stock?"

"Yes, there is……" Qi Yunxiang on the other end sighed, lowered his voice: "His wife's family took over on Monday. But you can see the market these days—it's simply a freefall. They're unwilling to spend money to prop up the price, only wanting to cash out. In these four days they've sold only 500,000 shares. There are still 3 million shares left."

Chen Yang calculated: the limit-down price of 13.78 is 12.4. For 3 million shares, excluding fees, the cost would be 37.2 million. Taking it over at this price is also quite a bargain.

Thus he first placed a buy order for 500,000 shares of Xinfei Technology at its limit-down price. He wanted to see the reaction of Wang Yichen's wife's family. If they were willing to sell, he'd keep buying; if not, he'd leave the order hanging to tantalize them.

As soon as Chen Yang placed the order, Qi Yunxiang's side reacted: "Chen Zong, do you want to take it?"

Chen Yang didn't answer, but instead asked back: "Qi Zong, does your company want to take it? If so, I'll withdraw."

"Don't withdraw……" Qi Yunxiang hurriedly said: "You'd better take them all. I've been annoyed to death by those people these days."

Chen Yang laughed: "Xinfei Technology has fallen so much; even if your company takes it, you won't lose!"

Qi Yunxiang sighed: "The reasoning is sound, but we really dare not take it. Once we do, they'll surely think the company is deliberately cheating customers out of their money. Once that gets out, who would dare to invest with us in the future..."

"Then I'll take a bit." Chen Yang also reminded Qi Yunxiang: "You must not tell them it's me who took it!"

Qi Yunxiang immediately assured: "Chen Zong, rest assured, I won't bring trouble upon myself."

Chen Yang happily hung up. After a while, he saw someone place a sell order for 500,000 shares of Xinfei Technology at its limit-down price. Then his account quickly gained 500,000 shares of Xinfei Technology.

Chen Yang didn't rush to place another buy order. At this moment, if he appeared too eager, the other side would hesitate. Since the bait has already been cast, it's better to wait for them to bite on their own.

After about half an hour, they indeed couldn't hold out. They actively placed a sell order for 500,000 shares at the limit-down price. Chen Yang immediately took it. After taking it, he continued to stay still. This back-and-forth continued until the morning close, and the 3 million shares were smoothly transferred.

Even without calling Qi Yunxiang to ask, Chen Yang knew that Wang Yichen's wife's family were cursing furiously.

But he also couldn't be bothered to manage it. After all, he didn't know Xinfei Technology's bottom line. The only thing he could be certain of was that this stock had no ST designation; it had survived even before his rebirth.

After the stock trading ended, Chen Yang received another call from Qi Yunxiang: "Chen Zong, thank you for helping me settle a big trouble. If anything comes up, just speak up."

Chen Yang laughed: "As long as you don't sell, that's fine."

Qi Yunxiang immediately assured: "Chen Zong, rest assured, our company respects client privacy the most."

Chen Yang certainly didn't believe his nonsense. As long as Qi Yunxiang doesn't follow Zhuo Wenyuan's example, he'll be quite satisfied.

After finishing talking with Qi Yunxiang, Lin Wei suddenly returned. Upon entering she shouted that she was hungry, telling Chen Yang to hurry up and cook for her.

Chen Yang immediately went to the kitchen to get busy. Lin Wei took a bottle of coconut juice from the fridge, and while drinking she told Chen Yang: "The boss asked me to tell you that for that 18 million investment, the government will give your company a 25% subsidy. Once the vegetable greenhouse project is completed, you can arrange people to file the report."

"Really? Then remember to thank her for me." Chen Yang, hearing he could save another 4.5 million, also felt quite happy.

"No need." Lin Wei smiled: "The boss's meaning is that we should thank you instead. She even wants to treat you to a meal!"

"Thanks for her kindness, but I'll skip the meal." Chen Yang hastily refused. Every time he sees Xu Li, his burden increases a bit. From the agricultural products trading company to Red Star Food Processing Factory, and now to the vegetable greenhouse pilot base, a person who was originally idle has been forced into becoming a busy person.