Chapter 166: Dongjiang Securities Fund Takes Over

At 8:30, Su Mingyue and Liu Qingqing also came over. Liu Qingqing had to go to Xingcheng University to register, so she just greeted Chen Yang and left.

Su Mingyue heard that Zhuo Wenyuan and his group wanted to push up the share price of Xingcheng Heavy Industry, while Chen Yang planned to withdraw from it, and she felt a bit reluctant.

Chen Yang understood Su Mingyue's feelings and also gave her an idea: "How about this: you sell one million shares, keep seven hundred thousand shares in there. Even if something changes later, you won't get trapped."

"Okay!" Su Mingyue also worried about putting all of Liu Shijie's funds in there; if something went wrong, it would be hard to explain. Selling one million shares would recover most of the cost, and her pressure would be much less.

After they finished discussing, they waited by the computer for the bidding.

Chen Yang originally wanted to call Yexin to give her a heads-up. After thinking for a while, he felt it was better to first trade some shares and then talk.

Considering that Zhuo Wenyuan had not informed Chen Yang of their plan, if they ran away early, they would have nothing to say.

However, the bidding at 9:15 did not show the direct upward trend Chen Yang had predicted. Instead, a large number of low-price sell orders were placed, suppressing the share price.

"Chen Yang, what's going on?" Su Mingyue started to feel nervous. She had been thinking of making two limit-up moves to sell, but she didn't expect it to open lower!

"Don't rush!" Chen Yang had studied Zhuo Wenyuan's stock-trading methods a bit. Taking a small profit and selling is not his style. "They are luring retail investors to sell. When they lock the limit, we will act."

Su Mingyue nodded, then stared intently at the rolling numbers on the computer screen.

It has to be said, Zhuo Wenyuan's move was very effective. As soon as his low-price sell orders were posted, many retail investors rushed to flee.

Finally, the stock neither opened higher nor lower; it opened at yesterday's closing price of 20.35.

However, in just ten minutes, the share price quickly rose to 22.39, and a seal order for two million shares was also placed.

In the stock forum, a torrent of curses erupted, all from the retail investors who had been washed out, scolding the capital for being inhumane.

Seeing the opportunity, Chen Yang immediately directed Su Mingyue to start operating. Each placed a sell order for one million shares at the highest price.

The shares were quickly traded, and Chen Yang's phone rang. It was Qi Yunxiang calling. As the president of Xingcheng Securities, he could immediately learn of any large transactions at his own company.

"Chen Yang, what's going on? Weren't we supposed to double the share price? Why did you leave first?"

"Double it? Who said that? I had no idea," Chen Yang replied, feigning complete ignorance.

"This was proposed by Chairman Zhuo at yesterday's gathering; didn't he tell you?" Qi Yunxiang rubbed his forehead, thinking Zhuo Wenyuan would have notified Chen Yang, and since he also had some matters at home, he didn't call Chen Yang to communicate. Now look, the flood has reached the Dragon King's temple.

"Chairman Zhuo didn't notify me!" Chen Yang said in surprise: "You guys have a big appetite, aiming for double the profit."

Qi Yunxiang didn't immediately grasp Chen Yang's meaning and cautiously asked: "President Chen, are you not optimistic?"

Chen Yang said: "I'm not pessimistic. I'm just used to short-term trading; suddenly having to wait a long time makes me uneasy. Why don't you handle it? I'll take a break for a while."

Qi Yunxiang immediately sensed the tone. "This isn't ignorance; you're clearly dissatisfied with our plan!" He said: "President Chen, are you unhappy with any part of our plan? Speak up, we can discuss it."

Chen Yang continued to play dumb: "What plan? I just returned to Xingcheng this morning. You have a plan and yet you forgot me, the initiator—how unfair!"

Qi Yunxiang burst into laughter mixed with tears. At this point, he couldn't tell whether Chen Yang was informed or not. He could only patiently repeat to Chen Yang the plan they had discussed with Zhuo Wenyuan the day before.

Meanwhile, during their call, the situation at Dongjiang Securities had turned into a chaotic mess. Yexin, Zhuo Wenyuan, Huang BaiMing, and Zhao Feiyang each took their phones and called Chen Yang one by one, but all got busy signals. Even calling Qi Yunxiang at Xingcheng Securities resulted in a busy signal.

"What's going on over at Xingcheng Securities? We locked the limit, they smashed it, and they still won't answer the phone!" Huang BaiMing's temper has been getting more volatile lately; he lashes out at the slightest inconvenience.

"Chairman Huang, don't rush; maybe they're just on the phone with each other." Zhuo Wenyuan sighed, thinking Shen Anna would relay their plan to Chen Yang, so he didn't need to contact Chen Yang personally. He didn't expect things to go wrong.

"President Yexin, you need to have a good talk with President Chen. We can't be playing along while he comes to sabotage the stage—are we still allies?" Huang BaiMing complained to Yexin, dissatisfied.

Yexin wasn't angry; instead, she countered: "Did any of you call Chen Yang to explain yesterday's plan?"

Huang BaiMing immediately shut up. This plan would hurt Chen Yang the most—how could he feel embarrassed to say it?

"I had some family matters yesterday that delayed me, so I forgot to tell him." Zhuo Wenyuan also found an excuse.

Yexin then looked at Zhao Feiyang, who also chuckled: "I thought President Yexin would tell him, so I didn't call."

Yexin gave them a glance and said: "You all just have no face to say it, huh?"

The big customer room fell into sudden silence.

Yexin looked at Zhuo Wenyuan and said: "If Chen Yang wants to withdraw, are you willing to take over his position?"

Zhuo Wenyuan thought and said: "We can take it over, but not at the limit price—that would be like we're all carrying him in a sedan chair."

Yexin said: "If he refuses, do you have any countermeasures?"

Zhuo Wenyuan frowned slightly. They had already taken in three million shares today. If they turned against Chen Yang now, they would be the ones to suffer.

Seeing he wasn't speaking, Yexin added: "Let me give you an idea. Use your company's fund to first take over Chen Yang's shares. When the share price rises, sell half of the fund's holdings. After we all withdraw, sell the remaining half."

Zhuo Wenyuan thought it over and felt the plan was also feasible. "Should we discuss it with President Qi?"

Yexin shook her head: "No need, just place the order. As long as the stock can be doubled in price, your company's fund won't suffer any loss."

Zhuo Wenyuan was a hundred percent unwilling inside, but he could only agree. Now he needs to maintain the trust of Yexin and these capitals. As long as he doubles the share price of Xingcheng Heavy Industry, all the capital in Xingcheng will be able to follow his orders.

Thinking of this, he couldn't help but feel his blood boil.

Meanwhile, Chen Yang was on the phone with Qi Yunxiang while accepting the seal order from Dongjiang Securities. Coincidentally, at ten o'clock he sold all his Xingcheng Heavy Industry shares. After deducting fees, he received 103,419,000 yuan.