Chapter 246: Liang Kuang's Account Frozen

Chen Yang's released news, after fermenting overnight, finally produced a chemical reaction.

During Tuesday's call auction phase, shareholders dumped their Liu Clan Group shares. As soon as the market opened at 9:30, the stock hit the daily limit down.

This result caught Liang Kuang off guard.

"You surnamed Wu, what's going on?"

"Manager Liang, someone on the forum spread rumors that Xinghui Financial Investment Company was going to short Liu Clan Group. Shareholders feared being trapped, so this morning they collectively chose to flee." Wu Lin had already prepared a countermeasure, immediately pulling out the small account that posted on the forum to serve as a scapegoat.

"Xinghui Company hasn't even bought any Liu Clan Group shares—how could they be shorting them? Isn't it you who tipped them off?" Liang Kuang glared at Wu Lin, gritting his teeth, wishing he could punch him so hard his teeth would fly out. He had finally managed to transfer the money back to Xingcheng, intending it for a comeback, not to give these leeks a wedding dress.

Wu Lin put on a calm front and said: "Manager Liang, we're in the same boat now; if I betray you, what's in it for me?"

Liang Kuang thought it over and found it reasonable. Wu Lin would dare betray him only if he didn't care about his future. "I've lost over twenty million just today; how do you plan to take responsibility for this loss?"

Wu Lin nearly burst out laughing inside, but he said with difficulty: "Manager Liang, it's normal for the stock market to fall today and rise tomorrow. Why don't we hold off on selling and wait for the market to improve before acting?"

Liang Kuang rolled his eyes and snapped at Wu Lin: "Do I need to ask you if I have the patience to wait? Cut the crap—quickly use your company's money to push the stock price up!"

Wu Lin looked at the sell-side order book showing a seal of up to five hundred thousand lots, and said with difficulty: "Manager Liang, this is really hard for me to do. Not even mentioning raising the stock price, just opening the seal would require ten billion yuan. Such a huge flow of funds will definitely attract attention from headquarters. Once an investigation starts, I'll be punished—not to mention you'll be implicated as well."

Upon hearing that he too might be punished, Liang Kuang's attitude softened immediately. "What should we do? You have to come up with something useful."

Wu Lin thought and said: "Manager Liang, you have a good relationship with Liu Clan Group, right? Why not call Chairman Liu and have him issue a clarification? Once shareholders receive the clarification, they'll withdraw their sell orders, and market sentiment will gradually improve."

Liang Kuang immediately waved his hand: "That won't work; think of something else."

"Why?" Wu Lin actually knew some inside information, but pretended not to understand Liang Kuang.

Liang Kuang is also someone who cares about face, so he certainly wouldn't admit he'd already fallen out with Liu Clan Group; he made up an excuse: "I'm dating Chairman Liu's daughter; if the Liu family gets involved, the securities regulator might see it as a violation."

Wu Lin pretended to have an epiphany with an "Oh." Then he gave Liang Kuang a new idea: "Manager Liang, why not buy a bit more Liu Clan Group stock to lower your cost a little? Once shareholder sentiment stabilizes, I'll then give you a suitable boost to the stock price. That way, you'll get out of the trap faster."

"All my money is tied up in the stock market—I don't have any left to add to my position!" Liang Kuang snapped at Wu Lin: "You can use the company's money to buy some! The fewer the seal orders above, the lower the shareholders' bearish sentiment. Wouldn't that let me get out of the trap?"

Wu Lin feigned worry: "Manager Liang, given Liu Clan Group's current situation, there might even be another limit down tomorrow. Buying the dip now would definitely draw opposition from our colleagues. If I go ahead alone, they'd surely report it to headquarters. How would I explain it? I can't possibly say it's just to get you out of the trap."

Upon hearing that, Liang Kuang felt like slapping Wu Lin hard across the face twice. If he didn't want to help, he just didn't want to help—no need for excuses.

He was about to curse a few times to vent his anger when his phone rang. Seeing it was Liang Jianfeng calling, he hurriedly answered, startled.

"Uncle, what do you need from me?"

"Liang Kuang, you bastard! I had you move the money back for other purposes, yet you used it to suppress Liu Clan Group's stock. For a woman, you've completely disregarded the life and death of our Liang family!"

"Uncle, please calm down—I really didn't suppress Liu Clan Group's stock."

"Hmph, people have been calling me to complain, and you're still playing dumb?"

"Uncle, I really didn't. Someone posted false information on the forum, and I'm a victim too."

"You beast! Don't you know I kept that money for a purpose? You actually took it out to trade stocks again."

"Uncle, I was wrong. Please have Liu Clan Group issue a clarification quickly. Once the stock is out of the trap, I'll immediately transfer all the funds back."

"Hmph, you caused the trouble yourself—fix it. If I don't see the money within two days, I'll break your leg."

After Liang Jianfeng hung up, Liang Kuang's mood worsened. He grabbed Wu Lin's collar and shouted angrily: "Surname Wu, if you don't want me to expose your dirty deeds, hurry up and think of a solution!"

Wu Lin was startled by Liang Kuang's sudden fierce look, stammering: "Manager Liang, the only option now is to post a message on the forum, tricking shareholders into thinking Liu Clan Group will issue a clarification soon. That might get some of them to withdraw their sell orders."

Upon hearing that, Liang Kuang immediately told Wu Lin: "What are you standing around for? Hurry up and post the message!"

Under Liang Kuang's threat, Wu Lin had no choice but to comply.

However, just as Wu Lin's subordinate posted the message on the forum, Liu Clan Group also issued a statement, saying that its senior management had indeed recently faced some intimidation and threats and had already reported it to the police!

After this statement was released, the rumor that China Securities' speculative funds were going to short Liu Clan Group was confirmed.

And at present, among the speculative funds holding the most Liu Clan Group shares in the China Securities Xingcheng branch, only Liang Kuang is involved.

Once the relevant authorities investigate, Liang Kuang will become problematic even if he's innocent—especially since he had indeed previously said he wanted to short Liu Clan Group.

Thus, shareholders who received the news hurriedly withdrew their sell orders. Liu Clan Group's stock price began to rise gradually, eventually returning to twenty-two yuan.

Seeing that he had broken even, Liang Kuang immediately dumped all his shares. The stock price was instantly pressed down again.

The forum instantly erupted in a chorus of curses.

At the same time, Wu Lin's phone started ringing nonstop. Headquarters, the Dongjiangsheng Securities Regulatory Bureau, and the Xingcheng Public Security Bureau called in succession, ordering him to temporarily freeze the accounts of major traders who had dealt in Liu Clan Group stock today, pending further investigation by the relevant authorities.

Upon hearing that his own account was about to be frozen, Liang Kuang flew into a rage, slammed Wu Lin to the ground, and beat him badly. If security hadn't arrived in time, Wu Lin would already be lying in a hospital bed.