Chapter 337: Angry Wu Junhui

Lan Qiyun's control plate level indeed improved a lot. When she first entered the market, she pushed Xingcheng Heavy Industry's stock price to the limit-up price of twenty yuan two mao. The next day's opening directly smashed to the limit-down price of eighteen yuan one mao eight.

Just when stock investors were choosing to lie flat, she in the closing session again raised the stock price to eighteen yuan three mao one. It happened to be five fen lower than the previous day's opening price.

Then, starting from the third day, Xingcheng Heavy Industry's stock maintained a sideways trend. Each time at closing, it happened to be five fen lower than the previous day.

This situation made forum investors very uneasy, all speculating whether Xingcheng Heavy Industry had some problem. After all, the company's recently announced financial report clearly showed a profit, yet the stock price did not rise but fell.

"Folks, Xingcheng Heavy Industry's financial report won't be fake, right? I don't expect it to have consecutive limit-ups like during the restructuring period; a small increase would be acceptable. Now it's fine, one limit-up one limit-down, our stocks actually depreciated."

"Brothers upstairs, look at the Dragon and Tiger List! This is obviously the hot money of Xingcheng Securities controlling the plate, deliberately tricking us into handing over chips. Everyone definitely don't be fooled!"

"Upstairs, the hot money of Xingcheng Securities in total only has one hundred thousand lots of chips. If Xingcheng Heavy Industry's performance were normal, the other capital here would have already pushed the stock price up; where would there be a chance for Xingcheng Securities' hot money to pick up the bottom?"

"Everyone, a high-position sideways trend will definitely fall. Compared to before the restructuring, Xingcheng Heavy Industry's stock price has already tripled; sooner or later it needs adjustment. Everyone had better run away early!"

"What the upstairs said is correct; if the stock price falls back to six yuan again, we estimate we'll be stuck for a lifetime."

Stock investors exchanged words and finally reached a consensus to run away and hedge.

Thus, Xingcheng Heavy Industry's stock directly hit the limit-down on the fifth trading day.

Angry Wu Junhui, in the Provincial State-owned Enterprise Reform Group office, in front of Liu Jianghua and Huo Yunyan, directly started to berate Chen Yang.

"Chen kid, we agreed not to play dirty, to compete fairly. You kid quickly found someone to play dirty, deliberately suppressing Xingcheng Heavy Industry's stock price. This is too shameless!"

"Director Wu, why are you so angry at me? These days I've been in the office discussing provincial automobile reform with Comrade Pan Ruoyun, I haven't operated any stocks, so how could I suppress your company's stock price?"

"Director Wu, I and Comrade Chen Yang are almost inseparable during the day. I can attest he hasn't paid attention to the stock market."

"I've already checked, Xingcheng Heavy Industry's stock price was dragged down by Xinghui Financial Investment Company. Chen kid, dare you say you have no relation with Xinghui Financial Investment Company?"

"I am indeed a shareholder of Xinghui Financial Investment Company, but I really haven't paid attention to the stock market recently, nor have I asked Xinghui Financial Investment Company's colleagues to suppress Xingcheng Heavy Industry's stock price. Director Wu, I think there's definitely a misunderstanding."

"Misunderstanding?" Wu Junhui said through gritted teeth: "The day before yesterday I made a bet with you, Xinghui Financial Investment Company bought Xingcheng Heavy Industry's stock the next day, and then each day lowered the stock price by five fen, causing investors to panic and collectively sell off the company's stock. Now the stock price has hit limit-down."

"Director Wu, if Xinghui Financial Investment Company merely lowered the stock price by five fen, you could completely pull back this five fen difference yourselves, right?"

Even if you issued a notice to stabilize investors' sentiment, it wouldn't cause panic.

Or perhaps, Director Wu, you've been too absorbed in the reform group's work, neglecting your own company's business?

If that's the case, I only have deep respect for Director Wu's spirit of sacrifice!

Wu Junhui's blood surged with anger, he almost wanted to punch Chen Yang directly. After a while, he finally managed to control his emotions. Then he turned to Liu Jianghua and Huo Yunyan and said: "Governor Liu, Director Huo, you guys need to judge fairly for me!"

"Old Wu, in this group you're also considered an elder senior. To make a big fuss over juniors without evidence, what propriety is that!"

Wu Junhui then realized he had been overly impulsive. The boss of this office is ultimately Liu Jianghua. He went to find Chen Yang to accuse him without obtaining the other party's permission, which was somewhat overstepping.

"Governor Liu, sorry, I was just a bit impulsive earlier. But Chen Yang playing conspiracies behind the scenes is also a fact!"

"If Xinghui Financial Investment Company is maliciously short-selling your company's stock, you can file a complaint with the securities regulator. As for whether Chen Yang has made small moves, my and Director Huo's eyes are not blind."

Wu Junhui, upon hearing, felt wronged in his heart. But seeing Liu Jianghua's angry face, he didn't dare say anything more.

"Governor Liu, I'll later communicate with General Manager Ye. If they indeed have short-selling behavior toward Xingcheng Heavy Industry, I'll accept the penalty they deserve. Even if they have no short-selling behavior, I will immediately demand they sell their held Xingcheng Heavy Industry stock. To avoid Director Wu continuing to misunderstand."

"Chen Yang, our company's stock price has already hit limit-down, are you still going to rub salt in the wound?"

"Director Wu, you think Xinghui Financial Investment Company is causing trouble, now I let them leave, yet you're not happy. This puts me in a difficult position."

"If you withdraw now, investors will only become more panicked. Possibly even cause several more limit-down boards. Do you think this is appropriate?"

"Since you won't let Xinghui Financial Investment Company withdraw. If later any new changes occur, you can't blame me again! I've been busy lately, really no time to argue with you."

Wu Junhui was so angry he felt like vomiting blood, yet he couldn't do anything about Chen Yang. So he only could temporarily ask leave from Liu Jianghua: "Governor Liu, Director Huo, I now need to return to the company for a trip; the reform group's work may need to be temporarily set aside."

"Fine, go back first to stabilize the situation!" Liu Jianghua didn't want the reform group's work atmosphere to be affected, directly approved Wu Junhui's leave.

Wu Junhui saw that Liu Jianghua showed no intention to retain him, so he could only leave silently.

Not long after Wu Junhui left, Chen Yang was singled out called to Liu Jianghua's office.

"Chen Yang, you kid are not righteous! We agreed on fair competition, how can you play dirty behind the scenes."

"Governor Liu, Director Wu is determined to ruin my livelihood. If I do nothing, I'd just wait to die, which is too miserable. Moreover, my friend's purchase of Xingcheng Heavy Industry's stock is merely normal stock trading behavior. This doesn't violate my agreement with him, right?"