Chapter 374

"Old Wu, I really don't know what to say about you, as the chairman of a listed company, why are you quarreling with a kid?" "Even if he made money by hyping the company's stock, that's his ability."

"Just to give him a hard time, you threw away your own job. What's the point?"

"Old Zhou, I'm already like this, don't keep rubbing salt in my wound. That brat not only made me lose my chairman position, but he also went to the stock forum to mock me. I really can't swallow this anger."

"We've been old friends for decades, and I've never asked you for anything before. This time I just hope you can step forward and give him a lesson. Just say whether you'll help or not."

"Old Wu, even if I help you vent this anger, I can't get back your chairman position! Moreover, everyone in the Dongjiangsheng official circles knows that kid is the son-in-law of Old Hu's granddaughter. I really don't want to invite bad luck."

"Old Zhou, what are you afraid of? Old Hu has been retired for years, and many of his old followers have already switched sides. Trying to move against you is probably not that easy anymore."

"Old Wu, officialdom isn't as simple as you say. Many officials went to the Hu family to pay New Year's respects this spring, indicating there will definitely be big moves later. Provoking them now, you might not even know how you die."

"..."

"Old Zhou, after decades of our relationship, are you just going to watch me get bullied by a youngster?"

"Hey, if you really want to vent this anger, I can help you teach him a lesson. But I will only act once. If this action doesn't affect him, you can't blame me."

"Fine! Then I'll wait for your good news!"

"The next morning, Chen Yang was still sleeping in the villa when Yexin's call came in urgently."

"Chen Yang, you little brat, did you provoke someone?"

"No way! What happened?"

"The CEO of China Securities just called me, saying a big client placed many overnight orders at the limit-down price for Xingcheng Heavy Industry's stock last night. He thought the other party was targeting me, so he deliberately leaked the information."

"Can you find out who placed them?"

"It's already good that they gave me this tip; do you still want all the data? Then would they still be able to operate in Xingcheng?"

"Alright! I know what to do."

"After hanging up, Chen Yang fell into deep thought."

"At this moment, someone suddenly jumped out to suppress Xingcheng Heavy Industry's stock price, and it's very likely related to Wu Junhui."

"The problem is, Wu Junhui is only the former chairman of Xingcheng Heavy Industry and doesn't hold any of its stock. He wants to take revenge on me, but he has no leverage."

"So who could this person be who made the move?"

"The current share price of Xingcheng Heavy Industry is twenty yuan and five jiao, already at a historical high. If the other party is an original shareholder of Xingcheng Heavy Industry, their cost of holding the shares must be very low—possibly just a few yuan."

"In this situation, if we go head-to-head, Chen Yang will only suffer a loss."

"Thinking of this, Chen Yang immediately called Qi Yunxiang."

"Manager Qi, I've received news that a large capital is preparing to ambush us. Today Xingcheng Heavy Industry's stock is likely to hit the limit-down at opening; let's run if we can!"

"Manager Chen, who the hell is such a damn fool to mess with money?"

"Hey, I just don't know who it is, feeling uncertain, so I told you to run."

"Fine, let's run then!"

"Qi Yunxiang was also decisive: cut losses when needed, no hesitation."

"Moreover, he also believes that any loss this time, Chen Yang will make up for it in other stocks."

"After they agreed, they began preparing for the retreat."

Qi Yunxiang called several familiar financial writers separately to prevent the retreat from being blocked, asking them to release the news that internal shareholders of Xingcheng Heavy Industry intended to reduce their holdings.

As a result, the stock forum of Xingcheng Heavy Industry immediately exploded.

"Damn it, what is the board of Xingcheng Heavy Industry up to? Shareholders reducing holdings without filing an announcement fifteen trading days ahead? Believe it or not, I'll go file a complaint with the securities regulator!"

"I think there's definitely something wrong inside Xingcheng Heavy Industry. The chairman was just removed, and the major shareholder wants to reduce holdings. If we don't get out today, we could easily get trapped."

"Xingcheng Heavy Industry's stock price has already tripled, so it's normal for the major shareholder to want to make off with the money. But trying to run away on our shoulders? No way!"

"Folks, since this stock is bound to crash, let's not hesitate—let's sell right after the market opens. If Xingcheng Heavy Industry's major shareholder really runs first, we'll call to complain!"

"Holy shit, it's already too late—just as the call auction opened, it hit the daily limit down! Brothers, let's all call the securities regulator to complain!"

At the same time, Huo Yunyan, director of the State-owned Assets Supervision and Administration Commission, had also received the news. She immediately called the current person in charge of Xingcheng Heavy Industry.

"Old Li, hurry up and check who in the board is reducing their shares!"

"Director Huo, I've already asked. It's Vice President Zhou preparing to cash out some circulating shares for urgent use. The proportion is small and won't cause much market fluctuation."

"The securities regulator has been calling to demand explanations, and you're telling me there won't be any fluctuation?"

"Director Huo, don't rush, I've already had him withdraw the sell order."

"His matter, I'll handle it later. You now hurry to issue a statement in the board's name to clarify things. Also, have the PR department suppress those negative reports. Strive to stabilize investors' emotions as quickly as possible. If we let the situation continue to ferment, neither of us can escape responsibility."

"Okay, I'll get on it right away!"

After hanging up, Qi Yunxiang called Chen Yang again.

"Chen Yang, regardless of whether the news was released by you, it's best not to sell your shares today."

"Director Huo, the stock has hit the daily limit down—I can't get out even if I want to!"

"Cut the nonsense; as long as you don't move with Xingcheng Securities, I'll settle the rest."

"Fine! Then I'll wait until tomorrow to sell!"

"No way; before Xingcheng Heavy Industry's shareholder sentiment stabilizes, you can't move your shares. Otherwise, I'll hold you responsible for that little essay."

"Director Huo, I swear on my conscience, I really didn't post that little essay."

"Cut the crap! If you don't want Vice Governor Liu to lose his temper, just do as I say."

"Alright!"

Chen Yang saw Huo Yunyan dragging Liu Jianghua into the matter, so he could only compromise.

However, this also confirmed his suspicion: Xingcheng Heavy Industry definitely had a major shareholder illegally reducing holdings.

The other party chose to act when Chen Yang entered the scene, claiming it had nothing to do with Wu Junhui—something no one would believe even if beaten to death.

If it weren't for Qi Yunxiang's little essay, Chen Yang would have wanted to withdraw completely today, but he would have lost at least several million.

However, this little essay also gave Chen Yang a headache, because the news was released by the CEO of the China Securities Xingcheng Branch, and now that it's public, the other side will surely retaliate; he has effectively betrayed his allies indirectly...