Chapter 443: Shorting Shengfeng Group?

After returning to the hotel, Chen Yang again watched from the windowsill for a while, and only closed the curtains to rest after Xia Ye left on his 28‑inch bicycle.

He called Xia Ye today just to let him know in advance what kind of woman Wang Bingbing was; as for further contact, it was not suitable for the time being.

Although Xia Ye had the traits of a sycophant, he was also someone who cared about face. After this happened, if Chen Yang said he wanted to be friends with him, he would definitely be rejected outright.

So, he could only wait until there was an opportunity later to bring him into his own company.

However, things always come in succession. Just as Xia Ye's matter was settled, Zhu Zhu's side ran into trouble again.

"Chen Yang, sorry to disturb your rest!"

"It's fine; why are you calling so late?" Chen Yang had been lying in bed for less than two hours when the phone woke him up, putting him in a terrible mood. But seeing that the call was from Zhu Zhu, his anger immediately dissipated by half.

This woman never calls him proactively unless it's important. Her grandfather's company has recently been facing an economic crisis. Calling at this time, there's an eighty to ninety percent chance that Shengfeng Group has run into new problems.

"Chen Yang, I just received news that my grandfather's competitors have teamed up with several Asian financial sharks to short Shengfeng Group. To avoid suffering economic losses, you had better sell your shares early after the stock market opens tomorrow."

"That wouldn't be appropriate! If I sold my shares, wouldn't I be helping them short Shengfeng Group?"

"Their strength is formidable; even my grandfather isn't confident he can oppose them. You're kindly helping us stabilize the share price, but if you get dragged in, our whole family would feel uneasy. So I suggest you withdraw to hedge your risk."

Chen Yang thought for a moment and asked Zhu Zhu, "Miss Zhu, have your company's economic problems been resolved?"

"They have been resolved. But…" Zhu Zhu sighed and told Chen Yang, "This is only a temporary tide‑over of the crisis. If they maliciously suppress the share price, causing market panic, our customers will definitely be affected. Once a major client terminates cooperation, others will follow suit like a flood. In that case, Shengfeng Group certainly won't be able to withstand it."

"All right! Then I'll lay low tomorrow."

Chen Yang had already invested over seven hundred million Hong Kong dollars in Shengfeng Group's shares. His shareholding now stands at 7.47%, making him the company's fourth‑largest shareholder in name.

Meanwhile, Zhu Zhu's grandfather's family holds 51% of Shengfeng Group's shares, giving them absolute control.

At this point, if the other side wants to suppress Shengfeng Group's share price, they actually need to take on considerable risk.

Because Shengfeng Group, as long as it has enough funds to buy back its shares or finds a financially strong ally to take over their shares, their plan will not only fail but also inflict heavy economic losses on them.

Moreover, after Chen Yang bought Shengfeng Group's shares, his HSBC account still had over sixteen billion Hong Kong dollars, enough to outright purchase Shengfeng Group.

The reason he didn't lay it out plainly on the phone with Zhu Zhu was actually to maximize his own benefit.

If Shengfeng Group's competitors want to short it, then he will first drive the share price down.

After those people follow suit and sell their Shengfeng Group shares, he will launch a counter‑attack, snapping up all of their shares at low prices.

To give the opposition no chance to react, Chen Yang called Yexin, Lan Qiyun, Huang BaiMing, Zhao Feiyang, Qi Yunxiang, and Su Mingyue in turn.

These people all have HSBC accounts, and Yexin and Su Mingyue each control at least hundreds of millions of US dollars. Having them coordinate buying Shengfeng Group's shares leaves the opposition no chance to respond.

After dawn the next day, Chen Yang did not go with Hu Haiquan to handle the procedures for the ordinary people's commercial building project; instead, he went straight to the branch office.

Upon arriving at the office, Chen Yang specifically instructed Zhao Xiaoxiao and Luo Xue not to disturb him unless something important came up, then he logged into his own stock‑trading account.

Before the collective bidding session began, Chen Yang called Yexin, Lan Qiyun, and Su Mingyue in succession to confirm the buying‑point code with them.

Once the collective bidding started, Chen Yang immediately placed all of his shares for sale in batches.

Because the volume of shares being sold was too large, the price opened lower by five points, dropping from twenty‑eight to twenty‑six point six.

Chen Yang didn't stop; he kept quickly placing sell orders. After selling ten million shares, the price had fallen to twenty‑two yuan; after selling twenty million shares, it had dropped to eighteen yuan.

This price was already Chen Yang's cost basis for his Shengfeng Group shares; selling any further would mean a loss.

So Chen Yang immediately halted and waited for the short‑side capital to react.

If the other side followed up by dumping shares, he would scoop them up at the low point.

If, by one hour before the afternoon close, the other side still hadn't reacted, he would repurchase the shares he had sold.

Yet Chen Yang's wait lasted only half an hour before the other side couldn't hold back and began dumping shares en masse.

In ten minutes they had already rapidly sold ten million shares. However, their selling did not cause much turbulence; the price only fell to seventeen yuan.

At that price, Chen Yang would certainly not buy in. He decided to wait a bit longer.

However, before the morning close, the other side showed no major moves. This made Chen Yang doubt the authenticity of Zhu Zhu's information.

With only a hundred thousand lots of shares, they think they can short Shengfeng Group? That's child's play.

Chen Yang immediately called Zhu Zhu.

"Miss Zhu, could your information be wrong? I've already sold half of my shares, and the other side hasn't made any big move."

"Chen Yang, I'm not really versed in stocks. Perhaps your sudden move disrupted their plan. They intend to wait until Shengfeng Group's share price rises again before executing it."

"Fine, then I'll wait a bit longer!"

"Chen Yang, why don't you dump the rest of your shares while Shengfeng Group's share price hasn't plummeted yet?"

"My cost is eighteen yuan; below that price I certainly won't sell. So I have to wait for them to push the price up before I sell."

"Then if they don't push the price up, wouldn't you end up losing money?"

"If they don't push it up, I won't do it myself either? It's not like I'm broke. Let me tell you in confidence: my current assets are sufficient to buy out Shengfeng Group outright."

"…, Chen Yang, your wealth is growing too fast!"

"Hehe, just good luck. However, you absolutely must keep this secret for me. I don't want to end up on some wealth list and then be besieged by a bunch of boring reporters asking endless questions."

"Don't worry, I also hate being disturbed."