Chapter 484: River Mountain Automobile hits limit-down again

"Chen Yang, I just received a notice saying that Zhu Junhao's takeover of Aspiration New Group is illegal, and the materials we bought from him must all be returned."

Chen Yang was holding a senior meeting at Old Citizen Meat Industry Co., Ltd. when Liu Shijie's phone suddenly came through. After thinking a bit, he said to Liu Shijie: "Brother Jie, as long as your purchase contract is legal and valid, you can ignore it. I'll first inquire about the situation on Zhu Junhao's side."

Liu Shijie again lowered his voice and said: "Chen Yang, I've heard that Zhu Junhao has been missing for several days, and people from Worry-free Residence are searching everywhere for him."

Chen Yang naturally understood why Zhu Junhao went missing. He had designed it himself, causing Wang Haifeng and others to lose hundreds of millions, and those people now wish they could skin him alive.

Zhu Junhao's acquisition of Aspiration New Group had been going on for several months; only now was the problem discovered, and it is very likely a retaliatory move by Wang Haifeng and his group.

After Liu Shijie's phone call ended, Chen Yang immediately called Sun Changqing.

"Mayor Sun, is it convenient to talk?"

"What is it, speak!"

"Chairman Zhu's procedures for acquiring Aspiration New Group seem illegal; now the relevant authorities have gone to the project team of East River New City. I'm worried this will affect the subsequent material supply for East River New City."

"This Zhu Junhao is really a good-for-nothing who can't accomplish anything but causes trouble!" After Sun Changqing finished cursing, he fell silent for a moment, then said: "Chen Yang, you don't need to worry about this; I will go coordinate with Xingcheng's building materials suppliers to prioritize guaranteeing the progress of the East River New City project."

Chen Yang reminded Mayor Sun: "Mayor Sun, Chairman Zhu's matter definitely has Wang Haifeng's retaliation behind it. He is the president of Xingcheng Chamber of Commerce; if he had already greeted those building materials suppliers in advance, your intervention might not be very effective."

Mayor Sun snorted: "Xingcheng is not the Wang family's backyard; he can do whatever he wants."

Chen Yang, hearing Mayor Sun speak so firmly, finally put his mind at ease. As long as this Xingcheng mayor gives strong support, the East River New City project will encounter no major problems.

He opened the computer and glanced at River Mountain Automobile's stock price: it is currently twenty-seven point seven nine, which is at least ten yuan higher than the price during the previous lifetime's directed issuance.

At this price, the originally intended subscribing institutions will definitely not buy in. Therefore, from yesterday until now, River Mountain Group has not responded to the directed issuance news leaked from Hong Kong.

The company's silence is extremely deadly for the shareholders trapped inside.

Chen Yang quietly stared at the computer screen, and finally waited for River Mountain Automobile's second limit-down.

If it continues to fall at this pace for another day, the accounts of Wang Haifeng and the Worry-free Residence shareholders who bought River Mountain Automobile stock will shrink by half.

However, this cliff-like plunge has a great impact on River Mountain Group's reputation. Chen Yang clearly understands they cannot remain silent forever.

Moreover, today's locked orders are only thirty thousand lots, indicating that capital also does not believe River Mountain Group will keep silent to the end.

In order to slow the speed of Wang Haifeng's capital flight, Chen Yang called Guo Jin, asking him to find some people on the Hong Kong side to post messages on major mainland portal websites, saying that today capital will join forces to lift River Mountain Automobile's limit-down, reminding retail investors to seize this last escape opportunity.

Once the news came out, the stock forums on major portal websites became active. Everyone was probing which great benevolent capital wanted to save them from water and fire.

At the same time, River Mountain Automobile's locked order volume surged again, rising from thirty thousand lots to seventy thousand lots.

This result made Wang Haifeng and Zheng Weimin, who were waiting for news in the East River Securities large client room, directly vomit blood from anger.

"Who? Who exactly is opposing me?" Wang Haifeng, in his fury, smashed another computer monitor. The East River Securities CEO and stock consultant Tian Wen, who had been watching from the side, dared not make a sound, silently observing Wang Haifeng vent his anger.

At this moment, Zheng Weimin beside him suddenly thought of something and said to Wang Haifeng: "Chairman Wang, these troublemaking messages are all released from Hong Kong. Chen Yang happens to have many connections there; could it be him stirring up trouble?"

Wang Haifeng, upon hearing this, fiercely punched the computer desk: "Damn Chen Yang, it's definitely him doing this. When he returns to Xingcheng, I will surely skin him alive!"

Zheng Weimin now cares more about when his own funds will be freed. He said to Wang Haifeng: "Chairman Wang, now is not the time to deal with Chen Yang. You should first call the leaders of the Provincial Securities Bureau and ask them to stop Chen Yang from spreading false rumors. Otherwise our funds will remain stuck inside and cannot get out."

Wang Haifeng, upon being reminded, immediately reacted. He quickly found the phone number of the director of the Provincial Securities Regulatory Bureau, then told the other party about Chen Yang spreading negative news about River Mountain Group online, and demanded that they immediately investigate Chen Yang.

Just as the Provincial Securities Regulatory Bureau began its investigation into Chen Yang, River Mountain Group also issued an official statement, indicating that the group currently has no intention of conducting a directed issuance in the short term.

After seeing this news, Wang Haifeng immediately asked Tian Wen: "Doctor Tian, what does this River Mountain Group announcement mean?"

Tian Wen furrowed his brows and said: "The attitude of River Mountain Group's announcement is vague. Moreover, they did not blame the media in Hong Kong that released the news. This shows they indeed have the intention of a directed issuance, but their plan was disrupted by the news from Hong Kong."

Upon hearing this, Wang Haifeng's face instantly turned solemn. He asked Tian Wen: "Since a directed issuance is good news, why don't they directly admit it?"

Tian Wen sighed and said: "Based on my experience, it is highly likely that River Mountain Automobile's current stock price is too high, so the institutions participating in the issuance are temporarily unwilling to take over."

Upon hearing this, Wang Haifeng's mood plummeted like falling into a valley. River Mountain Automobile had been raised from a price of fifteen yuan; if they conducted a directed issuance at this price, his own shares would have to drop another ten yuan to break even!

"Damn Chen Yang, I won't let this rest!"

Tian Wen said to Wang Haifeng: "Chairman Wang, there are only two options now. First, spend any cost to unload shares. Second, wait until the stock price falls to the bottom, then use funds to slowly push it up."

Wang Haifeng asked Tian Wen: "How low is that bottom?"

Tian Wen said: "Since River Mountain Group needs to raise funds, it certainly cannot let the stock price fall too much. I estimate that if it falls below twenty yuan, they will step in to support the price."

Wang Haifeng used a calculator to figure out: if the stock price drops to twenty yuan, his total loss will reach over five hundred thirty million!

"This damn Chen Yang dug such a huge pit for him. If we don't kill him, this hatred will never be appeased!"