Chapter 562 The long and short battle

"Boss, you are preparing for a big fight. Okay, just leave these things to me, and I will definitely handle them properly."

Xia Bing also had great connections in Xiangjiang, but since Hu Yang designated the bank, she just did it.

Afterwards, Xia Bing went back to tidy up briefly and took Liu Ying through the customs to Xiangjiang.

Two days later, Xia Bing, Liu Ying and Ad Securities negotiated a securities lending plan.

Currently, the stock price of Mingji Holding Group is around HK$40. Huijia International Investment used a price of HK$40 per share as a margin reference to purchase 100 million shares of Mingji Holding Group from Aide Securities.

The margin is 10% of the total amount of securities lending, which is HK$400 million. Once the stock price of Mingji Holdings Group reaches the warning line, Huijia International Investment must increase the margin, otherwise, the securities firm will forcefully close the position.

Loans from banks also went smoothly. Shenhai Tengfei provided a guarantee for Huijia International Investment, and Sumitomo Mitsui Banking Corporation's Hong Kong Branch gave Huijia International Investment a quota of HK$5 billion.

Xia Bing called and discussed with Hu Yang and decided to borrow HK$1 billion in advance and then look at the follow-up situation. Anyway, the bank's loan limit has been granted, and funds within HK$5 billion can be received at any time.

HK$1 billion was quickly deposited into the securities account of Huijia International Investment, and a deposit of HK$400 million was paid to the securities company. Ad Securities delivered 100 million shares of Mingji Holding Group to Huijia International Investment.

"Boss, the stock price of Mingji Holdings Group has rebounded slightly in the past two days. Its stock price has reached around HK$43, and I think it's time to make a move."

After the delivery of the integrated stocks, Yu Hongbo paid close attention to the trend of Mingji Holding Group's stocks. After a small rebound, he suggested that Hu Yang could sell.

"Okay, Lao Yu, take action immediately. Don't hesitate and sell them all in one go."

As Hu Yang issued the order, Yu Hongbo and his team members began to continuously sell Mingji Holding Group's stocks.

The stock price, which was still in a rebound trend, suddenly turned downward without warning.

After Yu Hongbo's team sold 50 million shares of Mingji Holdings Group, its stock price fell back to around HK$40.

Xiangjiang.

Zeng Ruhai’s office.

The company's vice president was opening a laptop and letting Zeng Ruhai look at the company's stock trends.

"Director Zeng, this is someone who is short-selling the company's stock in large quantities. If this decline occurs, we will have no power to recover. At this time, it is still too late to support the market. Do we want to take action?"

If the company's stock price collapses, the Zeng family's wealth will shrink by more than half.

Currently, Wesley (South China) is going through a difficult period, and Zeng Ruhai also wants to raise some funds through equity pledge to support it.

Now that he is trying to support the market, Zeng Ruhai's funds will be very tight.

"Mr. Zhang, who do you think is short-selling our stock? Is it possible that it is Huijia Group of Hu Yang?"

Zeng Ruhai pondered for a long time and found it difficult to make up his mind.

Some time ago, his life was very good, so he set a trap for Hu Yang in the securities market.

However, although that guy Hu Yang is young, he is as cunning as an old fox and he did not take the bait. Now, he will not turn his attention to the stock market, right?

"Director Zeng, it's hard to tell which channel of funds is shorting us. However, if we don't take action, I'm afraid it will cause panic in the market. After all, our investment in Wesley (South China) is growing day by day.

losses."

Wesley has issued an internal performance warning, predicting that in the second quarter, the company's performance may achieve zero growth or even a slight loss.

In this case, it will inevitably affect the stock price trend of Mingji Holding Group.

At present, Mingji Holding Group still has a lot of equity mortgaged to banks (used for loans). If the company's stock price plummets, Mingji Holding Group's capital chain is likely to break.

However, if Zeng Ruhai takes action now, it will inevitably increase the financial pressure. If he wins, it will be okay, but if he loses, the Zeng family will be in a desperate situation.

This was a dilemma, and Zeng Ruhai did not dare to make a rash decision.

"Mr. Zhang, let's wait and see for two more days. I'm going to find a way to raise some funds and be prepared to support the market."

In the end, Zeng Ruhai did not dare to let the stock price fall, and he began to raise funds everywhere.

However, after a few days, Zeng Ruhai encountered obstacles everywhere.

Financial institutions that could provide him with financial support at any time in the past have become very conservative now. They did not say they would not grant loans, but they must provide collateral.

Zeng Ruhai had no choice but to grit his teeth, mortgaged the Taipower shares he held, and obtained a huge loan from the bank, totaling 2.5 billion Hong Kong dollars.

At this time, the share price of Mingji Holding Group had dropped to HK$36.

deep sea.

Yu Hongbo's team has sold 60 million shares of Mingji Holding Group.

But after reaching this price, the stock price of Mingji Holdings Group suddenly rebounded strongly, and soon the stock price returned to around 39 Hong Kong dollars.

"Boss, if I read it correctly, it must have been Zeng Ruhai who took action. This rebound is obviously driven by big money, and it is coming fiercely."

Yu Hongbo could feel the opponent's extraordinary strength and stabilized the stock price as soon as he made the move.

"Lao Yu, aren't there a lot of short-selling funds following the trend in the market?"

To form an irreversible decline, it is definitely not enough to rely solely on the 100 million shares held by Hu Yang.

This requires the market to form a unified understanding, that is, most people are bearish on the market outlook of Mingji Holding Group.

"There are really not many funds to follow the trend of short selling, and most people are waiting and watching. After all, Wesley is still resisting, and many people are not sure whether Wesley (South China) can make a comeback at the end of the year."

Yu Hongbo sighed helplessly. At present, it seems that the market is divided on the stock price trend of Mingji Holding Group.

Funds represented by Populus euphratica are selling short, and Zeng Ruhai's market support funds are also buying in large quantities.

Therefore, the stock price of Mingji Holdings Group has formed a short-term equilibrium around HK$40.

"Lao Yu, let's do this. You guys stop for a while. I may have other ways to consume the other party's funds. You wait for my news."

Hu Yang and the others only have 40 million shares of Mingji Holding Group left. If they were to sell them all short in normal times, it would still be quite damaging to the stock price of Mingji Holding Group.

But now, due to Zeng Ruhai's full support of the market, even if the 40 million shares are completely shorted, it is estimated that it will not have much effect.
Chapter completed!