God of Investnt?
Heh heh...
If it were before, Yang Chen might have believed in the God of Investnt.
But ever since he t Zhang Long, Yang Chen often discussed investnt knowledge with him, and he got quite familiar with the investnt circles in Dragon Country.
As for foreign capital markets, Yang Chen isn’t too sure.
In the Dragon Country’s capital market, especially the stock market, it’s entirely insider trading, with the market manipulated by big players to exploit retail investors. There’s absolutely no ntion of technical or value investnt.
Frequent stock traders all know this: when a certain stock suddenly hits the limit-up, the company will release good news after the market closes. Isn’t that a clear sign that the big players had insider information beforehand?
Managing to turn 30,000 bucks into three billion-scale funds, it seems like Li Xiang did quite a lot of insider trading.
Yang Chen: "If Li Xiang doesn’t interfere in the matters between and his son, I’ll let him off. But if he dares to step in, then I’ll take him down along with the rest. What kind of god of investnt is he if he’s not doing insider trading? I don’t believe he could achieve this with just 30,000 bucks. Everyone, please do a favor and use your connections to gather evidence of criminal activities by the Li family father and son. Would that be possible?"
Huang Lvxie: "No problem! I know quite a few big shots in the investnt circle, I can ask around."
Qiu Yuhong: "That’s easy. Our Shield Security Group’s intelligence-gathering capability is quite strong. It’s a good chance to show Mr. Yang what we can do in this aspect."
Xue Yinong: "I can also ask so friends to check. It’s a small matter."
Zhang Xiang: "Our firm has friends both dostically and abroad; we should be able to find sothing out."
Yang Chen nodded and said, "I’ll leave it to you guys then. You can head back for now."
Qiu Yuhong and others got up and left.
Yang Chen had ntioned many days in advance that he would co over on the 10th, and Huang Lvxie had also inford the shareholders about today’s eting.
Right now, the shareholders were in the hotel’s leisure and entertainnt area having fun.
Yang Chen ordered Huang Lvxie to notify the other shareholders to co to the conference room for a eting within ten minutes.
The new major shareholder was calling the shareholders’ eting for the first ti, so the other shareholders didn’t dare to delay and hurried over.
Seeing the panting shareholders, Yang Chen smiled and said, "Hello everyone, I’m Yang Chen. I’m glad to et you all and hope we can get along well and make the Haiyalantis Hotel better together. Please introduce yourselves, and I’ll get to know everyone."
The shareholders quickly introduced themselves.
There were a total of 12 shareholders. The one Yang Chen had to worry about the most was the second largest shareholder, British Investnt from Eagle Country, holding as much as 25% of the shares.
If they could join hands with other shareholders, they might indeed cause so trouble for Yang Chen, who held 38% of the shares.
However, the other shareholders were all Dragon Country people, which to so extent was beneficial for Yang Chen.
Yang Chen’s usual style was that as long as there were no problems with the company, he would act as an absentee owner and just wait for the year-end dividends.
A day later, Zhang Xiang and others gradually replied to Yang Chen.
Li Xiang and Li Dengfeng, the father and son, indeed had many illegal activities.
Let’s talk about Li Xiang first.
As Yang Chen said, this man’s reputation as the God of Investnt was built entirely on insider trading.
In the early days, he would bribe so Secretaries of listed companies to get inside information beforehand. He would prepare his funds in advance and bolt right after the good news caused the stock price to hit the limit-up.
Li Xiang’s claim to fa was with Poetic Immortal Liquor.
Back then, because Poetic Immortal Liquor falsified their earnings, it was treated as a special treatnt (ST) by the Securities Regulatory Commission, and its stock price once fell to 0.9 yuan per share.
Li Xiang estimated through the sales in major supermarkets and liquor wholesale markets that the company had decent sales over the past year.
However, as an outsider, Li Xiang couldn’t see the specific sales data.
At the ti, he had 200,000 cash on hand, which he gave entirely to the Secretary of Poetic Immortal Liquor to obtain the company’s past year’s sales data, orders for the upcoming year, and other good news.
After that, he went ho, sold his house, borrowed money from friends and family, and even took out high-interest loans to gather a total of 5 million yuan. He then used this 5 million with a broker’s 5x margin to get 25 million yuan. Finally, he made a precision lowbuy when Poetic Immortal Liquor plumted to 0.9 yuan per share.
Later, Poetic Immortal Liquor announced its performance for the past year, achieving a net profit of 120 million yuan.
Mind you, 120 million yuan twenty years ago was an astronomical figure, more than the sales revenue of many listed companies.
Subsequently, Poetic Immortal Liquor’s stock price soared all the way up to 21 yuan before it stopped.
It was through this speculation that Li Xiang rose to fa overnight.
As his fa grew and his capital strengthened, his investnt operations beca a smooth sail, leading to his current achievents.
But his smooth sailing was based on having a lot of insider information from listed companies.
His usual trick was to first select a suitable listed company, then buy off key positions like the company’s Secretary. Through these people, he would find out when the company’s good news would be released, lurk about a week in advance, and cash out right after the good news release.
Retail investors familiar with Li Xiang know a term called "One Word Guillotine."
Li Xiang often drove the stock to the limit-up board, then seized the opportunity to instantly crash it to the limit-down to exit, leaving no chance for retail investors to escape.
Now the evidence that Li Xiang had bought off many important figures in listed companies was laid in front of Yang Chen, and it was about ti for his legend as the God of Investnt to crumble.
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