"I know the president of Yunshan Capital, Zhu Silin, and I am actually quite familiar with her. She knew that I had a falling out with you before, so she specifically approached me, wanting to pull me in to take down Qiming Electric together. She even said she would make me the chairman after it was done, but I refused."
"No matter what, I am still a member of the Shen family. Even if I am at odds with you and my younger brothers, that is our own family business. I couldn't possibly stand by and watch our own family's assets fall into the hands of outsiders."
"Furthermore, even if they really got the controlling stake, that chairman position wouldn't necessarily fall to me. No matter how good my relationship with Zhu Silin is, she isn't the one calling the shots. Ultimately, she still has to listen to the decisions of the investors behind her."
Hearing these words from his eldest son, Shen Yanchang felt very gratified: "Xiao Hao, you are absolutely right. This is our own family's business, how could we let outsiders interfere! It is very good that you can see things so clearly!"
Shen Hao: "So I took the opportunity to fish for some information from her. She admitted that for this battle, the three capital firms prepared a total of ten billion in funds. Right now, the usable funds left in their accounts are only about three billion. Under normal circumstances, that would be more than enough to deal with our Shen family."
"Of course, I didn't completely believe her words. Later, I spent some money to bribe one of their traders. From the information they fed back, I can confirm that what Zhu Silin said is basically true. Their early-stage consumption was indeed massive, and that three billion is very likely the last of the ammunition they can mobilize."
Shen Yanchang had to admit that although his eldest son usually caused him a lot of worry, looking solely at this matter, he had handled it beautifully!
This information came at such a crucial time! It was so timely!
It was a good thing he had noticed his eldest son acting a bit strange just now and asked an extra question, otherwise he might have missed this incredibly important news.
If the opposing side really only had three billion in ammunition left, then the balance of power between the enemy and themselves was not irreversible. Currently, the funds the Shen family could mobilize were about two billion. If they went all in with their entire fortune, they could scrape together another billion. Added up, that was also three billion, basically tying with the enemy's remaining ammunition.
Don't forget, he still had a trump card in his hand. He just needed to issue an additional one billion worth of shares. Originally, he had planned to issue an additional two or even three billion shares, but issuing too many might face opposition from other shareholders, as it would harm the interests of all shareholders.
Now it seemed he didn't need to issue that many. An additional one billion would be enough. This was also equivalent to him having an extra billion in ammunition, adding up to four billion in total.
Four billion against three billion, the advantage was his!
Once they exhausted the ammunition of those three capital firms, the Shen family would not only be able to defend their controlling stake, but they could also turn around and devour the chips the enemy had previously swallowed, forcing those three firms to cut their losses and exit the market!
"Xiao Hao, you did exceptionally well! If we can defeat those three capital firms this time, you will take the top credit! The money you lost, Dad will also make it up to you!"
"Dad, this is all what I should do. No matter what, I absolutely will not let the company's controlling stake fall into the hands of people outside our surname." Shen Hao then silently added in his heart: "I am not someone with an outside surname, am I?"
Hearing this, Shen Yanchang heavily patted Shen Hao's shoulder before turning around and leaving.
On the third Monday of November, the chill was deepening, and people generally needed to wear padded jackets and coats to brave the cold wind when going out. But those retail investors in the A-share market who had their eyes glued to Qiming Electric didn't feel cold at all; instead, they felt a feverish heat.
How hot did they feel? Some people wished they could strip naked right then and there and jump into the river for a winter swim.
Over the past weekend, news about the battle for the controlling stake of Qiming Electric had already been brewing into a massive uproar across major financial forums and stock message boards. Many people had a premonition that today's market opening would inevitably be a bloodbath, so they were all rubbing their hands together, gathering their momentum, ready to jump in and make a big play.
At nine fifteen, not long after the pre-market call auction began.
Those retail investors who had just rushed into Qiming Electric hadn't even fully reacted before the bad news struck.
They saw the buy orders on the time-sharing chart instantly wiped out, replaced by a massive influx of sell orders, a frantic dumping of shares regardless of the cost! The stock price plummeted in a straight freefall from the previous trading day's close of 41.50, heading straight for the limit-down board.
Some retail investors who had just entered the market were completely stunned!
"Holy shit! Limit down! Pinned to limit down right at the call auction?!"
"37.35, it really hit limit down! The blocked orders are huge! Over eight hundred thousand lots!"
"Is this crazy?!"
"......."
At nine twenty-five, the call auction results were released, and Qiming Electric opened at a limit-down price of 37.35 yuan per share. On the trading screen, behind the grayed-out Sell 1 tier, hung a despair-inducing number of over 800,000 lots, with suppressing funds exceeding three billion.
Inside the core trading room of the Shen family.
Shen Yanchang personally sat in command. His second son, Shen Rui, was in charge of directing the traders, while his third son, Shen Ming, was responsible for monitoring various information channels. The three men of the family all took the field together, entirely for today's battle.
Their goal was singular, to use the force of a thunderbolt to firmly pin the stock price to the limit-down board, creating panic, forcing back the trend-following buyers, and showing those three arrogant capital firms the true strength of the Shen family!
"Dad, the blocked orders are very stable, approaching 3.1 billion. Let's see how they pry this open now!" Shen Rui looked at the screen, his face full of smugness. It was as if he could already see their opponents panicking and begging for mercy.
Shen Yanchang nodded slightly, but still gave a very cautious reminder: "Do not be careless. Keep a close eye on the market, especially the movement of large orders."
"Yes, Dad!"
At nine thirty, the market officially opened.
The blocked orders on the limit-down board not only didn't decrease, but instead, fueled by the surge of panic selling, continued to increase. They quickly surpassed one million lots, with suppressing funds exceeding four billion.
The buy orders were pitifully scarce. Occasional transactions of a few lots or a few dozen lots were no different from an ant trying to shake a tree in the face of the massive sell orders.
In the forums and stock message boards, as well as various investment group chats, there was already a chorus of wailing and howling.
"It's over, it's over! It's all over! I just chased the rally and bought in last week, and now I'm eating several limit-downs. This is too ruthless!"
"Shen family, screw your ancestors! What's the meaning of smashing your own company's stock?!"
"Was it the Shen family? That can't be, right?"
"Does the person above even need to guess? This is obviously a battle for controlling rights. Right now, the only ones capable of pulling off such a massive short position are the Shen family, because doing this is most beneficial to them. They just want to crash the stock price and force those three capital firms to blow up their accounts!"
"Not going to lie, your analysis makes a lot of sense!"
"Damn it, the major shareholders fight, and us little retail investors suffer. These rules are so freaking unfair!"
"Run! Hurry up and list your sell orders at the limit-down price! Salvage whatever you can!"
"Run my ass, don't you see the billions of funds lined up in front? Will it ever be the turn of our few lots? The rule is large orders get priority. Little shrimps like us are just waiting to be suffocated to death."
"Damn, us retail investors are too miserable! No, I'm going to throw feces at the Shen family's door! This is too freaking disgusting!"
"......."
Time ticked by, minute by minute. The stock remained firmly locked at the daily limit-down, with the capital backing the sell orders surpassing a staggering five billion.
The smugness on the faces of the two brothers, Shen Rui and Shen Ming, grew ever more apparent. They were already imagining how they would scoop up the shares at rock-bottom prices once their opponent's account was liquidated, and then mercilessly mock them.
To celebrate this very moment, Shen Ming even had someone bring over a bottle of champagne and popped the cork right then and there.
With a loud pop, the bubbly foam gushed out.
"Dad, Second Brother, it seems we overestimated them! Come on, let's have an early celebration!" Shen Ming laughed as he poured a glass for his father, Shen Yanchang, and his brother, Shen Rui.
The three men raised their glasses in unison, calling out a toast.
"To the Shen family! And to our recklessly foolish opponents!"
"Cheers!"
"Cheers!"
"..."
Perhaps it was true what they say: never pop the champagne too early, or it might just jinx you.
At 9:58 AM, right after they downed their drinks, a sudden twist occurred!
