At 2:44 PM, a sudden anomaly occurred! (Changed the time to fit the vibe of popping champagne at halftime).
In the transaction details list, several staggering super buy orders popped up without any warning.
The first order, 200,000 lots!
The second order, 300,000 lots!
The third order, 300,000 lots!
In just a few short seconds, a massive wave of buying totaling 800,000 lots and worth nearly 3 billion swept in with crushing force, instantly swallowing more than half of the millions of sell orders stuck on the limit-down board.
Witnessing this scene, the brothers Shen Rui and Shen Ming instantly turned pale and cried out in dismay.
"Dad! Something's terribly wrong!"
"They're breaking... breaking the board! The limit-down has been busted!"
The retail investors who were also keeping an eye on Qiming Electric saw the limit-down board break and completely exploded in an uproar.
"Holy shit, holy shit, holy shit! What the hell just happened?! Three billion, gone in an instant?!"
"Who the hell is this divine entity? That adds up to nearly a million lots, right?!"
"It's open, it's open! The limit-down is broken! Look! The stock price is pulling up!"
"A pulse! It's a pulse order! It surged to -5%! Damn, why did it drop back down!"
"The short sellers are dumping again! Another 100,000 lots of sell orders just hit! Mother of God!"
"They're going to beat the living daylights out of each other now!"
"........."
Just as the limit-down board was pried open and the stock price pulsed upward for a brief moment, a short order of over 100,000 lots slammed down again, instantly pinning the stock price back toward the limit-down.
Inside the trading room.
Shen Rui's voice carried a hint of a tremble. "Dad, this is the last short order we can afford to dump. If we keep smashing it down, it's really going to cripple us."
Shen Yanchang's old face had long since darkened. "Cripple us? Is the situation not severe enough already?!"
"If we stop now, the billions we invested earlier will all go down the drain! The other side will step over our dead bodies to take complete control of Qiming!"
"Contact the brokers and funders we know immediately. Use our shares in Qiming as collateral and get another billion in funds back here!"
"Dad, that's too risky! Our family currently holds 15.92% of the shares, which is already nearing the critical point. If we pledge even 1% more, our control will..."
Shen Yanchang interrupted, "Say no more. We have no way out now. The other side has made it clear they want to swallow us whole! If we retreat now, forget about control, the entire Shen family will be uprooted!"
"The more critical the moment, the less we can afford to back down. As long as we can win this battle and pull the stock price up, we'll still have a chance to redeem the shares later!"
"Execute the order!"
"Yes!" Shen Rui could only bite the bullet, pledging a billion worth of shares according to his father's arrangement, and then dumped them all as short orders.
Shen Yanchang seemed to remember something and suddenly asked, "Where is Xiao Hao? Where did he go?"
Shen Ming replied, "I haven't seen my older brother since this morning. I don't know where he went."
Shen Yanchang frowned. "Call him and tell him to come see me."
He now had an uncertain suspicion in his heart that he might have been deceived by his eldest son; the opponent's funds were probably far more than three billion.
Just as he was thinking this, less than two seconds after that 300,000-lot sell order was posted, it was instantly eaten up again by two buy orders of 120,000 and 180,000 lots.
Witnessing this scene, even a business veteran like Shen Yanchang, who was used to weathering storms, instantly slumped back into his chair.
"It's over! It's truly over now!"
Now they were truly out of ammunition and supplies. Unless they pledged all their remaining shares, but if they did that, there was a high probability he would be completely swept out of the game.
Moreover, it was too late to use a poison pill now. The recent share issuance had been too small. They had fallen for a massive trap!
Those retail investors watching Qiming Electric from the sidelines boiled over with excitement once again upon seeing this.
"The shorts are out of bullets, right? The sealed orders seem to be gone."
"The bulls are too awesome! They smashed the short sellers' dog heads!"
"Don't celebrate too early. Who knows if this is a trap? We retail leeks better stay cautious."
"Trading volume is exploding! Truly exploding! It's only been a dozen minutes since the market opened, and the turnover has already surpassed six billion! The turnover rate is over 20%! Crazy, this is pure madness!"
"........."
At 3:10 PM, the short-selling camp completely collapsed. The stock price, as if breaking free from its shackles, leaped upward. The decline rapidly narrowed to -3%, -1%... and then turned positive!
"It's positive! The stock price has turned positive!"
"The bulls won! The shorts really got blown out!"
"Chase it! If we don't buy in now, when will we!"
"........."
Market sentiment was completely ignited. Countless retail investors followed the trend and chased the rally, causing Qiming Electric's stock price to climb steadily higher!
Subsequently, an emergency announcement issued by the official exchange platform suddenly descended.
Indicative Announcement on the Simplified Report of Changes in Equity of Qiming Electric Co., Ltd.
Information Disclosure Obligors:
Mingzhu Capital has reached the disclosure threshold for the third time, holding a total of 15.69% of Qiming Electric's shares!
Yunshan Capital has reached the disclosure threshold for the second time, holding a total of 10.33% of Qiming Electric's shares!
Gome and its concerted action party Huang Yu have reached the disclosure threshold for the second time, holding a total of 18.99% of Qiming Electric's shares!
Before the close of the market, a total of two capital firms and one natural person had crossed the disclosure threshold. Among them, Gome and its concerted action party Huang Yu became the largest overt shareholders of Qiming Electric. Next was Mingzhu Capital, holding 14.97%. The Shen family was reduced to third place, holding 13.16%.
No one expected that in this fierce battle between bulls and bears, Huang Yu would suddenly charge in halfway, causing the situation at Qiming Electric to become unpredictable once again.
In Great Nancheng.
Zhu Silin, who was monitoring the market, was also somewhat surprised when she saw the announcement. They had been intercepted!
She didn't delay and immediately dialed Liu Yutong's number.
"Sister Yutong, a spoiler has appeared. It's the richest man, Huang Yu."
Liu Yutong on the other end of the phone didn't seem surprised. "I know. The guy couldn't hold back in the end."
Zhu Silin paused, her tone laced with astonishment. "Sister Yutong, did you anticipate this?"
Liu Yutong neither admitted nor denied it, saying ambiguously, "More or less."
Actually, ever since she spoke with him at the school last time, she had a premonition that Huang Yu would never easily let go of this fat piece of meat. It was only a matter of time before he made a move.
However, what surprised her was that Huang Yu was actually still safe and sound. This was a bit unscientific!
Could it be that she remembered the time wrong?
"Let's ignore him for now. The shares we control now add up to over 30%. We can initiate a shareholders' meeting to dismiss the Shen family from their positions."
Zhu Silin quickly did some mental math on the other end of the line before saying, "Sister Yutong, the shares we currently have clear control over do indeed exceed thirty percent. However, if we really want to oust them, we need a majority vote from the shareholders. If the richest man and the Shen family join forces, combined with the fact that the Shen family has been deeply rooted in Qiming Appliances for many years, our proposal will likely fail to pass if they manage to rally the other shareholders to oppose the dismissal."
"The richest man in particular is a massive variable. It will be fine if he stays out of it, but once he gets involved, the outcome will be really hard to predict."
Liu Yutong wasn't worried at all. "Don't worry about him. Just convene the shareholders' meeting as usual."
"Understood!" Zhu Silin replied.
