Chapter 92 Over-the-Counter Trading
The once-famous Zhongda Auto Group suffered a dramatic drop in stock price, falling by more than 30%, and its market value nearly evaporated due to the shocking Dieselgate fraud scandal.
Huge fines from around the world have been raining down on this century-old automotive giant, leaving it on the verge of collapse.
It was on the verge of bankruptcy liquidation and closing down.
The German government could no longer sit idly by and had to intervene directly to bail them out.
After all, if " Zhongda " really just kicks the bucket, how many companies in its massive upstream and downstream industrial chain will be wiped out along with it?
That would be an absolutely nuclear-level shock to the German economy.
Not only Germany, but the entire European economy will be affected.
"Luckily we got out quickly, President Su was brilliant! If we had been a day later, that 10 billion would have been lost!"
"Absolutely! President Su's move was a stroke of genius! It was like he had foreseen the future!"
Sure enough, they're still siding with their own people. The German government certainly won't just stand by and watch their own protégé, ' Zhongda, ' fall from power!
Zhongda's stock price, which had once plummeted to rock bottom, began to rebound dramatically with strong intervention and capital injection from the German government, creating a breathtaking V-shaped reversal curve.
Fortunately, Su Hao sensed the danger before all of this happened and decisively ordered Vulture Funds to liquidate its holdings!
They withdrew all the invested funds without a scratch, running faster than a rabbit, and their timing was absolutely perfect!
"President Su must have accurately predicted that the German government would spare no effort to save them, right?"
"Is that even a question?"
We ordinary people can only see one step ahead at most, but President Su has probably already thought ten steps ahead in his mind!
Look at the timing of that sale! It's textbook perfect – one second too early, one second too late! It's art!
However, right after the team quickly withdrew its investment from the " Zhongda " turmoil, Su Hao's next investment instruction surprised everyone!
A mysterious off-exchange deal!
Moreover, the company that acquired the shares was a "junk" stock that a Cayman Islands company called " Jinkun Holdings " was eager to sell off, and which had no takers!
"Don't these kinds of off-exchange transactions usually involve a lot of dragging and haggling negotiations?"
Why is it that as soon as we give them a price quote, they act like they've met their own father, and without even haggling, they immediately agree to the deal?
Judging from their eagerness, they're really desperate to get rid of it, like they're throwing away a hot potato.
To conduct over-the-counter transactions, an intermediary platform is also needed.
Typically, this role is played by large securities firms.
Sometimes sellers even have to pay hefty advertising fees to brokerage firms to help them list their products and attract potential buyers.
In order to sell its unsold shares as soon as possible, Jinkun Holdings commissioned China Securities, the largest securities firm in the country, to list them on the stock exchange.
Then, this deal, which others considered worthless, was quietly secured by Liang Haiyuan following Su Hao's instructions.
"But...Mr. Su, why spend so much money on this?"
"Jinkun Industrial Holdings Company? What the hell is that? I've never even heard of it."
"Besides, this thing hardly pays any dividends, and it's unlikely to go public anytime soon, so what's the point of buying it..."
This time, everyone in the top investment department was scratching their heads, completely baffled.
Why would President Su, a strategist who can win battles from afar, spend a full two billion to buy such a worthless thing?
[Breaking news!]
Just then, the financial news channel that's always on in the office interrupted with a breaking news report that we had just received!
According to an exclusive report just received by this station:
Changqing Global Trust Limited held an extraordinary Directors meeting today and passed important personnel resolutions by vote:
Mr. Shen Zeju, Deputy Director of Changqing Group, is relieved of his post at Changqing Global Trust. The position of Director and legal representative.
Mr. Shen Zekai, the current General Manager of Changqing Group, has been appointed as the new Executive Director and Legal Representative.
As the holding company of Changqing Group, the change of the legal representative of Changqing Global Trust essentially signifies a transfer of ultimate control of the Group …
"Holy crap?! What's going on?! Shen Zeju of Changqing Group? He was suddenly fired?!"
"Hurry! Turn the volume up!"
The succession of Changqing Group has already been settled, it's a done deal, hasn't it?
How did Shen Zekai suddenly become the second son?! What the hell is going on?!
The news content is simple and straightforward; in short:
Shen Zekai, the second son of Changqing Group, suddenly overturned the table when everyone thought the situation was settled and the cooked duck was about to fly into his brother's mouth!
He kicked his brother down and took the top seat himself!
'Damn! Mr. Su was right! That bastard Shen Zekai was acting the whole time!'
Liang Haiyuan stared intently at the television screen, feeling goosebumps all over his body!
Only now did he realize the terrifying insight behind President Su's seemingly casual question and confident gaze!
Shen Zekai's heartfelt words to the media about "assisting his brother and revitalizing the Group " were all utter bullshit!
This kid clearly planned this all along, secretly plotting and taking advantage of everyone's lowered guard, thinking the situation was settled...
Suddenly launching an attack, he manipulated the Director's Council and actually kicked his own brother off the throne, while he himself took the seat of power and usurped the supreme control of the entire Changqing Group!
"So... Shen Zekai betrayed his father and brother together? He stabbed them in the back, and stabbed them so badly?!"
"That's right! The news said it directly involved the controlling shareholder, completely overturning his father's arrangements and his brother's inheritance rights! This is a decisive blow!"
Changqing Group, this long-planned "struggle for the throne between two sons," or rather, a bloody "Xuanwu Gate Incident."
Finally, at this moment that no one expected, the curtain officially rose!