Rebirth of the Strongest Tycoon

Chapter 1042: The run on the tide is coming

"The HSI has fallen below 1,700 points!"

As soon as the stock market opened, with a scream, the broader market dived again, and the road to a comprehensive decline began again.

"The Taikoo Group has a pay order and has started to buy it back. Let's take a look at Taikoo Shipping."

"The Taikoo Warehouse Company also paid for it, everyone hurry up and sell it..."

Soon, many investors who knew about the press conference held by the Swire Group at noon found out that the Swire Group was really repurchasing shares!

This made these investors very excited, and they scrambled to adjust the price to place sell orders in an attempt to flee.

As for restoring confidence and continuing to hold?

At best, the idea flashes across the minds of the more greedy investors.

Now the stock market crash is definitely not over. Who knows how much the Swire Group is going to repurchase. If it doesn't seize the opportunity to flee, and when the Swire Group has no funds to give up the repurchase, the stocks it holds will not be able to be cashed out. .

This choice of investors made the selling orders of listed companies in the Swire consortium become very active, making Swire Financial, which is in charge of operating the repurchase, in a hurry.

But no matter what, Swire Financial has basically maintained the stock price of Swire Holdings and other companies for the time being.

But the price is the rapid consumption of funds.

Fortunately, Norman Shi Yahuai received news from London that his eldest son has been borrowing funds urgently. Today, he is sure to borrow at least 50 million pounds, which is nearly 400 million Hong Kong dollars in Hong Kong dollars.

In addition to the more than 300 million Hong Kong dollars originally owned by Swire Financial Corporation, and the liquidity of more than 700 million Hong Kong dollars, he is also a little more confident.

Although if you continue to borrow money now, if you fail, the loss will be even greater, but if it fails now, it can also make the Shi Yahuai family lose their bottoms and end up going bankrupt. Since the results are similar, it is better to fight to survive!

The stock prices of the companies in the Swire Consortium were temporarily maintained, but the Carrian Group took center stage again.

There are three listed companies under the Carrian Group, namely Carrian Real Estate, Vinda Shipping and Qichang Life Insurance, which was acquired just over two months ago.

The rumors that broke out in the morning are deadly enough to cause the stock prices of these three listed companies to plummet.

At noon, Chen Qingsong, the legendary chairman of Carrian Group, was taken away by the police, and Yumin Finance was also taken away by the police. These two news convinced everyone that the "rumor" was true.

After many investors made up their minds, they also solved their doubts about the legendary rise of Carrian Group, and sentenced the Carrian Group to death in their hearts.

Reflected in the stock market, the stock prices of the three companies have collapsed, and the prices of the sell orders placed by investors are becoming more and more ruthless.

But other people are not stupid. The possibility of Carrian Group's insolvency and bankruptcy is extremely high. Even if someone takes over, it will be taken over by the big boss after bankruptcy and liquidation. Where can they get these simple financial institutions and retail investors?

...

In the operation room of Jiuding Securities Company, the atmosphere was not serious at all, and it looked very relaxed and comfortable. Even the employees had nothing to do. They gathered together in twos and threes while joking and analyzing the stock market.

And Xia Yu stood next to Wang Qi and Song Bo, but Xia Yu and Wang Qi were talking and laughing freely, while Song Bo smiled reluctantly, with a worried look.

Seeing that the stock price of Taikoo Group has been temporarily maintained, Xia Yu laughed instead.

"Haha, I didn't expect Norman Shi Yahuai to die so quickly. It seems that he has overestimated his strength."

Wang Qi nodded in agreement and said with a smile, "Yes, now that the market value of Taikoo Group has not fallen to the market value before our action, Norman Shi Yahuai started to buy it back, and he must have taken a lot of equity to pledge loans."

"I just don't know how much money Norman Shi Yahuai has left to buy back stock!"

"It stands to reason that there shouldn't be much. How can he have the confidence to fight?"

Song Bo suddenly said: "Mr. Xia,

The president of Swire Industries Group proposed to buy back shares to stabilize the stock price. I directly rejected it, but it is difficult for other companies to say. "

"It doesn't matter, the more repurchases, the faster you die."

Xia Yu smiled slightly, and said lightly: "Since he is so rich, the money from Swire Financial must be returned to others."

Wang Qi was stunned and heard the deep meaning of Xia Yu's words. He took the initiative to ask: "Chairman, are you trying to incite the investors of Swire Financial Corporation to ask for the investment money?"

Xia Yu gave Wang Qi an admiring look, and said with a light smile: "Yes, Norman Shi Yahuai has been using Swire Financial's public funds for private use, regardless of the interests of investors, this behavior must be stopped."

Wang Qi immediately laughed, he could imagine the embarrassment of Norman Shi Yahuai and Cedric Quincy when investors besieged Swire Financial Corporation.

Xia Yu gave Wang Qi a look, who immediately nodded in response, and left the operating room directly.

Xia Yu looked at Song Bo again and said with a smile, "Mr. Song, the plummeting share price of Swire Industries Group is a good thing for you, just wait for the low price to take over."

Song Bo squeezed out a smile and replied, "Yes, it's a good thing."

Seeing Song Bo's smile still a little reluctant, Xia Yu raised his brows and asked, "Mr. Song, why do you look unhappy?"

"Isn't it because of insufficient funds?"

Seeing Song Bo's smile lingering, Xia Yu understood, as expected, he was right.

But he doesn't care whether Song Bo has enough funds or not, he has already reminded him several times anyway.

In order to stop Song Bo from asking him to borrow money to buy it, he said in a joking tone: "Mr. Song, I have reminded you several times, try to find a way to raise more funds, the opportunity is rare, you can buy it with confidence, anyway, the remaining I will be the bottom line, and I won't be cheap for others."

Song Bo was a little stunned, and pressed the words that were difficult to speak directly to the bottom of his heart. He nodded in a low mood: "Okay, I'll think of a way."

...

When Wang Qi ordered people to release the news that "Swire Financial Corporation used most of the investor's funds to acquire Swire Holdings Group, Swire Shipping Company... junk stocks, and the risk of bankruptcy is extremely high", all the investors of funds under the Swire Financial Corporation Hearing the wind, he rushed towards Taikoo Financial Company with the investment agreement.

And Norman Shi Yahuai, who is sitting in Taikoo Financial Corporation and instructing the repurchase of shares, felt a sudden twist when he heard the news.

A number of funds under Swire Financial have raised a total of HK$1.54 billion from investors.

If all the investors are now asking for funds, Swire Financial will not be able to get it at all.

Once you can't get it out...

Thinking of the dire consequences, Norman Shi Yahuai felt that the future was dark.

When he finally regained his footing, Cedric Quincy asked him anxiously: "Chairman, the company will definitely be surrounded by investors after a while, what should we do?"

Norman Shi Yahuai's expression changed rapidly, and finally gritted his teeth and said bitterly: "I agree with them to get back the investment money, but deprive them of the benefits on the grounds of their voluntary breach of contract, and delay the refund as much as possible!"

Norman Shi Yahuai is planning to resort to procrastination.

Cedric Quincy nodded and replied, "Understood, I'll make arrangements now."

It's just that he stopped as soon as he took a step, turned around and asked Norman Shi Yahuai, "Chairman, shall we continue to buy back?"

Norman Shi Yahuai looked indifferent and said in a deep voice, "Continue to repurchase!"

Anyway, if it is really going to die, then drag the investor into the water, so that the investor can bear part of the loss for him. The agreement signed by Swire Financial Corporation and the investor is clearly written in class. Fund investment has the risk of failure, and the responsibility is determined by Investors bear.

Seeing Norman Shi Yahuai's bloodshot eyes, Cedric Quincy trembled in his heart, and immediately nodded, "Okay."

After speaking, he left quickly. He had to quickly arrange for his subordinates to deal with the coming wave of refunds.

...

Just as Cedric Quincy made the emergency arrangements, a large number of investors rushed into Swire Financial Corporation waving investment agreements, clamoring to get their investment funds back, and the entire Swire Financial Corporation was like a vegetable market.

Along with these investors came a large number of reporters, who were excitedly filming this messy scene.

It's just that Swire Financial easily agreed to the investor's refund, which disappointed the reporters.

It's just that with the passage of time, these reporters found that the speed of refunds from Swire Financial is not generally slow, and investors need to wait for a batch of refund materials to be collected and then go to the bank to refund the money. Investors can't be on the spot. Get your investment back.

Some smart reporters discovered the strangeness in this, and became excited again, and they had already started to conceive the best copy in their minds.

At four o'clock in the afternoon, the stock market closed again.

The Hang Seng Index closed at 1,523 points. It plummeted more than 500 points that day, and the decline was even greater than yesterday!

The temporary closing of the stock market is not the end, but another beginning.

Retail investors from the exchange began to run to many securities companies, private and public funds, and... banks in Heungkong!

PS: Thank you for the reward of 1000 starting coins for Starstorm Snow, thank you!

PS: I was too busy with work on Monday to update late, sorry.

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