What's going on? "
"Did someone steal the peach early?"
Duan Yongping saw that there were not many individual investors selling stocks in the secondary market. He knew that someone had entered the market early.
"Boss, are you still going to buy?"
"Not buying?"
Although he could still buy some stocks with money, it was meaningless at this time.
If you wanted to sweep the stock market, you needed a large number of individual investors to sell.
This meant that even if you wanted to buy, there would still be people selling.
If there were not many people selling to you, then the price of the stock would continue to rise.
Most of NetEase's shares were in the hands of major shareholders. These shares could not be traded. Just like Ding Lei's shares. As the founder of NetEase, no matter how low the stock price fell, he would not sell. Therefore, the only people that could sell were institutional investors, small investors, and individual investors.
But these investors did not have a lot of shares. Someone had already swept the stock, so they did not have a share.
If you forcefully swept the stock, even if you threw in one million, NetEase's stock would skyrocket.
"Ding Lei, someone swept NetEase's stock in advance."
"Ah, no way, who swept the stock?"
"I'm investigating. I'm sure I'll find out soon. But that person is very powerful. I estimate that he has already swept 5% of NetEase's shares. "
"They're going to raise their paddle?"
"Possibly. I hope this investment company just wants to make some money."
"I hope so too."
Ding Lei's heart was in turmoil.
At the same time, he sent people to find out who bought NetEase's shares.
Ding Lei could not figure it out.
With the dotcom bubble, even the most courageous investors did not dare to invest in dotcom stocks.
Including Buffett. He had already stated many times that he would not invest in dotcom stocks.
If even the famous Buffett did not dare to invest in dotcom stocks, then other investors were even more afraid.
However, Ding Lei did not need to investigate further.
The next day, Nasdaq released an announcement.
[Huanyu Capital's acquisition of NetEase shares has reached the 5% limit.]
According to the stock exchange regulations, to protect the interests of investors, any investor that acquired 5% or more of a company's shares must report to the stock exchange.
Huanyu Capital was a wholly owned subsidiary of Huanyu Technologies.
"Boss Chen, mission accomplished. We have acquired 5% of NetEase's shares."
"Alright, can you collect more?"
"We can't. NetEase's shares are concentrated at the moment. Most of the small investors have already bought their shares. There's no point in buying more shares, and the price is too high."
"Okay, make an announcement to the public. Also, invite NetEase to hold an interim shareholders' meeting."
Once an investor's shares reached 5% or above, the investor would have the right to call for an interim shareholders' meeting.
"Also, publicize that Huanyu Technologies has acquired 5% of NetEase's shares. The more people know, the better."
"Yes."
Chen Yu didn't buy 5% of NetEase's shares to control NetEase.
How could he control 5% of the shares?
However, 5% of the shares was used at the right time, and it had the wonderful effect of using four taels to defeat a thousand catties.
For example, holding an interim shareholders' meeting and proposing to add independent directors.
Independent directors couldn't influence the company's decisions. After all, they had to vote according to the number of shares.
However, the opinions of the independent directors could be used as a reference by the other shareholders.
He could agree or disagree.
If it was a normal investor, he wouldn't be able to influence the other shareholders.
However, if it was Huanyu Technologies, it wouldn't necessarily be so.
Under Chen Yu's arrangement, Huanyu Technologies' subsidiary acquired 5% of NetEase's shares and proposed an interim shareholders' meeting. This news instantly caused an uproar in the industry.
[Huanyu Technologies owns 5% of NetEase's shares. NetEase's future decisions may be affected.]
[Huanyu Technologies proposes to add independent directors. Will NetEase's board of directors approve this?]
[NetEase's model is being tested. Will normal investors choose NetEase's model or Huanyu Technologies' model?]
[Ding Lei owns 45% of the shares. Ding Lei may not be able to fully control NetEase.]
[Independent director's proposal will not be approved. However, Huanyu Technologies has won a huge battle.]
[Huanyu Technologies's profits from games are four times that of NetEase's. Minority shareholders approve of Huanyu Technologies' model.]
In terms of popularity, NetEase was more popular than Huanyu Technologies.
However, in terms of games, Huanyu Technologies beat NetEase.
Netease only had one Journey to the West that was good.
However, Huanyu Technologies had the Legend of Mir world. Other than that, there was also Bubble House.
Other than Bubble House, there were even more terrifying YY games.
Moreover, Huanyu Technologies was going to release a Fantasy of Mir: Journey to the West.
Journey to the West couldn't be compared to any of these games.
Although Huanyu Technologies only owned 5% of the shares, many investors approved of Huanyu Technologies' concept.
At this time, an emergency shareholders' meeting was held. Thousands of minority shareholders were eagerly waiting and expressed that they would vote for Huanyu Technologies.
"Chen Yu, you're amazing."
"CEO Ding, what did you say?"
"Chen Yu, let's make a deal. Give up on the independent director's proposal?"
"CEO Ding, we're buying 5% of your shares because we like NetEase's growth potential. Really."
"Chen Yu, there's no need to beat around the bush."
Huanyu Technology's sudden use of a killer move scared Ding Lei out of his wits.
Especially after this guy created hype on the internet. A bunch of small and medium investors all had a good impression of Huanyu Technologies.
If he really held this shareholders' meeting, it wouldn't affect NetEase in the short term. However, it would definitely be a disaster in the long term. Feeling helpless, Ding Lei immediately went to find Chen Yu.
"Chen Yu, name your terms."
"CEO Ding, what terms can you offer?"
"We'll pretend that Fantasy Journey to the West never happened. However, we must buy back your 5% shares."
"CEO Ding, NetEase doesn't have much cash flow right now."
"That's none of your business."
Ding Lei didn't answer Chen Yu's question.
NetEase didn't have that much cash flow, but Duan Yongping did.
Ding Lei didn't trust Chen Yu, but he trusted Duan Yongping.
"I'm sorry, I'm not willing."
Chen Yu shook his head. "First of all, I really like NetEase. Can't I invest in it to make some money?"
Chen Yu smiled.
Although he wanted to go against NetEase, this investment was also a profitable one. Why would he buy back NetEase's shares?
"However, you can rest assured that my proposal for a shareholders' meeting won't interfere with NetEase. As long as NetEase's share price rises to a certain level, I'll sell my shares. "
"Really?"
"I think I'm a man of my word. However, before I sell my shares, I think it's better for both of us to calm down. I'm not afraid of anything, but I'm afraid that CEO Ding will be worried that I'll threaten you again. "
"Deal."
Ding Lei left without looking back.
The next day, NetEase held an interim shareholders' meeting. The proposal to add an independent director was rejected.
On the other hand, Huanyu Technologies' Fantasy Journey to the West officially started its internal testing.
The battle between Huanyu Technologies and NetEase was just like Duan Yongping had said. It was just a small episode.
After the storm, it temporarily stopped.
As for whether there would be more waves in the future, that was a matter for the future.
(End of Chapter)
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