Beijing Oriental shares fell to the limit in one minute. Disagreements between institutions and listed companies.]
[40 billion in financing, fund company says no.]
[Quiz with prizes. How many times will Beijing Oriental shares fall to the limit?]
This was the hottest topic in the A-share market that day.
Compared to BOC's previous lack of attention to the stock price, this time, the organization clearly wanted to suppress the stock price in this 40 billion round of financing.
In fact, this was exactly the case.
After a group of institutions hit Beijing Oriental's stock price to the limit, the relevant institutions contacted the management of Beijing Oriental again.
"Boss Chen, there's a problem."
Wang Dongsheng nervously called Chen Yu.
"Uncle Dongsheng, what's the matter?"
"A group of institutions joined forces and hit our stock price to the limit."
"These guys are so cunning."
As the largest investor in Beijing Oriental, he was also the controlling shareholder.
The biggest loss of Beijing Oriental's stock price was Chen Yu.
This financing was the same.
If Beijing Oriental's stock price was lower, then Chen Yu's shares would be diluted.
"Boss Chen, several institutions have contacted us."
"What? What do they mean?"
"They want us to announce the financing in a year."
"A year?"
Chen Yu said, "Do they think they own Beijing Oriental?"
He was the largest shareholder of Beijing Oriental, and he was also the controlling shareholder.
These institutions actually wanted to threaten him by suppressing the stock price.
Not to mention that Beijing Oriental couldn't wait a year later, even if they could, Chen Yu wouldn't care about them.
"Uncle Dongsheng, don't worry about him."
"Boss Chen, you'd better think about it. After all, if the stock price is too low, our financing will also have problems."
"Who said that?"
Chen Yu shook his head. "It's them."
He hung up the phone.
Chen Yu had never liked this group of institutions.
Look at the A-share market for so many years.
It was because of the existence of these institutions that a group of individual investors had been cheated countless times.
Because of them, there were bankers in the stock market.
Because of the banker, the stock price was decided by them.
If they wanted the stock price to rise, the stock price would rise.
If they wanted the stock price to fall, the stock price would fall.
They called the shots in the stock market and secretly colluded with the higher-ups of the listed companies.
Under such operations, even if some small shareholders were smart, they would still be played to death by these institutions.
Of course, Chen Yu does not want these institutions to buy Beijing Oriental's shares.
Chen Yu would not say anything if they were content with being shareholders of Beijing Oriental.
But now, he was actually threatening him.
Sure.
Chen Yu wanted to let them see if they were threatening him or if he was threatening them.
"Brother Jian, announce that we have reached a strategic partnership with Heil Group."
Naturally, this cooperation was for Heil Group's OEM Super TV.
Of course, this had nothing to do with Beijing Oriental.
This was a partnership between Huanyu Electronics and Heil Group.
But those who knew the ins and outs of this partnership would know that Beijing Oriental and Huanyu Electronics were inextricably linked.
Just like how Beijing Oriental's stock price had soared previously, it was also because of Huanyu Electronics' Super TV.
At this time, Huanyu Electronics suddenly released a piece of good news. Beijing Oriental's stock price, which had been hit by a group of institutions, suddenly shot up.
"Brothers, let's go. Huanyu Technologies has released a major announcement."
"Yes, I saw it. Huanyu Electronics said that they will produce Super TV for Heil TV."
"The better the Super TV sells, the more market Beijing Oriental will have."
This counterattack made a group of institutions extremely angry.
They did not expect Beijing Oriental to counterattack.
However, they were not easy to deal with.
The next day, they gathered their strength again and hit Beijing Oriental's stock price to the limit down again.
But they did not expect …
After Beijing Oriental's stock price hit the limit down for the second time, Huanyu Electronics made another announcement. Huanyu Electronics and TCL had reached a partnership.
This partnership happened after they signed a partnership agreement with Heil.
They had the same idea as Heil.
Although TCL did not enter the LCD market, it did not mean that TCL did not see the future of LCD screens.
They just did not want to invest in LCD screens on a large scale now.
But after the last TV exhibition, Huanyu Electronics' Super TV made them feel threatened.
On one hand, LCD represented the future. On the other hand, if they rashly entered the market, they would have to invest tens of billions.
In the end, they chose a strategy that did not take too much risk, but could still be followed up.
This strategy was the same as Heil's, to let Huanyu Electronics be their OEM and produce Super TV.
Without a doubt.
With TCL's participation, Beijing Oriental's stock price, which had hit the limit down, once again gushed out from the bottom.
"Brothers, brothers, come and see, they're fighting, they're fighting."
"I see, the fight between Beijing Oriental's institutions and Beijing Oriental's controlling shareholders is simply earth-shattering."
"I just don't know who will win in the end."
"I'm in charge of a group of institutions."
"No, I'm in charge of Beijing Oriental's controlling shareholders."
Who was in charge of a listed company's stock price?
Some people said it was the institutional investors.
Others said it was the controlling shareholders of a listed company.
However, no one could convince anyone here.
Because the A-share market was a completely unreasonable place.
But regardless of whether it was reasonable or not, the scene of an institutional investor and a listed company's controlling shareholder fighting was simply a once in a thousand years scene.
Such a commotion instantly attracted the attention of countless stock speculators.
"Motherf * cker, Jingdong wants to fight us to the death."
"Let's fight. I want to show you who the real banker is."
The group of institutional investors was embarrassed and angry.
Beijing Oriental's controlling shareholders were completely challenging their authority.
One had to know that they had always been able to call the shots in the stock market and do whatever they wanted.
Even the controlling shareholders did not dare to compete with them face to face.
But they did not expect Beijing Oriental to jump out and fight with them head-on.
How could they stand such a situation where their authority was challenged like this?
Not to mention that they already hated Beijing Oriental to the core, just this time, for their own authority, they were going to destroy Beijing Oriental.
"Everyone, concentrate your firepower. This time, we will give Beijing Oriental 10% to the limit down."
"Yes, we will make Beijing Oriental the biggest rotten stock in the A-share market."
At this moment, the group of institutional investors' eyes were red.
They did not care about anything else.
Even if it was a loss, they would press Beijing Oriental to the floor and grind it down.
Besides, this loss was not their money anyway.
They were just using other people's money to invest in the stock market.
After the weekend, Monday.
The A-share market reopened.
The group of institutions that had gathered all their forces this time were going to fight Beijing Oriental to the death.
The collective auction after the opening of the market directly pushed Beijing Oriental to the limit down.
Then, the market opened at 9: 30.
Within a second, Beijing Oriental was sealed to the limit down.
Moreover, the group of institutional investors was still afraid that other funds would open the limit down, so they placed 9 million lots on the limit down.
If it was converted into RMB, the funds at the limit down would be 2.7 billion RMB.
"9 million hand seals. F * ck, this is too terrifying."
"I've learned something new. I've really learned something new."
"It's over. Beijing Oriental has been completely defeated by the institutions this time."
Looking at the history of the A-share market, this was the first time in history that 9 million lots had been sealed to the limit down.
No one would have thought that there would be so many organizations that hated a listed company to this extent.
Even during the stock market crash, they had not encountered such a situation.
"F * ck, what should we do?"
"What can we do? Hurry up and sell the shares."
"Sell my ass. The institutions have already placed 9 million lots on the limit down. We can't sell it now."
Some of the small shareholders who had bought Beijing Oriental were a little flustered.
With such a big list being sealed to the limit down, it could be said that Beijing Oriental would definitely have more than one limit down in the future.
Moreover, there were already rumors in the market that Beijing Oriental's controlling shareholder and these institutional fund companies had broken down.
Therefore, the final battle in the stock market was staged.
"It seems that the winners are still these institutions."
"Not necessarily. If Beijing Oriental's controlling shareholder can buy the shares of these institutions, then it will be fine."
"You're being whimsical. Beijing Oriental has raised another 40 billion. This already proves that the controlling shareholder is very short of money. If he has money, why would he need financing? "
"Then, no one else will take over?"
"Who dares to take over?"
Some of the older shareholders looked at the board and sighed in their hearts.
There had always been conflicts between institutions and listed companies, but it was the first time in history that such a fierce fight like today had happened.
However …
Just as everyone was sighing for Beijing Oriental.
The first big order of 9 million yuan that had been hanging on the limit down board was suddenly swept clean by a mysterious fund …
(End of Chapter)
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