Chapter 219: Close the door and beat the dog (Ch 824568130)

Generally speaking, Hong Kong stocks are closed for about four and a half days during the Spring Festival.
Therefore, the Hong Kong stock market reopened on the third day of the Chinese New Year.
On the same day, Quantum Fund first used overseas channels to secretly release some good news, quickly raising the stock price, and then quickly sold the shares.
Zhong Liwen of New Century Fund, which was also paying attention to Quantum Fund, sold out the 17.6% shares that he had purchased at a low price earlier in batches almost at the same time.
This lasted for nearly a week.
Until the tenth day of the new year.
New Asia Bank is located in the office building of Bank of China.
Its chairman Li Linqi and several other major shareholders are concerned about the recent stock surge.
We have received an inquiry letter from the China Securities Regulatory Commission this morning, asking them to explain several pieces of news that came from overseas on the third day of the Chinese New Year. If there is any information, please disclose the details. If it is false news, please clarify the facts as soon as possible to avoid losses for investors.
One of the shareholders had a complicated look in his eyes, but he chose to remain silent.
After all, a friend’s death is better than mine. His overseas account has already received the money from the Quantum Fund, and he will not suffer any loss even if he sells the shares of New Asia Bank he holds at a low price.
Right at this moment.
A secretary rushed in.
“Chairman, this is bad, please take a look at this…”
Lin Qi frowned. He knew his secretary’s character. He was steady in front of others, but this time he came in without even knocking. It was obviously an emergency.
Lin Qi grabbed the newspaper and took a look at it. His eyes became serious. The headline of the newspaper read:
【Yadong Bank’s financial fraud…】
“Hoohoo…” Looking at the data in the newspaper, which was almost word for word, Lin Qi’s face turned pale. At the same time, he clenched his fists and looked at the six major shareholders present: “Who among you leaked the details of the Kaifu acquisition case?”
“What?”
“The secret of the Kaifu acquisition was leaked?”
“Old Lin, you know me well. We are all in the same boat. How could I reveal such a secret to outsiders?”
“yes!”
“Could it be that someone from Kaifu Company leaked the information?”
Lynch’s face was gloomy.
One of the directors had already opened his laptop and saw that their company’s stock price began to plummet within less than half an hour after the opening. Just now, during their meeting, it fell by nearly 5 points.
“Lao Lin, what should we do now?”
Facing the questions from other directors, Lin Qi frowned. He knew that the current solution was to buy back the shares as soon as possible, but he also knew that the acquisition of Kaifu Company was real and could not withstand an in-depth investigation by the China Securities Regulatory Commission.
In other words, if he announces the share repurchase now, he and other board members will be in trouble after the CSRC investigates the matter in a few days.
But if we don’t repurchase the shares now, it will directly confirm that what the media reported is true.
It’s just the result of dying early or dying late.
Taking a deep breath, Lin Qi ordered: “Aming, you should immediately issue a notice saying that the news reports are pure rumors. I hope that shareholders will make rational judgments.”
The secretary nodded solemnly: “Okay, Chairman, I will issue the announcement immediately.”
They did not know that the shareholder who had entrusted the stocks to others, together with Quantum Fund and New Century Fund, had accelerated the sale of their stocks through various accounts and had simultaneously shorted New Asia Bank.
When other institutions in the Hong Kong financial market saw that the short-selling power of New Asia Bank had suddenly increased, short-selling funds several times the size of the sell-off poured in, which prompted other institutions to follow suit and start shorting in small quantities.
At the same time, the previous acquisition of Kaifu Company has also attracted the attention of many financial institutions and the Hong Kong Securities Regulatory Commission.
Although investors regained some rationality after seeing the announcement of New Asia Bank, as the selling continued and the short-selling force continued to increase, but New Asia Bank has not announced a repurchase plan, investors began to lose interest and started selling.
At noon, two other major newspapers in Hong Kong also reported the incident on their own websites, and at the same time produced some information provided by “insiders”, further confirming the financial fraud of New Asia Bank and various problems in the acquisition of Kaifu Company.
As soon as the market opened in the afternoon, the stock price of New Asia Bank plummeted again by the end of the day.
The market value of New Asia Bank, which had reached HK$32.2 billion at its peak, has fallen by nearly 44% and currently only has a market value of HK$18.032 billion.
The Hong Kong Securities Regulatory Commission and the China Banking Regulatory Commission held a meeting overnight and asked New Asia Bank to accept investigation and questioning.
However, at this moment, one of the major shareholders secretly took a plane and ran away in the afternoon. This guy was the insider who was coerced by the Quantum Fund.
The next day, when Lin Qi and others were preparing to deal with the CSRC, they found that the guy had disappeared without a trace.
While Lynch and others were under investigation, New Asia Bank continued to plummet, and more rumors came out. As a last resort, New Asia Bank was urgently suspended from trading by the Hong Kong Securities Regulatory Commission that afternoon.
Before the suspension, New Asia Bank’s stock price evaporated by more than 7 billion again, and its current market value is only 10.6 billion Hong Kong dollars.
Quantum Fund has made a profit of nearly 8 billion Hong Kong dollars from this short selling.
However, the New Century Fund hidden behind it also made 3.3 billion and raised its shareholding ratio to a high of 18.6%.
It’s just that the New Century Fund has been holding back.
Zhong Liwen, who is familiar with the Hong Kong stock trading market, is very clear about the current fate of New Asia Bank. He also knows that Quantum Fund and its accomplices are sharpening their knives.
Although there is no fixed standard for the suspension period of Hong Kong stocks.
If the stock is suspended due to the release of price-sensitive information, it will generally have to wait until the information is released before resuming trading, a process that may take several days or weeks.
For example, when a company conducts major acquisitions, restructuring, or other complex matters, the suspension period may be longer, ranging from weeks to months, or even more than a year in extremely complex cases.
If a stock is suspended due to abnormal fluctuations, it is usually to maintain a fair and orderly market. The suspension may last for 1 to 2 days and will resume trading after the listed company issues an announcement explaining the reasons for the abnormal stock price fluctuations.
It is obvious that New Asia Bank belongs to the latter. It will probably take two or three days to investigate the situation of Lynch and others in the acquisition of Kaifu Company.
The day that New Asia Bank resumed trading was the day their stock price completely collapsed.
That was also the moment when Quantum Fund launched its general offensive.
Driving past the branch of New Asia Bank in Central, Zhong Liwen saw citizens queuing up to withdraw money and knew that a chain reaction in the stock market was coming.
As a commercial bank, if there is a run on the bank, the consequences will be very serious.
What’s more, New Asia Bank itself has many problems, and it is estimated that the China Banking Regulatory Commission will take action soon.
I bought dinner and returned to the office. The sun was setting outside.
When Zhong Liwen saw that his boss had sent him another message, he quickly checked it. After a while, he knew what to do.
The abnormal fluctuations in the shares of New Asia Bank were finally announced on the fourth night.
Once the announcement is made, it also means that the matter has been settled.
But that evening, a special email suddenly appeared in the mailbox of the head of the Hong Kong Securities Regulatory Commission.
Early the next morning.
New Asia Bank resumed trading and its price plummeted again. The market value fell from HK$10.6 billion to less than HK$2.8 billion in just one morning, and it was almost on the verge of bankruptcy and liquidation.
And just this morning, the various secret accounts of New Century Fund had taken up more shares than expected, accounting for 68.9% of the shares.
The Quantum Fund was also sharpening its knives, preparing to blow up more than a dozen other local financial institutions in Hong Kong in the afternoon, triggering another financial crisis in Hong Kong.
However, Quantum Fund has not yet taken action.
The Hong Kong Securities Regulatory Commission acted quickly and directly suspended trading of the stocks of the 17 related financial companies. It issued an announcement stating that international hot money was trying to disrupt the market. At the same time, in order to avoid financial risks, the stock trading was suspended for a period of time.
Quantum Fund and its accomplices were hit hard. They still held tens of billions of stocks, but their stocks were suspended.
At the same time, New Asia Bank, which was fined HK$500 million by the Securities and Futures Commission, is also facing a life-and-death situation.
That afternoon.
Zhong Liwen brought his team to the headquarters building of New Asia Bank.
As soon as he sat down, Zhong Liwen got straight to the point: “Boss Lin, I want to buy all the stocks you have. Name a price!”
“Mr. Zhong, isn’t he aware of the situation of New Asia Bank?” Lin Qi frowned.
“You just need to answer whether you are willing or not. Don’t ask other irrelevant questions.” Zhong Liwen looked at the other major shareholders.
“Mr. Zhong, I am willing to do so. I still have 5.6% of the shares.”
“Mr. Zhong, I also have 3.6% of the shares, and it’s only 3 yuan per share…”
Zhong Liwen sneered: “Haha, 3 yuan per share? What’s the current market price? One price, 50 cents per share. If you want it, sell it all to me. If you don’t want it, just keep it for yourself!”
“Huff, huff…” An older shareholder was so angry that his lips turned purple. He quickly took a few heart-protecting pills to calm down.
“Mr. Zhong, can you be a little taller?”
Zhong Liwen’s eyes were full of sarcasm. “Haha, the winners are the kings and the losers are the bandits. You guys messed up, and I’m saving you now. Don’t be ungrateful, or you’ll go bankrupt! After paying the 500 million fine, there are still the investment penalty fees, which add up to nearly 3 billion. How much is the market value of New Asia Bank now?”
His secretary promptly chimed in, “Mr. Zhong, the market value of New Asia Bank has fallen below 2 billion.”
Lin Qi was in great pain. Facing this situation, he was really powerless to change the situation. He gritted his teeth and said, “I’ll sell it.”
“A man of insight is a wise man. Notify other shareholders to come over!” Zhong Liwen knew that the other party would give in. After all, these guys knew very well whether it was a safe exit with tens of millions or bankruptcy and liquidation in the end.
One afternoon.
New Century Fund acquired 24.7% of the shares from Lin Qi, chairman of New Asia Bank and others.
Plus the 68.9% that was previously secretly controlled.
93.6% of the shares of New Asia Bank are held openly or secretly by New Century Fund.
This office building and 13 bank branches also became part of the New Century Fund’s portfolio.
Early the next morning after the transaction was completed, Zhong Liwen, who had become the acting CEO of New Asia Bank, sent people to pay the fine from the China Securities Regulatory Commission, compensated each investor for breach of contract, and terminated the previous cooperation contract.
At the same time, it issued an announcement announcing that it would privatize New Asia Bank and purchase an unlimited number of New Asia Bank’s outstanding shares at a price three times the current share price.
In addition, it was announced that it would introduce funds from the New Century Fund to increase its ability to resist risks, and this method of introducing funds can naturally only be done through the issuance of new shares.
In other words, if the remaining 6.4% of retail investors do not take action, they can only wait for the new shares to dilute their shares, which have little value to begin with.
After a series of combined efforts, another 3.9% of the shares were taken from the market that morning. The rest were probably die-hards or they simply forgot that they had bought shares of New Asia Bank.
In the past two days, the Hong Kong financial system has no time to pay attention to the matter of New Century Fund acquiring New Asia Bank, because after an in-depth investigation, they were scared out of their wits.
If someone had not tipped off the situation in advance, Hong Kong’s financial system would have been severely damaged.
Now they have frozen many secret accounts of Quantum Fund and related speculative capital, and are preparing to deal with the 17 parasitic financial companies by clearing mines one by one.
Speculative capital such as Quantum Fund, which was shut down, was now as anxious as ants on a hot pan.
However, after the truth was revealed, the various pawns they bought obviously did not dare to speak openly for the Quantum Fund.
at the same time.
At the same time, New Century Fund also launched a full-scale attack on Quantum Fund and its associates in the global financial market.
Quantum Fund headquarters.
The old man with age spots all over his face had turned extremely dark when he heard the urgent reports coming in.
“Fuck! Who is that? Huhu…”
“Boss, our investment branch in Europe has been investigated, and the funds in Europe have been frozen.”
Another bad news came.
In less than three hours, one of the most important investment banks behind Quantum Fund was exposed for financial fraud, which became the last straw that broke the camel’s back.
The old man was so angry that he had a heart attack. Because he had replaced his heart several times, the transplanted heart had an immune response. Under this continuous stimulation, he suffered a myocardial infarction.
Although his secretary discovered it in time and asked a private hospital to come and rescue him.
But at this critical moment, if a person at the helm suddenly has to be hospitalized for emergency treatment, it is definitely a fatal crisis.
The Quantum Fund was in a semi-paralyzed state and was unable to make timely decisions for a while, resulting in increasing losses.
However, the cooperating international speculative capital had already run away and did not care about the life or death of Quantum Fund at all in this situation where monkeys scatter when the tree falls.
The Quantum Fund fell apart.
In the private hospital, Dr. Smith, who was directing the rescue, showed a look of regret on his face after hearing the call from the insurance company.
“Doctor, the patient is awake.”
“Oh?” Dr. Smith glanced at the old man, who opened his eyes and looked a little confused.
He waved his hand: “Notify the family to come and pay the fees, or arrange for discharge.”
After a while, a nurse came in and said, “His wife said she has no money, so let’s send him directly to a nearby shelter.”
“Shit…” The old man widened his eyes and then died.

Người mua: TheAn, 23/01/2025 18:05