Just 10 days after David bought the shares, the share price of Dagong Construction Group doubled again, hitting new highs all the way.
Although I bought it at a 100% premium, the 2 million Chinese RMB I invested turned into 2.5 million RMB within 10 days. The stock market is so profitable, why are we selling opium and doing business? If we invest more money, what will happen? It’s not that profits have become astronomical.
David began to imagine that he would soon lead the Shasun family to the top of the world's wealth list, and that he would also leave a strong mark in the history of mankind.
David began to want to invest more, so he found Li Xiaoyan, a charming female president.
"President Li, our family is very optimistic about Dagong Construction Company and would like to continue to invest an additional 4 million Chinese yuan to purchase 10% of the shares!"
Li Xiaoyan saw that this water fish had completely bitten the hook.
"If you can grant me a request, I can help you!"
"any request!"
David was a little excited.
"I have been cooperating with Zhongzhou Bank. Now they want me to help with the loan business. You can mortgage your HSBC shares to apply for a two-month loan of 2 million Chinese RMB. I will agree to pay 400 It is possible to transfer 10% of the shares of Daguo Construction Company at a price of RMB 10,000."
A 2 million Hua Xia RMB loan requires more than 50% of the shares of HSBC Bank. David thought to himself, although the interest rate is 2% a month, as long as he keeps this 2 million yuan loan, interest will be added after two months. Just pay it back.
"No problem, I'm willing to invest more."
David actually mortgaged his shares in HSBC.
Ten days later, the stock price of Dagong Construction Company continued to rise, and David actually earned 1 million Chinese yuan in 20 days.
When it comes to stocks, you don't know whether you can make a profit until you sell them, because what you are holding is like a check, and you don't know how much it will be worth in the end.
David originally planned to return to the Indian area first. After all, investing 6 million Chinese yuan was a sky-high price.
Suddenly, someone in the secondary market began to sell the shares of Dagong Construction Company, causing the total market value to drop to 20 million Chinese yuan. David was a little surprised. This part should be controlled by Li Xiaoyan. Could something happen to her?
David hurried to Li Xiaoyan's office and saw Li Xiaoyan with messy hair, slumped on the sofa.
David thought to himself that if something big happened, he would be in trouble. He had invested 6 million Chinese yuan. If he went to buy land, he could buy more than 4 Alaska areas.
"President Li, did something big happen to the company?"
"Our people in the government have been investigated, and the company's capital chain is now having problems, and a lot of money is needed to solve these problems."
Li Xiaoyan replied weakly.
"How much capital does your company need? Our family can purchase your shares."
I invested 6 million Chinese yuan. If I lose all my money, my family will have no way to explain it. Now I am in the same boat as Li Xiaoyan.
"You still need 4 million Chinese yuan, and we can give you 30% of the shares."
David thought to himself that this transaction was not a loss. After buying this part of the equity, he would soon become the largest shareholder. If Daguo Construction Company could survive, his family would also monopolize many infrastructure projects in China.
Five days later, the stock price of Dagong Construction Group rose a little. Xu Xiang continued to sell in the secondary market, and the stock price fell back to 20 million Chinese yuan. David was a little panicked, why was it still sold?
So, I found Li Xiaoyan again.
"President Li, why is someone selling shares of Dagong Construction Company again? What's going on?"
Li Xiaoyan's mental state was obviously much better this time, so she asked David to sit on the sofa and drink a cup of tea first.
"It's all trivial. It's just that a few small shareholders can't agree and insist on selling. They are short of money recently."
David now owns 45% of the shares of Dagong Construction Group. The stock price cannot fall casually. A fall will cause him considerable losses.
So David began to continue buying stocks through the secondary market.
Xu Xiang continued to sell stocks, and David had entered a feverish state and kept spending money to buy. He actually spent another 2 million Chinese yuan to increase his holdings by 10%.
At this time, David has become the largest shareholder of Daguo Construction Company, accounting for 55% of the shares.
The net can be closed.
David had just spent a full day trading on the stock exchange and was exhausted.
However, just as the market was about to close, a large number of sell orders appeared, directly driving the stock price of Dagong Construction Company to 150 Chinese RMB (total market value of 15 million Chinese RMB).
David was completely confused, who was selling it, no end!
He went to find Li Xiaoyan, and the front desk said she was on a business trip.
He wondered if he had been deceived, but he had already invested so much and had no way out. He could only continue to raise money in the hope that the stock price would come back to life.
The next morning, David had already used all the family's money for emergencies.
Daguo Construction Company also made an announcement, predicting that its net profit will increase tenfold this year.
David was overjoyed, now that it was stable, these funds should no longer be needed.
As a result, when the market opened at 9:30, the staff who quoted prices on the blackboard directly adjusted the stock price of Dagong Construction Group to 130 Chinese yuan.
David was confused. There was good news tomorrow, so why was it still falling? He couldn't care so much. In order to stabilize the stock price, he continued to spend money to take over the market.
David was bought from the major shareholder to the chairman of the board. In the end, his shareholding reached 90%. He also used up the 2 million yuan from the loan, and the stock price stabilized at 200 Chinese yuan.
At this moment, he could no longer look back.
Suddenly, Xu Xiang continued to work hard behind the scenes and continued to sell the remaining 10% regardless of cost. David's bullets had been used up and there was no way to stabilize the stock price.
At this moment, David completely realized that he had been fooled.
The stock price of Daguo Construction Group on the blackboard: 180…150…120…80…40…10…1…0.5…
The stock price of Dagong Construction Company completely collapsed and fell directly to 0.5 Chinese RMB at the closing price.
David's psychological defense has been completely broken down, and now he doesn't even have the money to repay the loan.
David went to the stock exchange to make a fuss, but he only received a reply: "Investment is risky, so be cautious when entering the market."
David immediately went to check the fixed assets of China Construction Bank and found that there was only one office building, which was rented. He was so angry that he fainted on the ground.
HSBC was naturally acquired by China Continent Bank.
The Shanghai Stock Exchange also used Dagong Construction Group as a typical example to warn all investors that they need to be cautious when investing.
Since then, a generation of drug lords has come to an end...
