In the next ten days or so, Chen Taotao seized the time and sold off the stocks he held.
Xiang Nan escaped even faster. He had already begun selling his shares in July.
Sell a little every day, sell a little every day.
Because the stock market is booming, and real estate stocks in particular are very popular, people buy Wanbang stocks when they are sold, which does not cause an imbalance between supply and demand in the market. Therefore, almost no one outside the world knows that Xiang Nan actually has no more Wanbang stocks in his hands. .
However, there is no airtight wall in the world, and his situation was still known to those who were interested.
"He secretly sold so many stocks. Do you really think I won't notice it?" Chen Wanxian said with a sneer.
Although he is still being held in Pak Sha Wan Correctional Institution, he will be released in a few days. After he was released from prison, he wanted to take back everything he had lost.
And the Wanbang system is his first goal.
Although he was kicked out of the company, these companies were all founded by him after all, and he has people from top to bottom. Although Xiang Nan has been in charge for two years, it has not been completely cleaned up, so he can still receive inside information.
In addition, he has been the chairman of the Chinese Bank, and countless securities companies and stock brokers in the industry are with him. Therefore, he is much better informed than the average person.
When others didn't realize that Xiang Nan had sold out all the Wanbang stocks, he already knew it.
"Okay, very good, buy the goods for me, I want to take back the Wanbang series." Chen Wanxian said viciously.
"Mr. Chen, the current market value of Wanbang is more than 25 billion Hong Kong dollars. If you want to take it back, you must acquire at least 30% of the shares, and it is estimated that it will cost at least 10 billion Hong Kong dollars." After hearing this, his subordinates immediately advised road.
"Hmph, what, do you think I have no money?" Chen Wanxian glared at them and said, "Give me the goods. I will figure out a way for the money myself."
The subordinate had no choice but to nod.
…
Chen Wanxian then relied on swiping favor cards to obtain support from several banks in Hong Kong and underground banks in Baodao. Together with his personal net worth of 2 billion Hong Kong dollars, he obtained a total of 12 billion Hong Kong dollars in capital, which also gave him Regain the strength of the Wanbang family.
Therefore, starting from October, Chen Wanxian began to purchase Wanbang stocks in a large amount, trying to win them back.
Xiang Nan also quickly noticed that the stock price of Wanbang Group had risen abnormally, and the trading was a bit too hot.
He quickly asked Chen Taotao to help him investigate, and finally found Chen Wanxian.
"It's actually him. It seems that he wants to take back the Wanbang Group." Xiang Nan sighed after seeing the result, "It's no wonder, after all, he created these seven companies."
Chen Taotao nodded and could understand Chen Wanxian's approach.
"Do you want to tell him that the stock market crash is just around the corner and not to buy stocks at this time?" Xiang Nan asked again.
Chen Taotao thought for a moment and then said, "I will tell him, but I don't think he will listen."
"Do your best and obey fate." Xiang Nan advised, "This way, even if something happens in the future, at least you can have a clear conscience."
Chen Taotao nodded.
Later, he went to Pak Sha Wan Correctional Institution and found Chen Manxian.
"I know you are buying up shares of Wanbang Group in a big way. I tell you, stop it immediately." He said to Chen Wanxian.
"Why, what right do you have to control me?" Upon hearing this, Chen Wanxian immediately said with disdain, "What qualifications do you have to say such things to me?"
Seeing his arrogant character, Chen Taotao couldn't help but feel angry, but he still suppressed his anger and said, "I want to remind you that the stock market crash is coming soon. If you buy now, you will lose money in the future. Clean and tidy."
"Who are you scaring? The stock market crash? What a joke." Upon hearing this, Chen Wanxian curled his lips and said, "I have been in the stock market for so many years. How dare I not be as good as you? The stock market crash, you really dare to say that!"
Let me tell you, don’t think that you are awesome just because you beat me once. Let me tell you, bastard, if you want to teach me a lesson, you still have a long way to go. "
"Okay, I'm done. If you like to hear it, just listen. If you don't like to hear it, forget it." Chen Taotao stopped nagging him when he saw him uttering evil words, and stood up and left.
"Hmph, you still dare to bluff me. When I don't know, you are afraid that I will buy back the Wanbang family, so you are deliberately alarmist." Chen Wanxian said proudly, with wisdom that seemed to see through everything.
…
Friday, October 16th.
The U.S. Dow Jones Industrial Index suddenly plummeted 91 points, triggering market panic and causing a domino-like chain decline in global stock markets.
The Hong Kong Hang Seng Index fell by more than 100 points.
However, since this year, the Hang Seng Index has risen from 2,500 points to 3,900 points, so a drop of only 100 points did not arouse everyone's vigilance.
On the contrary, many investors thought it was an opportunity to get on board and chose to buy at low prices. So near the close, the Hang Seng Index rebounded by more than fifty points.
As a result, people relax their vigilance even more.
Only Xiang Nan knew that the stock market crash was coming soon.
Sure enough, as soon as the market opened on Monday, the U.S. stock market plummeted.
The Dow Jones index plummeted 508 points, a drop of 22%.
The collapse of the U.S. stock market quickly spread its impact around the world.
Soon the Financial Times Index in London plummeted by 10%, the Tokyo Index in Japan plummeted by 16%, and stock markets in France, Belgium, Xingjiapo and other countries also plummeted by nearly 10%.
Therefore, affected by these general circumstances, the Hong Kong stock market plummeted as soon as it opened on Monday.
Fifteen minutes after the market opened, the Hang Seng Index fell 120 points, and then the decline slowed down.
When people thought this was just a normal technical adjustment, a new wave of selling frenzy soon emerged again, causing the Hang Seng Index to plummet again.
By the time the market closed at noon, the Hang Seng Index had only over 3,500 points left, having fallen by more than 200 points, a drop of as much as 8%.
Seeing this, all investors and all capital realized that the stock market crash was probably already coming.
…
"Zhanbo, you really hit the mark." Chen Taotao called Xiang Nan.
"Although I was right, to be honest, I really don't want it to happen." Xiang Nan said with emotion.
"Yes." Chen Taotao nodded, "After today, I don't know how many people are going to jump off the building."
In just one morning, more than 20 billion Hong Kong dollars in market value of the Hong Kong stock market disappeared out of thin air. The total number of shareholders in Hong Kong is about one million, which is equivalent to a loss of 20,000 Hong Kong dollars per person.
For many investors, this is probably a lifetime savings.
In comparison, Xiang Nan sold his stocks early, so not only did he not suffer any loss, but he also received more than 10 billion Hong Kong dollars in cash.
After the stock market crash, when the stock price plummeted, he bought the shares back. By then, his net profit will reach more than HK$6 billion.
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