Chapter 84: Chapter 84: The Final Battle?
Guan Lin was one of the directors of Tianyu Group.
He was an early follower of Zhang Zhongguo and now held 3.5% of Tianyu Group's stock.
Now, he was older and not as involved in the affairs of Tianyu Group and was currently traveling.
Something had happened to Tianyu Group last night, and someone had called him to warn him. Thus, he spent all day monitoring the trend of Tianyu Group's stocks.
Seeing the drastic drop at the opening of the market, he was somewhat hesitant. Yesterday's incident had caused quite a stir, and his experience told him that Tianyu Group's stock might fall a lot this time.
Normally, he might have sold some shares first, then repurchased them when the prices were lower.
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This was something he often did. Using his position in the Group, he occasionally obtained some information, buying low and selling high, making some money on the margin.
The market value of his shares was about 500 million. Slight trading to gain some price difference would yield millions, or even tens of millions, which was almost enough for his daily expenses, not to mention his annual dividends. He was living a comfortable life.
However, this morning, Zhang Zhongguo had called him, instructing him not to sell his shares.
Tianyu Group was in a critical period, and funds were not ample. If he sold his shares, it could trigger a chain reaction.
Guan Lin had agreed on the spot.
All his wealth was in Tianyu Group's shares. He planned to depend on Tianyu Group for the rest of his life. Naturally, he did not want anything to happen to Tianyu Group.
But precisely because he intended to rely on Tianyu Group for the second half of his life, he was monitoring the stock trend of Tianyu Group all day today.
If something came up, he could react in time.
Seeing that Tianyu Group's stock price stabilized after falling by 2%, and even began to rise, Guan Lin nodded slightly.
This must be Zhang Zhongguo's doing. He knew Zhang Zhongguo very well. Zhang was not a man who would allow others to take advantage of him. Clearly, someone was attacking Tianyu Group. If it was a mild-tempered chairman, he might sell some shares to reduce the loss and then buy a large amount when the price is low.
After the public opinion blew over, raise the price and sell the shares bought earlier, earning some margin.
In the worst-case scenario, the loss would not be too great.
However, this would also benefit those who were attacking Tianyu Group.
Zhang Zhongguo always considered Tianyu Group as his territory and would never let an unknown person, even less someone attacking Tianyu Group, take a bite easily.
No wonder Zhang Zhongguo had asked him not to sell his shares, so this was why.
He did have faith in Zhang Zhongguo's ability.
Since Zhang Zhongguo acted this way, this matter should be under his control.
"Ding!"
Just at this moment, an electronic sound rang out and a pop-up window appeared on the computer screen he was looking at.
"Hmm?"
Guan Lin was about to close the pop-up window when he suddenly noticed the four characters for Tianyu Group on the window.
He quickly opened it.
"The Dark Side of Tianyu Group's Rise! Tianyu Group Executives' Bribery Data!"
Once Guan Lin opened it, he was instantly directed to a portal website's homepage. The headline was prominently displayed before him.
Guan Lin was taken aback and hastily clicked on the link to the headline.
The web page detailed the early developments of Tianyu Group, along with records of bribery by senior executives to some officials. Guan Lin, being a veteran and core member of Tianyu Group, immediately realized that these accounts were true since many were things he himself had done.
Many large enterprises that grew from small beginnings were not always clean in their early days. Tianyu Group was no exception, and the records were of those unclean deeds.
Guan Lin turned pale and broke out in a cold sweat.
What's going on? How did these materials end up online? And on a homepage of a portal website?
Just yesterday, their Tianyu Group's video was posted on the homepage of various portal websites. He was quite familiar with these sites and also understood the power of being on the homepage.
"Ding!"
"Ding!"
Just then, pop-ups appeared one after another, each showing different portal website's homepage.
Without exception, that post was everywhere.
Guan Lin's palm was trembling as he opened each link, the more he looked, the more shocked he was, and the more afraid he became.
"Beep——"
Just then, his stock trading software emitted a piercing alarm sound.
Guan Lin's face changed drastically and he quickly opened his stock trading software.
The display showed that Tianyu Group's stock had already fallen by five percent and it was still rapidly falling.
Guan Lin's heart skipped a beat and he felt a sudden sense of panic.
If the information in that post was confirmed by relevant departments, their Tianyu Group would probably face a major crisis. It wasn't just about the stock price plummeting, it could even lead to bankruptcy.
This was not an exaggeration. Tianyu Group had made some big moves recently, involving a lot of loans. If anything went wrong, all the ongoing projects would be affected. The capital chain of a large corporation was crucial. If this type of problem occurred, it could cause a chain reaction and it was hard to say how much of Tianyu Group's final assets would remain.
Was the person targeting Tianyu Group aware of some insider information? Did they know that Tianyu Group was about to face a huge crisis?
At 11:15 am, Tianyu Group's stock had fallen by six percent!
A panic selling trend had taken place and many shareholders started to sell Tianyu Group's shares in large amounts. Some traders who wanted to short the stock also began to do so quickly.
Sell! Sell! Sell!
Without any hesitation, Guan Lin quickly clicked his mouse, starting to place orders to sell Tianyu Group's shares.
As for the pledge he made to Zhang Zhongguo in the morning, he had already put it out of his mind.
He was afraid that if more people saw the post, he wouldn't be able to offload his shares anymore.
There were just over ten minutes left till the morning trading halt, there wasn't much time left.
He had a lot of shares. If he couldn't sell them off before the pause, within the one and a half hours before the reopening in the afternoon, that post would be discovered by more people, causing a big commotion. Selling those shares in the afternoon would then become very difficult.
At Tianyu Group's headquarters.
"Five percent... six percent..."
"Quickly open a new account... buy quickly..."
The traders of Tianyu Group were all flustered, quickly reporting the situation to Zhang Zhongguo.
The force of the short-sellers had suddenly increased dramatically. Coupled with a large number of panic sellers and trend followers, they were caught off guard.
Fortunately, the most significant force was using margin trading, which had a sell-off price limit. Otherwise, they might have been crushed by a sudden drop halt.
"This could be their last bit of strength. We must hold on." Zhang Zhongguo said calmly.
Despite continuous shorting, the stock price had not fallen. He had long anticipated a desperate fight.
This was the decisive battle. As long as they were able to withstand this round of decline, they almost had it in the bag.
Unfortunately, Tianyu Group had been moving around a lot lately and had exhausted most of their ready cash. Otherwise, however much the other side sold, he would take. If he gathered the majority of the floating shares in the market, it wouldn't be easy for the other side to return them.
At that time, he would make those targeting Tianyu Group understand that messing with them was far from being as straightforward as they thought.
"Beep! Beep! Beep!"
Just then, the stock trading software in front of several of Tianyu Group's traders emitted a series of sharp alarm sounds.
"Six point two percent… six point five percent… six point seven percent…"
"This isn't right; the opponent is no longer selling short positions..."
The traders of Tianyu Group exclaimed, their faces changing dramatically.
"Keep buying!" Zhang Zhongguo coldly ordered.
At this point, there was no turning back. If their opponent had targeted Tianyu Group, it was only natural they held some of their shares.
The only thing of uncertainty was how many stocks the opponent had.