Seeing Pang Feiyan enter, Li Yi, Yang Qian, and the others all turned their attention to her.
Upon reaching Li Yi, Pang Feiyan immediately said, “Boss, those guys have already driven the stock price up to 4.5 Hong Kong dollars. Should we keep following?”
“Yes!”
Li Yi then asked again, “How many shares of Hengye Real Estate have they acquired so far?”
“At least 50,000 lots, give or take 5,000!” Pang Feiyan replied.
Li Yi paused to think for a moment, then said, “That’s not enough. They’ll keep driving the price up, but I’ll say it again: no matter what price they offer, we have to outbid them!”
Hengye Real Estate has a total issued share capital of 444 million shares, with 30% in free float, or 133.3 million shares.
Fifty thousand lots represent just over 1% of the total shares, which clearly won’t achieve the other party’s desired effect. Driving up the stock price is essential.
“Yes…”
At the very moment Pang Feiyan was briefing Li Yi, in VIP Room No. 3 not far away, a dozen or so people of various ethnicities and ages—but all with considerable presence—were also discussing the situation at Hengye Real Estate.
“Mr. Sang Chai, the stock price has now risen to HK$4.7 per share. It’s about to double. Should we continue to follow through?”
The imposing middle-aged man seated at the head of the table paused briefly before saying, “Raise the offer price to HK$5 per share!”
No sooner had the words left his mouth than a plump woman in her thirties sitting below him spoke up: “Mr. Sangchai, I must remind you that the one competing with us for Hengye Real Estate shares is likely that Li fellow, and his specialty is driving the stock price to a high before quietly cashing out!”
Sangchai replied calmly, “Thank you for the warning, Ms. Meizhi, but that scenario won’t happen for the time being!”
“Why?”
“Because both sides hold only a limited number of shares. Cashing out at a high price right now wouldn’t yield much profit—it’s not worth it!”
Sangcai continued, “Besides, only by applying maximum pressure can we gauge the other side’s true intentions, so we need to step up our efforts!”
“But what if they really do cash out at the peak? Won’t we end up losing money then?”
This time, the speaker was a dark-skinned elderly man named Monroe, a core member of the Nanfei Consortium.
“If that Li really does that, we’ve won this battle for sure!” Sangchai said calmly.
“Sangchai, don’t be too confident. That young man is extremely cunning, and he often plays by his own rules.”
Monroe continued, “Once he decides to abandon his allies, it’ll be hard for us to hurt him—we might even end up getting ambushed or ambushed by him!”
Many agreed with Monroe’s assessment and chimed in to support him.
Li Yi’s track record spoke for itself; no one dared to underestimate him.
If he chose to go it alone, it would be them who found themselves at a disadvantage.
Although in that scenario, the Chinese Chamber of Commerce—regarded by their masters as a thorn in their side—would likely fall apart.
But they, too, would inevitably become targets of Li Yi’s retaliation, and under his sniper fire, their losses would certainly be devastating.
Sang Chai nodded and said, “That’s precisely why we need to get a clear picture of that guy’s true intentions.”
“After all, Hengye Real Estate isn’t worth much. Even if we let him cash out at a high price, our losses won’t be significant—and when spread across each consortium, they’ll be negligible.”
“But if we can’t gauge his true intentions, the rest of the plan won’t move forward. I think you all understand what choice we have to make!”
Upon hearing Sangchai’s words, the dozen or so people in the room fell silent.
After a long pause, Monroe—who looked like a dark-skinned monkey—finally spoke up: “Mr. Sangchai, you’re the commander-in-chief we’ve all unanimously chosen, and your Sini Consortium is the strongest among us. Whatever you say, we’ll follow!”
“That’s right, Mr. Sangchai. Do as you see fit!”
“Please give your orders, Mr. Sangcai…”
Sangcai nodded, then immediately ordered the trader waiting nearby to continue raising the bid!
As soon as Sangchai’s order was given, Hengye Real Estate’s stock price once again experienced violent fluctuations.
As both sides engaged in a fierce bidding war, by 3:00 p.m., Hengye Real Estate’s stock price had soared to 11.2 Hong Kong dollars, yet neither side showed any signs of backing down.
However, as both sides continued to drive up the stock price, retail investors rushed to sell off their holdings to cash out.
At this point, aside from a small portion of shares still held by some institutions waiting for the right price, the rest had all fallen into the hands of those overseas consortiums and Starry Sky Company.
At 3:30 p.m., with less than half an hour left before the market closed, Sangchai’s side made another push, instantly driving the share price up to HK$12.
Starry Company, unwilling to be outdone, immediately raised the price to HK$12.20. Spurred by the high prices, the turnover rate for Hengye Real Estate’s shares surged.
Seizing this opportunity, Sangchai issued the order to cash out!
After half an hour of BB Xi TR’s charade of buying a little and selling a lot, Sangchai and his team finally sold off all their shares just before the closing bell rang…
………
VIP Room No. 3!
“Boss, all shares have been successfully liquidated. The proceeds will be settled by noon tomorrow!”
Upon hearing the trader’s report, the dozen or so men and women in the room all cheered.
Sangchai nodded in satisfaction, then said, “Tell me about today’s situation!”
The trader replied immediately, “In this trade, we invested 400 million Hong Kong dollars to acquire 80 million shares of Hengye Real Estate. The average purchase price was 5 Hong Kong dollars per share, and the average selling price was 11.5 Hong Kong dollars per share, resulting in a profit of 520 million Hong Kong dollars…”
Hearing this, the VIP room erupted once again in enthusiastic applause and cheers.
520 million Hong Kong dollars—divided among the six consortiums, each stood to gain nearly 100 million Hong Kong dollars.
Sangchai glanced at the others in the room and said, “Although the profit today isn’t huge, it’s still a successful start—a good omen!”
“More importantly, the other side never gave up during today’s battle. This shows their resolve is unwavering—they’re determined to protect those Chinese-owned companies. Since that’s the case, we’ll proceed with Plan B.”
Sangchai then shifted his tone and continued, “Once you return, report today’s developments to your respective leaders. I expect all remaining funds to be in place before the market opens tomorrow!”
No sooner had he finished speaking than Monroe chimed in loudly, “Rest assured, Mr. Sangchai. The Nanfei Consortium’s 1.5 billion US dollars has already been transferred to Hong Kong and is ready to be deposited into the stock trading account at any time!”
“Our Bayang Group’s funds are also ready and will be transferred to the trading account on time tomorrow!”
“Our Felida Group’s funds are already in place…”
………
Hearing everyone’s responses, Sangchai’s mood grew even more cheerful.
Not only had they made 500 million Hong Kong dollars today, but more importantly, he believed he had found Li Yi’s Achilles’ heel.
And Plan B had been devised specifically to exploit this weakness of Li Yi’s; once he fell into the trap, they would inevitably bleed him dry.
By then, not only would Star Investment be finished, but the Chinese Chamber of Commerce would be dissolved as well.
Thinking of the promises made to him by the London side, Sang Chai suddenly felt that the position of consortium president was beckoning to him, and that his life was about to reach its peak.
However, they had no idea that Li Yi had already dug a massive pit, just waiting for them to fall in.
It is well known that the most skilled hunters often appear as prey themselves, and Li Yi was clearly a hunter of the highest caliber.
Those hundreds of millions of Hong Kong dollars were nothing more than bait he had cast out…
……..