Chapter 806: Another Market Crash!

Hong Kong Stock Exchange!

Just as all the brokerage firms and speculative investors holding long positions in Huifeng Stock realized something was wrong and were preparing to cut their losses and exit the market, Star Investment struck again.

Pang Feiyan personally led her team into the trading floor and placed an order once more.

Only this time, she wasn’t placing a buy order—she was selling Huifeng shares.

120,000 shares, priced at—30 Hong Kong dollars per share!

Whoosh!

Upon seeing this quote, everyone in the trading floor was stunned. That bastard was dumping shares again.

In an instant, everyone realized the truth: it was clearly Starry Sky’s people who had been pulling a fast one all along. Those orders that had just hit the market were theirs—they’d all been played for fools.

But that bastard Li Yi—he’d already covered his own position and was done playing the game, yet he still jumped in to dump shares!

120,000 shares might seem like a lot, but it’s only 1,200 lots. Compared to Huifeng’s massive market cap of over 4 billion shares, it’s practically negligible.

But with this order dumped at a low price, who in the market would dare to buy Huifeng stock? Huifeng’s share price was about to crash.

Sure enough, shortly after Star Investment placed that order, Huifeng’s share price—which had been surging rapidly for over a week—collapsed instantly.

It first slid from HK$65 per share all the way down to 52, then dropped to 45… 39…

By the time Dolsen received the news and returned to the exchange from downtown, Huifeng’s share price had already plummeted to HK$35 per share.

But even so, there were many sellers and few buyers…

No, it would be more accurate to say there were absolutely no buyers.

After all, before Star Investment got involved, Huifeng’s total market capitalization was only 18 billion, which worked out to about 17 Hong Kong dollars per share. Anything above that meant you were buying at a loss.

Anyone with half a brain knew that entering the market at this point meant being a sucker, a fall guy!

In VIP Room 9, after listening to Henry’s report with a pale face, Dolsen seemed to have been struck by a heavy blow; he slumped lifelessly onto the sofa, his eyes vacant.

While he was away, that idiot Henry had actually gobbled up over a million lots of floating shares in one go, burning through a whopping 6.8 billion Hong Kong dollars.

If it weren’t for brokerage firms and speculative retail investors competing with them, that fool might have snapped up all 15% of the shares that yellow-skinned monkey had dumped in one go.

More importantly, unaware of the situation, he had just reached an agreement with three major brokerage firms to purchase the 8% of shares they held at a high price of 70 Hong Kong dollars per share.

At present, they hold 23% of Huifeng’s tradable shares and 31% of its non-tradable shares, already exceeding the 51% required for a controlling stake.

But equally, they had shelled out a staggering 11.7 billion Hong Kong dollars to achieve this.

Of the 20 billion Hong Kong dollars secretly raised earlier, only a little over 8 billion remained at this point.

More importantly, after this battle, that bastard at Starry Sky had made at least 5 to 6 billion Hong Kong dollars.

The other side already held a financial advantage, and now that a large portion of their funds were tied up, the gap in capital between the two sides had widened even further.

If that despicable bastard were to turn his sights on other companies, they would be in serious trouble.

Moreover, based on Dolsons’ understanding of Li Yi, that man was ruthless and unscrupulous; once he made his move, he would never back down.

Last year, he used exactly this tactic: while trapping the British-owned group’s funds, he launched a direct, heavy-handed attack on Jardine Matheson’s New Territories warehouse and seized it in the blink of an eye.

This time, he certainly wouldn’t let such an opportunity slip by!

Right then, Dolsen shared his analysis with everyone in the VIP lounge.

After hearing his analysis, Henry roared in fury: “Shit… shit… that yellow-skinned monkey is just too cunning. We’ve been tricked—we’ve been fucking tricked…”

“Henry, calm down…”

Before Dolsen could finish, Henry glared at him with eyes ablaze and said, “Dolsen, you were the one who just said that yellow-skinned monkey had already secured 35% of Huifeng’s shares, and that they’d see it through to the end. You owe us an explanation!”

Dawson said in a low voice, “I admit there was a flaw in my intelligence. I’ll get to the bottom of this and give you all a full account.”

“But now is not the time to discuss that. Our biggest threat right now is still Starry Sky Corporation and Li Yi. You all know what that guy is capable of. If we don’t prepare for this, the consequences will be unimaginable!”

The Duke chimed in, “Dawson is right; we must prepare early. And although we’ve tied up some capital this time, we’ve at least managed to save Huifeng Bank, so we haven’t exactly lost!”

Hearing this, everyone in the VIP lounge couldn’t help but frown.

Having over 10 billion tied up and losing another few billion to the other side—if that isn’t a loss, then what is?

“Mr. Dolsen, we’re down to just a few billion Hong Kong dollars now. How do we counter that man’s counterattack?”

“Exactly. With 8 billion against 60 billion, do we stand any chance at all?”

“On top of that, we finalized shareholding cooperation agreements with quite a few brokerages and shareholders today. All that’s left is the transaction, and so many people are urging us to close the deal immediately. What should we do…”

……..

Hearing this, Dolsen clenched his teeth and said, “As things stand, we must raise capital. Otherwise, when we face Starry Sky’s counterattack, we’ll be completely defenseless!”

“How do we raise funds?”

“All the share purchase contracts signed today—any that haven’t been paid for are null and void…”

Before he could finish, someone objected, “How can that be? Not to mention the severe damage this would cause to our Yingzi Group’s business reputation, but the penalty alone would cost us a fortune…”

“Hmph. Huifeng’s stock price has already plummeted by half. Do you think the penalty fees are higher, or the loss in stock value after completing the transaction?” Dalson retorted.

At this, the room fell silent.

While the penalty was substantial, compared to Huifeng’s stock price—which had plummeted by half from its peak—it amounted to less than a fraction of the loss.

Everyone present could clearly see which was the greater loss.

However, if they actually went through with this, they would undoubtedly alienate a great many people.

Furthermore, the damage to their business reputation would be long-lasting; while the effects might not be immediately apparent, the consequences would be equally severe.

For a moment, the British business tycoons in the VIP lounge all fell silent…

After a long pause, Dolsons spoke again: “In addition to terminating the contract, we must sell off a portion of our publicly traded shares before the stock price completely collapses, thereby recouping some of our capital.”

“But to prevent that guy from making a comeback, we must maintain at least a 40% stake. No matter what, Huifeng is our foundation!”

No sooner had he finished speaking than one of Dolsons supporters spoke up: “I support Mr. Dolsons proposal. As things stand, this is the only prudent course of action!”

“I agree as well. We have no other choice!”

“I agree as well…”

Seeing that the majority supported him, Dolsen nodded with satisfaction, then declared confidently, “There are no lasting friendships in this world, only lasting interests. As long as we win this time, those people will remain our friends, even if they’re seething inside right now.”

“Conversely, if we lose, the British Investment Group will cease to exist. Even friends will turn into enemies. Time will prove just how wise and correct your choices today are…”

Although a small number of people opposed Dolsen’s approach, their voices were drowned out by the overwhelming majority of supporters. They could only watch helplessly as this plan—one that would destroy the British-owned Group’s future—was pushed through…

………..