"The reason for the recent plunge of the company's stock price is malicious short selling. The company's information is disclosed in a timely and transparent manner. There is no concealment of the information that should be disclosed without disclosure. The short seller's goal is not that there is a problem with the company's operation, but that the 39 million shares pledged by the company's major shareholder Lin Qi were liquidated. In November 1984, Mr. Lin Qi, the actual controller of the listed company, obtained a loan of US$200 million to redeem the equity of the new entrepreneurial electronics branch. The pledge liquidation line set for this loan is HK$40, which is less than HK$40. The lending institutions have the right to auction and sell the stocks. Short sellers are not bad for this mechanism and borrow large-scale stocks to sell. Fortunately, Lin Qi, the chairman of the company, timely, has returned the loans of financial institutions on January 13, 1985 and released the pledged equity. Even if the stock price falls below HK$40, there will be no arbitrage opportunities..."

With the release of a new announcement from Xinzengwen Publishing Group, the short-selling power was quickly exhausted.

After all, those big short-selling leaders have long closed their positions and handed them over and put them in their pockets. If the remaining shorts do not repent in time, they will suffer a tragic liquidation and lose all margin positions.

Therefore, there is no mechanism for maintaining short selling to prevent stocks from being liquidated. Therefore, short panic turned into longs. After the stock price of Xinzengwen Publishing Group was smashed into a gold pit in the short term, it began to soar. In the next year, it not only returned to a market value of 10 billion, but also hit a new high, with a total market value reaching HK$20 billion.

In addition to the fact that the Hong Kong stock market entered a new round of bull market in 1985, this is also closely related to the topics full of hype in Xinzengwen Publishing Group.

First of all, it is the concept of "Avalon". The whole of Hong Kong knows that "Avalon Court" has become popular all over the world, even far exceeding the influence of Bruce Lee at the time. After all, Bruce Lee's influence was more popular on the altar after his death. His box office level during his lifetime was only a record-breaking record in the Chinese-speaking region, but it is not considered a superstar with great box office results worldwide.

"Avalon" is an animated film that is truly not inferior to Hollywood's top blockbusters in box office results.

Although Xinzengwen Publishing Group did not invest in the animation and film project of "Avalon Court", it invested in the game development of "Avalon Court". Since this project is a key project of the Xinzengwen Department, the quality should be guaranteed. As for the market... Since Xinzengwen Electronics is currently the world's largest game software publisher, as long as the quality of its own games does not have any problems, they basically don't have to worry about sales.

Among the large payout orders, some short sellers are covered, but there are still some real long-term investors!

Although there are anonymous investors, most investors do not need to do that. Therefore, Lin Qi can easily understand the list of shareholders who have bought on a large scale recently.

In addition to Lin Qi's surprise, the list of buyers actually included Zou Wenhuai, Lei Juekun, and Run Run Shaw. It can be said that Hong Kong's cultural industry giants joined hands to buy the bottom.

Among them, Zou Wenhuai bought the most, spending HK$150 million to buy 3 million shares. For Zou Wenhuai's value, it can be said that he was selling out the money. In addition to the assets of Jiahe Company he held, all the remaining funds he could use bets and bought the shares of Xinxing Venture Publishing Group.

Lei Juekun, Run Run Shaw and others only bought tens of millions of yuan, mainly because although they were optimistic about the development prospects of newly-enterprise listed companies, after all, such a valuation is still not cheap, so they only bought tens of millions of yuan to see.

These bigwigs in the cultural industry invest collectively because they all know that in terms of high-quality content and industrial layout, they are far from the same level as the new entrepreneurship department. They are far from able to have the same competitiveness as the new entrepreneurship department. So they have to invest in listed companies under the new entrepreneurship department and indirectly participate in high-quality projects in the new entrepreneurship department.

If the new entrepreneurial publishing company only makes the publishing business, they will definitely not even bother to take a look. But the key point is that these bigwigs have understood the information in the annual report. After the new entrepreneurial publishing group went public for financing, in addition to publishing, they also indirectly followed up on the new entrepreneurial film, television, animation, and game projects! Although these projects cannot allow the new entrepreneurial publishing group to occupy a large share, at least they can occupy some rights.

For example, the game adaptation project of "Sword of Sword 2" and "Avalon's Court" and the Xinzeng Venture Publishing Group have invested some funds and occupied a certain amount of equity. It is precisely because the Xinzeng Venture Publishing Group has the qualifications to invest in high-quality projects of other brother companies in the Xinzeng Venture Electronics Department, which is why these bigwigs can't help but invest.

During this collapse that was comparable to a small-cap stock market crash, Lin Qi seemed particularly calm. After all, in addition to the equity of Xinxing Venture Publishing Group, Lin Qi had more non-listed assets.

The foundation of its wealth and influence is still the Xinxing Electronics Group. As long as Xinxing Electronics Group does not have big problems, then other problems are small things that pass by.

Of course, in this process, Zhang Dahai and Zhang Ru, the uncle and niece, seemed to have suffered a serious illness in the short term. Because... they were too concerned about the stock prices of listed companies, and the ups and downs made their wealth rise and fall like a roller coaster, which stimulated their spirits too much.

"Old Zhang, I advise you to take a good look at the company's stocks." Lin Qi smiled, "If you continue like this, it's not worth losing your lifespan!"

"It's not your fault." Zhang Dahai complained, "If you hadn't pledged stocks, how could it be..."

"You haven't pledged stocks, why are you anxious?" Lin Qi was surprised. Even if the pledged stocks are really overturned, they are still Blast Lin Qi's position.

Zhang Dahai said, "Of course I'm anxious..." Yes, during this period, he almost lost his mind and was thinking all day long. After a while, he thought that Boss Lin had abandoned the listed company, and the 200 million US dollars was considered indirect cashing out?

After a while, he was anxious and woke up, his wealth was reduced by several hundred million. After tasting the value of more than 2 billion, Zhang Dahai could not bear the financial shrinkage to hundreds of millions or even tens of millions. Although, time was back five years ago, the value of millions was something he dared not think about.

This is the reason why it is difficult to go from extravagance to frugality. If you don’t get it, it’s all right. Once you gain wealth and status and lose it again, it will be even more uncomfortable than death.

Of course, since Zhang Dahai is indeed in poor health recently, Lin Qi suggested that he hand over his position to Shangguan Xiaobao, the current deputy general manager of the company. Then, he went to domestic attractions and relaxed everywhere to see the beautiful mountains and rivers of the motherland.

After all, I have never seen the Yellow River, Huangshan Mountains, and the Great Wall of the Yangtze River. I have visited several cities in the estuary of the Pearl River in Guangdong as far as I can see, so my vision and pattern are not broad enough.

Zhang Dahai also felt it made sense when he heard this. In the following months, he really started to retire and handed over some of his overseas and Hong Kong business to Deputy General Manager Shangguan Xiaobao. Zhang Dahai went to China to develop and visit, and his life was much more prosperous than that in Hong Kong.

Moreover, Zhang Dahai's role in running around in China is much stronger than staying in the company's office, because now he is the general manager of a company with a market value of 10 billion yuan. Compared with the current domestic market, he is rich and can be as rich as that of a savings.

If it is changed, the position of the boss of a Hong Kong listed company of this size may be reduced. But now he is in China, and no matter what level of government, he regards it as a guest of honor for attracting investment.

Later, Zhang Dahai proudly said: "I established the world's largest chain book rental store in the Chinese domestic market. Two-thirds of the cities in China have our book rental stores. In the 1980s, I adopted the membership card swiping model, with 200 million reading members, and rented more than 100 million books a day. The rent of the book is about one-twentieth of the book buying. It is converted into sales, which is equivalent to selling 500 books. There is no more book distribution and sales channels in the world than our readers."

The greatest success of this unreplicable sales model may have accelerated the Chinese novel and comics creation industry entered the era of market-oriented creation ahead of schedule. In the 1980s and 1990s, a large number of creators with annual income of tens of thousands or hundreds of thousands began to be created.
Chapter completed!