169 Black Shirt Insurance has won a big victory, and its worth has shrunk by 1 billion!(2/2)
It has been back and forth many times, and the stock price has fluctuated violently, which has killed retail investors.
"My grass, the stock price fluctuates very violently." A retail investor looked at this scene in fear.
"Damn, you can buy it. Buy it, I'll try buying at the bottom. There will be big funds entering the market." A retail investor immediately bought 10,000 shares at 1.2.
But the stock price quickly reached the 1.5 position, and he was very happy, but not long after, the stock price fell sharply and quickly fell to the 0.5 position. He was very heartbroken and he lost 7,000 Hong Kong dollars so quickly.
"Damn it." He was very scared to see the stock price falling so low, so he closed the position.
But not long after he closed his position, the stock price rushed up again because the black shirt insurance company was closing short orders.
"Grass!!"
"Bastard" he felt heartbroken and regretted it.
Many retail investors buy at the bottom, lose money, and short sellers lose money, becoming minced meat in the meat grinder.
The stock price of Asian Financial Holdings Company is fluctuating from 0.5 to 1.5, with very, very large trading volume.
At the final closing, the stock price was set at 1.00.
Everyone has closed their positions. The average closing price of 200 million short orders of Blackshirt Insurance Company is at 1.00, making HK$3 per share and 200 million shares, which means making HK$600 million.
It's so cool!
Blackshirt Insurance Company's cash flow reached HK$1.4 billion, and then returned a loan of HK$200 million to Yongheng Bank, leaving HK$1.2 billion.
Asia Financial Holdings previously spent HK$800 million to fight with Blackshirt Insurance Company and bought 200 million shares of the company's shares, with an average price of 4 yuan per share.
Chen Tianqing closed these 200 million shares, and the average closing price was also at 1.00. He lost 3 yuan per share, and 200 million shares, which means he lost 600 million Hong Kong dollars.
Asian Financial Holdings spent HK$800 million to protect the market, and eventually obtained HK$200 million and lost HK$600 million.
Chen Tianqing personally holds 25% of the shares of Asia Financial Holdings Company, which is 250 million shares, now worth 250 million!
When the stock price was 5.00 yuan per share, he was worth 1.25 billion Hong Kong dollars, but now the stock price was 1.00 yuan per share, he was worth 250 million Hong Kong dollars.
His wealth evaporated by HK$1 billion.
Moreover, the stock price will continue to fall, and he doesn't know how much his value has shrunk.
Thinking of this, Chen Tianqing was very decadent. This time he and his company both failed miserably!
Because I have to pay back a loan of HK$400 million from Standard Chartered Bank.
Chen Tianqing intends to sell a real estate worth HK$300 million to Standard Chartered Bank for HK$200 million.
He paid another HK$200 million to Standard Chartered Bank and finally paid off the HK$400 million loan from Standard Chartered Bank.
Thinking of this, he called Zhang Xiaolei from Standard Chartered Bank and the phone was quickly answered.
Chen Tianqing said, "Mr. Zhang, we have now collected 200 million Hong Kong dollars in funds. We will pay you 200 million Hong Kong dollars in cash and 200 million Hong Kong dollars in loans. Our Asian Financial Holdings Company has another real estate. The valuation of the market is 300 million Hong Kong dollars. I plan to use this real estate to offset the remaining 200 million loans. What do you think?"
Zhang Xiaolei asked: "Where is the real estate?"
Their bank needs to verify and then give an assessment to see if it is worth HK$300 million. If it is worth HK$200 million, they will not accept it because real estate cannot be an asset with good liquidity. If it wants to become cash, you need to find a buyer to sell it. At that time, the price may not be the market-evaluated price, because the buyer may not accept it. After all, the price you evaluated may be different from the price you evaluated by the buyer.
Then Chen Tianqing said briefly and continued: "You can send legal specialists and audit specialists to review, and we will also arrange people to cooperate with you."
In the end, Standard Chartered Bank agreed and asked Chen Tianqing to call his assistant immediately to cooperate with Standard Chartered Bank.
After the assistant left, Chen Tianqing breathed a sigh of relief.
But the company's crisis has not been resolved now because the company has no cash and the cash is exhausted.
Need a loan!
Thinking of this, he continued to call his classmates who were recruiting and requesting a loan.
His classmate is Si Xiuming, who works as an executive at China Merchants Bank.
After the phone was connected, Chen Tianqing talked a lot.
After chatting for a long time, the other party asked him to go to the mainland Shenzhen Stock Exchange.
Seeing that there was hope, Chen Tianqing hurriedly left the company and rushed to Shenzhen Stock Exchange!
Before leaving, Chen Tianqing called Chu Jianming, chairman of Kanghong Global Insurance, the second largest shareholder of Asia Financial Holdings.
The phone was connected soon.
Chu Jianming asked, "Old Chen, what's the matter?"
Chen Tianqing hurriedly said, "Brother Chu, I want to go to China Merchants Bank in the mainland."
"Go to the loan"
"Don't worry, Asia Financial Holdings will get a loan soon."
Chu Jianming said: "I understand."
After finishing the phone call, Chen Tianqing hurriedly got into the car and asked his driver to leave quickly.
"Hurry up, hurry to Shenzhen Stock Exchange!"
"Okay, Chairman" the driver hurriedly started the car.
A paparazzi in Hong Kong happened to take a picture of this scene.
At this moment, the headquarters of Blackshirt Insurance Company was filled with joy.
"This battle is perfect"
"We have completely defeated Asian Financial Holdings!"
Chapter completed!