Chapter 92: Over-the-Counter Trading
The once-renowned Volkswagen Group suffered a dramatic fall from grace due to the shocking "emissions scandal," with its stock price plummeting by over 30%, nearly wiping out its market value.
Huge fines from around the world rained down, crippling this century-old automotive giant.
It teetered on the brink of bankruptcy and closure.
The German government intervened, forcibly rescuing the company.
After all, if Volkswagen were to collapse, how many companies in its vast upstream and downstream supply chain would be dragged down with it?
The impact on the German economy would be devastating.
And not just Germany, but the entire European economy would be thrown into turmoil.
"Luckily we withdrew quickly, Mr. Su was brilliant! Another day later, and that 10 billion might have been lost!"
"Indeed, Mr. Su's move was a stroke of genius! Foresight!
As expected, the German government is definitely not going to stand by and watch its prized son, 'Zhongda,' collapse!"
Zhongda's stock price, which had plummeted to rock bottom, began a dramatic rebound thanks to the strong intervention and capital injection from the German government, drawing a breathtaking V-shaped reversal curve.
Fortunately, Su Hao had sensed the danger before all this happened and decisively ordered the short-selling funds to liquidate their positions!
They withdrew all their invested funds without a scratch, running faster than rabbits, their timing impeccable!
"President Su must have precisely calculated that the German government would intervene at all costs, right?"
"Of course!
We mere mortals can only see one step ahead, but President Su has probably already calculated ten steps ahead!
Look at the timing of that sale—it's textbook perfect! A second more would be too early, a second less would be too late! It's art!"
However, right after the team swiftly withdrew their investment from the tumultuous "Zhongda" incident, Su Hao's next investment order left everyone utterly astonished!
A mysterious off-exchange transaction!
Moreover, the acquisition was of shares in a Cayman Islands company called "Jinkun Holdings," shares that no one wanted and was desperately trying to sell!
“Usually, these kinds of over-the-counter transactions involve long, drawn-out negotiations, right?
How come the other party acted like they’d seen their own father the moment we made an offer? They didn’t even haggle, and the deal was done immediately?
Look at how impatient they were; they were really eager to get rid of it, like they were throwing away a hot potato.”
Over-the-counter transactions also require an intermediary platform.
Usually, large securities firms play this role.
Sometimes, the seller even has to pay a considerable advertising fee to have the securities firm help list the shares and find potential buyers.
This Jinkun Holdings Company, in order to sell its unsold shares as quickly as possible, entrusted the largest securities firm in China, “Xinzhong Securities,” to list them.
Then, this transaction, which others considered worthless, was quietly acquired by Liang Haiyuan according to Su Hao’s instructions.
“But… Mr. Su, why spend so much money to buy this?”
“Jinkun Industrial Holdings Company? What’s that? I’ve never even heard of it.”
"And this thing barely pays any dividends, and it's unlikely to go public anytime soon. What's the point of buying it..."
This time, everyone in the top-tier investment department was scratching their heads, completely baffled.
Why would this shrewd and decisive CEO Su spend a full two billion to buy such a worthless thing?
[Urgent News Flash!]
Just then, the financial news channel that was always on in the office interrupted with a breaking news report!
[According to exclusive news just received by this station:]
Changqing Global Trust Co., Ltd. held an extraordinary board meeting today and passed important personnel resolutions:
Mr. Shen Zeju, Vice Chairman of Changqing Group, was removed from his position as Director and Legal Representative of Changqing Global Trust.
Mr. Shen Zekai, the current General Manager of Changqing Group, was appointed as the new Executive Director and Legal Representative.
As the holding company of Changqing Group, the change of its legal representative essentially signifies a transfer of ultimate control of the group…
“Holy crap?! What’s going on?! Shen Zeju of Changqing Group? Suddenly dismissed?!”
“Quick, quick! Turn up the volume!
Wasn’t the succession of Changqing Group already settled, a done deal?”
"How did Shen Zekai, the second son, suddenly rise to the top?! What the hell is going on?!"
The news report was simple and brutal, summed up as follows:
Shen Zekai, the second son of Changqing Group, just when everyone thought the situation was settled and the cooked duck was about to fly into his brother's mouth, suddenly overturned the table!
He kicked his brother off the stage and took the top seat himself!
'Damn! President Su was right! That bastard Shen Zekai was acting from beginning to end!'
Liang Haiyuan stared intently at the television screen, feeling goosebumps all over his body!
He now understood the terrifying insight behind President Su's seemingly casual question and confident gaze!
Shen Zekai's heartfelt words to the media about "assisting his brother and revitalizing the group" were, in the end, complete rubbish!
This kid clearly planned this all along, secretly plotting and taking advantage of everyone's relaxed guard, thinking the situation was settled...
He suddenly launched an attack, manipulating the board of directors, and directly ousted his own brother from the throne, then brazenly took his place, usurping supreme control of the entire Changqing Group!
"So... Shen Zekai betrayed his father and brother? He stabbed them in the back, and so ruthlessly at that?!"
"Exactly! The news said he directly intervened at the shareholding level of the controlling parent company, completely overturning his father's arrangements and his brother's inheritance rights! This is a fatal blow!"
The Changqing Group, this long-planned "two sons vying for the throne," or rather, a bloody "Xuanwu Gate Incident,"
finally began at this moment that no one expected!
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