Resurrection Empire-Chapter 853 - 327: For the Thrill of It
After enduring this fierce attack, the stock price of Tianyuan Military Industry continued to plummet.
When a wall falls, everyone pushes; when a drum breaks, everyone beats it. ๐ฏ๐ง๐๐๐ฌ๐๐๐ฃ๐ค๐๐ฎ๐ต.๐๐ค๐ข
The stock price was dangerously close to the margin line for Wang Dingyuan and the Eight Major Institutions' external pledges.
The Eight Major Institutions and the audit team of the new major shareholder, Ren Zhong, were blocked outside the headquarters of Tianyuan Military Industry.
Xiao Xingyue, Source Star TV's chief Professional reporter, became an impassioned financial journalist, closely following the nine varied financial teams to provide sensationalized reports.
In such a scenario, Wang Dingyuan decided once again to cut his losses by pledging more than 50% of his shares to gather 400 billion in cash and forcibly support the stock price.
Ren Zhong continued his carefully planned strategy by completing a swift sell-off.
He sold two portions of shares.
The first was the 5% shares he personally held, while publicly revealing that his audit team was stonewalled, once again questioning Tianyuan Military Industry's management practices.
The second portion was the shares he locked in through short-selling accounts at securities firms, which comprised 18% of the company's total share capital, lent to securities firms and banks by the Eight Major Institutions.
Ren Zhong's aggressive sell-off forced the stock price close to the margin line again.
The Eight Major Institutions backstabbed Wang Dingyuan.
Faced with Ren Zhong's acquisition offer at a 20% premium, they granted full authorization permissions to securities firms and banks, effectively selling their shares to Ren Zhong.
Ren Zhong's actions amounted to buying high and selling low, essentially burning money.
Under normal circumstances, Ren Zhong's move alone would have crashed the stock price by more than 15%.
However, Wang Dingyuan, holding 400 billion in funds, easily acquired all the shares Ren Zhong dumped, using less than 200 billion.
Thus, this intense stock market battle seemed to be over.
Ren Zhong lost approximately hundreds of billions, and Wang Dingyuan also burned through a substantial amount of money, while being forced to pledge more shares.
But Wang Dingyuan won.
Through these actions, even though Wang Dingyuan had pledged over 70% of Tianyuan Military Industry's shares, his control percentages exceeded 95%, essentially completing the privatization of Tianyuan Military Industry.
If Wang Dingyuan wanted, he could now start the full privatization process, transforming Tianyuan Military Industry from a listed company back into a private enterprise, free from stock market threats.
Wang Dingyuan contemplated this idea but eventually abandoned it.
Firstly, he felt no necessity for outright control; secondly, delisting would mean missing out on the profit surge from the new positioning technology's upcoming launch. Although he held 200 billion in cash, his debt stood at 600 billion. Even if he repaid 200 billion, he still owed 400 billion. The massive interest would continue to consume most of Tianyuan Military Industry's profits, forcing Chongyi Wang to live frugally. By driving the stock price back up and gradually reducing his holdings, he could not only pay off his debts but also make a handsome profit.
The root cause of all this was the enormous investment into the secret laboratory, turning into waste, and the 150 billion extorted by Ren Zhong.
He was short on cash and had to earn it back in the stock market to pay off the debts.
Meanwhile, Ren Zhong was seemingly still resisting.
On the morning of Day 140, Ren Zhong repeated his tactics, teamed up with Huang, the stock market oracle, to hype up Tianyuan Military Industry, while he himself published critiques against the Wang family.
Nevertheless, reaching this point, as long as Wang Dingyuan didn't reduce his holdings, Tianyuan Military Industry's stock price remained rock-solid, unaffected by any negativity.
Market sentiment only counts when retail investors hold shares.
Seeing this, Wang Dingyuan was not flustered; instead, he seized the momentum created by Ren Gushen and Huang to announce the new positioning technology, decisively sealing the victory.
Watching the stock price surge rapidly after the information announcement, Wang Dingyuan laughed heartily, saying: "Ren Zhong exhausted all his schemes, yet only succeeded in making the wedding gown for me. If all goes as expected, the stock price will increase at least twofold. I must thank Ren Zhong for lifting the sedan chair for me. Hahaha!"
If the Eight Major Institutions held shares, this dividend would need to be distributed significantly.
But now, holding more than 95%, he could essentially reap it all alone.
Wang Dingyuan knew that the opportunity for Chongyi Wang to soar to new heights and break through the bottleneck was here.
Simultaneously, the Eight Major Institutions and Ying Hao reached out to Ren Zhong.
The Eight Major Institutions approached with questions, blaming Ren Zhong for costing them a billion in profits, implicitly suggesting they would like to collaborate with Ren Zhong in other areas to offset the losses.
