Chapter 412: Pointless Struggle

"It's over!" Cheng Feng fell into the boss chair.

Although the limit down refers to the lowest transaction price and does not mean that stocks cannot be bought or sold, ordinary investors will not buy at the bottom when the limit down occurs.

Especially in an up-and-down situation like the one that happened before, because everyone is waiting for the market to hit the bottom before taking action.

Cheng Feng was like a prodigal dog at this moment, staring blankly at the stock price of Dade which had hit the limit down!
Suddenly Cheng Feng's secretary shouted, "Mr. Cheng, look at the market!"

Cheng Feng came back to his senses in an instant, and saw that Dade's limit down board showed that there was capital buying, and Cheng Feng also jumped up suddenly:

"What's going on? Who is helping us?"

······
At the same time, Lin Hao, Wu Wei, and Shao Huayang were also watching the market, and it was they who made the purchase.

Previously, they had reaped the benefits by shorting and then going long. Now they are shorting Dade’s stocks again, and now is the time to close their positions and reap the benefits.

The three helpers that Cheng Shengen had invited before wanted to buy to increase the share price of Dade, and once the share price rose.

At that time, Lin Hao would not be able to ship the goods in time, and the profits would be greatly reduced, so Lin Hao drove away the three troublemakers in order to protect the market.

Otherwise, once they are allowed to push up the stock price, it will immediately trigger a herd effect, causing a large number of stock investors to buy in!
They have been struggling for so long to push down Dade's stock price to single digits, and they are about to reap the benefits, but these three companies come to grab the profits and want to set the pace.

Therefore, Lin Hao naturally had to take action against them, and directly target their own company's base. Sure enough, Lin Hao sniped their base, and they immediately retracted their claws.

With the departure of these three companies, Dade’s stock price collapsed, and those who tried to buy at the bottom naturally held on to their money and waited and watched.

Lin Hao looked at the market and asked, "How is it? How long will it take to close the position?"

Shao Huayang smiled and said: "According to the current progress, half an hour at most will be enough!"

Wu Wei held the railing with his hand, watching the rows of operators frantically closing their positions, and then said:
"You two are so insidious, but I like it!"

"Hahahaha~!"

It turns out that the reason they pushed Dade’s stock price to the limit down was to take advantage of some rules of the stock market.

Although stocks can be sold when they hit the limit down, the selling process may take longer.

Because stocks are often disliked by investors after they hit the limit down, there are basically no buy orders, so the entrusted sell orders are also difficult to execute.

If you want to sell quickly when the stock hits the limit down, then according to the principle of price priority and time priority, investors can place orders as early as possible. The earlier the order is placed, the greater the probability of selling. Or you can entrust the limit down price and wait for the system to match the transaction.

At this time, a large number of limit-down sell orders naturally accumulate in the exchange, and this is the best time to buy and close positions without causing a violent reaction in the market!

Sure enough, the position was closed in less than half an hour. Afterwards, Lin Hao and the other two started to go long and bought a large number of Dade stocks.

At this time, Lin Hao discovered that another wave of funds had entered the market and began to buy a large amount of Dade's stocks. He said with some surprise:
"Hey! It seems like someone is trying to steal our order!"

Shao Dongyang smiled and said:

"It seems that someone knows that we are trying to sneak into Chencang and is preparing to take action!"

Wu Wei said admiringly: "I just don't know who owns this capital. You have a good eye!"

Lin Hao thought of what he had found out before, chuckled and said:
"Haha~! If I'm not mistaken, it's most likely Cheng Shengen~!"

······
Just as Lin Hao and the other two were closing their positions, Cheng Shengen put down the phone and said to his secretary:

"start to act!"

"Okay, Chairman!" The secretary immediately issued an order to the operator: "According to the limit price, buy Dade's shares immediately!"

"No matter how cunning you are, you have to drink my foot washing water!" Cheng Shengen thought proudly.

It turned out that when Chen Shengen learned that he had asked three friends to help raise the stock price, and then his own stock price was sniped, and then recalled the series of operations of Lin Hao and the other two, he instantly figured out their purpose.

So Cheng Shengen mobilized his last funds, which were originally intended to be a last resort for Cheng Feng if he failed this time.

Now that he had guessed Lin Hao's goal, the natural thing was to follow suit and make a fortune.

Only then did he call Cheng Feng to buy Dade's shares and sell the circulating shares at the right time.

Therefore, under the joint rush of the five forces, Dade shares, which had been hitting the limit down, actually rose against the trend and almost reached the limit up by the closing time!
Time came to Friday, and before the closing, the price finally reached 20 yuan per share. Cheng Shengen learned from past lessons and asked Cheng Feng to sell his extra shares!

He was afraid that Lin Hao and his friends would set a trap for him again and bury him, so he cautiously sold his shares before the market closed.

Finally, after the closing, Cheng Shengen finally obtained 35% of the shares, while Cheng Feng obtained 2% of the shares.

The reason why there is no selling to make a profit or acquiring more shares is that the major shareholders of Hong Kong stocks cannot hold more than 37% of the shares.

Shareholders holding more than 5% of the shares must wait six months between buying and selling shares and announce it to the public for three trading days. If they sell their shares again before the interval is up, the proceeds will belong to the company.

In addition, if a major shareholder who serves as an executive wants to sell his shares, he must wait for one year after the company has been listed. If the major shareholder is the actual controlling shareholder of the company, he must wait for three years after the company has been listed before transferring or selling the shares.

Therefore, during this period of time, Cheng Shengen can no longer increase or decrease his holdings in Dade shares. If he wants to sell or acquire shares, he can only do so through internal transfers and cannot cash out on the stock market!
Moreover, this stock war in Dade, coupled with the changes that have occurred in Dade during this period, has led to major changes in the company's shareholders. Therefore, a shareholders' meeting was held on Monday!
The board meeting of Dade Group was officially convened, and all board members entered the meeting room one after another.

Cheng Feng, who was still in the office, was thinking about Shen Bing, Shen Yan and Shi Xiaomeng. Thinking that he would officially take office today, he decided to kick Shi Xiaomeng out of Dade Group today!

I don't know why, but I felt a little uneasy, and my right eye kept twitching. I always felt that something bad was going to happen today.

Feeling a little uneasy as it was getting late, he strode towards the meeting room with his secretary. However, after taking two steps, he suddenly spotted a familiar figure.

Looking at the delicate makeup and slightly heroic temperament, he was sure that this was Shen Yan, so Dai Ze asked with some surprise:
"Shen Yan, why did you come to Dade Group?"

Shen Yan took Shi Xiaomeng's arm, and they turned to look at Cheng Feng. Then Shen Yan said coldly:
"I'm here to attend the shareholders' meeting of Dade Group. What's the matter?"

"Uh~!" Cheng Feng didn't know what to say for a moment.

Seeing this, Shen Yan said no more, turned around and followed Shi Xiaomeng into the meeting room. Shi Xiaomeng did not greet Cheng Feng, but glanced at Cheng Feng with a smile.

And Cheng Feng followed closely with a frown!

At this time in the conference room, Liang Jun was looking at the board members below with a bright smile on his face, especially when he saw Cheng Feng behind Shi Xiaomeng.

At this time, after Cheng Feng entered the conference room, he sat directly in the main seat and looked at the originally full conference table. As some shareholders sold their shares, most of the faces were now new.

However, he did find a few new faces. Cheng Feng said confidently:
"Hello everyone, I think all the shareholders present today must have heard about the series of changes that have occurred in Dade Group recently, especially the new shareholders!"

After introducing himself, Cheng Feng said:
"In view of the fact that Mr. Shi Xiaomeng's performance in recent times has not brought any benefits to the company, I have decided to dismiss Shi Xiaomeng from his position as marketing manager and take back his dividend shares." "What do you think?" Cheng Feng asked confidently, as if he had already seen Shi Xiaomeng being driven away.

Liang Junzheng glanced at Shi Xiaomeng, who nodded slightly, then stood up and said:

"I agree with Mr. Cheng's suggestion!"

"agree!"

"agree!"

"agree!"

"Agree!" Even Shen Yan raised his hand and said.

However, what Cheng Feng didn't expect was that Shi Xiaomeng raised his hand with a smile on his face, and then said:

"I agree!"

This time Cheng Feng was at a loss, but he quickly reacted and said nonchalantly:

Then please ask Mr. Shi Xiaomeng to leave. The content of our meeting should not be known to outsiders!
However, Shi Xiaomeng just sat there motionless. Cheng Feng frowned and was about to scold Shi Xiaomeng.

But Shi Xiaomeng took out a authorization document from his bag without any haste, and then calmly said to everyone:

"Although Mr. Cheng has deprived me of my position as marketing manager, I have been entrusted by Lin Hao, chairman of Xingyuan Financial Investment Company, to represent his rights and interests in Dade Group's 4% stake!"

Then he said to Cheng Feng with a half-smile: "Does Mr. Cheng have any questions?"

Cheng Feng narrowed his eyes slightly and read the authorization document carefully with some disbelief. He really didn't expect that Lin Hao would hand over the equity to Shi Xiaomeng, so he had to say:
"In that case, you naturally have the right to participate in the next meeting!"

Then Cheng Feng said calmly: "Okay, let's end today's meeting here for now! Dismissed!"

Just as Cheng Feng announced the adjournment of the meeting, Shi Xiaomeng stood up and said:
"and many more!"

"Xiao Meng, do you have anything else to say?" Cheng Feng looked at Shi Xiaomeng in confusion.

Shi Xiaomeng said to all the shareholders:
"Everyone knows that Dade Group suffered heavy losses under the leadership of Cheng Shengen and his son. Therefore, I propose to remove Cheng Shengen from the position of general manager and Cheng Feng from the position of acting general manager!"

Cheng Feng was stunned for a moment when he heard this, and immediately stared at Shi Xiaomeng with his eyes wide open, and then shouted angrily: "Shi Xiaomeng, how dare you!"

However, Shi Xiaomeng ignored Cheng Feng and continued:

"If you agree, please raise your hands!"

As soon as Shi Xiaomeng finished speaking, everyone including Liang Junzheng raised their hands and agreed:

"I agree!"

The other ten shareholders who had just joined the board of directors also raised their hands and said:
"agree!"

"agree!"

"agree!"

Cheng Feng looked at the familiar scene in front of him, which seemed exactly the same as when Shi Xiaomeng was fired before, which made people feel ironic!

"You, are you in the same group?" Cheng Feng asked in disbelief.

This is a new shareholder taking out a proxy form and saying:
“Mr. Shao Zhengyang of Haidong Financial Company owns 3% of the shares of Dade Group, so he automatically enters the board of directors. This is Mr. Shao’s power of attorney!”

Another person also took out a power of attorney: "This is Mr. Wu Wei's power of attorney, also 3% of the shares..."

Looking at the power of attorney for 3% of the shares, Cheng Feng's mind suddenly heated up and he felt dizzy. It was obvious that they were in the same group and were preparing to take control of the Dade Group in one fell swoop.

Liang Junzheng, who had been prepared for a long time, looked at the scene indifferently. Today, he would completely defeat Cheng Shengen and Cheng Feng and take full control of Dade Group!

Then Shi Xiaomeng stood up and said:
"I propose that Mr. Liang Junzheng, the second largest shareholder, be appointed as the general manager of Dade Group. Please raise your hands if you agree!"

Cheng Feng suddenly had an idea and said loudly:

"Wait, don't forget my father, he owns 35% of Dade's shares, and I also own 2% of the shares!"

"As the authorized representative of the major shareholder Cheng Shengen, I also have the right to participate in the nomination of the general manager of Dade Group!"

At this time, Liang Junzheng smiled and said indifferently:

"Ahahaha~! As one of the shareholders, Master Cheng wants to compete for the position of general manager. We naturally cannot refuse. Then, please ask Master Cheng to canvass for votes!"

Cheng Feng saw that no one was looking at him, but he still spoke with emotion:
"Don't forget that the suppression of your Dade stock price this time was caused by Lin Hao, Shao Dongyang, Wu Wei and others!"

And I am the one who pulled the stock price of Dade Group out of the quagmire. I hope you...!

However, Cheng Feng's words did not win the support of everyone. Everyone just looked at him calmly, that's all!

At this time, Shi Xiaomeng said, "Then please let Mr. Liang Junzheng speak~!"

Liang Junzheng said seriously:

"Just now, Master Cheng said that he was the one who led everyone out of the quagmire, but what I want to say is that the reason why the share price of Dade Group plummeted is precisely because Cheng Shengen and Hong Deming poached people from Dade Group."

"And Cheng Feng has repeatedly done things that harm Dade's reputation, which has led to a drop in Dade Group's stock price, such as..."

After Cheng Feng and Liang Junzheng finished speaking, Shi Xiaomeng said seriously:

"Okay, now please ask all shareholders present to vote to determine the final ownership of the company's control."

"Please raise your hands if you agree to let Cheng Feng be the general manager!" After saying that, Shi Xiaomeng looked at everyone, and saw that besides Cheng Feng, only one die-hard fan of Cheng Shengen raised his hand.

To describe this moment with an idiom is: a waste of effort!
"One, two!" Shi Xiaomeng said, "I counted them and found that there were two tickets in total!"

He glanced at Cheng Feng with disdain, and then said:

"Then please raise your hands if you support Liang Junzheng as the general manager!"

(End of this chapter)