Chapter 104: Chapter 104: Zhang Zhongguo's Hidden Funds
The last time, Lin Yun only purchased nearly 400 million yuan worth of stocks for short selling.
At that time, the Tianyu Group's stock price was around 15 yuan, so, he only bought over 20 million shares, which was over 200,000 lots.
Now, the stock price of Tianyu Group was a little over 3.7 yuan.
The price for bulk transactions was even lower.
The traders Lin Yun hired only needed to spend about 70 million yuan to buy the stocks, and they could cover the original borrowed tickets.
The funds in the stock account had reached over 700 million yuan.
In just over ten days, Lin Yun's operation had profited over 300 million yuan.
If Lin Yun finished this operation, he would have over 300 million yuan in profit in his pocket.
But, Lin Yun let the traders continue to operate.
With over 700 million yuan, plus some simple financing, these traders could have up to 1.4 billion yuan for operation.
With over 1.4 billion, they could buy over 400 million shares of Tianyu Group at the current price.
Lin Yun's order was to buy unlimited shares.
The traders also followed the order.
After sweeping all the orders on the bulk trading and the lowest limit, they had purchased over 3 million lots of Tianyu Group stocks, which was over 300 million shares.
The total number of Tianyu Group shares was only 900 million.
With this, Lin Yun now owned over one-third of Tianyu Group's shares.
Zhang Zhongguo originally owned over one-third of the shares, but it was uncertain after this incident whether he still owned one third of the shares.
That is to say, if these shares were put together, Lin Yun could possibly be the major shareholder of Tianyu Group now.
Because of the operations of Lin Yun's traders, many investors began to follow suit, and Tianyu Group's stock price began to rise rapidly.
These traders of Lin Yun only had to buy a little bit more, and Tianyu Group's stock price kept rising.
Soon, Tianyu Group's stock price was maxed out.
It only took a few minutes from the lowest limit to the upper limit.
The dramatic fluctuations left many investors astounded.
Those remorseful investors began to express their frustrations in the stock comment area.
From the lowest limit to max limit, there was a huge profit, if they had bought at the lowest limit, they would have made a fortune.
At Shen City, in the wealthy district, inside a villa.
"It's going up, it's going up..." Zhang Zhongguo excitedly exclaimed, his face flushing red.
He had never been this excited in many years.
But he couldn't help but be excited.
When the price was at its lowest limit, Tianyu Group's stock price was a little over 3.7 yuan, now it was 4.5 yuan, a 20% increase. How could he not be excited?
Most importantly, someone was catching the falling knife now.
Although due to pressure from debt, many of his shares were dumped by banks.
But, he still had a lot of shares, as some of his loans were just frozen, and there were still some shares that others didn't know about. As long as Tianyu Group's stock price increased a bit more, no matter if those frozen shares were unfrozen or if he sold those shares that others didn't know about, his ending would not be too miserable.
This day, Zhang Zhongguo excitedly stared at the market, watching Tianyu Group's stock price fluctuate, feeling a roller coaster of emotions.
The next day, Tianyu Group's stock price soared again.
Zhang Zhongguo was even more excited.
With a bit more increase, those frozen shares could be unfrozen.
He resisted the temptation to sell those shares that others didn't know about. On one hand, he didn't want to disrupt the market at this moment; on the other hand, he wanted to wait for a higher price before selling to get more funds.
That day was spent in fluctuations. Zhang Zhongguo's heart also rose and fell with them.
In the end, Tianyu Group's stock price concluded with an increase of five percent, surpassing 4.8 yuan.
Zhang Zhongguo's expectations kept growing.
Because of the major rise in Tianyu Group's shares, some people sold their shares while others bought. But as the people who needed to buy bought, and those who needed to sell sold, daily trading volume was getting smaller and smaller, and any larger number of shares or funds could cause significant fluctuations in Tianyu Group's stock price.
The stock price of Tianyu Group didn't increase significantly over the course of the day.
This situation made Zhang Zhongguo increasingly anxious.
He was also very frustrated. In his view, there were certain key price points which, once crossed, could smooth the way for a steep increase in price. However, no one was boosting those price points.
It was Friday afternoon, the final trading day of the week.
Zhang Zhongguo could no longer bear it.
The Stock Market was closed on Saturday and Sunday. The two-day gap was too agonizing for him to endure.
He decided to boost the stock price on his own.
At the very least, he wanted Tianyu Group's stock to close at a high price on this Friday.
The next two days would be somewhat easier for him.
Perhaps, the individual manipulating this stock would see the increased price and follow suit.
After all, for the person who had purchased a large number of shares earlier, the rise in the stock's price only had advantages and no disadvantages.
Otherwise, if that person decided to resell these stocks, the offered large quantity of stocks might not necessarily ensure a break-even sale.
He would give the initial boost, then the others would follow. Relay-style.
When multiple big-money players were involved in a single stock, this situation wasn't uncommon.
On the surface, it appeared as if Zhang Zhongguo was bankrupt, having lost all his funds, his liabilities surpassing his assets.
However, only he knew that he still held some concealed assets, as a safeguard against a rainy day, for a possible comeback, or perhaps to secure a peaceful retirement.
Just like those unknown stocks.
Now, he decided to mobilize those concealed funds.
Moving swiftly, Zhang Zhongguo did not hesitate. He opened his computer, accessed a webpage, swiftly entered a few passwords, and began to transfer over 300 million Yuan into various stock accounts.
Not only that, all these stock accounts had a high leverage capacity.
While he rarely used leveraged funds in his normal stock operations, he did have a batch of stock accounts with high-leverage capacity. One had to admit, his concealment ran deep.
"Over 300 million Yuan, with a five-fold leverage, brings over 1.5 billion at my disposal, enough to boost the price..." Zhang Zhongguo murmured.
He had not touched these funds. Perhaps, he had reasons to refrain, or perhaps, he had been waiting for this very moment.
Earlier, Tianyu Group's stock had been hit hard. He did not dare to pick it up casually.
Now, since somebody had stepped in to take it and in such large quantities, that person should not easily dump the stock.
Buy!
One after another, Zhang Zhongguo placed major buy orders.
Immediately, the share price of the Tianyu Group rose considerably.
In a room at the Qingyun Hotel.
"Unexpectedly, Zhang Zhongguo still had so much hidden capital..." Lin Yun murmured.
He had been monitoring both Zhang Zhongguo's villa and computer for some time. Naturally, he noticed Zhang Zhongguo's actions.
He, too, was surprised to see that Zhang Zhongguo still had such substantial funds, even in such dire circumstances.
This man, who had built his fortune from nothing, was not as simple as he seemed.
"Start selling shares gradually. Don't allow the price to surge too quickly, especially at some key price points... If anything unusual occurs, contact me immediately..." Lin Yun picked up the phone and gave instructions to his traders.
Then, he put down the phone and began practicing a set of boxing moves.
This was just a minor incident. He didn't want to expend too much energy on it.
He planned to acquire Tianyu Group because he noticed that the company held several valuable land parcels. After acquiring Tianyu Group, it would be easier for him to purchase these lands, whether for building factories or condos. Moreover, Tianyu Group already had factories, workers, and various channels in place.
If he was to make a big move in Shen City, acquiring such a company would certainly accelerate his expansion.
Also, Tianyu Group's stock price was so low only because of his targeted manipulation. He could buy it at a low price and later sell at a high price, which should not be hard to manage.
However, this was not a necessity. If he could acquire the group, fine. If not, that was also fine. Either way, it didn't matter.
THIS CHAPTER UPLOAD FIRST AT NOVELBIN.COM