A few days later.
Gu Bai said helplessly to Xu Hong on the phone, "I just have some things to take care of in Shanghai, I'll go back once I'm done."
"Is being busy more important than going home? It's less than half a month until the New Year!"
"Alright, alright, I got it."
After saying this, he directly hung up the phone.
In the office, Xiao Qiang, Mr. Shao, and others looked at Gu Bai's helpless expression, stifling their laughter, without saying a word.
Gu Bai glanced at them lightly and said, "Go ahead and laugh if you want to."
"No, no, we just suddenly thought of something funny, couldn't help it..."
"What's so funny? Share it with me?"
Mr. Shao immediately shut his mouth.
Gu Bai was too lazy to dwell on this and instead asked him, "Is the plan for acquiring Hongye Building Materials ready?"
"It's ready."
Gu Bai nodded, instructing the team to be prepared. Hongye Building Materials could delist at any moment, it was essential to keep a close watch on market dynamics.
"Understood!"
Gu Bai glanced at his watch, 9:25 AM.
In five minutes, the stock market would open.
Just two days ago, Zhu Hongye was released by the Securities Regulatory Commission and announced that the abnormal stock price of Hongye Building Materials was entirely due to market fluctuations, with no manipulation, officially lifting the suspension investigation on Hongye Building Materials.
Within these two days, Hongye Building Materials had hit several consecutive limit-downs, the stock price dropping from a peak of 13 billion to 7 billion, barely 500 million above its initial 6.5 billion.
...............
In the market trading operations room of Hongye Building Materials, a dozen shareholders gathered in the not very spacious workspace. Standing behind the traders, Zhu Hongye had sunken eyes and a scruffy beard, no longer the spirited figure he once was.
During the days under investigation by the Securities Regulatory Commission, Zhu Hongye had already thought through things; upon release, he would admit defeat to Gu Bai, even if he was looked down upon by everyone in Shanghai's business circles, it didn't matter, what was face worth anyway?
If things continued, the Hongye Building Materials he'd worked hard to manage for over a decade would really be gone.
However, Gu Bai seemed to have anticipated this scene; not only couldn't Zhu Hongye apologize to Gu Bai face to face, but he couldn't even reach him on the phone. Those business tycoons who usually called him brother were all avoiding him now, let alone anyone willing to act as an intermediary.
What terrified Zhu Hongye the most was the simultaneous termination by three real estate giants.
It's safe to say that the reason for the current stock price decline lies in this; everyone knows that Hongye Building Materials has been able to maintain a steady profit rate and healthy financial statements over years of development, precisely because 70% of Hongye Building Materials' market share is provided to these three giants.
Now, with the termination by the three giants and ongoing lawsuits, even if Hongye Building Materials avoids a complete meltdown, it's definitely suffering significant damage.
Currently, Zhu Hongye couldn't consider much beyond this; if they couldn't survive this stock market crisis, what future would there be?
"Chairman Zhu, the stock market is about to open."
The head of the trading group was sweating profusely, today Zhu Hongye and a group of company directors were making such a big move, obviously attempting to save the stock market, all the pressure was placed on their trading group; after all, since the establishment of Hongye Building Materials, the trading group had never encountered such a situation.
Zhu Hongye stood in front of the computer, his face sullen, silent.
To everyone at Hongye Building Materials, the brief three minutes felt like three years of torment.
Three minutes passed.
A-shares officially opened.
Before the traders could operate, numerous sell orders flooded in, a sharp, nearly vertical green line stabbed into everyone's chest, less than thirty seconds later, Hongye Building Materials' price had dropped by 5%, and many sell orders continued to emerge, indicating that the stock price was still declining.
After all, too many things had happened to Hongye Building Materials within a mere week.
First, there was a high-volume dumping of 250 million shares by terrifying capital, directly pulling the stock to limit down, subsequently followed by Chairman Zhu Hongye being taken for investigation by the Securities Regulatory Commission, and then the joint termination by the three giants.
Any single one of these events could be enough to severely impact a typical listed company, it's already remarkable that Hongye Building Materials hadn't completely collapsed yet.
At this time, even the boldest investors dared not be greedy any longer, choosing to close positions.
Looking at the huge green line in front of him, Zhu Hongye gritted his teeth, the veins in his forehead nearly bursting, no one dared to speak seeing Zhu Hongye's expression.
A minute later, the stock price of Hongye Building Materials dropped another 2%, at this rate, it could hit the limit down within ten minutes of opening, the market value falling to 6.3 billion.
The head of the trading group glanced at the situation, knowing if he didn't speak soon, he might end up being the scapegoat venting everyone's frustration. He quickly asked, "Chairman Zhu, should we start buying? At this rate of decline, it should soon hit the limit down... at that point, the stock price might become uncontrollable."
Zhu Hongye took a deep breath.
"Start a tentative buy of 500,000 lots to see if we can keep the market value around 6.6 billion."
Following Zhu Hongye's instructions, members of the trading group immediately got to work, the operations room was filled only with the sounds of heavy breathing and the clicking of keyboards and mice, with no other noise.
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