At first, Long Tengfei thought that Phantom Dragon Funds was targeting his Long Industries. But on closer inspection, it was doing the same thing to other businesses, both new and long-established ones.
It was aggressively acquiring as many shares as it could buy. His Long Industries wasn't anything special when viewed from this perspective.
Besides, the acquisition of shares itself wasn't a bad thing. It even helped in increasing the value of the shares due to the attention. The total value of Long Industries as a company had increased a lot since Phantom Dragon Funds started targeting its shares. In a way, Long Tengfei should be thankful for it.
However, his intuition as a businessman honed from decades of experience couldn't help but sound an alarm at the too-aggressive acquisition of shares of his company.
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