"There's a large sell order! Everyone, buy quickly!"
In the previously calm and orderly stock acquisition room, a sudden exclamation shattered the quiet. Immediately, everyone snapped into action, quickly placing buy orders and scooping up shares.
Niu Bijian, who had just arrived at the doorway, was jolted by the commotion. He walked briskly to stand behind his staff, his eyes keenly observing their operations.
The employees, energized and focused, did not notice that President Niu Bijian had arrived behind them. Niu Bijian, however, did not interrupt their work. Instead, he watched silently, a smile gradually forming on his lips as he saw large quantities of stock being acquired by his subordinates.
In this brief period, at least 500,000 shares of Meixin Catering had been snatched up, definitely exceeding 1% of the company's total shares. Prior to this, acquiring more than 500,000 shares had been a daunting task, and they weren't sure if it could be completed in just one morning.
Most of the shares currently held were acquired through direct transactions with shareholders, while only a small portion was bought on the stock market.
As Niu Bijian observed, the sell orders in the market were cleared, and after a few minutes with no new sell orders appearing, the team leader of the operations group finally breathed a sigh of relief.
The team leader, noticing Niu Bijian standing behind him, was startled and quickly stood up, respectfully saying, "Hello, President!"
Niu Bijian, with a warm smile, asked, "How many shares have we acquired?"
"President, a major seller liquidated their shares. Combining all three transactions, at least one million shares were released, and we managed to acquire over 900,000 shares. The exact number will be confirmed after the tally," the team leader reported respectfully.
Niu Bijian smiled upon hearing this, patted the team leader on the shoulder, and praised, "Well done!"
There was no doubt about the major sell-off; it was quite normal.
Not all small shareholders or retail investors were filled with confidence or greed. With Meixin Catering's stock price rising so high, some people would inevitably think the price was nearing its peak and would choose to cash out, securing their gains.
Such situations were common in the stock market, and Niu Bijian had seen plenty of them!
Otherwise, why would he direct people to increase their bids? The focus was precisely on these less confident or relatively less greedy shareholders and retail investors.
"Meixin Catering should be secure now!"
A glint of determination flashed in Niu Bijian's eyes as he thought to himself.
With ample funds from Old John, and to prevent a repeat of previous issues, Niu Bijian had focused on acquiring shares directly from major shareholders, offering high premiums to quickly increase his shareholding.
Including the shares acquired directly from shareholders and those bought on the market, he now held 48.8% of Meixin Catering's shares. Although this required a significant amount of money, Niu Bijian didn't mind because the company was secure. He was only about 1% away from the 50% absolute control threshold, ensuring he had preserved one company!
Seeing this, he was satisfied!
The amount of money spent was not within his concern!
"Large shareholders are liquidating. Hurry up and buy!"
At that moment, another operations group leader called out, alerting Niu Bijian, who turned to see the staff moving quickly. He found himself walking toward that direction.
This time, it was for Yining Home Furnishings' stock, which had a large sell order of one million shares. All the buy orders were quickly filled, and the previously rising stock price was halted.
The operators, however, had no time to think about the situation. They were only focused on executing their orders, buying up shares at any cost!
Suddenly encountering such a large sell order, the priority was to acquire as many shares as possible!
Before the acquisition of Yining Home Furnishings' stock could be completed, another exclamation came: "Lifa International has a large sell order, buy quickly!"
With the shout, the operations group responsible for Lifa International's stock also sprang into action.
"Wow! A huge sell order for Fuda Industries, buy it!"
The final group responsible for Fuda Industries' stock also became agitated.
Good news came in quick succession. This should have been a cause for celebration, but Niu Bijian furrowed his brows, falling into deep thought.
"This doesn't seem right! One company having a large sell order is normal, but for all four companies to have successive large sell orders is too coincidental!"
Niu Bijian observed the busy employees, his face twitching slightly, but he did not stop them.
Regardless of what might be wrong, having the stocks in hand was never a mistake. If his intuition was incorrect and he had the staff stop acquiring, only for the shares to be bought by the Galaxy Fund, it would be a major issue.
At most, it was a matter of money. With the chairman's support, this was not a concern for him.
...
Meanwhile, at the exchange, when over a million shares of Meixin Catering were dumped, the stock price stagnated. Many shareholders, watching the trading board closely, were on high alert.
As it affected their own interests, they had to make decisions promptly if the situation changed.
If the stock price was likely to continue rising, they would hold on and observe. If the stock price was likely to fall, they would quickly liquidate and exit.
At one trading desk adjacent to the exchange was a small fund company established just two years ago, called Linsen Fund. The founder and current general manager was Linsen. Known for his bold and decisive actions, Linsen had gained some reputation in a small circle within two years.
His investment philosophy was "If I can earn 100, I will take 90!"
This investment philosophy was well-received by many conservative investors!
As the saying goes, "A small boat is easy to maneuver." When Linsen received the news, he acted without hesitation, investing a large amount to acquire Meixin Catering shares, hoping to ride the coattails of the Galaxy Fund and gain some profit.
Indeed, due to his decisiveness and his connection with a small shareholder, he acquired shares from that shareholder, bringing his total to 350,000 shares.
In two days, as Meixin Catering's stock price continued to climb, his unrealized gains had reached 300,000 HKD. With the stock price still rising, future profits were expected to be even higher.
Thus, Linsen was in high spirits, dedicating most of his attention to tracking the stock price of Meixin Catering.
Naturally, the large sell order of over a million shares was immediately noticed by him. At that moment, he was jolted, and his expression turned serious.
A sell order of over a million shares was no trivial matter. There were many potential implications to consider!
"Who exactly is selling? Such a large order must be from a shareholder with more than 3% of the shares. Could this shareholder have received some negative insider information?"
"If... if this stock is being sold by the Galaxy Fund, it would be disastrous!"
Linsen felt a surge of anxiety.
He was torn between hoping the stock price would keep rising and fearing significant risks. If this large sell order was indeed from the Galaxy Fund, the stock price might have reached its peak.
He was not dazzled and knew that the sharp rise in the stock price was mainly due to the Galaxy Fund's competition with the Yihe Consortium. If the Galaxy Fund withdrew, other minor players would not stand a chance against the Yihe Consortium. If confidence wavered, the stock price would become unstable. If everyone coincidentally decided to liquidate, it could trigger a sudden and severe drop in the stock price, leading to potential losses!
"Forget it, take the profit while it's there. I've already made so much; I should be content. Greedy people never fare well!"
After a thorough internal debate, Linsen sighed deeply and made up his mind to stick to his investment philosophy.
"Liquidate all Meixin Catering shares immediately!"