章節 350: Chapter 350: Gathering of the Big Shots?
"Bang!"
Old John slammed his palm heavily on the table, creating a sharp sound. Niu Bijian felt a jolt and could almost feel the pain for Old John.
"Notify your brother immediately. You two need to contact the other shareholders and ensure they increase their shareholdings!"
After saying this, Old John decisively hung up the phone, his face dark and stormy, resembling a volcano on the brink of eruption.
Niu Bijian's heart raced. How many years had it been since he had seen Old John so out of control? It seemed the last time was over a decade ago!
"Chairman, what's happening? Is there anything I can do?"
Niu Bijian asked respectfully, his voice slightly lowered.
Old John calmed down a bit and explained to Niu Bijian, "Yihe Machinery Group received a takeover offer from Galaxy Fund, and Galaxy Fund has publicly announced that they hold 30% of Yihe Machinery Group's shares!"
Niu Bijian's face changed dramatically upon hearing this.
It's Yihe Machinery Group!
This core company of the consortium, involved in energy, electrical, machinery, and construction, is a top-ten company in the consortium. How did Galaxy Fund manage to target them?
And they hold 30% of the shares?
In an instant, Niu Bijian thought of many things, and a wave of regret washed over him.
He had originally planned to investigate the stock prices and trading situation based on Yihe Machinery Group's self-check. But before he could send anyone, the four companies had problems one after another. He had no choice but to focus his main manpower on these four companies.
If only he hadn't pulled his people back…
30% of the shares! This is a huge number, and it's challenging to hide. If he had sent professionals to investigate, they might have uncovered the issue, and they wouldn't be in such a passive situation now.
"Chairman, I'm sorry. The four companies were just decoys to divert our attention, and I was fooled."
Niu Bijian lowered his head, admitting his mistake with a troubled voice.
Old John had realized this as well, but he didn't want to dwell on blaming him. Not only had he just said he wouldn't blame Niu Bijian, but criticizing him now would only be self-contradictory.
Sigh!
It's not that the national army didn't work hard, but that the enemy is too cunning!
Let's forget the past. It's not the time to assign blame; we need to solve the immediate problem first!
"This time, we absolutely cannot lose Yihe Machinery Group!"
Old John's face was full of rage as he said coldly.
Having already lost Yihe Air Freight and Yihe Insurance Consulting Group, with Yihe Consortium's pillars in air freight and insurance industries taken away, the damage was severe and their face was greatly lost.
Now, Yihe Machinery Group's market value was even more than the combined value of the previous two companies. Losing it would undoubtedly deal a severe blow to the Yihe Consortium.
Most importantly, Yihe Consortium's prestige would be completely lost, easily leading to a situation where "wolves smell blood." At that time, it would be too late to salvage!
"Niu Bijian, you go…"
...
While the Keswick family's actions were not discussed, the external reaction was substantial. After Galaxy Fund's announcement, the entire Hong Kong was shaken.
Galaxy Fund had once again stirred the hornet's nest, or rather, directly poked the tiger's backside!
No one expected that Galaxy Fund would repeatedly provoke the Yihe Consortium. What was Xia Yu thinking? Did he hold a deep grudge against the Yihe Consortium?
"Unbelievable! Truly unbelievable…"
"A diversionary tactic! Brilliant strategy!"
"It seems that the four Yining Home Furnishings companies were just decoys. The real target is Yihe Machinery Group. Galaxy Fund's appetite is enormous!"
"Given the previous situations, it's not a problem for Yihe Machinery Group's stock price to double. Those holding the stocks are making a huge profit!"
...
Exclamations and astonishments echoed throughout Hong Kong, as everyone was stunned by Galaxy Fund's bold move.
After the news spread, the fastest reaction came from the stock market!
Yihe Machinery Group's stock price surged in response. Not only did Galaxy Fund rush to buy shares, but other institutions and investors also joined in!
Based on previous experiences, Yihe Machinery Group's stock price was destined to rise significantly, far beyond the level of the Yining Home Furnishings companies.
After all, at this point, it was clear to everyone that the four Yining Home Furnishings companies were merely a smokescreen. Galaxy Fund wasn't fully committed to seizing them; it was a quick hit and retreat.
Once investors realized this, the four companies of Fuda Industries were doomed.
The investors in these four companies lost their last glimmer of hope and aimed to cash out. Despite Yihe's continuous buying efforts to stabilize the stock price, sell orders kept flooding in. The staff responsible for buying stocks were on the verge of tears.
But crying wouldn't help. With Niu Bijian absent, they could only follow the previous orders, buying up all the stocks and doing their best to stabilize the stock price!
...
At Jiuding Securities Company.
"Ha ha, thanks for your concern, Bao Sheng. I'm aware of the situation… Hmm, okay. If I need your strong support, I won't be polite!"
"Tonight at 7 PM? Good, I'll definitely be there! See you tonight!"
After hanging up the phone, Xia Yu shook his head with some emotion and remarked, "It seems Bao Yugang really considers me a close friend. He called immediately to check on me!"
Bao Yugang called to congratulate Xia Yu first. Then he didn't inquire about the Yihe Machinery Group acquisition but instead expressed concern. This subtle difference warmed Xia Yu's heart.
Later, Bao Yugang mentioned an impromptu gathering tonight and invited Xia Yu. Li Jiacheng, Li Zhaoji, and others would be attending.
Although Bao Yugang didn't specify the purpose, Xia Yu guessed it correctly. It was just the right time for him to network with other big shots, so he readily agreed to attend.
"Bao Yugang wouldn't organize a gathering without reason. It must be that others know about my good relationship with him and asked him to arrange this. Hehe!"
Sitting in his office chair, Xia Yu crossed his legs, playing with a pen in his hand, a mysterious smile on his face.
Such high-level gatherings typically involve the big shots of the big shots. They're rarely organized casually and usually require an invitation a week in advance.
But now, being notified the day of for an evening event, the reason was self-evident given the current situation in Hong Kong.
"It looks like everyone's eager. Hehe!"
After spending a few more minutes in the office, Xia Yu finished his tea and then left the office, heading to the adjacent closed building.
"How much has the stock price risen to?"
Xia Yu asked Wang Gang's team upon arrival.
"Boss, the latest stock price has risen to HK$34.5, and the increase is accelerating!"
Wang Gang answered respectfully.
Xia Yu smiled, recalling that Yihe Machinery Group's stock price was HK$27.5 at the beginning. Now it had risen to HK$34.5, an increase of HK$7. The rise was substantial!
The faster the increase, the better! The higher it goes, the greater his profit. After all, he wasn't aiming to seize Yihe Machinery Group but was simply after the money!
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