Chapter 70: The Battle Situation

Let's rewind to before Xia Yu and Tian Wu Securities had started their confrontation. The scene shifts to Da Fa Real Estate.

When Li Zhaoxu arrived at Da Fa Real Estate's headquarters once again, he was surrounded by reporters who had been waiting. He held another press conference, this time with TV reporters broadcasting live. He reiterated that the company's financial chain was intact and accused others of maliciously shorting Da Fa Real Estate. He also announced that the company would invest hundreds of millions to buy back shares, urging shareholders to have confidence in Da Fa Real Estate.

Afterward, Li Zhaoxu hurried into the company, his previously calm demeanor gone.

Although he claimed to invest hundreds of millions to buy back shares, it was merely a bluff. To reassure shareholders, he wanted to provide evidence of Da Fa Real Estate's sound financial status, but there was not enough time to prepare the materials. Moreover, he had recently invested in a new piece of land, which had already drained the company's funds. The remaining funds were minimal, and though they would be recovered in a few days, the timing was unfortunate and left him at a disadvantage.

This time gap was perfectly exploited, and Da Fa Real Estate was hit hard. Li Zhaoxu was deeply frustrated and felt helpless.

Additionally, the media was now extremely unfavorable to Da Fa Real Estate, and the stock was being shorted aggressively. Li Zhaoxu was as anxious as an ant on a hot pan.

What troubled him the most was that within just one day, he could no longer contact the other shareholders. He was left alone to bear the burden, hoping the other shareholders would contribute funds to buy back shares and help him through this crisis.

However, they were only fair-weather friends and abandoned him in his time of need.

He knew someone wanted to acquire Da Fa Real Estate, but he couldn't find out who despite using his connections. His grassroots background was a disadvantage at this moment! Even after decades of hard work, his network didn't extend to the upper echelons of Hong Kong society. Few could help him in a critical situation, which was why he only raised a bit over two million in funds.

Attempts to borrow from banks were also thwarted. Long-term partners turned their backs and refused to lend him money.

It was clear that those with such power were definitely the prominent families of Hong Kong. But Li Zhaoxu was unwilling to give up. Da Fa Real Estate was the result of his decades of effort. He would not surrender until the last moment. Even if hope was slim, he would try once more!

Li Zhaoxu urgently left the company for the exchange. His two million funds had been transferred, and he had found an institution to assist with operations.

Just as his funds entered the institution's account and preparations for buying began, he suddenly learned that another force was buying up stocks. However, the force that had previously suppressed the stock price was still active, indicating a clash between two opposing sides.

Li Zhaoxu was bewildered. Who were these new players? Were they opposing the force that was driving down his stock price or trying to acquire Da Fa Real Estate themselves? Were they friend or foe?

The situation had become more complicated!

Li Zhaoxu wanted his side's institution to join the buying frenzy, but his friend advised, "Mr. Li, I suggest you observe the situation first. Your goal is to stabilize and raise the stock price. Someone is already working on that, which is beneficial for you. Others don't know that you're not the one buying shares, so their mistake might actually help you."

"Moreover, your funds are too limited to make a significant impact. It's better to hold onto them for any sudden developments!"

Li Zhaoxu thought it over, sighed, and agreed, "Alright, I'll follow your advice and see how the situation unfolds."

...

Once Xia Yu's funds were in place, Da Fa Real Estate's stock price stopped falling and began to fluctuate within a narrow range, with a sharp increase in stock turnover.

Some investors, frightened and eager to cut their losses, saw the stock price stabilize and quickly sold their shares. Others, more speculative, held onto their shares, hoping for a rebound.

This battle caught not only the attention of shareholders but also other institutions watching closely for opportunities.

Institutions that had lent Da Fa Real Estate's stock to Tian Wu Securities and signed short-selling agreements were waiting for their chance. They realized they had been tricked by Wu Chengtai when the stock price of Da Fa Real Estate plummeted. After analyzing Tian Wu Securities' funds and resolve, they had hesitated to act.

These institutions didn't know which other securities Tian Wu Securities had agreements with. Thus, they were cautious about entering the market and confronting Tian Wu Securities. The risk was high, and it wasn't worth the potential loss.

However, they weren't passive. As soon as Da Fa Real Estate's stock price crashed, they began probing for opportunities. Now, seeing another force entering the market to confront Tian Wu Securities, they believed there was a chance. Many institutions closely monitored the situation, ready to align with the winning side.

Meanwhile, Xia Yu was methodically buying up stocks. After clearing the market's scattered shares, he welcomed any stocks from Tian Wu Securities, seeing them as gifts. To Xia Yu, each share Tian Wu Securities sold was like money falling into his hands.

Of course, if Xia Yu's funds were exhausted and the stock price continued to decline, he would incur losses. But could Xia Yu's funds run out?

Whoever faltered first would be in trouble and pay the price for failure! At a certain point, it all came down to the amount of funds available!

This time, it was almost a battle of finances. Xia Yu, with his funds, could crush Tian Wu Securities. The final victory depended on outlasting the opposition. The flaw lay in Tian Wu Securities and Ma Chengkun's failure to understand Xia Yu's financial strength and underestimated his resources.

Soon, Xia Yu's side had purchased two million worth of Da Fa Real Estate's stock. Due to Xia Yu's superior timing and order execution, he had bought 1.2 million worth of shares, while Liu Tianci's team handled around 800,000.

...

As time passed, the battle continued.

"Boss, the opponent has bought about two million worth of stocks. However, their offensive hasn't diminished. Should we…" an employee reported to Wu Chengtai.

"Don't worry. The opponent only has about two million in funds, which will run out soon. Push harder and continue suppressing the stock price," Wu Chengtai said, waving off the concern and giving further instructions.

Victory seemed within reach, and Wu Chengtai couldn't help but smile.