Chapter 1029: The stock price has collapsed!

As dawn broke, warmth pierced the sky. The morning sun was especially warm, and coupled with the sudden rain from last night, which swept away all exhaust fumes and floating dust, the air was exceptionally fresh.

This seemed to indicate that today would be a good day.

As the sun gradually rose, the time grew closer to the time for work, and the whole city began to buzz with activity.

Norman Shiyaohuai had been unable to sleep well last night due to the sudden news that had spread yesterday afternoon. After hastily finishing breakfast this morning, he hurried to Swire Finance.

Coincidentally, Cedric Quincy had also been unable to sleep well last night and had also arrived at the company early.

When Norman Shiawai arrived at the office, he saw Cedric Quincy reading the newspaper intently.

'Cedric, good morning!'

Norman Shiawai's words startled Cedric Quincy.

The latter immediately put down the newspaper and respectfully greeted Norman Shiawai, 'Good morning, Chairman. You're here so early!'

'Do you need a newspaper?'

Looking at the thick stack of newspapers in front of him, Norman Shiyahui had already read the Jiuding Daily and the South China Morning Post while having breakfast at home, but due to the time, he only read the headlines.

He also wanted to know what the front page headlines of other business newspapers were.

'Bring me all the business newspapers except the Jiuding Daily and the South China Morning Post.'

'Okay.'

After receiving the newspapers from Cedric Quincy, Norman Shi Yahuai quickly leafed through them, scanning the pages for keywords. He only stopped when he found what he was looking for, and then he frowned as he read each word carefully.

As he read through the newspapers, Norman Shi Yahuai's face gradually grew gloomy, and his breathing became heavier.

Cedric Quincy, who had been closely observing Norman Shi, could understand the chairman's mood, because just now, when he was reading the newspaper, his mood was no better than the chairman's.

Newspapers such as the Hong Kong Economic Journal, Hong Kong Commercial Daily, Sing Pao Daily News, and Hong Kong Economic Times all had the same news on the front page.

That was the news that suddenly spread throughout Hong Kong yesterday afternoon – Jiuding Securities had given up on its takeover of the Swire Group.

Of course, each newspaper has a different style and approaches the news from a different angle, as well as using different headlines.

The more sensationalist headlines read: 'Jiuding Group vs. Swire Group, it ends in failure!'

The more neutral headlines read: 'Jiuding Securities Company backs down, Hong Kong stock market reaches a watershed!'

...

Of course, Norman Shih's focus is not on the headlines of each newspaper, but on the impact that all these newspapers reporting this news on the front page will have!

Yesterday morning, just before the market closed, Swire Finance finally completed all the plans, which meant that he firmly controlled the Swire group of companies.

He was in a good mood yesterday afternoon.

However, just as he was leaving work, he learned that Jiuding Securities had given up on the takeover.

Now almost all newspapers are reporting the news, and at this point, there is no doubt that the vast majority of investors in Hong Kong are almost all aware of the news.

This certainly adds an aura of glory to the Swire consortium for defeating the Jiuding consortium, but this is just an illusion, and the impact is hidden and intangible.

But the most urgent thing is that, with the Jiuding consortium backing down, the battle is over. With the stock price, which was pushed up by the competition between the two, there is no longer a constant source of the most core driving force, so how is it going to be maintained?

The stock prices of those with low valuations have all risen three to four times, and those with high valuations have all risen five to six times. Such increases are not affected even if he releases good news, let alone the fact that he cannot find any good news.

The most effective method is undoubtedly to invest a large sum of money in buybacks and buy up all the low-priced sell orders, and the stock price will naturally temporarily stabilise.

However, Norman Shiyahui has directly passed on this method, as he does not have that kind of money!

If he had that kind of money, he wouldn't have had to give up some of his assets and strategically reduce his strength.

So the situation now is — there is no solution!

If the stock price falls slightly, it's okay, but if it falls too sharply, then he's going to be in trouble.

'Hey...'

After putting down the newspaper, Norman Shiyaohuai let out a long sigh. Even though it was only a couple of hours since he had first got up, he felt physically and mentally exhausted.

'Cedric, do you have any way to stabilise the stock price?'

Norman Shiyah looked at Cedric Quincy with a glimmer of hope, hoping that the financial elite could come up with a solution.

Unfortunately, Cedric Quincy was not a god, and he had been unable to think of a solution to this situation last night.

Facing the chairman's hopeful gaze, he could only bow his head slightly, shake his head bitterly, and apologize, saying, 'Chairman, apart from repurchasing, there is no other substantial and effective solution, and we can only hope that investors will remain calm.'

After saying this, he paused for a moment, looked at Norman Shi Yawhai, who looked very uncomfortable, and then gathered his courage and said, 'And we also have to guard against someone maliciously short selling. Once other institutions see the short side, it will seriously affect the stock price, whether or not there is actually a short selling agreement.'

'If there is really an institutional bet, then we will have to raise funds to take over the shares and stabilise the stock price, otherwise it will be very easy to be overly suppressed, causing panic in the market with very serious consequences.'

In the final analysis, you still need to have enough funds!

Only with sufficient funds can you calmly deal with whatever tricks the enemy plays.

But Norman Shiyahuai's problem was precisely a lack of funds!

And with the equity already sufficient, he didn't want to buy more shares when the stock price was so high, as the risk was too great!

'How much money does the company have left?'

Norman Shiyahuai asked after taking a deep breath to calm himself down.

Cedric Quincy immediately replied, 'Chairman, there are currently more than 340 million Hong Kong dollars in the company's accounts.'

This amount is astronomical for ordinary people, but if it is used for the initial defence, it is far from enough compared to the current market value of the four companies, which has accumulated to more than 50 billion Hong Kong dollars.

This money must be used to save lives in the most critical moments!

It cannot be spent recklessly!

Norman Shi Yawei fell silent, as he fought an intense battle within.

After a long while, he let out a long breath and said softly, 'Let's first see how the stock market is doing. Unless the situation is serious, this capital will not be invested in the stock market.'

Cedric Quincy nodded emphatically and whispered, 'Okay.'

...

As the time passed, the opening of the stock market was drawing closer and closer. Both Norman Shi Yahui and Cedric Quincy went to the operations room and anxiously waited for the stock market to open.

At ten o'clock, with the sound of a bell, the four major exchanges opened at the same time.

The share price of Swire Pacific, which Norman Sjöwall was watching closely, did indeed shake violently, as did the share prices of the other companies.

Immediately, he saw that there were many sell orders on the market, but almost no buy orders.

His heart immediately rose, almost to his throat, and he subconsciously held his breath.

He saw the Swire Pacific share price fluctuate violently between HK$52.65 and HK$52.74.

After about ten seconds of violent fluctuations,

just then!

a sudden sell order made Norman Shiaohuai's face turn pale.

Because this sell order, which amounted to 100 lots and was worth more than HK$500,000, was placed at a price of HK$51.50 per share!

It was directly sold at a price of more than HK$1 per share lower!

'Buy! Buy! Buy!'

Norman Shiyahuai stared at the sell order with a fixed gaze, his heart constantly screaming, hoping that an institution would gobble up the sell order.

But things did not go as he wished.

One second passed!

Three seconds passed!

Five seconds passed!

Seven seconds passed...

Institutions scattered all over the place and retail investors gathered at the stock exchange saw that no one was buying the low-priced sell order. The situation was completely obvious, and their already fragile state of mind instantly collapsed.

After a fierce struggle within, Norman Shi Yawei's eyes flashed with a determined look, and he immediately ordered one of the traders in front of him, 'Buy this equity first...uh...'

Before Norman Shi Yawei could finish his sentence, his neck felt as if it had been strangled, his eyes instantly bloodshot, as he stared fixedly at the electronic board, his old hands subconsciously clenching.

Too late!