Chapter 1190: Nomura Securities loses the first game

'Baka!'

'Jiuding Securities' goal is not to short sell, but to buy on the dips!'

Nomura Securities, when Junpei Hirata rushed to the operations room, he was furious when he saw the solitary buy order hanging on the operations screen and heard the report from Yutaka Yamakita.

His face was so red that it was hard to tell if he was angry or embarrassed.

Perhaps it was more the latter.

Yamakita lowered his head and didn't dare to say a word, not even mentioning the president's previous remark that Jiuding Securities and they were partners with a common interest.

'We don't have any stocks in our account anymore?'

After trying his best to calm down, Jun Hiragami asked Yamakita Yugo.

Yamakita Yugo still kept his head down and reported in a low voice, 'Yes, just now, after all the stocks were listed, they were all bought in an instant.'

Jun Hiragami's breathing became rapid again, and his chest rose and fell rapidly like a mountain range.

In a tone that still carried anger, he ordered, 'Immediately, immediately participate in the stock grab, and be sure to buy 77.3 million shares!'

'Yes!'

Yuki Yamakita subconsciously straightened his shoulders and replied, before quickly giving orders to his subordinates to execute.

Nomura Securities had borrowed 77.3 million shares from various institutions on a short sale basis, and now they needed to buy them back. The share price of Taiyo Suisan Kaisha had obviously bottomed out.

If they didn't buy enough shares now, when the share price went up, it would not only be difficult to buy, but also costly.

The higher the share price of Ocean Fisheries Company rises, the smaller the expected profit margin will become, and there is even a possibility of a loss!

Soon, Nomura Securities placed multiple buy orders at 106 yen per share.

But just a moment after they were placed,

the huge buy order of 95 million shares placed by Jiuding Securities at 105 yen was cancelled, and then another buy order of 50 million shares was placed at 120 yen per share.

The strength, arrogance and provocation of this behaviour made Junpei Hyuga, who was watching it all unfold, turn pale.

This is slapping him in the face!

Is this really an acquisition?

Or is it a malicious attempt to drive up the price?

What on earth is Kyūdo Securities thinking?

'Increase the price, keep increasing it!'

Junpei Hyuga ordered angrily, and his subordinates immediately carried out his order.

At the same time, Junpei Hyuga immediately gathered his elite team to analyse the possible next move of Kyūdo Securities.

Soon, all the investors and institutions on the Tokyo Stock Exchange were dumbfounded, watching the stock price of Taiyo Suisan Kaisha soar.

By the afternoon closing bell, the stock price had already soared to 162.44 yen per share.

In just one day, the stock price of Taiyo Suisan Kaisha had gone up and down like a roller coaster.

Unfortunately, today is Friday, and after the afternoon closing bell, the market will be closed for two days.

Jiuding Securities.

The atmosphere in Xia Yu's office is very lively at this time.

'Matsumoto Yu, how much equity do we currently hold, and how much capital have we invested?'

Xia Yu asked Matsumoto Yu with a smile.

Matsumoto Yu respectfully replied, 'Boss, all of our accounts hold a total of 227.96 million shares, accounting for 42.21% of the total equity of Taiyo Gyogyo Co.

'Because we all bought at the bottom, the acquisition cost was very low. Coupled with the fact that we previously bought at high prices and lost 324 million yen, the total cost was 29.078 billion yen, which is an acquisition cost of 127.56 yen per share.'

'Clap, clap...'

Xia Yu led the applause, and the others followed suit.

After the applause died down, Xia Yu instructed Matsumoto Yu, 'Matsumoto Yu, in the two days of Saturday and Sunday, get everyone moving, and go acquire all the remaining shareholders.'

'This afternoon, the stock price closed at 162.44 yen per share. I'm giving you the authority to double the maximum premium. This price has already exceeded Taiyo Gyogyo's initial normal stock price!'

'I have one request, to acquire as many shares as possible.'

'My bottom line is to increase our shareholding to more than 50%, with no upper limit. Understand?'

'The shareholding must be disclosed to the stock exchange on Monday, three days from now.'

Matsumoto Yu answered in a firm tone, 'Understood, I guarantee that the task will be completed!'

'Another thing, continue to borrow shares of Koito Industries, borrow as many as possible in the next two days, and continue to ship them in an orderly manner after the stock market opens next Monday.'

'Okay.'

...

What happened at Ocean Fisheries Company was of interest to the financial media, and at this point, even a fool knew that there had been a huge change.

When the spotlight shone on Ocean Fisheries Company, many things could not be hidden.

Not to mention that Jiuding Securities Company had already acquired so many shares, and many actions were not at all hidden.

Therefore, it soon became public knowledge that Jiuding Securities Company was in the process of acquiring a large number of Ocean Fisheries Company shares.

This news stimulated Junpei Hinata's nerves.

Without hesitation, he ordered people to join the acquisition.

Nomura Securities had borrowed a total of 77.3 million shares from other institutions, accounting for 14.31% of the total share capital.

If it had not been for Jiuding Securities' bargain-hunting, they would have been able to borrow this many shares from the stock market.

But now that Jiuding Securities had emptied the majority of the shares in circulation, it was no longer possible to acquire this many shares from the stock market.

The best way was to acquire them directly from the shareholders.

If you act too late and fail to grab enough stocks, then you're in trouble!

If the initiative is in the hands of other institutions, and Nomura Securities cannot repay the stocks, then it will have to bleed heavily to terminate the agreement, which is equivalent to buying the stocks at a high price.

Nomura Securities' involvement in the scramble has caused considerable obstacles to Jiuding Securities' stock acquisition.

However, Xia Yu had already considered this, which was why he had authorised Matsumoto Yu to purchase the shares at a maximum price of twice the closing price on Friday. This price was much higher than the price at which Nomura Securities would sell the shares after the bet.

If Nomura Securities bought at this maximum price, it would lose 30 yen for every share it bought, and the more it bought, the more it would lose.

Would you do a losing deal or not?

Therefore, in the process of competition, Nomura Securities was completely at a disadvantage.

One by one, the shares were acquired by Jiuding Securities.

When Sunday came, Jun Pingxiang was furious and continued to buy at any cost, but by then Jiuding Securities had already met Xia Yu's minimum target.

In this situation, since they could not buy, they would cause trouble and maliciously raise the price, so that Nomura Securities could not buy either, and shareholders who wanted to be fishers could not sell for the time being.

The weekend passed in a flash.

In the blink of an eye, it was a new week!

'Boss, this weekend, we acquired another 104.49 million shares, accounting for 19.35% of the total share capital. Among them, after learning about our shareholding situation, the largest shareholder, who held 9.42% of the shares, directly withdrew and sold his shares to us.'

'The average price we paid for this batch of shares was 276.45 yen per share, which cost a total of 28.886 billion yen.'

'At present, we hold a total of 61.56% of the shares of Taiyo Fisheries.'

After Xia Yu's arrival, Matsumoto Yu reported the latest results with great spirit.

'Good!'

'Well done!'

'Go to the stock exchange immediately to disclose the shareholding while the stock market is still closed!'

Xia Yu praised Matsumoto Yu and decisively gave orders.

'Yes!'

Soon, while the Tokyo Stock Exchange was packed with people waiting for the stock market to open,

a piece of news shocked everyone like a depth charge.

Jiuding Securities Company announced that it held a total of 61.56% of the shares in Dayang Fisheries Company, officially becoming the largest shareholder of Dayang Fisheries Company!

Once the news spread, there was an uproar.

Junpei Hyuga, who was in the middle of an urgent meeting laying out the work, received a report from his subordinate and angrily shouted, breaking his teacup in the process!