The next day, July 16th, Wednesday.

Hong Kong stock market has not opened.

Chen Tianqing of Asia Financial Holdings has specially arranged a major news!

[Winglong Insurance Company purchased a large number of IndyMac Bank stocks and bonds, and lost nearly 2 billion yuan]

"This IndyMac Bond Management Company will definitely sell Winglong Insurance Company's stock. I can't let them sell at a high level. I must first smash the Winglong Insurance Company's stock and let them sell at a low level."

"I won't let you cash out so much cash at a high level!"

Chen Tianqing looked at the stock trend chart of Yonglong Insurance Company with a sinister face. He wanted to take the lead in smashing the stock price, and then Indymike Bank would also close the position. The stock price would collapse at that time and retail investors would be scared to death. At that time, a huge amount of selling orders would occur in the market. It is conceivable how bad the stock price would fall.

Anyway, Wu Zhankun, you are finished!

Then Chen Tianqing ordered several traders: "As soon as the market opens, you will smash the market. You will smash the stock of Yonglong Insurance to death!"

"Yes, Chairman" several traders are also ready to try.

Chen Tianqing was very satisfied. He excitedly picked up the coffee cup, took a sip, walked to the floor-to-ceiling window, stood with his hands behind his back, and looked into the distance.

"This time we will acquire Yonglong Insurance at the lowest cost. The lower the acquisition price, the better!"

Yonglong Insurance has a market value of 2 billion yuan, with a total share capital of 100 million shares, and its share price is at 20.01 yuan per share. His Asian Financial Holdings Company holds 30% of Yonglong Insurance's shares, which is 30 million shares, worth HK$600 million. Although the plummeting share price of Yonglong Insurance will cause the shares held by Asia Financial Holdings to shrink a lot, he doesn't care. He just needs to acquire Yonglong Insurance, so that the market value of Yonglong Insurance will drop below HK$200 million, and the cost of mergers will be very low.

Anyway, Winglong Insurance's loss of HK$2 billion would not be able to cover it. The stock price will collapse sooner or later. If they don't smash the market, Indymike Bond Management Company will cash out wildly, and the stock price will still collapse. It's better to let him personally smash the stock price.

Wang Guanxi, who was eating breakfast, also noticed [Yonglong Insurance lost 2 billion yuan]. This news was suddenly released before the opening. It was really not simple, it had the flavor of conspiracy.

Wang Guanxi continued to check the shareholders of Yonglong Insurance, including Asia Financial Holdings. Wang Guanxi immediately thought of that guy Chen Tianqing.

There are regulations that insurance companies cannot go bankrupt and can only be acquired or merged.

This time, Winglong Insurance Company is definitely finished. The institution that acquired it is likely to be the Asian Financial Holding Company. This Asian Financial Holding Company is also an insurance company. Its main business is the insurance industry!

Chen Tianqing must have the lowest price to acquire Yonglong Insurance. In his previous life, Yonglong Insurance was also acquired by an insurance company, but Wang Guanxi didn't remember which one it was. Now he found out that it was Chen Tianqing who acquired Yonglong Insurance. The acquisition price seemed to be only HK$100 million.

Yonglong Insurance, which was originally 2 billion yuan, was finally acquired by Asian Financial Holdings for a price of 100 million yuan, which is equivalent to a bargain price.

Since Wang Guanxi knew about it, he naturally would not let Chen Tianqing succeed so easily. He just happened to be short of an insurance company.

"Look at how much the stock price of Yonglong Insurance will fall."

``

Soon the stock market opened, and Chen Tianqing's people began to smash the market crazily.

200,000 shares!

200,000 shares!

200,000 shares!

···

Sold 5 million shares!

Stock price plummeted!

From the 20.00 position to the 16.00 position.

In the United States, Annis of Indymike Bond Management is also stupid!

What's going on? Some people smashed the market in advance, and they didn't have the chance to sell at a high level!

"Sell"

"Sell quickly"

"Yes, Mr. Annis" traders began to sell Wing Lung Insurance's shares. They hold 10% of Wing Lung Insurance's shares, worth HK$200 million. Now this 200 million Hong Kong dollars is not much. Now for them who lack funds, it is also meat.

2 million shares!

2 million shares!

···

Soon, the stock price of Yonglong Insurance continued to plummet under their sell-off.

15.00!

14.05!

13.56!

··

Asian Financial Holdings Company, Chen Tianqing shouted: "Increase the sale!"

The stock price fell so badly that he certainly knew it was Indymike Bond Management that was selling.

So it's just right, everyone sells it together.

"Yes, Chairman" traders continue to sell

12.40!

11.50!

10.50!

10.00!

Many retail investors were also shocked when they saw the report that Winglong Insurance Company lost 2 billion Hong Kong dollars. The stock price fell so fiercely again, and they closed their positions wildly!

The stock price continues to fall!

9.00!

8.00!

···

3.00!

In just one morning, Winglong Insurance's stock price plummeted by 75%, and its market value shrank from HK$2 billion to HK$300 million!

The market value of the market was lost in one morning.

Wang Guanxi was having lunch and watched Wing Lung Insurance's stock price plummet by 75%, and its market value shrank from HK$2 billion to HK$300 million!

This was simply too unexpected.

Soon he saw the news that Winglong Insurance Company lost 2 billion Hong Kong dollars.

Wu Zhankun is finished.

The Wu family was already affected. In order to allow Wu Zhankun to continue to take charge of Yonglong Insurance Company, Wu Zhankun's father also spent HK$800 million to buy 40% of Yonglong Insurance's shares from China Merchants Yonglong Bank.

Now, 800 million has turned into 120 million Hong Kong dollars, and it is a huge loss.

Wu Zhankun is GG.

Last night, Wu Zhankun was still showing off in front of him, saying that Yonglong Insurance's market value was 2 billion Hong Kong dollars, and he asked him to give out 2 billion Hong Kong dollars!

Now it's OK.

NTM's show of showing off, are you still showing off?

Wang Guanxi has a good appetite and enjoys eating salad.

And at this moment, the Cultural Hotel, 17th floor, Room 1750.

Wu Zhankun just woke up and was too tired last night and didn't want to get up.

The beautiful model from Ji Yuan model company next to him had already left. He opened the news and saw that he was completely stunned.

The market value shrank by 75% in one morning!

Indymike Bank also went bankrupt and all investments were done.

His cell phone fell to the ground.

A sharp pain came, and the heart felt like it was stabbed.

He doesn't know what to do?

Use funds to protect the market?

It's just a free money and it's useless.

Yonglong Insurance is insolvent, and it is also the end of being acquired. If you want to avoid being acquired, you have to fill in the money yourself.

He hurriedly put on his clothes and rushed back to Yonglong Insurance Company.

At the opening of the afternoon, IndyMac Bond Management continued to sell Winglong Insurance's shares, and they felt that Winglong Insurance would also be dragged down by them, resulting in bankruptcy.

Before Yonglong Insurance goes bankrupt, clear the stocks quickly.

Annis didn't close his eyes all night. Today, the Asian stock market opened. They were just about to sell Yonglong Insurance's stock, but some institutions were smashing the market, which led to the low price they sold.

"Continue selling and clear it up"

"Yes, Mr. Annis" two traders kept closing their positions.
To be continued...