Chapter 490 Penguin offensive and defensive battle (seeking monthly ticket)

  The next day.

  At nine o'clock in the morning, the call auction time for Hong Kong stocks.

  Xia Jingxing, Li Ying and others have arrived in the company meeting room, turned on several computers, and stared at the market trend together.

  At half past nine, Penguin’s opening price today was 1.55% higher than yesterday’s closing price, and it opened at 8.51 Hong Kong dollars per share, calmly.

  However, looking at the stock price trend, there is a large amount of money entering.

Without waiting for Xia Jingxing to call, Liu Hai, who had already returned to the United States, took the initiative to call and reported: "Jingxing, the position has exceeded 5%."

   "Okay, three days later, mail a disclosure letter to the Hong Kong Stock Exchange!"

  After briefly speaking, Xia Jingxing hung up the phone and found that Li Ying and Duck’s neck were staring at themselves in amazement.

  "What to look at, this is the rule of reasonable utilization. The Hong Kong Stock Exchange stipulates that for the first time holding 5% or more of the equity of a listed company, it must be disclosed within three working days.

  The methods of disclosure include telephone, fax, personal delivery or postal declaration.

  As long as it is confirmed that the letter is mailed from the United States within three working days after reaching 5% of the position, it will comply with the regulations.

  As for when the letter will arrive, that’s none of my business. "

  While talking, Xia Jingxing laughed all by herself.

  When Buffett’s Lao Yin was reducing PetroChina’s holdings in the past few years, he reported to the Hong Kong Stock Exchange about the record of holdings reduction by "mailing" it. By the time the letter arrived, it was already half a month later.

  The most outrageous thing is that when Buffett liquidated PetroChina stocks in 2007, he used the same trick several times, which made it clear that he took advantage of loopholes in the rules.

  If there is no such loophole, as soon as Buffett wants to reduce its holdings, then PetroChina's stock price will not fall to the bottom. Accordingly, Buffett will make a lot of less money when liquidating stocks.

  Xia Jingxing is now the other way around. He is increasing his holdings of Penguin's shares. If he discloses too early, it will also attract a large amount of funds to follow suit, which will cause Penguin's stock price to rise.

  Although no information was disclosed, anyone with a discerning eye could tell that someone was scanning the market, and Penguin’s stock price also rose along with it, and closed at 10.21 Hong Kong dollars that day.

  The next day, some retail investors followed up on the car, but a large number of selling drove the stock price down a lot.

  On the third day, Penguin's stock price rose again.

  …………

  …………

   Perceived that their stock trading is very active, Liu Zhiping and Bonima have almost been confirmed, and the fish began to bite.

   "Martin, do you want to start?"

  In the Pengcheng Fiyta Building, Bonima was smoking a cigarette, and asked Liu Zhiping sitting beside him with a hippie smile.

  The 34-year-old Bonima has just been promoted to the boss of a listed company last year, and his personality is not that mature yet.

  Seeing that Vision Capital has entered the market, I can’t wait to give the opponent a head-on.

  Liu Zhiping waved his hand, “Don’t worry, wait for them to open a position first, and do it now. You can only repel them, but you can’t make them remember.”

   "Okay, that's up to you!"

   Regarding financial and investment matters, Bonima is 10,000 at ease with Liu Zhiping.

  Previously, Liu Zhiping served as the executive director of Goldman Sachs Asia. He was appreciated by Bonima for helping Penguin to successfully go public in Hong Kong. “High salary and equity” dug this general under his family.

  Usually, Liu Zhiping also regarded Liu Zhiping as his own dog-headed strategist...Oh, no, it was Zhuge Liang.

  Anyway, how to arrange the military division, then how to do it, Pony Ma is very optimistic about the conspiracy of smashing Vision Capital.

  …………

  …………

  In a simple and cramped office in Hong Kong.

  Zhang Sanshi is discussing with four startup partners.

  "The penguin we selected has been very active in trading these days. I think there is a big fund buying, what should I do? Do you think you want to follow it?"

  Zhang Sanshi glanced at several partners and asked.

   "What is the key? We only have 20 million dollars."

  Zhang Sanshi confided, “I bought it all. I’m worried that there will be no shop in this village. Penguin’s stock price may not fall back below 10 Hong Kong dollars.”

   "The risk is very high, especially if there are big funds playing games in it." A companion persuaded.

  "Being optimistic about the big fund, it shows that we have chosen a good target."

  Zhang Sanshi waved his hand, "That’s it, all studs."

  The four companions thought that all the funds were raised by Zhang Sanshi from the Yale University Foundation, and Zhang Sanshi was also a major shareholder of their small company, Gao Ling Capital.

  Since the big boss has decided, they have no objection.

  Under the arrangement of Zhang Sanshi, the small company of Gao Ling Capital began to operate, and a single order to pay was issued.

  …………

  …………

  Almost half a month later, in mid-November, the mail from the United States was finally sent to Hong Kong. Envision Capital disclosed to the Hong Kong Stock Exchange that it already held 5% of Penguin Holdings.

  The news came out and immediately attracted the attention of a large number of media, retail investors, and institutional investors.

   Penguin's share price, which has broken through to 15 Hong Kong dollars, rose by more than 20% to 18 Hong Kong dollars per share. There are still more funds pouring into Penguin's stock, driving the stock price to rise steadily.

  At this time, how can there be less media to fuel the flames?

   "Envision Capital Swords Penguin, Joining Hands with Facebook to Build a Global Social Empire",

   "Bill Gates already owns shares in Facebook, the world's richest man wants to get rid of China's penguins? 》、

  "Undeclared war, revealing the ambition of Vision Capital for you".

  ……

  Not only is Hong Kong’s unscrupulous media reporting blindly, the domestic financial media also noticed the Hong Kong news and began to reprint it.

On the   Tianya Forum, Xia Jingxing’s iron fan has chanted the slogan “Expulse South Africa’s MIH, and the Chinese become Penguin’s major shareholders”.

  Under the boiling public opinion, Penguin's stock price skyrocketed again, breaking through 25 Hong Kong dollars per share and beginning to touch a high of 30 Hong Kong dollars.

  The penguin, who was conscious of the chance, finally took the shot.

  Pornima and several Penguin founders held a press conference, and expressed their unwelcome to Envision Capital’s shareholding and called them "barbarians".

  MIH representatives also attended the press conference and expressed their support for Penguin as always.

  Two parties share one plus, more than 70%, Envision Capital simply can't make waves.

  People who were expecting the merger of Facebook and Penguin were undoubtedly soured by a pot of cold water. Penguin's stock price fell in response, and retail investors and institutional investors began to retreat.

  The one who ran faster than them was Liu Zhiping's hidden hands in ambush.

  Several institutions such as Goldman Sachs Asia continue to throw large selling orders into the market, rushing like death.

  For several institutions, this is also a good deal.

  Liu Zhiping found them and invited them to make a game together.

  So when Envision Capital was rushing to raise funds at the end, Goldman Sachs and other institutions also entered the market to sweep the goods.

  Several institutions grabbed chips at around 10 Hong Kong dollars. At this time, they sold at around 25 and 20 Hong Kong dollars, which can be said to be a big profit.

  Large selling orders, coupled with the opposition from the Penguin founding team, and the fact that they are in front of everyone, the market sentiment is very low. How fast Penguin’s stock price had risen in the first place has fallen so hard now.

  25 HKD/share

  22 HKD/share,

  18 HKD/share,

  13 HKD/share,

  ……

  Penguin’s stock price fell faster and faster. It only took two days to drop below ten Hong Kong dollars, returning to its original shape before the surge.

  At this time, Envision Capital’s second disclosure letter was sent to Hong Kong, disclosing that Envision Capital held more than 6% of Penguin’s shares.

  Hong Kong Stock Exchange has all such rules, holding more than 5% of the shares, and every additional 1% must be disclosed again.

  The third letter, the fourth letter, and the fifth letter...successfully, showing that Envision Capital holds more than 7%, 8%, 9% of Penguin's shares...

  Every time a letter is sent, Penguin’s stock price will be reflected back, and it will briefly exceed 10 Hong Kong dollars.

  But later, there is no return to the photos, but every time a letter is sent, the stock price drops a little.

  Because people are constantly taking this opportunity to jump off the car and cut meat.

  At this point, the situation has become clear. Vision Capital cannot shake Penguin’s control. Even if the shares on the market are bought short, it cannot change the ending.

  Stupid retail investors who followed the car were the most angry, and even took Xia Jingxing and received a lot of scolding.

  (End of this chapter)