Chapter 121 121 General Motors is going bankrupt, the bad news is coming!

  The next day, June 15.

  After lunch, boring, Wang Guanxi opened the web page and checked the current affairs news.

  [U.S. General Motors is about to go bankrupt].

  Bankruptcy includes bankruptcy liquidation and bankruptcy reorganization.

   General Motors of the United States began bankruptcy and reorganization in June 2009, and was reborn two years later.

  In the future, the US government will become its largest shareholder, owning 60.8% of the shares. The Medical Insurance Trust Fund of the American Auto Workers Union owns 17.5% of the shares, the Canadian government owns 11.7% of the shares, and the old General Motors Corporation gets 10% of the shares.

  The subprime mortgage crisis brought down General Motors Corporation of the United States.

  His rival, Ford, is not doing well.

   intends to reduce a large number of Asian orders.

  Wang Guan Xile is broken.

  "This news is a heavy blow to the automotive industry and its suppliers."

  "BYD Electronics Group is a supplier to the automotive industry!"

   "The bad news is coming!"

  The auto industry is so miserable. It goes without saying that the suppliers in the auto industry have no upstream orders, or the upstream industry reduces orders, the impact is very serious.

  And the customers of upstream suppliers are consumers, and the real estate in the United States collapsed··

  ··

  At this moment, BYD Auto Group has just held a shareholder meeting, because the global giant auto companies may go bankrupt, plus Ford, Mercedes-Benz are planning to reduce orders.

  BYD Auto Group needs cash flow, and cashing out some stocks is a good choice.

  BYD Auto Group is the largest shareholder of BYD Electronics Group and intends to cash out some shares.

  And Zhong Hewu, the major shareholder of BYD Electronics Group and the controller of Golden Dragon Fund, has already sensed that BYD Electronics Group's life in the second half of this year is definitely not easy.

   "This General Motors is a century-old company. How could it go bankrupt, but it still has to be taken seriously."

  "Next week, I will continue to sell the shares of BYD Electronics Group, and I will buy them back next year"

  ··

  At this moment, HSBC International Trust, Jiang Quangang feels that the probability of General Motors going bankrupt is not high, but it is undoubtedly a heavy blow to the global automotive industry and downstream suppliers in the automotive industry.

  This BYD Electronics Group is precisely the downstream supplier.

  "Opening next week, continue to sell shares of BYD Electronics Group"

  ··

As for the US Fidelity Investment Group (FMRLLC), Hong Kong branch, Si Xiuliang looked down. He told his assistant: "Starting tomorrow, stop increasing the share of BYD Electronics Group and let the stock price fall to a lower position. 3 Increase your holdings when it’s yuan per share.

  Although he is very optimistic about the prospects of BYD Electronics Group, now is not the time to increase holdings at a high level. If the stock price is very low in the future, he will continue to increase holdings. After all, this is a long-term value investment.

   "Yes, President"

  In the evening, General Motors, Ford, and even BYD Auto Group brought bad news for BYD Electronics Group’s stock price.

  Wang Guanxi, Feng Shaokun, Wu Zhanhai, Zhuang Anyong, Zhang Dexi, Chen Tianqing, Hao Yumao·Guo Linhai are all in the open-air restaurant.

  There is a private cocktail party here.

  Everyone is not interested in the auto industry giants, General Motors going bankrupt, and no one brings the topic to the auto industry.

  Feng Shaokun said excitedly: "General Motors is going bankrupt!"

  "The global auto industry is going to be in depression."

  "Guanxi, the share price of BYD Auto and BYD Electronics will start to plummet tomorrow."

  Wang Guanxi shorted the shares of BYD Electronics, and this time he will continue to make a lot of money.

   "It's okay, hope," Wang Guanxi smiled.

  Wu Zhanhai of Wing Lung Securities, Hao Yumao of Ping An Fund, Guo Linhai of Guoco Financial Group, all three bought shares of BYD Electronics.

  But they all think Feng Shaokun has made a fuss.

  How about even if it keeps falling?

  They just need to make long-term investments. After all, the prospects of BYD Electronics Group are very good.

  Chang Dexi of Catalan Auto Insurance and Chen Tianqing of Asia Financial Holdings did not say anything, after all, they do not hold BYD stocks.

  At this time, Feng Shaokun said again: “Guanxi, this time you said BYD Auto Group, what will the share price of BYD Electronics Group fall into this year?”

  Wang Guanxi smiled and said: “It’s hard to say, the global auto industry, the auto industry suppliers are not happy, the stock price must have fallen by more than 80%.”

  Feng Shaokun also said: "This is completely possible. After all, General Motors in the United States is going to go bankrupt."

   Wu Zhanhai hurriedly said: "This is impossible. The editors of these media are purely spreading rumors about General Motors."

  Hao Yumao also said: “This General Motors is the world’s largest auto giant, a century-old company, how can it go bankrupt”

  Guo Linhai also echoed: “Yes, General Motors has gone through two world wars, the Great Depression, and many economic crises, and it hasn’t closed down. This is nothing.”

  General Motors was founded in 1908, and it has been 100 years now. It has gone through many crises, and nothing happened at all.

   "It makes sense"

"impossible"

  ··

  Others suddenly felt very reasonable.

  The views of Wang Guanxi and Feng Shaokun are not taken seriously by everyone.

  Wang Guanxi knew that General Motors was bankrupt and reorganized, and returned after a few years.

  But it is true that it went bankrupt.

  Now the global auto industry and auto suppliers have been hit.

  The share price of BYD Auto and BYD Electronics, starting from the second half of this year, will definitely be a long-term downturn.

  Thinking of shorting 14 million shares on her own, Wang Guanxi felt very arbitrary in her heart.

  The 14 million shares of BYD Electronics Group’s share price are all borrowed from Wing Lung Securities, Ping An Fund, and Guoco Financial Group.

  Wing Lung Securities borrowed 4 million shares, Ping An Fund borrowed 5 million shares, and Guoco Financial Group borrowed 5 million shares.

  This time Wang Guanxi bet against the three of them.

  Now the situation is not good for the three of them.

  Because the share price of BYD Electronics has fallen to the 6.00 position.

  Wang Guanxi’s account has a floating profit of 42 million Hong Kong dollars.

  Now there is news from Likong BYD Electronics, and the three of them are also flustered.

   Wu Zhanhai couldn’t help but said: “This time the stock price is so low, the American Fidelity Investment Group estimates that BYD Electronics will enter the market.”

   "The last time BYD Electronics fell to the 5.00 position, the American Fidelity Investment Group increased its holdings, and the stock price rushed to the 10.00 position at that time."

  Hao Yumao and Guo Linhai think it makes sense.

  After all, the American Fidelity Investment Group has been increasing its holdings. It is just how much to increase its holdings and where to increase its holdings.

  The stocks they hold, although they are trapped, but after a long time, they will definitely be able to get out of the trap.

  "Come, come, drink some wine" At this time, Zhang Dexi of Catalan Auto Insurance came back with a bunch of wine.

  "Okay, drink, everyone has something to drink" Chen Tianqing of Asia Financial Holdings opened a wine cup, poured a glass, and greeted warmly.

  So everyone drank wine.

  (End of this chapter)