Zhao Chen put down Public Sentiment Briefing in his hand and looked at Chen Xi:
"How is the delivery of shares with Short Sellers going?"
Chen Xi looked up from the computer:
"It's over."
She pulled up a document:
"In accordance with the agreement to close the position, all 100 million shares were delivered.
The funds arrived last night and all registration procedures were completed this morning."
Zhao Chen nodded:
"How did the market react?"
Chen Xi laughed:
"News of the agreement to unwind leaked out this morning."
Zhang Qingxue frowned slightly:
"Leaked? Where did it leak from?"
"No need to check."
Chen Xi said, "This kind of news cannot be hidden in the first place. And--"
She paused:
"In line with market expectations."
Zhang Qingxue thought for a while and nodded:
"Indeed. Short Squeeze In the end, there is only one way to close the position through agreement. The market has already guessed it."
Chen Xi continued:
"According to the normal script, at this time, those long positions on Henglong stocks and Short Sellers that have not yet closed their positions should start preparing to close their positions and leave the market."
She paused:
"But-"
Zhao Chen looked at her:
"But what?"
Chen Xi's smile became deeper:
"But after the end of Shareholders' Meeting this morning, the willingness of bulls to close their positions has been significantly reduced."
She pulled up the stock price chart:
"You see, during the morning meeting, the stock price was still fluctuating around 11 yuan.
After the meeting, the market began to reassess the value of Henglong."
Zhang Qingxue pushed up his glasses:
"What assessment?"
Chen Xi reports a number:
"Net assets per share are 11.4 yuan."
The office was quiet for a second.
Zhao Chen's brows raised slightly.
Chen Xi continued:
"Market analysis believes that with such a low debt ratio, it is reasonable for the stock price to exceed net assets.
The current price is just over 11 yuan, which is still below the net worth."
She paused:
"So the current situation is - there is no Short Position to close the position in the market, and no sell order at a reasonable price can be found."
She pointed to the climbing line on the screen:
"Some bulls who cannot hold back have begun to buy at a premium.
Now the stock price has been pushed above 11.5."
Zhao Chen looked at the number.
11.52.
Henglong For the first time since the stock market crash last year, the stock price exceeded the net assets per share.
Zhang Qingxue took a gentle breath:
"This means..."
"It means the market is starting to reprice Henglong."
Zhao Chen took over, "In the past, everyone thought that Henglong was only worth 4 billion because they were worried about Off-Balance Sheet Liabilities.
Now that the thunder has been cleared, the net assets are 6.2 billion, and the stock price is only over 6 billion--"
He paused:
"Underestimated."
Chen Xi nodded:
"Yes. So those long positions that have not yet been closed are reluctant to sell now. They are waiting for a higher price."
Zhao Chen was silent for a few seconds.
He remembered last November, Short Selling Henglong.
At that time, the stock price was 10.5 Hong Kong Dollar. He was betting that it would fall, and it did fall in the end.
The stock price is now 11.5, and the market is betting that it will rise.
In more than half a year, everything has turned around.
At three-thirty in the afternoon, a certain securities firm Trading Room.
The trader stared at the screen, not daring to blink.
"Boss, Henglong has risen again."
The fund manager standing behind him said nothing.
On the screen, the stock price of Henglong has rushed to 11.68.
"It's 11.7." The trader's voice was a little wavy, "It's still going up."
The fund manager finally spoke:
"Where is Trading Volume?"
"Shrinking volume," the trader said. "There are very few sellers."
The fund manager was silent for a few seconds.
Then he smiled bitterly:
"This is the script after Short Squeeze.
Short Sellers is dead, bulls are reluctant to sell, and no one wants to hit the stock price, so it can only go up."
He paused:
"Henglong This time, I'm really alive."
After the market closed, Zhao Chen stood alone in front of the window and looked at the scenery of Jiangpan.
Su Wantang walked to him, did not speak, and just Jingjing accompanied him.
Chen Xi and Zhang Qingxue were still sitting on the sofa and were not in a hurry to leave.
After a while, Zhao Chen turned around:
"Chen Xi, call Liu Mingyu."
Chen Xi was startled for a moment, then nodded, picked up the phone and sent a message.
In less than ten minutes, Liu Mingyu pushed the door open and came in.
His face was still filled with excitement after Shareholders' Meeting ended successfully, but after entering the door, he immediately calmed down and stood still in front of Zhao Chen:
"Chairman Zhao."
Zhao Chen motioned him to sit down:
"Next Monday, the first meeting of the new Board of Directors will be held. You are responsible for informing all directors and confirming the time."
Liu Mingyu Quick note:
"Understood. The place is still here?"
"Yes." Zhao Chen said, "28th floor Meeting Room."
He paused:
"There are three main items on the agenda:
First, elect Chairman Board of Directors;
Second, review and approve the appointment of the new senior executives;
Third, discuss the company's strategic direction for the next stage."
Liu Mingyu nodded:
"I'll send out the notice tonight."
Zhao Chen looked at him:
"Shen Jue and Xu Yong, you can call them personally. She is a new director and some procedures need to be explained clearly."
Liu Mingyu shuddered slightly:
"Understood. I will take care of it."
Zhao Chen nodded:
"Go ahead."
Liu Mingyu stood up and left, his steps steadier than when he came.
He knew that from today on, what he had to face was no longer the identity of "Zhao Chen's secretary-general", but a key role in a brand new Board of Directors.
After Liu Mingyu left, Zhao Chen looked at Chen Xi again:
"Call Chen Qiming too."
Chen Xi sent another message.
This time it was faster, Chen Qiming almost trotted in.
He stood still in front of Zhao Chen, panting slightly:
"Chairman Zhao, are you looking for me?"
Zhao Chen motioned him to sit down:
"Two things."
Chen Qiming immediately took out his notebook.
"First," said Zhao Chen,
"You discuss with Chen Xi and compile a stock investment plan for a pig-raising enterprise."
Chen Qiming's hand paused slightly.
Raising pigs?
He raised his head and looked at Zhao Chen to confirm that he heard correctly.
Zhao Chen's expression is very calm:
"Chen Xi will discuss this matter with you in detail. Pork prices will remain high in the next few years, which is an opportunity.
How to invest specifically - whether to invest in existing companies or build your own, you make the plan."
Chen Qiming Take a deep breath and quickly write down:
"Understood. I will start research tomorrow."
Zhao Chen continued:
"Second, prepare a detailed list of fixed assets."
Chen Qiming raised his head:
"List of fixed assets? What exactly does it include?"
"Everything." Zhao Chen said,
"Land, projects under construction, completed projects, self-owned properties, equipment, vehicles - as long as they are fixed assets under the company's name, list them all."
He paused:
"It must be clearly listed one by one according to category, location, book value, assessed value, mortgage status, and usage status."
Chen Qiming's pen tip slides quickly on the paper:
"Understood. This workload is relatively large and may take a week."
"I'll give you a week," Zhao Chen said, "But I want to see the first draft before Board of Directors next Monday."
Chen Qiming nodded:
"No problem."
Zhao Chen looked at him:
"Go. Communicate more with Chen Xi."
Chen Qiming stood up and looked at Zhao Chen again.
He had many questions to ask - why invest in pig farming? Why should we count fixed assets?
But he didn't ask anything.
Because he knows that Zhao Chen must have his reasons for doing this.
And what he needs to do is to get things done.
After Chen Qiming left, Zhang Qingxue pushed up his glasses:
"The list of fixed assets is to prepare for the sale of the property company?"
Zhao Chen shook his head:
"More than that."
He looked out the window:
"I want to know how much property Henglong has in his hands and how much it is worth."
He turned around:
"The property management company is just the first one. There will be more later."
The office was quiet for a few seconds.
Chen Xi and Zhang Qingxue looked at each other and saw the same thing in each other's eyes--
This man is playing a big game of chess again.
Su Wantang walked up to Zhao Chen and gently held his hand.
"It's been a tiring day," she said softly, "Let's go home."
Zhao Chen looked at her and nodded.
As several people left, an explosive news gradually spread in the financial circle.