On December 1, Friday, West Point Casino closed in the afternoon.
An announcement from Henglong after the close gave a boost to the bulls in the market.
<Henglong Group's announcement regarding the partial dismissal of Controlling Shareholder and its major shareholders from Share Pledge>
"Our company Board of Directors is pleased to announce that Controlling Shareholder Mr. Zhao Chen has completed the redemption procedures for some of its pledged shares today.
This redemption involves a total of 40 million shares, accounting for 7.14% of the company's total share capital."
"At the same time, some of the pledged shares held by shareholder Ms. Su Wantang have also completed the redemption procedures, involving 20 million shares, accounting for 3.57% of the company's total share capital."
"A total of 60 million shares were released from pledge this time, and a total expenditure of 500 million Hong Kong Dollar including principal and interest was made.
The source of funds is Mr. Zhao Chen's personal legal investment income.
The relevant fund transactions are clear, the tax procedures are complete, and they comply with the relevant laws and regulations of the mainland and Hong Kong."
"The pledged shares released this time were pledged through overseas channels, and the operation cycle is short.
Mr. Zhao Chen took over the 160 million pledged shares from Zhao Jianguo, which are still in pledge status and will be gradually processed as planned."
"The company reiterates that everything is operating normally and thanks Guang Major Shareholder for its support and trust."
On Snowball, in Henglong Stock Bar, the bottom of the announcement was boiling.
User "From 5 to 20":
"500 million! He really took it out!"
User "Patience Pays Off":
"60 million shares, 500 million? That works out to more than 8 yuan per share, which was almost the pledge price at the time."
User "Value Discoverer":
"The key is that he really showed it! Do those who question his lack of money feel pain in their faces?"
User "Old Leek Root":
"500 million! Where did he get so much money?"
User "Valuation Hunter":
"Who in the market doesn't know that Zhao Chen has been bullish on Bitcoin for a long time. He must have bought a lot. You didn't believe it before, but do you believe it now?"
User "Pig Cycle Hunter":
"Wait a minute, the announcement said there are still 160 million shares that have not been released? That's the bulk."
User "Chase Rises Kill Dips for Life":
"Yes, only 60 million was released this time, and there is still 160 million in the hands of securities companies."
User "Patience Pays Off":
"But if you can solve 60 million, you can solve the rest. It's just a matter of time."
User "Value Discoverer":
"And the announcement says 'completed through overseas channels', which means that the pledge of Zhao Chen is not pledged to the country, so there is no need to look at the broker's face."
User "From 5 to 20":
"Now I just want to know, how does Lu Shen feel?"
This news is simply a disaster for Short Sellers.
Lu Shen stared at the announcement on the screen, motionless.
Zhou Huai stood behind him, not daring to express his anger.
After a long time, Lu Shen spoke:
"500 million."
His voice was very soft, as if he was talking to himself:
"He really took it out."
Zhou Huai said carefully:
"Mr. Lu, he has only released 60 million, and there is still 160 million left..."
Lu Shen shook his head:
"What do you know?"
He pointed at the screen:
"If he can solve 60 million, the market will think that the rest will not be a problem.
No one dares to bet whether Zhao Chen still has money in his hand."
He paused:
"And what he released was the part of the overseas pledge, which shows that he has overseas funding channels.
Why did I mess with this kind of person in the first place?"
Zhou Huai was silent.
Lu Shen stood up and walked to the window.
Outside the window, the sunset was sinking, dyeing the whole city blood red.
He looked at the red patch and suddenly remembered a sentence:
"Those who are good at fighting are in an invincible position without losing the enemy."
He thought he was attacking.
In fact, he was playing defense.
And Zhao Chen has been invincible from the beginning.
He lost.
Totally lost.
Zhou Huai asked softly from behind:
"Mr. Lu, what should we do now?"
Lu Shen There is no looking back.
He just said:
"Go to the market to find stocks, negotiate the price, and agree on the transfer. Buy as much as you can and sell as much as you can."
Zhou Huai was stunned for a moment:
"Will they sell it?"
Lu Shen said:
"There's always someone willing to sell!"
He paused:
"You can make a 30% premium based on today's closing price."
But there was no emotion in his voice.
Zhou Huai returned to his office, held his cell phone, and took a deep breath.
The first call is to Zhao Zong from Huatai.
"Zhao Zong, good morning, I am Zhou Huai from Jiahe."
"Mr. Zhou, is it so early?"
Zhou Huai Try to make the sound as relaxed as possible:
"Zhao Zong, do you have any shares of Henglong? We would like to purchase some through an agreement."
There was silence on the other end of the phone for two seconds:
"Acquisition by agreement? What price?"
Zhou Huai said:
"Based on today's closing price, the premium is 30%."
The other person laughed, very lightly, but Zhou Huai understood the meaning:
"30%? Mr. Zhou, are you sending beggars away?"
Zhou Huai was stunned for a moment:
"Zhao Zong, this premium is already quite high..."
"Not low?" Zhao Zong interrupted him,
"Mr. Zhou, you are also a member of the industry, and we don't talk secretly. You don't know what the market will be like next Monday?"
Zhou Huai said nothing.
Zhao Zong continued:
"A few months ago, Henglong and Short Squeeze went up from 5 yuan to 15 yuan and agreed to close the position. Have you not forgotten it?
Do you think the current posture will be worse than that time?"
He paused:
"You want to take the chips in my hand at 30%? Mr. Zhou, when the price rises next week, I can sell it for more than this price."
Zhou Huai gritted his teeth:
"Zhao Zong, we can talk again..."
"Let's not talk about it anymore. Let's wait until the market opens next week."
The phone hangs up.
Zhou Huai held the phone and smiled bitterly.
The second call is to Mr. Sun at China International Capital Corporation.
"Mr. Sun, I am Zhou Huai..."
"Mr. Zhou, I heard that you are collecting Henglong stocks everywhere?"
Zhou Huai was stunned for a moment:
"You are well informed."
Mr. Sun smiled:
"It's not that I'm well-informed, it's just that your story has spread around the world. Tell me, what's the price?"
Zhou Huai said:
"30% premium."
Mr. Sun was silent for two seconds:
"Mr. Zhou, are you kidding me?"
Zhou Huai said quickly:
"We can talk..."
"No need to talk." Mr. Sun interrupted him, "You want me to sell it now at 30%? When Short Squeeze comes next week, isn't it higher than your 30%?"
Zhou Huai said:
"Mr. Sun, Short Squeeze may not be successful..."
"Not necessarily?" Mr. Sun smiled, "How many Short Position do you have now?
80 million or 90 million? Tell me, can you close the position?"
Zhou Huai was silent.
Mr. Sun said:
"You can't fight. So next week there will definitely be someone Short Squeeze. Am I stupid to sell it to you now?"
The phone hangs up.
Zhou Huai held the phone and his palms began to sweat.
The third call was to the boss of a private equity company.
When the other party picked up the phone, the first thing he said was:
"Mr. Zhou, don't bother. 30%? When the market opens next week, I can sell it at a higher price than you."
The second phone call was to an old friend.
"Old Zhou, it's not that I won't help you. If I sell you to your current situation, how will I be able to function in the industry in the future? Others are not allowed to call me stupid?"
The fifth phone call was to a boss who owed him a favor before.
"Mr. Zhou, a favor is a favor, and a business is a business. If you ask me to sell it now, it will double my profit. I can't afford to repay this favor."
The sixth, seventh, eighth...
Zhou Huai made twenty phone calls.
No one agreed.
The reasons are surprisingly consistent:
"We'll wait until the market opens next week."
"30%? Who are you looking down on?"
"You haven't seen Short Squeeze a few months ago? Now it's here again, why should I sell it now?"
"Mr. Zhou, you are also in finance, so you don't know how to do this?"
Zhou Huai hung up the phone and leaned back on his chair, as if his strength had been drained away.
The phone is still in my hand and it's hot.
He fought for two hours and got nothing.
It's not that those people don't want to sell.
I want to sell it more expensively.
Everyone will see the Short Squeeze market next Monday.
How high will the stock price rise by then?
No one knows.
But everyone knows - you would be a fool to sell now.
30% premium?
In the face of such expectations, not even a splash can be made.
Zhou Huai stood up and walked to the door of Lu Shen's office.
He opened the door, looked at the back of the figure sitting in front of the window, and said in a hoarse voice:
"Mr. Lu, no one wants to sell it."
Lu Shen was silent for a long time.
Then he stood up:
"I'll go talk to them myself."
Zhou Huai was stunned for a moment:
"Mr. Lu..."
Lu Shen ignored him, picked up his coat and walked out the door.
Zhou Huai stood there, looking at the back.
The once high-spirited man now looks like a desperate gambler.
However, will it be useful if he comes forward in person? Zhou Huai doubts it.