December 3rd, Sunday evening.
The news that Lu Shen once again purchased stocks at a premium quickly spread to every corner.
Caused a small shock in Finance Circle.
Everyone is having a heated discussion around the actual value of Henglong.
"Lu Shen bought another 10 million shares today, at a premium of 70%."
"Crazy? 70%? Isn't that almost 30 yuan?"
"He has no choice. If he doesn't buy it, it will be too late."
"How many more does he have on hand now?"
"It is said that there are still about 60 million shares left."
"60 million? Then the market will open on Monday..."
"Monday's opening will start at least 30."
"Not necessarily. Can Fundamentals of Henglong hold up to 30?"
"It doesn't matter whether you can hold it or not, what's important is that Lu Shen must be bought."
"Yes, the bulls have taken advantage of him now."
"If I had shares of Henglong, I would never sell them on Monday."
"Don't sell? Wait until it rises to 50?"
"50 is a bit exaggerated, 30-35 is about the same."
"When it rises to 35, I will sell."
"If you sell him and I pick him up, I don't believe he can reach 50."
"We'll see."
The two schools of thought were at loggerheads.
One party believes that Lu Shen must close its position, and the stock price will rush all the way to 50.
The other side believes that Henglong and Fundamentals cannot support such a high valuation. Once it exceeds 30, someone will rush to sell it.
But everyone agrees on one thing -
Monday's session will be very exciting.
As the largest bull, the bald manager forwarded the message to the group:
"Lu Shen bought another 10 million shares today, at a premium of 70%. Now he still has 60 million in hand."
The manager wearing glasses replied instantly:
"60 million? Do we have enough chips?"
Another manager sent a smiley:
"It doesn't matter whether we are enough or not. What is important is that he knows whether we are enough?"
Shen Jue sent a voice message with a hint of certainty in his tone:
"Don't panic. The chips in our hands, plus the ones from Zhao Chen, are enough for him to drink a pot."
The bald manager asked:
"Sister Shen, how do you fight on Monday?"
Shen Jue did not answer immediately.
The group chat interface was quiet for a few seconds.
Then she sent another voice message, this time with something else in her tone:
"Do you remember what I regretted the most?"
The manager wearing glasses was stunned for a moment:
"Regret? What do you regret?"
Shen Jue said:
"I regret that I sold those 30 million shares at 15 yuan last year during Short Squeeze."
She paused:
"This time, I don't want to regret it anymore."
The bald manager asked tentatively:
"You mean..."
Shen Jue said:
"I am ready to redeem the pledged shares. Redeem them all."
The group was quiet for five seconds.
Then the manager wearing glasses sent a series of exclamation points:
"!!! Sister Shen, you are going to hit me hard!"
The bald manager also reacted:
"After you redeem it, there will be even less securities on the market! Those 60 million shares of Lu Shen are completely dead!"
Shen Jue smiled:
"Yes. I want him to know what it means to have no way out."
Another manager asked cautiously:
"But will it take time to redeem your pledged shares?"
Shen Jue said:
"I have already communicated initially and it can be done in five working days. As soon as the announcement comes out, it will be enough for him to feel uncomfortable."
She paused:
"Moreover, I not only want to redeem, but also to buy."
The bald manager asked:
"Want to buy again?"
Shen Jue said:
"I've had people buy 10 million shares off the market.
The announcement will be issued tomorrow. By then, I will be a shareholder of Henglong holding 7.14% of the shares."
The group was completely blown away.
"Sister Shen, you are trying to block his way!"
"7.14% plus the 78.75% from Zhao Chen, that's close to 86%!"
"The 60 million shares Lu Shen holds are equivalent to 10.7% of the total share capital.
Not counting other long positions, our holdings alone exceed 5%.
If all Zhao Zong's shares are redeemed, as long as we don't sell them, Lu Shen won't be able to close his position even if he buys up all the shares on the market!"
Shen Jue finally posted:
"Yes, so we are not in a hurry, the advantage is ours.
Just wait and watch the show. I'll make a call first."
After a while, Shen Jue dialed Zhao Chen's phone number.
You still need to talk to Zhao Chen about releasing the pledge.
Zhao Chen was still working overtime at Henglong Building, and his cell phone rang suddenly.
He glanced at the caller ID--Shen Jue.
Connected.
"Zhao Chen." Shen Jue's voice came from the other end of the phone, with a hint of smile, "Aren't you asleep yet?"
Zhao Chen leans on the back of the chair:
"You haven't even slept, how dare I sleep?"
Shen Jue laughed:
"Zhao Zong This is a big joke. Let me tell you something."
Zhao Chen is waiting.
Shen Jue said:
"I am ready to redeem the pledged shares. Redeem them all."
Zhao Chen's brows moved slightly:
"All?"
Shen Jue said:
"Yes. It will be done within five working days."
She paused:
"In addition, I quietly bought 10 million shares off the market.
Let me tell you, let Liu Mingyu make an announcement. Starting tomorrow, I will be the shareholder of Henglong holding 7.14% of the shares."
Zhao Chen was silent for two seconds.
Then he laughed:
"You are trying to drive him to death."
Shen Jue said:
"Those who are engaged in finance are cruel to themselves if they are kind to their enemies."
Zhao Chen nodded:
"Okay. Let Liu Mingyu prepare the announcement. It will be sent out early tomorrow morning."
Shen Jue said:
"Okay. Then I'll hang up first. I still have to tell Secretary Liu."
The phone hangs up.
Su Wantang poked his head from the side:
"Shen Jue?"
Zhao Chen nodded:
"She wants to redeem the pledge and increase her holdings by 10 million."
Su Wantang was stunned for a moment:
"Then Lu Shen..."
Zhao Chen said:
"There is absolutely no way out."
Ten minutes later, Liu Mingyu's cell phone rang.
He glanced at the caller ID--Shen Jue.
Pick it up quickly:
"Director Shen."
Shen Jue Get straight to the point:
"Secretary Liu, please make an announcement.
I have increased my holdings by 10 million shares and plan to redeem all pledged shares.
I will send you the content to WeChat. After you prepare it, give it to Zhao Zong to take a look and send it out early tomorrow morning."
Liu Mingyu was stunned for a moment:
"Redeem all pledges? Director Shen, this is..."
Shen Jue laughed:
"What? You don't want to post it?"
Liu Mingyu said quickly:
"No, no, I'll do it right away."
The phone hangs up.
Liu Mingyu looked at the messages on his phone and took a deep breath.
Shen Jue This cut was too harsh.
He turned on his computer and started drafting an announcement.
The sound of fingers tapping on the keyboard is particularly clear in the quiet night.
After drafting it, he quickly sent it to Chen Xi and asked her to send it to Zhao Chen for review.
When Chen Xi opened the door and came in, he was holding a stack of newly printed information in his hand:
"Zhao Zong, Shen Jue's announcement is ready."
Zhao Chen took the information and read page by page.
<Henglong Group's announcement regarding shareholder Ms. Shen Jue's increase in holdings and redemption of shares>
"Our company Board of Directors is pleased to announce that it has received notification from shareholder Ms. Shen Jue that she has recently increased her holdings of 10 million shares of the company through Secondary Market.
After the completion of this shareholding increase, Ms. Shen Jue holds a total of 40 million shares of the company, accounting for 7.14% of the company's total share capital, and has become an important shareholder of the company."
"At the same time, Ms. Shen Jue has reached an agreement with the relevant pledge parties and will redeem all the pledged shares held by her in advance.
It is expected that the relevant procedures will be completed within five trading days. After the redemption is completed, all the shares held by Ms. Shen Jue will be in an unpledged state."
"Our company is operating normally. Thank you Guang Major Shareholder for your support and trust."
Chen Xi said excitedly next to him:
"Zhao Zong, have you calculated how many chips we have now?"
She clasped her fingers:
"You hold 360 million shares, Wantang and Zhiyi add up to 56 million shares, Shen Jue 40 million shares, our five senior executives hold 15 million shares, and treasury shares hold 10 million shares - this is 481 million shares, accounting for nearly 86% of the total share capital."
She paused:
"Lu Shen still holds a position of 60 million shares of Short Position, accounting for 10.7% of the total share capital. There are at least 4% long positions scattered in the market. In other words--"
Her eyes sparkled:
"It's almost impossible for him to close his position."
Zhao Chen nodded:
"Yes."
Chen Xi asked:
"Then what should he do?"
Zhao Chen looked out the window:
"He only has one way to go now."
Chen Xi Waiting.
Zhao Chen said:
"While Shen Jue and I have not completely released the pledge, while there are still enough bonds in the market, quickly close the position."
He paused:
"Once all our pledges are released, there will be no source of securities in the market.
The Short Position in his hand has become a tree without roots."
Chen Xi was stunned for a moment:
"Then will he do it?"
Zhao Chen laughed:
"Of course he does. The thing is-"
He turned around:
"Will the bulls give him this chance?"
Yes, will the bulls give Lu Shen a chance? Secondary Market will give the best answer.