The King's Enchanting-Chapter 1533 - 1545: Unity (Part 1)
Behind Situ Xuan, there is the influence of Thomas’s mafia, as well as participation from Wall Street’s financial sharks. They have long awaited this moment. The previous encounters were mere brewing, but now, it’s a real confrontation!
After Yu Jingxi came out of the police station, even he did not expect that the enemies of Huanyu Group did not focus on his domestic company, but spared no effort to suppress his overseas shares. In an instant, Huanyu Group’s share value plummeted, and shareholders suffered heavy losses!
The bankers had long been waiting for this moment, fiercely pressing down the stock price. Moreover, it was an overseas market, where Yu Jingxi found himself with his hands tied. Even if he mobilized funds to be sent abroad, it was not an easy task. On the first day, he could only watch helplessly as the stock price fell! By the close of the market, it had even plummeted by forty-one percent, triggering countless shareholders to rush to sell!
Especially since, to prevent him from pooling funds to cope with the situation, Situ Xuan had the previous water company’s case, which almost cost Yu Jingxi several billion more in capital. Fearing that he would apply for national protection, they preemptively disclosed his illegal business conduct to shut him up!
This time, even if Huanyu Group manages to pull through, they will have a big chunk ripped out of them!
Yu Jingxi had already prepared sufficient capital. Early the next morning, he immediately gathered substantial funds and directly transferred them abroad! By noon on the second day, the stock price had seen a slight recovery. He also notified numerous media outlets to report on his being investigated, repeatedly emphasizing that there were no problems with Huanyu Group’s operations, thereby stabilizing the domestic market. Then, they would gradually manage overseas matters!
And at this time, Situ Xuan publicly released some rather obvious non-compliance materials concerning Huanyu Group over the years!
This stirred up a hornet’s nest!
Previously, Yu Jingxi had only conducted internal investigations, claiming it was hidden operations. However, since his accounting was meticulous, there were no significant issues visible from the accounts, at most just a bit of investigation and evidence collection. Now, with these somewhat non-compliant materials disclosed, even if they are not major errors, when combined, they are enough to give Yu Jingxi a headache!
At the same time, he immediately operated through the media to heavily publicize in both Huaxia domestically and abroad. The U.S. market was not even familiar with what kind of company Huanyu Group was, and upon hearing such reports, even the shareholders began to lose confidence.
By the close of the second day, the stock price continued to slide, even more sluggish than at the close of the first day!
This time, the situation has escalated quite a bit. No matter what, the New York Stock Exchange is the most watched securities market globally. The sharp declines at the New York Stock Exchange quickly affected Hong Kong and domestic Huaxia markets. By the third day, domestic stock prices began to experience slight declines, gradually gathering into a fierce trend, suddenly shaking the entire operation of Huanyu Group!
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At the close of the third day, Situ Xuan was sitting in a café very close to the securities trading tax, in front of him was a computer displaying the stock curve graphs for Huanyu Group in New York, Hong Kong, and Huaxia Country. Seeing those falling lines, he leisurely crossed his legs and took a sip of coffee.
