C56 You Are Accused
C56 You Are Accused
"Which floor are you going to?" the man asked politely as the elevator door closed.
"First floor, thank you." Zhao Hongyang said.
"You're welcome." The man helped him press the button for the first floor, "There are many elevator buttons here. It's very easy for people to not find the button for the floor when they're here for the first time."
Soon the elevator stopped on the forty-second floor, and the man said goodbye before he went out.
Only when the elevator door closed did Zhao Hongyang regain his senses.
How did he know this was my first time here?
The 42nd floor was the investment strategy center of the Ye Family's Guangcheng branch, it was the more important department of this branch. After the man got out of the elevator, he walked along the corridor towards the office.
Along the way, everyone greeted him.
"Director Duan."
"Director Duan, good morning."
Besides being the gold dragon company's CEO, Duan Pengfei also had a position at the Grand City Division — Investment Strategy Center's Vice Manager.
The reason why he had this position was because he wanted to be Ye Feng's "controlling agent".
Generally speaking, the owner of a business might not necessarily be a "personal", and a company was fine too, but the shares that Ye Feng entrusted to the Guangcheng branch were not represented by the Guangcheng branch, but instead represented by Duan Pengfei. That was the reason why others thought that he was the boss of the Golden Dragon Group.
Duan Pengfei had come to Grand Dominance City today to hand over authority as the representative. This was Ye Zongsong's order.
The most terrifying thing about this matter was that Ye Zong gave Duan Pengfei an order last night. At that time, Zhao Hongyang still hadn't come to find him.
This meant that the Guangcheng branch had long since wanted to sell out Ye Feng in exchange for some benefits.
After obtaining the agency contract in the office, Duan Pengfei went straight to the 63rd floor and entered the library to the Ye Cong Song.
"Director Ye."
"Director Duan, you're here." Ye Chusong called out to him.
Duan Pengfei walked over, placed the contract on the tea table, and said, "I've finished signing. Just a few more words will do for Director Ye." "Like this, you can dispose of Ye Feng's shares in the Golden Dragon Group."
When Ye Feng first came to Tianhai, the Guangcheng branch believed that as his "watcher", it was better for Duan Pengfei to let him control Ye Feng's shares.
But the situation now was different. Ye Feng had joined the Gold Dragon Company and had displayed a certain level of ambition. In that case, it was better for the branch to get back their authority.
In addition, the SARFT still needed to tamper with Ye Feng's shares. At a time like this, they obviously had to withdraw the authority to represent them.
After signing, Ye Zongsong looked at Duan Pengfei and asked, "Is Director Duan used to staying in the Sky Sea?"
"I've long since gotten used to it." Duan Pengfei said with a smile, "The Gold Dragon Group has grown very quickly after dragging Chairman Ye's luck."
Ye Liangsong shook his head, "Speaking of me, you are too careful. You invested so many companies, and there's only one listed company. This doesn't fit the Ye Family's investment philosophy."
Duan Pengfei bowed in fear and trepidation. "It's my fault for being incompetent, but I feel that the stocks of listed companies are followed by a large number of retail investors, and their performance isn't stable enough. It's better to control the non-listed companies."
"Forget it, Tianhai is your territory. I don't want to get involved." "You've been spying on Ye Feng for so long, tell me about this person's weakness," Ye Liangsong said.
Duan Pengfei thought for a moment before replying, "Ye Feng is ambitious, intelligent, and courageous, but when doing things, he likes to use emotions and even likes to take risks. "If the Ye Clan wants to clean up their family, they can start from these aspects, but he won't be able to."
Ye Zong nodded, as his judgment was basically the same as his. Looks like this Duan Pengfei is rather easy to use.
"Alright, go back and continue monitoring him. If you get any useful information, report back to me at any time."
"Yes, Director Ye."
Duan Peng Fei bowed before slowly retreating.
"… …"
Over the next two days, as per his agreement with Zhao Hongyang, Ye Liangsong began to launch his plan of 'toppling Ye Feng'.
He first took Ye Feng's share and went to the Guangcheng Stock Exchange to pledge his share in exchange for 800 million RMB of leveraged financing.
The next moment, he spent all the money on Long River Electronics.
Changhe Electronics is a medium-sized listed company with a total market value of around 4 billion, of which 1.7 billion shares are in external circulation.
Now, with $800 million in cash rushing in, it's eating up half of the stock market.
Half of the shares!
Even though it was only the external circulation, it was still quite shocking!
Thus, in a short period of time, the shares of Long River Electronics had been sold for an extremely high price. On the market, it had been closed continuously for several days!
The people were going crazy.
These few days, in the security hall, as long as the retail investors who knew each other met, they would say the same thing: "Changhe Electronics, how much did you buy today?"
The money made from Ye Feng's shares became the "dealer" of Long River Electronics on the market. When the dealer ate it, the stock would appreciate and the retail investors would follow him in.
At the same time, the more retail investors came in, the more value of Long River Electronics' shares would increase, forming a cycle.
This situation continued for seven days.
After a week, the market value of Long River Electronics increased from 4 billion to 17 billion, an entire four times!
All the people who bought the stock celebrated and wanted to dance. The securities hall was filled with cheers from morning till night.
Investment of 100 thousand, earning back 400 thousand, investing of 1 million, earning back 4 million. This kind of returns was unprecedented in the recent years of the stock market!
However, when the people were in high spirits, what they didn't know was that what awaited them next would be a nightmare.
When the market opened on Monday, the dealer announced that he was selling off the shares of Long River Electronics.
This process is not a one-time event, but a little bit of out of the water, the effect is similar to warm water boiled frogs.
When Friday came, the citizens came back to their senses and realized that the house had already been secretly evacuated …
What followed was a tsunami like collapse!
The first day ended!
The second day, the fall stopped!
On the third day, the fall came to a halt!
Fourth day …
In just a few days, Long River Electronics' total market value dropped back to 4 billion. Furthermore, it was still continuing to fall …
Some of the people had gone crazy.
Some people jumped off their houses.
These people, who dreamed of becoming rich overnight, who had staked their entire fortune on Long River Electronics, had lost everything. They wanted to cry, but they had no tears to shed.
"… …"
While the Grand City Stock Market was in a huge turmoil, Ye Feng was accompanying Chen Yurou on a stroll in the Jade Sky International Market.
Two days ago, Wu decided to sell the mall to him and sign the contract, change his name, transfer his account, and bring in some money.
Right now, Ye Feng and Chen Yurou were strolling around their own shopping mall, discussing the new decoration plan from time to time.
Just as Ye Feng was excitedly talking about how to turn this place into a luxury monopoly, the phone suddenly rang.
After picking it up, the person on the other side said, "Is that Mr. Ye? This is the Economic Crime Investigation Division of the Guangzhou Public Security Bureau. You have been accused of illegally manipulating the stock price. "