Chapter 70 Corporate Crisis
"What happened?"
Seeing Yu Xiangdong's hurry, Hu Yuanyuan's heart skipped a beat.
"Mr. Hu, someone is suppressing the stocks we hold. It's so fierce that we can't stand it any longer." Yu Xiangdong replied quickly.
Hu Yuanyuan's expression changed. She was just thinking about who wanted to deal with the company, but she didn't expect that the other party would take action again.
"Which stock is the other party suppressing?" Hu Yuanyuan asked in a deep voice.
"It's Yongdu Technology." Yu Xiangdong replied.
"Yongdu Technology?"
Hu Yuanyuan's expression changed again. The company only held four or five stocks, and Yongdu Technology's stocks accounted for a large proportion. Yongdu Technology is a high-tech stock with considerable profits every year. Since Hu Yuanyuan took control of the company,
The investment department has successively purchased Yongdu Technology. Now the company has 50 million shares of Yongdu Technology, which is 10% of the entire Yongdu Technology circulating shares.
It can be said that half of the company's annual profits come from Yongdu Technology. If something goes wrong with Yongdu Technology, the impact on the company will be fatal.
Although smart chips have been put into production now, it will take at least one month from production to launch. This month requires a lot of capital investment, which needs to be earned from the financial market. The company's funds are already tight. If it continues
If there is a problem in the financial market, the company's capital chain may be broken.
Thinking of this, Hu Yuanyuan turned on her computer and called up the trend chart of Yongdu Technology.
Seeing the trend chart on the monitor, Hu Yuanyuan frowned even deeper.
The closing price of Yongdu Technology yesterday was 23 yuan. Today it jumped short and opened higher, opening at 23.8 yuan. However, it was suppressed by large orders in less than a minute, from 23.8 to 22.5, and there was a downward trend.
Hu Yuanyuan started playing stocks in college. She was known as the beautiful stock god in college. She has a strong sense of the stock market. It can be seen at a glance that Yongdu Technology is weak in resisting the market crash at this time. If there is no funds to take over the market, it will break 22
If the price is RMB 10,000, it will attract many retail investors to follow suit, and the company's losses will be huge.
"How much money does the company have now?" Hu Yuanyuan asked in a deep voice.
"There are still 50 million." Yu Xiangdong replied.
"Is there any movement in the company's other stocks?" Hu Yuanyuan asked. Fifty million funds in the securities market were just a drop in the bucket. This time, it was obvious that the other party was aggressive and well prepared.
"There is no movement at the moment." Yu Xiangdong replied.
"There is still half an hour before the noon closing. Can 50 million funds be able to withstand it?" Hu Yuanyuan asked.
"It's difficult, but it's not hopeless." Yu Xiangdong thought for a while and replied.
"Okay, you notify the investment department immediately and raise the stock price immediately." Hu Yuanyuan ordered.
"yes."
After Yu Xiangdong left, Hu Yuanyuan immediately called Xu Qing, who was working at the Technical Supervision Bureau, to go to the bank immediately and apply for a loan.
After hanging up the phone, Hu Yuanyuan called for the HR manager Huangfu Wei.
"Huangfu Wei, you go to the securities company immediately and apply for financing from the securities company." Hu Yuanyuan ordered.
"OK."
After arranging all this, Hu Yuanyuan stared closely at the trend chart of Yongdu Technology.
At this time, Yongdu Technology rose from 22.5 to 22.8 under the protection of Yu Xiangdong. However, every time it pulled a point, the other party would place a big order. If this continued, let alone persisting until the morning's closing, it would not be able to persist even for ten minutes.
Thinking of this, Hu Yuanyuan immediately rushed to the investment department. At this time, except for one trader who was staring at other stocks, the other traders in the investment department, led by Yu Xiangdong, tried their best to protect Yongdu Technology.
Hu Yuanyuan glanced at the trend chart on the screen and said, "Yu Xiangdong, now I order to sell one million shares of Yongdu Technology immediately."
"Ah, Mr. Hu, this..." Yu Xiangdong was confused. The order he received just now was to protect the market, so why should he destroy it now?
"This is an order, execute it immediately." Hu Yuanyuan said coldly.
"yes."
On the trend chart, one million shares of Yongdu Technology were smashed, and the stock price immediately dropped from 22.8 to 22.1. Immediately afterwards, a large number of retail investors followed suit and the stock price fell below 22, heading towards 21.9.
Hu Yuanyuan asked: "How much cash do you still have in hand now?"
"There are still 38 million." Yu Xiangdong replied.
"Buy Yongdu Technology immediately and invest all your funds." Hu Yuanyuan said without hesitation.
"yes."
Thirty-eight million funds entered the market to buy goods, and Yongdu Technology's stock price rose from 21.9 to 22.3...
Many retail investors saw the sudden pull and bought in, causing the stock price of Yongdu Technology to rise sharply.
Hu Yuanyuan looked at the time and saw that there were still five minutes left before the market closed. A look of determination appeared in her eyes, "Immediately hit the market and buy five million shares of Yongdu Technology."
"Ah, Mr. Hu, if you drop five million shares of Yongdu Technology, it will hit the limit." Yu Xiangdong's face changed drastically.
"I just want to hit the lower limit and execute it immediately." Hu Yuanyuan said firmly.
"Yes." Yu Xiangdong took a deep breath. He didn't expect that he would lose more than 100 million on his first day in charge of the investment department. You can imagine the depression in his heart. But Hu Yuanyuan's order had to be carried out.
Sure enough, as he expected, there weren't many takeovers. Five million shares fell, and Yongdu Technology instantly fell to the limit.
"If you place a single order of 10 million at the lower limit, seal the lower limit." Hu Yuanyuan said.
"yes."
Hu Yuanyuan stared closely at the trend chart. Under the operation of the trader, more than 10 million shares of Yongdu Technology were sealed at the lower limit. Although many retail investors followed suit and set the lower limit, except for their 10 million shares, there were few large orders at the lower limit.
Poor, not only that, the sales orders above are getting fewer and fewer.
Hu Yuanyuan looked at her watch. When the time reached 11:29, she said: "Immediately cancel the 10 million share limit-lowering orders. At the same time, mobilize all funds, scan the stocks with all your strength, and bring the price up for me."
"Yes." Yu Xiangdong was shocked. He understood what Hu Yuanyuan meant and did not dare to hesitate. He personally led the trader to start the operation.
The five million shares sold just now provided the company with more than RMB 100 million in funds. At this time, the sell orders above were very few. As soon as the 10 million shares that hit the limit were withdrawn, with the investment of more than RMB 100 million in funds, Yongdu Technology's stock price
Rising like a rocket.
20.7…21…21.5…22…23.5…
By the close of trading at noon, Yongdu Technology's stock price had reached 24 yuan, an increase of 4.6% from yesterday.
Hu Yuanyuan breathed a sigh of relief. They had won for the time being, but Hu Yuanyuan knew that this was just the beginning, and the afternoon was the most critical.
"How much funds are left?" Hu Yuanyuan asked.
"There are only 20 million left." Yu Xiangdong looked at Hu Yuanyuan with admiration. Hu Yuanyuan's move of retreating in order to advance was undoubtedly successful. Yongdu Technology's defense battle was smooth for the time being.
Back in the office, Hu Yuanyuan felt exhausted while sitting on the office chair. It was so thrilling just now. If he hadn't made a time lag so that the other party didn't react, Yongdu Technology wouldn't have been able to save it in the morning.
There are only 20 million funds left in the account. If Xu Qing and Huangfuwei cannot get funds from banks and securities companies, the afternoon may be unlucky.
"Mr. Hu." Xu Qing and Huangfu Wei came to her office.
Seeing the expressions on the two people's faces, Hu Yuanyuan's heart skipped a beat.
"Mr. Hu, the bank refuses the loan."
"Mr. Hu, the securities company refuses to finance."
Hu Yuanyuan's face darkened, "How come? Didn't the bank and securities company say anything?"
"No." Xu Qing and Huangfuwei looked at each other, and Xu Qing said: "This time I went to the bank, and I didn't even see their main person in charge. They only arranged for a salesperson to receive me."
"It's the same for me. This time I went to the securities company. Not only did I not get financing, but they also told me that we need to increase the margin ratio. Otherwise, if the margin ratio falls below 25 percent, they will forcefully close the position." Huangfuwei said worriedly.
.
As an investment company, Xiangfeng Investment Company itself has a large financing ratio, which is equivalent to the financing ratio of other companies of 1:10. Xiangfeng Investment Company only has a financing ratio of 1:3. In other words, if Xiangfeng Investment Company has 100 million funds
, according to this financing ratio, 300 million yuan in financing can be obtained.
Hu Yuanyuan's investments are conservative and not radical. Even if the financing ratio is one to three, she is very cautious when using it. After all, the financial market is constantly changing and no one knows what will happen. However, as the company's smart chip research and development market requires a lot of funds
investment, Hu Yuanyuan had to raise additional financing.
Currently, the company has more than one billion financial assets, of which one billion is obtained through financing. The financing ratio reaches about 33%. According to the 25% financing ratio provided by the securities company, the securities company will forcefully close the position with only one limit drop.
, this is a fatal blow to the company.
If the company has funds in hand, it can completely protect the market and ensure that the stock price does not fall. But the key now is that the company has no funds.
"You go down first and try to find a way to contact banks and securities companies to see if you can get some funds from them," Hu Yuanyuan said tiredly.
"yes."
After Xu Qing and the others left, Hu Yuanyuan began to think deeply. It was now a critical moment for the company's survival. If the company's stocks were forcibly liquidated, the company's losses would be huge, and the capital chain would even be cut off, triggering a chain reaction.
This is a shortcoming of financial investment companies. Without the support of real industries, the company will face disaster at any time.
The key to solving this trouble is money. As long as there are enough funds, the company can protect the company from losses, but banks and securities companies will not give money, and the company account has no money. She has tens of millions, but it is just a drop in the bucket.
Of course, the company still has many fixed assets, such as the Tianfu Building. If the Tianfu Building is used as a mortgage, it will definitely get a lot of loans. However, it will take a few days to take the mortgage loan. At that time, the company's stock price will be
The position may have been closed long ago.
The company is her hard work, and she must not let it go bankrupt. But to save the company, at least a few hundred million, or even a billion, are needed, but this is probably in the early stages. If the other party is well prepared, even a billion will not be enough.
With such a large amount of funds, not to mention an individual, even an ordinary company cannot afford it.
Who can save the company? She eliminated each person in her mind, and after thinking about it, Hu Yuanyuan realized that no one could help him.
As she thought about it, Hu Yuanyuan couldn't help but think of Li Feng. Li Feng had created too many miracles during this period, and maybe he had a way to solve the company's crisis.
Chapter completed!