I have a debt of 3 trillion, and my creditors are begging me not to die.
Chapter 137: Fighting the Le Tian Group
Chapter 137: Fighting the Le Tian Group
"Hunting down the Korean Le Tian Group!" Yang Chen said.
Pacquiao was delighted when he heard this and quickly said, "Great! As long as it doesn't short our Bald Eagle stock."
Yang Chen smiled and said: "Then it's settled, wait for my news."
Yang Chen called Pioneer Navigation President Barkley again, inviting him to participate in the operation to hunt down the Le Tian Group.
As we all know, Bangzi is a dog of the Bald Eagle family. By bringing along the financial giant of the Bald Eagle family, not only will things be more likely to succeed, but it can also avoid the situation where the funds cannot be recovered after the matter is done.
Yang Chen called the presidents of the five major banks again, inviting them to join in the operation to hunt down the Le Tian Group.
It’s still the same old rules, the five major banks provide the accounts and funds, Yang Chen is responsible for the operations, and the profits are split in half.
Everything was ready and the operation began.
Yang Chen ordered the five major banks, BlackRock and Vanguard to lend out as many shares of Le Tian Group as possible and sell them, and at the same time, to open as many short options as possible.
After completing these operations, Yang Chen began to perform.
Yang Chen called Mr. Ma from Ali Gaba.
“Boss Ma, please do me a favor and close down the flagship store of Le Tian Supermarket in Cat City.” Yang Chen said.
President Ma also heard about Yang Chen and Le Tianlong's national president, so he smiled and said, "I saw the news, but my closing of his flagship store won't have much impact on him."
Yang Chen replied: "Don't worry about this, just block it. If it is convenient, it would be best to issue an announcement to stop cooperating with Le Tian Group."
Mr. Ma didn't dare to refuse Yang Chen.
First, the valuation of the shares of Sihai Sports held by Mr. Ma has doubled. In the future, when Sihai Sports goes public and cashes out, he can make at least 200 billion.
For this reason, Mr. Ma has to help Yang Chen.
Second, Yang Chen is now using courtesy before force, and is now asking Mr. Ma for help. If Mr. Ma is not decent, Yang Chen will help him to be decent.
The tragic experience of Penguin Holdings is still vivid in people’s minds. Big Brother Ma does not want to follow in the footsteps of Little Brother Ma, and he has to be obedient after being taught a lesson.
So, Mr. Ma smiled and said, "No problem! I'll ask someone to do what Mr. Yang said right away. They also have a store in Jingdong, so you'd better say hello there as well."
Yang Chen smiled and said, "OK! Thank you, Mr. Ma, for reminding me. I'm hanging up now."
Yang Chen immediately called Jingdong CEO Liu. With the money Jingdong Pharmacy made from Sihai Shengbei Pills and Slimming Pills, CEO Liu would not refuse Yang Chen's request.
Therefore, Aligaba and Jingdong issued announcements almost at the same time.
"After careful consideration, our company has terminated all cooperation with the South Korean Le Tian Group and immediately removed Le Tian Supermarket's flagship store in Maocheng. Maocheng, Taobao, Ali Gaba Wholesale Mall, and Ali Gaba International Station will all block Le Tian Group-related products and keywords. This announcement takes effect immediately."
"After careful consideration, our company has decided to terminate all cooperation with the South Korean Le Tian Group and immediately remove Le Tian supermarket-related stores and products. Platforms such as Jingdong and Surprise will block Le Tian-related products and keywords. This announcement will take effect immediately!"
The two major e-commerce giants blocked Le Tian at the same time, and it quickly became a hot topic.
"Oh my god, is this Boss Yang exerting his strength? Only he can make Aligaba and Jingdong shield Le Tianba at the same time."
"At this moment, I know what a business tycoon is. Even powerful people like Ali Gaba and Jingdong have to follow Boss Yang's orders."
"Will Pinxixi follow suit? If Pinxixi follows suit, then Le Tian Group will completely bid farewell to Longguo Network."
……
At this time, Pinxixi headquarters.
After seeing the online public opinion, the chairman's secretary immediately reported the situation to the chairman Chen Shi.
Chen Shi did not dare to be careless and quickly called Huang Cheng, the company's behind-the-scenes boss.
"Mr. Huang, Ali Gaba and Jingdong have blocked Le Tian. Should we follow suit?" Chen Shi asked.
Huang Cheng smiled and said, "You are the chairman, just make the decision."
Chen Shi laughed and said, "I want to hear your opinion before making a decision."
Huang Cheng smiled and replied: "Even Penguin couldn't stand his short selling, how can we? Nike, Goldman Sachs, Coca-Cola, Qiangsheng, so many giant companies have given in, can we withstand his pressure?"
Chen Shi immediately replied, "That's right! Fine, I won't bother Mr. Huang anymore, I'm hanging up now."
After hanging up the phone, Chen Shi immediately asked his secretary to issue an announcement to terminate all cooperation with Le Tian, and all Pinxixi apps and websites would block Le Tian’s keywords and products.
"After careful consideration, our company has decided to terminate all business cooperation with Le Tian Group and immediately remove and block all Le Tian products and keywords. This announcement takes effect immediately!"
On the other side, Xiao Ma Ge came to work.
The secretary quickly reported: "Boss Ma, Ali Ga Bar, Jingdong, and Pinxixi have all blocked Le Tian's products and keywords and terminated all business cooperation with Le Tian Group. Should we follow up?"
Xiao Ma Ge looked at the announcements of several companies and then said, "They have all taken action, so of course we have to be consistent. You issue an announcement to terminate the cooperation with Lotte Group, and block Lotte's products and keywords on all Penguin platforms. Oh, I have to call Director Yang. We still have Lotte Group's stocks. Let's see if he wants to short it. I can help him."
The secretary nodded and quickly issued the announcement.
"After careful consideration by the group's senior management, our company has decided to terminate all cooperation with Le Tian Group and block the Le Tian keyword on all platforms within the Penguin ecosystem. The Le Tian Group shares held by our company will also be sold depending on the situation. This announcement takes effect immediately."
The announcements from Pinxixi and Penguin also quickly became hot searches.
"Oh my god, Pinxixi and Penguin have also followed suit, and now only Douyin is left. If Douyin also follows suit, then we can basically announce that Le Tian has completely bid farewell to Longguo."
"Wow, so many giant companies are on Boss Yang's side. Isn't that a bit unreasonable? Isn't this bullying? It was Boss Yang who beat the victim, but not only did he not apologize, he also gathered his followers to deal with the victim. Tsk tsk tsk tsk..."
"I guess the Le Tian Group never expected this result. They just offended someone they shouldn't have offended, and they can't afford the consequences!"
……
Douyin, as mentioned by netizens, did not issue an announcement, but users of the platform found that they could not search for keywords related to Le Tian in the Douyin mall, and there were no related products of Le Tian. Douyin also sent private messages to the anchors who had sold Le Tian products, asking them to choose products carefully.
Obviously, Douyin also stood on Yang Chen's side, but Douyin also had an international version, and the top management didn't want to be too high-profile and cause trouble for the international version, so they just followed up quietly.
At this time, Yang Chen was talking on the phone with Brother Xiao Ma.
“Haha…Boss Ma is really nice! You are worthy of being my partner.” Yang Chen said with a smile.
Brother Ma laughed and said, "Boss Yang said that we are partners, so I will naturally stand on the side of our partners. Our company also holds about 3.4% of the shares of Le Tian Group. Do you want to make some moves?"
Yang Chen smiled and said: "Just sell it directly, the faster the better."
Brother Xiao Ma quickly replied: "Okay! Then I'll ask someone to sell it now."
At this time, the headquarters of the South Korean Le Tian Group.
Chairman Xin Xiangdong looked at the news sent by his secretary and started howling in anger again.
“Ah… Damn Yang Chen, he is going to force them out of the Longguo market! Are these company CEOs crazy? Why should they listen to Yang Chen’s orders?” Xin Xiangdong roared angrily.
After calming down, Xin Xiangdong smiled again.
"Supermarkets and department stores are just one of our group's businesses. Our other businesses also include chemicals, finance, food, and film and television. Those online platforms can't restrict these businesses, right? At worst, we can give up the online market and just run supermarkets! Yang Chen, this is all you can do. Do you have any other abilities?" Xin Xiangdong said proudly.
As soon as he finished speaking, the secretary rushed in anxiously. "President, something bad has happened. Penguin Holdings has started selling our stocks!" said the secretary.
Xin Xiangdong hurriedly opened the company's stock quotation to take a look.
The Le Tian Group is listed simultaneously in the Land of Sakura and South Korea.
The share price listed on the Sakura Country Dongjing Exchange is 1050 Sakura Coins, and the total market value is 2.26 trillion Sakura Coins.
The stock price listed on the South Korean Stock Exchange is 1.5 Korean Won, and the total market value is 30 trillion Korean Won.
Penguin Holdings holds shares of Le Tian Group on the Dongjing Exchange, with an average price of 546.78 Sakura Coins. It made a lot of money by selling them at this price.
The selling by shareholders holding 4.3% of the shares had an immediate effect on the stock price, and the share price of Le Tian Group quickly fell below 1000 Eagle Coins.
Xin Xiangdong angrily called Xiao Ma Ge and asked directly: "Mr. Ma, what do you mean? Why are you selling our stocks at this time?"
Xiao Ma Ge smiled and replied, "We are only investing financially, not managing Le Tian Group. Le Tian Group's stock price is about to collapse, so of course I have to sell it in advance. Am I going to watch the stock price fall below my cost line and turn profit into loss?"
Xin Xiangdong asked again: "How do you know that our company's stock price will fall below your cost line? Our company's operating conditions are very good, and its profitability is very strong. How could the stock price fall? Wall Street wanted to short us but failed. You don't think Yang Chen can short successfully, right?"
Brother Xiao Ma smiled and said, “It seems that you don’t read the news at all! The Wall Street you mentioned has to crawl at Yang Chen’s feet, so what can Le Tian Group be?”
Xin Xiangdong said with a smile: "Of course I have read the news! The companies that Yang Chen shorted all had some negative news. Our Le Tian Group does not have any negative news, and its business is in good condition and has excellent profitability. I don't believe that he can succeed in shorting. Unless he is a god, he can control both institutions and retail investors to sell. But do you think this is possible?"
Xiao Ma Ge smiled and replied: "I was as confident as you at the beginning. People are so mean. They have to be beaten to feel the pain. Hang up, I still have to work."
Xiao Ma Ge hung up the phone directly, and Xin Xiangdong cursed into the phone.
At this moment, Xin Xiangdong still feels that the problem is not big. After all, the main battlefield of supermarkets and department stores is offline. If the online business is gone, it is gone. The online sales volume is only more than 5000 million Eagle Coins a year, which will not have much impact on the group's revenue and profits.
But stock prices don't lie. When the Dongjing Stock Exchange closed that day, the share price of Le Tian Group closed at 889.78 Sakura Coins, a drop of more than 160 Sakura Coins in one day.
Sun Changyi, the helmsman of Sakura Guoshuyin Group, the third largest shareholder of Le Tian Group, called Xin Xiangdong.
“President Xin, what’s going on? Why do you want to provoke Yang Chen? Don’t you know how powerful he is?” Sun Changyi asked.
Xin Xiangdong replied, "I didn't provoke him, he beat my nephew! If I didn't react at all, would I still be able to stay in South Korea in the future? Shuyin Group is an important shareholder of ours, you have to stand on our side at this time. By the way, aren't you the major shareholder of Arigaba? Give them a call and ask them not to target us."
Sun Changyi replied: "We are indeed the major shareholder of Ali Ga Ba, but Ali Ga Ba is AB shares. We have no control and no right to interfere with Ali Ga Ba's business decisions. To be on the safe side, you should quickly reconcile with Yang Chen. Otherwise, we will all suffer heavy losses in the future."
Xin Xiangdong said unconvincedly: "I just don't understand why all of you are afraid of him? Our Le Tian Group has no negative news and its profitability is first-class. I don't believe he can succeed in short selling. The stock price fell today because Penguin was selling. It will be fine after they sell. Believe me, the stock price of Le Tian Group will stabilize and rise tomorrow."
Sun Changyi naturally knew the situation of Le Tian Group. To be honest, theoretically no one could successfully short Le Tian Group's stock. After all, institutions and retail investors have sharp eyes, and no one can manipulate them to short Le Tian Group's stock price.
"Okay, let's see tomorrow. Anyway, my suggestion is to reconcile with Yang Chen and nip the danger in the bud." Sun Changyi said.
Xin Xiangdong smiled and replied: "Don't worry, I have enough wisdom and ability to deal with this little problem."
Sun Changyi didn't say anything else. He sighed and hung up the phone.
On the other side, BlackRock President Pacquiao and Vanguard President Barkley came to Longguo Jiangcheng together.
At the same time, the presidents of the five major banks also came to Jiangcheng.
At 7:30 in the morning, all the bosses arrived at Sihai Group.
Yang Chen didn't come so early, he arrived after eight o'clock.
Yang Chen brought them to the small conference room for a meeting.
"Our goal this time is to push the share price of Le Tian Group down to 300 Sakura Coins and 5000 Bang Coins. Once it reaches these two prices, we will immediately buy and close short positions." Yang Chen said.
Pacquiao said: "As far as I know, among the shareholders of Le Tian Group are Sakura Kuni Shuyin Group, our Bald Eagle's Cleveland Consortium, and Bear Stearns Group. If they take action, it will be difficult for us to short sell successfully."
Barkley said with a smile: "Just because it's not easy for us to short sell successfully doesn't mean it's not easy for Mr. Yang to short sell successfully."
"Ha ha……"
Everyone laughed.
Yang Chen had heard of the Bear Stearns Group, but this was the first time he had heard of the Cleveland Consortium.
Pacquiao gave Yang Chen a brief introduction to the Cleveland Consortium.
This consortium was composed of several wealthy families in Cleveland, including the Mather, Hanna, Eaton and other families.
This consortium made its fortune during the First World War. It initially engaged in mining, rubber, steel, etc. After accumulating funds, it also entered the fields of banking, financial investment, etc.
This consortium controls four of the top ten steel companies in Bald Eagle and is quite powerful.
Yang Chen smiled and nodded, and said: "If you want to engage in industry, then just do it well. Why bother with financial investment? This time, I will teach them a lesson, so that they can understand a truth. If they don't have enough ability, they shouldn't diversify their business. They just need to do their steel business well. Financial investment is not something they should play with."
Zhao Kun smiled and said, "Director Yang, it's hard!"
"Ha ha……"
Everyone laughed again.
Yang Chen smiled, and continued: "What Shuyin Group, Cleveland Consortium, there is no need to worry about them. They are just financial investments, and they don't have the determination to live and die with the Letian Group. When the situation is irreversible, they will take the initiative to leave. What we should worry about are the other chaebols in South Korea. They are likely to help each other. But it's not a big problem. Even if they eat up all the stocks sold by retail investors and institutions, the stock price will still fall."
Yang Chen was not just talking nonsense. At this time, the share price of Le Tian Group in Dongjing Exchange had fallen to 820.56 Sakura Coins, and the share price in Shouer Exchange had fallen to 1.2 Bang Coins.
Pacquiao asked: "Mr. Yang, do we need to do something? Shouldn't we publish some short-selling report or something like that?"
Yang Chen smiled and said: "There is no need to go through so much trouble. It is enough to just issue an announcement to the public to explain that we are joining forces to short the Le Tian Group. When those institutions and retail investors see our names, they will definitely be scared and stampede and sell out."
Barkley was a little skeptical and asked, "The stocks held by institutions and retail investors are all purchased with real money. They can't be scared away by our reputation. Anyway, if I personally hold stocks, I will always hold its stocks if I am optimistic about the company and will not be scared away by the reputation of any company."
Yang Chen smiled and said, "We'll know if we try it."
Sihai Investment, BlackRock Group, Vanguard Group, and the five major banks in China jointly issued an announcement.
"After careful investigation and friendly negotiation, our company decided to join hands with Longguo Bank, Longguo Industrial and Commercial Bank, Longguo Commercial Bank, Longguo Construction Bank, Longguo Agricultural Bank, Bald Eagle BlackRock Group, and Bald Eagle Pioneer Navigation Group to short the shares of Le Tian Group, including its shares listed on Dongjing Exchange and Shouer Exchange. This short selling is purely a legitimate investment behavior and does not involve any other aspects. Please do not associate it with related events."
Once this announcement was released, it quickly topped the hot search lists of major financial platforms.
"Oh my god, Boss Yang is really angry. With the five major banks and two international asset management giants, Le Tian Group must kneel!"
"Why did you have to mess with Boss Yang? The police station just released a video. Park Sang-woo was too arrogant from beginning to end. He even pushed Boss Yang's secretary at Sihai Group. If he doesn't get beaten, who will? The big guys in Longguo don't dare to force Boss Yang to supply goods at a low price. He is nothing. How dare he threaten Boss Yang?"
"The Koreans are so funny. They didn't even check whether Boss Yang was someone they could scam. Now, not only will they get beaten up, but the company's stock price will also collapse."
"Just wait and see. Let's bet on spicy noodles. How long can Le Tian Group last before it has to apologize to Boss Yang and admit defeat? I guess it will take at most a week."
……
The joint announcement of Sihai Investment + 5 major banks + BlackRock + Vanguard was quickly spread to the Land of Sakura, South Korea, and the Land of Bald Eagles...
(End of this chapter)
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