I have a debt of 3 trillion, and my creditors are begging me not to die.

Chapter 141 Sanxing is doing something bad and giving Yang Chen a reward

The chaebols such as Sanxing joined the battlefield to fight against Yang Chen, which triggered heated discussions among Dragon Country netizens.

"There is basically no doubt that Sanxing will be eliminated. With their financial resources, it will not be a problem for them to buy out the Le Tian Group. They will buy as much as the institutions and retail investors sell, so the stock price will not fall."

"Boss Yang is really going to fail in South Korea this time. The main reason is that the Korean chaebols are too united and it is really difficult to deal with them!"

“Yang Chen is so arrogant, does he really think he is a god? He went around shorting other people’s stocks, and now he’s suffering. There are people who pamper you at home, but no one pampers you abroad. It’s not easy to make some money, but now he’s going to lose it all to the South Korean Empire.”

"The Internet has allowed us to see the diversity of species. Are you showing off your abilities by making sarcastic remarks to Boss Yang at this time? This is just the beginning, and the outcome is still undecided. What makes you think that Boss Yang will lose? Some people have been kneeling for so long that when they encounter something like this, they kneel down and lick your foreign fathers, right? I am sure that Boss Yang will win!"

"Although I don't know how Boss Yang can defeat Sanxing, I still support him unconditionally. It's okay for us to quarrel among ourselves, but when facing foreigners, we must be united and firmly support our own people! Come on, Boss Yang, defeat Sanxing!"

……

Zhang Shi, chairman of Gaoling Capital, posted a Weibo post analyzing the battle situation.

"Boss Yang has conquered Shuyin Group, which is a very impressive achievement. The most important thing is that he should have known in advance that President Bald Eagle would ask Shuyin Group to invest 2000 billion Eagle Coins and ask Le Tian Group to transfer land to deploy weapons. He knew in advance that the coalition forces were confidential, which shows that Boss Yang's intelligence network is very, very powerful. At least up to this point, Boss Yang's operation is perfect, and it can definitely be used as a classic short-selling case study. However, the bad thing is that Sanxing and other chaebols unconditionally support Le Tian Group, and Boss Yang really can't succeed in shorting. Not to mention other chaebols, Sanxing alone is enough to protect Le Tian Group's stock price. In my opinion, Boss Yang has already made a lot of money by shorting Shuyin Group and Le Tian Group, so it is better to end the shorting immediately and pocket the money. Don't go on with Sanxing and other chaebols, it's too unwise. This is just my personal suggestion, let's wait for Boss Yang's next move."

In addition to Zhang Shi, Xue Jian, CEO of Changshan Capital, and other capital CEOs in Longguo posted on Weibo and WeChat Moments to comment and predict the trend of this confrontation.

To sum up, everyone suggested that Yang Chen should stop while he was ahead, put the money he had already earned into his pocket, and not confront the chaebols like Sanxing head-on.

At this time, Yang Chen was having dinner with the presidents of the five major banks, Pacquiao, Barkley and others.

Pacquiao asked: "Mr. Yang, the market is not optimistic about us now, should we continue to play?"

Barkley followed up by saying, "We made a lot of money by shorting Shuyin Group and Letian Group. How about we close our positions and make a profit first, and then find an opportunity to deal with Sanxing and other companies?"

Yang Chen smiled and said: “If you are afraid, you can leave at any time. I will not stop now. What’s wrong with Sanxing? I will kill them all! Close the Shuyin Group’s position tonight, and go all out to short Sanxing Group. If you want to follow, then follow. If you don’t want to follow, I won’t force you.”

Pacquiao and Barkley looked at each other, and both saw worry in each other's eyes.

Zhao Kun, president of ICBC, said with a smile: "We are not afraid, so what are you two afraid of?"

Wang Wanli, the president of Longguo Bank, followed up by saying, "That's right! We have to take responsibility for the losses, and we might even go to jail. The losses you make are nothing more than a few days of stock price declines. We are not afraid, so what do you have to be afraid of?"

Pacquiao smiled and said, "What the presidents said is true! Since Mr. Yang wants to continue playing, we should join in."

Barkley also quickly said: "Yes! Mr. Yang has confidence, so we have confidence."

Yang Chen smiled and said, “Eat, eat, after eating, we still have to work.”

After dinner, several people rushed back to the trading room of Sihai Investment Department.

At this time, the Bald Eagle stock market had not yet opened, so everyone was busy dealing with their own affairs and would come back after it opened.

Yang Chen returned to the office to enjoy 6 beautiful massage services.

Not long after, Jiang Hao, chairman of Geer Holdings, called Yang Chen.

After a few simple greetings, Jiang Hao asked Yang Chen to repay the 35.5 billion debt.

Geer shares is a contract manufacturing factory, and also develops some precision components. Its main source of revenue is to manufacture mobile phones, headphones and other products for brands such as Sanxing and Aipao.

When Wang Sihai saw that Gree Air Conditioning was making mobile phones, he followed suit. Whether he could succeed or not was another matter. As long as he opened a subsidiary and business, he could make money from the group in a legitimate way.

A total of 50 billion yuan was invested in the mobile phone business, of which R&D and manufacturing businesses were basically undertaken by Geer Holdings. Sihai Group did not build its own mobile phone production line.

A total of 1000 Sihai mobile phones were launched on the market, but only more than 100 were actually sold, and the rest were given to the group's senior management and outstanding employees as year-end bonuses.

Although not many mobile phones were produced, a lot of money was spent. In any case, under the excellent financial management, the more than 50 billion yuan invested was spent reasonably.

Before Geer Shares could collect the money, Sihai Group encountered a financial crisis. After repeated delays, Wang Sihai ran away with the money.

Sihai Electronics, a subsidiary of Sihai Group, now has no employees and is just an empty shell. If Yang Chen hadn't insisted on keeping it, this subsidiary should have been cancelled.

The reason why Jiang Hao called Yang Chen late at night to ask for money was because he was threatened by the Sanxing Group.

Zheng Jinrong, president of Sanxing Electronics, asked Jiang Hao to collect the debt from Sihai Group immediately. If there was no result within three days, Sanxing's mobile phone and other businesses would no longer place orders with Geer Holdings and would gradually reduce cooperation until it was completely terminated.

If a contract manufacturing factory loses its processing orders, it is tantamount to sentencing the company to death.

Zheng Jinrong even threatened Jiang Hao that if he failed to do as he said, he would contact Kurk, the president of Aipao, and ask Aipao to stop placing orders with Geer Shares.

As the world's first and second best-selling mobile phones are no longer placing orders, Geer shares will face a survival crisis. Unless the domestic best-selling mobile phones can place orders with Geer shares, it can only lay off a large number of employees in order to survive.

This is the tragedy of the OEM factory, whether you live or die depends entirely on the will of others.

Yang Chen explained: "Si Hai Electronics is now an empty shell, without any employees, how can I have the money to pay you back. Originally, they suggested that I cancel Si Hai Electronics and completely refuse to pay you back. I thought that since I can save other businesses, I can definitely save Si Hai Electronics' business. However, I need time, if you ask me for money now, I definitely don't have it."

Jiang Hao said, "I'll tell Director Yang straight. Sanxing has issued a death order to me. I must recover the debt within three days, otherwise they will stop placing orders with us, and will also persuade Zaipao not to place orders with us. Our main source of revenue is the processing orders from these two companies. If we lose these two customers, our company will have to close down. Director Yang, can you do me a favor and allocate funds from Sihai Group to Sihai Electronics to pay off the debt?"

The law stipulates that a parent company does not have to be responsible for the debts of its subsidiary company unless there is evidence that the parent company has misappropriated the subsidiary company's funds. The creditor can sue the parent company to repay the debt on its behalf.

It was rare that Yang Chen could admit the debt that Wang Sihai owed by making up excuses to raise money. How could he possibly allocate funds from the group to Sihai Electronics to repay the debt at this point in time?

Yang Chen said: "Sorry, I can't do this! If I do this, other creditors will ask me to allocate funds from the group to the subsidiary to repay the debt, then how can I save Sihai Group step by step. Besides, the group has no money now, and all the funds are invested in the bottomless pit of Sihai Real Estate. I sympathize with your situation, but you have to understand one fact, the debt is not owed by me, and it is rare that I can still recognize this debt. As for how to repay it, you must follow my plan. If you push me too far, I will cancel Sihai Electronics. Anyway, it doesn't have any assets, and you can't get any money even if you apply for court enforcement."

Jiang Hao said impatiently: "What should we do? You can't ignore our lives! What about the survival of our 8 employees? Do you have the heart to let them be laid off?"

Yang Chen laughed, and said: "Boss Jiang, please don't blackmail me morally. If you keep talking, I will apply to cancel Sihai Electronics tomorrow. I emphasize again that the debt is not owed by me. I could have refused to pay it off according to the law, but I didn't. This is my greatest sincerity. I will definitely pay back this debt, but not now. Is that clear enough?"

Jiang Hao sighed, and Yang Chen hung up the phone.

Sometimes I feel that the law is unreasonable, but this is the fact. If Yang Chen was a little more ruthless, he wouldn't be able to get a penny of the 35 billion debt of Geer Holdings.

Sihai Electronics Co., Ltd. has a registered capital of 500 million, and its office is rented. It does not have its own factory or production line, sales channels, or scientific research results. Now it does not even have a single employee. If Yang Chen is a little bit unscrupulous, he can legally default on the 35 billion.

Jiang Hao didn't dare to force Yang Chen into a corner, but Sanxing was waiting for his reply, which really stumped him.

As soon as Yang Chen hung up the phone, the system sent a reminder.

"The host refuses to repay the debt to Geer Shares. The system rewards the host with full intellectual property rights for memory bar technology. It will take effect immediately."

Various technical data and drawings immediately appeared in Yang Chen's mind. At the same time, a USB flash drive containing specific technologies and processes appeared in his drawer.

Yang Chen showed a smile on his face. Chen Xi handed him a bite of cantaloupe and asked with a smile, “What good thing did you think of? You look so happy.”

Yang Chen smiled and said, “Nothing, I just suddenly felt like laughing. You guys go out, I want to take a nap for a while.”

Chen Xi and others nodded and hurried out.

Yang Chen searched his pockets but couldn't find the USB drive, so he quickly opened the drawer and found the new USB drive that the system rewarded. He quickly plugged it into the computer and opened it to take a look.

"Yes, yes... The first purely domestically produced memory stick is about to come out. Haha..." Yang Chen said with a smile.

It’s a pity that Sihai Electronics is a shell company and the technology cannot be transferred to production immediately.

It is time for Sihai Electronics to regroup.

Yang Chen called Lu Mei in.

“I am planning to reorganize Sihai Electronics, and I want to choose one of you to be the president. You don’t need to worry about the technology, and we can hire professional managers to handle the daily management and operation. The president’s task is to help me keep an eye on them and make sure they don’t mess around. If anything happens, report to me immediately. This person must be my confidant, and only a few of you can be qualified. Raise your hands if you have any ideas, so I can see.” Yang Chen said.

Chen Xi didn't want to be the president, she just wanted to be Yang Chen's secretary.

The other five girls thought about it and raised their hands. They all had master's degrees and must have higher career aspirations.

Yang Chen smiled and nodded, and said: “Xiao Xi, prepare 5 pieces of paper for them to draw lots. Whoever draws Sihai Electronics will become the president.”

Chen Xi nodded and quickly prepared five paper balls, one of which had "President of Sihai Electronics" written on it, and the other four were blank.

The five beauties grabbed one each and opened them one by one.

"I won! Hehehe..." Chen Lan said happily.

Yang Chen smiled and nodded, and said: "Okay! Then Chen Lan will be the president of Sihai Electronics. Your current task is to set up Sihai Electronics for me as soon as possible. In addition to recruiting necessary administrative personnel, the most important thing is to recruit R&D personnel. Later, I will personally inject capital into Sihai Electronics, and you can use the money I injected to go ahead and do it."

Chen Lan nodded happily and replied, "I understand! Thank you, Director Yang, for your cultivation. I will definitely not let you down."

The other five beauties expressed their congratulations to Chen Lan.

The time was almost up, Yang Chen got up and went to the Investment Department.

Yang Chen had just sat down and chatted with Pacquiao for a few words when Goldman Sachs President Winterkorn called Yang Chen.

"Mr. Yang, can I discuss something with you? Don't short Sanxing Group. Okay?" Wenden said straight to the point.

Yang Chen smiled and replied: “What you said is outrageous. Sanxing has taken the initiative to jump out and oppose me. Do you still want me not to short it? If I don’t short Sanxing, how can I make money to pay off my debts?”

Wen Deen quickly said, "We are communicating with Li Zailong. We are doing our best to keep him from getting involved in the fight between you and Le Tian Group. Please don't short Sanxing Group, okay?"

Goldman Sachs, JPMorgan Chase and many other Bald Eagle family companies hold shares in Samko Electronics and other listed companies under the Samko Group, which add up to more than 50%, so everyone says that the chaebols of the South Korean Empire are controlled by the Bald Eagle family.

This is not actually the case.

These companies only have the right to dividends but not the right to make decisions, and the control of these companies is still in the hands of Lee Jae-ryong's family.

It is basically unlikely that Goldman Sachs and other institutions will succeed in persuading Li Jae-long not to get involved in the struggle between Yang Chen and Le Tian Group, because Li Jae-long does not need to give them face at all.

Of course.

It would be another matter if these Wall Street giants asked the president of the Bald Eagle family to order Lee Jae-yong to surrender.

After all, the South Korean Empire was built on the military base of the Bald Eagle family, and Li Jae-yong did not dare to easily break off relations with the Bald Eagle family.

But none of this matters. Regardless of whether Goldman Sachs and other institutions can persuade Li Jae-yong to withdraw, Yang Chen must short Sanxing Group.

Originally, Yang Chen needed a reasonable opportunity to short sell foreign companies to make money and pay off his debts. The chaebols such as Sanxing took the initiative to jump out and ask for trouble, and Yang Chen would definitely not let them go.

Yang Chen smiled and said: "Talk to him first, and then we'll talk."

Wen Deen quickly replied: "Okay! Then let's continue talking to Li Zailong and try to persuade him to withdraw from the fight."

Yang Chen smiled, then hung up the phone.

Pacquiao quickly asked, "What did Winterkorn tell you?"

Yang Chen smiled and replied: "He said that they persuaded Li Zailong not to stand up for the Le Tian Group, and asked me not to short the listed companies under the Sanxing Group."

Buckley said maliciously, "They said no, but we must. It would be best if the Sanxing stocks they hold suffered huge losses. Their annual reports will definitely look bad. If their annual reports look bad and ours look good, our customers will turn to us."

"Haha..." Everyone laughed.

Competition among peers is so cruel that even companies within a country have to fight to the death.

Yang Chen smiled and said: "Let's do it step by step! Let's close our positions in Shuyin Group stocks tonight."

Everyone nodded and waited together for the Bald Eagle Stock Market to open.

Soon, the Bald Eagle Stock Market opened.

Shuyin Group's stock price fell 3 points at the opening and is currently priced at 14.56 Eagle Coins.

At this time, Sun Changyi called Yang Chen.

"Mr. Yang, the market has opened. Can you stop short selling today?" Sun Changyi asked humbly.

Yang Chen smiled and replied: "Don't worry, we will find a good time to make a move. Not only will we stop short selling, we will also buy and push up the price."

Sun Changyi immediately said happily: "Thank you, Mr. Yang."

Yang Chen hummed and hung up the phone.

Yang Chen stared at the market for a while, then said loudly: "Attention all traders, when the share price of Shuyin Group reaches 10.05 Eagle Coins, buy and close your positions. Be quick, and don't give retail investors and institutions with sell orders a chance to withdraw their orders."

Pacquiao, Barkley, and the presidents of the five major banks quickly instructed their traders to strictly follow Yang Chen's orders. Whoever made a mistake would be fired.

Pacquiao whispered to Barkley, "Mr. Yang can even calculate what the stock price will be. Is it really that magical?"

Barkley shook his head and whispered back, "I don't know. Let's see."

As time went by, although the stock price of Shuyin Group fluctuated, the trend was still downward.

At 23:30, Shuyin's stock price reached the 10.5 Eagle Coins mentioned by Yang Chen, and all traders immediately bought in according to his request.

“Agricultural Bank bought 1.2 million shares at an average price of 10.65 Eagle Coins, closing short positions of 8000 million shares, leaving 4000 million shares.”

“Longguo Bank bought 1.5 million shares at an average price of 10.82 Eagle Coins, and closed its short position of 1.2 million shares, leaving 3000 million shares.”

“BlackRock bought 20 shares and closed its short position of 20 shares, leaving nothing.”

"Vanguard bought 20 shares and closed its short position of 20 shares, leaving nothing."

……

After all the companies finished reporting, Yang Chen nodded and said, "Well done! Now you can buy into Shuyin Group like crazy. The target price is 30 Eagle Coins. When the price reaches this level, immediately clear out the position and leave."

The traders of the five major banks executed Yang Chen's orders immediately without any hesitation.

Pacquiao quickly asked, "Mr. Yang, do you want to raise the price and make more money?"

Buckley then asked: "How can you be sure that the share price of Shuyin Group will rise back to above 30 Eagle Coins?"

Yang Chen smiled and replied: "You guys are asking too many questions. Just follow my ideas honestly, there's no need to ask so many questions."

Pacquiao and Barkley looked at each other and quickly ordered their traders to buy Shuyin Group shares. They also set a restriction that they could only buy below 20 Eagle Coins and could not buy more than 20 Eagle Coins.

Yang Chen stood up and said, “Let’s stop here today. You can go back tomorrow, and when I’m ready, I’ll invite you to short Sanxing together.”

Pacquiao and others quickly stood up and said goodbye to Yang Chen.

Yang Chen called Chang Sheng, the president of Sihai Healthcare.

"Ah Sheng, our male secondary development pills are now available on the market." Yang Chen said.

Chang Sheng quickly said, "Okay! When midnight comes, I will post a warm-up announcement."

(End of this chapter)