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

Chapter 148 Sanxing chooses to resist to the end
"Hello, Mr. Yang, hello, I am Li Jae-long, the chairman of Samxing. There may be some misunderstanding between us, and I would like to communicate with you." Li Jae-long said humbly.

Yang Chen smiled and said, "Really? Is there a misunderstanding between us? What misunderstanding? Tell me."

Li Zailong replied, "It's like this. Before, that bastard Xin Xiangdong, the chairman of Le Tian Group, lied to me and said that you scolded me, so I said in anger that I would support him to fight against you. I just confronted him face to face, and he admitted that he lied to me and you didn't scold me at all. So, you see, this is a misunderstanding. Since it is a misunderstanding, let's clarify it quickly. I will issue a notice that I will no longer support Le Tian Group, and Mr. Yang should not short Sanxing Electronics. Do you think it's okay?"

He is quite good at talking nonsense.

Yang Chen was not the kind of aggressive person. As long as the other party admitted defeat, he would be willing to let them go.

"Oh, so there is such a hidden story! Xin Xiangdong is such a wicked person. Because of this incident, your market value has dropped by more than half. If I stop short selling now, President Li won't hate me, right?" Yang Chen said with a smile.

Li Zailong immediately said: "Absolutely not! Mr. Yang has no responsibility in this matter. How can I hate Mr. Yang?"

“Haha… President Li has said so much, so I can’t continue shorting. Fine, I’ll send you an announcement, and you send it out in the name of Sanxing Group intact, and I’ll stop shorting.” Yang Chen laughed.

Li Zailong said quickly: "Hey, okay, okay, thank you Mr. Yang, thank you Mr. Yang. Please hurry up, Mr. Yang, our stock price has fallen too much and can't fall any further."

"Yeah. Hang up." Yang Chen said with a smile.

It is such a shame and humiliation for the chairman of South Korea's largest chaebol to beg for mercy in such a humbly manner.

Lee Jae-yong picked up everything he could get his hands on and smashed it, including his computer monitor.

On the other side, SK Group Chairman Cui Taicheng also called Yang Chen.

"Haha... Hello, Mr. Yang. Hello. I am Choi Tae-sung, chairman of SK Group. It is an honor to speak to you. Is my Eagle language okay? I have no accent. Can you understand me?" Choi Tae-sung said politely.

Yang Chen smiled and said, "I learn Eagle Language every day, so I have no problem communicating. What's the matter with President Cui calling me? You're not going to tell me like President Li that you were deceived by Xin Xiangdong and misunderstood me, right?"

Cui Taicheng immediately said, "Oh, Mr. Yang is so right. Xin Xiangdong is such a bad bastard. In order to convince us to help him, he lied to us and said that you scolded us. That's why we issued a statement to support him. Now that I know the truth, I will call Mr. Yang to clear up the misunderstanding."

“Hahaha…it’s just a misunderstanding, just explain it clearly. I will send a notice to Chairman Cui, if you send it out in the name of SK Group intact, I will stop short selling.” Yang Chen said with a smile.

Cui Taicheng quickly replied: "Okay, okay. I'll wait for Mr. Yang's announcement. Thank you, Mr. Yang."

The reason why other companies lost to Yang Chen was because their company’s market value was too high and no one was willing to spend money to protect the stock price.

Samkoon and SK are different. Samkoon Electronics and SK Telecom each have only more than 3 million shares. After the stock price fell by more than half, the chairmen of these two groups had enough money to increase their holdings and push up the stock price.

But the problem is that the Securities Law stipulates that the maximum shareholding ratio of major shareholders and persons acting in concert shall not exceed 90%. Otherwise, the listing conditions will not be met and they must be forced to delist. Lee Jae-yong and Choi Tae-sung have money but cannot use it. Their loss is too shameful.

It is no exaggeration to say that Li Jae-ryong and Cui Taicheng were extremely unwilling to accept the situation. They were only giving in to Yang Chen in order to preserve the company's listing qualifications and stock price, not because they were really afraid of Yang Chen.

Yang Chen sent three versions of the announcement to Li Jae-yong and Cui Taicheng: Eagle language version, Bang language version, and Dragon language version, and asked them to send them out intact.

To sum up the content of the announcement is very simple. Samxing Group and Lee Jae-yong, SK Group and Choi Tae-sung sincerely admit defeat to Yang Chen and express their most sincere apologies for their actions.

Yang Chen did not extort money from them, he just wanted them to issue this announcement.

Li Jaelong was furious after reading the announcement, and roared: "Ashiba, damn Yang Chen, what does he think of me? What does he think of Sanxing? Ashi..."

At this time, Choi Tae-sung called Lee Jae-yong.

"President Li, have you seen the announcement sent by Yang Chen?" Cui Taicheng asked.

Li Zailong immediately replied: "I saw it! He is too arrogant and doesn't take us seriously at all. Once this announcement is issued, how will our citizens view us? Will they scold us to death? I, Li Zailong, can't afford to lose this man! It's not that I can't beat him, it's the law that restricts me!"

Cui Taicheng said: "Alas... who said it wasn't. But if we don't quickly admit defeat and put an end to Yang Chen's short selling, the Bald Eagle family will not let us go. They even dare to assassinate their own celebrity executives, what are we in their eyes? There's no need to take risks for this, right?"

Li Zailong was silent for a while, then gritted his teeth and said, "I don't care about that. I will never send out this announcement!"

Cui Taicheng was also silent for a moment, and then said: "I want to send it, I don't want to cause trouble."

"Can you be a little more promising? Aren't you afraid that the Chinese people will scold you to death? Do you SK still want to survive in the South Korean Empire in the future?" Li Jae-yong asked angrily.

Cui Taicheng immediately replied: "What can a group of unruly people do to me? But the bald eagle really dares to do anything to me. Choose the lesser of two evils. I know what I am doing. Hang up."

Cui Taicheng hung up the phone immediately, and sent out the three language versions of the announcement sent by Yang Chen intact in the name of him and SK Group.

After seeing this, Li Jae-yong cursed Cui Tae-sung to the air.

Yang Chen also kept his promise and immediately ended his short selling of SK Telecom.

SK Group’s announcement broke the defenses of South Koreans who have always looked down on the Dragon Country.

"SK Group actually admitted defeat to Yang Chen and apologized humbly. You are really too shameful. You are the shame of the South Korean Empire!"

"You really have no ability at all except for bullying in your own house. The wealth of the South Korean Empire has been divided up by you chaebols, and we ordinary people are still trying to protect the honor of the country. SK has made a lot of wealth, but is doing things that bring shame to the country and the people. It's really shameful."

"I declare that SK Group has been removed from the South Korean Empire. From now on, SK Group is no longer one of the chaebols of the South Korean Empire. It is just a cowardly enterprise, and Chairman Choi Tae-sung is the biggest coward in the South Korean Empire."

……

Although Choi Tae-sung expected to be scolded and was mentally prepared, when he saw the insults that were the beginning of the incident, he still couldn't bear it and had a heart attack and was rushed to the hospital for emergency treatment.

SK Group immediately exerted its power as a chaebol to delete and block posts on all online platforms in South Korea.

Out of sight, out of mind. No seeing means no scolding.

Yang Chen waited a long time for Sanxing’s announcement. He knew in his heart that Li Jaelong couldn’t lose face, so he was ready to continue resisting.

Then just continue, after all, Yang Chen is not the one who is anxious.

Yang Chen called the presidents of the five major banks and informed them to work overtime tonight to short Eagle stocks.

The presidents of the five major banks immediately agreed happily and came to the Sihai Investment Department to work overtime in the evening.

"Tonight we will empty the Republic Steel Group and the Firestone Rubber Group of the White Eagle family. I am no longer interested in the Le Tian Group. We should end the feud with the Le Tian Group as soon as possible. I will go all out to deal with Sanxing!" Yang Chen said.

This was not the first time they had cooperated. After Yang Chen had stated his intention, the traders of the five major banks knew what to do. They immediately contacted the brokerage firm on the Bald Eagle side to lend out the stocks of Republic Steel Group and Firestone Rubber Group.

Republic Steel Group has a total share capital of 23.5 billion shares and a total market value of 340 billion Eagle Coins.

Firestone Rubber Group has a total share capital of 18 billion shares and a total market value of 260 billion Eagle Dollars.

Both companies are controlled by the Cleveland Consortium, which is the current second-generation shareholder of the Le Tian Group.

Yang Chen said that he wanted to end the feud with the Le Tian Group. In fact, he wanted to force the Cleveland Consortium to compromise and use them to pressure the Le Tian Group to surrender.

Wang Wanli, the president of Longguo Bank, said with a smile: "Mr. Yang, if we don't tell the presidents of BlackRock and Vanguard about our industrial company, will they have any objections?"

Yang Chen sneered, and said: "Why do they have any opinions? Even if they have opinions, they have to keep them to themselves and not say them out loud. If I can deal with others, I can deal with them. If I can deal with them once, I can deal with them N times. If they lose their usefulness to me, they don't even have the qualifications to talk to me. Do I need to consider whether they will have any opinions?"

ICBC President Zhao Kun immediately said, "That's right! Director Yang, why should you explain your actions to anyone? Bringing them along is giving them face, and not bringing them along is also part of your job."

While they were chatting, the traders from various companies completed their short selling work and reported to Yang Chen one by one.

The five banks shorted Republic Steel shares worth a total of 35 billion Eagle Dollars and Firestone Rubber shares worth 28 billion Eagle Dollars.

After they finished short selling, Yang Chen ordered Chen Chao to buy some more using Sihai Investment's account.

"OK! We're done! Go back to sleep, and see the results tomorrow." Yang Chen said with a smile. At this time, at the Bald Eagle's house.

As the share prices of Republic Steel Group and Firestone Rubber Group suddenly fell sharply, members of the Cleveland consortium discovered the abnormality in time. After inquiring with the securities companies, they found out that it was the five major banks in Longguo that shorted the stocks of these two companies.

The Cleveland consortium immediately held an emergency meeting to discuss countermeasures.

The Cleveland Consortium is composed of the Mather, Hanna, Humphrey, Eaton and other families. Each family takes turns to select one person to be the decision-maker of the consortium, and the decision-maker is rotated every three years.

The current person in charge is a member of the Mather family named John Mather.

John Mather said: "I feel very uncomfortable and angry. Both of our holding companies have been shorted by the five major banks in Longguo. The five major banks in Longguo are backed by the Longguo government, and the one who is operating is Yang Chen. We may really be in big trouble this time."

Barron Humphrey said, "What are you afraid of? We will just increase our holdings."

John Mather said: "If increasing holdings works, Qiangsheng, Goldman Sachs, Morgan, and a series of well-known giant companies will not admit defeat and pay compensation to Yang Chen. At present, it is still unknown what kind of magic Yang Chen possesses, but one thing is certain that as long as he shorts, the stock price will not be able to be pulled back. Unless he stops shorting himself, then he can pull the stock price back."

Chris Eaton immediately said: "What do you mean? Our resistance is futile? We can only admit defeat to Yang Chen?"

John Mather immediately said, "That's basically what I mean. Of course, if we want to struggle a bit, we can also try to increase our holdings. How about we each increase our holdings by 10 billion Eagle Coins?"

Although the Cleveland Consortium sounds impressive, it is far inferior to Morgan and others.

It is already their limit for each company to put out 10 billion in cash to increase their holdings. If they want to continue to increase their holdings, they will have to take out loans or sell assets to raise money.

Everyone knows that Zhang Sanfeng is powerful, but the six major sects still dare to attack Wudang Mountain because they will not be afraid unless they are beaten personally.

By the same token, all members of the Cleveland Consortium knew that Yang Chen was powerful, but unless they experienced it themselves, they would not know how to be afraid. They might even think that they might be the lucky one who could defeat Yang Chen.

"agree!"

"I agree too! Each company will take out 10 billion Eagle Coins to increase its holdings! If we succeed in stopping Yang Chen's short selling, we will become famous. If we fail, we will admit defeat. Anyway, Goldman Sachs and Morgan have admitted defeat, so it is not shameful for us to admit defeat."

"We don't have any grudges against Yang Chen. He shorted us just to force us to ask Le Tian Group to admit defeat. If we really fail to save ourselves, then we will satisfy his wish, and he will definitely stop shorting on his own initiative."

……

John Mather nodded and said, “Okay! Since everyone wants to give it a try, then we will immediately raise money to increase our holdings! Just 10 billion Eagle Coins, not a cent more, not a cent less, let’s see how powerful Yang Chen is.”

Representatives from each company immediately nodded in agreement, and then went back to inform their families to mobilize funds as quickly as possible to increase their holdings of Republic Steel Group and Firestone Rubber Group shares.

Soon, BlackRock President Pacquiao and Vanguard President Buckley received news that the five major banks were shorting Republic Steel Group and Firestone Rubber Group.

Pacquiao communicated with Barkley and rushed to Long Country from South Korea early in the morning. In the afternoon, he came to Sihai Group to meet Yang Chen.

"Mr. Yang, you have a new action, why don't you call us?" Pacquiao said.

Barkley followed up with, "Yes. We are allies. We can't be left behind in this matter."

Yang Chen smiled and said, “This time, the company that is shorted is the Bald Eagle family’s company. I’m not worried that you will lose face and feel embarrassed to short them, so I simply don’t let you know. If you ask about it in your country, you can respond.”

Pacquiao smiled and said, "As long as we can make money, who cares which country the company is from. Next time Mr. Yang takes action, he must take us with him."

Barkley also quickly said: "Yes, yes, please remember to take us with you next time, Mr. Yang."

Yang Chen smiled and said, "Since you said so, I'm a straightforward person, so let's talk about the terms of cooperation. The five major banks will give me half of the profits, how much will you give me? You are also investors, you should understand one thing, there is no reason to let others help you make money for free. Don't you agree?"

Pacquiao and Barkley looked at each other, then smiled and nodded.

"Mr. Yang is right. There is really no reason for you to make money for us for free. Since the five major banks give you half of the profits, we will also give you half." Pacquiao said.

Barkley quickly said, "Yes, yes, we'll give you half, too."

Yang Chen smiled and said, "I know that professional managers like you don't have much use for their words. Go back and discuss it with your executives and shareholders before giving me an answer. I don't believe a single word of the answer you just gave me now."

Pacquiao and Barkley looked embarrassed, but what Yang Chen said was correct. They were just professional managers. Such a big matter as the distribution of profits was not something they could decide on. It required the consent of shareholders and executives.

"Okay! Let's go back to the hotel and contact the shareholders and executives for a video conference. When we have news, we will come and talk to Mr. Yang." Pacquiao said.

Barkley also nodded quickly and said, "Yes, we will talk to you again when we have the answer."

Pacquiao and Barkley said goodbye to Yang Chen and hurried back to the hotel.

If BlackRock and Vanguard are also willing to share half of the profits, then Yang Chen will be even more relaxed. It is time to return the wealth of the Bald Eagle and those European robbers.

In the evening, the Bald Eagle Stock Market opened.

The Cleveland consortium immediately increased its holdings in Republic Steel and Firestone Rubber.

They invested a total of 80 billion Eagle Coins in the stocks of these two companies, but the stock price did not rebound after the increase in holdings. It only went sideways for less than half an hour and then began to fall again.

John Mather sighed and said, "Ah... It's really weird. Who the hell is selling this?"

Chris Eaton said angrily: "Fuck! Are these retail investors and institutions crazy? Why are they selling at all costs?"

Barron Humphrey said helplessly: "I finally understand the desperation of Morgan and other group shareholders. Even the direct method of increasing holdings to raise the stock price is useless. What else can we do? Forget it, forget it, just admit defeat. There is no point in dragging it out. The stock price will only get lower and lower. If the stocks we pledged to the brokerage firm are forced to close, we will be in even more trouble."

Therefore, the current decision-maker, John Mather, held a vote, and in the end everyone agreed to compromise with Yang Chen.

So, John Mather called Yang Chen.

"Hello, Mr. Yang, I am John Mather, the current Secretary General of the Cleveland Consortium. Can I talk to you?" John Mather said.

Yang Chen yawned and said, “I’m sleepy and need to sleep. If you have anything to say, just keep it short.”

John Mather said quickly, "I understand! I know that Mr. Yang has shorted Republic Steel and Firestone Rubber, which we hold, and I also know that your purpose in shorting is to make us admit defeat at the BPOL Group. We are willing to do this, please Mr. Yang stop shorting our company immediately. Okay?"

Yang Chen smiled and said, "You are quite direct and sensible. I really have no grudges against you. If you really do this, I can end my short selling and help you pull the stock price back up."

John Mather said immediately, "Okay, it's settled then. I will call Xin Xiangdong, the chairman of the Letian Group, and ask them to issue a notice admitting defeat to you when they go to work tomorrow! Just put forward any conditions you want to him. If he dares not to accept them, I will deal with him!"

Yang Chen laughed loudly, and said, “Mr. Mather is quite open-minded, so let’s make it a deal. I’ll see the results. If I’m satisfied with the results, I’ll fulfill my promise. That’s all for now, I’m hanging up, I have to go to bed.”

John Mather said quickly: "Okay, okay. Then I won't disturb Mr. Yang's sleep. Good night."

John Mather hung up the phone and breathed a sigh of relief.

"Yang Chen agreed. As long as we convince Le Tian Group to surrender and ask Le Tian Group to accept the conditions he offered, he will end the short selling and help us bring the stock price back." John Mather said.

Everyone else breathed a sigh of relief after hearing this.

John Mather immediately called Xin Xiangdong, chairman of the Le Tian Group.

Xin Xiangdong quickly got up and answered the phone, and said very politely: "Hello, Mr. Mather. Hello. What can I do for you?"

John Mather immediately said in a very serious tone: "Mr. Xin Xiangdong, listen carefully, I will only say this once. Surrender to Yang Chen immediately and accept all his conditions, otherwise we will not let you off easily, we will use all means to deal with you. Do you understand clearly?"

(End of this chapter)