Black technology: a super empire spanning two worlds

Chapter 117 [Ask Ruilian for help]

Xiang Chongguang will not underestimate this young man Xiao Yu now, and he is sure that Xiao Yu was able to judge that Ruilian Group has learned some information before making the decision.

This is somewhat like sitting on the fence. In other words, if the situation were the opposite, would you not support it but choose to cut off?
There is no doubt that in Xiao Yu's eyes, he has a very bad impression of Ruilian Group.

Xiang Chongguang gave such a big gift this time to show his support, and it was not just verbal, but also to offset the bad impression on Xiao Yu.

The current Xiao Yu is no longer the inexperienced boy he used to be. He can see clearly the ins and outs of this world.

However, his attitude towards this is calm and frank. He is not dissatisfied because Xiang Chongguang did not express his support in time, nor will he be excited because of the strong support at this moment. He knows very well that he still has to rely on himself at the critical moment.

It is a good thing no matter how you look at it that Ruilian can provide such strong support.

Since this 2% is a large amount of funds being sold off from the secondary market, it must have been sold off when the short positions were blown up. Not only are there short positions to take over, but the funds actually cashed out are definitely far more than 260 billion.

There will be no price limit on the first day of resumption after the planned suspension, and the competition in the call auction will surely be extremely fierce.

Since Xiang Chongguang has already placed his bet, Xiao Yu thought about asking Ruilian Group to come in and cooperate in harvesting those short positions, and use the profits from harvesting the short positions to support the HP Foundation's charitable undertakings.

He immediately made a decision in his mind, but for the sake of safety, Xiao Yu did not reveal the information to Xiang Chongguang at this time, in order to avoid any accidents. He would wait for the last two or three days to discuss the matter with Wen Suqing.
After all, the window of time is not short. If the news leaks out and gets to the short sellers, the harvesting plan will most likely fail.

……

One hour after the afternoon market closed, Lingjing Technology issued an announcement that it planned to acquire 200% of the equity of AVIC Linfei Company for 20 billion yuan in cash, constituting a major asset acquisition and applying for a trading suspension, which is expected to last no more than three months.

Investors who hold Lingjing Technology, whether they are long or short, are very concerned about this matter.

Especially those who shorted the market, they paid relatively more attention. They all thought of the merger and reorganization of Lingjing Technology and Linghan New Materials last year.

That was a huge sensation, and Xiao Yu ended up as the winner.

Those who are shorting now are not retail investors. They knew about the merger and reorganization of the two companies last year, and investors such as Penghui Capital suffered heavy losses and exited the market.

Now that something similar has happened again, those short sellers have subconsciously become more vigilant.

After all, Xiao Yu has a "criminal record", and there are precedents from several investors at Penghui Capital. It would be troublesome if he follows in their footsteps.

So these people secretly began to pay attention to and investigate AVIC Linki Company. Many of them thought of the room-temperature superconductivity mentioned in a Weibo post by Xiao Yu a while ago. Could it be that there has been a breakthrough in this area?
But then he thought again and felt that it was impossible. Room-temperature superconductivity has been studied for more than a hundred years, and Xiao Yu could not have achieved it.

Lingjing Technology is currently suspended from trading. No matter what, we have to wait until it resumes trading before we can carry out any actual operations.

Although they couldn't guess what Xiao Yu's intention was in letting Lingjing Technology acquire 20% of AVIC Linfei's shares, the short sellers' vigilance has not disappeared, and they are creating negative news on a large scale, characterizing this acquisition as Xiao Yu wasting money and that AVIC Linfei was a money-loser, and that the more money invested, the more losses would be.

How can it be that easy to manufacture an aircraft, especially one that is powered by electricity?

They even wrote various short essays, explicitly or implicitly telling retail investors who hold the stock to be careful about the stock's 15 consecutive limit downs last year, and that those who have chips should get out first to avoid risks, etc.

In short, this acquisition is seen as an event that is unfavorable to Lingjing Technology.

The opponent's unremitting efforts to create panic have indeed made some retail investors a little panicked. However, the stock has been suspended now. When it resumes trading on October 10, those who hold shares will not be bearish as long as they have the most basic logical judgment.

……

As time went by, by the middle of the month, the HP Charity Foundation was officially announced.

This incident once again became a hot topic, because CCTV News Channel spent more than six minutes broadcasting the news in the morning, and connected with reporters on the scene to follow up the report. The head of the Linzhou Municipal Party Committee and other major leaders also attended the HP Fund Establishment Conference. Those who originally believed that Xiao Yu would be in trouble because of the HP Fund incident were really confused now, as the actual development was greatly different from their predictions.

They did not expect that the country would not only support the HP Fund, but also support it so strongly. CCTV gave it extensive and focused coverage, and some state departments were directly named in the HP Fund. This was something they never expected.

Seeing this scene, even those who had not received the inside information in advance would understand what was going on.

Not only will nothing happen to Xiao Yu, but he will become even more prosperous. Some well-informed people know best that this matter has the support of the top leaders. The more than 500 billion that ran away early were thanks to these well-informed people.

Some speculators who were bearish on Lingjing Technology and still have short positions in their hands, and who opened them recently and whose profits were not very high, are now a little panicked.

Because there is not enough profit cushion, one or two daily limit increases after the resumption of trading may lead to losses.

Those who just shorted the stock at a cost of less than 16 yuan are extremely panicked. In this situation, it only takes one daily limit increase after the stock resumes trading to result in a loss on the books.

Right now CCTV is focusing on reporting on HP Fund. Everyone understands that after Lingjing Technology resumes trading, its share price will definitely hit the daily limit, and will continue to recover.

Some short sellers with huge unrealized profits are not too panicked now. They are still very calm and think that there is no problem in making money and withdrawing. It's nothing more than a little profit withdrawal. It is impossible for Lingjing Technology, with a trillion-level market capitalization, to continue to stay at the same limit. At most, there will be a daily limit on the first day of resumption of trading.

Obviously, they did not realize that there was no daily limit on the first day of resumption of trading, but there was no limit on the price fluctuation on the first day. They also did not realize that Xiao Yu was going to launch the strongest attack within one day, and blow up the short positions in a flash, leaving them no time to react.

……

In late October, Lingjing Technology's acquisition of a 10% stake in AVIC Linfei Company progressed quickly and smoothly, and an announcement was released on Friday, October 20.

The company has completed this related transaction, and its application for resumption of trading on Monday, October 10 was successfully approved, and there will be no price limit on the first day of resumption of trading.

Lingjing Technology has now been removed from the ChiNext Index, and has not been included in the CSI 300 Index or the Shenzhen Component 100 Index. No matter how it rises or falls, at least it will not directly affect the index, so it doesn't matter to the village.

In the afternoon, Wen Suqing came to the chairman's office. When she saw Xiao Yu, she smiled and said, "What do you want to talk to me about?"

The two of them sat down on the sofa in the lounge area. Xiao Yu looked at Wen Suqing and said, "I would like to ask Ruilian Group for a favor and add another safety bolt to my next plan."

Wen Suqing's eyes flashed with surprise, and she couldn't help but ask curiously: "Plan? What plan? What can Ruilian help you with?"

Hearing her three questions in a row, Xiao Yu said in an orderly manner: "There are more than 2700 billion short orders for Lingjing Technology. I want them to lose all their capital and profits, and at the same time, I want Ruilian to cash out the 2% at a high price."

After hearing this, Wen Suqing looked at him even more puzzled.

Xiao Yu continued, "I have been planning this for a long time. I want to directly blow up these short-selling funds on next Monday. I chose not to set a limit on the price fluctuation on the first day of resumption of trading in order not to give the short-selling any chance to react. Even if they want to use tricks outside the market, it will be too late."

“Before the market opens next Monday, I will release a series of important positive news. The short sellers can only resist during the call auction, which will be very fierce. So I hope that Ruilian can maintain its strong position during the call auction and open super high, blow up the opponent's orders in one go, and the company's market value will reach $1 trillion on the same day.”

When Wen Suqing heard the height of 1 trillion US dollars in market value, her eyes suddenly widened: "How is it possible? 1 trillion US dollars means a market value of 7.2 trillion RMB. This is impossible. No matter how big the favorable news is, it is impossible to achieve this."

Seeing her disbelieving denial, Xiao Yu smiled slightly and said confidently: "If you can't do it, then the benefits are not big enough. Lingjing Technology acquired 20% of the shares of AVIC Linfei Company, plus the original 5%, a total of 25%. Do you know why I did this?"

After a pause, Xiao Yu told her, "Because during the National Day holiday, I really developed a room-temperature superconducting material at AVIC Linfei. You may not know what this means, but let me tell you frankly, this is a product that can truly push mankind into the fourth technological revolution. The value of this alone is far more than $1 trillion."

……

(End of this chapter)