Black technology: a super empire spanning two worlds
Chapter 58 [He did something unprecedented in the industry]
Chapter 58 [He did something unprecedented in the industry]
Around 17pm.
Prism Technology issued an announcement that the company was renamed "Linzhou Lingjing Technology Co., Ltd.", abbreviated as "Lingjing Technology".
From now on, the company's name will be officially changed to Lingjing Technology, and the company's stock name will also be changed accordingly. However, it is currently in ST status and will become "*ST Lingjing" after the name change.
The next day, Lingjing Technology's stock price opened 4 points higher, and the opening price was the highest price of the whole day. It plunged -20.00% to the limit on the same day, and failed to hit 30 consecutive boards. The stock price fell back to 65.91 yuan, and the market value shrank to 572.09 billion.
Today's limit down was not due to any major negative news. The market interpreted it as normal profit-taking of funds.
In fact, this is the main capital, that is, the Ruilian Group, reversing to pick up people, allowing several other institutions to enter the market, and then lifting each other's sedan chair to increase the company's market value.
……
Friday, June 10.
Around 10: in the morning, Xiao Yu, who was at the company, decided to announce the shareholder compensation matters today. He sat in front of the computer without saying a word, typing quickly with his hands.
An "Open Letter to the General Public of Small and Medium-sized Investors" was quickly completed.
信中的内容主要就是在7月27日至8月31日期间,公司股价暴跌,在此期间蒙受重大损失的中小投资者散户股民总共有18万户,合计83.34亿元人民币。
In his open letter, Xiao Yu clearly stated that when he makes money in the future, he will personally compensate everyone for all their losses, and on this basis, he will offer a 20% premium on the daily limit, which means he will pay out 100 billion yuan to compensate these 18 shareholders.
In addition, Xiao Yu also envisioned the company's future in the open letter, and vowed that in the field of artificial intelligence, Lingjing Technology has secretly made a major breakthrough and the results will be announced soon.
After Xiao Yu finished writing, he reviewed it again to make sure there were no problems and then called Yun Shu over.
After waiting for a while, Yun Shu came to the chairman's office. Xiao Yu glanced at her, handed her a printed paper attachment and instructed: "Publish this open letter in the form of a company announcement."
Yun Shu took over, looked at it, and nodded: "Okay."
……
Half an hour later, around 11 a.m., Xiao Yu's open letter was released to the public.
His open letter immediately caused a huge sensation as soon as it was released. Both the industry and the capital market were shocked. People from all walks of life outside saw the news for the first time and subconsciously believed that it was fake news.
If investors lose money in stock trading, how can the boss of a listed company lose money?
Investing involves risks and one is responsible for one's own profits and losses. Every investor entering the market understands this principle.
But later it was confirmed that this was not fake news, but true. The information officially released by Lingjing Technology Company could not be more true.
Wow——!
This caused an immediate uproar. Everyone was amazed and stunned.
Those shareholders who suffered huge losses from Lingjing Technology were completely furious. They read the contents of the open letter, rubbed their eyes hard to confirm that it was true, and then were dumbfounded.
Some investors who suffered heavy losses were stunned. Not only could they get their money back, but they could also get a 20cm daily limit premium?
By noon, this news had become a hot topic.
The stock price of a certain listed company plummeted some time ago, and 18 retail investors suffered heavy losses. The boss of the listed company personally paid 100 billion yuan out of his own pocket to compensate the investors for their losses.
……
"Xiao Yu, this young man, has such courage and vision. I can't help but look at him with new eyes." Xiang Chongguang was reading the news reprinting Xiao Yu's open letter, and he commented directly after reading it. Xiang Chongguang is now the head of Ruilian Group. His old boss retired two weeks ago, and he successfully took over the leadership of Ruilian.
At this time, his assistant said: "This Xiao Yu has done something unprecedented. This is the first time that a stock investor has lost money in stock trading, and the boss of a listed company has to pay out of his own pocket to compensate for the loss. If he can really pay out 100 billion, his reputation will definitely turn around instantly and soar to the top."
Then, Xiang Chongguang's assistant added: "But can he come up with that much money?"
In the open letter, Xiao Yu also clearly stated that there was a prerequisite for paying the 100 billion yuan, which was that he had to make money first.
And he didn't give a specific time. He did this to give himself enough room to maneuver in case something unexpected happened and he was in a difficult situation. After all, he had suffered losses from the deadline of the gambling agreement before.
At this moment, Xiang Chongguang thought for a moment and said with a smile: "Young people have such great ambitions, so I will help them again."
Xiang Chongguang immediately looked at his assistant and said, "He definitely can't come up with 100 billion in a short period of time. I, Ruilian, will lend him 100 billion in cash at no interest, without any additional conditions, so that he can get the money and quickly deal with this matter, and help him completely turn his reputation around."
The assistant was shocked when he heard his decision and couldn't help but said quickly: "Mr. Xiang, isn't this too..."
However, he stopped talking halfway. Even for Ruilian Group, 500 billion is an astronomical figure. The most important thing is that this billion is cash flow, and Ruilian has less than billion in cash flow.
"I've made up my mind. That's it. I'll take responsibility for any problems." Xiang Chongguang was very decisive and did not allow for doubt. He then added: "At the same time, contact several institutions to work together to increase the market value of his company. Remember to give all players in the market a chance to get on board and help Xiao Yu thoroughly build his reputation."
"I understand." The assistant nodded. Since the boss said so, he had nothing to say. He just had to carry out the boss's decision.
……
Around 14 p.m., Lingjing Technology Headquarters.
Wen Suqing entered Xiao Yu's office, came up to him and said with a smile: "You made big news today. People in and out of the circle are shocked by your move."
Xiao Yu smiled and said, "You didn't come here just to talk about this, did you?"
Hearing this, Wen Suqing smiled and said, "Uncle Xiang has heard about your matter. He just called me personally and decided to help you."
Xiao Yu was curious when he heard it: "Help me?"
Wen Suqing immediately told him what happened. Xiao Yu was also very surprised after hearing it. He immediately said, "Does Ruilian really intend to lend me 100 billion? Not only is it interest-free, but there are no additional conditions?"
"Yes, you heard it right." Wen Suqing looked at her and said with a smile, "It seems that Uncle Xiang really admires you and is very optimistic about you. Not only does he want to lend you 100 billion, but he also plans to help you build up your reputation among the people and cooperate with multiple institutions to carry out capital operations, taking this opportunity to increase the market value of Lingjing Technology."
It has to be said that Xiao Yu had never expected that Ruilian Group would support him so much. Although he could easily solve the problem without Ruilian providing 100 billion yuan, the key point was the sincerity and attitude represented by Ruilian's move.
Since Xiang Chongguang has done so much, Xiao Yu knew that he could not refuse politely. He had to accept the 100 billion yuan. The other party said that he was not picky about interest, but Xiao Yu thought about it and decided to pay the interest anyway. The other party was polite first, so you have to reciprocate. Otherwise, it would seem that he has no emotional intelligence and is not a good person, and his vision is also a little bit worse.
"Rui Lian is so helpful, I will not refuse it." Xiao Yu put away his thoughts and smiled. After a moment of hesitation, he looked at Wen Suqing and said, "But you still have to pay the interest. It will be calculated according to the market lending rate."
Wen Suqing nodded and smiled, "Okay, I'll call Uncle Xiang right now and tell him what you said."
……
(End of this chapter)
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