Reborn as a female internet celebrity in a county town

Chapter 279 Holding more than 5% of the total share capital
When Yan Li woke up, it was already 6:30 a.m. on Friday.

Tianjin Global Selection once again achieved exceptionally high returns.

Even if the report shows that Lin Lang did not take any action, it only proves that Lin Lang felt there was no need to take any action, and that Lin Lang had a clear judgment on the market.

Yan Li opened her phone; Lin Lang had sent her a message.

"After you get to the company, arrange for the traders to mainly accumulate shares in the morning. Don't do anything else. At most, use two billion. Don't expect the price to rise. I'll go to the trading room in the afternoon."

This message was sent at 5:30.

Yan Li tentatively sent a message, but received no reply.

She knew that Lin Lang was most likely asleep by now.

She's really enjoying her life now. She doesn't have to be responsible for the trading; she just needs to do other things every day.

Wash up, eat, and then go to the company.

Although purchase restrictions were implemented yesterday, the amount of funds available for subscription is still 1.2 billion yuan.

This means that a full 120,000 ID cards were submitted.

Previously, when the purchase limit was 20,000, the amount of funds subscribed could not match the amount redeemed. But now that the purchase limit is 10,000, the amount of funds subscribed is much greater than the amount redeemed.

That's what emotions are.

Lin Lang's move perfectly captured the market sentiment.

In Yan Li's view, Lin Lang had been planning this ever since he first implemented purchase restrictions.

Before the market even opened, she received another call from Guan Sheng, instructing him to send someone over to connect her account, and she herself was also to go.

Therefore, she could only urgently implement Lin Lang's instructions and then began to work on the bonds.

Issuing bonds is usually quite difficult for a company. For a fund company, it takes up to half a month to go through the procedures with the China Securities Regulatory Commission.

However, the process is ultimately just a set of rules on the surface. It is not impossible to really speed up the process and get it done in a day or two.

……

When Lin Lang woke up, it was already noon.

He glanced at Yan Li's message and immediately asked, "Has the money arrived yet?"

"……,arrive."

"Hurry up and have the finance department transfer the money to Tianjin Mixed Selection's account. I'm going to the company right away."

"Huh? This money is from medical insurance..."

Lin Lang didn't reply because he was busy packing up. After all, the market would open at 1 p.m., and he needed to go to the company for lunch first.

When Lin Lang arrived at the company, he ate directly in Yan Li's office. Yan Li said from the side, "This money really can't have any accidents. If anything happens, the company's own funds will hardly be able to plug such a big hole."

"Mr. Yan, what is our purpose in borrowing money? The purpose of borrowing money is definitely to make money, right? If we weren't going to make money, would we be crazy to offer such high interest rates?"

“I can find other channels to lend this money out. If I look around, maybe I can cover the interest.”

"Then why would I borrow money? What's the point? Am I just bored?"

"..."

Yan Li knew that things would definitely develop in this direction.

Previously, when borrowing money from banks, there were lenient options, and repayment could be made gradually; at worst, one could simply negotiate the terms.

But the medical insurance is different; it was borrowed in the form of bonds.

This means that the interest must be paid on time every year, and there is no room for negotiation on this matter.

If payments cannot be made on time, it will be a devastating blow to Tianjin Capital as a whole.

For example, a company's goodwill may become zero, which means that the company is only worth its current amount of money, and no one is willing to pay for the company's potential.

If even bonds can default, what can't?
Even the path to an IPO will encounter the greatest obstacle...

Of course, according to Lin Lang's requirements, even if this money is defaulted on, it will most likely be after the company goes public.

But if that happened, the stock price would completely collapse.

Yan Li was not determined to object; she simply explained the seriousness of the matter to Lin Lang.

She can't stop Lin Lang from doing whatever he wants, nor will she try to stop him.

Moreover, after today's 10% surge, the funds from Tianjin Global Selection have earned over 2 billion yuan. Tianjin Capital has a strong foundation, and as long as these 5 billion yuan are not completely wiped out, there shouldn't be any major problems.

If she really wanted to stop it, she wouldn't have let the finance department transfer the money to the Tianjin Mixed Selection account.

Now, Lin Lang has confidence, and that's enough.

Lin Lang's confidence is more valuable than hers.

She was busy all morning and didn't even have time to check on the day's events.

After Lin Lang finished eating, she went to the trading room with him and was stunned to find that almost all of his holdings had fallen by four or five points.

The drop today was a bit too sharp.

Tianjin Hybrid Selection Fund, with the 16 billion yuan subscription from the day before yesterday and the 1.2 billion yuan subscription from yesterday, has reached a total of 60 billion yuan.

And just now, another 5 billion was transferred in, bringing the total to 65 billion.

This is the data after the decline.

The total holdings are only 45 billion, which is the same as yesterday's holdings. But the problem is that about 2 billion entered the market this morning.

This also means that the account has already lost two billion today.

Lin Lang remained calm upon seeing this. After glancing at the account balance, he said, "After the market opens, ignite CATL directly. Don't worry about costs; just aim to drive it to the daily limit as quickly as possible!"

Currently, even on the ChiNext board, the daily increase is only 10%.

Yan Li glanced at Tianjin Hybrid Selection's holdings in CATL. Before the market opened yesterday, it was only over 2 billion, but by the end of the day, it had grown to over 3 billion.

It accounts for 2.8% of CATL's total share capital.
Surge to the daily limit?
In this situation, it would be extremely difficult to seal the board.

Lin Lang continued, "The top ten holdings will be ignited simultaneously, with 1.2 billion yuan invested in each stock! There's no upper limit for CATL; we'll keep buying until it hits the daily limit."

Yan Li didn't think too much about it at first, after all, there was still a long way to go before he could make a bid for CATL, and he would need to invest at least 2 billion yuan.

……

“Liang Jiwei, I feel that what I said yesterday was too conservative. Look at these stocks, how badly they’ve fallen today, even the market index dropped by two points. If this continues for another three or four days, you should sell everything.”

Chu Tianhe sat next to Liang Jiwei, smoking a cigarette as he talked about today's market.

He had been watching it all morning; as the last trading day of the week, it was of great significance to him.

If he can't drive down the net asset value of Tianjin Hybrid Selection today, it will be difficult for him to complete his task smoothly next week.

With such high daily interest rates, he certainly doesn't want to delay. The best course of action is to meet the conditions for Chu Tianhe to liquidate his holdings as soon as possible and end this matter.

"Has it dropped by 15 points yet?"

Liang Jiwei asked a question.

Chu Tianhe: "..."

In just one day, where can it possibly drop by 15 points? Even if it hits the daily limit down, Tianjin Hybrid Selection can't fall that much. Unless it opens at the daily limit up, a large amount of funds enter Tianjin Hybrid Selection, and then it hits the daily limit down, and some funds suffer huge losses from the limit up and limit down, it's possible for the net asset value to drop by 15 points in a single day.

That kind of thing only exists in theory; it's impossible to achieve in reality.

"Fifteen points, it won't take more than a few days. Judging from today's situation, it should be almost done by next Wednesday. You can redeem on Thursday, and the funds will be in your account on Friday."

Liang Jiwei said with a smile, "What if we make seven or eight percent today?"

"Do you think that's realistic? A 15-point drop only exists in theory, but a 7-8 point gain doesn't even exist in theory. In the current situation, if Tianjin Hybrid Selection wants to gain 7-8 points, it has to drive the price up itself. Without a takeover bid, even if they poured 1 billion into each stock, they might not be able to push the price up. Where are they going to get 7-8 points to earn?"

Tianjin Capital just won't budge!
"Alright, I was just kidding. I have to go out and get to work. Do you want to come with me? It's really cold today, especially outside..."

"go with!"

With so much money involved, Chu Tianhe didn't want to slack off in the slightest.

He had calculated that he could earn a lot of money after finishing this job, several hundred thousand yuan should be no problem.

Unfortunately, Liang Jiwei, that bastard, refuses to budge and admit defeat.

Otherwise, he could have made money from both sides.

If they just admitted it, everyone would be happy... Liang Jiwei could keep some of the funds and get an extra share.

And so, the two took the subway and then scanned a shared bicycle, quickly arriving at the place where Liang Jiwei worked.

It was exactly 1:01 a.m.

Chu Tianhe habitually took out his phone, opened the brokerage app, and then...

"Fuck! What's going on?"

Liang Jiwei hadn't even started working yet, but he also came over to take a look.

Then, it was discovered that the stocks in Chu Tianhe's watchlist were rising rapidly, almost hitting the daily limit within a minute of the market opening.

A straight, large bullish candlestick pattern emerged...

"Haha, see for yourself, I'm going to get to work."

Liang Jiwei didn't give it a second glance, even though the scene before him was extremely exciting and involved a large amount of his funds.

However, he knew that watching wouldn't change anything, but by doing the work himself, he could change many things.

Chu Tianhe had no time to think about how Liang Jiwei could resist such a great temptation, because it wasn't a good thing for him.

Damn it, how could it be so violent?
They pulled directly from four or five points underwater to seven or eight points above water.

Was it pulled in by Tianjin Capital?

Do they still have positions?

Even if there were any, with such a violent pull, why isn't anyone smashing them?

Are those mutual funds unable to even afford the amount of money that Tianjin Capital has?
Tianjin Capital only has a few hundred billion?
Within a minute, a large number of sell orders appeared on the relevant stocks, suppressing the upward momentum.

Chu Tianhe breathed a sigh of relief.

It was too sudden just now. If it had happened at the end of the trading day, it might have had an effect, but it wouldn't have had any effect at this point.

Wait a minute, it will definitely be hammered down. Tianjin Capital's reckless surge this time has increased its holding cost and made its position even heavier. Even if individual stocks only drop by four or five points, their net value may drop by more than six points.

So cool!
complete in one step!
A sudden drop of six points will inevitably lead to large-scale redemptions, and Tianjin Hybrid Selection's positions are certainly fully invested.

Even if the public funds don't target them next Monday, Tianjin Capital might still end up hurting itself.

It was over in just one day!

He originally thought he would have to wait a while, after all, Tianjin Capital's shady dealings had brought them over 10 billion yuan in funds.

That sum of over 10 billion is enough to handle redemptions for a long time, preventing them from collapsing quickly.

But today's surge...

Although he didn't know who pulled it, it couldn't have been anyone else but Tianjin Capital.

Just wait patiently for the sky to fall...

However, other stocks are doing well, but why is CATL (Contemporary Amperex Technology Co., Limited) so strong?
They immediately locked the price at the limit up, without any hesitation. They still have 800 million yuan in funds available for that purpose.

Who could possibly open this?
……

Yan Li, inside the trading room, was stunned.

In less than ten minutes, Lin Lang had invested 15 billion yuan.

Currently, apart from CATL, there are still 800 million yuan in unsold funds, while all other transactions have been completed.

The portfolio is almost fully booked. With the remaining 800 million yuan still unsold, there's less than 2 billion yuan left in total.

The price surge was effective, but it was quickly countered...

In just a few minutes, the price dropped from a high of eight points to two or three points, and it will definitely drop further.

None of these are the most important things, because Yan Li discovered a problem.

"Do we... now hold more than 5% of CATL's total shares?"

she asked.

Lin Lang nodded: "Yes, it's exceeded the limit. Hurry up and prepare the materials and make a public announcement."

"what?"

"Also, we should quickly publish an announcement on our official website homepage, saying that we have acquired a stake in CATL, so as to avoid the China Securities Regulatory Commission blocking us."

Yan Li: "..."

No, everyone else is afraid to raise their placards, why do you seem so eager to let everyone know you've raised yours?
What does raising a sign mean?
If a mutual fund has several products and several fund managers, then even if they jointly hold 5% of the total share capital of a certain stock, they can actually choose not to disclose their shareholding.

Even for a single fund manager, if two or more products hold 5% of the total share capital of a certain stock, there is room for negotiation, and it is not necessary to disclose the shareholding; there is room for adjustment.

However, Tianjin Capital does not have this condition. As an A-share equity fund, it is required to disclose its shareholding if it holds 5% of the total share capital of a certain stock.

……

When Guan Sheng received the news that Tianjin Hybrid Selection held more than 5% of CATL's total shares, he was stunned.

This message came from the China Securities Regulatory Commission (CSRC), which monitors the share capital data of all A-share stocks. Once anyone holds 5% or more of the total share capital of a particular stock, the CSRC will immediately issue an inquiry letter and require a public report on the matter.

This period will have a time limit of three trading days.

Within three trading days, the company must disclose its shareholding and issue an announcement so that all shareholders know who has made the acquisition.

"What's Tianjin Capital up to? Why did they suddenly raise their stake in the company?"

"They only have one product..."

The fact that it was detected immediately by a single product explains why it was monitored so quickly. If it were two products, the accounts would be different, and the data alerts wouldn't be triggered immediately.

"Boss, Tianjin Capital has sent a report stating that they already hold 5.01% of CATL's total shares. Should we disclose this now?"

"Wait a moment……"

(End of this chapter)