Resurrection Empire

Chapter 756 285: The Bloodthirsty Stock Market Accelerating in a Spiral, Just a Step Away [6800 words]_2

Ying Hao suddenly understood Ren Zhong's next move, "You're not planning to let it go, are you?"

Ren Zhong smiled slightly, "Rest assured, Mr. Chairman, I abide by laws and regulations more than Wang Jinsou. I will only make a small retaliation within the permissible rules."

"Alright, be careful not to go too far. Although the Wang Family of Chongyi is insignificant, Tianyuan Military Industry itself has a certain level of importance. I don't want external turmoil to affect the operations of Tianyuan Military Industry."

"Understood."

After hanging up the communication with Ying Hao, Ren Zhong glanced at his stock market account again.

Unnoticed, he had accumulated about 2.7% of Tianyuan Military Industry's stocks by continuously collecting scattered shares in the market.

His holding ratio had not reached 5%, so he didn't have to file a public notice or be listed.

Strangely, those who always copied his moves did not immediately follow suit.

After waiting for about half an hour, the Association's debt-to-equity swap operation was completed.

At the same time, the negative news of Chongyi Wang Family's involvement with Alien Ore fully erupted, and the stock price began to decline, but the drop was not very sharp.

While continuously buying shares at low prices, Ren Zhong noticed that there were many other forces doing the same thing aside from him.

Ren Zhong grinned, the copycats were here again.

Even though they knew it was unconventional, they couldn't resist joining him to scrounge for a taste.

However, everyone was very tacit and did not push the prices up violently but instead entered steadily, letting the stock price fall, dropping to a certain level, and then rhythmically placing small buy orders.

During this period, the Wang Family quickly convened a family meeting and decided to accept the harsh pledge conditions offered by Alson Bank, which was taking advantage of the situation.

The pledge liquidation line was set very high.

Wang Dingyuan had no choice and couldn't delay further.

If the stock price suddenly crashed and even full pledges couldn't sufficiently cover the penalties, what awaited him would be ruin.

At this moment, Ren Zhong's stake exceeded 5%, and according to the regulations of the Securities and Exchange Commission, he had to reveal his position.

Seeing "Ren Zhong" prominently listed in the new major shareholders list, Wang Dingyuan, who was strategizing at the Wang Family manor and preparing to make a desperate effort to save himself, suddenly changed his expression.

He said in a low voice, "Not good! Ren wants us dead!"

As soon as Wang Dingyuan finished speaking, a large number of sell orders suddenly appeared in the Tianyuan Military Industry market.

It was the ruthless Ren Zhong, who just revealed his position, starting to dump shares ferociously.

He was slamming it hard, with no courtesy whatsoever.

In an instant, all the buy orders put forth by those bottom-fishing and stabilizing the price were wiped out.

The interface now only showed Ren Zhong's sell orders.

One moment, Tianyuan Military Industry was trading at a high frequency; the next, it turned into a stagnant pool.

Instantly hit the limit down.

The market's trading sentiment suddenly froze.

Ren Zhong's maneuver left people baffled.

Those mysterious funds following Ren Zhong's lead were dumbfounded.

Retail investors following Ren Zhong and the mysterious funds, rushing to snatch the Association's sell orders, were confused.

The Association was also a bit bewildered while steadily liquidating to recycle funds.

One second, Ren Zhong was still slowly and steadily buying at low prices, and just as he crossed 5%, he suddenly and forcefully dumped his shares. What was the meaning of this?

Was he burning money by attacking himself?

The Association immediately took measures, suspending liquidation sales to observe the situation carefully.

But at that exact moment, another batch of new sell orders appeared.

Wang Dingyuan suddenly stood up, "Something's wrong, the sell orders currently being placed far exceed 5%. Where did the extra sell orders come from!"

Wang Dingyuan promptly arranged for people to start tracing, and within just five seconds, he got the answer.

It turned out that Ren Zhong had long deployed 250 billion funds in advance with brokerages and banks.

He extracted nearly 16% of the shares of the Eight Major Investment Institutions held by the brokerages and banks, once again using margin short selling, and sold them all at once!

The Eight Major Institutions held a total of 21.11% of Tianyuan Military Industry's shares, of which 90% had pledged relationships.

Among the pledged shares, most of them were in the hands of brokerages and banks, with open margin short selling rights.

This part of the shares was precisely the tool for brokerages and banks to earn profits, continuously creating interest and fee-related profits through constant lending and reclaiming over the years.

Ren Zhong exploited this.

He chose an all-out approach of dumping shares at any cost.

He offloaded all of his 5% holdings, maxed out the margin short selling limit, and fiercely offloaded everything in one go.

In an instant, the sell orders on the market exceeded 20% of Tianyuan Military Industry's total share capital.

In a frozen trading sentiment, such a huge volume of sell orders was impossible to digest in a short time.