Resurrection Empire

Chapter 757 285: The Bloodthirsty Stock Market Accelerates in a Spiral, Just a Step Away [6800 words]_3

But what Ren Zhong wanted was this effect.

Due to the sell orders hitting the limit, the unsold sell orders in Ren Zhong's hands began to "reasonably" lower the price continuously.

As for the short-selling orders, Ren Zhong could not manipulate them and could only place them slightly below the market price when he started short-selling with borrowed shares.

Five seconds later, the stock market automatically updated the data, and the stock price of Tianyuan Military Industry was brutally pushed down by 5% by Ren Zhong's sell orders within just ten minutes.

A new situation emerged.

The mysterious funds that were following Ren Zhong's lead also began to sell off.

Previously, when Ren Zhong quietly entered the market, the manipulator behind the mysterious funds thought Ren Zhong intended to seize the opportunity to buy into Tianyuan Military Industry, acquire its equity at a lower cost, become a major shareholder, and then personally enter the board to hold down Wang Dingyuan.

But by this time, if others still couldn't understand Ren Zhong's intentions, then they were really too stupid.

Ren Zhong was mad.

He would rather burn billions than let the Wang Family survive.

He wanted to take down the Chongyi Wang Family in the stock market at one go!

These traders didn't care about any high-level rivalry, they only knew they had to consider the profits of the bosses behind the scenes.

If you want to go crazy, we're not accompanying you; leaving early brings peace of mind, even if it means incurring some losses, it's worth it.

After all, the previous profits were considerable, and now these losses are still within the tolerable range of the bosses behind the scenes.

Another ten seconds passed, and the stock price crashed by another 5%.

An astonishing sight appeared on the interface, with 16% of the sell orders listed at prices higher than the assessed value.

Nearly 10% of the sell orders were listed at prices slightly below the assessed value, creating a clear distinction.

Wang Dingyuan watched in shock.

Beside him, the person in charge of the stock market section within the Wang Family, Wang Dingyuan's nephew, exclaimed: "Uncle! This is not good, our pledge contract has not been finalized, and the bank demands further reduction in the pledge conversion ratio based on market changes! If it continues to fall like this, it's possible that even if we pledge all the stocks, we can't come up with three billion!"

Wang Dingyuan gritted his teeth, "What about the contracts for the sale of other assets? What about the loans?"

"They are 90% in place! We already have eight hundred billion in funds at hand!"

Wang Dingyuan: "Buy in full! Eat up all those low-priced sell orders! We must protect the market!"

"Uncle... this..."

"Quick! I'll go find someone to finalize the pledge contract! First, pledge away two billion to get back an eighteen hundred billion cash flow! In any case, we must withstand Ren Zhong's offensive! Once this round is over, he will have no ammunition left. He'll have no chance to enter the market! After placing the buy orders, immediately issue an announcement in the company's name, stating that the company will use the remaining two billion in liquid assets to start a buyback! Protect the market at all costs!"

While announcing the buyback, Wang Dingyuan looked again at his foolish son Wang Jinsou.

If the company had nearly a thousand billion in liquid funds, it wouldn't have come to this!

It was at this moment that he finally realized Ren Zhong's true purpose, who had previously used Wang Jinsou to blackmail him into paying a billion "compensation".

From that moment, Ren Zhong had already woven a net around the Wang Family.

Five seconds after the Wang Family completed their operation, a large number of buy orders began to appear below, with the sell orders from Ren Zhong and the mysterious funds being quickly executed.

The eight hundred billion shot by Wang Dingyuan happened to eat up all the nearly 10% low-price sell orders.

Another five seconds passed, and the stock price began to rise.

The battle eased a little.

With all the lowest-priced sell orders executed, the margin sell orders at higher positions began to be executed one after another.

Undoubtedly, some part of it must be Tianyuan Military Industry's corporate buyback.

Anyway, Wang Dingyuan's defense of the market succeeded, and the stock price was temporarily stabilized.

Wang Dingyuan wiped the sweat off his forehead and then glared viciously at Wang Jinsou, who was bewildered on the side, and slapped him hard in the face, "Look at what kind of enemy you've provoked! I've been wise all my life, how could I have such a son."

Wang Jinsou was spun around by the slap but dared not say a word.

The Wang Family members beside them all remained silent.

But many thought in their hearts: he is your son.

But you were the one who spoiled Wang Jinsou to this point, weren't you?

If you had told him to apologize to Ren Zhong earlier and ease the relationship, would it have come to this?

The decline of the Wang Family, Wang Dingyuan and his son can't shirk the blame.

It's just that it's not time to settle accounts with them yet.

Five minutes later, the Wang Family received a lifesaving piece of good news.