Chapter 453, capital is cold-blooded(2/2)
This is also reflected in stocks.
Unlike in the movie, which rose 12 points as soon as the market opened, the stocks of Western Harbor Crossing Corporation and Jiali Construction plummeted as soon as the market opened, even if someone put a tray in the middle, it didn't work.
By noon, in just half a day, the market value had dropped by 40%.
Fortunately for the Western Harbor Crossing Company, although Yan Guorong is the chairman of the board of directors, he is not the largest shareholder. With Hong Kong Communications Holdings, CITIC Pacific and Lei Weidong holding the market, the Western Harbor Crossing Company has barely maintained half of its market value.
Jiali Construction cannot do that.
It fell by 40% in the morning, and continued to plummet in the afternoon. By the close of trading, the market value had evaporated by a little more than 80%.
Because of insolvency.
Kowloon Construction Bank had to sell the shares mortgaged by Yan Guorong to Lei Weidong, allowing him to swallow up Jiali Construction and become the third largest shareholder of the Western Harbor Crossing Company.
It stands to reason that if the shares of Western Harbor Crossing Corporation Limited fall, it should be easier for the Hong Kong government to buy back the shares because less money will be spent.
It stands to reason that when the shares of Western Harbor Crossing Co., Ltd. fall, it should be easier for the Hong Kong government to buy back the company because it spends less money. However, buying back is easier said than done, and billions of Hong Kong dollars in idle funds are not easy to get.
After a day of discussion, officials in the Hong Kong government finally reached an agreement, that is, they would not compromise with the robbers, not buy back the Western Harbor Crossing Company, and require the police to capture the robbers while ensuring the safety of the hostages and the tunnel.
"It's up to you." After receiving the governor's order, Cao Dahua looked at Lei Weidong with a depressed expression, "The results are out, and the superiors requested a forceful attack."
"If we attack by force, you will take command. After all, you are the director and I am only dealing with the director. There is three levels difference between us, not to mention that it is you who is in contact with the governor.
Chapter completed!