Chapter 613 Crash(2/2)
Not to mention the profits from other hot money, all of them made a fortune.
Let’s talk about Xiangjiang!
After receiving the news of the pound's plunge, the whole of Hong Kong was in mourning.
Because they believed that the people of Eagle Country would win, many people put down most of their net worth, if not all of it. Just like Ma Zhihua, he mortgaged most of his stocks in order to make money.
I wanted to make a lot of money, but ended up being even more unlucky than Fenghua and Lianguang.
Fenghua and Lianguang are just suspended, and there is still hope of getting the money back.
And speculating in foreign exchange!
Ma Zhihua opened ten times leverage.
After receiving the news that the pound was about to plummet, Ma Zhihua immediately asked people to sell the currency and try to recover losses.
But how can anyone buy it at this time? It’s too late for anyone to sell it.
Ma Zhihua could only watch the pound fall beyond the basic line. Without enough funds to protect the market, all US$500 million was wasted, and more than half of his net worth was lost.
Angry, Ma Zhihua smashed the office to pieces and scolded the financial director and other subordinates.
Why don't these guys persuade themselves? If they could persuade themselves and not be greedy, they would not lose 500 million US dollars.
What makes Ma Zhihua even more frightened is that the house leak happened to be caused by the rain all night and the boat was late again!
Not only did the news that he lost US$500 million in foreign exchange speculation spread, there was also news in the market about the relationship between Huaye Group and the suspended Fenghua and Lianguang companies, and that Ma Zhihua was the boss behind these two companies.
As a result, the share price of Huaye Group plummeted, falling by 20% in just one morning, so much so that Hang Seng Bank called Ma Zhihua and asked him to top up the margin before getting off work, otherwise he would have to mortgage Ma Zhihua with Hang Seng Bank.
Bank stocks sold off.
Ma Zhihua's shares in Huaye Group are not large, only 30%.
Under normal circumstances, this is a lot of shares. You must know that Shao Daheng, who can call the shots in TVB and block anyone he wants, only has 40% of TVB's shares.
Ma Zhihua's 30% stake is enough to stabilize the board of directors and allow him to assume the chairman's position as a major shareholder.
But if Hang Seng Bank sells out the shares pledged by Ma Zhihua, then Ma Zhihua will only have 5% of the shares left.
It is impossible for this small amount of shares to dominate the board of directors, and the position of chairman will definitely be removed.
Ma Zhihua will be miserable by then.
In recent years, he has done many illegal things through Huaye Group.
Because I am the chairman,
Many people just turn a blind eye and pretend not to see.
But if you lose your position as chairman and Huaye Group changes to a new owner, then if you discover your criminal mistakes, it will be impossible to cover yourself up.
Therefore, Ma Zhihua must hand over the deposit and the guaranteed shares must be in his own hands.
But it was only after Ma Zhihua begged his grandfather to sue his grandma, borrowed hundreds of millions of Hong Kong dollars from friends with whom he had a normal relationship and the shareholders of Huaye Group, and added them together with his own personal money that the hole was filled.
As a result, the stock price of Huaye Group surged the next day, and many institutions suddenly bought Huaye Group's shares in large quantities.
The transaction amount was very large. In just one morning, he purchased 10% of the shares of Huaye Group and increased the share price of Huaye Group by 80%.
Ma Zhihua knew that someone was eyeing him and Huaye Group and wanted to take advantage of his tight financial situation to let Huaye Group change ownership.
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Chapter completed!