Chapter 302: Shorting Samsung Shares
With the help of Boss Ma, Su De quickly agreed on conditions with Penguin shareholders who wanted to sell their shares.
Although Penguin's stock price is still falling, Su De still estimates Penguin based on the market value of HK$60 billion according to Lin Feng's intention. Now in the secondary market, Penguin's market value has almost dropped to 50 billion.
Since Lin Feng’s valuation is much higher than the market value in the market, the shareholders who were still a little swaying about whether to sell it before gritted their teeth and decided to sell their shares.
"Boss, the share acquisition of Penguin has been negotiated. You currently hold 50% of Penguin's shares."
After Su De finished his talks with the last shareholder, he immediately called Lin Feng to report his progress in Pengcheng.
Lin Feng was talking on the phone with Su De, while watching the stock price trend of Penguin Company on the computer.
"It's very good. Then you can handle the rest as soon as possible. I'm going to let someone pull the stock price up."
News suddenly came out of the Xiangjiang market that as Penguin's stock price has been falling recently, its original major shareholder MIH and several investment institutions have cashed out and left the scene.
As soon as the news came out, Penguin's stock price, which was originally a bit stable, began to fall again.
In the eyes of market investors, now a number of shareholders of the company have begun to cash out and leave the scene. Isn’t it that something happened to Penguin Company? Then when will it last if you don’t leave now?
Therefore, many people in the market who had entered the market before intending to buy at the bottom rushed to sell Penguin's stocks, so Penguin's market value did not unexpectedly fall below 50 billion market value, and it is still falling.
At the same time, in Gaoling Capital's office, Zhang Shi frowned and looked at the trend of Penguin Company on the computer.
"Boss, Penguin's stock price has fallen by half from its highest price. Do we still have to stick to it?"
Zhang Shi looked up at Ding Wei standing in front of him.
Ding Wei returned to China to start a business with Zhang Shi in Country M, and is also a veteran of Gaoling Capital.
"Ding Wei, do you think it's normal for Penguin to fall like this now?"
After hearing Zhang Shi's words, Ding Wei also knew what he was worried about.
"But you have also seen that even several shareholders of Penguin have cashed out and left the scene. What happened to Penguin must be something we don't know about, otherwise why would their shareholders leave at this critical moment?"
Ding Wei's words were no problem, but Zhang Shi always felt that there was something wrong with this, but he didn't expect it for a moment.
"Boss, you can't hesitate anymore. Look, Penguin's stock price is still falling now. Now the K-line has broken through the annual line. For a long time, Penguin's stock price will be in a sluggish state."
Ding Wei turned around Zhang Shi's computer screen and gestured on it.
Zhang Shi is also very conflicted now. On the one hand, because what Ding Wei said makes sense. Now, anyone with a discerning eye can see that the trend has gone bad.
Even if Penguin Company has good fundamentals, at least according to the current K-line trend, it is difficult for Penguin’s stock price to have any highlights in the short term.
The second aspect is that because he signed a bet with Lin Feng before, Zhang Shi put all his chips on Penguin, hoping to defeat Lin Feng through the sharp rise in Penguin's stock price.
But now, not only did the Penguin not rise sharply, but it still fell sharply, which made Zhang Shi very unwilling.
When Zhang Shi thought of his failure and went to work for Lin Feng, he felt unwilling to accept it. He hoped that the stock price of Penguin Company could have a big reversal in an instant and then soared into the sky.
"Boss, don't forget that you and Lin Feng have a bet."
"If you still fight the stock price of Penguin, you really have no hope."
"If we leave now and look for a new stock again, we might be able to reverse the situation."
Zhang Shi's originally swaying heart suddenly made a decision after hearing Ding Wei's words.
"Start close the position." Zhang Shi said weakly, then turned off the computer, slowly stood up and walked out of the office.
Ding Wei saw Zhang Shi's decadent appearance and was about to say something, but in the end he still didn't say it.
In fact, Ding Wei can understand Zhang Shi's expression.
He and Zhang Shi knew each other in Country M and knew that Zhang Shi had been in such a smooth life before.
During the college entrance examination, he was admitted to a prestigious university, and then the graduate student studied at a famous university in Country M. Even after graduation, he planned to return to China to establish an investment company, his supervisor immediately invested several million dollars to him.
In Ding Wei's opinion, Zhang Shi's experience is simply someone else's child, and everything is so beautiful.
Now that Zhang Shi has fallen into the stock of Penguin, he must be unwilling to accept it.
Lin Feng watched Penguin's stock price continue to fall and the corners of his mouth rose. This was exactly what he wanted to see.
Although Lin Feng now owns 50% of Penguin's shares, how could Lin Feng feel that this stock that could rise 300 times in the future?
"Zou Ming, how many Penguin stocks have you and Alice bought in your hands?"
Lin Feng held his cell phone in his right hand and stood by the floor-to-ceiling window looking at the building that was about to be completed outside the window.
"Boss, we have purchased five percent of Penguin shares at this time."
Although five percent is very small, Lin Feng is still a little dissatisfied.
"Five percent is too little. You asked Alice to suppress Penguin's stock price these days and continue to buy, and you have to buy at least ten percent."
Hearing Lin Feng's words, Zou Ming on the other end of the phone smiled bitterly.
"Boss, there are fewer chips in the market now."
"It's already very good if you can still have 10% of the stocks in the market after deducting the shares of the top ten shareholders of Penguin."
Hearing Zou Ming's words, Lin Feng's face showed a hint of unwillingness, but he also knew that Zou Ming was telling the truth.
Now Penguin's stock price has fallen by 50%. Those swaying investors have already sold what they should sell. If they don't sell now, even if the stock price falls again, they will not sell it.
"Then let Alice not suppress the stock price anymore, she just needs to be responsible for buying and buying as much as she has."
"But don't rush to buy a lot of money now. When I release the news in a few days, you can buy a lot of money. I want to see Penguin's stock price return to its previous level."
"Okay, I remember everything. Does the boss have any instructions?"
Hearing Zou Ming's words, Lin Feng smiled and said, "I have a task here to hand over to you. Just wait and hand over the Penguin's affairs to Alice, and then you will lead your team to complete my task."
Zou Ming said: "Boss, don't worry, I will definitely complete it well."
Zou Ming did not ask Lin Feng why, because he knew that he had to resolutely implement Lin Feng's decision.
And he also knew that Lin Feng's ability in the investment field was many times better than him, so even if he heard how unreasonable Lin Feng's task was, he didn't have to worry about it.
This is not blindness, but Zou Ming has followed Lin Feng for so long and has been admiring and confident in Lin Feng.
He was also thinking in his heart when he could reach Lin Feng's level and become the king of investment.
This time, Lin Feng plans to let Zou Ming short the Samsung company in Country H.
Lin Feng knew that if the chip field of Starry Sky Group wants to become the top level in China and even the world in the future, he needs to first get the most advanced chip manufacturing level in the world so that he can send people to continuously research on this technology.
Compared with the high-tech companies in Country M, Lin Feng is more willing to choose Samsung next door.
On the one hand, the relationship between the two countries is very good at this time and will not obstruct itself from introducing high-tech like M. After all, M is always suspicious and not a good choice.
On the other hand, in recent years, the currency of H Country has continued to rise in the international market, resulting in a long sluggish exports of the entire country. Even large companies like Samsung are inevitably affected.
The most important point is that Lin Feng deeply remembers a major incident about Samsung.
"Dajun, I have something to leave to you."
When Chen Dajun heard Lin Feng’s mission, he didn’t say anything. He hung up the phone and immediately sent a few people to apply for a visa and prepared to fly to Country H.
The most important thing about whether Lin Feng can short Samsung this time is whether Chen Dajun can complete the tasks he arranged. Once Chen Dajun completes the tasks he assigned, Lin Feng's hand will be like a pair of "king bombs".
"Brother Lin, come here quickly, our project has been completed."
After hearing Rebs' call, Lin Feng immediately knew what was going on, and then happily took Zhao Tiezhu toward the Starry Sky Science and Technology Park.
Starry Sky Science and Technology Park, inside a tall building.
Rebs and several scientific researchers were looking at a large string of codes on the screen with excitement.
"Mr. Lei, are we going to start the test now?" Qiu Yong stood next to Rebs and said excitedly.
Qiu Yong is the technician who was invited back from Lin Feng from Country M. He used to work in an IT company in Silicon Valley. Later, Lin Feng was invited back from a high salary. There were also a few overseas returnees like him who accompanied him.
Rebs smiled and said, "Don't worry, I have called Lin Feng just now. How can I lack him at this critical moment?"
When Rebs said that Lin Feng was coming too, Qiu Yong asked the people below to wait a little longer, and then told everyone that when the boss was coming, everyone would be very energetic.
After all, their salary for returning to China is three times that of their previous overseas experience, but the work they do is not difficult, they just write code according to the ideas given by Lin Feng.
Chapter completed!