My Age of Investment

the next day.

At nine o'clock in the morning, the call auction time for Hong Kong stocks.

Xia Jingxing, Li Ying and others have already arrived at the company's conference room, turned on a few computers, and watched the market trend together.

At 9:30, the opening price of Penguin rose slightly by 1.55% from yesterday's closing price today, opening at HK$8.51 per share, without any surprise.

But looking at the stock price trend, there are big funds entering.

Before Xia Jingxing called, Liu Hai, who had already returned to the United States, took the initiative to call and reported: "Jing Xing, the position has exceeded 5%."

"Okay, three days later, mail the disclosure letter to the Hong Kong Stock Exchange!"

After briefly speaking, Xia Jingxing hung up the phone, only to find Li Ying and Yabo looking at him dumbfounded.

"Look at it, this is a reasonable use rule. The Hong Kong Stock Exchange stipulates that for the first time to hold 5% or more of a listed company's equity, it must be disclosed within three working days.

The methods of disclosure include telephone, fax, personal delivery or postal declaration.

As long as it is confirmed that the letter is mailed from the United States within three working days after reaching 5% of the position, then it complies with the regulations.

As for when the letter will arrive, that is none of my business. "

As he spoke, Xia Jingxing laughed to himself.

When Buffett reduced his holdings in PetroChina a few years ago, he reported the reduction record to the Hong Kong Stock Exchange by "sending a letter". By the time the letter arrived, it was already half a month later.

The most outrageous thing is that when Buffett cleared his position in PetroChina stocks in 2007, he used the same trick several times, making it clear that he was taking advantage of loopholes in the rules.

If there is no such loophole, the stock price of PetroChina will not fall to the bottom when he hears that Buffett wants to reduce his holdings. Correspondingly, Buffett will make a lot of less money when he liquidates his stocks.

Xia Jingxing is doing the opposite now. He is increasing his shareholding in Penguin. If he discloses it too early, it will also attract a large amount of funds to follow suit, which will cause Penguin's stock price to rise.

Although there was no information disclosure, anyone with a discerning eye could see that someone was sweeping the market, and Penguin's share price also rose accordingly, closing at 10.21 Hong Kong dollars that day.

the next day,

Some retail investors were envious and got into the car, but a large number of selling orders knocked down the stock price a lot.

On the third day, Penguin's stock price rose again.

…………

…………

Realizing that their own stock trading is very active, Liu Zhiping and Ponima have almost made a decision, and the fish began to bite the bait.

"Martin, do you want to start?"

In Pengcheng Fiyta Building, Ponima asked Liu Zhiping who was sitting beside him with a playful smile while smoking a cigarette.

The 34-year-old Bonima has just been promoted to the boss of a listed company last year, and his personality is not so mature.

Seeing that Vision Capital had already entered the market, he couldn't wait to give the other party a head-on blow.

Liu Zhiping waved his hand, "Don't worry, wait for them to build a position first, and do it now. You can only repel them, but you can't let them have a long memory."

"Okay, then listen to you!"

With regard to financial and investment matters, Ponima was absolutely at ease with Liu Zhiping.

Liu Zhiping previously served as the executive director of Goldman Sachs Asia, and was appreciated by Ponima for helping Penguin successfully list in Hong Kong. "High salary plus equity" dug this general into his family.

Usually, he regards Liu Zhiping as his own dog-headed military advisor... Oh, no, it's Zhuge Liang.

Anyway, how the military division arranges, so do it. Ponemar is very optimistic about the plot to setback Vision Capital.

…………

…………

Inside a humble and cramped office in Hong Kong.

Zhang Sanshi is discussing with four partners of the start-up company.

"The penguin we selected has been extremely active in trading these days. I judge that there are big funds buying it. What should we do? Do you think we should follow?"

Zhang Sanshi glanced at several partners and asked.

"The key is how much? We only have 20 million US dollars."

Zhang Sanshi was heartbroken, "I bought all of them. I'm worried that this store will disappear after passing this village. Penguin's stock price may not return to below 10 Hong Kong dollars."

"It's very risky, especially if there are big funds playing games in it." A companion persuaded.

"Being favored by big funds shows that we have chosen a good target."

Zhang Sanshi waved his hand, "That's it, all studs."

The four companions thought that all the funds were raised by Zhang Sanshi from the Yale University Foundation, and Zhang Sanshi was also the major shareholder of their small company, Gao Ling Capital.

Now that the big boss has made up his mind, they have no objection.

Under Zhang Sanshi's arrangement, Gao Ling Capital, a small company, began to operate, and a series of purchase orders were issued.

…………

…………

Nearly half a month later, in mid-November, the mail from the United States finally arrived in Hong Kong. Envision Capital disclosed to the Hong Kong Stock Exchange that it already holds 5% of Penguin Holdings.

When this news came out, it immediately attracted the attention of a large number of media, retail investors, and institutional investors.

The share price of Penguin, which has broken through to 15 Hong Kong dollars, has soared by more than 20%, reaching 18 Hong Kong dollars per share. More funds are still frantically pouring into the Penguin stock, driving the stock price to rise steadily.

At a time like this, how could there be less support from the media.

"Vision Capital aims at Penguin and joins hands with Facebook to build a global social empire\

,""Bill Gates holds Facebook shares, the world's richest man wants to get involved in China's penguins? \

,""Undeclared War, Unveil Envision Capital's Ambition for You".

...

Not only the unscrupulous media in Hong Kong are reporting blindly, the domestic financial media also noticed the news in Hong Kong and began to repost it one after another.

On the Tianya Forum, Xia Jingxing's loyal fans have already shouted the slogan "Expel South African MIH, and the Chinese will be the major shareholders of Penguin".

Under the boiling public opinion, Penguin's stock price soared again, breaking through 25 Hong Kong dollars per share, and began to touch the high of 30 Hong Kong dollars.

The penguin who saw the right opportunity finally made a move.

Ponima and several Penguin founders held a press conference, expressing their disapproval of Vision Capital's stake and calling them "barbarians."

Representatives of MIH also attended the press conference and expressed their support for Penguin as always.

When the shares of the two parties are increased to more than 70%, Vision Capital will not be able to make waves at all.

Those who were expecting the merger between Facebook and Penguin were undoubtedly poured cold water. Penguin's stock price fell accordingly, and retail and institutional investors began to retreat.

Running faster than them was Liu Zhiping's hidden hand in ambush.

Several institutions such as Goldman Sachs Asia continued to throw large sums of sales orders into the market, running wildly like killing their lives.

For several institutions, this is also a good deal.

Liu Zhiping found them and invited them to play a game together.

So when Vision Capital was scrambling to raise funds, Goldman Sachs and several other institutions also entered the market to sweep up the goods.

The bargaining chips that several institutions grabbed at around HK$10 were sold at around HK$25 or HK$20, which can be said to be a big profit.

The huge sale order, coupled with the opposition from Penguin’s founding team, and the facts before everyone, made the market sentiment very low. How fast Penguin’s stock price rose at the beginning, it has fallen so hard now.

25 HKD/share

22 HKD/share,

18 HKD/share,

13 HKD/share,

...

Penguin's stock price fell faster and faster, and it took only two days to drop below ten dollars, returning to its original shape before the sharp rise.

At this time, Vision Capital's second disclosure letter was sent to Hong Kong, disclosing that Vision Capital held more than 6% of Penguin's shares.

The Hong Kong Stock Exchange has such a rule that if the shareholding exceeds 5%, every 1% more must be disclosed again.

The third, fourth, and fifth letters came in sequence, showing that Envision Capital held more than 7%, 8%, and 9% of Penguin's shares...

Every time a letter is sent, Penguin's stock price will flash back and briefly break through 10 Hong Kong dollars.

But in the end, it has completely disappeared. Instead, every time a letter is sent, the stock price drops a little.

Because people are constantly taking this opportunity to jump off the car and cut their flesh.

At this point in the matter, the situation has become very clear. Envision Capital cannot shake Penguin's control, even if it buys out the shares in the market, it cannot change the outcome.

The retail investors who foolishly followed into the car were the most angry, and even Xia Jingxing suffered a lot of scolding.

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