395: Chapter 395 Short Selling

Zou Yu knew only the beginning of this matter.

She had witnessed Chen Cheng's stake disclosure in Yi An to obtain his entry ticket.

But she couldn't imagine how he would swallow a company whose market value was close to Eleven then, and had now soared to 13 billion.

However, after Han Su learned that Chen Cheng wanted to merge with Yi An without spending a lot of money, she guessed his plan.

Han Su, who hadn't rested yet and was leaning against the headboard reviewing a case, received Chen Cheng's message and immediately put down her laptop.

She got up, went to the study, and sat in front of Chen Cheng's computer.

The computers in Chen Cheng's home and office were almost never turned off unless there was a power outage.

Capital never sleeps!

Han Su quickly searched for news related to Yi An.

What she saw were all news reports from yesterday's after-hours trading about Yi An's stock price hitting a new historical high.

Han Su raised an eyebrow and switched the interface to Yi An's K-line chart.

The trend at this moment was a bit strange. It had risen by 3 points in pre-market trading, refreshing the all-time high again.

A few minutes ago, however, a huge wave of selling pressure had smashed a hole in the chart. But this hole was filled back up in less than half an hour.

"So, what does he want me to see?"

At this moment, Han Su was still a bit puzzled.

But soon, Han Su's doubts were cleared.

When it reached 11:00 PM Beijing time, a message suddenly popped up on the Bloomberg terminal on the other screen.

[Shocking! Yi An exists in financial fraud; they are scamming all investors' money]

Seeing this headline, Han Su couldn't help but chuckle.

She knew at a glance who did it.

Now, Han Su understood why Chen Cheng wanted her to look at Yi An's stock price.

He was letting her watch the show.

Han Su didn't feel there was anything inappropriate about Chen Cheng's approach.

In this industry, there are only three ways to survive.

Be a step ahead, be smarter than others, or cheat!

Soon, this news was reprinted by major media outlets.

They couldn't help but believe it.

Because at the end of this tweet, there was a 123-page short-selling report from Dirty Water.

They even claimed to have invested 200 million to short Yi An.

Distinguishing the truth of information had long ceased to be the media's concern.

Now, they were only responsible for gimmicks, traffic, and reach.

The traders, retail investors, and institutions who were still celebrating Yi An's new historical high were all stunned now.

After reacting, they quickly downloaded the short-selling report and began analyzing the truth of the news.

But the market doesn't wait for anyone. Retail investors who saw the news didn't care that much.

At the slightest sign of trouble, they would run.

However, the volume of retail investors here was still too small.

In the short term, the market only saw a slight decline.

Until 12:00 PM Eastern Time, the traders who finished reading the report first began to act.

"54..."

"52.1..."

"49.6..."

"..."

Chen Cheng watched as Yi An fell below 50, and the corners of his mouth curled up slightly; he knew the second step was successful.

Sure enough, less than half an hour later, Yi An's stock price was hit by massive selling pressure, forcibly carving out a huge pit of over 20 percent.

Xing Lu saw the door wasn't closed and walked straight in, only to see the two people in the computer chair...

Her eyes widened instantly, her face flushed with shame, and she was about to turn and leave.

Chen Cheng called out, "Come back!"

Xing Lu's legs instantly felt like they were filled with lead, rooting her to the spot.

Chen Cheng looked at her back, felt a surge of desire, and asked with a slight smile, "What did you come up for?"

Xing Lu's face was red, not daring to turn around and look at the shameless pair. "Dinner is ready."

Chen Cheng's mouth curled up as he patted Zou Yu. "Then how about we eat first?"

Zou Yu's forehead was covered in sweat. Feeling as if she had been granted a great pardon, she exhaled several times before slowly saying, "Okay."

Chen Cheng smiled and didn't bully her further, quickly ending the battle.

Scum Cheng looked at Xing Lu and even beckoned her over mischievously, "Come here and clean up the floor."

Xing Lu's fair face turned bright red, but she didn't dare to disobey.

This man was very vengeful.

If she ran away now, she would definitely be dealt with by him tonight.

This kind of "dealing with" was okay once in a while.

But every day... she had some conflicting emotions, both a bit afraid and secretly expectant.

Xing Lu gave a soft "Oh~", turned around, and braced herself to walk over and clean up the water stains on the floor.

Before leaving the study, Chen Cheng picked up his phone and sent a message to Han Su.

[Go to sleep. The real results won't come out for a while.]

On the other side of the ocean, Han Su, who was still staring at Yi An's stock price, saw the message. Her mouth curled up, and a blush appeared on her face.

She muttered, "This guy is really too smart. He actually knows I haven't slept yet."

[Okay, then I'm going to sleep.]

[Good night]

Looking at the message, Han Su's smile widened into a crescent shape. [Good afternoon, love you~]

In the afternoon, Chen Cheng didn't pay any more attention to Yi An's trend.

On the first trading day of being shorted, Yi An closed at 46.63, down 17.3%.

It had dropped by more than 26% at one point during the day, but was pulled back by market-supporting funds.

If they hadn't finished unloading their positions, how could the hedge funds let the stock price collapse?

Even if everything in that short-selling report was true, it would only be "true" after I've finished selling my shares.

This is the reality of the capital market.

On the second trading day of being shorted, Yi An closed up 2.1%.

To everyone's surprise, Yi An's management didn't make any response.

They neither denied nor admitted it.

They seemed to be busy with other things.

When reporters came to inquire, they were brushed off with the excuse of an ongoing internal investigation.

On the third trading day of being shorted, Yi An fell again, closing at 43.71, down 8.2%.

On the fourth trading day of being shorted, it fell 9.06%, the stock price breaking the $40 mark to reach 39.75.

On the fifth trading day of being shorted, Yi An saw a significant rebound, rising 6.71% to close at 42.42, back above the 40 mark.

Subsequently, Yi An fell for four consecutive trading days.

The stock price reached 32.03.

At this point, Zhencheng Hong Kong, which had just become a shareholder of Yi An a few months ago, 'couldn't sit still' anymore.

Seeing the continuously falling stock price, they hastily issued a statement.

Expressing recognition of Yi An's business model and belief in Yi An's professional management team.

And hinting that if the market required it, Zhencheng Hong Kong would increase its holdings in Yi An.

The stock price immediately rebounded.

The retail investors who hadn't run were almost ready to kowtow to Aks on the spot.

Well, the statement was issued via a recorded video.

Aks himself appeared in the video.

To show support for Yi An, Zhencheng Hong Kong could be said to have 'gone all out.'

Aks's personal appearance also had an intention.

To give the majority of retail investors and investors in Yi An a psychological anchor.

Zhencheng was international capital.

And it paved the way for the subsequent 'investment failure.'

In the dining room downstairs, Chen Cheng sat in the main seat.

Anna sat on his left, and Zou Yu sat on his right.

The meal was cooked by Ming Zhen. Chen Cheng didn't want to eat Western food, and Anna's little assistant didn't know how to cook Chinese food.

Ming Zhen happened to have a chance to show off, so she volunteered.

Not to mention, she did a really good job.

After Chen Cheng finished a bowl of rice, he casually handed the bowl to Zou Yu.

Zou Yu quickly put down her chopsticks, took the bowl, and filled it for him again.

Seeing Chen Cheng eating heartily, Zou Yu blinked and asked:

"When are we going back?"

Chen Cheng frowned and thought for a moment, "..."

"Next week. I need to go to Rochester, Minnesota, then fly to LA, and after that, we'll go home for the New Year."