Extraordinary Genius - Chapter 693
Chapter 693 – Taking part
Buy me a coffee or tip me on or .
Mitsui Chemicals was Feng Yu’s first choice. This period,Mitsui Chemicals’ share prices had dropped from 32 USD to 14 USD. This companyhad caused the most severed contamination in China and was fined the heaviest.
Mitsui Chemicals owns many patents for their chemicalproducts. Just the patents alone were enough to guarantee the company’sprofitability.
Feng Yu sold some of his Microsoft shares and uses some ofthe funds from Wind and Rain Consulting to buy in 500 million USD worth ofMitsui Chemicals shares.
With such a significant sum of money entering the stockmarket, there were immediate results. Mitsui Chemicals still thought it wasbecause of the measures they had taken to save their share prices. They wereoverjoyed. Their shareholders also increased their stakes to continue to pushthe share prices up.
After that, Feng Yu split his funds into several portionsand invested in several Japanese Chemical companies. These companies weresimilar, and they own the world’s most advanced technologies.
Now, these companies had admitted their mistakes and firedsome scapegoats. They were trying their best to repair their tarnished image.They announced the donations they made to society over the years and what theyhad contributed to the society.
This announcement took effect. The share prices of thesecompanies were stabilized and start to rise slowly.
Fu Rongqi led the Fu Family’s combined funds to buy inToshiba, Pioneer and the other electronics companies shares. These companiesalso own some of the most advanced technologies and patents. The damaged causedby their factories in China were not very serious, and their compensations andfines were not as hefty.
Also, these companies had introduced new products andimplemented promotions to boost their sales.
At this time, Warren Buffett entered the market. He bought alarge number of Mitsui Chemicals shares and then start to buy in Toshibashares.
With Buffett buying the shares of these two companies, manyinvestors started to follow and purchased the stocks of these two companies.These investors push up the share prices of these two companies.
Some institutions from the US and Europe also saw thisopportunity and start to buy in the shares of these companies in large amounts.They also analyzed the market and felt these shares will not plunge like theprevious time. In fact, these shares should shoot up in the short term.
3 days later, Feng Yu, Fu Guangzheng, and the rest hadsuccessfully used up all their funds to acquire those shares. They start to celebratewith champagne. In just 3 days, they could see the profits. After deducting thecost of spreading rumors and suppressing those share prices, they had alreadymade high profits.
“Hahaha, Nephew Feng, 1 month, at most 2 months and we canall reap the profits.” Fu Rongqi said while holding on to his champagne glass.
“We will dump all our shares and let their share pricesplummet again. We will give them a sad New Year.” They were helping thosecompanies to increase their share prices for the high returns.
When there were enough profits, Feng Yu and the rest willdump all the shares in their hands. This will cause the share prices of thosecompanies to drop. The drop might not be severe, but the share prices willundoubtedly be affected.
Feng Yu and the rest must withdraw out as fast as possible,and then those shareholders of those companies will be stuck with thosecompanies shares and have to bear the losses for those companies.
Fu Rongqi and Feng Yu looked at each other and laughed. Thiscooperation had helped these two to make more than 30% of profits. It mighteven reach 50%!
This was a good investment which allowed them to make thishigh profit in the span of 1 to 2 months!
This was also not a risky investment. The risk was very lowunless those companies do stupid things again and have negative news aboutthem. The Japanese Government had paid a heavy price for these companies, andthe Chinese Government had stopped pursuing this incident.
In China, the news no longer reports on these Japanesecompanies. Instead, the news now focuses on the visits to China by the leadersof several nations. These leaders were coming to China to seek cooperations.
These countries wanted to cooperate in many areas, likeeconomic, culture, technology, and even military. They just wanted to have abetter diplomatic relationship with China.
Some third world countries, which had been sitting on thefence, started to lean towards China. After all, China was one of the permanentmembers of the United Nations. Although the impression of China had been weak,it had started to demonstrate their prowess now. China had shown the world thatthey have what it takes to go against another developed nation and won.
“Dad, they had bought the shares of those companies. Itseems profitable. Should we also follow them and buy some shares?” Li Zeju wasa bit jealous when he saw the returns.
At first, Li Zeju had the same thinking as his father. Hedid not want to get involved in the stock market. After all, they were not infinancial trade.
But now, Li Zeju could see this opportunity to make moneyclearly. Even if the profits were lower and they exit the market earlier, theywill not suffer any losses. If they were to sit out on this opportunity, he wouldfeel uncomfortable.
“That’s right. Dad, let’s join them. Fu Rongqi had persuadedseveral Hong Kong families, and they had also invested. Everyone is workingtogether to push up the share prices of those few companies, and then, everyonewill dump their shares at the same time to give those companies another blow.”Li Zekai said.
Superman Li sat on the sofa, sipping on a cup of tea slowly.“You all can’t wait any longer? Do you all think that I do not know this is anexcellent opportunity to make money? I only want to see how you all will act infront of high profits.”
Li Zekai and his elder brother exchanged looks and then bowdown. Both of them could not control themselves in front of high profits.
“Also, this operation is led by the Fu Family. If weparticipate, we will be lower than them. Can you all tolerate that?” SupermanLi asked.
Li Zekai immediately said: “Why is the Fu Family higher thanus? In terms of influence and power, how can the Fu Family be compared to us?The Fu Family’s retail shops still have to depend on us. Without our ports,their cost will increase a lot.”
Li Zeju retort: “It does not matter who leads in business aslong as the other party can prove that we will not lose money in thisinvestment. Zekai, the biggest investor in Tai Hua supermarket corporation, isFeng Yu. Why are you willing to accept that? Are you trying to say that Feng Yuis more powerful and influential than the Fu Family?”
Li Zekai immediately understood what his father was tryingto teach them. It does not matter whether winning or losing. It’s the endresults and profits that matter. If he could let Feng Yu be the biggestshareholder of Tai Hua Supermarket, why can’t he let the Fu Family lead thisoperation?
“Dad, I understand. Everyone will have something they aregood at. Actually, it’s good for us to follow the Fu Family in this investment.We can even help to stimulate the share prices. For example, we can start tonegotiate with those companies to let our ports cooperate with them. Theirshare prices will surely increase because of this negotiation. But we will notsign any contracts with them and drag this matter. After everyone had dumped theirshares, we will announce that our negotiations had broken down and let theirshare prices plunge further!” Li Zekai said.
“this way, which will still want to stop at our ports? Wecannot do this. It will harm our company’s reputation. We will just use some ofour funds to buy their shares and earn some profits with the rest. How can wenot participate when so many influential families from Macao and Hong Kong hadtaken part? This time, we do not need to do anything and just follow the restto make money.”
Translator’snotes: Market manipulation by the tycoons.
Victor Li Tzar Kuoi (Li Zeju, as in this novel)
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