roccoschili Chapter 257 Meng Chuan Gets Sucked Out
Chapter 257 Meng Chuan Gets Sucked Out
In this stock market, Ouleng originally intended to fleece Meng Chuan.
As a result, instead of reaping the benefits, the UK suffered even greater economic losses.
As the biggest beneficiary of this stock market crash, Meng Chuan is actually not someone who can withstand scrutiny.
Although Meng Chuan shared the burden across thirty accounts.
But these accounts were actually registered under the name of a shell company in the Barman Islands.
The Baman Islands are known as a tax haven.
Although it has an independent government and legal system and enjoys a high degree of autonomy.
However, it remains a British colony and an overseas territory of Britain.
Therefore, if the UK wanted to investigate Meng Chuan's accounts, they would find them very easily.
"It's been clearly stated that the share price cannot fall below £4; you have to cover that."
Ollie explained.
The original share price of 02 was £3 per share.
It has now plummeted from £20 to £5.
And judging by the current trend, it won't even break 5 pounds.
It could even fall below the original price of £3.
After all, everyone was terrified of 02.
If no one takes it over, theoretically it could very well drop to 0 yuan.
That would be a catastrophic disaster.
At least they managed to hold onto £4, meaning their core assets are still intact.
Therefore, if Meng Chuan, as the instigator, cannot hold onto the price of £4.
It is very likely that it will be liquidated.
Isn't this forced buying and selling?
Meng Chuan immediately objected.
This is such a double standard.
Private, underhanded operations are prohibited.
However, the authorities forced them to buy and sell.
The ruler allowed his family to set fires, but forbade ordinary people to light lamps.
"Learning to compromise is a compulsory course in life."
Ollie said matter-of-factly:
"Moreover, this is not the end. The Li family can no longer buy 02 Company, but 02 Company is no longer able to continue operating, so you have to buy it."
"Why would I buy it? I'd be willing to hold onto the £4, but I won't buy it!"
Meng Chuan immediately became anxious.
He doesn't have the time or energy to run a physical company.
Moreover, this is a cross-border transaction.
Meng Chuan has no plans to buy property overseas.
They were even more reluctant to part with such a large sum of money spent on Baihua.
Another major reason why the Li family was unable to purchase 02 was geopolitics.
Other so-called anti-monopoly claims are pure nonsense.
Meng Chuan is also Chinese. What's the meaning of forcing him to buy 02?
Aren't these hook-nosed people afraid that he has control over British communications and will affect their national security?
It's important to know that telecommunications companies possess a vast amount of user communication data.
This includes personal privacy information, trade secrets, and even information involving national security.
Aren't these hook-nosed people really worried that Meng Chuan will do something to them?
"You have to do it whether you like it or not! At least your shell company is in the Paman Islands. Think about the implications of that!"
Ollie hung up the phone immediately after saying that.
Meng Chuan threw down his phone and immediately started cursing.
Is there any need to think about the intention behind this?
Isn't he just trying every possible way to keep his money in Britain?
Meng Chuan wants to keep the 02 stock price at £4, which will cost a lot of money.
Acquiring Company 02 would definitely cost over 10 billion.
So, how much money does Meng Chuan have left?
Damn it, this is bullying honest people!
"Boss, the stock price has fallen to £4.2."
George suddenly shouted excitedly.
This is a huge win!
Although George was British, he understood how much damage this incident had caused to Britain.
But what does this have to do with George?
He sees himself as a businessman.
He is now Meng Chuan's trader.
He only needed to be responsible to Meng Chuan; he didn't have that much of a sense of national responsibility for anything else.
"Quickly, hold the price at £4 and don't let it drop any further."
Meng Chuan spoke up.
"Boss, why? The share price of 02 is very likely to fall below £2..."
George looked up at Meng Chuan, puzzled.
There is no room for sentimentality in the stock market.
This is the perfect time to strike while the iron is hot.
The scythe for harvesting has already been swung; there's no reason to stop halfway.
"Don't you have any compassion? Are you even British? Do you know how many families will be torn apart and destroyed after today?"
Meng Chuan roared at George in a fit of rage.
He didn't want to go through the motions either.
But he had no choice.
If we don't protect him, he might not be able to take a single penny with him.
At this moment, Meng Chuan felt extremely frustrated and had nowhere to vent his frustration!
That stupid George still foolishly came over to get himself killed.
If Meng Chuan doesn't criticize him, who else should he criticize?
"But……"
George wanted to say something more.
However, Meng Chuan slammed his fist on the table and roared angrily, firing off a string of words.
"Don't you understand the meaning of 'knowing when to stop' and 'not draining the pond to catch all the fish'?"
Do you know what it means to go too far or to reach an extreme and then reverse?
Do you understand the meaning of "everything in moderation, and excess leads to disaster"?
Meng Chuan's voice was extremely loud, and his saliva sprayed all over the camera.
Meng Chuan's words seemed to be a rebuke of George.
In fact, Meng Chuan was also scolding himself.
He was indeed a bit too cocky before.
Now he has found himself in a dilemma.
Yingdie, who was standing next to Meng Chuan, also stared blankly at Meng Chuan.
Meng Chuan's sudden outburst of anger startled her as well.
"What are you looking at me for? Translate!"
Meng Chuan sat down irritably and gave Ying Die a light scolding.
Yingdie swallowed hard and said helplessly:
"I can't translate it."
Yingdie's English proficiency is definitely not low.
But she really couldn't translate Meng Chuan's words verbatim.
Actually, George already understood Meng Chuan's meaning without needing to translate the last three sentences.
"Boss, you're a great man. I'll set a bottom price right away."
George was moved.
George was British, but he was also a competent businessman.
He didn't think there was anything wrong with his or Meng Chuan's actions.
Capital is not charity; capital is meant to make money.
This is a matter of course.
However, despite being a foreigner, Meng Chuan had his own people in his heart.
Even the most hard-hearted person can be softened by gentle touch.
This also made him feel deeply ashamed of his previous thoughts.
For the first time, he felt a deep respect for Meng Chuan, a Chinese man.
However, what George didn't know was...
Looking at the guaranteed price of £4 that he set.
Meng Chuan's heart was bleeding.
How much money would that cost?!
There are currently 30 billion shares in circulation.
If retail investors and institutions all sell off, it will cost Meng Chuan £120 billion to bail them out.
1200 billion! That's equivalent to more than 120 billion RMB. Meng Chuan felt a chill run down his spine!
Now we can only hope that retail investors and institutions won't all sell off their shares.
Otherwise, Meng Chuan would have suffered a huge loss.
Soon, as time passed, the market began to close.
By the time the market closed, Meng Chuan had acquired nearly 20 billion shares.
That's already £80 billion spent.
"Damn it, I've really been ripped off this time."