Starting as the President of a Billionaire Group

Chapter 324: Chapter 320: Abandoned Pawn

Zhu Zhi’s intentions were clear.

The Henghua Group was a blue-chip stock, and even if it was suppressed and declined a bit, it didn’t matter.

Now, the key was Wanda Pharmaceutical. If this stock collapsed, it would be a huge blow to the Zhu Family.

Thus, Zhu Zhi’s target was clear: first stabilize Wanda Pharmaceutical, then turn back to deal with the Su Group.

Sure enough, Wanda Pharmaceutical’s stock finally began to slowly rebound, and Ye Chen knew that the Zhu Family had finally taken action.

At the same time, Wanda Pharmaceutical issued an announcement.

Zheng Xiaojun immediately reported Wanda Pharmaceutical’s movements to Ye Chen and Su Wanyi.

Ye Chen’s lips curled up.

The Zhu Family had finally taken action. This big fat fish must not be allowed to escape.

”What should we do now?” Su Wanyi asked.

Ye Chen smiled faintly: ”No worries, let them get fully caught in the trap, and then we’ll close the net.”

After the market closed, Ye Chen and Su Wanyi went directly to the Modu land auction.

A land auction for the Western Suburbs of Modu was taking place here.

This auction gathered quite a few real estate tycoons from Modu.

Zhu Zhi also attended the auction in person.

Even though the stock market was bleak, the Zhu Family’s plan to enter Modu had not changed.

For Zhu Zhi, this auction was extremely important to the Zhu Family.

At the auction, Ye Chen watched Zhu Zhi with a smile.

”Young Master Zhu, you didn’t sleep well last night, did you? Your eyes look dark.”

Zhu Zhi indeed hadn’t slept the previous night. After losing several billion in one go, how could Zhu Zhi possibly sleep?

He gave Ye Chen a cold glare and prepared to leave.

However, both the Zhu Family and the Su Family were top businesses in Modu, so their seats were very close.

The auction began.

The piece of land that caught Zhu Zhi’s eye was up for bidding.

”1.8 billion,” Zhu Zhi raised his paddle.

”1.81 billion,” Ye Chen immediately raised his paddle.

...

Zhu Zhi: ”...”

Almost every time Zhu Zhi raised his paddle, Ye Chen deliberately raised it by ten million more.

Zhu Zhi was about to go mad with anger.

Moreover, Ye Chen had an uncanny grasp of Zhu Zhi’s intentions.

He could almost always control the bidding to hit Zhu Zhi’s breaking point.

”2.5 billion,” Zhu Zhi took a deep breath.

The value of this land had already exceeded its original worth. Zhu Zhi had made up his mind that if Ye Chen raised the price, he would immediately withdraw.

However, Ye Chen didn’t raise the price at this point.

Zhu Zhi won the bid for the property at a cost of 700 million more than its value.

Although he had won it, he didn’t feel any joy.

The situation was almost the same for the next few plots of land.

Whenever the Zhu Family bid for land, Ye Chen would interfere, driving the prices too high.

Each time, the land the Zhu Family acquired was for much more than initially expected.

This resulted in the Zhu Family’s cash flow breaking down.

The last golden piece of land, which the Zhu Family had been determined to get, was taken by Ye Chen after Zhu Zhi squandered too much money on frivolous purchases.

Zhu Zhi’s face turned ashen.

He was almost driven crazy by Ye Chen.

Could this guy have the Mind Reading Skill? How else could he so precisely manipulate my thoughts?

By the end of the auction, Zhu Zhi was no longer the spirited person he had been before, almost driven into depression by Ye Chen.

Ye Chen was truly insufferable.

The Zhu Family’s layout in Modu was completely disrupted by Ye Chen’s meddling.

The land they should have won wasn’t secured, and instead, they got two suburban plots.

In this auction, Zhu Zhi once again suffered a miserable defeat at the hands of Ye Chen.

Now Zhu Zhi’s only thought was to see Wanda Pharmaceutical make a comeback.

Zhu Zhi mobilized close to two billion in funds, investing it all into Wanda Pharmaceutical.

Currently, Zhu Zhi’s investment in Wanda Pharmaceutical had already reached 3.8 billion.

This barely managed to stabilize Wanda Pharmaceutical’s stock price.

However, after so much investment, the stock price did not rise; it remained at 12.12.

Seeing the stock price stable, Zhu Zhi breathed a sigh of relief.

With a big hand motion, he put in the remaining one billion as well.

Soon, the stock price rose to 12.98.

”Young Master Zhu, the stock price is up,” the assistant said excitedly.

Zhu Zhi breathed a sigh of relief.

Finally stabilized. If he could now boost the price back up, it would surely attract some investment companies to follow suit.

He would have a chance to turn things around.

This time, with the stock price suppressed, Zhu Zhi had always felt there was a mysterious black hand manipulating the whole situation.

Especially when a mysterious investigation report appeared, it was evident that someone was controlling things behind the scenes.

This report should not have been leaked under normal circumstances, yet it did leak.

Now with the stock price rising, would that black hand take action again?

What worried Zhu Zhi most were the major investment companies.

Logically, these companies all had funds in Wanda Pharmaceutical.

As the stock price fell, everyone should have been discussing countermeasures together, but they all went radio silent.

Not one of them would respond to him.

Zhu Zhi even took the initiative to call them, and they simply didn’t pick up the phone.

Suddenly, Zhu Zhi’s face changed drastically, and a situation he feared the most emerged in his mind.

”Could they be looking at me as a discard?”

Just then, the assistant rushed in in a panic.

”Young Master Zhu, it’s bad news, something big happened.”

Hearing the assistant’s words, Zhu Zhi’s face changed abruptly, nearly falling off his chair.

”What’s going on?” Zhu Zhi asked with a grim face.

The assistant also looked grim: ”Morgan, Wind Head, and Huashang, these major investment firms have issued a joint announcement... they...”

Zhu Zhi’s face turned pale: ”What happened to them?”

At this point, Zhu Zhi already had a premonition that what he feared most had still happened.

”Their group posted an announcement, confessing to the initial falsification of Wanda Pharmaceutical’s activities, and that it was due to their oversight that we took advantage,” the assistant reported the situation honestly to Zhu Zhi.

The wine glass in Zhu Zhi’s hand clattered to the floor, shattering into pieces.

What he feared most had happened.

Indeed, he had become a discard for these major investors; when making money, these guys were more proactive than anyone, but when the stock price plummeted, these investors bared their fangs completely, adding fuel to the fire.

The previous investigation report already caused an 80% drop in shares, and he barely stabilized it by propping them up with funds.

But these former allies stabbed him in this critical moment.

This was undoubtedly the last straw that broke Wanda Pharmaceutical’s back.

After this announcement, Wanda Pharmaceutical’s stock plummeted all the way, finally dropping to 1.2 yuan.

Looking at that plunging line like a rollercoaster, Zhu Zhi couldn’t hold it in anymore and spat a mouthful of blood, collapsing to the ground.

It must be said, these Wall Street investors were too cunning.

This time, they too lost a lot of money, but clearly, there was no chance for Wanda Pharmaceutical to turn around.

Enduring down with the Zhu Family was too risky.

There’s no certainty if the stock price would rebound.

So they later chose to short Wanda Pharmaceutical.

Moreover, the most infamous part was that they waited until Zhu Zhi had nearly exhausted his funds, and then they issued their announcement.

By doing so, they could also make a hefty profit from Wanda Pharmaceutical; the only pity was Zhu Zhi.

He became like a fish strapped to a board, ready to be sliced open at will.

This crash resulted in a 90% decline, forcing Wanda Pharmaceutical’s stock into an unrecoverable state.

At 1.2 yuan, this stock essentially hit the rotten stock standard.

The Zhu Family’s funds suddenly shrank by over 20 billion.

And all that money flowed into the pockets of the short-sellers.

Among them, Ye Chen and Su Wanyi were the biggest winners.