Chapter 689: Chapter 693 – Taking par

Mitsui Chemicals was Feng Yu’s first choice. This period, Mitsui Chemicals’ share prices had dropped from 32 USD to 14 USD. This company had caused the most severed contamination in China and was fined the heaviest.

Mitsui Chemicals owns many patents for their chemical products. Just the patents alone were enough to guarantee the company’s profitability.

Feng Yu sold some of his Microsoft shares and uses some of the funds from Wind and Rain Consulting to buy in 500 million USD worth of Mitsui Chemicals shares.

With such a significant sum of money entering the stock market, there were immediate results. Mitsui Chemicals still thought it was because of the measures they had taken to save their share prices. They were overjoyed. Their shareholders also increased their stakes to continue to push the share prices up.

After that, Feng Yu split his funds into several portions and invested in several Japanese Chemical companies. These companies were similar, and they own the world’s most advanced technologies.

Now, these companies had admitted their mistakes and fired some scapegoats. They were trying their best to repair their tarnished image. They announced the donations they made to society over the years and what they had contributed to the society.

This announcement took effect. The share prices of these companies were stabilized and start to rise slowly.

Fu Rongqi led the Fu Family’s combined funds to buy in Toshiba, Pioneer and the other electronics companies shares. These companies also own some of the most advanced technologies and patents. The damaged caused by their factories in China were not very serious, and their compensations and fines were not as hefty.

Also, these companies had introduced new products and implemented promotions to boost their sales.

At this time, Warren Buffett entered the market. He bought a large number of Mitsui Chemicals shares and then start to buy in Toshiba shares.

With Buffett buying the shares of these two companies, many investors 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 this opportunity 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 the previous time. In fact, these shares should shoot up in the short term.

3 days later, Feng Yu, Fu Guangzheng, and the rest had successfully used up all their funds to acquire those shares. They start to celebrate with champagne. In just 3 days, they could see the profits. After deducting the cost of spreading rumors and suppressing those share prices, they had already made high profits.

“Hahaha, Nephew Feng, 1 month, at most 2 months and we can all reap the profits.” Fu Rongqi said while holding on to his champagne glass.

“We will dump all our shares and let their share prices plummet again. We will give them a sad New Year.” They were helping those companies to increase their share prices for the high returns.

When there were enough profits, Feng Yu and the rest will dump all the shares in their hands. This will cause the share prices of those companies to drop. The drop might not be severe, but the share prices will undoubtedly 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 those companies shares and have to bear the losses for those companies.

Fu Rongqi and Feng Yu looked at each other and laughed. This cooperation had helped these two to make more than 30% of profits. It might even reach 50%!

You are reading story Extraordinary Genius at novel35.com

This was a good investment which allowed them to make this high profit in the span of 1 to 2 months!

This was also not a risky investment. The risk was very low unless those companies do stupid things again and have negative news about them. The Japanese Government had paid a heavy price for these companies, and the Chinese Government had stopped pursuing this incident.

In China, the news no longer reports on these Japanese companies. Instead, the news now focuses on the visits to China by the leaders of several nations. These leaders were coming to China to seek cooperations.

These countries wanted to cooperate in many areas, like economic, culture, technology, and even military. They just wanted to have a better diplomatic relationship with China.

Some third world countries, which had been sitting on the fence, started to lean towards China. After all, China was one of the permanent members 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 that they have what it takes to go against another developed nation and won.

……

“Dad, they had bought the shares of those companies. It seems profitable. Should we also follow them and buy some shares?” Li Zeju was a bit jealous when he saw the returns.

At first, Li Zeju had the same thinking as his father. He did not want to get involved in the stock market. After all, they were not in financial trade.

But now, Li Zeju could see this opportunity to make money clearly. Even if the profits were lower and they exit the market earlier, they will not suffer any losses. If they were to sit out on this opportunity, he would feel uncomfortable.

“That’s right. Dad, let’s join them. Fu Rongqi had persuaded several Hong Kong families, and they had also invested. Everyone is working together to push up the share prices of those few companies, and then, everyone will 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 an excellent opportunity to make money? I only want to see how you all will act in front of high profits.”

Li Zekai and his elder brother exchanged looks and then bow down. Both of them could not control themselves in front of high profits.

“Also, this operation is led by the Fu Family. If we participate, we will be lower than them. Can you all tolerate that?” Superman Li asked.

Li Zekai immediately said: “Why is the Fu Family higher than us? 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 as long as the other party can prove that we will not lose money in this investment. Zekai, the biggest investor in Tai Hua supermarket corporation, is Feng Yu. Why are you willing to accept that? Are you trying to say that Feng Yu is more powerful and influential than the Fu Family?”

Li Zekai immediately understood what his father was trying to teach them. It does not matter whether winning or losing. It’s the end results and profits that matter. If he could let Feng Yu be the biggest shareholder of Tai Hua Supermarket, why can’t he let the Fu Family lead this operation?

“Dad, I understand. Everyone will have something they are good 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 to negotiate with those companies to let our ports cooperate with them. Their share prices will surely increase because of this negotiation. But we will not sign any contracts with them and drag this matter. After everyone had dumped their shares, we will announce that our negotiations had broken down and let their share prices plunge further!” Li Zekai said.

“this way, which will still want to stop at our ports? We cannot do this. It will harm our company’s reputation. We will just use some of our funds to buy their shares and earn some profits with the rest. How can we not participate when so many influential families from Macao and Hong Kong had taken part? This time, we do not need to do anything and just follow the rest to make money.”

You can find story with these keywords: Extraordinary Genius, Read Extraordinary Genius, Extraordinary Genius novel, Extraordinary Genius book, Extraordinary Genius story, Extraordinary Genius full, Extraordinary Genius Latest Chapter