At The Beginning, Sell Off Your Property And Short-Sell The Parallel World.

Chapter 33 Sanyo’S Press Conference, Self-Explosion Scandal Triggers Collapse

Time came to the day of the press conference.

Sho Sasaki is wearing a suit and patiently explaining to reporters the recent rumors that happened to Sanyo Securities.

"Everyone, those who claim that we have insider trading are attacks from competitors. We, Sanyo Securities, have always been doing things in a down-to-earth manner to help customers benefit from the financial market. We have never had any illegal operations."

"I have already called the police to the police. I believe that the mastermind behind the incident will be found soon and our Sanyo Chamber of Commerce will be cleared."

Facing the flashing lights, Sho Sasaki talked with great magnanimity, as if it were true.

But in the face of repeated questioning by reporters, Sasaki Sho's patience has been exhausted.

He threw Sato Kazuro to the reporter: "Everyone, if you have any questions, you can ask our vice president. I have to leave for a while."

"President Sato, is everything Xiang-kun said true? Then why are there rumors that you have encountered high amounts of blackmail?"

Facing the live news camera, Sato Kazuro bowed deeply:

"I'm sorry to everyone. I failed to uphold professional ethics. Under the pressure of Sho Sasaki, Sanyo Securities did engage in insider trading."

Sasaki Sho turned his head in disbelief and looked at Sato Kazuro who was bowing at 90 degrees.

Is he crazy?

I'm still out of my mind.

Don't wait until he sends someone to stop him.

The reporters surrounded Sato Kazuo like sharks smelling something fishy.

The microphone was placed in Sato Kazuro's face:

"Sato-kun, is everything you said true? Why did you confess Sanyo Securities' crimes to the public?"

"Everyone, what I said is true. Sanyo Securities has been losing money for five consecutive years. I can no longer deceive myself and others. I sincerely regret and hope that the public can forgive me and Sanyo Securities."

As he spoke, he bowed again to the camera.

Crazy, completely crazy.

Sasaki Xiang collapsed on the ground. He found that he didn't recognize the Sato Kazuro in front of him.

Could it be that his submissive behavior in the past was just an act?

Just to give Sanyo Securities the most fatal blow in front of the camera today?

"Ichiro Sato, you are so cruel!"

Whether what Kazuro Sato said at the press conference is true or not is not important.

Sakura Country stockholders only know that if they don’t sell Sanyo’s shares now, they will definitely be stuck next.

The stock price immediately fell off a cliff.

In just one hour, Sanyo Securities' stock price fell by 100 yen from 618 yen per share.

A drop of 100 yen triggered the limit protection mechanism of the Sakura stock market.

Yi Zhengxue looked excitedly at Sanyo Securities, which fell to the limit.

For every 100 yen the stock fell, they made an extra $50 million when they closed.

He believed that a 100 yen drop was just the beginning of the collapse of Sanyo Securities' stock.

Sanyo Securities, which lost its credibility, was immediately rated as a "junk stock" by international financial institutions.

Yi Zhengxue's prediction was right, and it experienced six consecutive days of lower limit.

Sanyo Securities' stock price has fallen below 100 yen, which is a very dangerous collapse line.

Sasaki Sho was unwilling to sit still and wait for death, so Sakura Finance helped him lobby many financial institutions.

Most of these institutions hold Sanyo Securities stocks, and some of the stocks Yi Zhengxue leased came from them.

If Sanyo Securities goes bankrupt, all their holdings will be wiped out, but pursuing investments could be mired in trouble.

No one was willing to help Sasaki Xiang.

Yi Zhengxue looked at the stock price and found that the current price of Sanyo Securities fell to 60 yen per share. He applied to Li Xun to buy back the 50 million shares he originally sold and return the shares to the leasing institution.

This time, the short-selling profit was about US$280 million, which was just an appetizer for Tenglong.

"Okay, Zhengxue, get ready, the next round of short selling, the target is Shanyi Securities!"

Yi Zhengxue was shocked when he heard about Yamaichi Securities. This was Yamaichi Securities, one of the four major securities firms in Sakura Country.

The other party is keeping a behemoth worth 24 trillion yen. Do you have to prepare carefully to attack such a behemoth?

It seemed that he heard Yi Zhengxue's doubts.

Li Xun handed a piece of information to him.

Just taking a glance at the numbers on the materials, Yi Zhengxue felt a knot all over his body. Unexpectedly, Li Xun, who was divided into two branches of the Sakura Army, was never idle.

In just a few days, we obtained such a sufficient chain of evidence!

With these, even the intervention of the six major consortiums or the emergency blood transfusion from Fuji Bank, which also belongs to the Yingrong consortium, will not be able to prevent the collapse of Yamaichi Securities.

"Boss, I know what to do. I'm going to rent Shanyi Securities' stocks now."

"Well, don't be afraid of making too big a move and alerting all parties. Even if they know now, they won't be able to eliminate all the evidence in a short time."

"Understood, boss, I will execute it right away."

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