Lu Ming rose to prominence in the domestic capital market with the nickname "Screaming the Deer," gaining notoriety for his extraordinary feat of achieving a revenue increase of 10,000 times in three months. His reputation soared further with the establishment of Tiansheng Capital, where he achieved god-level performance in Tiansheng Pioneer Mixed Fund. In the turbulent second half of the year, while the entire capital market was facing a downturn, Tiansheng Pioneer Mixed Fund thrived, seemingly immune to market fluctuations. Its growth even surpassed that of demon stocks, earning it the moniker "Tiansheng Demon Girl."
The "Antian War," initiated by the first announcement of Anshi Group in July, became the most closely watched event in the entire capital market. The battle for control over the 550 billion corporate giant intensified, and Lu Ming's fame reached its zenith.
The ongoing "Antian War" stands out as the most intense and extraordinary battle for controlling rights in the domestic capital market. The An family, the attacking party, consists of capital market newcomers who rapidly ascended to prominence, causing ripples in the industry.
Unexpectedly, Tiansheng Capital, after making tens of billions in profits in the super market during the first half of the year, chose to withdraw precisely. The magnitude of this profit is nearly equivalent to the net profit of e-commerce giant Alibaba for half a year. This move left the industrial business owner resentful after toiling away for such a substantial period.
Lu Ming not only defied conventional expectations by daring to think about unprecedented strategies, but he also executed them. He not only accomplished these feats but also placed the management of Anshi Group in a daunting predicament.
At this juncture, the defending An family's management is tirelessly devising strategies to cope with the situation. Many brain cells have prematurely met their demise due to the ceaseless planning and contemplation.
Around 10 am on the weekend, another significant news story broke, stirring considerable controversy in the market. Reports suggested that Anshi Group, in its self-help efforts, aimed to introduce state-owned assets in Ningzhou by increasing capital and shares, making it a strategic shareholder. From the perspective of Anshi Group's management, if the Ningzhou State-owned Assets Supervision and Administration Office becomes the largest shareholder, surpassing Tiansheng Capital, it could preserve control for the current management team and act as a barrier against Tiansheng's intrusive advances.
However, the cost of this move would involve sacrificing the interests of retail investors in the secondary market and the original shareholders. Retail investors of Anshi shares vehemently opposed this additional issuance, expressing disapproval of such a restructuring approach.
Just as it seemed An Qilong had found formidable external support, a sudden turn of events occurred at 5:00 that day. The Ningzhou State-owned Assets Supervision and Administration Office issued a statement, announcing its refusal to engage in profit-seeking endeavors with local private enterprises, thereby rejecting Anshi's proposal.
Throughout the weekend, a barrage of news, both true and false, flooded the market, further complicating the already perplexing "Antian War."
Monday, August 17.
As the market opened, Anshi Group's stock retained its position as the most scrutinized and sought-after asset. Under Lu Ming's directive, Tiansheng Capital continued its aggressive pursuit of funds in the secondary market, aiming to further increase its holdings after the previous board raise.
The consequence of the frenzied fund-raising was an immediate surge, hitting the daily limit within minutes. Anshi Co., Ltd. had now consecutively reached the daily limit four times, with the first board hitting the ground limit.
The stock price, which had bottomed at 12.26 yuan, soared to today's 20.92 yuan, accumulating a remarkable +70.63% increase.
Lu Ming, on this day alone, swept 166 million shares of Anshi Group, and the selling orders dwindled. This situation signaled that Anshi's shares were now contested ground. Both sides of the "Antian War" were relentlessly increasing their holdings at all costs.
Various funds, retail investors, and speculative funds flocked to seize the opportunity, turning the market into a relay race. As long as one was not beaten, it implied that no one would reap the rewards alone. This relay, driven by emotions, became a phenomenon known as the "red envelope" market—one that could be encountered but not sought.
Both the An family and Tiansheng Capital were not short of funds. At least, they were investors unafraid to commit their money, showing no hesitation in this pursuit.
In reality, the financial resources of both sides were depleting. After shopping together up to this point, Tiansheng Capital's liquidity had dwindled to less than 10 billion yuan, a situation mirrored by the An family.
Both entities, though wealthy, were nearing the exhaustion of their financial reserves. The liquidity in Tiansheng Capital's account had diminished to less than 10 billion yuan, similar to the situation on the An family's side.
On Tuesday, August 18th, Anshi shares opened with an accelerated surge, achieving the daily limit for five consecutive boards, leaving the market astonished. This robust performance sparked memories of the phenomenal rise of two automotive giants in April.
However, in the afternoon, the Anshi Group's board took an unexpected nosedive, plummeting off a cliff. Seizing the opportunity, Lu Ming continued to buy at a low price, aggressively accumulating shares as the stock price descended.
The collapse of Anshi's stock reverberated throughout the market, with a continuous decline that seemed unstoppable. The pressure above the 4000-point mark of the main board index, insufficient upward momentum, and various negative news contributed to the weakening market conditions. After six consecutive rises, risk capital started to rise again, and disappointing announcements by the United States on the final value of PPI and industrial production in July hinted at a potential interest rate hike in September.
Adding to the challenges, the impending stock index futures delivery and substantial capital outflows further intensified market panic. Jun An's bearish outlook exacerbated the erosion of confidence.
At 13:45 p.m., Lu Ming ceased accumulation. Over two consecutive trading days, he swept 500 million shares in the secondary market, constituting 3.16% of the total share capital and burning a substantial sum of 10.7 billion yuan.
Tiansheng Capital now holds 3.66 billion shares of Anshi Group, representing 23.16% of the total share capital, with a total investment of a staggering 59.4 billion yuan. The liquidity of Tiansheng Capital has dwindled to just over 300 million yuan, leaving little room for maneuver.
Despite the dwindling financial resources, Lu Ming expressed satisfaction. Including the Anshi Group shares held in Tiansheng Value Growth Mix, accounting for 0.46% of the total share capital, Tiansheng Capital now commands 23.62% of the voting rights.
As time elapsed, Anshi's shares, which had risen from the board to the green, were hit by the market crash. Short-term funds, speculative capital, and retail investors who had flocked to reap profits hastily dispersed, akin to a scattering of rabbits.
Reaching today's highest price of 23.01 yuan, which is 25.98 yuan from the previous high, Anshi's shares demonstrated a nearly board-like scenario. The recent trend of Anshi's shares has taken on an "N" shape, with a remarkable range amplitude of 97% in a short period, emphasizing the instability of its stock price.
Market concerns heightened, pondering whether Anshi Group's "N" shape might evolve into an "M" shape once again.
Amid the turbulence, the diving on the board seemed like a looming storm cloud, intensifying the unattractive appearance of Anshi's shares. Hot money and short-term funds opted for a mass exodus to flee the market pressure, leaving the previously lucrative market teetering near its previous high.
Lu Ming, despite spending hundreds of millions, found himself overwhelmed. As he approached the crucial pressure range, a flash crash in the broader market occurred. The An family, having already expended their ammunition last week, had fired their last shots. The over 10 billion funds represented the dividends from Anshi Group since its inception, all funneled into the showdown with Tiansheng Capital.
At 14:32 in the afternoon, Anshi's shares continued to dive further as they turned green, intensifying the outflow of funds. Three unexpectedly large orders of one million lots were submitted in just ten minutes. At 14:48, a massive order of 2 million lots was thrust into the buying queue, propelling Anshi Co., Ltd. to hit the daily limit once more, with over 300,000 orders still pending.
This development left Lu Ming perplexed. The substantial midday appearance of main funds took advantage of the market dive to collapse Anshi's shares, sweeping more than 5 million hands and consuming 12 billion yuan. Lu Ming deduced that this was not consistent with the An family's business style, as they were financially strained. This large sum was evidently the intervention of another unidentified major fund.
Investors were left dumbfounded as Anshi shares, after a one-character board ascent, approached the limit, only to descend again in the afternoon, reaching the underwater limit of -8%. The absolute roller coaster ride lacked any precedent for excitement!