An Jinhong headed straight to confront Wei Jianping at the door. The revelation that Huijing Group was about to betray them left Wei Jianping embarrassed and suspicious of internal betrayal. Tiansheng Capital seemed an unlikely source to suspect, given their public perception as mortal enemies with Anshi Group. However, truth often defies logic.
In a surprising turn of events, the surface rupture between the two once steadfast allies led to an immediate and irreparable split. Huijing chose the path of retreat, deeming it wiser to distance themselves from Tiansheng Capital, especially in the face of a significant confrontation.
...
On Monday, September 7th, the market witnessed Huijing Group's bottom-hunting funds quietly retreating. This substantial liquidity, not originally intended for securities investment, was now withdrawn, as Huijing, not being an investment company, had initially bought Anshi Group's stock for tactical reasons. With the crisis averted, they had no choice but to swiftly exit the market. Wei Jianping was concerned about being overshadowed by An Qilong and preferred not to be entangled in the secondary market with such a significant sum.
This was no small amount, and breaking the capital and leaving in the short term was a challenging task. Leaving in a single day was impossible. The market, already fragile, was heading downwards, and with the shareholders' meeting in two days, the consensus was a bearish outlook.
The news of the extraordinary general meeting of shareholders caused Anshi's shares to plummet. By the end of the week, it had almost fallen to its place. The funds that needed to exit had already left, and most were absorbed by Huijing.
On Tuesday, September 8th, Anshi's shares experienced a slight surge just before the market opened, followed by a direct crash. With most of Huijing Group's funds almost out, they ceased their actions and caused a market crash. The entire board was closed by Huijing at 2 o'clock in the afternoon.
The much-anticipated Anshi Group Extraordinary General Meeting of Shareholders was scheduled for tomorrow. Today's stock price had reached the daily limit, sparking extensive discussions and speculations in the outside world.
After the market closed, Anshi issued a trading suspension announcement. On Wednesday, September 9, the extraordinary general meeting of shareholders was suspended for one day. On Thursday, September 10, trading resumed, and normal trading activities resumed.
...
On Wednesday, September 9th, around 8:30 in the morning, the headquarters of Anshi Group was already buzzing with activity. Internal employees were engaged in lively discussions, unable to focus on their work due to the uncertainty of the future.
Various reporters from industry media rushed to the scene. The "Antian War" would decide the final outcome today. The much-anticipated event drew spectators who had nothing to do with the situation.
The current war reports were widespread, making it unnecessary to repeat them. As time passed, various shareholders of Anshi Group rushed to the meeting site. They had been notified half a month ago and could attend in person, by proxy, or abstain from voting. Not coming.
In the pre-meeting inspection, shareholders from across the country signed in and counted the participants. Many people attended. The shareholding structure of Anshi Group was well known.
Most small and medium investors couldn't attend but kept a close eye on the situation through media platforms. Many financial media outlets were providing live reports.
"Welcome back to our program. The Anshi Group general meeting is about to begin. We can already see the live signal of the meeting. The participants are already seated, and the meeting will commence shortly."
"The recent hot topic in the capital market is the 'Antian War,' the equity dispute between Anshi Group and Tiansheng Capital. Tiansheng Capital requested an extraordinary general meeting of shareholders, proposing the removal of An Qilong, An Jinhong, and other Anshi Group directors. This has drawn significant attention as it throws a deep bomb into the capital market, and this is the focus of everyone's attention today."
"We know that Anshi Group's stock price has sharply declined during this period, and the 'Antian War' has been repeatedly in everyone's field of vision. But everyone is most concerned about Tiansheng Capital's recall. Our program group has a special page on this matter, with detailed live broadcasts and updates. Now, let's connect to the live broadcast from our on-site reporters..."
The screen switched from the host's studio to the scene. The reporter dispatched to the location paused on the screen for a moment before starting:
"...Good host, I am now at the site of the Anshi Group shareholders meeting. I can see the place is already bustling, although the official start is fifteen minutes away. What kind of attention is this gathering attracting? We will follow some small and medium investors to see their perspectives..."
After a brief introduction to the scene, the reporter began seeking interview targets among the minority shareholders in attendance. Her partner followed with the camera, locking onto the lens. After a while, they found an interview target, a middle-aged man in a suit and glasses.
"Excuse me, sir, are you a shareholder of Anshi Group? Could you please tell me..."
"I'm sorry, I'm sorry!" The shareholder being interviewed stopped and declined the interview. The reporter had to look for other targets. After a while, they found a small shareholder to interview: "Sir, can you tell us about the current situation of Anshi Group? ..."
"I'm sorry... You can interview others. Sorry, sorry."
Repeated attempts to interview small shareholders met with consistent rejection. Faced with this reluctance, the female reporter addressed the camera:
"...Well, it's evident that the shareholders present are exercising caution concerning the current situation at Anshi Group. This major event has made everyone vigilant. The small shareholders we approached declined to express any views or opinions on this matter."
"I also had a private conversation with a small shareholder who didn't want to appear earlier. They mentioned being highly concerned about who will take charge, who will become the major shareholder, and the future trajectory of this equity dispute. However, their immediate focus is on the management's impact on the stock price and Anshi's stock performance after trading resumes tomorrow... over to you, host."
Numerous financial media outlets competed to report, and small and medium investors unable to attend watched live updates through TV financial channels or online platforms to stay informed.
As time passed, the shareholders' meeting scene became slightly tumultuous with the arrival of two groups of people.
The first group was the An family and its executives, followed by the second group, Tiansheng Capital, led by Lu Ming. It marked one of the rare public appearances since Lu Ming gained fame.
Observing this scene, some small and medium-sized investors present whispered to themselves: "Oh, the jackal is no longer standing at the door of the An Group; he has already come in."
...