Chapter 1196: Launch the general offensive!

The words of the spokesperson for the US Department of Commerce are unparalleled in their power, and the stock price of 724.88 yen per share is definitely not the end for the Island Country Small Wire Industry Company.

In fact, the core business of the island's small silk industry is not aircraft safety seats, but the automotive lighting equipment on which it was founded, as well as railway vehicle equipment and lighting/electrical equipment. Aircraft safety seats are just a business developed later.

So don't even mention the possible impact of the United States' finding that the safety seats produced by the small silk industry have problems. Even if this department is directly cut, it will not cause the small silk industry to suffer, and the stock price will only evaporate by two levels at most!

However, the key now is not what impact this business will suffer, but how severely the United States will punish it!

The words of the spokesperson for the US Department of Commerce are so resolute and strong that naturally people see no hope.

Because the United States is the master of the island country, and in the Yankee style, this kind of thing is definitely possible, and it is not just a bluff!

No one dares to take the risk!

If the island's Little Silk Industry Company is really fined into bankruptcy, then the stocks held are useless. The assets will be used to repay the banks and creditors first, and the shareholders will not get a single penny.

At that time, the stocks will be worthless!

Even if it is not fined into bankruptcy, if the US Department of Commerce is ruthless, it will also drain the blood of Little Silk Industry Company, triggering a business crisis for the company, which will be sluggish for many years to come, and the stock price will also fall to the bottom, completely locked in.

If the business of Koito Industry cannot develop, the final result is still bankruptcy.

Therefore, after analysing the situation, Koito Industry has a high risk of bankruptcy, and the risk of being locked in at a low price is also very high.

As for the possibility of easily getting through the crisis?

It's too low!

Almost everyone is pessimistic.

Therefore, as long as the stock can be sold, it doesn't matter how low the price is, as long as it can be recovered for one yen, it is one yen!

When stock market investors chat, this attitude is shared by almost everyone.

So after the afternoon opening, the stock price of Koito Industry continued to plummet. By the end of the afternoon session, it had fallen to 468.44 yen per share, and the market value had evaporated by another 91.466 billion yen.

At this point, the market value of the island nation's Koito Industry Co. had fallen from the previous high of 478.877 billion yen to 163.954 billion yen, a loss of 314.923 billion yen, or nearly two-thirds of the market value!

It was truly astonishing!

Previously, Kyogen Kojiro had planned to spend 10 billion yen to buy more shares after Jiuding Securities had shorted them.

But this crisis completely exceeded his imagination, so in the face of a pure weekday inquiry, Kyogen Kojiro flatly refused. He simply did not dare to personally take out 10 billion yen to buy the bottom.

Even the original 10 billion yen of personal funds he owned were urgently disposed of and prepared to be hidden first.

Before the crisis is resolved, no matter how low the stock price falls, he dares not buy the bottom, lest he fall deeper!

He had already made the worst-case scenario and prepared to set aside funds for survival or for a future comeback.

On Wednesday morning, various unfavourable news reports continued to dominate the headlines, further fuelling investor panic.

By the time the market closed on Wednesday morning, the share price of Xiao Si Industry had fallen to 325.68 yen per share.

At this time, because the share price had shrunk so severely, there was not much room for it to fall, so although it continued to fall, the rate of decline had slowed.

After the afternoon session opened, Jiuding Securities and Xia Yu's many financial institutions began to buy in a relatively gentle and secretive manner.

The sell orders that filled the market were almost ignored, and Xia Yu's financial institutions were allowed to pick and choose which ones to buy.

By the time the afternoon session closed, Jiuding Securities alone had bought 11.5454 million shares in various accounts.

And when you add in the number of shares that other financial institutions such as Jiuding Bank, Jiuding Insurance Company, Polaris Capital Island Branch, and Wells Fargo Island Branch bought at the bottom,

in one afternoon, a total of 65,181,200 shares were bought at the bottom, accounting for 18.62% of the total share capital. The average price at the bottom was 302.14 yen per share, and a total of 19.694 billion yen was spent.

The final closing price was set at 289.55 yen per share.

At this price, Nomura Securities's unrealised loss reached 23.184 billion yen!

According to the current US dollar-yen exchange rate, the unrealised loss is just shy of 100 million US dollars!

Although it is only an unrealised loss, in the face of the current situation of Xiaosi Industry, it can actually be considered as an actual loss in the future.

Before leaving work that afternoon, Xia Yu decided to formally take action against Nomura Securities!

And the initial attack will undoubtedly start with public opinion.

Early Thursday morning, many financial newspapers reported the news – Nomura Securities had already lost more money in the first quarter than it had made in the whole of last year!

The report also listed three detailed investment losses.

After the inside story was exposed, many investment institutions lowered their ratings of Nomura Securities!

When Junpei Hyuga saw the news in the newspaper at home, he was shocked and angry. He skipped breakfast and rushed to the company headquarters.

When he arrived outside the company, he found it surrounded by reporters carrying long guns and short guns. After he entered the company with difficulty, he could clearly feel that some people inside the company were panicking, and the employees' eyes and faces revealed worry.

Without bothering to reassure the emotions of the ordinary employees, he immediately notified all executives to hold a meeting.

Soon, the conference room of Nomura Securities was filled with people, and as long as they were not on a business trip, all the executives of the parent company in the island country were present.

However, the atmosphere in the meeting room was extremely depressing. Everyone looked worried, and no one dared to breathe a word.

The first reaction of these senior executives when they saw the news was that there was a traitor in the company!

Otherwise, such detailed information could not have been leaked, and it also included confidential information from the New York branch.

You have to understand that many of them are not qualified to know about the situation in overseas subsidiaries, so how could outsiders know?

They expected the CEO to be furious at first, but they were surprised that Junpei Hinata didn't even mention the matter after the formal meeting, but went straight to the point.

'The company is now in crisis, and the morale of the staff has been affected. All departments must do their best to reassure the staff and motivate them to overcome the difficulties together.'

'There are a large number of reporters outside the company, and in the future, our company will also be the focus of the media. Everyone must not say anything carelessly, as the company will take severe punishment if it causes any impact!'

'Finally, all departments should dispose of investments that are not profitable or are losing money as soon as possible, gather funds as much as possible, and guard against unknown risks!'

'Act immediately, the meeting is adjourned!'

During this meeting, Chun Ping Xiang only spoke a few words, which together lasted less than a minute. Before the chair had even had time to warm, he stood up and led the way out of the meeting room, leaving a group of people standing up, looking at each other in confusion.