Chapter 345: Sold at a Sky-High Price
Second day, nine in the morning.
Chen Yu was sitting in the office on the top floor of the building, staring intently at the screen of his laptop.
The moment the stock market opened, his fingers were already positioned on the keyboard.
All the floating shares put out were completely bought by Chen Yu in no time.
With this move, the privately held company of Chen Yu and Huang Ban Cheng now held more than fifty-three percent of Xiangyun Restaurant's shares.
At the same time, the funds that Chen Yu injected into Xiangyun Restaurant's concept stocks exceeded the original pricing, causing its floating shares to be priced at a premium.
That is to say, Xiangyun Restaurant had to issue more floating shares.
In fact, Chen Yu was merely exploiting loopholes present during the listing of concept stocks.