After Hongye Building Materials spent 62.5 million buying 500,000 hands of sell orders, the fierce downward trend finally stabilized a bit. Although it was still in a downturn, it was clearly much better than the previous crash.

The head of the trading team wiped the cold sweat and quickly said to Zhu Hongye, "Chairman Zhu, it seems like our efforts to stabilize the market have had a noticeable effect. The market has clearly been controlled!"

Zhu Hongye's grim expression eased a little, but he knew that he wasn't in a position to celebrate yet, and continued to give orders.

"Buy another 500,000 hands! Get the market value up to 6.8 billion!"

"Understood!"

With a good omen from earlier, all the traders felt slightly relieved, and the atmosphere in the trading room was somewhat more relaxed than before.

Comments began to appear in the stock market forum for Hongye Building Materials after these operations.

"What's going on? Why did the stock price climb back up to 1.3? Is someone trying to stabilize the market?"

"It should be Hongye Building Materials raising funds to support the market... After all, they have been playing dead for so many days without even issuing an announcement. If they don't act soon, the market value might drop below 4 billion at this rate."

"Do you think I should ride the current trend of Hongye Building Materials stabilizing the market and make a reverse move, buying some more stocks? Is there a chance of making a profit from the big players?"

"Nothing more to say, brave one! The rooftop is ready for you."

"Seriously? You're still willing to trust this stock at this point? Do you have a death wish? I've already closed my position and got out, losing over a hundred thousand, but at least I didn't lose everything."

"I think the guy who talked about making a reverse move makes a lot of sense. It might actually be an opportunity."

The timid starve, the bold are stuffed.

Quite a few people weren't just talking; some had already started buying back Hongye Building Materials stocks.

This brought the previously reduced market value of Hongye Building Materials, which had fallen to 6.4 billion, back up to 6.8 billion in a short time, and it stabilized.

Meanwhile, at the Black Swan Group, Gu Bai, who was closely monitoring the stock market dynamics, smiled when he saw that the 1 million hands of buy orders had managed to stabilize the relentless crashing stock price.

Gu Si and Gu Xin had transformed into two top-tier traders, remotely directing the hidden traders manipulating Hongye Building Materials' stocks.

Gu Bai squinted, watching the gradually rising stock price, and let out a cold chuckle.

"Dump it!

Zhu Hongye swallowed a million hands, right? Then dump a million hands, throw out 100 million shares!"

Upon receiving Gu Bai's command, Gu Xin and Gu Si issued Gu Bai's orders through their respective earpieces, and the previously stabilized market once again descended into turbulence.

In the trading room of Hongye Building Materials, the team leader, who hadn't had time to wipe his sweat, was frightened half to death by a shout from his subordinate trader.

"Leader! Just now, there were 1 million hands of sell orders placed, and the stock price is falling again!"

The trading team leader dared not speak at this point but carefully looked at Zhu Hongye, waiting for his command.

Zhu Hongye knew that the initial decline was caused by retail investors, and this 1 million hands dumped in the short term was clearly a premeditated effort to crash the market. As for who was behind it, Zhu Hongye was clearer than anyone.

"Buy! Buy them all! However many sell orders they place outside, we'll buy them all!"

In an instant, a war without smoke began.

In the domestic stock market, stocks usually tend to remain stable, and rarely do stocks experience such dramatic fluctuations as Hongye Building Materials did. This situation immediately caught the attention of many investors.

In ten minutes, Gu Bai had dumped a total of 2.5 million hands, which was a complete 250 million shares.

During these ten minutes, not only Gu Bai but also many retail investors, unable to withstand the pressure, sold their shares, totaling 1.5 million hands combined.

Zhu Hongye swallowed all 400 million shares.

Calculating at the current price of 1.3 yuan per share, Zhu Hongye spent 650 million to buy these 500 million shares, meaning that, coupled with the 100 million already spent to stabilize the market, he only had 250 million left from the 1 billion loaned from the Construction Bank. Even including the company's reserve funds, the liquid funds Zhu Hongye could operate with were less than 400 million.

Fortunately, the 750 million did not go to waste; Gu Bai's series of offensive moves were completely blocked, and the stock price continued to stabilize.

Gu Bai, having seen his 2.5 million hands all being bought up by Zhu Hongye, remained calm, lit a cigar, sank into a pure black leather sofa, crossed his left leg over his right, and wore a look of comfort and enjoyment as he savored the rich aroma of the cigar in his mouth.

He was well aware of Zhu Hongye's specific funds.

As a top-tier client of the Construction Bank, he had inquired thoroughly from the moment Zhu Hongye took out the loan. Although the bank has confidentiality agreements, these so-called agreements are nothing more than scrap paper in the face of interests.

Gu Bai slowly exhaled a puff of white smoke and softly said to Gu Xin and Gu Si, "Sell them all."

From the moment Gu Bai issued the command, a total of 300 million shares, nearly one-seventh of all circulating shares, were instantly listed as sell orders.

On the other side, seeing such a massive rush of sell orders, the team leader of Hongye Building Materials' trading group grew nervous once more. Today was undeniably the most thrilling day in his years as a trader, dealing with operations measured in billions. If they could survive today and emerge victorious, he might indeed become one of the top traders in Hua Country's stock market.

Zhu Hongye also witnessed the listed sell order, but this time he did not panic; instead, a sense of delight surged within him.

Now, holding nearly 700 million shares while the entire market had only 1.56 billion circulating shares, he dared to assert that these 300 million shares were Gu Bai's final move. As long as they withstood this, the stock market aspect would be stable.

"Buy them! Buy all 300 million shares!"

After another round of operations, the traders used their remaining 400 million to buy up these 300 million hands of sell orders.

The stock market calmed down once more.

Zhu Hongye also breathed a heavy sigh of relief, and all the shareholders of Hongye Building Materials collectively relaxed.

"Chairman Zhu, your experience is unmatched. If you hadn't anticipated and taken a 10 billion loan earlier, I'm afraid the company's stock crisis might not have been overcome!"

"Indeed, couldn't agree more," chimed in the others.

As he listened to the compliments from the shareholders, Zhu Hongye's face remained expressionless.

During the two days he was taken away for investigation by the Securities and Exchange Commission, the company had turned into a scattered bunch. Even a major issue like the breach of contract by the three giants couldn't be properly addressed, waiting for him to come out and handle it.

Now he truly understood the kind of people the term "useless sycophants" was meant to describe.

Given that the turmoil of Hongye Building Materials had far-reaching impacts, all listed companies in Shanghai, to varying degrees, were affected. The stock forums of various companies were buzzing with discussions.

"Thrilling, utterly thrilling! Watching this drama unfold for over an hour was incredibly exciting. It seemed like a financial war, even though it was only about 1 billion in operations, in total. It seems like Hongye Building Materials has stabilized the stock price?"

"It looks stable to me. I just checked, and a total of 800 million shares worth of sell orders were bought up, which means Hongye Building Materials is fully prepared, and there might still be a lot of funds ready.

Shareholders of Hongye Building Materials shouldn't be in a hurry to sell now. Perhaps when Hongye Building Materials bounces back, the stock price might even recover to some extent."

"I don't think it'll end so easily... Hongye Building Materials pulling over 1 billion might be their limit. If anyone else adds another straw right now, it might really crush them..."

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