Chapter 1113: Chapter 549 New Ideas, New Understanding!_2
So when they heard that Zhao Yi had taken on a five-million-dollar project, they were very eager to get involved.
This was a legitimate way to make money!
Ruan Wenye was somewhat better off, as his family had a more substantial wealth, but he was still envious of Zhao Yi’s ability to earn so much and believed he could make even more. freёweɓnovel.com
Scientists are human too, with desires, and he wanted himself and his family to live a better life.
Zhang Qican, on the other hand, seemed quite indifferent.
As a man in his thirties and single, he hardly felt any financial pressure. After joining Yanhua University, his salary and benefits had doubled, and compared to his high school and college classmates, he was already doing very well. freewebnoveℓ.com
Upon hearing that Zhao Yi had made it onto the wealth list, he merely gave a thumbs up and sighed, "Academician Zhao really is impressive!"
Zhao Yi didn’t care about the news from outside, and even felt a bit depressed that his wealth and assets had been exposed, leaving him feeling like he had no privacy left.
Several people came to congratulate him on making the list.
Zhao Yi shook his head and said, "What’s so great about that? There’s nothing worth congratulating, it’s not like I ranked first."
"..."
Ruan Wenye, Huang Zhong, and Zhang Qican exchanged looks, not knowing what to say.
First place? Are you crazy?
In fact, Zhao Yi did indeed harbor the goal of ’becoming the wealthiest person,’ but among his many goals, ’becoming the wealthiest’ was just a minor one, as his main focus was not on making money. His investment activities were only an occasional concern.
Even without paying attention to his investments, his assets continued to rise, sometimes even unexpectedly.
For example, the actions of Star Billion Technology Company.
Zhao Yi instructed Xu Chao to invest in an optical equipment enterprise struggling with financial issues, directly injecting a substantial amount of two hundred million dollars. After telling Xu Chao, he put the matter out of his mind.
Now, the impact was felt.
This optical equipment enterprise was the New Hui Photoelectric Technology manufacturing company, a domestic listed company. Due to the lack of significant progress in optical equipment research and development and the low market demand, New Hui had not been doing well and had fallen into a financial crisis.
The CEO of New Hui, Lou Sheng, was nearly driven to despair.
Lou Sheng, holding seven percent of the company’s shares, faced calls to resign from within the company and a loss of confidence from the board due to the financial crisis.
At this critical moment, suddenly a company decided to invest in New Hui.
Lou Sheng couldn’t believe the news at first, but then he met with Xu Chao, the representative from Star Billion Technology Company, and immediately began discussing the investment.
It was certainly good news for New Hui, which was in the midst of a financial crisis and experiencing a steady stock price decline, that a company wanted to invest in it.
Lou Sheng reported the news to the board of directors, and the investment from Star Billion was unanimously approved.
It was only during the actual negotiations that Lou Sheng found out that Star Billion Technology belonged to Zhao Yi, which surprised him greatly.
Of course.
As long as there was outside capital to help weather the crisis, whose company it was didn’t matter.
In the end, the two parties struck a deal, with Star Billion Technology injecting a whopping 150 million dollars all at once, and New Hui internally issued new shares allocated to Star Billion, giving it a 19% stake and making it the second-largest shareholder of New Hui.
The substantial investment from Star Billion was certainly good news for New Hui, directly helping to resolve the financial issues.
New Hui was a small company in the stock market and even an investment of over a hundred million did not make a splash.
Now it was different.
After Forbes released its wealth list, many in the country took notice of Star Billion Technology and upon looking into its activities, discovered the significant investment made in New Hui.
Zhao Yi was a hidden investment tycoon!
As Star Billion Technology was Zhao Yi’s company, the tycoon’s movements certainly had depth. Investing in New Hui must mean he saw potential!
New Hui instantly attracted attention as well, with many individual investors reminding themselves of the past events with Red Wind Industry. Almost without thinking, they hastily bought New Hui’s stocks.
That day, New Hui’s stock hit the upper limit, and the next day, it reached the limit up within half an hour of opening.
Under the influence of Zhao Yi, the ’investment tycoon,’ New Hui’s market value was relatively small, and by the third day, many institutions and funds began to act, placing large orders in advance, causing the stock to hit the upper limit immediately upon opening.
Then, on the third day, fourth day...
New Hui welcomed seven consecutive limit-up days, and its market value nearly doubled.
Only then did calls for ’rational investment’ begin, and Lou Sheng, despite pressure, stood up and stated, "The company has only relieved the financial crisis. There has been no increase or breakthrough in technology development, scale, or profit."
"Don’t blindly follow the trend when investing."
But it was to no avail.
The case of Red Wind Industry was still fresh in people’s minds, and many had great faith in Zhao Yi. The mere presence of investors blindly following the trends was enough to support the continued rise in New Hui’s stock price.
This was mainly because New Hui’s market value was so low.
In the face of Zhao Yi’s influence, a market value of a few billion was negligible; just a bit of news was enough for a limit-up.
Lou Sheng and New Hui’s main investors felt as if it was all a dream, wishing the dream would continue and that New Hui’s stock price would keep rising.