in2ebook Chapter 492 The Soaring LVMH Stock!
Chapter 492 The Soaring LVMH Stock!
After standing in front of the Plaza Hotel for a minute, the former US No. 1 finally drove up.
Wang Xiucheng seemed to still be angry. He yanked open the car door and got in, ignoring Mary who was next to him.
The hotel staff bent down and opened the car door, and Mary got into the car expressionlessly.
The vehicle soon left the hotel.
The staff member frowned slightly. Wang Xiucheng and Mary had left so quickly. The auction shouldn't have started yet. What happened?
Just then, a younger staff member came out of the hotel. Seeing that no one was around, he took out his phone and glanced at it.
The next moment, he exclaimed in surprise, "Fuck, Wang Xiucheng is actually fighting with Arno over a woman right here?"
Upon hearing this, the staff member also took out his phone and glanced at it. The next moment, his eyes widened in shock.
But soon, he yelled into his phone, "Are you all crazy? You dare to record this kind of video? How many heads do you have? Aren't you afraid of dying? Delete it right now..."
……
As soon as they got into the car, Mary hooked her arm around Wang Xiucheng's arm again.
Wang Xiucheng did not stop her, but remained somewhat angry.
Mary glanced at Wang Xiucheng's profile and suddenly laughed, "If I didn't know you, I would have really thought you were angry."
Wang Xiucheng tilted his head and glanced at Mary. "I'm really angry."
"Alright, stop pretending. It's come to this point. Tell me your plan," Mary said softly, holding Wang Xiucheng's arm with both hands.
Upon hearing this, Wang Xiucheng could only chuckle.
Wang Xiucheng wasn't surprised at all that Mary had figured it out.
"The moment the market opens tomorrow, have the company buy up as many LVMH shares as possible, and do it quickly," Wang Xiucheng said.
"You've got your eye on LV?" Mary asked, puzzled.
“No.” Wang Xiucheng shook his head: “It’s just making some money. Besides, LVMH owns 12.4% of YG’s shares. To get them to willingly give it up, we have to use some tricks.”
Mary remained silent upon hearing this.
It turns out it was for YG.
Although she knew why Wang Xiucheng did this, she still decided to help him.
The biggest difference between LVMH and Chanel is that LVMH is a publicly traded company.
Chanel, like Marie Antoinette's Koch Industries, was entirely family-owned.
Since it is a listed company, it is possible to legally own a portion of the company's shares through acquisition.
Mary reached out and straightened Wang Xiucheng's collar, which was now without a tie, and whispered, "I've had a few outfits made for you. Would you like to come to my house and try them on?"
Mary's voice was very soft, as if she was afraid that Wang Xiucheng would disagree.
Upon hearing this, Wang Xiucheng nodded. "Alright. By the way, have someone prepare some late-night snacks. I'm hungry. The pastries at the auction were terrible."
Upon hearing this, Mary immediately smiled and took out her phone to make arrangements.
Wang Xiucheng shook his head inwardly. He had just used Mary; if he refused even this request, he would be too inhuman...
Wang Xiucheng came to this charity gala tonight specifically for Frederick Arnault.
Wang Xiucheng had not expected Lisa to appear here.
This actually saved Wang Xiucheng a lot of trouble in getting to know Frederick Arnault through other means, and even incurring some conflict with him.
Women have always been the biggest source of conflict for men.
However, Wang Xiucheng didn't completely take advantage of Lisa.
Wang Xiucheng gave Lisa a choice: if she ultimately went with him, he wouldn't mind having another close sister.
Wang Xiucheng knew that Lisa's family background was very ordinary, not some wealthy family or related to the Thai royal family.
These are all just marketing ploys by the brokerage firm.
If that were true, Lisa's mother wouldn't have married a foreign chef.
Therefore, Wang Xiucheng understood why Lisa and Frederick Arnault were so close.
However, Lisa ultimately chose Frederick Arnault instead of him.
That's it.
……
Midnight, 12 o'clock.
A room on the top floor of a building in New York.
An old man wearing a black sweater sat in a chair, looking at the young man in front of him.
"What did I say? Have you forgotten?" The old man seemed very angry, so much so that he leaned forward slightly.
"Dad, I didn't intend to have anything to do with Wang Xiucheng. He came to me on his own," Frederick Arno said softly, his head down.
"Where is that woman? Was she also someone Wang Xiucheng found?"
Frederick Arnault kept his head down. "That's my girlfriend."
The old man stood up, his voice several decibels louder: "Now the whole family knows that my son got into an argument with a basketball player at a charity gala over a woman."
"That's fine, but the guy playing basketball is actually Wang Xiucheng."
"Did I say that I shouldn't have anything to do with Wang Xiucheng?"
"But you ignored it all."
"Dad, I know I was wrong." Hearing his father's voice getting louder and louder, Frederick finally gave in.
I was scared too!
"You should leave now and go to Paris for a while." After saying this, the old man walked towards the door without waiting for Frederick's reply.
After taking only a few steps, before even leaving the room, the old man asked, "That woman?"
“Dad, I like her very much,” Frederick said quickly, as if afraid that his father was about to do something.
Upon hearing this, the old man said nothing more, opened the door, and left.
Only then did Frederick plop down in a chair.
By this time, even his back was soaked.
……
Just as Frederick arrived in Paris.
Wang Xiucheng, Mary, Cai Congxin, and Jassim's company began to aggressively acquire LVMH shares in the capital market.
According to publicly available information, Bernard Arnault alone holds 48% of LVMH's shares.
Therefore, it is impossible for Wang Xiucheng to truly control LVMH.
At most, less than 20% of LVMH shares are available for acquisition on the market.
Most of the shares are held by major capital firms, such as Goldman Sachs and BlackRock.
Once these companies hold shares in a company, they rarely change hands frequently.
Fortunately, Wang Xiucheng did not intend to control LVMH.
Soon, before noon, Mary had already acquired a large number of LVMH shares.
If it weren't for the lunch break, Mary would probably still be making the purchase.
Throughout the noon, a rumor circulated in the capital markets.
Wang Xiucheng and the third son of LVMH got into a fight yesterday at a party over a woman.
Wang Xiucheng even lost his tie after it was beaten so badly he couldn't find it.
Regardless of whether the news is true or false, and regardless of why Wang Xiucheng, a professional NBA player, was beaten so badly.
But this news has made the entire capital market watch the spectacle.
This morning, it's not so hard to understand why the company in which Wang Xiucheng holds a stake began aggressively acquiring LVMH shares.
Throughout the morning, due to Marie's aggressive acquisitions, LVMH's stock price rose from around 150 to 168, an increase of 12%.
And it looks like the price will continue to rise this afternoon.
Throughout the morning, many retail investors followed Marie Antoinette's lead and rushed to buy LVMH shares.
During the midday recap, it was discovered that the Fertitta family had also acquired more than 4% of LVMH's shares.
That's not all. David Wertheimer, a member of the Wertheimer family behind Chanel, was also found to have acquired nearly 2% of LVMH's shares through his personal account.
This was interpreted by the capital market as the Wertheimer family taking action against their competitor, LV!
This discovery prompted many investors to raise funds, preparing to rush into the market to buy LVMH shares as soon as the market opened in the afternoon.
Capital is like a swarm of mosquitoes; they fly wherever there's a smell of blood!
LVMH's stock price has clearly been driven up, so whoever buys LVMH stock now is essentially making money for free.
As a result, both retail investors and major capital firms came looking for this opportunity.