Almost immediately after Yule’s domineering remarks, the share prices, which were steadily rising shortly after the limit was opened, suddenly seemed t o be rocketing and directly hitting the up limit.
A large number of institutions and investors were keeping an eye on the press conference. When they heard Yule's words, they immediately had full confidence in Yule, and they were optimistic about the future performance of the Golding Group. They had even higher confidence in the Golding Group compared to before he had fallen ill! 9
Therefore, everyone began desperately buying all the shares of the listed companies under the Golding Group which were still available on the stock market, and the share prices suddenly reached its up limit for the day. 6
In the blink of an eye, the share prices reversed immediately, and the entire financial circle was instantly detonated. 6
The reason why everyone was so optimistic and confident about the Golding Group was not just because Yule looked extremely healthy. It was also because Yule had already obtained the absolute 51% voting rights in the entire Golding Group now!
Prior to this, the three brothers in the Golding Group had jointly held 51% of the shares and voting rights.
Although Yule owned more than half of the 51% of shares, whenever he wanted to implement any decision or proposal before the board of directors, he would always have to gain the vote and support of his other two brothers or some of the minority shareholders to exceed the shareholding ratio to vote i n favor of his decision or proposal. 11
There was no need to do so now.
Yule had already fully achieved the goal of speaking and making all the decisions alone. From now on, his control over the Golding Group would have already risen to an unprecedented new height.
This had strengthened the confidence that the institutions and investors had in Yule.
If they had confidence in him, they would naturally have confidence in the Golding Group.
If a person had confidence in a company, they would also have the confidence to hold onto the company's stocks. 8
So, that was the reason why the share prices skyrocketed! i
Yule did not continue talking much to the reporters at the scene. After explaining the few issues he wanted t o touch on, he said, "In the future, the Golding Group will put up twice the effort to repay the shareholders and investors for their trust in the Golding Group. Please have faith in us, and we will surely give you a satisfactory answer!”
After that, Yule concluded, "The press conference will end here today. Thank you all once again for coming here today.”
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