"Have you tasted the sweetness, so you just keep staring at the fleshy bones of Dongjiang Securities?" Ge Jun kept staring at Cao Mo when he saw him talking, patted his slightly bald forehead and said, "Dongjiang Securities Real Estate Trust Investment

It’s not that funds can’t be borrowed at low interest rates, but they must be convertible bonds; and the conditions are quite harsh, I wonder if you can accept it?”

Currently, in the trust market, there are basically no low interest rates, and most of them are short-term loans.

Tianyue Industrial does not want to pile up unnecessary financial costs. At this time, if it wants to get a loan or loan with a low interest rate and a long term, it has to accept some other conditions.

Convertible bonds, that is, the conditions for converting equity are stipulated when the loan occurs. When the bond matures, the creditor can get back the principal and interest according to the agreed interest, or it can convert all or part of the creditor's rights held into the company's equity according to the agreed conditions.

Equity.

The real estate trust investment funds under Dongjiang Securities also often use this method to control risks.

What needs to be negotiated at this time is, in addition to interest and lending period, the convertible price is more critical.

"It's completely acceptable. Besides, everyone knows that I'm not greedy at all. I won't offer a high conversion price to Dongjiang. I'm just worried about whether you can lend enough funds. How about Mr. Qian, would you also consider it?"

"Cao Mo said, "We will actually inject another 200 million yuan, and Tianyue will agree on a convertible stock price in three years based on the total valuation of 800 million, and sell convertible bonds to you two. This condition should be considered relatively loose, right?"

"I kind of understand why Dong Chengpeng bothers you," Qian Wenhan slapped his forehead and said jokingly, "You are just doing this to add fuel to the fire. I only spent 10 million to invest in Tianyue Industrial, and the next additional capital injection will only be

We need 10 million, but if we want to share convertible bonds with Dongjiang Securities, we still have to take 200 million, why do I feel like I have boarded a pirate ship and fallen into a bottomless pit?"

"This depends on what expectations you have for Tianyue Industry," Cao Mo said with a smile, "If Tianyue Industry's operating performance is not satisfactory, you can at least take away the principal and interest. I will bear the greater losses, but you

Think about it, what if Tianyue has good development prospects? When the time comes, Sun Hung and Dongjiang’s combined shareholding will only be 7 points, is it too low? Now that you have obtained 400 million convertible bonds, by then

When the time comes, all the debts will be converted into equity, and the shares of your two families will be close to forty points, so this meaty bone will be chewy!"

"Building cars is a big pit. If Tianyue Industry really wants to develop well in two or three years, it will inevitably need to board a newer and higher platform. And I don't know how much capital will be needed, and how many shares will be taken away."

Divided." Qian Wenhan said with emotion.

"Tianyue Industry may be a big pit. You need to ensure that you have enough shares now to avoid being wiped out in the future!" Cao Mo said, "I don't have much contact with domestic investment companies. I think New

There is still a difference between Hong and Huamao. In addition to making more money with old money, you obviously still think that Xinhong's investment can promote the development and accumulation of domestic industry and technology; this also means that Xinhong

You need to take more risks than Huamao, and you have to endure more loneliness."

The self-operated department of Dongjiang Securities has its own decision-making mechanism, and Ge Jun is not the only one who has the final say. However, the long-term cooperative relationship between Qian Wenhan and Dongjiang Securities has given Qian Wenhan a strong influence not only on the top management of Dongjiang Securities

, also has a deep status and reputation among the major investors of Dongjiang Securities.

Tianyue Industrial is not a listed company, and it does not have much reputation or deep foundation in China. If it wants to issue such a large-scale convertible bond all at once, it will inevitably be strongly questioned within Dongjiang Securities.

Only when Qian Wenhan gets involved and even takes on more shares will things go smoothly.

With the stronger endorsement and financial guarantee from Qian Wenhan and Dongjiang Securities, negotiations with Huachen will be easier and the internal resistance within Huachen can be resolved.

"Look at the hat you put on me!" Qian Wenhan said with a smile, "The board of directors of Tianyue Industrial is re-elected. Are you planning to drag me in?"

Although Qian Wenhan has long been capitalized and Xinhong Investment no longer has any direct management and operation entities, as a pure investor, he has long held the equity of Xinhai Gold over the years and continues to support Zhou Shenhe in taking charge.

Xinhai Gold Industry was indeed criticized by Cao Mo for its weakness.

For general financial investments, even if the shareholding exceeds a certain proportion, you are eligible to be elected to the board of directors. However, Sun Hung has many qualified investment managers who can serve in participating companies on behalf of Sun Hung Investment. Qian Wenhan cannot have too many

With all his energy, all the directors of the participating companies are concurrently appointed.

If he has to hold concurrent posts, he will only hold concurrent posts as a director or other positions in participating companies that occupy an extremely important position in Sun Hung Investment's territory.

At this time, seeing Qian Wenhan express his willingness to personally join the board of directors of Tianyue Industrial, Shen Ji, Chen Rong and others knew that it was done.

"Then it's settled. I'll call Xu Bin and Huang Yijiang later and ask them to report to you when they arrive at the company!" Cao Mo said, "When I come back this time, there are too many things. It's impossible to start from scratch.

If Wei is involved in the negotiations with Hua Chen, I can only count on you and Mr. Ge to support Xu Bin and the others..."

"Hey, I regret handing over this pole now, but you can't climb so fast!" Qian Wenhan cried bitterly. Unexpectedly, as soon as he nodded, Cao Mo didn't discuss the specific agreement.

Throw all the trouble on his head.

"When Xu Bin came out from Huachen, he was the regional sales manager, which may have been a slightly higher status than mine at Dongsheng. If there was no one to support them, I'm worried that the negotiation would be ugly!" Cao Mo said.

.

Although Huachen Group is willing to negotiate with Tianyue Industrial due to the situation and the withdrawal of other buyers, it does not mean that the resistance of Huachen Group does not exist.

Qian Wenhan, who plays a decisive role in the Xinhai industry and investment fields, can directly participate in the negotiations, which obviously has different meanings and the time is too tight. Cao Mo saw that Qian Wenhan was interested in the future development of Tianyue Industry, so he

Drag him directly into the water, so Han Shaorong will mistakenly think that he and Qian Wenhan have been discussing this matter for a long time, and it's very deep, right?

"Mr. Chen doesn't have to go to Dongsheng recently, right? Tianyue Industrial has no plans to participate?" Qian Wenhan looked at Chen Rong with interest and asked.

Chen Rong resigned from Dongsheng as senior vice president of the parent company Dongsheng Holdings, vice president of the listed company, and director of Dongsheng Holdings, and was finally retained by Ding Zhaoqiang. At the same time, she personally still holds 3% of the shares in the listed company.

The listed company Dongsheng Group, which retained its directorship as a listed company, disclosed this to the outside world. Qian Wenhan and Ge Jun were all aware of this matter even if they did not have much interaction with Chen Rong.

Chen Rong smiled bitterly and said: "How to solve Dongsheng's debt problem is still up in the air. I personally have some wealth, which is locked up with Cao Mo in Dongsheng Group and Dongsheng Real Estate. He can do a good job on his own."

, I can’t put my finger on it. If I had some spare funds, I would participate, but now I have to take it one step at a time.”

When Dongsheng Group's market value was at its highest, it was also the peak of the last bull market, reaching 30 billion.

At that time, Chen Rong's personal net worth also increased by leaps and bounds, reaching over one billion.

However, Ding Zhaoqiang may be self-willed and has strong confidence in Dongsheng. In short, he personally does not want to secretly manipulate Dongsheng's stock price for profit, nor does he allow Dongsheng's senior executives who hold shares to make profits from it.

Those shareholders who only make financial investments in Dongsheng will not be subject to Ding Zhaoqiang's restrictions on reducing or increasing their holdings of Dongsheng's stocks. However, if Dongsheng's senior executives who hold shares want to reduce their holdings of stocks, they will automatically receive the bonus six months after resigning.

The right to reduce shareholdings must either be approved by the board of directors of the listed company, and the shareholding reduction is only allowed after making corresponding disclosures to the outside world.

When Dongsheng's market capitalization reached its peak, no one thought of reducing their holdings, but Ding Zhaoqiang never allowed it.

In order to increase her personal capital injection into Dongsheng Real Estate, Chen Rong only obtained Ding Zhaoqiang's approval to reduce her 1% stake in the listed company when the market value of the listed company Dongsheng Group exceeded 20 billion.

The current market value of Dongsheng Group has fallen below 8 billion and has no sign of stopping the decline. From this point of view, Chen Rong made a very correct choice when she reduced her 1% stake in April and May last year to receive 200 million in cash.

However, Chen Rong invested all the funds obtained from the reduction in Dongsheng Real Estate and increased her personal shareholding in Dongsheng Real Estate to 4%. It is not yet known whether this investment decision is right or wrong.

Not to mention Shen Ji, Chen Rong also hoped to turn the topic to Dongsheng's debt problem. However, Qian Wenhan felt that it was not the time to talk about this yet. He raised his wrist, pointed at his watch and said to Cao Mo: "I

My daughter had a golden retriever, but she only kept it for half a year. Now she got tired of it, so she left the dog to my place. I am now responsible for walking the dog every day, so I won’t delay here. I have walked the dog for about ten years.

You will arrive at the company around one o'clock. You ask Xu Bin and Huang Yijiang to go directly to me to see how to negotiate with Hua Chen..."

"OK!"

Cao Mo stood up to see Qian Wenhan and Ge Jun off, but Qian Wenhan stopped him and said, "Pull him down, you can just sit here and continue talking. Do Lao Ge and I still know the way?"

"By the way, that little girl Chen Chang is pretty good. She has a smart mind, is professional, and is willing to work. If you don't have any positions for her here, I'll consider letting her be a deputy manager first and lead a business team to see if there is any.

There is no potential for further training..." Ge Jun thought of something when he went downstairs and told Cao Mo.

Chen Chang knew Cao Mo, and had a good personal relationship with Cheng Xi. Ge Jun didn't know if Cao Mo had any other arrangements for Chen Chang, so he had to say hello before promoting her.

"Okay then, you should be promoted quickly, and while I'm back home this time, I can have a few more meals with Cheng Xi!" Cao Mo said.

"Old Qian still doesn't want to talk about Dongsheng!" Shen Ji said with emotion as Qian Wenhan walked downstairs through the window and Ge Jun waved goodbye again.

"..." Cao Mo shrugged and said with a smile, "No one's money comes from strong winds. Your uncle still has illusions about Han Shaorong and is unwilling to lower his head. There is no way he would ask me to hold Qian Wen by force."

Han go and beg him?"

Shen Ji shook his head helplessly and said, "I'm avoiding him now in the company, let's see..."

"Are you going to work later, or are you going to Jiaying's place with us?" Cao Mo asked, looking at Cheng Xi who had only now calmed down.

"I'm not qualified to skip work!" Cheng Xi stuck out his tongue and said.

"It's almost nine o'clock, let's take you to work first!" Cao Mo raised his hand and looked at his watch. Unknowingly, he sat in Dingfeng Building for more than two hours, dragging Cheng Xi with his father. Chen Rong said goodbye.

Cao Mo first sent Cheng Xi to his work unit, and then took Shen Ji's car to Muxiang Capital, just in time to catch up with the opening of the stock market.

Now that the critical moment has come, Cao Jiaying did not dare to be careless. She rushed to the company very early, pulling Cheng Xin and Wu Ruifang to analyze the information that came in like a tide after the night passed, and discuss countermeasures.

She didn't even have time to rush to Dingfeng Tower to have morning tea with him.

Xinyihua's management of its fund managers may not be very strict, but it is unlikely that fund managers will be allowed to casually cross the bottom line of some rules and trigger direct supervision by state agencies.

Therefore, even if Shi Mingde is acquired by the Lu family and uses New Ehua's funds as Taihuato's share price, it is easy to calculate the upper limit of Shi Mingde's capital transfer by comparing New Ehua's supervision and risk control requirements for each of its funds. where.

This can also roughly be speculated that the time when Han Shaorong finally triggered the Thai-Chinese debt crisis was within these two days.

In the past few days, Cao Jiaying, Cheng Xin, and Zhao Cheng, who is responsible for cooperating with the operations here as the risk controller, have all been as nervous as if they were on the battlefield.

"There's no need to be so nervous..." Cao Mo, who would not miss a good show, walked into the independent trading room with Shen Ji and saw Jiaying, Cheng Xin, Zhao Cheng and two other researchers standing there. There was only one young female trader sitting in front of the computer screen, and even he felt that the atmosphere was extremely tense.

"You can stand without pain in your back. Whether Mu Xiang can stand up or not depends on this battle!" Jiaying glanced at Cao Mo and said angrily.

"My back really hurts!"

Cao Mo pulled up a chair and sat in the corner of the trading room.

In addition to a computer on the female trader's desk, there are also multiple screens hanging on the wall, which update the time-sharing trends of major indexes and focused stocks in real time for everyone to see at a glance.

To be honest, he talked with Ge Jun and Qian Wenhan for two hours as soon as he got off the plane. After sending Cheng Xi back to his unit, he rushed here again. Cao Mo felt tired to some extent.

I crossed my legs and stared at the screen, but I couldn't help but yawn.

It can be said that the market is still falling.

When I returned to China in early September, I saw many comments saying that the Shanghai Composite Index had reached its extreme limit when it fell to 2,000 points. A month later, the Shanghai Composite Index was seen to rise and fall. At this time, it had fallen below 1,800 points.

Cao Mo managed money on behalf of his clients and gave the 20 million to Muxiang Capital. Although the account loss was not large, he did not make half a dime of profit.
To be continued...