And of the 35 billion in cash, he invested part of it in other emerging industries, including 1 billion in the fifth round of financing of a short video platform and the pre-IPO share sale.
The largest transaction was the acquisition of Eastern China Television Network, with a total purchase price of 28 billion.
This also brought huge development opportunities to Fang Xueqing's company.
By this time, Fang Xiaoyue's fame was no longer limited to a master of Chinese painting, but an emerging bigwig in the investment world.
Indeed, in the investment world, there are many investment tycoons with billions of dollars in their hands.
But like Fang Xiaoyue, in just a few years, her net worth has risen from 100 million to more than 80 billion, which is a miracle.
I don’t know how many university professors take Fang Xiaoyue’s fortune history as a classic investment case to explain in class.
By this time, after several years of busy work, the well-known commercial company entrusted by Fang Xiaoyue had collected a lot of information about Damanfa Company.
These include but are not limited to the illegal methods used by Damanfa Company in the land acquisition process, as well as making false accounts, concealing income, evading taxes, etc.
It can be said that the history of Damanfa Company's fortune is full of misfortunes.
According to incomplete statistics from this commercial company, in the past year alone, the property management companies affiliated to Damanfa Company had no less than a hundred disputes with property owners, and there were even several incidents where property owners were injured and disabled.
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The causes of these incidents are basically the fault of Damanfa Company. For example, when handing over the house, the owner discovered that there was something wrong with the house.
Another example is that the property infringes upon the owner's rights, etc.
However, due to the extensive network of contacts established by Damanfa Company, these matters were not exposed in the media.
But now, as the Damanfa Company information was handed over to Fang Xiaoyue by the commercial company, Fang Xiaoyue immediately started the first step of the plan.
He provided money to support the lawsuits of the owners who were bullied by Damanfa Company. At the same time, the TV network he controlled and the contacts he developed in the media over the years played a role in bringing out the problems of Damanfa Company bit by bit.
The owners who had been suppressed by Da Manfa Company immediately united and filed a lawsuit in court collectively, accusing Da Manfa Company of oppressing the owners.
Hundreds of property owners collectively sued a real estate company, which had a huge impact. With Fang Xiaoyue's encouragement, the matter quickly became a hot search topic and was broadcast on the news channels of major TV stations.
There is no doubt that this sudden class action lawsuit has made Damanfa Company feel a little anxious.
He originally planned to bid for a piece of land in the suburbs of City S, but because of this incident, he lost his qualification to bid.
After that, the tax evasion and evasion problem of Damanfa Company was immediately exposed.
You know, for a company like Damanfa, if it is just a small matter, it will probably be over after paying some price, but this is tax evasion!
The State of China attaches great importance to the issue of tax evasion, so the tax department soon sent personnel to Damanfa Company to conduct a tax audit on its accounts.
The results of this tax audit not only revealed the tax evasion and evasion of Damanfa Company, but also found out that Damanfa Company has been making false accounts for a long time, falsifying financial reports, concealing losses, deceiving shareholders, etc.
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As a result, the listed and tradable stocks of Damanfa Company were immediately suspended, and many shareholders launched fraud lawsuits against Damanfa Company.
For a time, Damanfa Company fell into turmoil.
After its financial director was criminally detained, he quickly explained the relevant issues of Damanfa Company.
Based on the clues provided, the police found the real account books of Damanfa Company in the villa where the secretary of the chairman of Damanfa Company lived. In the villa of the chairman, they found secretly hidden firearms and hidden items.
The water prison under the villa.
Moreover, his private collection of firearms is related to several previous life lawsuits.
At this point, no matter how wide the Damanfa Company's network of contacts is, it will be of no use.
Soon, the chairman of Damanfa Company was detained and arrested and sent to the court for trial of related criminal and economic cases.
The wall fell down and everyone pushed it.
With the arrest of the chairman of Da Manfa Company, other companies that have economic disputes with Da Manfa Company have also joined the battle and launched economic lawsuits against Da Manfa Company.
At this time, the most terrible thing happened. Because Damanfa Company was involved in many lawsuits, the chairman and a series of senior officials were arrested for tax evasion, injury cases, etc., leaving the company leaderless and the company's order almost collapsed.
, several banks that had previously loaned money to Damanfa Company required Damanfa Company to repay the loan in advance based on loan safety guarantee regulations.
Several banks have loans exceeding tens of billions, which Damanfa Company cannot repay at all given its current situation.
You know, most real estate companies' own funds and even loan funds are tied up in land and buildings.
The bank's mandatory requirement to repay the loan suddenly seemed like the last straw.
The entire Damanfa Company collapsed as a result, and its stock fell to the floor first.
As several bank accounts of Damanfa Company were frozen, tens of thousands of employees were owed wages, and major real estate projects under construction were suspended...
From this moment on, Fang Xiaoyue knew that Damanfa Company was finished.
However, if this is the case alone, the income from the main mission will probably not be too high.
So at this moment, Fang Xiaoyue took action.
After successively absorbing some shares of Damanfa Company, when the chairman of Damanfa Company and other senior executives were sentenced to jail, he initiated the acquisition of Damanfa Company.
Due to the current situation of Damanfa Company, its stock has been lying on the floor after falling to the limit for more than ten consecutive times.
Fang Xiaoyue first used 500 million in cash to acquire 45% of the stock from the chairman of Damanfa Company and other senior executives, but they had to sell it.
If it is not sold, Damanfa Company will be bankrupt and liquidated in less than half a year.
You know, these 45% of the stock were worth at least 15 billion before the Damanfa incident.
It can be said that when the chairman of Damanfa Company signed the stock transfer agreement in prison, his heart was bleeding.
This is almost a blank slate.
After that, Fang Xiaoyue obtained 25% of the shares from some small shareholders at a higher price, and finally absorbed 10% of the shares in the stock market.
At this point, his Damanfa stock holdings had reached 80%, and he then initiated a trading suspension application for the privatization of Damanfa Company.