Zhang Yida deliberately didn't mention the pledge, just to tease Chen Shaojie.
Chen Shaojie could also hear the ridicule in Zhang Yida's words, which made him feel a little relieved.
There is still help! Mr. Zhang must have wanted to give himself a hand by asking this.
So he explained honestly, "I pledged US$10 million in the beginning. At that time, the company's market value was still US$3 billion. My 1.75% share was worth US$52.5 million based on market value, and the pledge rate was less than 20%.
Later, the stock price plummeted, and now the value of the shares in my hand is only over 18 million US dollars.
According to regulations, the equity pledge ratio will not exceed 50%.
Being shorted by Muddy Waters, all the equity pledged loans in my hand hit the liquidation line.
Morgan Stanley looked at the previous situation and told me to give me a week to make a margin call, otherwise the position would be closed.
I scraped together and paid another $3 million in margin. If the stock price fell again, I would really be liquidated.
A large part of the US$10 million in pledged loans was invested in Source Code Capital, with Huayi Capital acting as LP.
I am selling off some securities investments one after another..."
Zhang Yida looked at Chen Shaojie with a sad look on his face and sighed in his heart.
This brother started his own business and is almost a billionaire.
But I just want to increase leverage!
Judging from the fact that he initially only loaned US$10 million and the pledge rate was less than 20%, he was still very cautious.
But who could have expected that China Mutual Finance’s concept stocks would fall so fast?
The person he expected to be was himself, who had already paid off the US$500 million in Yimin's gold pledge loan.
Chen Shaojie stupidly took out a loan to invest in an equity investment fund with a lock-up period of three to five years.
Fortunately, I wasn't stupid enough to allocate some short-term liquid assets, otherwise my position would have been liquidated by now.
That's really a shame!
A dignified CEO, the CEO of Zhang Yida Enterprises, has played himself to death, and the self-media will probably have another carnival.
The outside world doesn’t know how to evaluate you? Are you treating your brothers who started a business together harshly?
Or do you mean that people who blew up their positions through equity pledges are not worthy of being Zhang Yida’s brothers?
Zhang Yida no longer wanted to scold the other party, but instead talked about the solution, "Let me lend you some money!"
"Ah..." Chen Shaojie rubbed his hands, "Mr. Zhang, how did this happen?"
Zhang Yida smiled but said, "My loans here are also subject to interest."
"This is what it should be."
Chen Shaojie nodded. If it was really interest-free, then he would feel a little sorry.
"The annual interest rate is 5%."
The annual interest rate Zhang Yida borrowed from a foreign bank was 4%. If he resold it to Chen Shaojie, he could still earn a penny.
At the same time, I am still working in my own company and cannot run away. There is absolutely no problem with the risk control of this loan.
What a genius I am!
"No problem."
Chen Shaojie nodded fiercely. No fool would refuse such a cheap loan interest rate.
Even if he borrowed money from Morgan Stanley, he was charged an annual interest rate of 7%.
Zhang Yida seemed to be laughing a little, wondering why his company has become like this. The boss has begun to lend money to employees. He really embodies the spirit of lending in a vivid and exquisite way, which can be regarded as an alternative corporate culture.
After settling Chen Shaojie's matter, Zhang Yida turned his head and looked at Ding Siyao and Fan Hongyang.
Seeing that the two of them looked strange, they couldn't help but ask: "You won't also get a loan, right?"
Both of them nodded.
Zhang Yida: "..."
…
After questioning, Zhang Yida learned.
It’s true how bold people are and how productive the land is.
The two hold equity stakes ranging from 2% to 3% in three Yimin companies, which are worth a lot of money.
The loan amount is naturally much larger than that of Chen Shaojie!
Fan Hongyang loaned US$80 million, and the equity of the three companies was basically fully invested.
Ding Siyao did better, and also borrowed US$50 million. Except for the Yimin Wealth that he managed, which had a lower pledge rate, the other two companies were all fully funded.
"Hey..." Zhang Yida sighed, feeling that this was an example of what he was doing.
I dared to be so arrogant because I was cheating, and I also had various assets such as Ruixiang and Pate Holdings as safety cushions to resist risks.
"I'm actually okay. The total value of the stocks in my hands is US$200 million, plus the tens of millions I've cashed out before.
Even if the stock price drops by half, we can still withstand it.”
Ding Siyao smiled and said, "However, if Mr. Zhang's plan is more ambitious, you may need your help."
Zhang Yida shook his head, "It won't fall that much. At most, it will fall another 20 to 30 percent before it bottoms out. Then we will buy the bottom."
Fan Hongyang was embarrassed to speak. After all, he was a bit older, almost forty years old, and his head was full of bruises this time. The risk control was not as good as that of a girl named Ding Siyao. It was really embarrassing.
He thought about it carefully and felt that it was normal. Ding Siyao had managed Yimin's wealth for so many years and was already better at capital operations.
And he also knew that Ding Siyao was helping to manage Zhang Yida's family office, as well as the mysterious hedge fund.
Why is it mysterious?
Because it does not raise funds to the public, everyone knows that this fund is active in Hong Kong and U.S. stocks. It has a great record and has made a lot of gains, but they just don’t know the specific profit.
Fan Hongyang felt that he really should have sacrificed some face and talked to Zhang Yida to get some shares in the hedge fund.
"Lao Fan, where did you invest the $80 million?"
Zhang Yida looked straight at Fan Hongyang and asked.
Fan Hongyang suddenly woke up from his fantasy and began to explain everything.
Similar to Chen Shaojie, this big brother is also obsessed with equity investment.
But the better thing is that as you get older, you like to buy houses. There are properties in the UK, the United States, Singapore, Australia, Indonesia, India and other countries.
“Sell some houses!”
Zhang Yida joked, "Why build so many houses? Do you think housing prices abroad can be the same as in China?"
Fan Hongyang explained with a smile, "I don't want to increase the value, just maintain the value. As I got older, I felt that the securities market was risky, so I bought a few equity investment fund shares, and used all the other money to buy a house."
Doesn’t the company want to expand its business to Africa? At that time, I plan to buy two houses in Lagos and Cape Town.”
Seeing Zhang Yida, Chen Shaojie, and Ding Siyao all looking at him dumbfounded, he smiled ashamedly, "Hey, it's mainly because I couldn't afford a house when I was young.
Now that I have this financial strength, I want to buy a house so that I can have a sense of security and accomplishment.
Speaking of which, I still have to thank Mr. Zhang. The fortune teller said that I will meet a noble person when I am 30 years old, and sure enough..."
Zhang Yida's mouth twitched, what the hell, are you engaging in feudal superstition?
"Huang Xin told me that he once met an old Taoist priest who said that when he was 40 years old, he would wear yellow robes...
You see, the streets are now full of his little brothers in yellow robes.
Hey, could it be that you met the same fortune teller?"
Zhang Yida shared a joke with the three of them, which made them laugh out loud.
"Okay, Mr. Zhang, stop talking, I'll sell the house to pay off the debt!"
Fan Hongyang spoke in extremely miserable terms, with a look of pain on his face.
In fact, he didn't feel too distressed. After all, these houses were not inhabitable. To put it bluntly, they were investment assets. It was normal to buy and sell them.
He had just looked at the house prices in a few places a few days ago. After selling the house and paying off the interest, he should still be able to make a small profit.
Zhang Yida didn't lend money to Ding and Fan, and they didn't have much objection.
They are different from Chen Shaojie. They are co-founders, while Chen Shaojie is a professional manager who only holds shares in Yimindai, and his shareholding ratio is smaller than both of them.
Both emotionally and rationally, Zhang Yida should help Chen Shaojie more.
The worst situation is for Fang Yuhan of Ruixin. The company has not yet been listed, and there is no opportunity for cash out or loans.
After laughing and bragging for a while, we started talking about business again.
Zhang Yida wants to set up a game this time, and the three of them need to cooperate well.