"By the way, is the rumored news that Tiansheng Capital issuance of convertible bonds true?"
“Amazing source!”
"I don't know. Tiansheng Capital did not respond to the market news, but it is certainly not groundless."
"The current record is 7 billion in national average convertible bonds. Tiansheng wants to issue 30 billion convertible bonds?"
"Don't let Tiansheng Capital jump out and say it's a rumor."
“How do you use convertible bonds?”
“It’s not much different from stock trading, and it’s a T+0 transaction. You can sell it the same day you buy it, and there’s no stamp duty!”
“Why does Tiansheng Capital still need to borrow money when it doesn’t lack money? I don’t understand!”
"If you understand, you won't comment here."
“Isn’t there a conflict between lack of money and borrowing money?”
"Well, if Tiansheng Capital really wants to issue convertible bonds, then don't do stock splits in the future. If you can't afford the original shares, just buy convertible bonds. You can either speculate in convertible bonds or do t+0 transactions.
At that time, you can choose debt-for-equity swap, but the debt-to-equity swap must wait half a year after the issuance and cannot be tampered with after the equity s"
…
The news that Tiansheng Capital plans to issue convertible bonds has aroused market expectations. The so-called sources were of course released under the instruction of Lu Ming to see how the market reacts. At the same time, the convertible bond issuance plan is also progressing steadily.
The information feedback from the market is also pretty good, and most of them are looking forward to Tiansheng Capital’s issuance of convertible bonds.
Not surprisingly, Tiansheng convertible bonds will be issued and listed within the first quarter of next year.
…
As time enters November, the paid transfer contract begins to advance.
On Friday, November 17, many LP institutions such as Ningzhou Social Security Fund Administration, Wanxiang Group, Chaoyun Trust, etc. came to the headquarters of Tiansheng Capital.
In the high-end conference room, there was even a very lively scene at the moment. Wang Yue, Lin Qiang and other institutional leaders came to the scene in person. After all, this involved a transfer transaction process with a scale of hundreds of billions.
On the Tiansheng Capital side, Yao Jun led a group of legal elites from the company to draft a paid transfer agreement with people from LP institutions.
Chaoyun Trust received Fenjiu for 58 yuan and Laojiao for 67 yuan.
Ningzhou Social Security Fund received Mao Ti for 720 yuan and Wu Liangye for 76 yuan.
Huaan Trust received Ningbo Bank for 19 yuan, Zhaoshang Bank for 30.5 yuan, and Jingdongfang A for 6.22 yuan.
Wanxiang Capital received the investment from Magnesium Group for RMB 55, Gerry Electric for RMB 48, and Yili Shares for RMB 32.
…
It is like a large-scale pink cake scene. Many LP institutions are carving up the constituent stocks in the Tiansheng Shanghai 50 Index and Tiansheng Shenzhen 100 Index. The largest undertaking is to transfer stock assets to replenish the social security fund, and it is also the largest LP institution of Tiansheng Capital.
You must know that the social security institution where Tiansheng Capital's LP entrusted funds is not only the Ningzhou Social Security Fund, but also many social security funds in other places that have entrusted funds to the fund.
The market value of the reduction reached a huge 750 billion yuan. After the paid transfer, Tiansheng Capital could not get the transferred funds from LP institutions immediately because it was impossible to come up with so much cash.
Instead, they wait for the LP institutions to cash out the transferred shares before remitting the money to Tiansheng Capital, which is equivalent to accounts receivable.
If 800 billion is actually cashed out, then the extra 50 billion will be retained by the LP institutions themselves. The market value of the stocks transferred by Tiansheng Capital for a fee is 750 billion.
…
On the other side, Lu Ming, Lin Qiang, Wang Yue, Shen Ju and others were sitting together chatting.
"Brother Lu, how can we settle down after so much money has been withdrawn from the stock market? Is it planning for the property market?" Wanxiang CEO Wang Yue asked curiously with his legs crossed.
The bosses are chatting while their subordinates are doing things. When things are done, the bosses are responsible for stamping and signing.
Lin Qiang spread his hands with a smile and said: "Afraid... I said what you said, Lao Wang, was knowingly. Brother Lu made it clear three years ago that he was optimistic about the property market but would not participate in it."
After a while, Lin Qiang rushed to add: "But Brother Lu has heavily invested in An's shares, haha!"
As soon as these words came out, several big guys present laughed knowingly.
Lu Ming smiled and spread his hands: "It was Mr. An's decision to enter the property market. I did not interfere in the slightest. The only suggestion was to let An's Group, which wanted to raise pigs, give up raising pigs and build a pig pen instead.
Now it seems that we have really given up raising pigs and built pig pens instead.”
"Hahaha~~"
"It turns out that An's Group's pig pen business was your handiwork, Brother Lu, haha!"
"This deal with An's shares, Mr. Lin has made so much money that he laughs in his dreams. I'm even jealous!"
"They are talking to each other as if Wanxiang Group does not have shares in Anshi Group."
Several big guys were talking about each other's business, and Da Qiangzi felt very happy when he mentioned An's shares.
An's Group's performance growth has been impressive. An's shares have been willing to spend money to repurchase shares in the past two years. The company's total share capital has dropped to 13.7 billion shares. Now the stock price has soared to 122 yuan, with a total market value of 1.67 trillion.
The average cost price of the 888 million Anshi shares owned by Chaoyun Trust is the same as the average cost price of the 967 million Anshi shares held by Tiansheng Capital. Both dropped to 13.53 yuan, with a return rate of 8 times.
.
Chaoyun Trust's initial market value of 14.5 billion has now grown to a market value of 108.3 billion, and the net income from An's shares alone has reached 93.8 billion yuan.
The Anshi shares held by Wanxiang Group were bought by Lao Wang during the Antian War. The cost price was much higher, with a cost price of 22, but it also had a yield of +454%. Wanxiang Group held
An's shares were not entrusted to Tiansheng Capital for management like Chaoyun Trust, it was just an agreement between persons acting in concert.
The highest cost is Ningzhou Social Security Bureau. The original paid transfer cost more than 40 yuan, but now it has nearly doubled the investment return rate after the restoration of rights. The social security fund is Anshi shares that jumped in the queue halfway.
After a while, Lu Ming said in a deep voice: "The funds just came out of the stock market to avoid the risks of the stock market. If the property market does not enter, the only choice is to enter the bond market. Only the bond market can accommodate such a huge amount of funds."
Wang Yue couldn't help but nodded and said: "The last bear market in the bond market lasted for 16 months, and now the bond market has been bearish for 13 months. Compared with the last cycle, the bond market is indeed going to be bullish."
Although Lu Ming clearly told LPs that the funds withdrawn from the stock market should be invested in the bond market, they still would not invest themselves and would still entrust the funds to Tiansheng Capital.
Because the bond market is not easy to deal with, interest rate bonds are fine, but corporate credit bonds are in trouble. Many bond funds have acquired companies that have failed, and many have resorted to lawsuits to collect debts if they cannot pay back the money.
It's better to leave it to professionals to take care of it and just sit back and win.
It is estimated that Lu Ming diverted the funds from the stock market into the bond market mainly for risk aversion and anti-inflation. Although the volatility of the bond market is far less than that of the stock market, it is completely possible to outperform inflation during the bullish period of the bond market.
Lin Qiang looked at Lu Ming and asked: "Brother, will this news be announced to the public on the weekends tomorrow and after?"
Lu Ming shook his head and said: "No, it will be announced around 8 o'clock next Monday morning before the market opens. I will arrange a press conference to disclose the transfer."
Everyone expressed no opinion on this.
Half an hour later, the chat between Lu Ming and several big bosses ended, the agreement had been checked, and the persons in charge on both sides began to sign the transfer agreement.
At this point, 37.5% of the total market value of the A-share market held by Tiansheng Capital has been transferred to its LP institutions for a fee.
In addition, Tiansheng Capital will also do two major negative things to suppress the stock price when the market is smashed. One is to announce a reduction of 2.5% of the stock assets held in the A-share market. In this way, it will completely withdraw from the stock market.
The second is to lend out 40% of the market value of the position; the second is to lend Tiansheng Capital’s stock securities lending funds to make the market short.
Two days later, on the morning of Monday, November 20, Tiansheng Capital held an impromptu press conference and officially announced that the company had passed a resolution at the same meeting on the paid transfer of the A-share market value of 750 billion.
Good guy, this news was released in the early trading and caught everyone off guard. Big A was like a 750 billion depth bomb detonated, causing huge waves before the early trading.
