"...Dong Chengpeng should really have a problem, but it doesn't matter whether he exposes it or not. My uncle may have been talking to Han Shaorong, but he just wanted to hide it from me, fearing that I would pass on the news to you." After leaving the banquet garden, Shen Ji felt somewhat exhausted. He haggardly parked his car on the side of the road and called Cao Mo.
On the other end of the phone, Cao Mo was sitting in the back patio, with Cheng Xi leaning on his thigh and looking at the starry sky that was somewhat confused by the air pollution.
"We should think of this possibility," Cao Mo originally wanted Shen Ji to convey his tougher message, but Shen Ji didn't want Tianyue and Dong Sheng to get too tense. He could understand, and he was also talking to Shen Ji at the moment. Ji said, "Since Dongsheng agrees to us repurchasing the shares of Cornero Energy, Tianyue Industry and Cornero Food, let's talk to Qian Wenhan and Ge Jun tomorrow?"
Tianyue Industrial, Cornello Food, and Cao Mo's personal shareholding ratios are already high enough. If Dongsheng really agrees to transfer them out in a suitable way, he will consider transferring the repurchase rights to Qian Wenhan or Dongjiang Securities. Let's see what they do. Is there any intention to jointly promote the development of Tianyue Industry and Cornero Food? These two companies still need more and more powerful strategic partners in the country to go further in the future.
As for Cornero Energy, Cao Mo has resold and restructured his assets several times before. His personal shareholding is only 16%. It is good to have the opportunity to expand his shareholding this time.
After Cao Mo hung up the phone, Cheng Xi turned around, resting his arms on the recliner, bending his body softly, and said: "I still feel unrealistic, how can you be so rich?"
"Money is not important to me. You see, I don't even have time to spend money." Cao Mo took out a wallet with badly worn corners and showed it to Cheng Xi. He said, "I have wanted to change my wallet for a long time. I don’t have time or place to go shopping in Africa. You said, no matter how much money I make, what’s the point? It’s just fun to fight with grandsons like Han Shaorong!”
"...I haven't even praised you, but you're already shaking again!" Cheng Xi glanced at Cao Mo with her beautiful eyes.
"Ahem..." Cheng Zhengjie coughed and walked over. He raised his hand to look at his watch and said, "It's already eleven o'clock. It's getting late. We should go back. Your mother should have been home early..."
Cao Mo couldn't say that the bed in his room was very big. Cheng Zhengjie could just go back by himself.
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"Han Shaorong is in his prime, but he is too domineering and calculating. Dongsheng wants to cooperate with him, but he saves us a lot of trouble..."
Sitting in the elegant home of Jinhonghui, Qian Wenhan smoked a cigar and told Cao Mo and Shen Ji that the history of his early dealings with Han Shaorong was not limited to Han Shaorong's attempt to unseat Zhou Shenhe and seize control of Xinhai Gold Industry. of grievances.
Qian Wenhan can't even see how bad the situation will get in the future. Even if he is not too pessimistic, he will choose to be cautious until the situation improves.
To be honest, Qian Wenhan was relieved to hear that Ding Zhaoqiang might have been in contact with Han Shaorong and offered Cao Mo a financing condition that he could easily refuse without any psychological pressure.
Otherwise, if Cao Mo really wants to inject capital into Dongsheng Real Estate, he will have to show some signs of it.
They have cash in hand, not to mention the whole country, there are countless high-quality projects in Xinhai that are short of cash. Every day, one or two groups of people come to negotiate financing through various connections. He doesn't feel that he has to get involved with Ding Zhaoqiang.
As for Dongsheng's withdrawal from Cornero Energy, Cornero Foods and Tianyue Industry, Qian Wenhan does not mind taking over part of the shares. After all, compared to investing in the behemoth Dongsheng Real Estate, the scale of funds required is small. Looking at the direction
Ge Jun, who was sitting opposite, asked: "Do you want to take over some of Dongjiang Securities?"
"The growth potential of these three companies is very good," Ge Jun said. "If Dongsheng had not been forced into this situation, it would not have withdrawn easily..."
Qian Wenhan nodded, looked at Cao Mo and asked: "How do you organize the operation and management team? To be honest, I have been in the business world for several years. I don't have much achievements. I can boast that I have met many business wizards.
But to say that so many companies can be built in such a short period of time, all of them still have good growth potential, and the operation and management team can still have no obvious problems, it is really rare..."
"I am more lucky than others." Cao Mo said with a smile.
Qian Wenhan and Ge Jun both knew some of the situations of the three companies, but Cao Mo directly introduced them to more specific and detailed data, including the valuation of Dongsheng and Hexi Funds when they injected capital, shareholding ratios, etc.
After the departure of Hexi Fund, Cornero Foods injected US$10 million in capital. After the destruction of the Giddam family and the Tubman family joining Cornero Foods as important shareholders, Dongsheng's shareholding was diluted to 16%.
Cornero Food's current profit scale is not very large. It mainly relies on a large amount of funds. The resources are used to cultivate plantations in Akwa and Benin. This is to form a closer relationship with the local area and provide support for the Usan River copper and gold mine project.
Building a higher and thicker protective wall, while waiting patiently for four to five years to operate, will not only make Cornero Food an asset, but also significantly improve Cornero Food's profitability from the long industrial chain end.
Tianyue Industry spends a large amount of profits on the development of new models, so that the scale of net profits is compressed to a very low level. There are already enough motorcycle companies at home and abroad, and the domestic market is suppressed.
Relatively speaking, there is great uncertainty about whether Tianyue Industrial can succeed in the future.
And if Huachen's price is suitable, Cao Mo will definitely want to take over part of Huachen's car-making assets.
This is probably the biggest opportunity for him to expand the scale of the industry in China. Due to the limitations of the domestic market size of cocoa butter and cocoa powder, Cornero Foods is naturally difficult to expand.
Cao Mo's expectations for the future of Tianyue Industry also meant greater risks. He had to make it clear to Qian Wenhan and Ge Jun in advance.
However, Hexi Fund only injected 10 million yuan into Tianyue Industrial in exchange for 10% of the shares. The equity price was relatively low.
Hexi Fund holds the largest share of Conero Energy. After the merger of Conero Energy and Sika Aidet Grid Company, Hexi Fund still holds 30% of the shares and is the largest shareholder.
Cornero Energy is also large in scale, with great profitability and future development potential. When it merged with Sika Aidate Grid Company this year and Cao Mo regained his shareholding, the total valuation at that time was as high as US$300 million.
The annual net profit of more than 30 million U.S. dollars that year, as well as high future growth, including high-quality power assets built and under construction, are enough to support this valuation.
Even if they repurchase all Dongsheng's shares at a slightly lower valuation, they would still need to use US$89 million in funds, which is a huge consumption of funds.
After listening to Cao Mo's introduction to the basic situation of the three companies, Ge Jun said: "...The country has just opened its doors and allowed securities companies to register and manage industrial investment funds. Dongjiang Securities is only a pilot project with a small scale. It is also strictly prohibited to go overseas. In theory, it can only participate in
Conero Foods, which is responsible for the company registration, and Tianyue Industrial’s capital injection, Cornero Energy will not be able to participate.”
Cornero Food currently holds 20% of the shares of the Tubman family, Song Yuqing, Guo Donghu, Chen Feng and Shen Ji hold 14% of the shares, and Cao Mo personally holds 50% of the shares. He hopes that Dongjiang Securities and Qian Wenhan
Being able to take over all the remaining shares, there is no need for him to expand his shareholding in Cornero Foods.
Cornero Food's assets, operations and profit model are relatively stable, and its valuation model is also clear, making it easily accepted by domestic conservative regulatory authorities. At the same time, this is the industry type currently favored by Dongjiang Securities' industrial investment funds.
Ge Jun also bluntly proposed that Dongjiang Securities could participate in more capital injections in Cornero Foods, while Tianyue Industrial, which is relatively high-risk, could only follow up symbolically.
Of course, Dongjiang Securities and Qian Wenhan took over part of the shares of Cornero Food and Tianyue Industry. Cao Mo also asked the management teams of Guo Donghu, Chen Feng, Xu Bin, Xu Lizheng, Huang Yijiang and other two companies to expand their shareholdings.
The funds required by Cornero Energy are on the high side. Now everyone hopes to have more cash on hand and is unwilling to make a move easily. Qian Wenhan faced Shen Ji and made it clear that he wanted to take advantage of Dongsheng.
The capital chain is tight, so the first step is to suppress Dongsheng's price.
When the situation was good, Cornero Energy was valued at US$300 million. Now that the situation is bad and facing more and more uncertain risks, the valuation should be adjusted downwards.
It would be best to lower the price to US$200 million and let Dongsheng take out the money.
Shen Ji could only smile bitterly.
The investment market is so ruthless. The vast majority of venture capital projects fail. It is normal for venture capital projects to lose all their money.
Now that Dongsheng is in crisis, he is thinking of withdrawing funds through various channels. Qian Wenhan is in the business, so it is quite polite to allow Dongsheng to make a profit. Otherwise, Dongsheng will continue to use Cornero Energy's
With the shares in hand, you either have to look for other buyers with higher bids. Anyway, Cao Mo and others only have priority to repurchase the shares of Cornero Energy under the same conditions.
Cao Mo mentioned to Ge Jun that Chen Rong wanted to make a trust to replace short-term debts.
"You will provide a mortgage guarantee and a part of the inferior funds, and I will do a favor and help Dongjiang Duola get some business." Ge Jun readily agreed.
"Since Tianyue, Dongjiang Securities, and Sunhong Investment will jointly take over Dongsheng's withdrawal of shares from related companies, of course the three of us should talk to Dongsheng together," Qian Wenhan said directly to Cao Mo, "You are so tender-skinned.
Maybe I can’t be ashamed of my old employer, how about I arrange for someone to lead the company, and you and Dongjiang Securities send representatives to join the negotiation group to follow up?”
Qian Wenhan took the initiative to stand up and be a villain. What else could Cao Mo be unhappy about? Of course he agreed: "Okay..."
Cao Mo also talked about his intention to attack Taihua's stock price.
Qian Wenhan is not someone who will have trouble with money, and Ge Jun will not use the funds raised by Dongjiang Securities for personal grudges. However, they all said that if they really want the opportunity for a hostile takeover, they will discuss it based on the specific situation. There is no other way
What's the answer now?
Taihua's development ideas have been somewhat chaotic in recent years. Its main business is vague, and its focus is completely focused on overseas development. There are many twists and turns in overseas development. Last year, the performance suffered a small loss. This year's loss may be even greater. Qian Wenhan and Ge Jun also I don’t know how to sort out Taihua’s existing business if we really want to seize the controlling stake in Taihua.
Too complicated.
It may cost more than ten to two billion or even billions to win it, but it is a hot burden.
As for Cao Mo's suggestion that the parks and industrial assets around Lake Cornero could be integrated, Qian Wenhan and Ge Jun both felt that the risks were too uncontrollable under the current situation and they could only take one step at a time.
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Not wanting to put Shen Ji in trouble, Cao Mo arranged for Chen Feng and two assistants to work with staff from Sun Hung Investments and Dongjiang Securities the next day to first draw up a repurchase plan for the shares held by Dongsheng Hexi in various companies.
Of course, the three of them must first have a clear plan and lay a good unified tone, and then
Bargain with Dongsheng on a basic basis.
Since Qian Wenhan wanted Xinhong to lead the negotiations, Cao Mo naturally ordered Chen Feng to provide materials, consultation and follow-up.
The asset audits of the three companies of Cornero Food, Cornero Energy and Tianyue Industry are all led by Chen Feng at the headquarters; these three companies have also undergone financing and asset adjustments many times before, and have also accepted the due diligence of third parties. The review and standing materials can be said to be very standardized and formal.
This provides great convenience for writing proposals.
After a busy day, Chen Feng returned to the Hupan headquarters from Sun Hung Investments. The repurchase plan had been initially drawn up. Of course, he had to take it back and confirm it internally first.
Shortly before Chen Feng came back, Cao Jiaying and Cheng Xin came over with their preliminary plan for trading Taihua stocks.
Cao Mo didn't have too strict requirements, and even asked Jiaying and the others to pay attention to avoiding the legal risks of stock price manipulation plans.
There is no need to secretly set up dozens or even hundreds of personal capital accounts for decentralized and covert operations, nor is it necessary to frequently change hands to control the stock price, nor is it necessary to create true or false news to influence public opinion or induce small and medium-sized retail investors to follow suit. As far as trading techniques are concerned, if you want to comply with the general laws and regulations and avoid being caught, it actually becomes very simple.
However, in the unified legal person account, with a total of 200 million funds, raising funds at the lowest possible cost, and crashing Taihua's stock price at the right time, the test is to judge the timing and analyze the basic market.
Cao Jiaying, Cheng Xin, and Wu Ruifang discussed internally and decided that Wu Ruifang would be in charge of the daily operations of Muxiang's existing capital account, while Cao Jiaying and Cheng Xin would bring two assistants to deal with the attack on Taihua.
Since New Taihua Investment, an investment platform directly controlled by Lu Jiancheng and Lu Jianchao brothers, has mortgaged all the shares it holds in the listed company Taihua Group, even if it does not maliciously manipulate the stock price, it will inevitably take some preventive measures. .
Cheng Xin led his small team and spent two days and one night. In addition to analyzing all the publicly available materials from Tianyue, he also used the perspective of a professional trader to analyze the transactions of Taihua stocks in the past six months. I've gone through the details.
In the past eleven months, the market has adjusted from its highest point of less than 6,300 points to 2,000 points. Taihua's market value has dropped from the highest of 10 billion to 4 billion. Compared with the lowest before the split reform bull market The market value of 1.8 billion has doubled, which is generally consistent with the trend of the market; however, every time there are adverse rumors in the market or unsatisfactory results have to be disclosed, the stock price will fall in two or three trading days. There is a rebound and stabilization.
Cheng Xin analyzed that major shareholders may have intervened in Taihua's stock price many times, and even tried to take advantage of Beijing's hosting of the Olympic Games in mid-to-late May this year to use funds to raise the stock price, but it only lasted two months.
I was pulled down by the tumbling market, and there was a cliff-like decline...
"I have read the trading data in detail in the few days before and after the stock price of Taihua collapsed. We do have reason to believe that the major shareholders not only took measures to maintain the stock price, but also tried to pull the stock price up to cooperate with the intensive release of good news from listed companies.
, to maintain the stock price to a higher level, but unfortunately it failed,"
Cheng Xin used a projector to project Taihua's stock price transactions and trends during that period on the curtain on one side of the conference room, and said,
"The stock price of Taihua fell off a cliff in early August. It seemed like it was brought down by the market drop that day. The selling transactions were also very intensive and sporadic. However, there were always traders who would subconsciously place personal orders when placing orders.
Come in style”
Cheng Xin switched the picture, and a dense transaction detail data appeared behind the curtain. Some characteristic transaction data were scattered, but Cheng Xin had circled them in different colors in advance.
"...Before us, Taihua had funds lurking in it, which had already severely damaged Taihua's stock price. The funds were dispersed in hundreds of thousands of sub-fund accounts, but it is a pity that the financial backers behind the scenes could not hire thousands of traders.
These accounts are operated separately, so not all clues can be covered up!"
"Has Han Shaorong's funds gone in?" Song Yuqing asked dumbfounded.
Everyone has their own principles for doing things, and it is inevitable that they will judge others by themselves.
Song Yuqing thought that Han Shaorong wanted to win over the Lu family and take advantage of the Lu family's already established advantage in Kanem to suppress their development. There would always be some bottom line; and even if he had bad intentions and coveted the Lu family,
, you will always have some patience, right?
"You are so kind!" Cao Mo smiled at Song Yuqing.
He was intuitive, and Zhou Han had always guessed that Han Shaorong would never be kind to the Lu family.
The most important thing when setting a trap to lure the Lu family to compete for the new city project was to use the Lu family's competitive spirit to create convenience for people like Han Shaorong and Niss Oppenheimer, who eat meat but not spit out bones, to attack the Lu family.
They had expected this before, but apart from finding out that Bank Atlantic, with Sturgeon lurking behind the scenes, loaned New Taihua US$80 million using shares in the New Taihua refinery as collateral, they had not caught any other clues.
.
This time they planned to publicly attack Taihua's stock price from the securities market, with the purpose of alerting Han Shaorong to expose his flaws and induce him to make his next move.
Cao Mo didn't expect that Cheng Xin could analyze this from the board so quickly without giving any more information.
Sure enough, professional things should be left to professionals...