Cao Mo does not doubt Sturgeon's sincerity in cooperating with him this time, but sometimes the situation will change unexpectedly.
At such a critical moment, it is even more necessary for someone to be responsible for keeping an eye on Sturgeon, Nitz Oppenheimer, Bank Atlantic, and the south coast of Cornero for any unusual movements or signs.
Zhou Han did not come back with Cao Mo this time, but stayed in Africa for the time being, with Xie Sipeng, Yang Deshan and others always paying attention to the changes in the situation there; these are things that Abacha, Ochosan and others are not good at, and Wendy Scarf and Abuja are also better at transactional work.
Cao Mo, Shen Ji, Ge Jun, and Qian Wenhan directly arranged to have morning tea at the newly opened Dingfeng Building on Tianzifang Main Street. He and Cheng Xi rushed there and first found a window seat on the second floor and sat down.
The morning sun just broke through the clouds and shone through the glass window on Cheng Ximing's pretty face.
She really didn't sleep too much at night, and Cheng Xi's sleepy eyes were a little swollen, and her natural silkworm eyes looked darker, but it didn't ruin her beauty at all.
Before Shen Ji, Ge Jun, and Qian Wenhan came over, Cao Mo saw his father, wearing pajamas, walking to the takeout window of Dingfeng Building to queue up.
"Dad! Why is it your turn to come out to buy breakfast today? Where is Mrs. Cao?" Cao Mo stuck his head out of the second floor window and shouted.
"You've already gotten off the plane at this point. Why don't you go home? Why are you sitting upstairs at Dingfeng? Your grandma caught a cold and was still talking about when you would get home today?" Cao Xiong asked.
"I made an appointment with Shen Ji and the others to come over and discuss some matters. I'm afraid I'll disturb you when I get home - Aunt Rong hasn't gone out yet. You will be sent back early and come with Aunt Rong," Cao Mo said.
"Uncle Cao!" Cheng Xi also stuck his head out and raised his hand to greet Cao Mo's father.
"Did you come back yesterday? Why didn't you go home first?" Cao Xiong joked.
"Uncle Cao!" Cheng Xi shouted...
…………
…………
After waiting for a while, Shen Ji, Ge Jun, and Qian Wenhan all came over one after another after his father and Chen Rong.
The domestic banking industry was first affected by the subprime mortgage crisis. However, because the domestic financial and banking industry has a solid protective wall with foreign countries, and there are many national and local governments behind it, the overall situation is quite stable.
Mainly shipbuilding, building materials, real estate, etc. are sensitive to market demand. They have also been industries with high debt and rapid expansion in the past three or four years. During this period, they have been most obviously affected.
Dongsheng's three main businesses, except for grain and oil, are basically stable. The building materials business, which mainly produces aluminum profiles, will lose more than 100 million in the third quarter, directly wiping out the profit in the first half of the year.
The listed company Dongsheng Group is also expected to record its first annual loss in the past decade for the full year, but these are not as big as the crisis Dongsheng Real Estate is facing at this time.
Because the domestic regulatory authorities are worried that the property market will be hit by the economic crisis and produce a large number of unfinished buildings like the previous property market bubble, they gradually strengthened the management of special accounts for pre-sale funds in the first half of the year.
For properties that have obtained pre-sale permission but are still under construction, no matter how strong the promotion is, it will be difficult to misappropriate the pre-sale funds.
In the past month, Dongsheng Real Estate has mainly retained some of the houses in its already built properties, carried out reduced promotions, and increased efforts to withdraw funds. Internal employees even directly discounted the price by 50%. However, in the past month, it has only withdrawn funds. More than 800 million in funds are far from quelling Dongsheng's hunger for funds.
The equity repurchase agreements between various parties for Cornero Foods, Cornero Energy and Tianyue Industry have been negotiated and signed half a month ago; Nsange also returned to Africa before Cao Mo returned to China, secretly working in Dracula Mo
Met once.
In the end, Tianyue Investment took over 5% of the shares of Tianyue Industrial, 10% of Cornero Energy, and 6% of Cornero Food. It was also because of old friendship. After the agreement was signed, Cao Mo directly let people
Transfer 200 million yuan to Dongsheng's account.
However, not only Qian Wenchao, but also Dongjiang Securities Industrial Investment Fund, which participated in the equity acquisition of Cornero Foods and Tianyue Industrial, and even Falkov Investment, represented by the Oppenheimer family, had to be delayed until the limit of the agreement
Payment obligations will not be officially fulfilled until the last day.
Dongsheng will have to wait until a month and a half before it can get another three repurchase funds totaling more than 300 million yuan from Qian Wenhan, Dongjiang Securities and Fulkov Investment.
The cash in Dongsheng Real Estate's account is less than 300 million, but it will have to repay a total of 2 billion in maturing debts within the next month and a half; this does not include the payables to construction contractors and material suppliers.
Inside.
This is only the direct debt involved in Dongsheng Real Estate.
Although Chen Rong also holds 4% in Dongsheng Real Estate, she has no debts to be repaid in the short term, but there is no need to worry - even if Dongsheng Real Estate's capital chain is broken and it eventually has to go bankrupt and liquidate, Chen Rong will not
You may gain nothing.
The most important thing is that in addition to Dongsheng Real Estate, the Ding family also bears huge debts. At this time, it is facing the same crisis as the Lu family.
The equity of Dongsheng Group, a listed company, needs to be more dispersed. The Ding family, including Shen Ji's parents, hold a total of 45% of Dongsheng Group's shares. At present, Dongsheng Group's total market value exceeds 30 billion at its peak, but at this time
Due to the double drag of the market and the debt crisis faced by the Ding family, it has fallen to around 8 billion.
The market value of the equity held by the Ding family is 3.6 billion. In the past few years, the Ding family has mortgaged all these equity shares and borrowed huge sums of money to support the rapid development of Dongsheng Real Estate. This part of the debt has changed several times. At present,
There are still two billion left.
In fact, if Dongsheng's stock price continues to fall, the stocks pledged by the Ding family will also face the risk of being forcibly liquidated by lending institutions.
Shen Ji didn't expect Cao Mo and Qian Wenhan to lend a helping hand to Dongsheng and the Ding family, but when he sat down, he first told the embarrassing situation Dongsheng and the Ding family were facing at this time, with a somewhat sad face.
Asked Cao Mo: "Where is Taihua's operation now?"
Ge Jun represents Dongjiang Securities. It is impossible to use the trust funds managed by Dongjiang Securities to intervene in personal grievances at will. Qian Wenhan also said before that he had no intention of getting involved in such matters, and he would not inquire casually before.
How far has Cao Mo progressed in collecting money from Taihua?
Of course, since they met at the dinner table, they were still very interested in the matter.
"I have been paying attention to Taihua's situation. The board feels very wrong!" Ge Jun said.
"This is really interesting, but you don't get involved. It's not appropriate for me to tell you too much!" Cao Mo opened his mouth and bit open the thin skin of the soup dumpling, sucking the thick and fresh soup, not forgetting to tell you the money.
Wen Han, Ge Jun and others are selling things off.
"You kid, you're just trying to get away with it. Remember, you pay for this breakfast. Don't try to take advantage of us." Qian Wenchao pulled out a cigarette and threw it at Cao Mo.
"When we decided to raise funds for Taihua in early September, we discovered that Huamao had already opened a position on Taihua, and Taihua's dive in late July was Huamao's handiwork - I rushed there in a hurry this time
Kanem mainly confirmed this and persuaded Atlantic Bank, which had already secretly reached an agreement with Huamao, to turn around and cooperate with me," Cao Mo said. "Three weeks ago, the Lu family bribed a group of people from Xin Yihua.
A fund manager bought Taihua's share price through a public offering fund under Xinyihua. This is also the reason why Taihua's share price has risen sharply during this period - and the reason why this fund manager can get in touch with the Lu family, I
I highly suspect that this is also Huamao's arrangement. According to the upper limit of a public equity fund's holdings of a single stock, the funds supporting the stock price of Taihua Tray will be exhausted in the next two days, and the next step will be a thunderous performance. I rushed back to China,
Mainly because I don’t want to miss this show!”
"What, Atlantic Bank has already reached an agreement with Huamao to attack Taihua? How did you know, and how did you convince Atlantic Bank to tear up the agreement and turn to cooperate with you? The Lu family bought out the fund company, this is not
It’s hard to understand, but Taihua’s quarterly report has not been released yet, and there is no specific public information. How did you know this? You are not hiding commercial spies around brothers Lu Jianchao and Lu Jiancheng, are you?" Qian Wenhan
asked in surprise.
"You want to know?" Cao Mo wiped the oil nozzle with a tissue and said, "How about we make a round to pick up Taihua's plate? Tianyue will contribute one billion, and Sun Hung and Dongjiang Securities will pool one billion. I
I will reveal all the business secrets to you..."
"If you make it clear, we might as well consider it, otherwise, my curiosity is not as strong as you think." Qian Wenhan said slowly.
"For such a large-scale investment, I only have the right to make suggestions in Dongjiang Securities, and the investment committee will ultimately need to vote. It seems that my curiosity will not be satisfied today." Ge Jun said with a smile.
"Obviously, the real controller of Fulkov Investment, controlled by the Oppenheimer family, is Sturgeon Foster, the senior vice president and executive director of Bank Atlantic, and the Foster family, from which Sturgeon was born,
He is the largest shareholder of Atlantic Bank!" Cao Mo said, "Sturgeon thinks he has hidden it well, but I have actually known about his existence for a long time. This time I went back to Canem to find Sturgeon, and I just told him
He said that I was more qualified than Huamao to build the new coastal city of Cornero, and Sturgeon gave Huamao a pat on the back and sold Huamao!"
"..." Qian Wenhan patted his forehead and shouted, "It was originally your arrangement for Nsange Oppenheimer to come to China to participate in the equity acquisition of Cornero Energy, and it was he who acted as your spy.
!My stupid brain should have thought of this earlier!"
Dongsheng withdraws from Conero Energy, and other shareholders have the right of priority to repurchase the equity withdrawn by Dongsheng.
Qian Wenhan nominally used the preferential repurchase rights of shareholders such as Abacha and the Ruteb family to invest in Conero Energy and took 10% of the shares. The purchase money has not yet been transferred to Dongsheng.
As one of the major shareholders, the Oppenheimer family sent Sanger to China to participate in the settlement, exercised the right of preferential repurchase in the name of Falco Investment, and obtained 10% of the equity. No one else suspected that this matter had something to do with Cao
What does it have to do with it?
The price of Dongsheng has been severely suppressed this time. Even at a time when global funds are tightening, such a cheap bargaining chip as Cornero Energy is definitely a high-quality asset worth buying.