Chapter 396: Capital Injection
"What's wrong? Which little lover texted you and made you laugh so weirdly?"
Cheng Xi took a towel and wiped his rain-soaked hair, and when he saw Cao Mo sitting on the edge of the bed looking at his phone, the corners of his mouth were curled, and he asked curiously.
"The fish has bitten the hook!" Cao Mo looked very uneasy and turned over the phone to Cheng Xi to show Cheng Xi the four words that Zhou Han had just sent.
"Fish, what fish?"
"Naturally, we have been fishing for so long!" Cao Mo said.
At night, Cao Mo accompanied Cheng Xi to watch a movie and walked back to Tianzifang, but he didn't want the sky to be cloudy and sunny, and when he passed by Xikang Road, he sprinkled a torrential rain without warning.
Cheng Xi had the key to Yu Jing's house, and without waiting for the bodyguards to drive the car over, they ran directly to Yu Jing and them to take shelter from the rain, but the rain was too strong, and in a short time, the coats of the two were almost drenched.
Yu Jing and Chen Chang didn't know where they went, and they hadn't come back at this time.
After entering the house, Cao Mo took off his coat, Zhou Han sent a text message, and Cheng Xi went into the bathroom to wipe his long wet hair with a towel.
Cao Mo's coat was thicker, and the clothes inside were not wet, but Cheng Xi wore a thin blazer tonight, and when she took off her coat, the rain seeped into the lace shirt she was wearing inside.
The trousers she wore were also semi-wet, and the shirt was attached to her delicate body, outlining a moving line:
Delicate breasts, slender waist, slightly upturned round buttocks, smooth lower abdomen, the figure is not particularly exaggerated sexy, but it is surprisingly charming at this moment, and what fascinates Cao Mo even more is the white and flawless slap face set off by the black wet hair, the eyebrows and eyes are bright, the nose bridge is straight, and the ruddy lips are slightly pursed.
Cao Mo threw the phone aside, stood up and hugged Cheng Xi's waist, and let her stick to her arms.
"What are you doing, Yu Jing and the others will come back at any time?" Cheng Xi glared at Cao Mo, but there was no way to push Cao Mo away.
"Your clothes are all wet, either take them off and dry them, or I'll dry you so that you don't catch a cold." Cao Mo lowered her head and kissed Cheng Xi's lips.
"Hmm, don't make a fuss, don't ......"
finally thought that Yu Jing and Chen Chang would come back at any time, Cheng Xi didn't ask Cao Mo to get an inch, and the two made love for a while and then cleaned up neatly and sat on the tatami mat in front of the windowsill to chat.
Cao Mo told Cheng Xi about what he was doing non-stop in the past three or four days after returning to China, except for greeting him at the airport, he was only now able to find time to accompany Cheng Xi to watch a movie.
"It's really non-stop, can't you let yourself rest?" Cheng Xi asked Cao Mo with his little face that was still a little hot, and propped his elbows on the low table.
"Others are greedy, I am afraid, others are fearful, I am greedy, who said that?" Cao Mo stretched his waist and said, "If the subprime mortgage crisis continues, Tianyue's profits may be greatly affected this year and next year, but there is no need to worry about losses, at this juncture, of course, we must think about spending the rest of the money in our hands as soon as possible......
Cao Mo has long profoundly realized that the efficiency of mobilization and administrative execution from the central to the local level in China is much higher than that in foreign countries.
He estimated that in the face of the spreading economic crisis, the speed and effectiveness of economic stimulus measures at home may be faster than those abroad.
This is not Cao Mo's delusion.
In the face of the surging economic crisis, Europe and the United States have long taken some targeted measures [5200] measures, but they have not achieved much and failed to curb the spread of the crisis.
Affected by the subprime mortgage crisis, the main problem in China is that foreign trade, shipbuilding, and other industries have suffered serious setbacks, and the property market is affected by the central bank's contraction of monetary policy and the lack of capital injection in the market; therefore, the state has not yet issued large-scale stimulus measures for the time being, but a large number of economists and experts have been calling for it, and many people are looking forward to this.
Ding Zhaoqiang was biting his mouth before, and he was also expecting the central bank and major financial institutions to relax the monetary policy in a timely manner, and as long as Dongsheng Real Estate can complete the payment of short-term debts, this catastrophe can be overcome.
Unfortunately, Dongsheng's short-term debt is too dense and too many, and the time left for them is too short, but they dare not bet that the state will fully relax the restrictions on the monetary system by the end of October.
However, for Cao Mo, who is holding cash, he has enough time to wait for the country's economic stimulus policy to deal with the severe situation of foreign trade that can increase negatively.
Therefore, Cao Mo returned to China as soon as possible to promote the acquisition of Huachen pickup assets and inject capital into Dongsheng Real Estate.
Although Dongsheng Real Estate has received their capital injection, the follow-up debt pressure is still extremely high, and the debt ratio is still close to 70%, but it is finally relieved.
Next, Cao Mo made two preparations:
First, the speed and effectiveness of domestic economic stimulus measures are slower than expected, so he and Qian Wenhan will honestly abide by their promises and continue to find ways to continue to provide about 30 to 4 billion yuan of funds to Dongsheng Real Estate through various channels and means to avoid slipping into the debt crisis again.
And if the development of the situation is consistent with his expectations, and the country can take decisive measures to stimulate economic growth around the end of the year, then Dongsheng Real Estate has more channels to solve the problem of capital hunger, and no longer need to rely on them to get out of the shadow of the debt crisis, then the funds they raise can be transferred abroad.
At this time, the advantages of the financial structure of Conero Foods can be more fully reflected.
Before Cao Mo returned to China, a large amount of cash was kept in the account of Conero Foods through the payment due.
Tianyue Investment's capital injection into Dongsheng Real Estate this time is also nominally borrowed from the Conero Food account by way of borrowing.
Otherwise, he will have to settle the operating profits of Conero Cement and Ibogu Mining, and then transfer them to China, on the one hand, he needs to pay the corresponding taxes and fees.
On the other hand, after September, the subprime mortgage crisis broke out in full force, and the storm swept the world, and even the central banks of African countries strictly restricted the outflow of foreign exchange, and if they wanted to transfer 300 million US dollars of funds from Kanem and other countries, the procedure would be very complicated, and it might not be possible to do it if it dragged on for two or three months, and it would become far from being able to quench the domestic thirst.
Cao Mo turned the profits of Ibogu Mining and Conero Cement into loans to Conero Foods, purchased cocoa beans and cocoa butter from Kanem and other countries and exported them to China, and left a large amount of money in the domestic account of Conero Foods, which naturally completed the transnational transfer of this funds;
In the next step, he promoted Dongsheng Group to issue new shares and absorb the shares of Conero Foods held by Tianyue Investment, mainly because he wanted to use the new shares to borrow about 8 to 1 billion yuan from financial institutions in China.
If Dongsheng Real Estate does not need it, the funds will be transferred to the account of Conero Foods, which can be regarded as a return of part of the arrears owed by Tianyue Investment to Conero Foods.
Similarly, during the economic crisis, foreign exchange management has been tightened in the country.
However, as long as there is a good opportunity or other needs, the funds in the Conero Food Pool can be quickly transferred to Africa through payment settlement at any time, and this is obviously not within the scope of national foreign exchange control.
No matter how severe the economic crisis is, there will be no restrictions on formal import and export trade and the end of payments.
Cao Mo pillowed Cheng Xi's lap and texted Zhou Han to ask about the progress of Lu Jianchao's contact with Niz Oppenheimer and Sturgeon Foster.
The Lu brothers were cornered by Han Shaorong in China, and they would look for the people behind the Oppenheimer family to cooperate, which was not unexpected, and even Han Shaorong had long expected this step, so there would be a previous cooperation with Sturgeon.
What Han Shaorong didn't expect was that Cao Mo not only had Sturgeon's existence a long time ago, but even negotiated a new cooperation with Sturgeon when he returned to Africa in September.
Zhou Han seemed to be able to realize that Cao Mo was with Cheng Xi at this time, and he didn't call directly, so he kept informing Cao Mo of the latest situation in Draculamo through text messages.
Lu Jianchao has already met with Niz Oppenheimer and Sturgeon Master, and Lu Jianchao is still very aware that Volkov Investment is more interested in the new Taihua refinery.
In order to save the Taihua Group from the severe crisis it is currently facing, Lu Jianchao directly proposed after meeting with Sturgeon and Niz Oppenheimer that they could sell all the shares held by Xintaihua Investment and Taihua Group in the Xintaihua Refinery to Volkov Investment.
The Lu family wanted to fully shrink the front in Kanem, reduce the scale of debt, and try to get back some cash, and decided that Niz Oppenheimer and Sturgeon, who had a great connection with Banco Nacional Ultramarino, should have the ability to help.
There is not much time left for the Lu family, and the offer given by Lu Jianchao is also very tempting.
The Lu family still wants to retain control of the listed company Taihua Group.
It is very difficult for enterprises to list and trade in the domestic securities market, and there are many high-quality enterprises queuing up to be listed, so that even a shell company that has been listed but has lost so much that its main business does not even have underwear left can be sold for more than one billion yuan.
Therefore, Lu Jianchao and Lu Jiancheng brothers must do everything possible to prevent their shares in Taihua Group from completely falling into the hands of financial institutions that pledge loans.
In order to do this, one is to avoid the stock price from continuing to plummet and fall below the agreed liquidation line, and the second is to add more margin to these financial institutions and adjust the liquidation line to a lower level.
Although Nsanger said that Niz Oppenheimer and Sturgeon would not really respond to Lu Jianchao's request, Zhou Han was still worried that Sturgeon might backtrack.
Although they all realized that Sturgeon would be more supportive of Cao Mo taking over the construction of Conero Marina New Town, the complexity of the matter was not limited to who should build Conero Marina New Town.
Between Han Shaorong and Cao Mo, Sturgeon may feel that Cao Mo is a better builder of Conero Marina New Town, but it does not mean that outside of Cao Mo, Volkov Investment cannot find a better collaborator - it is difficult to determine whether there will be any accidents in the Foster family behind Sturgeon.
And considering the complex equity relationship of the Xintaihua refinery, even if it is to avoid extraneous complications and get the control of the Xintaihua refinery as soon as possible, Sturgeon may change his mind.
Of course, Zhou Han was anxious about this matter, and Cao Mo could understand it, and sent a text message to reply to her:
"Let's wait and see!"
People are always fickle, and he met Sturgeon at the Oppenheimer family estate a month ago and confirmed that he wanted to work with Tianyue, but there was no guarantee that Sturgeon would not change his mind after a month.
However, he needs to stay in the country to paralyze Han Shaorong, and he can't rush back to Kanem to keep an eye on Sturgeon at this juncture, so he can only appease Zhou Han through text messages first.
Of course, even if Nizi Oppenheimer and Sturgeon don't say it, can Lu Jianchao's secret trip to Kanem really be hidden from Han Shaorong?
At this stage, they still have to continue to lurk under the water, just watch Han Shaorong and the Lu family brothers fight openly and secretly, and ask Zhou Han to be more patient.
............
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Even if Niz Oppenheimer and Sturgeon did not secretly negotiate cooperation with Han Shaorong and Cao Mo, they would not easily lend a helping hand to the Lu family.
On the one hand, the speed of the deterioration of the global situation after September can be described as violent, so that they do not dare to act rashly; on the other hand, they are not charitable, and they have no friendship with the Lu family, even if they are greedy for Taihua's assets, they have to drag it out until the Lu family and Taihua are caught in the crisis to a certain extent, and then it is easier to negotiate a price that can make them happy.
Cao Mo reached out to Dongsheng in time and did not take advantage of the fire to rob further, in addition to Chen Rong, Shen Ji and the previous involvement, the main thing is that Dongsheng Group also has an extraordinary influence in Kanem, which Cao Mo needs to rely on.
Cao Mo hopes to solve domestic problems as quickly as possible, and also wants to leave more time to calmly go overseas to find out if there are other suitable investment opportunities.
Sturgeon doesn't like to have direct contact with Cao Mo, and he always asks Ensanger to pass on everything. Although the information passed by Ensange clearly said that they did not mention Lu Jianchao's secret arrival in Kanem to Han Shaorong, and Han Shaorong also contacted them twice, Han Shaorong did not mention Lu Jianchao's secret arrival in Kanem, it seems that Han Shaorong really knows nothing about it.
Han Shaorong may be pretending to be confused, or he may have expected a reaction from Sturgeon's side, but Sturgeon is also right not to take the initiative to mention Lu Jianchao's matter.
They used to use each other's relationship, and if Sturgeon really wanted to show selflessness and confession, it would make Han Shaorong suspicious.
Lu Jianchao did not negotiate substantive assistance and returned to China, Cao Mo also pretended not to know all this, he stayed in Xinhai to continue to promote the capital injection of Dongsheng Real Estate, and promote the negotiation between Tianyue Industry and Huachen; Gu Fan and others are also expediting the visa process, ready to rush to Kanem at any time, to conduct field tests and verification of the functional needs of Huachen pickup trucks in Africa.
In the new week, Taihua Group, which was suspended for three days but did not disclose substantial good news, was pressed on the falling limit by the surging selling orders at the first time of opening.
On Tuesday, Taihua also fell to the limit.
On Wednesday, Taihua opened sharply lower, but the four consecutive declines completely killed the small profit orders in the early stage, and the willingness of small and medium-sized investors to sell goods was greatly reduced, and the selling orders fell sharply.
At this time, it can be seen from the disk that the Lu family still has the meaning of struggling, and the stock price of Taihua Group once turned red in the morning.
However, in the afternoon, Cao Mo took the time to return to the Tianyue headquarters, turned on the computer and saw the more detailed transaction data on the screen, and there were obviously funds in it, which soon drove the stock price to the low.
At the end of the day, it was another huge sell order, which mercilessly killed the stock price of Taihua Group again to the closing of the falling limit - no matter how you look at it, it is Han Shaorong's hand, and the Lu brothers should recognize the reality and stop making senseless "struggles".
Taihua Group's share price also officially fell below the liquidation line.
Next, the financial institutions that have accepted the equity pledge and lent the funds to the new Taihua investment have the right to theoretically sell the pledged shares of the Taihua Group to avoid the loss of debts.
However, forced liquidation does not happen very often in China.
Even if it is not that the Lu brothers are also mixed in Xinhai, they have connections on both land and water, mainly domestic financial institutions, mainly state-owned holding or equity participation, and must consider the political and social impact brought about by the liquidation and selling, and consider whether small and medium-sized retail investors will be thunderous, so that they will fall into the passivity of public opinion.
On the other hand, these financial institutions know very well that if they really want to sell the pledged shares through the open market, they don't know how far they will stake the stock price, and it is impossible for them to offset enough principal and interest by selling stocks in the open market.
Who will bear the loss?
Even if these financial institutions have the right to dispose of the pledged shares after falling below the liquidation line, they will still communicate with Xintaihua.
If Xintaihua is unable to solve the problem on its own, these financial institutions will actively look for powerful receivers to avoid their own losses as much as possible in exercising their creditor rights.
Although Taihua Group's share price fell below the liquidation line on Wednesday, it did not continue to fall sharply on Thursday and Friday.
It can be seen that Han Shaorong has no intention of exerting too much pressure for the time being, and even the posts on major financial forums criticizing the involvement of New E-China Fund Company in insider trading have decreased significantly, not to mention the direct evidence of direct collusion between Taihua and New E-China fund manager Shi Mingde.
Or maybe Han Shaorong has secretly negotiated with a financial institution that has a stock pledge of Taihua Group.
Of course, it is not excluded that some investors expect that the controlling shareholder will accumulate and take measures to save themselves, so at this time to enter the market to rebound, so that the share price of Taihua Group has gained some support.
Cao Mo still ignored these.
In late October, the stock market was also filled with a pessimistic and desperate atmosphere, and the Shanghai Composite Index once fell to about 1,600 points, and more and more experts and investors pessimistically believed that the Shanghai Composite Index would most likely fall below the lowest point in 05 years. This means that the most pessimistic view is that the Shanghai Composite Index has 40% room to fall on top of the current basis.
Fortunately, Dongsheng Group was supported by the shareholding increase plan of a total of 200 million yuan promised by Tianyue Investment and Xinhong Investment, and the stock price barely remained at 9 yuan per share, not falling to a more dangerous level.
By the end of October, Tianyue Investment initially completed the asset review of Dongsheng Real Estate as soon as possible, and the day after the report was released, Cao Mo went to Tianyue Industry early in the morning to listen to Xu Bin and others discuss the reconstruction plan of the independent laboratory of the carman.
Shen Ji also came over early and walked around Cao Mo all morning.
"You're very idle today, and you've been hanging around me all morning?" Cao Mo asked Shen Ji in disgust.
"The audit report is out, Dongsheng Real Estate is waiting for Tianyue Investment to make the payment, if I don't wander around with you, thinking that I can be quiet when I go to the office of Dongsheng Building in the morning?" asked Shen Ji.
"I signed the relevant documents yesterday, Song Yuqing and Chen Feng went to the bank early in the morning to go through the procedures, it should be that the bank's information review is more cumbersome, but I don't have a problem - do you want to worry about me suddenly repenting, it's useless to stare at me, just run to the Bank of China to urge the transfer to be completed as soon as possible, I think it's difficult to withdraw!" Cao Mo said.
"Did you really sign it all?" asked Shen Ji.
"Why am I lying to you, what do you have to let me deceive?" Cao Mo asked with a smile.
"Hey, seeing that you were quiet in the morning, I was worried for a long time, and I thought you would have to grind for two more days. I don't have a rut, the old man ran to me last night, saying that it depends on whether my chess level has regressed in the past few years - you said that I haven't played chess for ten years, where do I remember what chess games, and I played several games of chess, do you think I can not come today......?"