Chapter 366: Pros and Cons

On the one hand, it is inconvenient for Xu Xin to say it in front of Cheng Xi, and on the other hand, this matter is not direct evidence - the transfer of Xu Xin to be responsible for following up the cooperation projects related to Tianyue was suggested by Dong Chengpeng, but it was also agreed by Ding Zhaoqiang.

If Shen Ji was really to run over and say that Dong Chengpeng had ill intentions, Ding Zhaoqiang might even think that they were suspicious and chasing after the wind.

And letting Xu Bin contact Huachen only put pressure on Ding Zhaoqiang and other people in Dongsheng who hoped to get financing from Tianyue, and for Dong Chengpeng, who didn't want to see Tianyue and Dongsheng work more closely together, they were probably more happy to see this kind of situation where they had the opportunity to stir up trouble.

Don't think about what evidence you can find for a while, what kind of society is now, and it's not a traitor, it is impossible to say that finding out that Dong Chengpeng and Han Shaorong have made a few phone calls or met a few times, can it be evidence that he betrayed the interests of Dongsheng and the Ding family?

And the key to everything is Ding Zhaoqiang.

Ding Zhaoqiang: His willingness to accept Tianyue's capital injection is not strong.

Otherwise, with Ding Zhaoqiang and his family holding 70% of the shares of Dongsheng Real Estate, how could he be able to overcome public opinion, and it would be impossible for him to be led by Dong Chengpeng and the other two directors and shareholders.

Or maybe Ding Zhaoqiang actually knew that Dong Chengpeng and Han Shaorong were very close, and he didn't mind cooperating with Han Shaorong, but was waiting for Han Shaorong to offer him?

Cao Mo thought about it in all aspects and found that there were too many variables in things, and Ding Zhaoqiang's mind was too erratic.

He has shown enough sincerity to rush back to China this time, but it is impossible to lend Dongsheng, the most precious cash at this stage.

Cao Mo pondered for a moment, took a deep breath and asked Chen Rong:

"Aunt Rong, how much personal debt do you want to repay in the short term, do you want to find Dongjiang Securities or which institution to replace it first?"

In the short term, whether it is a listed company or Dongsheng Real Estate, it is impossible to pay dividends, nor can it be possible to return the arrears to shareholders, so Chen Rong previously borrowed funds from other places and twisted to Dongsheng Real Estate for use, and now it is necessary to consider the issue of short-term repayment.

As long as Chen Rong does not have the pressure to repay debts in the short term, even if the debt crisis of Dongsheng Real Estate and the listed company plus the Ding family breaks out, Chen Rong does not have to worry about not being able to bear the past for the time being.

"There was a payable two months ago, a shortage of 300 million, was made up by several shareholders temporarily, I had no cash in hand at the time, so I got a short-term payment of 30 million from the finance company, which needs to be repaid within a month, and a loan of 60 million borrowed from the Bank of China will not expire until March next year. Chen Rong said.

"I'll find Ge Jun tomorrow to see if I can make a two-year or three-year trust, and first make up 100 million yuan to replace Aunt Rong's two loans. Cao Mo said.

Cao Mo has a lot of funds in his hands, but when it comes to using them, he will still be stretched.

In the past, there were no conditions in Africa, and in the country, no matter what, we should also make good use of financial leverage as much as possible to reduce the cash consumption in our hands.

Even if the monetary system is very tight now, if Dongjiang Securities can find inferior funds to support it and offer relatively high interest rates, there are still many wealthy families who are willing to invest the remaining funds in the trust.

In this way, Cao Mo only needs to pay twenty or thirty million inferior funds to temporarily solve the short-term debt repayment problem faced by Chen Rong first, and the most important thing is to release a signal to Ding Zhaoqiang, Dongsheng's mess, he is not involved, what do you like to go, he doesn't want to speculate on such complicated thoughts.

"......" Shen Ji shook his head with a wry smile.

Cao Mo has a temper and can stand idly by, and Chen Rong can also choose to wait and see for the time being, but Shen Ji can't have such a detached mentality.

Regardless of the predictions of Ge Jun, Qian Wenhan and others, or his work practice over the years, or the reality of the current global economy, the subprime mortgage crisis is taking the global market deeper into the abyss.

Dongsheng Real Estate, Hexi Fund and the listed company Dongsheng Group and the Ding family, the debt crisis is not independent, but forms a chain whole that affects the whole body.

This is related to the rapid development strategy of Dongsheng in recent years.

In the early years, Dongsheng made every effort to develop the business of building materials, grain and oil, and successfully packaged the assets into the listed company, and then used the assets obtained from the reduction of holdings from the listed company and the annual dividend of the listed company to establish Hexi Fund to make various investments.

In 01 and 02, Dongsheng developed and built Dongsheng Building, which was used as Dongsheng Headquarters Building, and during this period, seeing that the real estate, especially the commercial housing market, had the opportunity to explode, Dongsheng went all out to enter the real estate development in addition to the listed company and Hexi Fund.

Real estate development is an asset-heavy industry, especially Ding Zhaoqiang has the ambition to become a first-class real estate developer in a short period of time, whether it is land hoarding or large-scale construction of buildings, it needs to use a huge flow of funds.

Dongsheng Real Estate's own scale is limited, and the money that can be borrowed directly from financial institutions is far from meeting the needs of rapid development, so Ding Zhaoqiang borrowed the shares of listed companies held by the Ding family from financial institutions and lent the money to Dongsheng Real Estate for use.

At the same time, Hexi Fund also did everything possible to raise borrowings and lend them to Dongsheng Real Estate.

In the past three or four years, Ding Zhaoqiang has used various levers to the limit, and even illegally occupied a part of the cash of listed companies, supporting the debt scale of Dongsheng Real Estate to an astonishing 30 billion.

If the sales of new real estate in Xinhai and the surrounding areas did not turn sharply after April 07, and the capital flow rate before 07 could be maintained, the liquidity of Dongsheng Real Estate would be no problem, but the fact could not be completely carried out as expected.

In 07, the sales of new properties began to decline, and the capital chain of Dongsheng Real Estate began to tighten, and it had to borrow short-term loans many times, as well as semi-mandatory requirements for shareholders to provide a part of the loans to supplement the lack of liquidity, but this also made the short-term debt of the entire Dongsheng system pile up higher and higher.

The trust fund negotiated with Cao Mo and Dongjiang Securities a year ago has only one year of loan options.

Taking into account the entire Dongsheng system, including Chen Rong, these important shareholders, the total short-term debts to be repaid in three months are as high as 3.5 billion, and the debts that need to be repaid within one year are as high as 12 billion.

And even if the market does not continue to deteriorate, the internal employee promotion can continue smoothly, and the Dongsheng system can only provide less than 2 billion funds within three months.

Now I am worried about how to fill this short-term gap.

"It's all said that the price is sky-high and you sit on the ground to pay back - you don't care how unreasonable the conditions offered by the Dongsheng Board of Directors are, you also come up with a plan first, let me go back and make a good deal?" Shen Ji said.

Shen Ji is caught in the middle of it and is difficult to become, but he can neither force Cao Mo to do anything, nor can he stand idly by, so he can only let Cao Mo also put forward some specific cooperation conditions first, and he runs around in the middle to see if it is possible to negotiate a mutually acceptable plan.

Shen Ji felt that in this way, he would not be led by the nose by Dong Chengpeng and others in everything.

"If you want me to propose a plan, it must be very harsh......" Cao Mo said with his head in his hands, leaning on the back of the couch.

"You'll have to bring it up so I can see how different it is. Shen Ji said.

“...... Dongsheng Real Estate is priced at 8 billion, and I will inject 2 billion funds into it in exchange for 20% of the shares - other than that, I will not agree to other strings attached,"

Cao Mo wrinkled his face as if he had eaten bitter melon, and said with a smile,

"Don't frown, since Dongsheng treats me as an outsider, I will also quote normally according to the current financial investment market, if the market environment is worse after a while, this quotation will be lowered - you will take this plan to pay the difference." Maybe your uncle doesn't mind trading with Han Shaorong, with my offer, he can also negotiate with Han Shaorong, and if your uncle intends to trade with Han Shaorong, Dongsheng and Hexi Fund's shares in Tianyue Industry, Conero Food, and Conero Energy, I can buy back at a premium first, so as to create more room for Dongsheng to negotiate with Huamao, which can be regarded as my due contribution to the old club. Well, when this mess is cleaned up, come over and take over Tianyue Investment......"

Shen Ji smiled bitterly and nodded, Cao Mo said another possibility, that is, his uncle may have long regarded cooperating with Han Shaorong as a more preferred choice, then it would be useless for them to come up with evidence of Dong Chengpeng's secret collusion with Han Shaorong, unless Han Shaorong's offer was more outrageous and unacceptable to the Ding family.

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Shen Ji drank tea for a while before leaving first, and Cheng Zhengjie asked Cao Xiong a little dumbfounded: "Do you know what Cao Mo is doing in Africa before?"

"I don't know now," Cao Xiong stroked his hair and smiled, "I can't make more money than my wife, and I can't compare to my son, I care so much about not finding my own guilt......?"

Cao Mo only explained everything he did in Africa last year, but Cao Xiong didn't know too specific at the time, only knew that Cao Mo's profit in a year might exceed 2 billion yuan at its best, so he was no longer in a hurry to finance or borrow money to further expand the scale of the Wooden Elephant B&B, but patiently improved the quality of the Wood Elephant B&B on the basis of the current stage.

Not only does Cao Mo not talk about too specific things, Chen Rong usually makes her own decisions on what she usually does, especially on specific investment matters, and she will not ask his opinion too much, so as to maintain the boundary between career and family.

The reason why Cao Mo brought Shen Ji to his house today to talk about work matters was mainly to make Cheng Zhengjie, who was confused, and Cheng Xi, who was shocked in his heart and might not be able to digest the facts well, to understand more specifically that he seemed to be quite calm in China, but in fact there was an undercurrent surging under the surface of the water, so that Cheng Zhengjie and Cheng Xi had a more intuitive understanding of the complex and subtle relationship between him and Dongsheng, Dongjiang Securities, Sun Hung Investment, and Han Shaorong.

............

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After Shen Ji left Tianzifang, he parked his car under the Hongqiao Road elevated.

It's ten o'clock at night, and the colorful car river on the elevated highway is like a long dragon.

Shen Ji lit a cigarette, let the evening breeze blow, sorted out the chaotic thoughts, and dropped the cigarette butt to the side of the road very unqualified, and continued to start the car and drive towards the banquet garden on Longhua Road.

It was a place where the women of the Ding family could not be tolerated.

On a particularly busy day, his uncle would stay in the banquet garden until eleven or two, and then leave and return home as if he had finished a hard day's work, and today his uncle would certainly be there, waiting for him to hear a definite message.

Shen Ji parked the car in front of the villa building on the shore of the landscape lake in the community, and saw through the wooden fence that in the brightly lit living room, his uncle and Dong Chengpeng were sitting drinking tea; the woman was almost forty years old, but her skin was as delicate as a girl, even at home, she had exquisite makeup, wearing close-fitting Hanfu, and at this time she was sitting at the tea table with her legs bent and making tea for his uncle and Dong Chengpeng.

Shen Ji got out of the car and pushed open the wooden gate and walked into the semi-open courtyard in front of the villa, and Ding Zhaoqiang and Dong Chengpeng noticed him.

"Why did you go for so long?" Ding Zhaoqiang asked with a frown.

The woman took a celadon teacup out of the tea tray with bamboo tweezers, placed it in front of Shen Ji, and poured the tea all over it.

"I asked Cao Mola to go to the house for dinner, and I rushed ......over to talk about good things," Shen Ji said.

In front of his uncle, even though Shen Ji had been working for all these years, he was still more or less afraid.

He was worried that his uncle would be furious when he heard Cao Moti's capital injection plan, and he was a little embarrassed to talk about it - he thought he had sorted out his thoughts on the road just now, but when he picked up the teacup and felt that his mind was a little messy.

"What, Cao Mo is unwilling to help Dongsheng relieve the financial pressure?" Dong Chengpeng asked.

Seeing Dong Chengpeng so lightly, Shen Ji felt that the back of his head was a little swollen.

"According to me, I should have made it clear to Cao Mo yesterday that I should have made it clear to Cao Mo, there is no need to make a detour. Dong Chengpeng saw Shen Ji's embarrassed reaction, drank tea and said to Ding Zhaoqiang.

"Did Cao Mo not consider it at all, or did he put forward other conditions?" Ding Zhaoqiang asked Shen Ji quietly.

Seeing that his uncle had actually considered a direct showdown with Cao Mo, Shen Ji felt even more big, and secretly felt that his uncle might have cooperated with Han Shaorong as an option to retreat, so it was actually meaningless for him to question Dong Chengpeng now that he secretly had an eye with Han Shaorong.

Shen Ji took a deep breath and said, "Cao Mo hopes to inject two billion yuan into it and take away 20% of the shares, with no other conditions attached to both parties." ”

"Ho!" Dong Chengpeng smiled and continued to drink tea, without commenting, and it seemed that all this was expected by him.

"Asking for money all over the sky, sitting on the ground and paying back?" Ding Zhaoqiang didn't have a strong reaction, but looked at Shen Ji with doubts and asked.

"Cao Mo said that this is a fair price in the current venture capital financing market," Shen Ji said, "Cao Mo also proposed that if Dongsheng finds it difficult to accept his terms, he can first buy back Hexi Fund's holdings in Conero Energy, Conero Foods and Tianyue Industry to relieve Dongsheng's financial pressure." ”

"He's taking advantage of the fire to rob him, isn't he? He delayed his return to China for more than a month, which is really a good calculation. Dong Chengpeng still asked in a very light tone.

Cao Mo said that he wanted a premium, but the specific amount of premium still had to be discussed. Shen Ji could only try not to be provoked by Dong Chengpeng's words, and said in a calm tone.

"Oh!"

Ding Zhaoqiang's tone was very light, but Shen Ji was too familiar with his temper, and he knew how dissatisfied he was in his heart.

Ding Zhaoqiang closed his eyes, the wrinkles at the corners of his eyes were very deep, and there were a lot of gray hairs on his temples.

Shen Ji sat on the cloisonné porcelain stool, silent, lowered his head and sipped tea, just observing Dong Chengpeng's reaction from the corner of his eye.

"In this case, Cheng Peng, then you are responsible for talking to Cao Mo about the repurchase first-as long as the price is right, it can somewhat relieve the financial pressure. Ding Zhaoqiang said in a very cold tone after a long time, opening his eyes.

Shen Ji knew that his uncle's agreement to sell his shares in Conero Energy, Conero Foods and Tianyue Industry was not so much to recoup some of the funds as to be dissatisfied with Cao Mo's strong reaction and determined to decouple, right?

Could it be that his uncle has already talked to Han Shaorong without him, but in fact, Cao Mo's side is just an alternative?

Shen Ji thought for a moment and said: "Cao Mo is not really so harsh on Dongsheng, in fact, he is also in a dilemma now - Taihua's financial pressure is actually tighter than Dongsheng's, Cao Mo's grievances with the Lu family, uncle, you and Dong Zong are clear, the situation continues to be bad, this will be a good opportunity for Cao Mo to hit Taihua hard." Therefore, unless Dongsheng has enough tempting conditions, it will be difficult to persuade Cao Mo to give up this opportunity. Cao Mo mentioned such conditions, maybe he didn't want to be in a dilemma, right?"

"Oh, he's going to do something to Tai Hua, what is he going to do?" asked Ding Zhaoqiang.

Shen Ji glanced at Dong Chengpeng and said: "The Lu brothers have pledged almost all the shares of Taihua Group they hold, and they have all entered the warning area that needs to be supplemented with collateral or margin - Cao Mo or Ge Jun, they all judge that the domestic securities market will usher in a new round of adjustment, and they plan to secretly absorb chips first, and wait until the new round of adjustment arrives, and directly hit Taihua's stock price below the liquidation line." ”

"Is that the end of it?" asked Ding Zhaoqiang.

"Cao Mo wants to keep so much cash in his hand, of course it can't end like this, he wants Ge Jun to contact the institution that accepts stock pledge loans to Taihua in the next period ......of time," Shen Ji took the teapot from the woman's hand and poured tea for Dong Chengpeng.

"He's going to launch a hostile takeover of Taihua?" Dong Chengpeng was taken aback, and asked in surprise as he had before.

"The plan is so, but it may not be as planned," Shen Ji said, "The Lu family and Han Shaorong are too close, the stock price is really going to be broken through the liquidation line, the Lu family would rather be cheaper than cheaper than us, but as long as the Lu family can be defeated, Cao Mo will not let go of this opportunity - so, the conditions proposed by Dongsheng here are not to his liking, so he simply gave up, right? He may also contact Huachen to see if there is an opportunity to acquire some of Huachen's assets and expand Tianyue Industry......

Shen Ji didn't want Tianyue and Dongsheng Zhen to part ways, and deliberately weakened Cao Mo's intention to exert pressure, hoping that his uncle could weigh the pros and cons well.