Cao Mo teamed up with Qian Wenhan and Dongjiang Securities Industrial Investment Fund to inject 3 to 4 billion yuan into Dongsheng Real Estate, which is enough to help Dongsheng Real Estate get out of the current debt crisis, that is, Cao Mo does not covet the control of Dongsheng Real Estate.

Even if the maximum capital injection is carried out according to the amount of 4 billion, Cao Mo and Qian Wenhan and Dongjiang Securities, plus Chen Rong's private shares, will hold a total of 42.4% of Dongsheng Real Estate's shares, and the other shares will fall into the hands of Ding Jia, Dongsheng management, Shang Wendong, Cheng Xiang and other small and medium-sized shareholders.

Even if small and medium-sized shareholders such as Shang Wendong and Cheng Xiang are excluded, the Ding family and the management of Dongsheng still hold more than 50% of the equity of Dongsheng Real Estate.

However, if they want to completely take away the control of Dongsheng Real Estate from the hands of the Ding family, it is necessary to completely detonate Dongsheng's debt crisis, and force Dongsheng Real Estate to go through bankruptcy and reorganization procedures when the Ding family is unable to repay its debts.

However, at this time, it is necessary to invest in the bankruptcy and reorganization first, but after obtaining the control of Dongsheng Real Estate, it is necessary to inject new funds into Dongsheng Real Estate to restore its liquidity and construction.

This is not something that can be solved with three or four billion funds, and the process will be much more complicated and cumbersome.

If you want to get the controlling stake of the listed company Dongsheng Group and the control of Hexi Industrial Investment Fund by the way, the consideration to be paid will inevitably be higher, and it will be a rare bankruptcy and reorganization case with a scale of up to 20 billion yuan in China.

The same thing.

The brothers Lu Jiancheng and Lu Jianchao may only need to introduce more than one billion funds to completely solve the debt crisis they are facing at this time, but who wants to seize the many projects promoted by the Taihua Group and the shores of Conero Lake and the Lu family in the name of New Taihua Investment and Taihua Group, and carry out follow-up construction and operation, it is definitely not something that can be solved by hundreds of billions of funds.

Cao Mo still has more than one billion cash in his hand, and may be able to acquire 50% of the shares pledged by the listed company Taihua Group, so as to seize the controlling stake of Taihua Group, but the listed company Taihua Group has only 31% of the shares of the project such as Conero Binhai New Town, New Taihua Refinery, and Conero Lake Port.

Winning the controlling stake of the listed Taihua Group, can't grasp the dominance of this series of projects, let alone lead the follow-up construction?

Even if Lu Jianchao and Lu Jiancheng have no power to resist this time, not only lose the controlling stake of the listed company Taihua Group, but also enter bankruptcy and reorganization with heavy debts, or the shares of New Taihua Investment mortgaged out of many projects fall into the hands of creditors because they are unable to repay their debts.

At this time, after Cao Mo got the controlling stake in Taihua Group, he wanted to grasp the control of many further projects, and the links involved would be more complicated, and the funds needed to be used would be more terrifying.

On the one hand, Huamao, as an important shareholder of these projects, has the same priority as the listed company Taihua Group and another major shareholder, Volkov Investment, whether it intervenes in bankruptcy reorganization or directly acquires the shares of these projects from other creditors.

Even if Cao Mo and Sturgeon secretly reached an agreement to jointly suppress Huamao, Huamao could also use a very critical power at this time, that is, the right to buy by shareholders who dissented.

In China, the degree of protection for small and medium-sized shareholders is seriously insufficient, and usually after the majority shareholder makes a decision, even if the small and medium-sized shareholders expect that the decision of the major shareholder will harm their own interests, they can transfer their equity to others, but they do not have the right to oppose and withdraw or withdraw their capital; except for listed companies, it is usually very difficult for small and medium-sized shareholders to transfer their shares.

The country of Kanem, on the other hand, has chaotic social order and corruption, but it has a perfect legal system left over from the colonial time. In Kanem's company law, there is a crucial protection system for small and medium-sized shareholders, that is, when they are unable to resist the decision of the majority shareholder, in addition to transferring the equity to others, they also have the right to request the majority shareholder to buy the equity held by him or directly withdraw the investment he has previously injected.

In the event of an unfavorable competition for the equity of many projects, and in order to avoid dilution of the equity by the major shareholder or the control of the project finance by the major shareholder in the future, Huamao has the right to request the preferential sale of their equity at the same price.

This also means that even if Cao Mo just wants to get the substantial control of many projects in his hands, the funds he needs to use will be far beyond imagination.

And the follow-up construction funds for these many projects will also be astronomical.

Han Shaorong waited until Tianyue officially completed the capital injection into Dongsheng Real Estate before finally showing up on Lu Jiatu, which was also based on the judgment of this objective fact.

Cao Mo still wants to go in to stir up the situation, and he must have the qualifications to disrupt the situation.

"Han Shaorong chose to sacrifice the last killer weapon today, because it is expected that I will not be able to stir up the situation again," Cao Mo handed the helmet to the staff on the side and said to Ding Zhaoqiang, "But the more he thinks about it, the more I want to stir up this situation - I am ready to entrust Dongjiang Securities to set up a trust fund to launch irrevocable acquisitions of these financial institutions that hold the pledge rights of Taihua Group's shares, do you want to participate in it......"

Tianyue's strength is still weak at this time, and he is not qualified to wrestle with Huamao alone, even if he does not inject capital into Dongsheng, Tianyue will have a very hard time trying to pry up such a big plate.

However, this does not mean that there are no other roundabout means - securities companies, trust companies and other financial institutions only really reflect their original meaning at this time.

And even if it is to stir up the situation, Cao Mo will make Han Shaorong uncomfortable and uncomfortable.

Tianyue Investment's investment in Dongsheng Securities this time is considered to be famous, but it is only a newcomer in the Xinhai business community after all.

If you really want to negotiate with these financial institutions that hold the pledge rights of Taihua Group's shares, the qualification review alone can toss people to death, not to mention how Tianyue Investment can attract the real attention of these financial institutions.

How do these financial institutions judge that Tianyue Investment is not a pure disruptor?

Just like Ding Zhaoqiang, he was still worried until the last moment, worried that Cao Mo might suddenly change his hexagram.

Initiating an irrevocable acquisition means that once the acquisition is initiated, the offer is irrevocable within the agreed period, and as long as these financial institutions accept the offer, it must be renewed and executed.

Of course, Cao Mo's initial offer will not be too high, the main purpose is to provide a guaranteed reserve price for these financial institutions that hold the pledge rights of Taihua Group's shares, and the first step is to prevent Huamao from taking cheap chips from these financial institutions, so that the killer feature he showed today will be ineffective.

There is revenge and revenge, and no matter whether there is the possibility of winning control of many projects in Conero Binhai New City in the future, Ding Zhaoqiang cannot forget Han Shaorong's ruthlessness to the Ding family, and said: "Of course, this must be involved, but Dongsheng is still early to recover, so it can only be properly involved, and it is enough for this trust fund to leave 10% of Dongsheng Holdings!"

Speaking of this, a thought flashed through Ding Zhaoqiang's mind, and he said to Cao Mo: "Entrusting Dongjiang Securities to set up this acquisition fund can actually use the bank's leverage - Li Xiaodong asked me to meet in the past two days, do you want to participate?"

Leveraged buyouts are similar to trust funds, after the three parties sign the agreement, the acquisition agreement officially takes effect, and acquirers such as Tianyue Investment only need to take out 30-50% of the inferior funds into the acquisition fund, and then financial institutions such as banks, trust companies or public and private equity funds provide other remaining funds at the agreed fixed interest to complete the acquisition.

If it can be negotiated, it will be able to effectively control their own cash consumption in the stage of competing for a controlling stake in Taihua Group.

Of course, when Ge Jun proposed the establishment of a buyout fund, he considered the element of using leverage, which was even more far-reaching than Ding Zhaoqiang's hasty consideration.

The several financial institutions that hold the pledged shares of the Taihua Group are all securities companies, and these securities companies have similar banking departments and equity investment departments.

When they set up an acquisition fund to launch an irrevocable acquisition plan, they inevitably had to consider the eventual withdrawal of Han Shaorong and Huamao, and they also formulated a comprehensive response plan for this.

The first step was to convince the securities companies to directly provide a portion of the borrowed funds to the buyout fund for the acquisition of Taihua Group's shares, which itself would be written into the irrevocable acquisition plan.

"Then we will ask Li Xiaodong to meet in Jinhonghui, in addition to being able to rub Qian Wenhan for a meal, we also urge him to quickly transfer 500 million to Dongsheng Real Estate, we have completed our actions, and the 100 million on the side of Dongjiang Securities can be in place step by step!" Cao Mo said.

When Shen Ji and Guo Guangxin contacted Li Xiaodong, Qian Wenhan, Ge Jun and others respectively, Cao Mo told Ding Zhaoqiang some details of the plan to set up an acquisition fund - Han Shaorong was trying to make a dagger, and now it was their turn to make an official move.

After listening to Cao Mo explain their plan in detail, Ding Zhaoqiang knew that Cao Mo, Qian Wenhan, and Ge Jun had already planned extremely carefully.

Now the money is so tight, the funds in the market are limited, and everyone is scrambling.

Tianyue and Xinhong want to use a small amount of money to complete the acquisition, but there are not too many financial institutions willing to cooperate to provide funds.

He just proposed to bring in the Xinhai Union Bank, but in fact, the possibility of the Xinhai Union Bank providing a large loan is not high.

However, for those securities companies that hold the pledge of Taihua Group's shares, this matter itself is a thorny problem for them to solve, and if they are not careful, they themselves will suffer huge losses.

According to the plan designed by Ge Jun, although these securities companies have not completely extricated themselves from the debt situation of Taihua Group, in addition to recovering part of the principal, they have also greatly reduced the pledge rate, and this part of the debt can cancel the "bad risk" label and temporarily become a safe asset.

Ge Jun even wanted to persuade one or two securities companies to directly take a stake in Taihua Group in order to prevent the controlling stake of Taihua Group from falling into Huamao's hands.

Cao Mo and the others were not in a hurry to put forward these plans before, and they were waiting for Han Shaorong and Hua Mao to show their daggers to these securities companies first.

Otherwise, these securities companies usually don't even look at Dongjiang Securities, why do they have in-depth contact with the little-known Tianyue in addition to Huamao, which is famous in the industry and strong enough in capital strength?

Of course, it is now possible to attract the participation of the new Hailian Bank, and it is necessary to strive for it as much as possible.

Since it is an official move, there is no danger that the news may spread from Li Xiaodong's side......