"Have you tasted the sweetness, just staring at the meat and bones of Dongjiang Securities?" Ge Jun kept staring at Cao Mo when he saw that he had spoken, patted his bald head and said, "Dongjiang Securities Industrial Trust Investment Fund, it's not that it can't be borrowed at low interest, but it must be a convertible bond, and the conditions are quite harsh, I don't know if you can accept it?"

At present, in the trust market, there are basically no low interest rates, and most of them are short-term loans.

Tianyue Industry does not want to pile up unnecessary financial costs, and at this time, if it wants to get a loan or loan with a low interest rate and a long term, it has to accept some other strings.

Convertible bonds, that is, when the loan occurs, the conditions for the conversion of equity are agreed, and when the bond matures, the creditor can get back the principal and interest according to the agreed interest, or it can convert all or part of the debt held into the company's equity according to the agreed conditions.

The REIT investment fund under TK Securities also commonly uses this method to control risks.

At this time, in addition to the interest and the term of the loan, the convertible price is more critical.

"It's completely acceptable, and everyone knows that I'm not greedy at all, and I won't give Dongjiang a high conversion price, so I'm worried about whether you can lend enough funds, or if you have a total amount of money, you also consider it?" Cao Mo said, "We will inject another 200 million funds, and Tianyue will sell convertible bonds to the two of you according to the total valuation of 800 million yuan at the convertible stock price after three years—this condition should be relatively relaxed, right?"

"I kind of understand why Dong Chengpeng is annoying you," Qian Wenhan patted his forehead and said jokingly, "You are purely engaged in refueling tactics - I only spent 10 million to invest in Tianyue Industry, and I only need 10 million for additional capital injection, but if I want to share convertible bonds with Dongjiang Securities, I still have to take out 200 million, how do I feel that I have fallen into a thief ship and fallen into a bottomless pit?"

"This depends on what you expect from Tianyue Industry," Cao Mo said with a smile, "If the business performance of Tianyue Industry is not satisfactory, you can at least take away the principal and interest, and the greater loss is borne by me, but you think about it, what if Tianyue has good development prospects? At that time, Xinhong and Dongjiang will only hold seven points of shareholding, is it too low? Now you take 400 million convertible bonds, and when the time comes, all the debts will be converted into equity, and the shares of the two of you will be close to 40 points, and this meat and bone will have a chew!"

"Building a car is a big pit, Tianyue Industry will really have a good development in two or three years, and then it will inevitably need to board a newer and higher platform, and I don't know how much capital needs to be filled, and how many shares will be diluted. Qian Wenhan said with emotion.

"Tianyue Industry may be a big pit, you need to ensure that you have enough shares now, so as not to be spread out in the future without a sense of existence!" Cao Mo said, "I don't have much contact with domestic investment companies, and I think there is still a difference between Xinhong and Huamao." In addition to making more money, you obviously still think that Xinhong's investment can promote the development and accumulation of domestic industries and technologies, which also means that Xinhong needs to take more risks than Huamao and endure more loneliness. ”

The proprietary department of Dongjiang Securities has its own decision-making mechanism, which is not something that Ge Jun can say, but Qian Wenhan's long-term cooperative relationship with Dongjiang Securities has made Qian Wenhan not only have a strong influence on the senior management of Dongjiang Securities, but also have a deep status and prestige among the main investors of Dongjiang Securities.

Tianyue Industry is not a listed company, and it does not have any fame and too deep roots in China, and if it wants to issue such a large-scale convertible bond at once, it will inevitably be strongly questioned within Dongjiang Securities.

Qian Wenhan participated, and even took on more shares, so that things would go smoothly.

With Qian Wenhan's stronger endorsement and financial guarantee with Dongjiang Securities, it will be easier to negotiate with Huachen and better resolve Huachen's internal resistance.

"Look at your high hat for me!" Qian Wenhan said with a smile, "The board of directors of Tianyue Industry is re-elected, and you plan to drag me in?"

Although Qian Wenhan has long been capitalized, and Xinhong Investment no longer has an entity that directly manages and operates, as a pure investor, he has held the equity of Xinhai Gold for a long time over the years, and has always supported Zhou Shenhe to take charge of Xinhai Gold, which was indeed said to be a weakness by Cao Mo.

For general financial investments, even if the shareholding exceeds a certain percentage, you are eligible to be elected to the board of directors, but there are many qualified investment managers in Sun Hung Investment who can represent Sun Hung Investment in the investment company, and Qian Wenhan cannot have too much energy to concurrently serve as the director of all the participating companies.

He will concurrently, and will only concurrently, concurrently serve as a director or other position of the participating companies that occupy an extremely important position in Sun Hung Investment's territory.

At this time, seeing that Qian Wenhan expressed his willingness to personally participate in the board of directors of Tianyue Industry, Shen Ji and Chen Rong all knew that this was done.

"Then it's decided, I'll call Xu Bin and Huang Yijiang later, and ask them to report to you when they arrive at the company!" Cao Mo said, "I'm coming back this time, there are too many things, it's impossible to participate in the negotiation with Hua Chen from beginning to end, so I can only count on you and Ge to always support Xu Bin and them......"

"Hey, I'll regret handing over this pole now, but you can't climb so fast!" Qian Wenhan said bitterly, but he didn't expect that he just nodded, and he didn't talk about the specific agreement or anything, Cao Mo directly threw a bunch of things on his head.

"When Xu Bin came out of Huachen, he became a regional sales manager, which may be slightly higher than my previous status in Dongsheng, and if there is no one to support them, I am worried that the negotiation scene will be more ugly!" Cao Mo said.

Although Huachen Group is forced by the situation and other buyers to withdraw, it is willing to negotiate with Tianyue Industry, but it does not mean that Huachen Group's resistance does not exist.

Qian Wenhan, who has a pivotal position in the field of Xinhai industry and investment, can directly participate in the negotiations, the meaning is obviously different - and the time is too tight, Cao Mo saw that Qian Wenhan was interested in the future development of Tianyue Industry, so he directly pulled him into the water, so Han Shaorong would mistakenly think that he and Qian Wenhan had discussed this matter for a long time and deeply, right?

"Mr. Chen doesn't have to go to Dongsheng recently, Tianyue Industry doesn't plan to participate?" Qian Wenhan looked at Chen Rong with interest and asked.

Chen Rong resigned from Dongsheng as senior vice president of the parent company Dongsheng Holdings, vice president of listed companies and director of Dongsheng Holdings, and finally retained by Ding Zhaoqiang, and at the same time she personally held 3% of the shares in the listed company and retained the directorship of the listed company - the listed company Dongsheng Group has disclosed this, and Qian Wenhan and Ge Jun are very aware of this even if they do not have much intersection with Chen Rong.

Chen Rong said with a wry smile: "How to solve Dongsheng's debt problem, it is still hanging, I personally have a bit of wealth, and I am locked in Dongsheng Group and Dongsheng Real Estate - Cao Mo's side, he can do a good job by himself, I can't point fingers, if I have some spare funds in my hand, I will participate, but now I have to take a step at a time." ”

When the market value of Dongsheng Group was the highest, it was also the peak of the last round of bull market, reaching 30 billion.

At that time, Chen Rong's personal net worth also increased by leaps and bounds, reaching more than one billion.

However, Ding Zhaoqiang said that he was stubborn and self-serving, or that he had strong confidence in Dongsheng, in short, he personally did not want to secretly manipulate Dongsheng's stock price for profit, and he did not allow the top executives of Dongsheng who held shares to make profits from it.

Of course, those shareholders who only make financial investments in Dongsheng do not need to be restricted by Ding Zhaoqiang if they reduce or increase their holdings of Dongsheng's shares, but if the senior executives of Dongsheng who hold shares want to reduce their shares, they will either automatically obtain the right to reduce their holdings after six months of resignation, or they must obtain the approval of the board of directors of the listed company and allow them to reduce their holdings only after making corresponding disclosures.

At the peak of Dongsheng's market capitalization, it was not that no one thought of reducing their holdings, but Ding Zhaoqiang did not allow it.

Chen Rong was still in order to increase his personal capital injection into Dongsheng Real Estate, and only obtained Ding Zhaoqiang's approval to reduce his 1% stake in the listed company when the market value of the listed company Dongsheng Group exceeded 20 billion.

Dongsheng Group's current market value has fallen below 8 billion yuan and there is no trace of stopping the decline, from this point of view, Chen Rong reduced his holdings of 1% of the shares in April and May last year to obtain 200 million cash, which is still a very correct choice.

However, Chen Rong invested this part of the funds obtained from the reduction into Dongsheng Real Estate, increasing her personal shareholding in Dongsheng Real Estate to 4%, and it is not yet known whether this investment decision is right or wrong.

Don't talk about Shen Ji, Chen Rong also hopes to turn the topic to Dongsheng's debt problem, but Qian Wenhan feels that now is not the time to talk about this, raised his wrist, pointed to his watch and said to Cao Mo: "My daughter raised a golden retriever, but it was fresh for half a year, and now she feels annoyed, so she throws the dog to me, and I am now responsible for walking the dog every day - I won't delay here, I have walked the dog, and I will arrive at the company at about ten o'clock, you let Xu Bin and Huang Yijiang go directly to me to see how to negotiate with Hua Chen......

"Okay!"

Cao Mo stood up to send Qian Wenhan and Ge Jun, but Qian Wenhan stopped him and said, "Pull it down, you just sit and continue to talk, can Lao Ge and I still know the way?"

"By the way, Chen Chang's little girl is good, she has a smart brain, her professional standards are passing, and she is willing to do things, if you don't have any positions to arrange for her, I will consider letting her hang up a deputy manager and bring a business team to see if there is any potential for further training......" Ge Jun thought of one thing when he went downstairs and said to Cao Mo.

Chen Chang knows Cao Mo, and his personal relationship with Cheng Xi is even better, and Ge Jun doesn't know if Cao Mo has any other arrangements for Chen Chang here, so he has to say hello before promoting her.

"That's good, you hurry up and promote, I will take advantage of this time to return to China, and I can follow Cheng Xi to rub her for a few more meals!" Cao Mo said.

"Lao Qian still doesn't want to talk about Dongsheng!" Through the window, he waved goodbye to Qian Wenhan and Ge Jun who walked downstairs again, and Shen Ji said with emotion.

"......" Cao Mo shrugged his shoulders and said with a smile, "No one's money is blown by the wind, your uncle still has illusions about Han Shaorong now, and he is unwilling to lower his head, it is impossible for me to force Qian Wenhan to beg him, right?"

Shen Ji shook his head helplessly and said, "I'm in the company now, and I'm avoiding him, let's see......"

"Wait a while, will you go to the unit, or come with us to Jiaying?" Cao Mo looked at Cheng Xi, who had only recovered until now, and asked.

"I'm not qualified to work on stilts!" Cheng Xi stuck out his tongue and said.

"It's almost nine o'clock, then let's send you to the unit first!" Cao Mo raised his hand and looked at his watch, and unconsciously sat in Dingfeng Building for more than two hours, pulling Cheng Xi and saying goodbye to his father and Chen Rong.

Cao Mo sent Cheng Xi to the unit first, and then took Shen Ji's car to Wood Elephant Capital, just in time for the stock market to open.

Now that it is a critical moment, Cao Jiaying did not dare to be a little sloppy, and rushed to the company very early, pulling Cheng Xin and Wu Ruifang to study and judge the information that came like a tide after the night passed, and discussed countermeasures.

She didn't have time to rush to Dingfeng Building to have morning tea with her just now.

The management of its fund managers may not be very strict, but it is unlikely that fund managers will be allowed to casually cross the bottom line of some rules and trigger direct supervision by state agencies.

Therefore, even if Shi Mingde was bought by the Lu family and took Xinyihua's fund as the stock price of Taihuatuo, it is easy to calculate where the upper limit of Shi Mingde's funds is compared with the regulatory and risk control requirements of Xinyihua's various funds.

This can also roughly speculate that the time point when Han Shaorong finally detonated the Thai-Chinese debt crisis was in these two days.

In the past few days, Cao Jiaying, Cheng Xin, and Zhao Cheng, who is responsible for cooperating with this action as a risk controller, are all as nervous as if they were on the battlefield.

"There's no need to be so nervous...... Cao Mo, who won't miss the show, walked into the independent trading room with Shen Ji, and saw Jiaying, Cheng Xin, Zhao Cheng and the other two researchers standing there, only a young female trader sitting in front of the computer screen, which made him feel that the atmosphere was extremely tense.

"You don't have back pain when you stand, whether the wooden elephant can turn over depends on this battle!" Jia Ying glanced at Cao Mo and said angrily.

"I really have a back pain!"

Cao Mo pulled a chair and sat in the corner of the trading room.

In addition to a computer on the female trader's desk, there are also multiple screens hanging on the wall, which update the main indices and the time-of-day trends of the stocks that are the focus on in real time, so that everyone can see them at a glance.

To be honest, as soon as he got off the plane, he talked with Ge Jun and Qian Wenhan for two hours, and after sending Cheng Xi back to the unit, he rushed here again Cao Mo felt somewhat tired, he

Just stared at the screen with Erlang's legs crossed, and couldn't help yawning.

The market can be said to be still falling endlessly.

When I returned to China in early September, I saw many comments that the Shanghai Composite Index had fallen to 2,000 points, and a month later, I saw the Shanghai Composite Index rise and fall, and at this time it had fallen below 1,800 points.

Cao Mo used the 20 million funds he gave to Wood Elephant Capital on behalf of his clients, although the account loss was not large, but there was no profit of half a dime.

But it is Tianyue's special investment account, with Shi Mingde's manipulation of the new Yihua Fund's funds into the market, Taihua's share price has risen sharply, and the more than 20 million shares bought before have almost a profit of more than 30 million, no wonder Jiaying will say that the success or failure of the wooden elephant is in this battle.

Of course, Jia Yingming knew that the Taihua debt crisis was about to detonate, and it was impossible to sit still, so they started to reduce their positions last Friday, and currently only hold 5 million shares of Taihua, and have almost cashed out most of the profits in the early stage.

Lu Jianchao and Lu Jiancheng, as the actual controllers of listed companies, can see the changes in the top 100 shareholders every day, but even if Lu Jianchao and Lu Jiancheng see that Tianyue is reducing their positions in the past few days, they will only think that Tianyue knows that it is impossible to do anything and chooses to withdraw at a profit.

And even if Han Shaorong knew about this through Guo Jian or the internal relations of the stock exchange, he would not think that there was anything wrong with Ensanger and Sturgeon for the time being; however, after more coincidences occurred, Han Shaorong would inevitably be suspicious, but by that time it would no longer matter.

Taihua's stock price went very steadily after the opening, and there was no sign of a crash at all, and it was very boring to watch it for a long time.

"As early as mid-March, Huamao can be seen lurking in Dongsheng with the same method, but unlike their one action in Taihua, Huamao's funds lurking in Dongsheng have always been unmoving, just following the market to buy low and sell high, constantly making low-cost ......," Cheng Xin sat down and said.

Since Han Shaorong had infiltrated Taihua in advance, Cao Mo had no reason not to suspect that he would do the same to Dongsheng.

Therefore, the last time he returned to Africa, he told Jiaying and Cheng Xin to keep an eye on Dongsheng's disk and analyze the changes.

Cao Mo also suspected that in Han Shaorong's eyes, Taihua's goal was more priority than Taihua.

Although Ding Zhaoqiang is not popular, Taihua's main business development ideas are very clear, and Ding Zhaoqiang's mind to be an entity is also very firm.

In comparison, the Lu family's speculative psychology is too strong, and as a result, Taihua's main business is messy, and it seems that there are many topics that can be hyped, but the foundation is frivolous and cannot be transformed into real performance.

The Ding family controls three aircraft carriers, namely Dongsheng Group, Hexi Industrial Investment and Development Fund and Dongsheng Real Estate, which are listed companies with Dongsheng Holdings.

Dongsheng Group is mainly engaged in grain, oil and aluminum profile business, and has not deviated from this main line of business since its backdoor listing, with stable management and full development of the industrial chain and market.

Even though the listed company Dongsheng Group may record its first loss in nearly a decade due to the impact of the economic crisis, the institution has no sign of abandoning Dongsheng, and the stock price as a whole follows the fluctuations of the broader market.

Of course, the grain, oil and aluminum profile business are very traditional, except in the bull market, usually will not be sought after by funds.

Hexi Industrial Investment and Development Fund is indeed mainly focused on investing in emerging and high-tech enterprises.

As the biggest bet of the Ding family, and Dongsheng Real Estate, which directly pushed Dongsheng to the brink of crisis this time, under the direct leadership of Ding Zhaoqiang, is also very solid in Xinhai and surrounding economic development cities to acquire land to build large-scale real estate and building complexes, and wants to be among the ranks of first-class real estate developers.

In any respect, Dongsheng's assets are much better than Taihua's.

"The Tai-Hua crisis detonated in the past two days, and we believe that Huamao will have a tentative attack on Dongsheng at the same time......"

Cheng Xin was responsible for staring at the changes in the two stocks of Taihua and Dongsheng during this time, and before he finished speaking, he saw that the Dongsheng time-sharing chart displayed on a screen suddenly fell by a large margin, as if it was specifically to fulfill Cheng Xin's words.

Shen Ji's heart tightened, and he almost knocked over the teacup in his hand.

The Ding family also borrowed a large amount of funds against the shares of listed companies to support the development of Dongsheng Real Estate, and the decline in Dongsheng's stock price will also induce the risk of liquidation, and then Dongsheng's debt will completely explode.

Seeing this scene, how can he not be nervous?

Everyone's eyes were fixed on the screen, and they saw that large and small sell orders were intensively hung out, and in just two or three minutes, Dongsheng's stock price was like a waterfall falling into the Changchuan River, directly dragging it from a slight rise of one point to above the falling limit.

The female trader sitting in front of the screen of the Taihua time-sharing chart turned her head to look at Cheng Xin and Cao Jiaying at this time: they predicted that Dongsheng and Taihua's stock prices would be linked, and at present, Dongsheng was diving, and they wanted to maximize their returns, so they should directly empty all Taihua stocks in their hands now.

"Don't move," Cheng Xin instructed the female trader directly, "There are only three main funds in Taihua at present, and Huamao knows it very well. We make a move now, and Huamao can easily judge that their actions of lurking Dongsheng and Taihua have long been detected by us - you keep an eye on the market, wait for Taihua's stock price to dive, and then sell the goods after a minute; of course, it may not be able to be thrown, and you need to bear one or two falling limits!"

They now hold a small amount of Taihua stocks, even if they bear one or two falling limits, they can fully bear it, and everyone's attention is still on Dongsheng's time-sharing chart.

Dongsheng's stock price was not pressed on the falling limit, and after staying on the falling limit for just three minutes, it was intensively bought again, and the stock price was quickly pulled up and maintained at the position of falling five points.

"Huamao has a large number ......of decentralized accounts, and they are only starting to act now, they will not let outsiders speculate how many chips they have sucked in their hands, on the other hand, they will also consume Dongsheng's own disk protection funds, and at the same time test whether there will be other funds involved!"