Chapter 376: Morning Tea
Cao Mo does not doubt the sincerity of Sturgeon's cooperation with him, but sometimes the situation always changes unexpectedly.
At such a critical moment, it is all the more necessary to have someone in charge of keeping an eye on Sturgeon, Niz Oppenheimer, as well as Banco Nacional Ultramarino and the south bank of Conero.
Zhou Han did not come back with Cao Mo this time, but stayed in Africa for the time being, and with Xie Sipeng and Yang Deshan, they always paid attention to the changes in the situation there;
Cao Mo and Shen Ji, Ge Jun, and Qian Wenhan directly made an appointment to have morning tea in the newly opened Dingfeng Building on the main street of Tianzifang, and he and Cheng Xi rushed there and first found a seat by the window on the second floor to sit down.
The morning sun just broke through the haze and shone through the glass window on Cheng Xi's bright and delicate face.
I slept too little at night, Cheng Xi's sleepy eyes were a little swollen, and his natural lying silkworm eyes were deeper, but they didn't destroy the beauty at all.
Shen Ji, Ge Jun, and Qian Wenhan hadn't come over yet, and Cao Mo saw his father wearing pajamas and walking to the takeaway window of Dingfeng Building to line up.
"Dad, why is it your turn to come out and buy breakfast today, Mrs. Cao?" Cao Mo shouted as she poked her head out of the second-floor window.
"You've gotten off the plane at this point, why don't you go home, what are you doing sitting upstairs in Dingfeng? Your grandmother has a cold, and she still thinks about when you can get home today?" asked Cao Xiong.
"I asked Shen Ji and them to come over to meet and talk about something, I'm afraid that I will quarrel with you when I get home - Aunt Rong hasn't gone out yet, you will send them back as soon as possible and come over with Aunt Rong." Cao Mo said.
"Uncle Cao!" Cheng Xi also poked his head out and raised his hand to greet Cao Mo's father.
"Did you kid come back yesterday and didn't go home first?" Cao Xiong joked.
"Uncle Cao!" Cheng Xi shouted......
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After waiting for a while, Shen Ji, Ge Jun, and Qian Wenhan all rushed over one after another after his father and Chen Rong.
The banking industry was the first to be affected by the subprime mortgage crisis, but 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.
It is mainly shipbuilding, building materials, real estate and other industries that are sensitive to market demand and have been rapidly expanding with high debt in the past three or four years, and the impact is most obvious during this period.
Dongsheng's three main businesses, in addition to grain and oil can also be basically flat, the building materials business based on aluminum profile production will lose more than 100 million yuan in the third quarter, directly smoothing out the profit in the first half of the year.
Listed company Dongsheng Group is also expected to record its first annual loss in nearly a decade for the full year, but these are not as good as the crisis that Dongsheng Real Estate is facing at this time.
As the domestic regulatory authorities are worried that after the property market is hit by the economic crisis, a large number of unfinished buildings will be generated like the previous property market bubble, and the management of the special account for pre-sale funds has been gradually strengthened in the first half of the year.
For those properties that have obtained pre-sale permits but are still under construction, no matter how strong the promotion efforts are, it is difficult to embezzle the funds obtained from the pre-sale funds.
In the past month, Dongsheng Real Estate has mainly retained some of the houses in the hands of the built real estate, carried out reduced promotions, increased the efforts to withdraw funds, and even directly discounted the preferential price of internal employees, but in the past month, it has only returned more than 800 million funds, which is far from alleviating Dongsheng's hunger for funds.
The equity repurchase agreements for Conero Foods, Conero Energy and Tianyue Industries were negotiated and signed half a month ago, and Nsange also returned to Africa before Cao Mo returned to China and met secretly at Draculamo.
In the end, Tianyue Investment took back 5% of Tianyue Industry, 10% of Conero Energy, and 6% of Conero Food, which was also remembered in the old relationship, and after the agreement was signed, Cao Mo directly asked people to transfer 200 million yuan to Dongsheng's account.
However, not only Qian Wenchao, but also the Dongjiang Securities Industrial Investment Fund, which participated in the equity acquisition of Conero Foods and Tianyue Industries, and even the Volkov Investment represented by the Oppenheimer family, will not officially fulfill its payment obligations until the last day of the agreement.
Dongsheng will delay until a month and a half before it is possible to get three other buybacks totaling more than 300 million yuan from Qian Wenhan, Dongjiang Securities and Volkov Investment.
Dongsheng Real Estate has less than 300 million yuan in cash in its account, but it will have to repay a total of 2 billion yuan of debts due in the next month and a half, and this is not counting the payments due to construction contractors and material suppliers.
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 due in the short term in her personal name, but she does not have to worry - even if Dongsheng Real Estate's capital chain is broken and finally has to go bankrupt and liquidate, Chen Rong cannot gain nothing.
The most important thing is that the Ding family is in addition to Dongsheng Real Estate, and they also bear huge debts, and they are facing the same crisis as the Lu family at this time.
The equity of the listed company Dongsheng Group should be dispersed, and the Ding family, including Shen Ji's parents, holds a total of 45% of the shares of Dongsheng Group - the total market value of Dongsheng Group at its peak is more than 30 billion, but at this time, it has fallen to around 8 billion due to the double drag of the market and the debt crisis faced by the Ding family.
The market value of the equity held by the Ding family is 3.6 billion, and the Ding family has mortgaged these shares in the past few years and borrowed huge sums of money to support the rapid development of Dongsheng Real Estate - this part of the debt has changed several times, and there are still 2 billion yuan.
In fact, if Dongsheng's stock price continues to fall, the shares mortgaged by the Ding family will also face the risk of being forced to close by the lending institution.
Shen Ji didn't expect Cao Mo and Qian Wenhan to lend a helping hand to Dongsheng and the Ding family, but he sat down and told Dongsheng and the Ding family about the embarrassment they were facing at this time, and asked Cao Mo with a sad face: "Taihua's operation, where is it now?"
Ge Jun represents Dongjiang Securities, and it is impossible to use the trust fund managed by Dongjiang Securities to intervene in personal grievances at will, and Qian Wenhan also said before that he had no intention of getting involved with Qian to get involved in this kind of thing, and he would not casually inquire about Cao Mo's fund-raising operation against Taihua before.
Of course, since they met at the dinner table, they were still very interested in it.
"I've also been paying attention to Taihua's situation, and the plate feels very right!" Ge Jun said.
"It's interesting, but you don't get involved, I'm talking to you too much, it's not appropriate!" Cao Mo opened his mouth to bite the thin skin of the soup dumpling, sucked the thick and fresh soup, and didn't forget to sell it to Qian Wenhan and Ge Jun.
"You kid is selling off now, remember that you pay for this breakfast, don't think about rubbing us. Qian Wenchao pulled out a cigarette and threw it at Cao Mo.
"At the beginning of September, when we decided to raise funds for Taihua, we found out that Huamao had already established a position in Taihua, and Taihua's dive in late July was Huamao's handiwork - I rushed to Kanem this time mainly to confirm this, and to persuade Banco Nacional Ultramarino, 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 bought off a fund manager of New E-Hua to buy Taihua's stock price through a public fund under New E-Hua, which is also the reason why Taihua's stock price has risen sharply during this period - and the reason why this fund manager was able to connect with the Lu family is also Huamao's arrangement. According to the upper limit of a public fund's holdings of a single stock, the funds to support the stock price of Taihua pallet will be exhausted in the next two days, and the next thing is the thunder show. I'm in a hurry to get back to China, mainly because I don't want to miss this show!"
"What, Banco Nacional Ultramarino has already reached an agreement with Huamao to attack Taihua? How did you know, and how did you persuade Banco Nacional Nacional to tear up the agreement and turn around to cooperate with you? The matter of the Lu family buying off the fund company is not difficult to understand, but the Taihua quarterly report has not yet been released, and there is no specific public information, where did you know this? You wouldn't have hidden commercial spies around Lu Jianchao and Lu Jiancheng's brothers, right?" Qian Wenhan asked in surprise.
"Want to know?" Cao Mo wiped his mouth with a tissue and said, "Otherwise, we will save up a bureau to pick up Taihua's plate, Tianyue will give one billion, Xinhong and Dongjiang Securities will make one billion, and I will disclose all the trade secrets to you......"
"If you make it clear, we might as well think about it, or else my curiosity is not as important as you think. Qian Wenhan said slowly.
"For such a large-scale investment, I only have the right to make recommendations at TK Securities, and I need to vote on the investment committee in the end - it seems that my curiosity cannot be satisfied today. Ge Jun said with a smile.
"On the surface, the real controller of the Volkov investment controlled by the Oppenheimer family is Sturgeon Foster, senior vice president and executive director of Banco Nacional Ultramarino, and the Foster family from Sturgeon is the largest shareholder of Banco Nacional Ultramarino!" Cao Mo said, "Sturgeon thinks he is well hidden, but I actually knew about his existence for a long time, and I went back to Kanem to find Sturgeon this time, and I just told him that I am more qualified than Huamao to build Conero Marina New Town, Sturgeon patted his ass and sold Huamao!"
"......" Qian Wenhan patted his head and exclaimed, "Nsanger Oppenheimer came to China to participate in the equity acquisition of Conero Energy, which was originally arranged by you, and he was also your eyeliner!
Dongsheng withdrew from Conero Energy, and other shareholders have the right of first refusal to repurchase the equity of Dongsheng's exit.
Qian Wenhan nominally used the preferential repurchase rights of shareholders such as the Abacha and the Lutber family to invest in Conero Energy and take 10% of the shares, and the purchase money has not yet been transferred to Dongsheng.
The Oppenheimer family, as one of the major shareholders, sent En Sanger to China to participate in the change of judgment, exercising the right of first refusal in the name of Volkofu Investment, and obtaining a 10% stake, and no one else suspected that this matter had anything to do with Cao Mo.
Dongsheng's price was pressed too hard this time, even at a time when global funds are tightening, such a cheap chip as Conero Energy is definitely a high-quality asset worth starting.