Chapter 367: Clues
β...... Dong Chengpeng should really have a problem, but it doesn't matter if he exposes it or not, my uncle may have been talking to Han Shaorong, but he just deliberately hid it from me, afraid that I would pass on the news to you. Leaving the banquet garden, Shen Ji parked the car on the side of the road somewhat haggard and called Cao Motong.
On the other end of the phone, Cao Mo was sitting in the courtyard of the back patio, and Cheng Xi was leaning on his lap and looking at the starry sky that was a little confused by air pollution.
"We should have thought of this possibility," Cao Mo originally wanted Shen Ji to convey his tougher meaning in the middle, but Shen Ji didn't want Tianyue to be too stiff with Dongsheng, and he could understand it, and he also said to Shen Ji at the moment, "Since Dongsheng agrees that we will buy back the shares of Conero Energy, Tianyue Industry and Conero Food, then let's talk to Qian Wenhan and Ge Jun together tomorrow?"
If Dongsheng really agrees to transfer out with a suitable transfer, he will want to transfer the repurchase right to Qian Wenhan or Dongjiang Securities to see if they have the intention of jointly promoting the development of Tianyue Industry and Conero Food-these two companies still need more and more powerful strategic partners in China to go further in the future.
As for Conero Energy, Cao Mo has resold and reloaded his assets several times before, and his personal shareholding is only 16%, and it is good to have the opportunity to expand his shareholding this time.
After Cao Mo hung up the phone, Cheng Xi turned around, propped his arms on the recliner, his body bent softly, and said, "I still have a sense of inauthenticity, how can you be so rich?"
"Money doesn't matter to me, you see I don't have time to spend money," Cao Mo took out a leather wallet with very worn corners and showed it to Cheng Xi, and said with a skimming, "I have long wanted to change my wallet, I don't have time or place to go shopping in Africa, you say that I make too much money, what's the point? It's just fun to fight with Han Shaorong's grandsons!"
β...... I haven't praised you much, but you're shaking again!" Cheng Ximei glanced at Cao Mo.
"Ahem......" Cheng Zhengjie coughed and walked over, pretended to raise his hand to look at his watch, and said, "It's eleven o'clock, it's not early, we should go back, your mother should be home early......"
Cao Mo can't say that the bed in his room is very big, Cheng Zhengjie can go back by himself.
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"Han Shaorong is prosperous, but he is too domineering and calculating others-however, Dongsheng wants to cooperate with him, but it saves us a lot of trouble......"
Sitting in the elegant house of the Jinhong Society, Qian Wenhan smoked a cigar and told Cao Mo and Shen Ji that his early history of dealing with Han Shaorong was not limited to Han Shaorong's grudge of trying to oust Zhou Shenhe and seize control of Xinhai Gold.
Qian Wenhan can't see how much the situation will deteriorate next, even if he is not too pessimistic, but he will choose to be cautious before the situation improves.
To be honest, Qian Wenhan was also relieved to hear that Ding Zhaoqiang might have been in contact with Han Shaorong, and offered Cao Mo a financing condition that he could easily refuse without psychological pressure at all.
Otherwise, Cao Mo really wants to inject capital into Dongsheng Real Estate, and he has to express it more or less.
They have cash in their hands, not to mention the whole country, there are countless high-quality projects in Xinhai that are short of cash, and every day one or two groups of people come to the door to talk about financing through various connections, and he doesn't feel that he has to get involved with Ding Zhaoqiang.
As for Dongsheng to withdraw from Conero Energy, Conero Foods and Tianyue Industry, Qian Wenhan didn't mind taking over some of the shares, after all, compared to the behemoth of Dongsheng Real Estate, the scale of funds to be used was small, looked at Ge Jun who was sitting opposite, and asked: "Do you want Dongjiang Securities to take over?"
"These three companies are all growing very well," Ge Jun said, "If Dongsheng hadn't been forced into this, he wouldn't have easily quit ......"
Qian Wenhan nodded, looked at Cao Mo and asked: "How do you organize the operation and management team - to be honest, I have been in the business sea for many years, and I have not achieved much, and I can also boast that I have seen many business wizards, but to say that so many companies can be tossed in such a short period of time, all of them still have good growth, and the operation and management team can not have any obvious problems, it is really rare......"
"I'm a little luckier than everyone else. Cao Mo smiled.
Qian Wenhan and Ge Jun are aware of some of the situation of the three companies, but Cao Mo directly introduced the more specific and detailed data, including the valuation and shareholding ratio of Dongsheng and Hexi Fund when they injected capital.
After Hexi Fund went to Conero Foods to inject 10 million US dollars, after the collapse of the Jidam family, the Tubman family joined Conero Foods as an important shareholder, and Dongsheng's shareholding was diluted to 16%.
On the one hand, it is to form a closer relationship with the local government to build a higher and thicker protective wall for the Uzan River copper-gold mine project, and on the other hand, it can not only expand the assets of Conero Foods, but also greatly improve the profitability of Conero Foods from the long industrial chain.
Tianyue industry will spend a lot of profits on the development of new models, so that the scale of net profit is compressed very low, and there are enough motorcycle companies at home and abroad, and the domestic market has been suppressed.
Relatively speaking, there is great uncertainty about whether Tianyue Industry can succeed in the future.
If Huachen's offer is appropriate, Cao Mo is also sure to want to undertake some of Huachen's car-making assets.
This is probably his biggest opportunity to expand the scale of the industry in China - Conero Foods is limited by the scale of the domestic market of cocoa butter and cocoa powder, so it is naturally difficult to grow.
Cao Mo's expectations for the future of Tianyue Industry also mean that there are greater risks, and he has to make it clear to Qian Wenhan and Ge Jun in advance.
However, Hexi Fund only injected 10 million yuan into Tianyue Industry at the beginning, and then exchanged 10% of the shares, and the equity price was relatively low.
After the merger of Conero Energy and Sika Idet Power Grid Company, Hexi Fund also holds 30% of the shares, making it the largest shareholder.
Conero Energy is also large, profitable and has great potential for future development, and when it merged with Sika Idet Power Grid this year, Cao Mo was valued at $300 million at that time.
The annual net profit of more than US$30 million that year, as well as the high growth potential in the future, including the high-quality power assets built and under construction by the company, are enough to support this valuation.
Even if they buy back all the shares in Dongsheng's hands at a slightly lower valuation, they will have to use 80 or 90 million US dollars, which is a bit of a big consumption of funds.
After listening to Cao Mo's introduction to the basic situation of the three companies, Ge Jun said: "...... The state has just opened its mouth to allow securities companies to register and manage industrial investment funds, and Dongjiang Securities is only a pilot, the scale is not large, and it is strictly forbidden to go to sea - theoretically, it can only participate in the capital injection of Conero Food and Tianyue Industry, which undertakes the registration of the company, and Conero Energy has no way to participate. β
At present, the Tubman family holds 20% of the shares, Song Yuqing, Guo Donghu, Chen Feng and Shen Ji hold 14% of the shares, and Cao Mo personally holds 50% of the shares.
The assets, operations and profit model of Conero Foods are relatively stable, and the valuation model is also very clear, which is easily accepted by the conservative regulatory authorities in China, and this is the type of industry that the industrial investment fund of TK Securities currently prefers.
Ge Jun also bluntly proposed that Dongjiang Securities could participate in the capital injection of Conero Food, and Tianyue Industry, which was relatively risky, could only follow up symbolically.
Of course, the shares of Conero Foods and Tianyue Industry, Dongjiang Securities and Qian Wenhan took over a part, and Cao Mo also asked the management teams of Guo Donghu, Chen Feng, Xu Bin, Xu Lizheng, Huang Yijiang and other companies to expand their shareholdings.
The funds needed by Conero Energy are on the high side, and now everyone wants to have more cash on hand, and they are not willing to sell easily, Qian Wenhan is in front of Shen Ji, and he also bluntly makes it clear that he wants to take advantage of the tight capital chain of Dongsheng, first of all, he still presses the price of Dongsheng first.
In good times, Conero Energy was valued at $300 million, but now that the situation is dire and there are more and more uncertain risks, the valuation should be downgraded.
It would be better to lower it to $200 million and let Dongsheng get a book.
Shen Ji could only smile bitterly.
The investment market is so ruthless, the vast majority of venture capital projects fail, and it is normal for venture capital projects to lose all their capital.
Now that Dongsheng is in crisis, thinking about recovering funds through various channels, Qian Wenhan is doing business, and it is quite polite to let Dongsheng return to his capital - otherwise, Dongsheng will continue to hold the shares of Conero Energy, or find other buyers with higher bids, anyway, Cao Mo and other Conero Energy's shares only have the right of first refusal under the same conditions.
Cao Mo mentioned to Ge Jun that Chen Rong wanted to make a trust to replace short-term debts.
"You provide a mortgage guarantee here, and then provide a part of the inferior funds, and I will do a favor and give Dongjiang Dora a business. Ge Jun readily agreed.
"Since Tianyue, Dongjiang Securities, and Xinhong Investment jointly undertake the shares withdrawn by Dongsheng from related companies, of course, the three of them will talk to Dongsheng together," Qian Wenhan said directly to Cao Mo, "You are soft-skinned, and you may not be able to wipe your face from the old club, or I will arrange someone to lead, and you and Dongjiang Securities will send representatives to participate in the negotiation team to follow up?"
Qian Wenhan took the initiative to stand up and be a villain, what else could Cao Mo be unhappy about? Of course, he agreed: "Okay, ......"
Cao Mo talked about his intention to snipe at Taihua's stock price again.
Qian Wenhan is not a person who will get along with money, and Ge Jun will not use the funds raised by Dongjiang Securities for personal grievances, but they all said that they really want the opportunity of hostile acquisition, and they will talk about it according to the specific situation at that time, and there is no way to give any answer now.
In recent years, Taihua's development ideas are a little chaotic, the main business is vague, the focus is completely inclined to overseas, and overseas development has a lot of twists and turns, last year's performance occurred a small loss, this year's loss may be greater, Qian Wenhan, Ge Jun do not know how to really win the controlling stake in Taihua, how to sort out Taihua's existing business.
It's too complicated.
It is likely to cost tens, billions, or even billions to take it down, but it is a hot burden.
As for Cao Mo's statement that the parks and industrial assets around Lake Conero can be integrated, Qian Wenhan and Ge Jun both feel that the risks are too uncontrollable under the current situation, and they can only take one step at a time.
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Won't let Shen Ji be in a difficult situation, Cao Mo arranged for Chen Feng to take two assistants the next day, together with the personnel of Xinhong Investment and Dongjiang Securities, to first draw up a repurchase plan for the shares of a number of companies held by Dongsheng Hexi.
Of course, the three of them must first have a clear plan, first lay a good tone for unity, and then bargain with Dongsheng on this basis.
Since Qian Wenhan wanted Xinhong to lead the negotiations, Cao Mo naturally instructed Chen Feng to provide materials, consult and follow up.
The asset audits of the three companies, Conero Foods, Conero Energy and Tianyue Industries, were all led by Chen Feng at the headquarters, and these three companies have also undergone many financing and asset adjustments, plus accepted third-party due diligence, and the standing materials can be said to be very standardized and formal.
This provides great convenience for the writing of the proposal.
After a busy day, Chen Feng returned to the lakeside headquarters from Xinhong Investment, and the repurchase plan had been preliminarily formulated.
Shortly before Chen Feng came back, Cao Jiaying brought Cheng Xin to come over with the Taihua stock trading plan that they had preliminarily formulated.
Cao Mo did not have too strict requirements, and even asked Jiaying to pay attention to avoid the legal risks of the stock price manipulation plan.
There is no need to secretly set up dozens or even hundreds of personal capital accounts for decentralized and concealed operations, nor do you need to frequently switch hands to control stock prices, nor do you need to create true and false news to influence public opinion or induce small and medium-sized retail investors to follow the trend.
However, in the unified legal person account, with a total of 200 million funds, at the lowest possible cost, and when the time is right, the collapse of Taihua's stock price is a test of the ability to judge the timing and analyze the fundamental market.
Cao Jiaying discussed with Cheng Xin and Wu Ruifang internally, and decided that Wu Ruifang would be responsible for the daily operation of the existing fund account of the wooden elephant, and Cao Jiaying and Cheng Xin would take two assistants to deal with the sniping of Taihua.
Since the investment platform directly controlled by Lu Jiancheng and Lu Jianchao, Xintaihua Investment, has mortgaged all the shares of the listed company Taihua Group held in their hands, even if they do not maliciously manipulate the stock price, they will inevitably take some preventive measures.
Cheng Xin took his small team and spent two days and one night, in addition to analyzing all the materials that Tianyue could collect publicly, and also going through the transaction details of Taihua stocks in the past six months from the perspective of a professional trader.
In the past 11 months, the market has slipped from a peak of less than 6,300 points to 2,000 points, and the market value of Taihua has fallen from a maximum of 10 billion yuan to 4 billion yuan, which is twice as high as the market value of 1.8 billion yuan, the lowest point before the bull market of the division reform, which is generally consistent with the trend of the broader market;
Cheng Xin analyzed that major shareholders should have interfered with Taihua's stock price many times, and even tried to take advantage of Beijing's hosting of the Olympic Games in mid-to-late May this year to use funds to pull up the stock price, but it only lasted for two months, and was pulled down by the falling market, and there was a cliff-like decline......
"I have read the trading data of the few days before and after the collapse of Taihua's stock price, and we do have reason to believe that the major shareholders not only have measures to maintain the stock price, but also tried to pull the stock price up, with the good news released by the listed company, to maintain the stock price to a higher level, but unfortunately it did not succeed,"
Cheng Xin took the projector and projected the stock price trading and trend of Taihua during that period of time on the screen on the side of the conference room, and said,
"Taihua's share price fell off a cliff in early August, and it looks like it was brought down by the day's market decline, and the selling transactions are also very dense and fragmented, but there are always traders who will subconsciously hang out their personal style when placing ordersββ"
Cheng Xin switched pictures, and behind the curtain there was a dense set of transaction details, and some characteristic transaction data was scattered, but Cheng Xin circled it with different colors in advance.
β...... Before us, Taihua had funds lurking in it, and it had already hit Taihua's stock price hard once - this fund was scattered in hundreds of sub-fund accounts, but unfortunately it was impossible for the behind-the-scenes financiers to hire thousands of traders to operate these accounts separately, so all the clues could not be concealed!"
"Han Shaorong's funds have already gone in?" Song Yuqing asked dumbfounded.
Everyone has their own principles of doing things, and it is inevitable that they will treat others as their own.
Song Yuqing also thought that Han Shaorong had won over the Lu family and wanted to use the Lu family's advantage in Kanem to suppress the development of their side, and there would always be some bottom line, and even if he had a bad heart and coveted the Lu family, he would always have some patience, right?
"You are too kind!" Cao Mo smiled at Song Yuqing.
He was intuitive, and Zhou Han had always guessed that Han Shaorong would never be kind to the Lu family.
When the trap was set to lure the Lu family to compete for the new city project, the most important thing was to use the Lu family's competitive heart to make it easier for Han Shaorong and Niz Oppenheimer, who eat meat and do not spit out bones, to attack the Lu family.
They had expected this, but they had not caught any clues other than finding out that the Banco Nacional Ultramarino, which was lurking behind the scenes, had lent $80 million to Xintaihua with shares in the Xintaihua refinery as collateral.
This time, they planned to publicly snipe Taihua's stock price from the securities market, and the purpose was also to startle the snake, let Han Shaorong show his feet, and lure him to make the next move.
Cao Mo didn't expect that he didn't give more information, and Cheng Xin could analyze this from the plate so quickly.
Sure enough, professional things should be handed over to professional people......