"Is it really worth it......?"

Wu Chaoqun seemed to be invigorated by Li Yan and others, and muttered to himself with his eyebrows.

Wu Jianyong, who was on the side, saw that his brother seemed to really want to listen to Li Yan's repurchase, so he just smiled wryly and shook his head. But Li Yan saw hope and understood that he was not in vain.

"I want to buy it back...... But...... Can you help me solve a problem?" Wu Chaoqun suddenly asked at Li Yan.

"Huh?"

Wu Chaoqun spread his hands at Li Yan, shook his hands empty-handedly and said, "See? No money! You can help me solve the problem of funds, I am really willing to buy back Qianhe Flavor Page now!"

Li Yan grinned twice, Wu Chaoqun's brows gradually furrowed, and a displeased expression appeared on his face. People can often accept themselves to ridicule themselves, but they simply cannot accept others to ridicule themselves. This is why you can laugh at yourself and can't accept group ridicule.

Everyone thought that when Li Yan was mocking Wu Chaoqun, they didn't expect that when Li Yan planned to let Wu Chaoqun buy back Qianhewei Page, he had already helped him think about the source of funds. Because Li Yan understands that Qianhe Flavor Page will definitely not be able to make any money today. I can't ask questions to others, but I have to ask others how to solve them!

Just when a black line was about to appear on Wu Chaoqun's forehead, Li Yan said: "I have actually helped Mr. Wu think about how to raise funds. ”

"Oh?" Wu Chaoqun was stunned, and Li Yan said: "Pledge, equity pledge!"

Wu Chaoqun pursed his lips and subconsciously licked his lips that were not dry. On the side, Wu Jianyong hurriedly snorted and said, "Mr. Wu, I want to say two words!"

Wu Chaoqun glanced at him, nodded, and then saw Wu Jianyong tilting his head and glancing at Li Yan and said: "Li Yan, do you want my brother to pledge equity? Don't you know that with the decline of the market level, the stock pledge risk in the capital market has accelerated to surface, and has become an important shackle restricting the current capital market? We have systematically calculated and sorted out the pledge risk in the current stock market before!"

"Then do you guys look for possible investment opportunities from it?" asked Li Yanchong and Wu Jianyong.

Equity pledge, in essence, is a kind of "pledged debt financing" secured by equity between the two parties, which is the financing of shareholders to the pledgee providing funds through on-site pledge and off-site pledge.

A pledge is used to integrate funds, and of course, interest charges must be paid.

"I have a friend who keeps an eye on the market every day after he gets his money. After all, equity pledges need to demarcate the warning line and the liquidation line. When the market value of the pledged stock reaches the warning line, the shareholders are required to make up their positions! If the position is not resolved until the liquidation line is not resolved, the fund lender has the right to forcibly close the position. As long as the stock price falls further, control may change hands. Wu Chaoqun sighed softly after saying this.

This situation is very common, and stock pledge is a double-edged sword. Although it is possible to have no shares without pledges, shareholders can pledge frequently. However, now there has been a gap in the market between the integration of pledged funds and the outflow of unpledged funds. The overall market has continued to decline, the quality of pledged assets has continued to decline, and the revenue growth rate of many listed companies has declined for four consecutive quarters, the net profit growth rate has declined for two consecutive quarters, and the net operating cash flow is at a low level.

"Do you know how big the potential liquidation risk of equity pledge is?" asked Li Yueting with a condensed frown at Li Yan.

Li Yan nodded, and said to Li Yan with a clear look: "When I was thinking about this matter, I actually measured it with the reference market value, and the pledged shares are currently in the three ranges. From the point of view of the proportion from the warning line to the liquidation line, it is basically in an equilibrium state, with about 40 percent in danger and nearly 15% on the balance line. And 45 percent of them sit back and relax. This is mainly to look at the stock price, to see the market performance. After all, the core area of liquidation risk is between the liquidation line and the warning line, and the risk distribution is generally balanced. ”

Wu Chaoqun tilted his head and looked at Li Yueqing and Li Yueting, as if asking the two of them if what Li Yan said was reliable.

After the two frowned, Li Yueqing finally nodded slightly.

Li Yan continued at this time: "At present, there is not much pressure on the contact line above the liquidation line and above the warning line. However, only some of the pledge risks that are prone to outbreak due to high pledge ratio and shrinking market value of pledge stocks. ”

Wu Jianyong said with a sigh: "What you said is indeed the truth, but I have to say that the stock pledge is no longer safe." The scale of the reference market value on the warning line has reversed and declined, and the overall risk of liquidation continues to accumulate. The scale between the warning line and the closing line has exceeded the overall situation last year. What we have seen is a significant increase in the size of liquidations, especially this year......!

From the very beginning, Wu Jianyong was not willing to let Wu Chaoqun repurchase at all, and now Li Yan actually came over to let Wu Chaoqun pledge equity financing to repurchase, which is in Wu Jianyong's eyes: it is completely an act of death!

Li Yan didn't seem to expect Wu Jianyong to be so knowledgeable, and tilted his head to look at Dao Jianxin. I had already communicated with Dao Jianxin before I came, and he explained some overly refined data problems.

Li Yan knows very well the truth of never leading insiders to do specific things as an outsider.

"At present, the risk is mainly concentrated in the two areas of the small and medium-sized board and the gem, and the distribution of pledged shares in the three intervals of the market is relatively balanced, and the proportion of the number of pledges on the main board, the small and medium-sized board, and the gem is currently one to one! At present, among the sectors with the risk of liquidation, the small and medium-sized board accounts for the largest proportion. The situation in the industry distribution is between the liquidation line and the warning line, and the current market value is the highest in the real estate industry, followed by transportation and chemicals. It is worth mentioning that leisure services have the highest staking ratio. followed by iron and steel, machinery and equipment. Under the liquidation line, among the pledged shares that were liquidated, the market value of the computer was up to twice that of the leisure services behind. ”

Li Yan continued next to him: "I have studied the situation of food and beverage, compared with the computer industry, the pledge of the two is the highest pledge ratio, such as Haitian and Jinji, which have just fallen to the limit!"

After Wu Chaoqun pondered for a moment, he said to Li Yan: "It's hard for you to write down so much data, but what I understand is the debt crisis situation of stock pledge liquidation." It is not that there is no listed company that has pledged its equity and has been taken over by outsiders at a low price. Moreover, since the beginning of this year, I have heard that many major shareholders have completed the transfer of shares. ”

Li Yan hummed beside him and said: "I also understand this, there are roughly three types of receivers, namely state-owned assets and state-owned enterprises, financial capital and Internet unicorns. The biggest special point of this kind of acquisition at present is that the price is extremely cheap, and you can even obtain control of listed companies for free, and the most typical of these is the state-owned assets to take over!

After saying this, Li Yan stared at Wu Chaoqun as if he wanted to get his feedback.

Wu Chaoqun thought for a while and said: "Enterprises will inevitably lack money in the process of development, and financing will be put on the agenda. At this time, it is not too late to pay attention to the information on financing! In fact, I am more concerned about which financing method has the least cost and risk for Qianhe Flavor Page! Which financing method is the easiest to get money! Which financing method is the easiest to spend money! After all, I control the enterprise of Qianhe Flavor Page, and Li Yan, you control the capital! The main problem I think is how to deal with the financial risk and the loss of control of the company after financing!

Li Yan understands that when it comes to financing, many entrepreneurs have a headache. Whether it is through bond financing to find a bank loan, or equity financing to find an external investor through the transfer of a part of the shares to obtain the development of the enterprise, there are various drawbacks in this situation.

Under the influence of the economic crisis, commercial banks lend to private enterprises for the sake of protecting the safety of their assets, in addition to the normal mortgage, they also need entrepreneurs to sign an unlimited liability guarantee contract. This means that if the enterprise goes bankrupt, the entrepreneur must use his own assets to repay the debt, and they are likely to lose their fortune, which undoubtedly increases the financial risk of the private enterprise!

What Qianhe Flavor Page is most afraid of, I think these are the problems.

Wu Chaoqun said slowly: "The characteristic of equity financing is that the money is obtained, and the control of the company is correspondingly weakened. ”

Li Yan thought for a while and said: "Actually, you don't have to think so hard, if a company carries out equity financing, it must first carry out net asset accounting, assuming that net assets are ...... I'll give you 100 million, then set the total share to 100 million shares, and the price per share is one dollar. If we issue 10 million shares to a certain investor, the investor will invest the corresponding funds in the enterprise, which accounts for 10% of the shares, if the total shares of Wu Chaoqun account for 90% of the shares.

How much money should investors put into a business?

In fact, the answer is 10 million yuan. With the investment of 10 million yuan, accounting for 10% of the shares, then the financing of the enterprise basically fails.

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

"Is it really worth it......?"

Wu Chaoqun seemed to be invigorated by Li Yan and others, and muttered to himself with his eyebrows.

Wu Jianyong, who was on the side, saw that his brother seemed to really want to listen to Li Yan's repurchase, so he just smiled wryly and shook his head. But Li Yan saw hope and understood that he was not in vain.

"I want to buy it back...... But...... Can you help me solve a problem?" Wu Chaoqun suddenly asked at Li Yan.

"Huh?"

Wu Chaoqun spread his hands at Li Yan, shook his hands empty-handedly and said, "See? No money! You can help me solve the problem of funds, I am really willing to buy back Qianhe Flavor Page now!"

Li Yan grinned twice, Wu Chaoqun's brows gradually furrowed, and a displeased expression appeared on his face. People can often accept themselves to ridicule themselves, but they simply cannot accept others to ridicule themselves. This is why you can laugh at yourself and can't accept group ridicule.

Everyone thought that when Li Yan was mocking Wu Chaoqun, they didn't expect that when Li Yan planned to let Wu Chaoqun buy back Qianhewei Page, he had already helped him think about the source of funds. Because Li Yan understands that Qianhe Flavor Page will definitely not be able to make any money today. I can't ask questions to others, but I have to ask others how to solve them!

"Is it really worth it......?"

Wu Chaoqun seemed to be invigorated by Li Yan and others, and muttered to himself with his eyebrows.

Wu Jianyong, who was on the side, saw that his brother seemed to really want to listen to Li Yan's repurchase, so he just smiled wryly and shook his head. But Li Yan saw hope and understood that he was not in vain.

"I want to buy it back...... But...... Can you help me solve a problem?" Wu Chaoqun suddenly asked at Li Yan.

"Huh?"

Wu Chaoqun spread his hands at Li Yan, shook his hands empty-handedly and said, "See? No money! You can help me solve the problem of funds, I am really willing to buy back Qianhe Flavor Page now!"

Li Yan grinned twice, Wu Chaoqun's brows gradually furrowed, and a displeased expression appeared on his face. People can often accept themselves to ridicule themselves, but they simply cannot accept others to ridicule themselves. This is why you can laugh at yourself and can't accept group ridicule.

Everyone thought that when Li Yan was mocking Wu Chaoqun, they didn't expect that when Li Yan planned to let Wu Chaoqun buy back Qianhewei Page, he had already helped him think about the source of funds. Because Li Yan understands that Qianhe Flavor Page will definitely not be able to make any money today. I can't ask questions to others, but I have to ask others how to solve them!" "......Is it really worth it to buy back?"

Wu Chaoqun seemed to be invigorated by Li Yan and others, and muttered to himself with his eyebrows.

Wu Jianyong, who was on the side, saw that his brother seemed to really want to listen to Li Yan's repurchase, so he just smiled wryly and shook his head. But Li Yan saw hope and understood that he was not in vain.

"I want to buy it back...... But...... Can you help me solve a problem?" Wu Chaoqun suddenly asked at Li Yan.

"Huh?"

Wu Chaoqun spread his hands at Li Yan, shook his hands empty-handedly and said, "See? No money! You can help me solve the problem of funds, I am really willing to buy back Qianhe Flavor Page now!"

Li Yan grinned twice, Wu Chaoqun's brows gradually furrowed, and a displeased expression appeared on his face. People can often accept themselves to ridicule themselves, but they simply cannot accept others to ridicule themselves. This is why you can laugh at yourself and can't accept group ridicule.

Everyone thought that when Li Yan was mocking Wu Chaoqun, they didn't expect that when Li Yan planned to let Wu Chaoqun buy back Qianhewei Page, he had already helped him think about the source of funds. Because Li Yan understands that Qianhe Flavor Page will definitely not be able to make any money today. I can't ask questions to others, but I have to ask others how to solve them!

The eldest son of the Li family said

Ask for recommendations, ask for monthly passes, ask for recommendations and ask for monthly passes~ hehe