Volume 1 The Goldstone Crisis Chapter 3 1.8 Billion Equity Pledge

When Zhang Qinghe arrived in Shangdu, it had been six hours since Song Fuguo's accident, and he hadn't eaten lunch, so he didn't dare to delay for a second on the road.

Stopped a taxi and went straight to Jinshi Building, and received a call from Lin Yuanshan on the way, telling him that Yuan Xuan had packed up his things and gotten out because of this dereliction of duty.

But there is also news that is not good news.

At the high-level meeting just held, Lin Yuanshan announced the decision of Zhang Qinghe to support Jin Shi, this announcement made Yang Yaowu passive, and everyone was not good at objecting, after all, Zhang Qinghe's ability was clear to the executives.

But after Yang Yaowu's generous speech, he insisted on sending a deputy for Zhang Qinghe to jointly pick up the burden of gold and stone. Lin Yuanshan was not good at breaking out at this time, and told Zhang Qinghe to be careful, and the deputy sent was Zhuo Yi, the deputy director of finance of Tiandi Capital, and Yang Yaowu, who was iron-clad.

"You are more anxious, and sometimes you are too conceited, this time you will take it as an experience and put away your edge. Try not to be on the opposite side of Zoyi, remember... The most important task is to recover the company's losses. Lin Yuanshan admonished on the phone.

"I understand... Don't worry, boss. "Zhang Qinghe is notoriously arrogant and conceited in heaven and earth, except for Lin Yuanshan, he is not convinced by anyone. In order to win over people, Yang Yaowu often invites the company's middle-level cadres to go out for team building and engage in some entertainment activities on weekends, and he has never called Zhang Qinghe, and it is useless to call him, this guy does not eat soft and hard, and only obeys Lin Yuanshan's orders.

Zhang Qinghe also ended up idle, several factions in the company were deliberately alienated from him, after all, he belonged to Lin Yuanshan's direct family, in case it was not good to win over, but let Lin Yuanshan know, then no one would be able to eat and walk around.

Only the administrative department is a clear stream, has no quarrel with the world, and has the best relationship with Zhang Qinghe. It is said that as long as the administrative department is an unmarried beautiful female secretary, she will have an affair with Zhang Qinghe. Even the director of the administrative department, Lin Xiao, who is already a half-old, often makes eye contact with Zhang Qinghe.

The famous diamond king Lao Wu, young and promising, with a good annual salary, handsome and chic, and the warbler Yanyan who surrounds him every day makes people of other factions jealous.

Zhang Qinghe, who was thinking crankily in the taxi, finally arrived at the Jinshi Building.

As everyone expected, the gold and stone were now a mess.

The conference room was filled with smoke, two columns were lined up, and there were twelve people sitting, and all the executives of Jinshi were present, except for director Yuan Xuan.

Everyone frowned, their minds were full of ghosts, and no one knew what the person on the other side was thinking now.

A few executives have already found a way back for themselves, and everyone is ready to fall apart. Something so big happened, it is inevitable that the gold stone will fall, unless a miracle occurs, otherwise what will be paid back the nearly 10 billion owed?

The meeting was presided over by Deputy Dong Meng Tianhua, who said: "The only thing we can do now is to keep the company, and we can't let the gold and stone founded by Song Dong fall into our hands..."

"I don't understand why the company owes so much debt!" another executive interrupted Mr. Meng.

"It's just... We executives don't know about these debts, and Song Dong is violating the rules!"

"Now he's jumping off the building to an easy point and throwing this mess right at us. ”

"I can't say that, the chairman must have his own unspeakable secrets..."

"What's unspeakable, the equity pledge is 1.8 billion, which we don't know... And this... The bank borrowed 3 billion!" An executive slammed the document in his hand on the table as he spoke, pointing to the document and becoming silent.

"Enough! Don't say any more, now is not the time to accuse, tonight the TV will be broadcast, the news will spread... We have to find a way to deal with it. ”

Meng Tianhua roared angrily, suppressing the complaints present.

"With a debt of 9.89 billion yuan and 53 creditors, what did Song Dong do? What about the borrowed money, what about the money?" said an executive sitting at the end, still expressing his displeasure.

Song Fuguo has always operated Jinshi in a dictatorial way, and these debts are almost all secretly carried out by him, and the executives are completely unaware of this, so it is no wonder that Yuan Xuan does not know anything. If it weren't for the fact that everyone found the documents in Mr. Song's office and conducted a self-inspection of the company, but they could only find the 1.8 billion yuan of equity pledge and 3 billion bank loans, everyone would still be in the dark.

There is a certificate of private lending in the office documents, up to 4.59 billion!

There are also suppliers who owe 500 million, and the executives don't know these things, so it's no wonder that everyone is furious, and Song Fuguo was caught off guard without everyone knowing.

On top of that, 9.89 billion yuan was borrowed, where did the money go? The company has no data showing that the money flowed into Jinshi's account, which is what makes several executives really angry.

"You can't go in, the boss is in a meeting... You can't go in!" shouted someone outside the office, it was Meng Tianhua's female secretary.

"Bang", the office was pushed away, Zhang Qinghe walked straight in, and the female secretary in the back couldn't stop it if she wanted to.

Meng Tianhua stood up and frowned and asked, "Who are you?"

"Heaven and Earth Capital, Zhang Qinghe... From today onwards, the work of the former director, Yuan Xuan, will be transferred directly to me. ”

"Heaven and Earth Capital has come to our rescue?"

Before the meeting in the afternoon, Yuan Xuan resigned, saying that he was transferred to Huitiandi Capital. Meng Tianhua and the others also thought that Tiandi Capital had abandoned Jinshi, which made Meng Tianhua and them even more disheartened.

They know the relationship between heaven and earth and Jinshi, and now that Song Fuguo is dead, Lin Yuanshan, who is a sworn brother, left Jin Shi and said the past, after all, the past is all on the face of Song Fuguo.

Well, now the savior is back.

The nervousness on the faces of several directors and executives has eased a lot, and the company may still be saved. You must know that in the past, Tiandi Capital has rescued companies on the verge of bankruptcy countless times, and awakened the second spring with the art of resurrection.

Zhang Qinghe nodded: "There is such a big thing in Jinshi, Tiandi and Jinshi have always been in a long-term relationship, and they will not leave their old friends alone." ”

"Didn't Mr. Lin come?" an executive asked.

"No, I came with him, it is a meaning. ”

If Lin Yuanshan can come, then it will be absolutely no problem to save Jinshi, but at this time, he is still fighting wits and courage with Yang Yaowu, an old fox, and he lacks skills. But Zhang Qinghe's meaning is very clear.

He represents Lin Yuanshan.

Zhang Qinghe also said: "Now that the news is spreading very quickly, to avoid greater losses, have you issued an announcement on the suspension of stock trading? The suicide of the chairman of the board of directors will definitely make Jinshi's stock plummet." ”

"Yes... Yes, after the stock market closes, we draft a suspension note. Meng Tianhua said on the side.

"Now the loss of Jinshi is not small, the suspension is only a temporary strategy, if the current problem is not solved immediately, once the company resumes trading, the stock price will definitely plummet. ”

Zhang Qinghe knows that if the stock price falls again, it will be worse for Jinshi, not to mention that Tiandi still holds 30% of the shares, and the decline will only increase the losses of both parties.

"Are the other major shareholders of the company here?" Zhang Qinghe glanced around.

"In... This Fang is always a director of Hongling Financial Investment, the third shareholder, and Chen is always a director of Xiangshan Trust...," Meng Tianhua said.

"Mr. Song's equity was pledged to us. Mr. Fang of Hongling Financial Investment said.

"Equity pledge, how much pledged?" Zhang Qinghe asked, he had thought that Song Fuguo's debts might have equity debts, but he still had to ask.

"The pledge financing price is 20 yuan per share, and the financing of 1.8 billion yuan is half discounted, a total of 180 million shares. ”

Because the equity pledge is a stock, there is a risk of price fluctuations. Therefore, when pledging financing, the pledge amount of Jinshi is 1.8 billion yuan, which is 90 million shares, and Hongling Financial Investment is not stupid, in order to balance the risk, the financing amount is calculated at half of the discount from the equity market value, and it is necessary for Jinshi to provide 3.6 billion yuan of equity for pledge, a total of 180 million shares.

This is not the end, according to the financing agreement signed by the two parties, if the stock price falls by 30% from the day of the pledge, it will reach the warning line, and Jinshi will need to continue to replenish the margin, or add equity. If there is no addition, once the decline exceeds 50%, Hongling Gold Investment has the right to force liquidation.

Zhang Qinghe gasped, he had seen countless companies in the past, and because of the equity pledge, the controller directly lost control of the company, and he had seen too many such cases.

"What is the closing line?" asked Zhang Qinghe.

"50%, when it comes to $10. Mr. Fang replied.

"How much is it now?"

"$16. ”

According to the current situation, Jinshi only needs about four falling limits, which is enough to make the entire company's stock price collapse.

"This is what the company boss said, and I can't do anything about it. ”

Fang is always sent by Hongling Jintou to inquire about the news, whether he closes the position or not, he really doesn't count.

The situation is worse than expected.

Jinshi's sudden suspension of trading will be ten trading days at most.

At that time, Tiandi invested 3 billion yuan in Jinshi, with a price of 14 yuan per share, and at most resisted 2 falling limits.

If the word falls below 14 yuan after the resumption of trading, a fall limit is a loss of 300 million yuan.

Falling below 10 yuan is not only the forced liquidation of Hongling Gold Investment. Heaven and Earth will also lose as much as 1 billion.

The liquidation of Hongling Financial Investment will inevitably cause unprecedented losses to the stock price, and the loss of Tiandi Capital will be more than 1 billion at that time.

Ten trading days.

About half a month.

Stabilizing the stock price of Jinshi is the most important task at the moment!

There is still a long way to go.

Zhang Qinghe's mentality collapsed, this is really a mess, it's rotten from the inside out!

Eased slightly: "Immediately contact other major shareholders and market makers who hold Jinshi shares, after the stock review, as long as these two generouss do not smash the market, there is still room for redemption." ”

"Will you agree? Who doesn't want to run in this situation? Meng Tianhua cried.

"I can't care so much, I'll first find out who is sitting on the bank's golden stone, maybe I can talk about it. ”

Not only the market maker, but also other shareholders have to talk about it one by one.

Needless to say, Hongling Capital can't afford to lose money by itself, and it's a matter of waiting for 10 yuan to sell or not.

"Thank you so much Mr. Zhang, otherwise we really don't know what to do... Mr. Song left, and the whole stall of Jinshi was scattered... Several employees and backbones have resigned in the morning. ”

Meng Tianhua took Zhang Qinghe's hand and cried like a child.

When Song Fuguo was fighting the country, Meng Tianhua was his right-hand man, and Jin Shi was grown up by him step by step, and there were too many emotions mixed in it, and he couldn't bear to see Jin Shi end up like this.

"Alright... Okay, Mr. Meng, you have to be strong, now that Mr. Song is not here, you are the pillar of Jinshi. ”

Zhang Qinghe patted Meng Tianhua's hand to comfort him.

"That's right... Isn't Mr. Song's son going back to China?"

"When will it arrive?"

Meng Tianhua wiped his tears and said, "I should be able to go to Shangdu tomorrow morning." ”

At the moment, I can't count on Song Wuwei to help anything, but the return of the young proprietor and boosting morale is what Jinshi urgently needs.