"Deutsche Börse has three different listed sectors for companies and investors to choose from. The three sectors are primary, general and advanced. Listed on the Frankfurt Stock Exchange, the general market and the premium market correspond to the EU-regulated market, while the primary market corresponds to the unofficially regulated market, which is mainly regulated by the exchange itself. But the rigor of the Germans makes the supervision of the Deutsche Börse somewhat stricter than that of the EU and North American financial markets, and if a problem is discovered, the consequences are quite serious. A few years ago, a company wanted to conceal part of its profits through 'financial means', but in the end, the company won compensation and went bankrupt, the accounting firm in charge was closed, and the 12 people involved went to prison......"

Fu Zhengyi patiently listened to the lawyer's briefing on the Deutsche Stock Exchange, and tapped his fingers on the table. "Now let's talk about the specific situation of the Bovia Group!"

"BOSS, please listen to me! I must first let you understand the rules of the German Börse, otherwise you will definitely have questions that need me to re-explain when introducing the situation of the Bovia Group......"

Zhang Wenwu couldn't understand what the old lawyer was saying, but through Fu Zhengyi's expression, he knew that he had touched a nail, stabbed him with his elbow, and squeezed his eyes. "Why do you think this old man is more majestic than you?"

Seeing that the old lawyer was silent and waiting, Fu Zhengyi raised his wrist and tapped twice on the watch case. "In the United States, lawyers are charged by the hour, ordinary lawyers charge $200 an hour, criminal cases are generally $500, and the best lawyers are more than three times the price, and the person in front of me is the authority among the experts in mergers and acquisitions, and the cost of hiring him is $3,000 an hour, and the minute you are delaying now means that you have wasted fifty dollars, which is enough for you to have a good lunch in Chinatown......"

"Yes, shut up! you'll treat me as a dumb person!"

Zhang Wenwu's stupid appearance made Fu Zhengyi smile and shake his head, and turned his face before signaling the old lawyer to continue.

"On March 10, 1997, the index of the new German market was 505.28 points, and on March 10, 2000, the index reached a peak of 8,559.32 points. However, after just six and a half years of prosperity, the New Markets Index ended up with less than 400 points left and its market value shrunk by 95% Above, this made many small enterprises that originally hoped to be listed on the German Stock Exchange lose the possibility of listing, and also led to the smooth transfer of the Bovia Group in 99 years after the rapid attack, because of market and time factors and suffered great losses, the overall market value evaporated more than seventy percent, the current net assets and stock price are in a serious inversion, but because the Bovia Group turned to the main board trading, so the short seller knows that the price is upside down, but still continue to short, but the term of the option is a little long, the cost of borrowing is a little high. However, the strange thing is that although the majority shareholders of the Bovia Group did not pledge or lend their shares, the fourth to ninth shareholders authorized the exchange to lend their shares in their names, which means that ......"

Fu Zhengyi raised his hand, motioned for the lawyer to pause, and turned his face to Mark who rushed from Vienna. "Has the background of these six shareholders been investigated?"

"These six companies are either registered in the Bahamas or the British Virgin Islands, and they hold a total of 21 percent of the outstanding shares of the Bovia Group, and I think these six companies are closely related to Zhao Xin, the chairman of the Bovia Group, because there are only five positions on the board of directors of the Bovia Group, and these six companies occupy two. However, when I investigated the offshore company, I couldn't investigate it anymore......"

Fu Zhengyi frowned slightly. "If the outstanding shares of the Bovia Group in the market are excluded from those held by these six companies, that means that only 47 percent of the shares are held, but the second and third shareholders hold a total of 15 percent of the shares, which means that even if all the outstanding shares in the market are collected, there is no way to remove Zhao Xin, let alone control the board of directors?"

The lawyer raised his hand and coughed dryly, waiting for everyone's attention to focus on him before he spoke. "BOSS, I need to remind you of a regulation of the German Stock Exchange, after buying and holding more than 30% of the shares of a listed company, it must be voluntarily declared to the regulator, and any subsequent purchase needs to be disclosed and can only be unconditionally launched when holding more than 75% of the shares, and the ...... can be completed without the approval of the board of directors."

Fu Zhengyi nodded and thought for a moment before asking. "So do shares held through buy options count, and are there any special rules for this?"

The old lawyer was stunned for a moment, and then thought for a moment before he said in affirmation. "Yes, if the purchase is made through leverage, it must be disclosed to meet the regulatory requirements, but if it is purchased with its own funds, then no matter how many shares are purchased, it does not need to be disclosed, but this continuous purchase will inevitably attract the attention of all parties......

After asking about all the circumstances he wanted to ask, Fu Zhengyi thanked the old lawyer when he sent him out of the door. "Thank you for the introduction, I will ask the secretary to make another appointment with you when needed......"

No matter what time it is, whether it is the Americas or Europe, or Australia or Africa, the firm will provide you with the best service and the most secure confidentiality measures to ensure that you will be satisfied with the ......."

The old lawyer left, and Ran Ying pursed her lips disdainfully. "It's really hard for Mackens & Associates, who have earned more than $20 million in legal fees, and even sent the oldest and most expensive partner to come over for this level of regulatory advice, and they didn't even give discounts, which was very ......dark."

"This old man is the best in the industry, no matter what the regulations can be reported in one mouth, change a novice to come over, the fee standard is low, but it is absolutely impossible to answer my previous questions so accurately, so sometimes it is necessary to look at efficiency, rather than just staring at the hourly wage, staring at the stopwatch!

Ran Ying was still not convinced. "But the problem is that it's useless to just know the rules of the German Stock Exchange! I have to find a way to bypass the supervision and avoid Zhao Xin's attention, if it is discovered, it will definitely cause big trouble......

"Your sensitivity level is too low, the old man already understands what I want to do, and he promises to keep it secret, I think today's $3,000 fee is simply worth it!"

Seeing him smiling, he walked inside, looking confident, but Ran Ying was confused, thinking that he already had a way to acquire Bovia Group?