In March and April, Xinghu Industrial spent a total of 760 million yuan to buy three unfinished building projects, and Xinghu Industrial, which integrated the Hutchison Real Estate Project Department, was not enough to support larger-scale expansion in terms of manpower and material resources, and also to avoid unnecessary risks. Xinghu Industrial already has the strength to cover the market, and in the conceivably more hot 03 and 04 property markets, real estate developers will maintain the debt ratio at 60-70%, without much risk. With a debt ratio of 70%, Xinghu Industrial can absorb at least three or four billion yuan of funds from various channels by virtue of its existing assets, and it is not afraid that the capital chain will be disjointed.

Yes, in 03 years, bank credit rights have become one of the most important resources for real estate developers, and absorbing funds from various channels has become the most important thing for developers.

After the integration of Xinghu and Hutchison, the huge resource advantage was once again reflected, and this year, Xinghu Industrial unscrupulously acquired unfinished buildings, so that Xinghu Industrial planned to carry out eight projects at the same time in 03 years.

In addition to unfinished buildings, Xinghu Industrial also plans to purchase land on the south bank of the last lake, but it will not develop these lands for the time being, after all, the development cycle of new real estate is too long compared to unfinished buildings.

On the side of Nangang New Town, the Jiacheng Garden developed by Zhu Yuntian was also successfully opened for pre-sale in April, with sales stable at more than 2,200, and at the same time, the two real estate projects in the university town and the new administrative center were opened at the same time, and the pre-sale price reached 3,200. The two real estate projects in Tianxing Lake will be launched for pre-sale this autumn, and the base price of the Xizhai boutique community will be set at 3,800 yuan.

Before that, the large-scale investment in the United New Energy Group and the uninterrupted absorption of Jinghai Construction's tradable shares and several other investments for five consecutive months, the 500 million funds on the Jinghai United Investment Account almost made Lin Quan spend a fine time, but in the first half of the year, the total profit and ground rent income of Xinghu Industrial exceeded 150 million, which eased the financial pressure.

Shan Yuan didn't understand Lin Quan's intention to persistently absorb the total tradable shares of Jinghai Construction. Liantou in 00601 this stock continuously invested 300 million, the current book profit of 10%, but the fundamentals of this stock is very poor, shareholders have lost confidence in this stock, as early as three years ago, the major shareholder Lijing Group announced that it would reorganize Jinghai Jianzong, the stock price soared for a while, the restructuring did not move, the securities investment institutions controlled by Lijing Group have benefited a lot from the restructuring of this shadow. Of course, it is a miracle in this country that such an open-minded act of indulging in the stock market has not been investigated and punished. The credibility of 00601 has dropped to the extreme, the market is large and very large, there are 500 million shares of circulating shares, and there is no value for speculation, and because of the bad impact of the Yadong New City project, it has fallen into a business crisis again, if it is not for Liantou in the secret to absorb a large number of circulating shares, this ST shares, the stock price is likely to have fallen below one yuan, the current stock price is 1.15 yuan, down 15.4% from 1.36 yuan at the beginning of the year. The securities department has been made by the surname of the band, and the cost price is 1.04 yuan, but such a large number of stocks cannot be sold, and once it is sold, it will cause the stock price to continue to fall, and the book profit will be spent for nothing, and a lot of money will be lost.

Investing this huge amount of money in other stocks, Shan Yuan is confident that he will make a profit of 15% or more in half a year.

Shan Yuan handed the financial report to Lin Quan and said: "According to your instructions, the securities department has absorbed 60% of the outstanding shares of Jinghai Construction, accounting for 27% of the total share capital, and is currently scattered in various related accounts, with a book profit of 10%, but it cannot be shipped, and once it is shipped, it will cause a rapid decline in stock prices." ”

"They're still sluggish." Lin Quan smiled contemptuously.

"It's because the enemy is too cunning." "Our investment accounts are scattered in other cities, and unless they can use the power of the Securities and Futures Commission, they can't track them down." ”

"Jinghai Construction will be reflected in the financial statements of the new quarter, well, half of the shares will be concentrated in the name of Liantou, 13% of the shares, enough to become the third largest shareholder of Jinghai Construction, you will represent the 13% equity controlled by Liantou, Jinghai Construction is still very lively."

Shan Yuan hesitated for a while and said: "27% of the shares, it is already the largest shareholder, Liantou can join Jinghai Construction and lead the restructuring process of Jinghai Construction, but Jinghai Construction has a very poor reputation among shareholders, but it takes a lot of effort......"

Lin Quan looked at Shan Yuan with a smile: "It seems that you are a little dissatisfied with my decision?" ”

Shan Yuan said: "Who gave me an annual salary of two million, any dissatisfaction seems insignificant, but I am a little worried, Mr. Lin gave me such a large salary, and handed over such a huge amount of funds to me to manage, I don't want to ignore my responsibility." ”

Lin Quan laughed and said: "Liantou has Xinghu Industry under its name, there is Tianxinghu, Jinghai Construction has no resources available to Liantou except for an empty shell, even if the speculation is profitable, in addition to the risk of indulging the stock price, the profit expectation is not ideal." I have studied the proposal you submitted last month, and it is very reasonable, and I will add 50 million yuan to the securities department to absorb the shares of Jinghai Electric Group. Jinghai Electric's circulation is very small, and the equity is scattered, and 50 million is enough to become the third largest shareholder of Jinghai Electric. The most critical place is that the human resources of Jinghai Electric Group can make up for the biggest defect of United New Energy Group, and give you a fiscal quarter to absorb Jinghai Electric's current shares, during which I will add 50 million funds. ”

"Jinghai Jian's ......"

"In some cases, you are not clear, on the books, Lijing's holding of Jinghai Construction is 22%, which is also reflected in your report, in fact, Lijing controls more than 39% of Jinghai Construction's shares through complex personnel relations, so we only absorb from the secondary market, and cannot compete with Lijing for control of Jinghai Construction, and concentrate 13% of the shares in the name of Liantou, but to startle the snake, I will formally discuss with Jinghai SASAC the transfer of 26% of Jinghai Construction's state-owned shares, 13% Add 26%, just equal to the equity held by Lijing, if Lijing does not fight back, Liantou will take advantage of the trend to become the owner of Jinghai Construction, with the iron bowl policy, leading the restructuring and reengineering of Jinghai Construction, if Lijing counterattacks, and we compete for control, then we will push the boat, the remaining 14% of the stock in the secondary market to make a profit, control 13% of the equity honestly as the third shareholder of Jinghai Construction, this is my overall plan. ”

"Ah......" Shan Yuan looked at Lin Quan in surprise, "Mr. Lin is sure that Lijing will fight back?" ”

Lin Quan said with a smile: "Jinghai Jian is always a chicken rib, it is useless to get it, it is a pity to abandon it, and it also involves my commitment to considerable aspects, and I can't abandon it, so I hope that Lijing can fight back fiercely, and it is best if I have no power to fight back." ”

Shan Yuan said with a smile: "Sun Feifei said that Mr. Lin is cunning and cunning, I only understood today, we are doing this, but we have no handle left for the opponent." ”

"Am I cunning?" Lin Quan touched his chin, "For the sake of Jinghai Jianzong, I spent nine months before and after, which can only show that I am patient." ”

(To be continued)