Lin Quan smiled slightly and looked at Liu Huadong and Zhu Yuntian and said, "Do you want cash or stocks?" ”

Liu Huadong stared at Lin Quan curiously and asked, "Can Liantou still have enough cash to make an acquisition at this time?" ”

Lin Quan said: "Dongdu, Hutchison and Liantou will form Xinghu Construction Group, and the three will put the shares of Xinghu Holdings in their hands under the name of Xinghu Construction Group, and Xinbo's Qinglonghu Construction Group will also be placed under Xinghu Construction Group, and the mergers and acquisitions of Haocheng and Jiacheng will also be realized through Xinghu Construction Group, and there are ......still channels to solve the problem of cash."

"Your mouth has always been very tight, I'm from a construction background, what do you want cash for" Liu Huadong looked at Lin Quan, "Are you going to give up control of Jinghai Jianzong?" ”

"Why would you give up control?" Lin Quan smiled and said, "Maybe sometimes it's impossible to give up temporarily, but it won't always be helpless." Pen? Interesting? Pavilion wWw. ｂiquge。 ｉｎfo”

After Shen's Real Estate acquired Jinghai Construction's total corporate bonds of 1.8 billion, Shen's Real Estate also tried to use the outstanding shares in his hand to suppress the stock price, but some institutions opened their invisible mouths at a slightly lower price to support Jinghai Jian's stock price above 10 yuan. According to domestic laws and regulations, institutions holding more than 5% of the shares need to announce that 12% of the outstanding shares of Shen's Real Estate cannot be moved lightly, and the hidden chips are very limited, and the stock price will be suppressed to a reasonable price, and even continue to rise.

Lin Quan took advantage of the time he had temporarily taken control of the board of directors to ask Jinghai to carry out large-scale publicity on the Century City project.

800 acres of pristine wetland jungle. The 500 acres of artificial islands, lakes, twists and turns, and the meandering rivers and rivers of the real estate media did not hesitate to praise Jinghai Jianzong for the beautiful scenery artificially created by nature in Century City, and praised the actual designers of Century City for their joint investment, comparing Danshan Apartment, Pengrun Home, Hushan Villa with Century City, and placing the honors won by Danshan Apartment, Pengrun Home, and Hushan Villa on the head of Century City, but they did not feel the slightest inappropriateness.

In the early stage, Shen's Real Estate and Liantou competed for the outstanding shares of Jinghai Construction. Raising the share price of Jinghai Construction to 11 yuan, which is an incredibly high price in the season before the ice period of the securities market has passed. It is true that Lin Quan let the United Securities Investment snipe at the stock price of about 10 yuan, and Shen's real estate suppression, but Jinghai Jianzong's stock price continued to rise from 11 yuan, which can only be said to be caused by the irrational madness of the securities market. Under Lin Quan's instructions, Jinghai Construction General Manager carried out large-scale publicity on Century City by the main real estate media and securities media in China, which further amplified the irrationality of the securities market. In October, the share price of Jinghai Construction rose to 16 yuan.

Many analysts believe that Jinghai Jianzong's irrational rise is due to Shen's real estate black-box operation, from Shen's real estate highly involved, Jinghai Jianzong used a high price of 2.16 billion yuan to acquire Jinghai Jianzong's convertible corporate bonds from Nantou, and many media unanimously believe that Shen's real estate has hidden a lot of chips behind the publicized shares.

Shen's Real Estate feels that it is quite unjust, and the higher the stock price, the higher the cost of implementing the debt-to-equity swap. In the end, the number of shares obtained is also small, on the basis of the current stock price, the implementation of the debt-to-equity swap plan, the number of shares obtained by Shen's Real Estate is even less than 1o% of the total number of shares, the result will be that the actual holding ratio shown in the announcement of Shen's Real Estate can not even pass the joint investment.

At this time, Shen's Real Estate no longer dared to use the hidden chips in his hand to suppress the stock price, and now it is impossible to judge how many shares of Jinghai Construction General Land that Liantou has absorbed from the securities market. At this time, suppressing the stock price is undoubtedly sending the chips in hand to the hands of Liantou. On October 9, Shen's Real Estate announced again that it had acquired 8% of the outstanding shares of Jinghaijian from two private equity companies (essentially controlled by Shen's Group), and Shen's Real Estate and Antai Investment actually controlled 36% of Jinghaijian's total shares and 1.8 billion convertible corporate bonds, in view of the current stock price. It has an advantage of less than 2% over Liantou. But no one knows how many chips are hidden in the hands of the joint pitchers that have not been revealed.

In this case, if Shen's Real Estate wants to compete with Liantou for the chips of tradable shares in the securities market, it will inevitably cause the stock price to rise further. At present, Jinghai Construction is almost completely in control of the territory. The actual tradable shares in the securities market are very limited, and there is a slight flurry. It will go up again. The rise in stock prices means that the $1.8 billion in corporate bonds can only be converted into smaller shares.

The frantic performance of Jinghai Construction's total outstanding shares in the securities market forced Shen's Real Estate into a dilemma, and they had to face it

Such a possibility, even if the debt-to-equity swap plan is implemented, the proportion of shares is very likely to be less than that of the joint investment.

Under such circumstances, 6 Jianhui visited his third uncle 6 Shugong, who had been detained in the Jinghai Labor Camp for half a month.

"Why is this the case, how much money does the joint investment have?" 6 Jianhui didn't care about the people who might be eavesdropping on Lin Quan, staring at 6 Shugong who looked good with his face.

"Haven't you monitored all the channels through which the stock may be funded?" 6 Shu Gong's expression was very calm, there was no embarrassment when he was just detained here, although the son of the second brother came to him when he encountered difficulties, after all, he was the first person in the family to visit him, thinking of this, 6 Shu Gong's smile was a little colder, "It may not be entirely that Liantou is raising the stock price, and it is not impossible for other institutions to see our dilemma and let them come in and intervene." ”

"At this time, what are our chances of winning the debt-to-equity swap?" 6. Jianhui can't take care of the shame in his heart, "Or is it considering acquiring other creditor's rights?" ”

Jinghai Construction has a total of 3.7 billion corporate bonds, in addition to the 1.8 billion corporate bonds that Nantou has transferred, there are also 1.9 billion corporate bonds held in the hands of several investment companies, which provided huge amounts of funds to Jinghai Construction at the beginning of the construction of Century City.

6 Shu Gong pursed his lips and said with a smile: "He agreed to Nantou's corporate bond to implement the debt-to-equity swap plan, but dig a grave for us, do you think that under his control, the general board of directors of Jinghai Construction will agree to other creditor's rights and implement the debt-to-equity swap plan?" ”

"Why can the third uncle be so calm, if you want to say that there is a grave, isn't there a tomb to bury us together?" 6. Jianhui's voice was a little more intense: "Could it be that the third uncle can be alone?" ”

"We underestimated him, after he successfully separated the relationship between his eldest brother and us, Chen Li even went to Xinghu Holdings as a senior public relations consultant, we have been worried that he will take advantage of that will, it is difficult, and we don't take into account that he still has the strength to set a trap for us on this," 6 Shugong said, "Our vision should not be limited to Liantou, Dongdu, As long as the projects related to these three groups are related to the three groups, the source of project funds should be thoroughly investigated, and you must know that it is very easy to transfer huge amounts of money through large-scale projects, and we have not realized such an easy way. ”

"The third uncle is saying that there are other institutions that are providing them with funds," 6 Jianhui sneered, "Since there are other institutions joining forces to directly participate, why do you need to transfer funds through projects?" ”

"The domestic securities market and the real estate market are not all funds can participate freely," 6 Shu Gong ignored his nephew 6 Jianhui's ridicule, "Liantou itself has a background of foreign funds, and we always thought it was a smoke bomb from him before, and now it seems that we have to take it seriously." ”

"The third uncle is talking about the union of the Netherlands-; The Lin Foundation? The Netherlands is a free country to set up funds, and it is impossible to obtain the registration information of the United Lin Foundation even through diplomatic channels. 6. Jianhui said impetuously: "Third Uncle still thinks about the current predicament first, can it be said that the plan to suspend the debt-to-equity swap?" The debt-to-equity swap plan has long been submitted to the China Securities Regulatory Commission, and the China Securities Regulatory Commission can't keep delaying it like this without approval! ”

"At this time, the plan to suspend the debt-to-equity swap will require the CSRC to veto the ......plan," 6 Shugong fell into deep thought, and opened his eyes again for a moment, "Once we give up the debt-to-equity swap, do we have better bargaining chips in our hands than Century City to leverage the property market in Jinghai?" There is no way back, why look ahead! You must know that he also has scruples about manipulating the securities market, and the crime of manipulating the securities market can be big or small, and he does not dare to take this risk now, let the CSRC quickly approve the plan, and if it drags on, there may really be no chance. ”

On October 18, the China Securities Regulatory Commission approved the debt-to-equity swap plan submitted by Jinghai Construction, and Shen's Real Estate converted the 1.8 billion corporate bonds acquired by Shen's Real Estate with 2.16 billion yuan into 140 million shares of Jinghai Construction Group, and the total number of shares of Jinghai Construction increased to 1.56 billion shares, and the total number of shares of Jinghai Construction was diluted to 36%, the shares of difficult investment were diluted by 5.4%, and the shares of Antai Investment were diluted by 16.2%, and Shen's real estate accounted for 27% of the shares at this time, and Shen's actual shares accounted for 43.2%, and 41 of the joint investment. 4%, but Shen did not have the slightest excitement of victory, they no longer had many hidden chips in their hands, but they didn't know how many chips Liantou hid, and they didn't even dare to put forward a motion to re-elect the board of directors, and only asked the board of directors to agree to the opening of Century City as soon as possible.

After Shen's Real Estate acquired Jinghai Construction's 1.8 billion convertible corporate bonds from Nantou, everyone thought that Jinghai Construction's control would be transferred, and they did not expect the madness of the securities market to let Shen's and Jinghai Construction's control pass by.