Shortly after the end of the thrilling takeover war, a member of the Huo family was co-opted as a director of Walter Properties, officially joining the board of directors of Walter Properties.

It is difficult to say that the appearance of the white knight this time is to save the Zhao family, after all, the Huo family is not a good stubble, and they will not be kind to charity in this kind of thing.

After a honeymoon period of more than a month, the two sides soon clashed over business and management. Zhao Shixiong had to step up his efforts to win over Zeng Guoye, hoping to use his old partner's Liliang to counter the Huo family.

Zeng Guoye was full of ambition during this time, and even the wrinkles on his face were much less. He was not a decisive player in Huade Real Estate, except for some small shareholders, other people did not care much about his opinions, but after a takeover and anti-takeover war, he actually became the first two major shareholders to compete for the first time, which made his status improve a lot, and the opinions of the board of directors were also valued.

As the so-called people are in good spirits when they are happy, Zeng Guoye has a smiling face when he meets everyone during this time, and he unabashedly reveals his good mood, and even his wife is a little surprised, thinking that he has always found a Xiaomi outside, and he really found a private detective to quietly check and confirm that Zeng Guoye is not outside to rest assured.

However, in Zeng Guoye's heart, there has always been a piece of heart disease, that is, Lin Li once said to him that the mainland government will regulate and control the overheated real estate on Nanhai Island, and he also mentioned this matter at the board of directors, and the result is unexpectedly, the Zhao family and the Huo family have surprisingly consistent attitudes on this matter, and they are still increasing investment in Nanhai Island. It is contrary to Zeng Guoye's original intention.

In '92, the chief minister made a speech on his southern tour, proposing to speed up the pace of reform of the housing system, and funds were rapidly pouring into Nanhai Island. In this year, the average price of commercial housing on Nanhai Island was 1,400 yuan per square meter, and in 92, it soared to 5,000 yuan per square meter, and in this year, it has reached 7,500 yuan per square meter.

In other words, one dollar invested in the real estate market of Nanhai Island in 91 years has now become five yuan. And it's growing rapidly. Anyone can see it. It's a game of drumming and passing flowers, it's a complete bubble, but no one has any intention of getting out of it, this is the greed of human nature.

For such a lucrative project. Walter Real Estate will certainly not give up easily. Both Zhao Shixiong and the Huo family have a clear consensus on this point. That is to make maximum profits. As for the cooperation of the two major shareholders, Zeng Guoye was helpless, and another point was that he was also skeptical of what Lin Li said. Therefore, at the board meeting, it was just a casual remark, and after seeing the opposition from all parties, it no longer insisted.

The bubble on the South China Sea Island was finally punctured in June '93.

On June 23, Vice Premier Zhuge Pavilion delivered a speech, announcing the termination of the listing of real estate companies and the full control of bank funds into the real estate industry. Then the government issued the "Opinions on the Current Economic Situation and Strengthening Macroeconomic Control", which listed 16 strong control measures, including strict control of credit scale, reduction of infrastructure investment, and liquidation of all projects under construction. With the introduction of these policies, funds from all parts of the country, including Hong Kong, Macao and Taiwan, have receded like a tide, leaving the ground full of devastation.

According to later statistics, after the issuance of the regulatory document, there were more than 600 unfinished buildings left on Nanhai Island, with a construction area of more than 16 million square meters, and nearly 20,000 hectares of idle land, and the funds piled up in these lands and unfinished buildings were as high as 80 billion yuan.

Before the introduction of the exchange rate reform, the 80 billion yuan of funds compared to the two or three billion US dollars, this huge amount of money was like a mud cow into the sea, and then quietly disappeared after a wave of waves. Among them, it includes more than 2 billion yuan invested by Huade Real Estate.

Having such a big thing, Huade Real Estate must not be able to hold it back, and before announcing the news, they first held an emergency board of directors internally.

"Let's all talk about it, what now?"

The speaker was the current chairman of the board of directors, Huo Jikang, after the successful acquisition of Huade Real Estate, the board of directors was reorganized, Huo Jikang, who represented the Huo consortium, was elected chairman of the board of directors, and the original chairman of the board of directors, Zhao Shixiong, became vice chairman.

At this time, Huo Jikang's face was grim, and although he was still speaking softly and slowly, anyone could hear the helplessness in his tone. Yes, after only two months at the helm of this real estate company, the company has suffered a major change in policy, although the Huo family also maintains a good relationship with the Yanjing government, but this kind of news is absolutely impossible to detect. In fact, it is not only them, but even many princelings are planted in this matter.

What they can do now is to minimize the impact of this matter on the stock price as much as possible, but now that Huade Real Estate lacks liquidity, even survival has become a problem, let alone resolving the pressure on the stock market.

Most of the shareholders here understand this situation, but most of them are small shareholders and have no right to speak at all, even if they can speak freely now, but who can fill such a huge hole! Some of them are even thinking about how to cash out their shares without being regulated.

Zuihou's regret was none other than Zeng Guoye, who looked depressed, he never thought that the energy of the people behind Skyline International Holdings would be so great, and they were much better informed than the Huo family. If I had listened to him at the time, I would have been able to fully cash out at the same time, and I still got a promise from such a character, which is much better than the current situation.

At this time, he held about 13% of the shares of Huade Real Estate, and sold less than 5% of the shares in exchange for more than 400 million Hong Kong dollars in cash, and now the stock price of Huade Real Estate is floating at the price of 12 yuan, making the 6% of the shares he originally bought have lost more than 120 million Hong Kong dollars.

Now the group has suffered a huge loss on Nanhai Island, once the news is announced, the current stock price of 12 yuan will definitely not be guaranteed, and maybe even be cut in half, and then all his net worth will add up to about seven or eight billion, which is a lot less than the billions at the peak.

This moment. He regretted the decision he made very much, but there is no regret medicine on this shijie, and time will not be reversed. But Zeng Guoye was still very angry: "It is said that domestic policies are volatile, like this investment behavior, the government sentenced it to death in a document, and it does not act in accordance with the laws of the market at all, so how do we do business?" I said earlier that I shouldn't invest too much in the mainland market......"

At this time, it would be too much for others to say that this kind of falling into the ground, but Zeng Guoye is different, he is the third largest shareholder, and he has made similar suggestions at the previous board meeting. Now this seems to be an afterthought, only he can say it.

Huo Jikang and Zhao Shixiong's faces were flushed. They understand very well that what Zeng Guoye is complaining about is themselves, but it was their own fault in the first place, and now they can only endure these cold words.

"I don't think there's a way to do it, or we'll sell the company now. Maybe it can be sold for a good price! Zeng Guoye's words were amazing. After a lot of complaints, he suddenly made such a suggestion.

A company with a market capitalization of five or six billion. Usually there is not much cash, and like real estate companies, they usually make full use of the financing in banks and the stock market to become stronger and bigger. In other words, the leverage is relatively high, and the advantage of this approach is that it can expand rapidly, and the disadvantage is that once the amount of capital is broken, it is easy to fall into the verge of bankruptcy.

In fact, after the news was disclosed, it is likely that the stock price will fall sharply, Huade Real Estate can not raise a penny in the stock market, and then it is forced to repay the bank loan, in the process, don't want to borrow funds from other banks, and even the issuance of bonds is impossible, the final may be to sell the company's inherent assets, and then it is to be depressed in every possible way, and when the debt is almost repaid, the next step is to lay off employees, reduce expenses, etc., It is estimated that by that time, the stock price of Huade Real Estate will only be a few "cents" left.

Of course, this is the most extreme case, which can be avoided with new capital injections, but who can take out more than two billion dollars at once to fill this huge hole!

There is only one possibility, that is, the person behind Skyline International Holdings, who once aggressively wanted to buy Huade Real Estate more than two months ago, but this time he will definitely go all out to lower the price, and it is absolutely impossible to do so under conditions like the one proposed last time.

Shareholders now undoubtedly don't want them to leave empty-handed, so after a little consideration, most of them nodded in agreement.

As the largest shareholder, Huo Jikang and the second largest shareholder, Zhao Shixiong, have extremely ugly faces, for the Huo family, it is not a problem to take out 200 million funds at one time, the problem is that Huo Jikang does not have this power, nor does it have this possibility. You must know that in the Huo family's house, there is not only one heir, but also two other brothers and a person with a foreign surname who are eyeing the huge family property.

Zhao Shixiong's side is even more impossible, seeing that the career he founded collapsed like this, he was also extremely unwilling, but the latter is undoubtedly a better choice than giving it up. After all, it's not the first time he's done it.

In the end, the two nodded helplessly under the gaze of the audience.

In July 93, Huade Real Estate issued an announcement to transfer all its shares to Skyline International Holdings Co., Ltd. at a price of 5.0 yuan per ordinary share and a price of 1.8 yuan for warrants, and applied to the exchange for privatization after the completion of the equity transfer.

The smoke of the acquisition two months ago has not yet dissipated, and this sudden change of hands has shattered the glasses of most investors. Some media described it this way: "This battle of takeovers and anti-takeovers finally ended with the victory of the brilliant and mysterious Skyline International Holdings of the Huo family, a veteran wealthy businessman." Needless to say, the ups and downs and treacherous waves, I believe that the screenwriters of TVB, ATV and other TV stations can't make up such a bizarre plot. ”

Eventually, critics estimated that Skyline International Holdings Ltd. controlled a former giant in Hong Kong's real estate industry for less than HK$3 billion, and that the financial situation of Huade Real Estate after the delisting was no longer disclosed, leaving most people with no way of knowing the real situation inside the real estate company. (To be continued......)

PS: Thank you for the monthly pass support of abx353 and lao knife! Regarding the acquisition written in the recent paragraph, some book lovers are not very satisfied with it, in fact, the real point is not this, it is just the transition process required in the plot. A new campaign will start tomorrow, I hope you will continue to pay attention, xiexie support~