Chapter 86 Raising Funds and Rights for Shares

Song Ling knew very well that no matter how difficult it was, a company like Huaxia COSCO would not lack cash flow, as long as they cried to their immediate superiors, a note would soon be approved, and then the mainland banks would have to obediently take out money if they didn't want to take out loans.

Since Li Xi understood Zhang Baiqing's intention, he was sure that he was ready to borrow short-term liquidity from Xia Run Group, so he was a little reluctant in his heart, and looked up and said: "What's so difficult about this, Zhang Dong can raise funds and raise shares from the market!" ”

Raising funds and rights is a name for allotment of shares in the Hong Kong capital market, which is essentially a kind of additional issuance. For example, the company's original share capital of 1 billion yuan has now decided to issue an additional 100 million yuan of new share capital to all shareholders. Generally speaking, this additional issuance is based on the shareholding ratio on the record date, that is, the purchase amount of shareholders, and generally increases by 10% on the basis of their original holding ratio. If the purchase is made, the original proportion of the share capital will remain unchanged, and if the purchase is not made, the original proportion of the share capital will be diluted.

In addition to raising funds, fundraising also has another function, that is, to break the original shareholder pattern. A major shareholder can take advantage of the poor flow of funds from other shareholders to dilute his shares and take the opportunity to achieve the goal of controlling the board of directors.

It's just that this way of raising funds is obviously not suitable for the current Huaxia COSCO, because the price of Huaxia COSCO fluctuates violently, and it is difficult to determine the price of the allotment, and on the other hand, there is a suspicion of making money, and shareholders may not necessarily admit it in the case of a market downturn. And, most importantly, from the announcement of the allotment to the final implementation. During this period, it may go through a period of time, although there is the help of underwriters (investment banks), but for the current China COSCO, it is obvious that the water cannot save the near fire.

As for other behaviors such as stock splits, share gifts, and share increases, they are all calculated based on the current total market value, and their purpose is to increase liquidity and is a means to raise funds. However, all of this is premised on a situation where the market is doing well and investors have a strong desire for liquidity in such stocks. But now the market is bleak, and once something like this comes out. Analysts will think right away. The company may fail, and it will cause an even bigger decline.

When Zhang Baiqing smiled bitterly and explained these doorways to Li Xi, Li Xi was also silent. To be honest, for the financial markets. Li Xi was not very familiar with it in the first place. It's just that I've learned a few new terms in Hong Kong in the past few years. Therefore, when he heard Zhang Baiqing say this, he realized that his proposal was a little inexplicable.

However, Li Xi can sit in this position, and it is obviously not easy to match. Maybe he doesn't know much about financial markets. But his speculation on people's hearts has reached a point where they are perfect.

"Since that's the case, then Zhang Dong came here this time, I don't know what we can do?"

Li Xi touched his nose, his expression a little confused. Without waiting for Zhang Baiqing to answer, he continued: "Dong Zhang, don't you know, our company's stock price has been falling recently, and the board of directors has used a lot of funds to protect the disk, and now the cash reserves are also very lacking!" ”

The implication is that borrowing money is not to talk about it.

Where does Zhang Baiqing still not understand his meaning? However, his trip was not to borrow money from Xia Run, and hurriedly replied: "Dong Li, the market is not good now, how can I drag down the brother company?" Don't worry, I'm definitely not here to borrow money from your Xiarun Group. ”

Li Xi breathed a sigh of relief when he heard that he was not borrowing funds from Xia Run Group, but it also made him more curious about Zhang Baiqing's intentions, since Xia Run's side is not good for him, then in view of the truth of "nothing to do and go to the Three Treasures Palace", Zhang Baiqing came a little too much to say this time.

Could it be? Li Xi's eyes rolled and he glanced at Song Ling, who was listening attentively, and a thought suddenly rose in his heart: Could it be that this old fox is here for him? It doesn't make sense, since I don't have any cash here, how can he have a way as a department manager?

How is this possible? But what surprised him was that before he could dispel this idea that he thought was ridiculous, he heard Zhang Baiqing say with a little flattery: "Dong Li, you have no way, but Brother Song has a way!" Now who doesn't know that Brother Song is the God of Wealth! ”

Song Ling's face changed, and he could already see Zhang Baiqing's provocation, although he didn't know what Lu Dao was for, but he still explained it to Li Xi as soon as possible.

Zhang Baiqing was not in a hurry, and lit a cigar the thickness of an arm and tasted it leisurely.

After half an hour's effort, Li Xi's face turned from red to white, then from white to green, and then to blue, as if he had opened a dye shop. After Song Ling finished speaking, he took a long breath and said lightly: "Since this is the case, then you should think of a way to help Zhang Dong tide over this difficulty." ”

At this time, his heart was like a stormy wave, Li Xi never expected that there would be such a capable person under his subordinates, who would actually be favored by Zhuge Pavilion and take charge of an astronomical amount of capital operation. He also knew that in this case, it had become inevitable to keep secrets internally and externally, so he did not blame Song Ling too much.

In fact, instead of reproaching, he was very excited, because he accidentally learned that his subordinates had actually taken a ladder, and at this time he was worried that there was no way, and now it was as if someone had just fallen asleep and someone sent a pillow, how could it not be exciting!

"How about it, Brother Song, I believe you also know something about my brother's current situation, we are comrades-in-arms in the same trench, you can't die without help!" When Zhang Baiqing saw that Li and Song finished talking, he immediately put on a sad face and pleaded in a low voice.

If it were another person with a low status, maybe Song Ling would still believe this kind of realistic expression, but the person in front of him made it was obviously not what it appeared on the surface. But even so, Song Ling didn't dare to handle it, and hurriedly said: "Dong Zhang, since you know about this matter, it is inconvenient for me to hide it." You can rest assured, I will report the situation of Huaxia COSCO to the two agencies, Hualian News Agency and Aihua Society, and I believe that the rescue funds will be approved soon. ”

"Little brother!"

The sadness on Zhang Baiqing's face became even thicker, and he shouted repeatedly: "Little brother! I'll call you brother, you won't give me this face, right? I know that it will take at least a week to be approved by those two institutions, who doesn't know that Brother Lu Dao has tens of millions of liquidity quota in your hands, as long as you leak a little bit to us and give us the ocean, you can help us get through this crisis. ”

Song Ling was silent, lowered his head and thought for a long time, then suddenly gritted his teeth, raised his head and said loudly: "Okay!" Tomorrow, I will enter the market to protect the stock price of Huaxia COSCO, and when the time comes, Zhang Dong, you can sell some of the raised funds first, and then buy it back when the stock price is low, and the amount is set at about 10 million. Obviously, he has agreed to Dong Zhang's request.

This is the transfer of funds in disguise, anyway, this fund is not Song Ling's personal, and now he can sell personal favors in the past, now that his goal has been achieved, there is no need to do anything more.

Seeing that Song Ling agreed so easily, Zhang Baiqing was obviously a little overestimated, and his expression was a little stunned, but he reacted quickly, immediately changed his expression to a smile, raised his wine glass and said, "Brother Song, I'll thank you first." Come, let's have a toast for the future cooperation. ”

"Wait!"

Song Ling covered his wine glass and said loudly: "Dong Zhang, we were able to cooperate this time at this time, mainly due to our Li Dong, if it wasn't for Dong Li giving the juniors a chance, I wouldn't be sitting here." Isn't it for us to give Li Dong a glass first? "He's giving all the credit to Li Xi.

Zhang Baiqing's movements were stagnant, his arm trembled slightly, and he almost spilled the wine in the wine glass, but he stabilized his mind, turned the wine glass to Li Xi, and said: "Li Dong, you have really cultivated a good talent, I will thank you first." I don't know if Dong Li is interested in cutting love, if so, we Huaxia COSCO will give Brother Song a position of vice chairman. ”

Li Xi also raised his wine glass, and said with a smile: "Brother Zhang, this is not right, Song Ling is a talent that we have vigorously cultivated internally, how can we let him go easily?" Brother Zhang, don't say anything about digging the foot of the wall, otherwise I'm going to turn my face. He said that he turned his face, but the smile on his face, where was the real guilt?

Without waiting for Zhang Baiqing to reply, Li Xi continued: "I hope that with the help of the central government this time, we will all be able to tide over the difficulties." Come, let's dry this wine. ”

The three wine glasses collided heavily, and then the three of them simply "snorted", and the three of them drank the Moutai in the cups, then glanced at each other, and laughed in unison.

Now that the goal has been achieved, Zhang Baiqing will not stay for a long time, and after a few more gossips, he will leave and leave, and he will prepare for tomorrow's transaction.

After Zhang Baiqing's figure disappeared outside the box, Li Xi's originally smiling face disappeared immediately, only to see him snort heavily, and turned back to Song Ling and said dissatisfiedly: "This old fox, who has made a lot of money, is really greedy to start the idea of the country." ”

Song Ling could only laugh for a while, not daring to answer.

Seeing that Song Ling didn't reply, Li Xi also felt bored, turned around and sat in his position, thought for a while, put on a smiling face again, and said to Song Ling: "Xiao Song, you said that our Xiarun Group has been operating well in recent years, and the stock price has also risen steadily, shouldn't we give back to the market and pay some dividends or something?" ”

Song Ling's heart, who was lowering his head, tightened, his face twitched suddenly, he became dumbfounded, and he couldn't say a word for a long time. Since he talked about this, he still didn't understand that his boss also had the idea of this fund. (To be continued......)

PS: PS: Recently, TVB has a new drama called "Winning Hands", which is roughly about insider trading in the stock market, and it has been broadcast for three episodes, which is honestly very good. The content is not to be evaluated, there are some nouns in it, I will explain it to you in the book, there are currently two names, one is the white knight, that is, the white knight, I have already mentioned it earlier in the book. The other is to raise funds and rights issues, which I will explain to you in this chapter today.