Chapter 140: Xie Tengfei's End
Xie Tengfei hurriedly turned on the TV and turned to the financial news column.
The host was talking about the overseas department store of Ascendas Group.
This is a provincial TV station, and there are also stationed reporters in the United States, and the resident reporters in the United States immediately went to the department store to check on the spot, and found that most of the shops in the department store were empty, and the flow of people was pitiful.
It's such a department store, if you say it can make a profit, who can believe it?
The reporter began to interview the merchants of the department store. These merchants are all Chinese, and they are all complaining, saying that the department store is not doing well in terms of drainage, and they have not understood the needs of the United States, including the design and structure of the department store, which is incompatible with the United States, and they have planned to evacuate.
And the location of the department store is not good, close to the violent neighborhood, and there are often murders around.
Many of the markets in this place are controlled by some bosses.
At the beginning, Xie Tengfei was in a hurry to advance. I wanted to make achievements overseas, and under the persuasion of the supervisor in the United States, I invested money without a good investigation.
After seeing this report, Xie Tengfei's eyes turned black. Directly slumped in the boss's chair, he never thought that this matter would be dug up.
Vice President Zhou Delong's legs also weakened, he knew very well what this meant, and sure enough, the soaring stock price began to plummet again.
Sovereign Hotel.
When Lin Bufan saw that the stock price of Tengfei Group fell to 11 yuan, he asked Zhang Yini to start selling Tengfei shares.
Zhang Yini frowned and said, "Aren't we a loss?" “
When I bought it, it was more than 12 yuan, and now I have a loss for myself when I sell it.
"In a big war between the two armies, how can we not lose a single soldier, our purpose is to beat the Tengfei Group to the brink, and you can rest assured that the money we lost in the stock will be made up for from other places." Lin Bufan said with a smile.
"Well, I believe you, I'm going to sell the Takeoff stock right now." Zhang Yini followed Lin Bufan's instructions and threw out the Tengfei stocks that he bought a few days ago.
After the stock sell-off, the shareholders who hold Tengfei shares are completely desperate, this is the rhythm of the collapse.
Inside a stock market lobby.
More than a dozen shareholders who held Tengfei stocks stared at the K-line chart and whimpered: "It's down to 9.6, it's going to be suspended, hurry up and throw it, otherwise you will lose to death." “
But the problem is that if you throw it away, no one will take it.
This caused even more panic.
Meanwhile. Several major shareholders of the Ascendas Group have requested an emergency board meeting.
Xie Tengfei had no choice but to go to the board of directors.
When I arrived at the conference hall, I saw more than 20 shareholders with black faces.
Xie Tengfei had a stomach full of bitter water, regretting that he should not provoke Shengshi Company.
"Dong Xie, could you please give us an explanation, why the department store in the United States is in a state of loss?"
"Didn't your last year's report show profitability? You are fraudulent, now we Tengfei Group is worried about internal and external troubles, the stock price has plummeted, do you know how much we have lost? “
More than two dozen shareholders lost more than a billion in one day.
Tengfei Group's market value has shrunk from 10 billion to less than 6 billion, and the market value has evaporated by 4 billion.
Xie Tengfei was sweating and said weakly: "This time it is indeed my problem, and I apologize to everyone." “
"Is it all about apologizing? You have to be responsible. A major shareholder in his 50s stood up and scolded, "The reason why I invested in Tengfei Group is because I believe in the chairman that you can lead me to make a fortune, but I didn't expect the huge losses that will be brought to me now." “
"Before, because of your son's outrageous behavior, we suffered a lot of losses, and now you have falsified your data and the stock has crashed. It was a devastating blow. A major shareholder in his 40s wearing gold-rimmed glasses rebuked, "You are not worthy to lead us now, and I propose to re-elect the chairman." “
"Yes, now only if you take the blame and resign, can you give us a way to live, otherwise shareholders don't believe in our Tengfei Group, and the crisis of confidence will directly bankrupt us."
More than a dozen shareholders have demanded that Xie Tengfei take the blame and resign.
Xie Tengfei bared his teeth, his eyes were red, "You were also optimistic about the market when you invested in Tengfei Group, and believe me, now there is just a little problem, in the shopping mall, who can always be invincible, we should unite at this time." “
Xie Tengfei is the founder of this company, and he has more than 53% of the shares.
It should be noted here that there is a difference between equity and shares.
Xie Tengfei holds a 34% stake in Ascendas Group. But with a 53% stake.
For example, if there are 4 people who open a company together, and each person takes out 250,000 yuan, the company's assets are 1 million. The shares are 25% per person, but two of them are investors, just invest money, and the other two are managers, who are specifically responsible for the company's affairs, in order to avoid internal friction and contradictions, the two managers in charge of the company proposed to ask for more equity, so their equity became 60%. In this way, when it comes to important decisions, they have more say than the people who invest in the money, and can decide the company's course and decisions.
When dividends are distributed, they are still distributed according to the proportion of 4 people's contributions, for example, if you make a profit of 1 million, each person can still get 250,000.
The advantage of separating equity and shares is that it is easy to manage.
Tengfei Group has experienced more than 20 years of development. Investors continue to enter, which dilutes Xie Tengfei's shares, and in order to prevent the power from falling in the future, Xie Tengfei firmly controls the equity.
Because Xie Tengfei has 53% of the equity in his hands, the proposal of several major shareholders naturally cannot be passed.
Back in the office, Xie Tengfei was so angry that his whole body trembled.
By the time the market closed, Tengfei's stock price was as low as 6 yuan.
The entire Ascendas Group is shrouded in dark clouds.
Sovereign Hotel.
Lin Bufan, Xu Da and Zhang Yini opened champagne to celebrate.
"Hahaha, this battle is too beautiful, Tengfei Group is already on the verge of bankruptcy." Xu Da said happily.
"It's also a revenge for me." Zhang Yini's tone is out.
"You think that's the end of it?" Lin Bufan shook his wine glass and smiled mysteriously, "There is still one last step left." “
"One more step?" Xu Da and Zhang Yini wondered.
"Well, this time we sold Tengfei shares, plus the 2 million in Blue Mountain Villa, let alone a loss of 10 million, this money has to be taken back from Xie Tengfei." Lin Bufan said with a smile.
"How?" Xu Da asked.
"Tomorrow you and I will go to the hot summer bank."
Tengfei Group's real estate development in Guishan has a total investment of 3 billion, and the 3 billion is borrowed from Yanxia Bank. For example, if a company has a market value of 1 million, ask the bank to borrow 500,000 to buy a house, when the market value of the company is less than 500,000. The bank can directly confiscate the house according to the contract.
The contract signed between Tengfei Group and Yanxia Bank clearly states that if the market value of Tengfei Group drops from 10 billion to 5 billion, Yanxia Bank can directly confiscate Tengfei Group's land in Guishan and all the properties built on the land.
The stock market opens for 20 minutes the next day. Tengfei Group's stock price fell to 5 yuan and was directly suspended.
Lin Bufan, Xu Da, and Zhang Yini came to Yanxia Bank.
Here, Xie Tengfei also hurried to Yanxia Bank, and for today's plan, he had to use all his shares as collateral. Hold on to the real estate of the mountain.
It depends on whether Gong Tianhe of Yanxia Bank is willing to help Xie Tengfei.
When he arrived at Yanxia Bank, Xie Tengfei had just arrived at the president's floor on the top floor when he saw Zhang Yini and Xu Dalin walking out of the president's office with a smile on their faces.
Xie Tengfei had a bad premonition.
Lin Bufan had long expected Xie Tengfei to come.
Zhang Yi walked up to Xie Tengfei with a smile and said, "Xie Dong, you're late, the real estate in Guishan already belongs to our Shengshi Company." “
After the suspension of Tengfei stocks, Gong Tianhe passed the property rights of Guishan to Shengshi Company, that is to say, Shengshi Company was burdened with a debt of 3 billion, but it did not spend a penny to get the development property rights of Guishan, as long as the house in Guishan was built and sold, the debt of 3 billion was not a problem.
Lin Bufan roughly calculated that Guishan's real estate can make a profit of at least 5 billion, which is a figure obtained after deducting 3 billion debts and annual bank interest.
As soon as Xie Tengfei heard this, he knew that Gong Tianhe had given up on himself.
Immediately, his eyes went black, his chest rose and fell, and a mouthful of dirty blood spurted out, and the person fell down directly......