"Mr. Jin, the poison pill plan is too damaging to the interests of shareholders, and I estimate that it is impossible for the board of directors to agree to let you start this plan."

The henchman said with some concern.

"If they don't agree, they have to agree, and now the company still has the final say!"

Jin Feng said sharply.

Of course, he knew the negative impact of the poison pill plan, and if it had been placed in the past, he would definitely not do such a thing that would hurt the enemy by one thousand and damage eight hundred.

But now that the company has reached the point of life and death, he can't care about so much.

After hearing Jin Feng's words, his henchmen did not say more, and immediately sent the news of the board meeting to the directors.

At the same time, Qin Xiaolong made an appointment to meet with Zhao Wu, the president of Lincheng Bank, and told the other party that he wanted to take out a loan to acquire Jinrui Group.

"Mr. Qin, you haven't repaid the billion US dollars you took out the last loan, and now you want to borrow 2 billion US dollars, I am really under a lot of pressure."

Zhao Wu said with an embarrassed face.

"What, is Governor Zhao afraid that I won't be able to pay it back?"

Qin Xiaolong asked with a smile.

"Frankly speaking, I do have this worry, your wholly-owned acquisition of Jinrui Group is really a bit crazy, we have never had such a big merger and acquisition in the entire history of Lincheng."

Zhao Wu replied bluntly.

Jinrui Group has a market value of more than 30 billion, if Qin Xiaolong has a principal of one or two hundred billion, then it is easy to borrow one or two billion with leverage.

But he himself said that all the funds needed for this acquisition were borrowed from banks and financial institutions, and the one-time loan was more than 30 billion, which was too huge, and if something went wrong, he couldn't afford the consequences.

"President Zhao, although you put your heart in your stomach, my loan is secured by the shares of the beauty, and you should also know how profitable the beauty is, and I promise that I will be able to repay the money with interest in less than a year."

"Take 10,000 steps back, even if I really can't pay back the money in the future, your bank can still take away the shares of Beauty, and you will definitely not suffer a loss."

Qin Xiaolong continued.

"I know that beauty's ability to attract money is terrifying, but this matter is still too risky, you have to find a guarantor with enough weight, otherwise this loan may be difficult to approve."

Zhao Wu said very clearly.

In fact, what he was really worried about was that Qin Xiaolong cheated on loans under the guise of acquisition, and then ran away with money, and when the time came, leaving another shell company would be of no value to them at all.

Although the probability of this happening is very low, it does not mean that it does not happen, so he must take precautions.

It's not just about being responsible for the bank, it's about himself.

Otherwise, if something really happens, his career will be completely ruined, and he may even be imprisoned.

"That's it, I'll be Xiaolong's guarantor, and I'm willing to bear joint and several liability."

At this moment, Xu Yunteng on the side took the initiative to take the identity of the guarantor.

He knew very well that Qin Xiaolong was a real dragon among people, maybe he couldn't get 30 billion now, but in the future, it would definitely be a drop in the bucket for him.

Therefore, he was happy to be this guarantor to further strengthen his relationship with Qin Xiaolong.

"If you have Mr. Xu as a guarantor, then there will be no problem."

Hearing Xu Yunteng's words, Zhao Wu's face immediately showed a relieved smile.

Next, the two parties initialed the loan agreement.

According to the agreement, Xu Yunteng will use the company's shares he holds to Qin Xiaolong as a guarantor, and if Qin Xiaolong cannot repay the loan within the specified time, Xu Yunteng will use his property to repay all debts for Qin Xiaolong.

Of course, Qin Xiaolong could only borrow two billion US dollars from Lincheng Bank, and he had to raise the rest of the funds from other places.

But it wasn't that hard for him.

He had already informed Jiang Xinjun and asked him to help him contact the financial institution, but Jiang Xinjun had not replied to him for the time being.

"Mr. Xu, thank you for helping me as a guarantor, it's really troublesome for you."

After leaving the bank, Qin Xiaolong hurriedly thanked Xu Yunteng.

"Thank you, it's just a gesture."

Xu Yunteng replied nonchalantly.

He knew very well that helping Qin Xiaolong now was tantamount to sending charcoal in the snow, so that Qin Xiaolong could better remember his favor.

Otherwise, when Qin Xiaolong ascended to the Nine Heavens in the future, he would have no chance even if he wanted to put the icing on the cake.

"Let's go, Mr. Xu, I'll invite you to dinner, let's have a few drinks today."

After keeping Xu Yunteng's kindness in his heart, Qin Xiaolong planned to take him back to the Dragon Pavilion Hotel.

As a result, before the two of them had taken a few steps, Xu Yunteng's mobile phone rang.

After answering the phone, a serious look immediately appeared on Xu Yunteng's face.

"What's wrong, Mr. Xu?"

Qin Xiaolong hurriedly asked.

"In order to prevent being acquired by you, that guy from Jin Feng just announced at the board meeting that he was going to start the poison pill plan."

Xu Yunteng quickly replied.

"Poison Pill Project? What is this? ”

Qin Xiaolong has only been in business for a short time, and it is the first time he has heard this term.

"The so-called poison pill plan, also known as the equity dilution anti-takeover measure, is a defensive measure for the target company to resist a hostile takeover."

"To put it simply, it is a way to issue a large number of new shares at a low price, so that the acquirer can increase the acquisition cost and force it to abandon the acquisition."

"Just now my people told me that Jinfeng announced that it would double the number of new shares, so if you want to buy the entire Jinrui Group, it is conservatively estimated that you will have to pay an extra 10 or 20 billion."

"However, he issued too many new shares at one time, and the interests of the major shareholders were seriously damaged, and all the directors of the board of directors expressed their opposition, but Jin Feng still insisted on starting this plan."

"In addition, Jin Feng also asked the company's middle-level and above managers to sign a concerted action person agreement, if the company is acquired by you, they will resign en masse."

Xu Yunteng immediately told Qin Xiaolong the news he had just gotten.

As the name suggests, the poison pill plan is "poisonous", and once implemented, the shareholding ratio of shareholders will be diluted, and the principle of equity equality will be broken, resulting in serious damage to shareholders' rights and interests.

Take Xu Yunteng as an example, he originally held 5% of Jinrui Group's shares, but once the new shares were doubled, his shareholding ratio suddenly became 2.5%.

The most important thing is that after the issuance of new shares, the company's stock price will also fall, and his original shares worth 2 billion may not even be worth 1.5 billion after the additional issuance.

It is precisely because of this that the directors, who represent the interests of the major shareholders, unanimously oppose it.

However, the implementation of the poison pill plan can be carried out without the approval of the board of directors, and even if those directors almost didn't fight with Jin Feng, they still can't stop him.