Chapter 170 170 Successfully picked the final fruit. Chen Tianqing was a caring good guy who also helped with a loan of 500 million Hong Kong dollars before leaving!

  At this moment, the executive directors are very excited,

  "BOSS, if Chen Tianqing has no money, then Asia Financial Holdings will be the meat on the cutting board!"

  "BOSS, we can swallow it anytime!"

  They and these executive directors naturally hope that the bigger and bigger the black shirt insurance company,

  That means the higher their income, the greater their power, and the more resources they can control.

  Wang Guanxi nodded.

At this time, Zhang Dexi said: "Chen Tianqing had to cry this time. I heard that they used the company's capital flow and invested the funds in an offshore fund, which caused a huge loss to the Asian Financial Holding Company. We are waiting to acquire them. ."

  And Wu Zhankun also said: "Should we go to expose them?"

  In fact, Chen Tianqing and Chu Jianming’s actions were a major violation of the regulations. They actually invested the company's cash in an offshore fund that they privately controlled, and then used it to buy the company's stock!

   800 million Hong Kong dollars, which is huge enough for Chen Tianqing to be prosecuted.

  Wang Guanxi thought for a while and said: “It’s not used for the time being, that is, it will take a few days, but it is all approved by the shareholders of Asia Financial Holdings. Even if we win, there is no need to put people to death.”

   Wu Zhankun smiled and said: "That's right, so the black shirt insurance company will make a lot of money."

  CEO Huang Shaokai was very excited after confirming this profit: "BOSS, we won a big win this time and made 75%."

   "Well, this time I did a good job" Wang Guanxi was also very happy.

  In this battle, the Black Shirt Insurance Company won 600 million Hong Kong dollars, and after repaying the 200 million Hong Kong dollars loan to Wing Hang Bank, there is still 1.2 billion cash flow.

  This cash flow is very abundant.

  The balance sheet is very good.

  Black shirt insurance has total assets of 4.3 billion Hong Kong dollars, liability reserves of 2 billion Hong Kong dollars, financial assets of 1.1 billion Hong Kong dollars, and current cash of 1.2 billion.

  Total liabilities are HK$3.7 billion.

  Net assets of 600 million Hong Kong dollars.

  With 1.2 billion in cash, it’s time to acquire Asia Financial Holdings.

  After closing the position, the Black Shirt Insurance Company also returned 200 million shares to Convoy Global Insurance Company, and also paid Convoy Global Company 500,000 Hong Kong dollars in interest.

Convoy Global Insurance Company lent 200 million shares to Black Shirt Insurance Company at the position of 5 yuan per share, which was worth 1 billion Hong Kong dollars at the time. The final stock price fell to 1.00. The current value is 200 million Hong Kong dollars and lost 800 million Hong Kong dollars. If they continue to fall, their stocks will shrink.

  Thinking of this, Wang Guanxi said: “Mr. Huang, call Chu Jianming, chairman of Convoy Global Insurance, and say that we want to buy the 200 million shares of Asian Financial Holding Company in their hands.”

  The current situation of Convoy Global Insurance Company is estimated to be worse than that of Asian Financial Holding Company, and it is also extremely short of cash. Now is the time to give him an olive branch.

  "Yes, BOSS" Huang Shaokai immediately called Chu Jianming.

  The call was quickly connected, and Huang Shao said, "Brother Chu, I want to talk to you"

"Brother Chu?" On the phone, Chu Jianming was stunned. This Huang Shaokai was not a real thing. When I asked him to borrow stocks, I called him Mr. Chu and then Mr. Chu. Then when he called to negotiate with them, Huang Shaokai Calling him Chu Jianming again, he is not at all polite.

  Now it’s Brother Chu?

  Chu Jianming's goose bumps are all up.

  This Huang Shaokai is really shameless!

  Now call him Brother Chu, which makes him scared.

What can be good about   ?

   must be a bad thing.

  So Chu Jianming asked: "Mr. Huang, just tell me if you have anything to do, don’t be circumstantial."

  "Okay" Huang Shaokai said straightforwardly: "Brother Chu, our Black Shirt Insurance Company intends to acquire the 200 million shares of the Asian Financial Holding Company in your hands!"

  Since you want to acquire Asia Financial Holdings, you must first acquire the 200 million shares of Convoy Global Insurance Company!

  "Acquisition of our shares in Asian Financial Holdings?" Chu Jianming was stunned. This black shirt insurance company must want to annex Asian Financial Holdings.

  Now the share price of Asian Financial Holding Company closed at 1.00 today, and fell to the lowest position at 0.5.

  Now their 200 million shares are worth 200 million Hong Kong dollars, but when the stock price is at 0.5, it is worth 100 million Hong Kong dollars.

   "Yes, Brother Chu, we plan to buy the shares in your hands. Are you interested in selling it?" Huang Shaokai asked.

  Chu Jianming asked, "What price?"

  Now his Convoy Global Insurance has suffered a terrible loss. The bankruptcy of the Bank of California, the First National Bank of Nevada, and the First Heritage Bank of California has caused Convoy Global Insurance to lose nearly US$600 million, which amounts to HK$4.65 billion.

  In addition to the Asian Financial Holdings, a loss of 800 million Hong Kong dollars.

  Recently, it lost HK$5.45 billion.

   is all caused by asset shrinkage.

  Now the company is very short of cash.

  Huang Shao said with a smile: "The price of 0.8 yuan per share"

  Now Convoy Global Insurance Company’s loss is also very large, he will take this opportunity to slaughter it severely

  "No way" Chu Jianming denied: "Too low"

  0.8 yuan per share, 200 million shares, and finally get back 160 million Hong Kong dollars?

   is too low, he cannot accept such a price.

  Huang Shaokai opened his mouth and said: "Brother Chu, this is the highest price. In the future, the share price of Asia Financial Holding Company will still fall into shit. It is worthless. If you don't sell it, it will be really not worth that much money by then."

   "Brother Chu, you have to think clearly."

When Chu Jianming heard this, he was stunned. Although Huang Shaokai made sense and was right, your black shirt insurance company just wanted to acquire the Asian Financial Holding Company. You must buy a lot of stocks in the market. The stock price must have risen sharply, 0.8 yuan. The price is like buying 200 million shares of him, which is simply impossible.

  With this bite-by-bite Brother Chu, he is simply slaughtering him as a pig!

   So he said, "I want to talk to Wang Guanxi in person!"

  "OK" So Huang Shaoka gave the phone to Wang Guanxi and said: "BOSS, Chu Jianming will talk to you in person"

  This Chu Jianming was not deceived by him, so he had to give up.

  Wang Guanxi took the phone and said lightly: "Mr. Chu, this is Wang Guanxi, the price is 0.85 yuan per share."

  "1.2 yuan per share" Chu Jianming said: "1.2 yuan per share, I can sell to you immediately"

Wang Guanxi said: "Old Chu, this stock price will definitely continue to fall in the future. We will buy the stock at a lower position at that time. If you don't sell it, we will go to Chen Tianqing and let him sell it. Then your stock will be sold. No one will buy it. Once we have acquired a sufficient number of stocks, and their low prices, we will announce the delisting. Who else can you sell your stocks to?"

  "We have absorbed enough stocks, it is only a matter of time"

Chu Jianming was immediately frightened. Now the shares of this Asian financial holding company may have fallen even lower. When the time comes, the black shirt insurance company will buy the shares from Chen Tianqing, and then absorb some from the market. If the quantity is enough, What will happen to his stock after delisting?

   "Mr. Wang, what price do you say?"

   "0.9 yuan per share" Wang Guanxi said: "This price is the highest, and the stock price of other financial institutions is 0.5 yuan."

   "No, 1 yuan per share" Chu Jianming said very firmly: "Just hold the closing price today!"

  Wang Guanxi thought for a while, was silent for a few seconds, and said: "Okay, deal."

  Next, Huang Shaokai took Liu Zhonglun, the barrister of the Black Shirt Legal Company, to Convoy Insurance Company, and then bought the 200 million shares of Asian Financial Holding Company held by Convoy Global Insurance Company at the market price.

  At this moment, the Black Shirt Insurance Company has become the second largest shareholder of Asia Financial Holdings.

   spent 200 million Hong Kong dollars, and the black shirt insurance company still has 1 billion Hong Kong dollars in cash flow.

  Huang Shaokai also brought a piece of news, from Chu Jianming's mouth, Chen Tianqing went to the Shenzhen market in the Mainland.

  Wang Guanxi asked, "The news is true?"

  Huang Shao nodded: "Well, it is true, it was said by Chu Jianming himself."

  Wang Guanxi was happy immediately, and immediately said: “Continue to release news that Asia Financial Holdings is going to close down, and say that Chen Tianqing ran away and went to the Shenzhen market in the Mainland!”

  Chen Tianqing went to the Shenzhen market to find a loan, so I said that you ran away and the stock price continued to fall sharply.

  "Yes, BOSS" Huang Shaokai went to do it immediately, spending money to continue to let the media report.

   Soon a message appeared.

   [Chen Tianqing, chairman of Asia Financial Holdings, has disappeared. The insider broke the news that he might have gone to the Shenzhen market in the Mainland to avoid judicial charges! 】

  This rumored message is really amazing.

  The number of views is super high!

  This really scared retail investors and investors.

  The real situation is that Chen Tianqing went to the China Merchants Bank to apply for a loan.

  And Chen Tianqing was in a hotel in Shenzhen, when he saw this news, he cursed immediately!

   "Wang Ba Lao Zi!"

  "A bunch of **** dogs from the paparazzi!"

   "I'm here to get a loan, not a runaway!"

  Chen Tianqing was like **** in his mouth, very disgusting.

  This bunch of bastards, it's simply **** to the extreme, spreading rumors that he ran away, the stock price will continue to plummet!

  At this time, his classmate, Si Xiuming, called. He quickly connected and asked: "Old Si, how is the situation?"

  Si Xiuming said: "I have no problem here. When my boss comes back, you can talk to him personally."

   "OK, no problem" Chen Tianqing was very excited and excited.

  Now the company’s cash flow is exhausted, the liability reserve is very small, and the solvency rate is low. The China Securities Regulatory Commission may allow other insurance companies to acquire Asia Financial Holding Company at any time, so he must obtain loans quickly and as soon as possible to save his company.

  Thinking about it, he called Yin Feihong, the barrister of the company, and asked Yin Feihong to clarify the rumors that he was running away.

   and sued the black shirt insurance company for compensation.

Yin Feihong immediately followed suit, and then Asian Financial Holdings Corporation clarified the remote statement, accusing the black shirt insurance company of maliciously walking false rumors, and causing huge reputation loss to the company’s chairman Mr. Chen Tianqing. He will sue for compensation of 15 million Hong Kong dollars, plus A lawsuit.

  It’s okay if this is not clarified. Everyone thinks this clarification is true, and Chen Tianqing, the chairman of the Asian Financial Holding Corporation, is indeed not in Hong Kong.

  There are really paparazzi who photographed Chen Tianqing rushing to the Shenzhen market in the mainland. The probability is that he ran away. It is like avoiding judicial charges of fraudulent property!

This is just great.

  The next day on August 12, the share price of Asian Financial Holdings Corporation continued to plummet, plummeting from the 1.00 position to the 0.4 position.

  Because of the black shirt insurance company's rumors, Asian Financial Holdings Company suffered huge losses again, and sued for compensation of 50 million Hong Kong dollars.

  This is the third lawsuit.

  And the lawyer team of the Black Shirt Legal Company will deal with it easily.

  The stock price did not fall at 0.4, and the black shirt insurance company took a shot and bought a lot.

  After the stock price rushes to the 1.6 position, stop buying.

  But retail investors continue to sell, some small institutions are also selling, the stock price still plummets!

   Continue to absorb on August 13.

  In the past two days, Black Shirt Insurance has absorbed 300 million shares in the market, and the average absorption position is around 1.00, spending 300 million Hong Kong dollars.

   holds 500 million shares, occupying 50% of the shares of Asian Financial Holding Corporation.

  Wang Guanxi also told the black shirt insurance company to stop absorbing stocks.

  Currently, the black shirt insurance company has a cash flow of 700 million Hong Kong dollars.

  Today is Wednesday. The morning session ended. After the afternoon session started, the share price of Asian Financial Holdings Company fell again because the black shirt insurance company did not continue to absorb it. It fell all the way to the close, and the closing position was 0.50 yuan per share.

  At this time, Chen Tianqing in Shenzhen received a loan of 500 million Hong Kong dollars and hurriedly returned to Hong Kong.

  But what awaits him is the general meeting of shareholders of Asia Financial Holdings.

  A total of 6 executive directors of the Black Shirt Insurance Company came here. Wu Zhankun, Zhang Youde, Huang Shaokai, Mu Honglie, Chen Xuezhen, and Wei Wei Chengdu appeared in the meeting room.

  Chen Tianqing was dumbfounded and didn't know.

  Wu Zhankun looked at Chen Tianqing with a smile, and said enthusiastically: "Old Chen, you are finally back, just in time, let’s hold a general meeting of shareholders together."

  "Everyone welcomes the chairman back"

   Wu Zhankun, Zhang Youde, Huang Shaokai, Mu Honglie, Chen Xuezhen, and Wei Weicheng were the first to applaud. Then other directors also applauded, and barrister Yin Feihong also applauded.

   Chen Tianqing asked: "What the **** is going on?"

   "Wu Zhankun, why are you here?"

  Wu Zhankun smiled and said, "Old Chen, of course, I am holding a shareholders meeting with you. I thought you would not attend. I didn’t expect you to come back just in time, so let’s start."

   "Okay, I'll see what tricks you guys play" Chen Tianqing sat down in his seat.

   Wu Zhankun announced: “Because the company is not doing well, it plans to sell the company to the black shirt insurance company at a market price of 0.5 yuan per share. Do you have any questions?”

  "You can talk"

  Chen Tianqing's face changed suddenly!

  He just helped the Asian Financial Holdings Corporation to get back 500 million Hong Kong dollars from China Merchants Bank in order to save the company, but now he has to be acquired by Black Shirt Insurance.

  He was the first to disagree!

   "I disagree, I disagree!"

   "Now the company has 500 million Hong Kong dollars in funds, I just got a loan from China Merchants Bank, which can save the company"

  He worked so hard to beg his grandpa to tell his grandmother to obtain a 500 million Hong Kong dollar loan for the Asian Financial Holdings Company. The Hong Kong branch of China Merchants Bank has already issued the loan.

  Are you going out now? ? ?

  Wu Zhankun smiled slightly, as if he didn’t care about Chen Tianqing’s attitude, and said to everyone in the conference room: "The chairman opposes, is there anyone else?"

"I agree!"

"I agree"

  "I am opposed to the chairman's objection"

  ··

  Zhang Youde, Huang Shaokai, Mu Honglie, Chen Xuezhen, Wei Weicheng, etc. all raised their hands in favor.

  Black Shirt Insurance Company holds 50% of the shares of Asia Financial Holdings, divided into 6 points, and authorized to assign six executive directors to participate in the shareholders meeting of Asia Financial Holdings.

   Several other people on the scene held very small shares, and they all agreed to raise their hands.

  And Chen Tianqing only holds 25% of the shares, so it's useless to object.

  He discovered that Convoy Global had sold its shares to Black Shirt Insurance Company, and Hei Shirt Insurance Company bought 300 million shares in the market, holding 50% of the shares. He is now the second largest shareholder.

  But he can refuse to sell the stock to the black shirt insurance company.

  The compulsory acquisition by the black shirt insurance company can only purchase the stocks in their hands with the consent of the shareholders. If the shareholders do not agree to sell to the black shirt insurance company, the black shirt insurance company cannot buy it.

   "I won't sell it. You can buy whatever you want. I will definitely not sell it!"

  Chen Tianqing began to play rogue.

   Wu Zhankun saw Chen Tianqing’s stubbornness and persuaded him: “Old Chen, you just accept your fate, if you sell or not, it’s useless, you won’t be the chairman of the company soon.

   Chen Tianqing was unwilling to reconcile: "This is Lao Tzu's company, a company founded by Lao Tzu!!!"

  "A company founded by Lao Tzu, you can't do that!"

   "Old Chen, you still have to pay it back when you come out. I suggest you continue to serve as executive director." Wu Zhankun shook his head: "Next, I propose to remove Chen Tianqing, chairman of the board!"

"I agree!"

"I agree"

  ··

   "Okay, more than 50%!"

   "Old Chen, accept your fate" Wu Zhankun said again: "Is it that difficult to accept fate?"

  "We will delist the company, and then never pay dividends. If you hold these stocks, it's useless."

  Chen Tianqing said: "I want to talk to Wang Guanxi in person!"

  At this time, Wang Guanxi walked in and said with a smile: "Old Chen, oops, you are finally back, let's talk, what price do you want?"

  The reason why Chen Tianqing did not sell is naturally that he disliked the low price.

  Wang Guanxi does not believe that this guy does not sell. If he does not sell, he will be delisted. He will be delisted forever. If he wants to sell, he can’t find anyone to buy. Then he will never pay dividends. Find a place to cry.

  Chen Tianqing said: "1.5 yuan per share, a 200% premium will do."

  Wang Guanxi felt that Chen Tianqing was crazy, and shook his head: "Old Chen, don't speak loudly, it's useless, the stock price will continue to fall."

  "Sell it, I will give you a price of 0.7 yuan per share"

  Chen Tianqing continued to veto: "No, 1.2 yuan per share."

  1.2 yuan per share, he felt very suitable, because the stock price in the first two days was higher than 1.2 yuan per share, obviously the black shirt insurance company bought shares in the market.

  Wang Guanxi said lightly: "The purchase price of 0.8 yuan per share"

  "1.2 yuan per share" Chen Tianqing was very determined, and bit the price of 1.2 yuan per share.

  Wang Guanxi said: "The highest is 0.9 yuan per share, Lao Chen, if you don’t sell it, I’ll go to dinner."

   Said that Wang Guanxi was about to leave.

   "Okay, then 0.9 yuan per share" Chen Tianqing said, "You will give it to me right away"

"Row!"

   Then everyone drew up an equity contract, and the Black Shirt Insurance Company bought 250 million shares in Chen Tianqing's hand at a price of 0.9 yuan per share.

  Spend 225 million Hong Kong dollars.

  After the transaction was completed, Chen Tianqing left without saying a word.

  At this moment, the black shirt insurance company holds up to 750 million shares, accounting for 75% of the shares.

   Then, the Black Shirt Insurance Company announced that it would privatize the Asian Financial Holding Company at a price of 0.9 yuan per share.

  On the second day, the share price of Asian Financial Holding Company went from 0.5 yuan per share to 0.9 yuan per share.

  Many retail investors have sold stocks.

  On the third day, Asian Financial Holdings Corporation announced its delisting.

  The remaining 250 million shares of the privatization cost another 225 million Hong Kong dollars. This time the acquisition of the Asian Financial Holding Corporation cost a total of 950 million Hong Kong dollars.

  The cash flow of the black shirt insurance company has 250 million Hong Kong dollars left.

  The main business of Asia Financial Holdings is insurance. The insurance business is to provide general and life insurance. General insurance includes property damage, shipping, freight, pecuniary loss, accident and health, general liability, employee compensation and auto insurance.

  Now this insurance company has become Wang Guanxi’s.

  Open the balance sheet.

  Asia Financial Holdings, with total liabilities of 5.5 billion Hong Kong dollars, of which 500 million Hong Kong dollars in loans from China Merchants Bank.

  Total assets are 5.7 billion, of which cash flow is 500 million, liability reserves are 2.35 billion, and financial assets are 2.85 billion.

  The net assets were 200 million. Originally, the net assets were negative, but the stocks held by them suddenly rose sharply in the past two days, so they became positive.

  Also, Asia Financial Holdings has no cash flow, but Chen Tianqing borrowed 500 million Hong Kong dollars from China Merchants Bank, which is really cheap for the black shirt insurance company.

  Working in vain, taking a loan, it turned out to be cheaper for others.

  This Chen Tianqing is really thoughtful. Before selling the stock, he also loaned 500 million Hong Kong dollars to the Asian Financial Holding Company, which alleviated the company's insufficient cash flow problem.

  Wang Guanxi didn’t know how to thank Chen Tianqing. He called him and found that it was turned off.

  At present, Hong Kong Black Shirt Insurance has total liabilities of 3.7 billion and total assets of 4.3 billion, including 250 million in cash, financial assets of 1.1 billion, and liability reserves of 2 billion. It holds 100% equity of Asia Insurance Finance, valued at 950 million.

  Net assets of 600 million yuan.

   Then Wang Guanxi let Hong Kong Black Shirt Insurance Company merge with Asia Financial Holding Company.

  The two companies merged, with a total debt of 9.2 billion, of which 500 million was a loan from China Merchants Bank.

  The cash flow is 750 million, the financial assets are 3.95 billion, the liability reserve is 4.35 billion, and the total assets become 9.05 billion Hong Kong dollars.

  The net debt on the book is negative 150 million Hong Kong dollars.

  Why the net assets of the two insurance companies after the merger is negative 150 million Hong Kong dollars?

  Because the original net assets of the two companies were as high as 800 million Hong Kong dollars, but they paid 950 million Hong Kong dollars out. This 950 million Hong Kong dollars is the money for the acquisition of the Asian Financial Holding Company, which was paid to those shareholders.

  So the net assets became negative 150 million.

The current cash flow is still 750 million. Increase the liability reserve to prevent the Securities Regulatory Commission from making trouble. Continue to increase the liability deposit, and put 150 million Hong Kong dollars into the liability reserve. In this way, the liability reserve is 4.5 billion and the current cash is 600 million. , Financial assets of 3.95 billion.

  Although the total liabilities are now 9.2 billion and the total assets are only 9.05 billion, if the 3.95 billion financial assets increase in value, then the total assets will increase and the net assets of the black shirt insurance company will become a positive number.

  "I have to take a good look at the specific conditions of these 39.5 financial assets, and then decide which assets should be sold and those assets should be kept"

   "You need to cash out a lot of cash as soon as possible, but you can't delay it!"

  (End of this chapter)