strictlysupreme Chapter 373 Expenditure
Chapter 373 Expenditure
The following day, it was published on the front page of the Financial Daily.
"Hehong Real Estate sold the Yuantai Residential Building to De'an Securities for 1.2 million yuan!"
The market is in an uproar.
Even more surprisingly, three days later, Dean Securities resold the building to Zhaoan Real Estate, with part of the payment made in the form of new shares.
12 million yuan real estate stock price rose in response, soaring from 3 yuan to 3.8 yuan.
Following Jiang Tiansheng's instructions, Bai Jinyan sold 10% of his shares at 3.8 yuan, raising 1800 million yuan.
"President Jiang, that was a brilliant move."
Bai Jinyan smiled.
"The market is now speculating about our next move."
Jiang Tiansheng smiled faintly.
"Let them guess."
A week later, Zhaoan Real Estate completed the transaction of the Yuantai Residential Building, with Dean Securities becoming the largest shareholder and Hehong Real Estate becoming the second largest.
Since both companies are actually controlled by Jiang Tiansheng, the market did not experience drastic fluctuations.
However, Zhaoan Real Estate's financial data is quite intriguing.
With assets exceeding 5 million yuan, liabilities of nearly 3 million yuan, and a debt of 1.09 million yuan owed to De'an Securities, the company has net assets of over 2 million yuan, but a market capitalization of only 1.78 million yuan.
"Mr. Jiang, did we deliberately lower the market value?"
Bai Jinyan flipped through the reports and asked.
Jiang Tiansheng nodded.
"The lower the market capitalization, the greater the room for subsequent operations."
Soon after, Dean Securities announced that it would subscribe to new shares of Zhaoan Real Estate at 3 yuan per share, intending to boost the stock price.
The news sparked polarized market reactions.
Economic experts are criticizing it.
"Jiang Tiansheng manipulated stock prices and disrupted the market!"
Retail investors, however, followed suit frantically.
"Zhaoan Asset Management is of high quality; its stock price is bound to rise!"
Three days later, Zhaoan Real Estate announced its rights issue plan.
The rights issue will offer 1 new share for every 2 existing shares held, raising 9000 million yuan, which will be used to pay the remaining balance and acquire the commercial building.
The plan was successfully completed because Jiang Tiansheng's private company underwrote most of the rights issue.
However, Zhaoan Real Estate still owes Dean Securities 4808.8 million yuan in outstanding payments.
"President Jiang, with this move, the market is completely at our mercy."
Bai Jinyan smiled.
Jiang Tiansheng's gaze was deep.
"It's not over yet."
The following day, in the conference room of Wanguobaotong Finance Company, Liang Botao had a solemn expression.
"Mr. Jiang, Hehong Real Estate has acquired a 41% stake in Hexiang Trading, becoming its largest shareholder. However, Gong Guoyan has threatened to report the matter to the China Securities Regulatory Commission and demand the cancellation of Hexiang's listing status."
Jiang Tiansheng was puzzled.
"Is he planning a fight to the death?"
Liang Botao nodded.
“Gong Guoyan still holds 15% of the shares, and with the support of retail investors, he can indeed cause trouble.”
"Two choices."
Jiang Tiansheng said coldly.
"Either reduce holdings or cancel the listing status directly."
Liang Botao shook his head.
“Reducing our shareholding will affect our control, and canceling the listing will turn Hexiang into a private company, greatly reducing our financing capabilities.”
Jiang Tiansheng was silent for a moment, then suddenly spoke.
"Then launch a full takeover."
Liang Botao was taken aback.
"The current market price is 2.2 yuan, and the cost of a full acquisition is too high."
"You don't necessarily have to buy them all."
Jiang Tiansheng had sharp eyes.
"Acquire another 30 shares to ensure absolute control and leave Gong Guoyan speechless."
"But Gong Guoyan will not give up easily."
Jiang Tiansheng sneered.
"Then let him see who the real bookmaker is."
The following morning, at the China Securities Regulatory Commission building.
"Mr. Jiang's meaning is very clear."
A middle-aged man in a sharp suit pushed the documents in front of Gong Guoyan.
"Hexiang Trading's listing status will be cancelled, and both of you must reduce your shareholding to below 35%."
Gong Guoyan's face was ashen, and his fingers unconsciously tapped the table.
"This is a blatant threat."
"These are the market rules."
The middle-aged man had no expression.
"Mr. Liang has replied and agreed to cancel the listing, and..."
He paused.
"The acquisition has not stopped."
At the same time, in the general manager's office of Hexiang Trading.
Gong Guoyan slammed the document onto the table, and the expensive ceramic cup shattered with a crash.
That old fox, Jiang Tiansheng!
He loosened his tie, and veins bulged on his forehead.
The secretary stood nervously at the door, not daring to approach.
Gong Guoyan picked up the phone and then put it down again.
"husband."
A soft, charming voice came from the doorway.
Li Qiqi walked in wearing 10cm Jimmy Choo high heels, filling the room with the scent of Chanel No. 5.
She was in her early thirties, wearing a form-fitting Dior dress that accentuated her perfect curves, and her lips were as red as blood.
"How did you come?"
Gong Guoyan sounded irritated.
Li Qiqi gestured for her secretary to leave, and after closing the door, the smile on her face disappeared.
"Everyone in the company knows that the stock price has fallen to 1.8 yuan."
Gong Guoyan slumped onto the leather sofa, his hands clasped behind his head.
"Jiang Tiansheng wants to swallow Hexiang whole, and the China Securities Regulatory Commission is already on his side."
"It would be better to..."
Li Qiqi sat down next to him, her slender hand resting on his shoulder.
"We're leaving Hexiang and starting from scratch? With your connections and resources..."
"impossible!"
Gong Guoyan suddenly looked up.
"Hexiang is my father's life's work, and I will never give it up to anyone!"
Li Qiqi's eyes showed impatience, but she quickly put on a gentle expression.
"Then... let me talk to the finance company and Jiang Tiansheng first? You can step in after we've reached an agreement, so that both sides can save face."
Gong Guoyan stared at his wife's delicate face, hesitating for a moment.
"you?"
"What, you don't believe me?"
Li Qiqi chuckled, her red lips curving into a confident smile.
"Don't forget, who helped you negotiate the Far East Group acquisition last year?"
Gong Guoyan remained silent for a long time before finally nodding.
"Okay, but don't agree to any conditions. Let's find out what they're up to first."
"rest assured."
Li Qiqi straightened her skirt.
"I know where the bottom line is."
Meanwhile, inside another skyscraper in Central.
Lin Luoqi stood in front of the large screen in the conference room of Bestway Real Estate, pointing to the architectural model projected on the screen.
“King Kee Building is located in the heart of Mong Kok, with a daily foot traffic of over 50. After the acquisition, we will transform it into a mixed-use commercial complex.”
The board members whispered among themselves, and one bald board member questioned.
"Mr. Lin, we just completed financing, and now we're undertaking a large-scale acquisition. Will this affect our cash flow...?"
"Chairman Wang is overthinking it."
Lin Luoqi's eyes were sharp.
“The 4500 million yuan from Zhaoan Real Estate has been secured. After repaying the loan, there will be 3000 million yuan left. With my mother, Ms. Xu Jiawen, providing a guarantee, the bank has approved an additional loan.”
He clicked on the remote control, and the screen switched to a stock price chart.
"Look, since the acquisition news broke, our stock price has risen from 0.3 yuan to 0.4 yuan, and our market value has returned to 1.2 million yuan. This is the market's confidence."
The board members looked at the upward-pointing red line and nodded in agreement. Only the CFO, sitting in the corner, hesitated to speak.
After the meeting, the CFO quietly followed Lin Luoqi.
"President Lin, Yixin Real Estate's asking price is still too high, and there's also the issue of Li Yude's equity transaction with Dehe Real Estate..."
"Li Yude?"
Lin Luoqi sneered.
“That old fox is just trying to raise the price. Tell him either to stick to the price we agreed on last week, or I’ll go and find Changrong Group to cooperate with.”
"But what about Hongpu Real Estate..."
"No buts."
Lin Luoqi interrupted him.
"The business world is like a battlefield; indecisiveness will only lead to missed opportunities."
Go prepare the contract; I need to see it signed within three days.
That afternoon, Wanguobaotong Finance Company.
Liang Botao led a woman into Jiang Tiansheng's office.
"Mr. Jiang, this is Ms. Li Qiqi, the wife of Gong Guoyan, Chairman of the Board of Directors of Hexiang Trading."
Jiang Tiansheng looked up from the document, his gaze lingering on Li Qiqi for a second.
Today she changed into a white Chanel suit, which made her skin look as white as snow, and the diamond earrings on her earlobes sparkled under the lights.
Can Ms. Li fully represent Mr. Gong?
Jiang Tiansheng was straightforward.
Li Qiqi gracefully sat down on the guest chair.
"No, but I'm confident I can convince my husband."
Her voice was languidly hoarse.
Liang Botao tactfully got up (Zhao Lihao).
"I'll go prepare some materials. You guys talk first."
After the door closed, Li Qiqi took a document out of her Hermes bag.
"Mr. Jiang, these are our proposed acquisition terms. Based on the current share price, we are offering a 2% premium."
Jiang Tiansheng did not immediately take the document, but instead scrutinized the woman in front of him.
What position does Ms. Li hold at Hexiang?
"He's just my husband's advisor."
Li Qiqi chuckled, leaned forward, and handed the document to Jiang Tiansheng, her fingertips brushing lightly against the back of his hand.
Jiang Tiansheng took the document and opened it.
The document, consisting of several pages, detailed the financial situation of Hexiang Trading.
The US market accounts for 7% of its business, Europe accounts for 2%, and its net asset value far exceeds its current market capitalization.
"interesting."
Jiang Tiansheng closed the document.
"But Ms. Li should know that Hexiang is about to be delisted."
Relisting requires a significant investment of time and money; a 2% premium is unreasonable.
Li Qiqi took out a lipstick from her bag to touch up her makeup.
"Mr. Jiang, aren't all business deals settled through negotiation?"
She pursed her red lips.
"How about we continue our conversation somewhere else? The French food at the Kowloon Hotel is quite good."
Jiang Tiansheng stared at her intently for a few seconds, then suddenly smiled.
"Great, I'm hungry too."
As the two walked out of the office one after the other, Liang Botao returned.
He looked at his watch.
"Mr. Jiang, there's a video conference with Mr. Lin in half an hour..."
"put off."
Jiang Tiansheng said without turning his head.
Inside the elevator, Li Qiqi stood beside Jiang Tiansheng, a faint scent of perfume lingering in the small space.
Does President Jiang usually enjoy French cuisine?
She asked.
"I prefer Chinese food."
Jiang Tiansheng watched as the elevator numbers kept changing.
"But it's nice to change things up once in a while."
Li Qiqi chuckled softly.
"Life is too short to try different things... flavors."
The view from the floor-to-ceiling windows of the Presidential Suite at the Kowloon Hotel.
Li Qiqi was wearing a bathrobe with the belt loosely tied, revealing her collarbone and long legs.
She held a glass of red wine, leaning against the window, the hem of her bathrobe parting as she moved.
"Does General Manager Jiang suspect that my husband and I set this up to trap us?"
Li Qiqi took a sip of red wine, her red lips leaving an ambiguous mark on the rim of the glass.
Jiang Tiansheng unbuttoned his suit jacket, scrutinizing her with sharp eyes.
"Men are most afraid of being cuckolded, and Gong Guoyan also has his pride."
Li Qiqi chuckled and walked barefoot onto the soft carpet toward him.
"If he knew, he would probably be so angry that he would have a stroke."
She placed the wine glass on the bedside table, and her bathrobe slipped off her shoulders with the movement.
"But tonight, only you and I know."
Jiang Tiansheng grabbed her wrist.
"Your husband doesn't know you're here?"
“He knew I was negotiating.”
Li Qiqi moved closer, the scent of perfume mixed with the aroma of wine lingering between them.