Rebirth of the Financial Crisis Sweeping the World

Chapter 172: 172 Directly smash 350 million to win!

After thinking for a while, Wang Guanxi continued: "On Friday, we will sell CNOOC, Sinopec, and PetroChina, and keep Penguin Group and BYD Auto first."

"Yes, BOSS." Huang Shaokai hastily went to do it.

CNOOC, Sinopec, and PetroChina are all stocks with good value, and they can often pay dividends, but if the BOSS says to sell them, then sell them.

After Huang Shaokai left, Wang Guanxi leaned on the sofa and drank tea.

Now that Blackshirt Insurance has 10% cash flow, it can continue to grow through acquisitions.

When the time comes to mobilize funds to short US listed companies, such as before the financial crisis, short Lehman Brothers, which will go bankrupt in the future, and American International Group (AIG), which almost went bankrupt.

What about giant financial institutions?

So what about trillions of dollars in assets?

Just bite off a piece of flesh from you.

Then a piece of news came out.

[Convoy Global Insurance Co., Ltd. will face the review of the China Securities Regulatory Commission or be forced to be acquired due to a huge loss of 7 billion]

[Convoy Global Insurance Co., Ltd. got a loan of 500 million Hong Kong dollars from Jiehao Credit Company, and is in the process of filing a lawsuit]

Wang Guanxi knew that the opportunity had come.

He immediately called Chu Jianming, the chairman of Convoy Global Insurance, but he couldn't get through. He continued to make another call and still couldn't get through.

So Wang Guanxi asked Huang Shaokai to contact him.

"Yes, BOSS, I'll go to Convoy Global Insurance right away, then Chu Jianming should be in the company." Huang Shaokai hurriedly left after speaking.

In the past few days, Chu Jianming has been devastated.

Previously, the Bank of California, the First National Bank of Nevada, and the First Heritage Bank of California suffered heavy losses. The loss was as high as nearly 600 million US dollars, which amounted to more than 4.6 billion Hong Kong dollars.

There was also a loss of 800 million Hong Kong dollars in the stock of the Asian Financial Holding Company. Recently, it lost 5.4 billion Hong Kong dollars, and the company's assets have shrunk severely.

In addition, another American bank has recently gone bankrupt, Florida First Priority Bank!

Small bank, but the market value has always been high. In 2000, Chu Jianming personally spent 20 million US dollars to buy 10 million shares at around 2.00 US dollars per share.

Later, the stock price rose to 15 yuan per share, and these 10 million shares were worth 150 million US dollars.

As a result, Florida First Priority Bank went bankrupt and its stock price plummeted, leaving only $0.15 per share.

He cleared out,

The liquidation position was at US$0.6 per share, and only US$6 million was returned.

This time he personally lost $94 million.

Of course, when he had to do the math, he only lost $14 million.

But after so many years of investment, it was worth 150 million US dollars, but suddenly there was nothing left, and Chu Jianming felt a huge gap in his heart.

It turned out that he planned to cash out, get 150 million US dollars, and then get it back to continue to inject capital into his own Convoy Global Insurance Company.

He never expected that he only got 6 million US dollars back, which really pissed him off.

Convoy Global Insurance lost so much money this time, at the company's shareholders meeting, those shareholders planned to drive him out of Convoy Global Insurance.

Among them are Hong Tianwen, chairman of Jiehao Financial Group, and Lu Yinhe, chairman of Galaxy Entertainment Group.

We used to have a good relationship, and we were still friends.

Now after this huge loss, the two turned their faces and refused to recognize anyone. They wanted to kick him out, buy Convoy Global Insurance, and kept smashing the stock price.

"Hong Tianwen, Lu Yinhe, you two bastards, actually stabbed a knife in the back!"

It turned out that the market value of Convoy Global Insurance was 7 billion, and the stock price was 7.00 yuan per share. The total shares were originally 1 billion Hong Kong dollars. Because of the huge loss, the stock price fell to 1.5 yuan per share.

Everyone was crazy about cashing out stocks, and everyone suffered serious losses, including himself, who holds 40% of the shares of Convoy Global Insurance.

Originally, Convoy Holdings Insurance Company owed 500 million Hong Kong dollars in loans to HSBC Bank, and HSBC Bank began to draw loans.

But the company has no cash flow.

So Hong Tianwen of the financial group and Lu Yinhe, the chairman of the Galaxy Entertainment Group, arranged a game for him.

That is to pledge the company's equity to Get Nice Credit Company under Get Nice Financial Group, loan 500 million Hong Kong dollars, and then return it to HSBC.

It would have been fine if the stock price had remained at 1.5 yuan per share, but now the stock price has fallen to shit, falling to 0.60 per share.

Originally, the stock price should be higher than 1.00 yuan per share, but Lu Yinhe and Hong Tianwen kept smashing the stock price.

Because Jiehao Financial Group and Galaxy Entertainment Group are shareholders of Convoy Global Insurance Company, they own a lot of stocks. During the period, they kept using panic to drop the stock of Convoy Global Insurance Company to 0.5 position.

Retail investors will not buy, they will only sell.

This is the end of the day, the equity that was pledged to Jiehao Credit Company before, now Jiehao Credit Company wants to take back the loan and take the company away!

Jiehao Financial Group also claimed to give a purchase price of 100 million yuan!

That is to smash the stock price to 0.1 yuan per share, and then delist!

What a bastard.

Two days ago, he mortgaged several of his own houses, collected 100 million Hong Kong dollars in funds, increased his holdings of Convoy Global Insurance's stock at an average price of 1.00 yuan per share, and bought 100 million shares!

His own shares changed from 300 million shares to 400 million shares, accounting for 40%!

But there are too many people selling stocks, and retail investors are the most aggressive.

He was hooked.

And it's very tight.

Other shareholders have begun to defect.

Hong Tianwen and Lu Yinhe opposed any decision he made to save the company on the board of directors, just to put the company into a desperate situation!

Now he doesn't know what to do!

If we continue to carry on, Convoy Global Insurance will be auctioned off and forcibly taken over by Jie Hao Credit.

If Convoy Global Insurance was really acquired by Jiehao Financial Group for 100 million Hong Kong dollars, then only 40 million of his 40% shares would be left, which is a real loss for him.

"Oh, it's over"

Now he has nothing to do, the mortgage of his house is over, just to increase the shares of Convoy Global Insurance Company, but he never expected that Hong Tianwen and Lu Yinhe would jointly set up a trap, trap him to death, and let him Make a good loan to draw a loan, and take the company away!

What a bastard!

Thanks to these years, he has been paying dividends, dividends, how much money has he distributed to them?

Because both of them are major shareholders, Convoy Global Insurance also delivered a lot of benefits to the two companies.

But these two bastards are rich wolves who can't eat enough.

The thing that scares him the most is that Convoy Global Insurance is already insolvent!

A large number of real estate holdings are shrinking, and the shares of Standard Chartered Bank are also falling. There are also China Resources Cement in the construction industry, and China Resources Beer in the food industry...these stocks are all falling.

Not to mention the stocks of American companies, bankrupt and bankrupt, and stock prices plummeting.

Is the company really doomed?

Acquired by 100 million Hong Kong dollars?

Chu Jianming leaned against the boss chair in despair, looking at the ceiling helplessly.

At this moment, the door of the office opened, and Hong Tianwen and Lu Yinhe came in aggressively with a group of high-level shareholders.

Chu Jianming sat up straight in fright and asked, "Why did you come in?"

Hong Tianwen said: "Old Chu, I will give you three days in the end. If you don't get a 500 million loan from Jiehao Credit Company, we will take the whole company away."

Lu Yinhe also said: "Old Chu, admit defeat, I will give you a merger price of 200 million Hong Kong dollars."

"You own 40% of the shares, and you can also get 80 million Hong Kong dollars"

Chu Jianming scolded: "Even if I let the company go bankrupt, I won't let you buy it like this!"

"You two bastards, you actually joined forces to plot against me and set up a trap for me!"

When HSBC came to draw loans before, it was because there was no cash flow.

However, Hong Tianwen and Lu Yinhe tricked him into pledging the company to Get Nice Credit Company under Get Nice Financial Group for a loan of 500 million Hong Kong dollars.

Still interest free!

So without thinking too much, he mortgaged the shares of Convoy Global Insurance Company,

The mortgage price is 1.5 yuan per share, and 60% of the equity of Convoy Global Insurance is mortgaged to Jiehao Credit Company!

But he never expected that this was a huge pit, a bureau specially set up for him.

Hong Tianwen and Lu Yinhe jointly lowered the stock price to 0.5 yuan per share, resulting in the 60% equity of Convoy Global Insurance being only worth 300 million Hong Kong dollars!

However, Convoy Global Insurance owed Jiehao Credit 500 million Hong Kong dollars, so Jiehao Credit Company wanted to take away 60% of the shares of Convoy Global Insurance, and to recover the debt of 200 million Hong Kong dollars!

What a bastard!

Hong Tianwen thought for a while and said, "Old Chu, don't blame us, you are to blame for all this."

Lu Yinhe: "You caused Convoy Global Insurance to lose so much money, the stock price plummeted from 7.00 to 1.50, and we also lost a lot of money"

"Now we feel that you are not suitable to be the chairman, and we now have the power to take away Convoy Global Insurance"

Hong Tianwen also said: "Yes, Lao Chu, accept your fate. Looking at the past friendship, I will give you a purchase price of 200 million. If you hold 40% of the shares, you can get 80 million Hong Kong dollars."

"And you can't resist, your house is also mortgaged, and you have no money"

"Fate"

Chu Jianming scolded: "Now Convoy Global Insurance is worth at least 1 billion Hong Kong dollars. If you hadn't suppressed the stock price, the stock price would be above 1.00 now!"

"You want to use a price of 200 million to take away a company worth 1 billion Hong Kong dollars, dreaming!!!"

Hong Tianwen sneered and said, "You have caused us to lose so much money. By doing this, we are also making up for our losses in Convoy Global Insurance."

Lu Yinhe also said: "Old Chu, don't struggle, it's useless."

This time, Bank of California, First National Bank of Nevada, and First Heritage Bank of California went bankrupt, and Asia Financial Holdings was acquired, resulting in a huge loss for Convoy Global Insurance.

As the major shareholders of Convoy Global Insurance Company, they also lost a lot of money.

But with the price of 200 million Hong Kong dollars, they have acquired Convoy Global Insurance worth 1 billion Hong Kong dollars, and they can still make up for a lot of losses.

In addition, Jiehao Financial Group just happened to enter the insurance industry, and when the two of them came together, Chu Jianming set up the game!

Although the current stock price of Convoy Global Insurance is 0.5 yuan per share, it was caused by their suppression.

If they don't smash the market and don't toss Convoy Global Insurance, then the stock price should rise to 1.00.

"In three days, we will take the company away!"

"Today's M\u0026A price is 200 million, and three days later the M\u0026A price is 100 million"

"The stock price will still fall, and eventually fall to 0.10 yuan per share, I can assure you!"

After speaking, the two left with others.

Chu Jianming's face was ashen, angry and unwilling, but he had no choice but to watch all this happen.

He looks forward to continuing to procrastinate, to file a lawsuit, and to wait for the stock price to rise to 1.00.

You can wait for retail investors to be optimistic about the stock of Convoy Global Insurance Company. As long as the stock price rises to 1.00 yuan per share, Jiehao Credit Company will not be able to take the company away.

At this time, his secretary came in, "Chairman, I have a guest asking for an audience"

"Who?" Chu Jianming immediately shut down the phone because he was pressured and harassed by minority shareholders.

"Huang Shaokai, CEO of Black Shirt Insurance Company," the secretary said, "He has gone downstairs to the company and said he has something urgent to discuss with you."

Chu Jianming thought for a while and said, "Let him in."

Soon Huang Shaokai came to Chu Jianming's office and said enthusiastically, "Brother Chu, you seem to have encountered a lot of trouble recently."

Chu Jianming naturally knew that Huang Shaokai was not a good guy, and his name was Brother Chu, which made him even more afraid, a guy who eats people and doesn't spit out bones.

So he said bluntly: "Tell me, Mr. Huang, what is your urgent matter to tell me?"

Huang Shaokai brought Wang Guanxi's words.

"Mr. Wang, I want to buy your company, the price is negotiable"

Chu Jianming shook his head: "I'm sorry, Mr. Huang, I don't plan to sell the company yet."

Huang Shaokai also eats people without spit out bones.

Last time in Asia Financial Holdings, they suffered a big loss from the group of black shirt insurance companies.

Especially Huang Shao's mouthful of Brother Chu made Chu Jianming feel hairy when he heard it.

Huang Shaokai smiled and said, "Brother Chu, why are you doing this, you can't prevent the company from being acquired in the end."

"We'll give you a fair price!"

Chu Jianming asked, "What price?"

Huang Shaokai: "We value Convoy Global at 500 million, and buy 40% of your shares with 200 million Hong Kong dollars."

When Chu Jianming heard it, he was stunned, but his inner expectation was 400 million Hong Kong dollars, because Convoy Global Insurance should be worth 1 billion Hong Kong dollars.

Huang Shaokai's overweight was doubled, but it was much better than Hong Tianwen and Lu Yinhe who only gave him 80 million.

But 200 million Hong Kong dollars is too little, far below his inner expectations.

"No, 200 million Hong Kong dollars is too little, I want 400 million Hong Kong dollars, this is my bottom line"

Huang Shaokai persuaded: "Brother Chu, I can only give you this price, and then you can only watch Convoy Global Insurance being taken away by Jiehao Credit Company."

Chu Jianming gritted his teeth and said: "350 million Hong Kong dollars, this is my bottom line, if you don't agree, I have no choice but to file a lawsuit with Jie Hao Credit."

Huang Shaokai then said: "Brother Chu, I want to call Mr. Wang"

The original plan was to win Chu Jianming with 200 million to 300 million Hong Kong dollars, but Chu Jianming was not a fool.

Then Huang Shaokai called Wang Guanxi and talked.

Wang Guanxi agreed to a price of 350 million!

But after taking down Convoy Global Insurance, he will face crazy revenge from the two big bosses in Hong Kong, but he doesn't care!

And Huang Shaokai hurriedly called Chu Jianming and said, "Mr. Wang agreed."

Chu Jianming said, "I want to talk to Mr. Wang personally, there are some things that must be clarified."

"Okay!" Huang Shao called Wang Guanxi.