Rebirth of the Financial Crisis Sweeping the World

Chapter 173: 173 The Big Brothers Are Forced to Compromise, The Winner's Black Shirt Insurance!

After chatting with Chu Jianming on the phone, Wang Guanxi said, "Mr. Chu, don't worry, leave everything to us!"

On the phone, Chu Jianming said, "Okay, we'll sign the contract later, but I agreed in advance that you bought the equity in my hand, and the lawsuit with Jiehao Credit Company is your business."

He first mortgaged 60% of the equity of Convoy Global Insurance Company to Get Good Credit Company.

Now he has sold his equity to Blackshirt Insurance Company, which is illegal.

But there is a buffer.

Because Jiehao Credit Company is a fraudulent loan, it is very complicated anyway.

Moreover, the equity that belongs to him is indeed still in his hands, and the execution period has not yet come.

However, the Blackshirt Insurance Company needs to file a lawsuit with Jie Hao Credit Company.

After finishing the phone call, Wang Guanxi said, "Mr. Huang, I'll leave the rest to you."

"Yes, BOSS." Huang Shao opened the phone to Liu Zhonglun, the chairman of Heishan Legal Co., Ltd., consulted, and then called Chu Jianming and said, "Let's just sign another legal document."

"Okay, no problem." After thinking for a while, Chu Jianming said, "Let's sign the contract quietly at night, don't let anyone know, I'm going to kill those two bastards."

Then he briefly explained the whole process of how he was set up.

Galaxy Entertainment Group and Get Well Financial Group have been suppressing the stock price of Convoy Global Insurance, making the company's market value shrink, and then taking his company away at a very low price.

But now, Chu Jianming is going to fight back against them.

Violently deal with these two bastards, causing them to suffer heavy losses.

The specific operation process is to let Galaxy Entertainment Group and Jiehao Financial Group continue to sell stocks in the stock market, and then let the black shirt insurance company absorb stocks at low prices.

In order not to let Lu Yinhe and Hong Tianwen find out, this transaction with the black shirt insurance company had to be held at 12 o'clock in the evening to keep it a little more secret.

Then Lu Yinhe and Hong Tianwen were killed the next day.

He originally had a very good relationship with Lu Yinhe and Hong Tianwen, but these two bastards teamed up to set up a trap for him, so don't blame him, Chu Jianming, and the others.

"Okay, then sign at 12 o'clock in the evening." Huang Shao said with a smile: "Thank you Brother Chu for your cooperation."

"Haha, as long as you make Lu Yinhe sick to death, Hong Tianwen and those bastards will be fine." Chu Jianming suddenly felt a sense of revenge.

Then Huang Shaokai left,

And Chu Jianming pretended to lose his temper in the company, giving people a feeling that the situation is getting worse.

This is specially used to paralyze Lu Yinhe and Hong Tianwen!

At 12 o'clock in the evening, everyone signed the contract.

Black Shirt Insurance Company paid 350 million Hong Kong dollars to Chu Jianming, and obtained the 40% equity, a total of 400 million shares. The lawsuit is a matter between Black Shirt Insurance Company and Jie Hao Credit Company.

On the next day, August 20th, Wednesday, the stock market did not open.

At the moment, in a villa, Lu Yinhe and Hong Tianwen are drinking morning tea, leisurely.

Lu Yinhe asked, "Old Hong, will Chu Jianming honestly sell the company to us this time?"

This time, the two of them jointly set up a scheme to cheat Chu Jianming, take the company away at a very low price, and then make up for the loss.

This Chu Jianming is a bastard. He actually caused such a big loss to Convoy Global Insurance. As the major shareholders, they also lost a lot.

Immediately turned against Chu Jianming and played tricks on him.

However, he was still a little worried that Chu Jianming would jump over the wall in a hurry and continue to resist and toss.

Hong Tianwen took a sip of tea and said, "Brother Lu, don't worry, Chu Jianming can still dance for at most 3 days.

At that time, we can forcibly take away the company, and he has to agree if he agrees, and he has to agree if he doesn’t agree.”

"The current price is 200 million, and the price in three days will be 100 million"

"Let him consider these three days, we will continue to suppress the stock price and make the stock price even lower"

Lu Yinhe nodded and said with a smile, "This time Convoy Global Insurance is ours."

Hong Tianwen said confidently: "Of course, it's a sure thing."

"At that time, our two companies will each hold 50% of the shares."

The employees of their two group companies, as well as employees of some cooperative companies, have bought the insurance of Convoy Global Company, and the two of them can hold the future income in their own hands.

"Good!" Lu Yinhe looked forward to it.

When the stock market opened, Blackshirt Insurance Company made a move and bought the shares of Convoy Global Insurance Company in the market.

Retail investors are still selling, while Jiehao Financial Group and Galaxy Entertainment Group are still suppressing stocks, but they are frightened by the sudden influx of funds.

Someone is sweeping the goods!

Soon, a large number of selling orders were eaten by the black shirt insurance company, and the stock price rushed from 0.5 yuan per share to 0.9 yuan per share.

Retail investors who had been tortured for many days sold their stocks one after another.

But the black shirt insurance company is still sweeping goods!

The rise of the stock price did not stop, and continued to rush, and the stock price rushed to the 0.9 position before stopping.

But retail investors sold again.

The stock price fell again!

It fell to 0.5 yuan again!

The Blackshirt Insurance Company strikes again!

The stock price was pulled from 0.5 yuan per share to 0.9 yuan per share.

Black Shirt Insurance Company bought 100 million shares, and the opening position of each share was 0.7 yuan per share, which cost 70 million Hong Kong dollars.

Now Blackshirt Insurance Company holds 500 million shares and controls 50% of the shares of Convoy Global.

It happened to close in the morning.

At the moment, he is in the headquarters of the Blackshirt Insurance Company, in the CEO's office.

Wang Guanxi and Chu Jianming drank tea and said with a smile: "Mr. Chu, you go to the shareholders' meeting of Convoy Global Company, and you are authorized to go"

"Okay, no problem, I'll also see the faces of those two bastards, Hong Tianwen and Lu Yinhe."

Hong Tianwen and Lu Yinhe joined forces to set up a trap for him, and then he cooperated with the black shirt insurance company to set up a trap for these two bastards.

So in the afternoon, the shareholders meeting.

Standing alone in the center of the conference room, Chu Jianming announced that he controlled 50% of the shares, which actually exceeded 50% by a tiny bit.

Representatives of Hong Tianwen, Lu Yinhe, and the boys were all dumbfounded.

Then Chu Jianming first expelled the company's management and those who betrayed them from the board of directors.

Then announced the privatization of Convoy Global Insurance, but met with strong opposition.

Rhythm Chu Jianming announces delisting!

This time at his shareholder meeting, he can do whatever he wants!

Both Hong Tianwen and Lu Yinhe rushed over.

Unexpectedly, Chu Jianming turned over suddenly. Obviously he found the money, but he controlled 50% of the shares, so what?

It still owes a loan of HK$500 million from Jiehao Credit.

I have to pay it back immediately!

In the end, everyone quarreled all afternoon at the shareholders meeting.

In the afternoon of the same day, the share price of Convoy Global Insurance continued to rise and was finally fixed at 1 yuan per share.

Now the black shirt insurance company wants to privatize Convoy Global Insurance Company, but the market price will continue to be raised, which will increase the cost of privatizing the black shirt insurance company.

Moreover, Jiehao Credit will also sue Heishan Insurance Company and Chu Jianming.

This lawsuit is very bad for the black shirt insurance company.

But in the end, everyone still sat at the negotiating table. Wang Guanxi was not present, and they were all his subordinates.

Wu Zhankun, Huang Shaokai, Zhang Youde, Mu Honglie, Chen Xuezhen, Wei Weicheng, Wang Juehao, Kawauchi Yuji, Ogura Wu, Huang Jiajiang, this side controls 50% of the shares.

The other party is Hong Tianwen and Lu Yinhe. In fact, they have bought a lot of shares from small shareholders long ago. Adding their own holdings, they control 40% of the shares.

Hong Tianwen and Lu Yinhe didn't expect the black shirt insurance company to come out halfway and snatch their fruits.

And this Chu Jianming is really not a thing, he actually got together with the black shirt insurance company, let the black shirt insurance company sweep the market, and then hold the company.

Now that the Blackshirt Insurance Company holds more than 50% of the shares and has the absolute right to speak in the company, they also suffered a big loss this time.

He has been busy all the time, trying his best to trick Chu Jianming into being fooled, pledged 60% of the equity of Convoy Global Insurance Company, borrowed 500 million Hong Kong dollars from Jiehao Credit Company to repay HSBC, and then smashed down the stock price.

At the same time, Jiehao Credit Company draws loans from Convoy Global Insurance, and if they cannot repay the loan, they must enforce the loan agreement.

Take away 60% of the company's equity, or convert the debt into equity.

Or force Chu Jianming to sell the company as a whole to them at a price of 200 million Hong Kong dollars.

Then recover part of the previous loss caused by the huge loss of Convoy Global.

So the lower their purchase price, the better.

Just when they were about to succeed, they were cut off by the black shirt insurance company.

They were so enraged that the two of them yelled at the ten representatives of the black shirt insurance at the negotiation meeting!

After they scolded for half an hour, Zhang Youde said: "Mr. Hong, Mr. Lu, this is the end of the matter, let's talk about the price and cancel the lawsuit against the black shirt insurance.

We can give you a purchase price of 0.8 yuan per share, 400 million shares, which is 320 million Hong Kong dollars."

Blackshirt Insurance Company now owns 50% of the shares and absolutely controls the company.

But now the company still owes a loan of 500 million Hong Kong dollars to Jiehao Credit, which will be enforced soon.

However, the stock price has rushed to 1.00. According to the agreement, Jiehao Credit Company has no conditions to forcibly enforce the control of Convoy Global.

Hong Tianwen said coldly: "Impossible, I am not short of this money. Our 500 million Hong Kong dollar loan will be converted into debt and equity. According to the agreement, the 500 million Hong Kong dollar loan will be obtained..."

Before he finished speaking, Wu Zhankun interrupted: "Mr. Hong, we can borrow 500 million Hong Kong dollars to repay you immediately, no need for debt-to-equity swaps."

Lu Yinhe opened the mouth and said: "The equity transaction between your Blackshirt Insurance Company and Chu Jianming is illegal. The equity has already been mortgaged to Jiehao Credit Company. You are also suspected of manipulating the stock price. We will continue to prosecute."

There are two of them, one is the chairman of Jiehao Financial Group, and the other is the chairman of Bank Entertainment Group.

Get Nice Financial Group has a market capitalization of more than HK$15 billion. It is a diversified investment group. The group company controls more than RMB50 billion of client assets and has many subsidiaries.

The Bank Entertainment Group is even more dominant in Hong Kong's gaming industry, with a market value of more than 25 billion Hong Kong dollars, and the Lu family is a well-known wealthy family with a prominent status.

Today, I never expected to be shitted on the head by a little-known small insurance company, the black shirt insurance company, which made the two of them unable to swallow this bad breath!

Huang Shaokai smiled at this time and said: "The execution period has not yet come, Mr. Lu, our transfer is also legal, and this is a legal issue transferred to our black shirt insurance.

If you want to file a lawsuit, we will accompany you to the end.

Going to court is also consuming each other. Even if you win, the control of the company is still in our hands.

At most, I will compensate you for some losses, so let’s talk about the purchase price.”

"Two gentlemen, it's useless for you to stop it. The articles of association of Convoy Global Insurance will be amended, and it will still be delisted. After delisting, it will never be listed, and the shares will not pay dividends."

"Everyone is in business. Winning or losing in the mall is a common thing. Don't make trouble with money."

Hong Tianwen and Lu Yinhe gradually calmed down.

It's not that they are short of money, but they are fucking. They were humiliated by a small insurance company and robbed of their hard-earned Convoy Global Insurance!

He was very angry in his heart. Sooner or later, he would have to settle the debt with the black shirt insurance company!

So we continue to negotiate.

The quarrel is still very fierce.

We negotiated until 12 o'clock in the evening.

It was finally decided that the lawsuit was settled, and the other party would not sue the black shirt insurance for huge compensation!

But the condition is that the black shirt insurance company will buy 400 million shares of the other party at a premium of 20%, which is 1.2 yuan per share.

Another 480 million Hong Kong dollars was spent and paid to Hong Tianwen and Lu Yinhe.

Blackshirt Insurance Company controlled 90% of the shares of Convoy Global Insurance Company, and then announced the privatization of the remaining 100 million shares in circulation at the market price of 1.00 yuan per share.

··

This time, Blackshirt Insurance Company spent a total of HK$1 billion on the acquisition of Convoy Global Insurance Company, which drained the company's cash flow.

Convoy Global's total assets are 5.9 billion, liability reserves are 2.5 billion, financial assets are 2.5 billion, real estate is 900 million, and the depletion of cash flow can be ignored.

The total debt is 5.5 billion. In fact, Jiehao Credit Company is 500 million. After negotiation, the loan is paid at an interest rate of 5% per year.

Net assets of 400 million.

And Hong Kong Blackshirt Insurance Company.

The total assets are 9.8 billion, the liability reserve is 4.5 billion, and the financial assets are 4.3 billion. It holds 100% shares of Convoy Global Insurance Company, with a valuation of 1 billion.

Liabilities are 9.2 billion, of which China Merchants Bank loans are 500 million.

Net assets of 600 million

The two companies merge.

Liability reserves are 4.5 billion + 2.5 billion = 7 billion, financial assets are 4.3 billion + 2.5 billion = 6.8 billion, real estate is 900 million, and the total asset scale is 14.7 billion.

Total liabilities, 9.2 billion + 5.5 billion = 14.7 billion, of which 1 billion is bank loans, China Merchants Bank is 500 million, and Jiehao Credit Company is 500 million.

The net worth of the entire black shirt insurance is 0.

Then Convoy Global Insurance originally belonged to Lu Yinhe, and all the executives of Hong Tianwen's series were fired.

Chen Zhihong, the executive president with an annual salary of 10 million Hong Kong dollars, left.

The executive director and CEO of its subsidiary, Xian Jianmin, with an annual salary of 3.65 million, also left.

Ye Yifu, the global vice president with an annual salary of 9 million, also left.

Independent directors He Jiali, Fu Kuang Yingting and Zhao Huiling left.

Chief Financial Officer, Bai Weiqiang, a senior member of the Hong Kong Institute of Certified Public Accountants, a member of the Institute of Chartered Secretaries and Administrators, and a member of the Hong Kong Institute of Chartered Secretaries, has more than 25 years of financial, accounting and company secretarial experience, and was left behind.

Yan Tat Wah, Director of Electronic Wealth Management and Innovation, has more than 20 years of wealth management and banking experience, and has held various senior positions in wealth management and private banking in many well-known banks.

Huang Xuehui, chief talent and corporate culture director of the group, is responsible for the overall supervision of human resources, the routine and operation of the group to promote employee productivity, employee engagement and development, and operational efficiency to meet the ever-growing business needs.

Over 20 years of relevant experience, covering organizational and talent development, compensation and benefits management, staff training and appointment Prior to joining the group, he held various positions in AXA, Sun Life Financial, Hutchison Port Trust, CSL Telecom and Wyeth, and continued to stay .

Chief Digital Director, He Chunlong, the founder of iFast, one of the most successful online investment platforms in Asia, has more than 20 years of experience in Asian information technology and financial technology, and continues to be retained.

Zhong Guowei, executive director, has more than 25 years of experience in banking and financial institutions. His expertise is in formulating strategic business blueprints, designing financial product distribution strategies, standardizing operations and maintaining corporate governance. He was retained.

Bai Weiqiang, Zhen Dahua, Huang Xuehui, He Chunlong, and Zhong Guowei are all talents and suitable for horse boys. Wang Guanxi asked them all to join the board of directors of the black shirt insurance company.

Now Black Shirt Insurance Company is formed by the merger of four insurance companies: Catalan Auto Insurance, Wing Lung Insurance, Asia Financial Holdings, and Convoy Global Insurance.

So Wang Guanxi asked all these horsemen to join the board of directors. Although they do not have the right to dividends, they have additional bonuses and salaries in return.

Convoy Global Insurance also has two barristers, namely Lin Guochang, Kuang Zhaoqiang, and Wang Guanxi, who asked them to report to the Black Shirt Legal Company, with an annual salary of 700,000 plus bonuses, and they are also executive directors of the Black Shirt Legal Company.

Now Black Shirt Insurance Company has 15 executive directors including Zhang Youde, Mu Honglie, Chen Xuezhen, Wei Weicheng, Huang Shaokai, Wu Zhankun, Wang Juehao, Kawauchi Yuji, Ogura Wu, Huang Jiajiang, Bai Weiqiang, Zhen Dahua, Huang Xuehui, He Chunlong and Zhong Guowei.

Except for Zhang Dexi and Wu Zhankun who used to be the boss, everyone else is an elite wage earner in the industry.

However, the two companies have just merged, and the Jiehao Financial Group and its subsidiaries, as well as the Bank Entertainment Group and its subsidiaries, have all terminated their cooperation with the Blackshirt Insurance Company. The premiums they have paid will be announced to be surrendered!

Deliberately create a traffic accident and let the black shirt insurance company pay for it.

Soon the lawsuit came again.

United Financial Group and Galaxy Entertainment Group sued the Blackshirt Insurance Company at the same time.

He also sued the black shirt insurance company for manipulating the stock price, hostile takeover, and privately buying the stockholders at a price 20% higher than the stockholders!

The price to shareholders is 1.2 yuan per share, and the price to shareholders is 1 yuan per share, with no premium.

Fuck, this Hong Tianwen and Lu Yinhe are really disgusting enough, just after paying the money, they turned their faces and refused to recognize anyone, and exposed this matter.

At the same time, the employees of Jiehao Financial Group and Galaxy Entertainment Group who had purchased the original insurance of Convoy Global sued the black shirt insurance company for fraud!

There is also a class action lawsuit.

That's disgusting enough.

Just settled the lawsuit of Jiehao Credit, and bought it at a premium of 20%, and other lawsuits came again!

Wang Guanxi was really disgusted by these two bastards.

Hong Tianwen and Lu Yinhe are not easy-going lamps either. The two group companies are both rich and powerful.

It is to let the black shirt insurance company deal with it to death.

This at least caused a huge loss to the future premiums of the black shirt insurance company.

Hong Tianwen and Lu Yinhe also knew that the black shirt insurance company was short of funds, and their method was to cut off the future premiums of the black shirt insurance company.

After all, many of the insurance clients of the original Convoy Global Insurance Company were employees of Jie Hao Financial Group, companies under the Galaxy Entertainment Group, and employees of their partners. In short, there are many.

Hong Tianwen and Lu Yinhe are also the major shareholders of Convoy Global Insurance Company, and they have also obtained great benefits from Convoy Global Insurance Company.

Originally, Convoy Global Insurance Company was the lunch of Hong Tianwen and Lu Yinhe, ready to eat at any time.

But now Convoy Global Insurance was acquired by Jiehu, a black shirt insurance company.

Naturally, the two would not let the black shirt insurance company go.

The cash flow of the Black Shirt Insurance Company was exhausted, and it still owed a loan of 500 million Hong Kong dollars to Jiehao Credit Company. Although this loan was negotiated, it was converted into an ordinary loan.

However, they can make the black shirt insurance company run poorly, make a large amount of future premiums of the black shirt insurance company disappear, or even withdraw the insurance, and then find a reason to draw loans from the black shirt insurance company.

When the Blackshirt Insurance Company can't handle it, it is when the Jiehao Financial Group and the Bank Entertainment Group reacquire the Blackshirt Insurance Company.

No, Jiehao Financial Group and Bank Entertainment Group also went to the Securities Regulatory Commission to sue the black shirt insurance company for manipulating the stock price.

There is also a joint lawsuit initiated by the shareholders of the Black Shirt Insurance Company, asking the Black Shirt Insurance Company to pay another 20 million in compensation to the shareholders.

It created a very just image, and even set up a small platform for joint litigation, but the shareholders who originally held Convoy Insurance really took action.

This is another big lawsuit.

It's okay, let's go to court, there is a black shirt legal firm, so let's continue to fight the lawsuit, and drag it on until everyone is exhausted.

However, Jiehao Financial Group and Bank Entertainment Group have had a negative impact on the reputation of the black shirt insurance company, which is very huge.

Liu Zhonglun, chairman of Blackshirt Legal Co., Ltd., is also holding a board meeting.

All directors are present.

Xue Feng, Vincent Ayres, Hamada Matsumoto, Simmons, Davidson, Yin Feihong, Lin Guochang, Kuang Zhaoqiang.

Everyone agreed that it is necessary to counter sue Jiehao Financial Group and Bank Entertainment Group.

So it started to act, and the black shirt insurance company also counter-sued the Jiehao Financial Group and the Bank Entertainment Group!

The legal battle, that is very long.

Really take your time.

However, the future premiums of black shirt insurance companies will be much lower.

Because many of the customers who originally belonged to Convoy Global Insurance Company came from employees of Jiehao Financial Group and Bank Entertainment Group.

These people not only want to sue, but also surrender their insurance and initiate a joint lawsuit.

When the black shirt insurance company is free, Wang Guanxi will not easily spare these two group companies in the future.

Looking at the stocks of Knot Financial Group and Bank Entertainment Group, Wang Guanxi intends to let the black shirt insurance company short them.

But now the black shirt insurance company has no cash flow, and the cash flow has almost dried up.

Assets need to be sold off, and many of the assets that originally belonged to Convoy Global Insurance were toxic.

Those stocks and bonds are in a falling situation, and it is difficult to deal with them for a while.

"Should I sell those assets?"

"Well, we need to cash out enough cash before the financial crisis comes, and then make short money!"