Then Huahong can talk to them about a buyback. Xing Baohua wants to fleece them.
Two or three months later, they made hundreds of millions for nothing.
This way of making money is truly outrageous, but what can you do? They went crazy first.
The shareholders had no objections and happily followed Xing Baohua's plan.
Selling stocks over a few days first dampens a surge in the stock market.
The massive sell-off not only failed to suppress the price, but was instead snapped up.
How much is sold, how much is bought back, causing the stock price to rise again?
Goodness, who has that much money?!
This is an attempt to challenge Xing Baohua!
I still want to replicate his methods with Nissan and Toyota to scam him.
Huahong's two listed companies are small in scale and cannot be compared with a large company like Toyota.
If you have a lot of capital, you can invest in stocks and eventually become a shareholder!
Hey, Xing Baohua loves this kind of hostile takeover.
He kept people watching the stock market closely, wanting to see how many companies were manipulating the market.
Huahong Capital has invested all its funds, leaving limited cash on hand.
However, Xing Baohua's funds in several Japanese banks were a backup plan, which few people knew about. In addition, Toyota will receive nearly 20 billion yuan in principal and interest in a few days.
Xing Baohua can create a huge business by throwing money at it.
Huahong Board of Directors held an emergency meeting.
There are some points from this emergency meeting that need to be disclosed.
The main purpose is to disclose the relevant content of the board resolution to the stock exchange.
The first step is to increase capital and expand shares.
The second step is to increase capital and expand shares.
The third step is still to increase capital and expand shares.
Any individual or institution aiming to reach a 5% shareholding threshold would increase their stake.
The capital increase and share expansion is part of demonstrating strength, and it also indicates that Xing Baohua is determined to protect the stock price to the end.
It's to prevent you from reaching the required percentage to raise your placard.
After the share expansion, continue selling to see if the other party has more money or Xing Baohua has more money.
Spending money to compete.
I like people who are not afraid of death the most.
As the company expands its share capital, the company's size increases.
As the saying goes, "To kill a thousand enemies, you will lose eight hundred of your own."
Xing Baohua profited, but the shareholders suffered.
Their shareholding will be reduced as capital increases occur.
What's even more disgusting is that Xing Baohua's private equity fund, which recruits widows, is opaque.
In other words, the shareholders who raised funds to have Xing Baohua manage the profits of Far East have not yet received their share of the profits.
In fact, Xing Baohua had already cashed out. He was just waiting for Far East to take off, pay off the loans, and then settle the profits.
That's when it's time to divide the money.
Xing Baohua threw all the cash he had made into the Japanese side to fight against Toyota, and also planned to short the R-share index.
That won't work now; we need to withdraw that money and increase capital through share issuance.
This is essentially using everyone's profits to enrich themselves.
Increase your shareholding ratio.
This despicable thing exploited a time difference and a conceptual difference.
Xing Baohua began to mobilize funds, not only through HSBC and Morgan Stanley, but also through Mitsui Bank.
At the same time, Mitsui Bank was instructed to transfer the remaining hundreds of millions of dollars to Huahong Bank.
First, make a smoke bomb.
Xing Baohua was busy deploying troops and making various arrangements.
The secretary informed me that representatives from Standard Chartered Bank had come to urgently request a meeting with Xing Baohua.
He was busy, wasn't he? Just as he was about to say he didn't want to see him, he saw a deputy manager from the finance department come over to report on his work.
The investigation actually uncovered the institutions and bookmakers involved, including Standard Chartered Bank.
To Xing Baohua's surprise, he heard about the Quantum Foundation.
This made the guy's heart skip a beat.
I recommend a book; you can check it out if you're interested.
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