The reason for choosing to release the news now instead of waiting until the stock market opens tomorrow is to allow the news to ferment for a period of time to have a greater impact.
Xu Yuande also knew this but had no way to deal with it.
He now has 1.5 billion yuan in funds, 1.2 billion of which is a loan from Pudong Development Bank, and 300 million is raised by himself and other major shareholders.
How it ends will depend on tomorrow.
As the saying goes, if a wall collapses, everyone pushes it. If the behemoth Xu Group really collapses, there will be no shortage of people who want to grab a piece of the pie. However, these people are afraid of angering the new boss and making him feel that they are snatching food from the tiger's mouth, so they contact Guo Zhixian one after another to inquire about his attitude.
"Mr. Si, this is the situation." Guo Zhixian said on the phone.
"Tell them that I won't stop anyone from entering, but I won't care about anyone either." Si Mingyu replied.
"I understand. Thank you, Mr. Si." Just these words are enough. If someone can still compromise when beating a drowning dog, the financial circle will not recognize such a person.
"Did Mr. Si agree?" Tao Quanrui and the other five people asked Guo Zhixian with concern as he put down the phone.
"I agree. You can come and go as you please. Win or lose at your own risk." Guo Zhixian said.
"Old Guo, this time it's up to you." Tang Pingchuan patted Guo Zhixian's shoulder and laughed.
He is Tang Changfeng's father. Among the six second-generation family members, only he and Tao Quanrui have never had the opportunity to benefit. Now that they have finally encountered an opportunity, how can they let it go?
After learning about this, the six families each contributed a portion of money to be handled by the Guo family, hoping to take advantage of this opportunity to make another fortune.
"We need to make this clear first. Make a small profit and then withdraw. Just follow Mr. Si and have some soup. It's not good to take too much." Guo Zhixian emphasized again.
"We all know this, a small profit is enough." Everyone present agreed that it is not right to offend the important people for the sake of small profits.
Now that the six people have reached a decision, Guo Zhixian sent a message to other people in the financial circle who asked him to consult on his behalf. It is better to fish in muddy waters.
As soon as the stock market opened the next day, the attack on the Xu Group began. However, the opponent did not launch a fierce attack right away, but continued to maintain the same leisurely pace as yesterday. This was the most worrying thing.
Now neither side has shown any signs of defeat, and those speculators who are ready to participate are not in a hurry and are just waiting and watching.
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Conference room of Kongqueling Cosmetics Company, Lianming Building, Pudong New Area, Shanghai.
Company executives and major shareholders gathered together to witness the signing of a share transfer agreement.
"The money will be in our account within three hours after we sign?" Xu Zhirui asked again with a pen in hand. This was the third time.
"Mr. Xu, it is clearly stated in the contract. It will be legally effective after the formal signing." This was the third time Lawyer Zheng answered him.
"Okay!" Xu Zhirui picked up the pen and signed his name on the document, and another assistant came up to stamp it.
The signed document was taken to another table by shareholder secretary Kong Caiting. Zhang Ningxi, who was sitting next to her, elegantly signed her name and stamped it.
A round of warm applause marked the completion of the signing.
Xu Zhirui owned 20% of Peacock Feather Cosmetics Company, and the shares worth 3 billion yuan were given to Si Mingyu, but he only paid 2 billion yuan for it.
"Are you so confident? Do you think the Xu Group can't survive?"
"Please be quiet. I need to call the bank and ask them to transfer the money." Zhang Ningxi interrupted the other person directly. This person was too noisy.
Xu Zhirui immediately shut his mouth and dared not speak. After all, the Xu Group was really in urgent need of money.
After dialing Si Mingyu's number, Zhang Ningxi said in a coquettish voice, "Husband, the agreement has been signed. Please transfer the money to me."
This is a blatant way to anger Xu Zhirui.
As expected, the Xus had no choice but to sell their shares in Peacock Feather Cosmetics to save the group. The problem was that they were too impatient and demanded the money be in their account within half a day. How could that be possible?
So we had no choice but to lower the price, but after the news was released, still no one bought it.
There are plenty of people in Shanghai who can shell out billions in just half a day, but why would they buy shares in Peacock Feather Cosmetics? Granted, selling three billion worth of shares for two billion is a ten billion profit, a win without any effort. But if you take over, you're essentially helping the Xu Group. What would the East Asia Mingyu Group think?
The conflict between the two families is no longer a secret among the upper echelons of Shanghai, so there is no need for those who have the ability to offend an opponent with an unknown background in order to make money.
In the end, Si Mingyu asked someone to contact the Xu father and son and asked for the shares.
This is a slap in the face. They are buying your stocks while driving down your share price.
As for the Xu family, they had no choice but to sell to Si Mingyu. If they didn't sell and the group collapsed, they would only have 3 billion shares left. If they sold, they might be able to save the group, which was currently worth over 20 billion.
Besides, this is also an opportunity to consume the opponent's funds. Two billion is not a small amount, and Xu Yuande doesn't believe that Si Mingyu can take it out casually.
In fact, Si Mingyu just took it out casually.
With just one phone call, the money was in place at China Merchants Bank. You should know that the stocks under Si Mingyu's name were worth more than 40 billion yuan, and he had only borrowed 17.6 billion yuan before, so borrowing another 2 billion yuan was a piece of cake.
For banks, loans to big customers like him are approved quickly and at low interest rates.
Why? It's safe.
Banks also face loan pressures. Should they lend to people who are certain to repay but with lower interest rates, or lend to people who are uncertain about repayment but with higher interest rates? What's the point of paying higher interest rates if you can't collect the money back?
Besides, even if the money cannot be recovered, the pledged stocks are enough to repay the loan.
It's true that a loan requires collateral, but what does the bank want from you? It wants money.
Some collateral is valuable, but selling it is time-consuming, labor-intensive, and hassle-free. Unlike popular stocks, which everyone wants.
Zhang Ningxi came to the signing ceremony on behalf of Si Mingyu. She just wanted to piss off Xu Zhirui.
Of course, she was just signing on his behalf. Si Mingyu offered her the shares, but she refused. How would others view accepting such a large sum before getting married? Zhang Ningxi didn't want to come across as greedy.
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With the injection of 2 billion yuan, Xu and his son became more confident and were able to fight back and forth with their opponents in today's stock market without losing the upper hand.
This left investors baffled. With so much negative news coming out about the Xu Group, shouldn't it be doomed? How did it manage to hold on for another day?
Many investors who sold their stocks were also confused, feeling that they were wrong and sold too early.
Or, buy it back?
While everyone was confused, by the end of the stock market today, both sides had invested 1.2 billion each, and the outcome was still undecided.
That depends on tomorrow.
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