Chapter 127 127 [Just a small setback]
After entering September, the rain in Xiangjiang began to decrease and the weather became sultry.
The high temperature after autumn is not much different from the high temperature in July and August. If a person moves a little, his whole body will be covered with sweat.
What Luo Qihong did not expect was that the stock price of Hongpu Chemical Company fell to 1 cent, and the bank was already preparing to bankrupt Hongpu Chemical Company and liquidate its assets.
Luo Qihong immediately approached Liang Botao to discuss the acquisition of Hongpu Chemical Company.
In the reception room, after listening to Luo Qihong's story, Liang Botao was silent for a while and said, "Luo Sheng, the biggest difficulty in this acquisition is how to convince the bank to treat Hongpu Chemical Company's pledged loan as a bad debt. The problem now is that the bank Some of the principal can be recovered from the properties pledged, which is far from the bad debts you mentioned, Luo Sheng.”
“I have found out that some of the properties have cross-pledged loans. "The bank will definitely not be able to recover the principal on these loans, and the Independent Commission Against Corruption is ready to intervene in the investigation. If no one takes over Hongpu Chemical, it will be difficult to sell these properties in a short period of time." Luo Qihong delivered a piece of information to Liang Botao.
“This is a good entry point, but I suggest Luo Sheng not to make all the loans bad debts, but to make half of the loans bad debts, which will be easier for banks to accept. Investigation by the Independent Commission Against Corruption It hasn’t been carried out yet, and it might save a lot of trouble,” Liang Botao suggested from a professional perspective.
Luo Qihong thought about the direction of loan repayment and believed that first settling the 'bad debt' matter and then repaying the loan through 'layers of unwinding' should be able to alleviate the current predicament. If the patent is sold again, Maybe you can save close to 50% of your assets.
"Okay! Then we will first contact Bank of East Asia, HSBC and Standard Chartered Bank to negotiate the bad debts, and then discuss the shares of Hongpu Chemical Company in their hands." Luo Qihong nodded.
"Well, three banks hold 35% of the shares, a total of 35 million shares. The current stock price of Hongpu Chemical Company is 1 cent, and it requires 3.5 million yuan of capital." Liang Botao said.
Luo Qihong smiled evilly and said, "Sheng Liang, it's true that the stock price is 1 cent, but I hope to acquire the shares held by the bank at 5 cents per share. Do you think the bank will agree?"< br>
Liang Botao was slightly startled and thought to himself, 'He is worthy of being a leader of the younger generation in Hong Kong, but he still wants to continue to squeeze the bank's interests. ’
“It shouldn’t be a big problem, after all, the majority of the bank’s interests are not in these stocks.” Liang Botao said.
In fact, Luo Qihong originally didn't care about the more than 1 million, but now he unexpectedly acquired a residential tenement building in Ho Man Tin, ruining the original plan. Siu On Real Estate Company's current funds are all in the stock market. , it is really difficult to mobilize funds to acquire residential tenement buildings, allowing Paramount Company to have sufficient funds to acquire Hongpu Chemical.
Luo Qihong wanted to visit the Bank of East Asia first. The reason was that Luo Qihong had cooperated with Li Fushu of the Bank of East Asia. From the perspective of Paramount Company, he could persuade Li Fushu to open a back door for him, which would also facilitate subsequent cooperation with Standard Chartered Bank and HSBC. After all, there are successful examples of bank negotiations.
However, Liang Botao objected on the grounds that HSBC holds 20% of the equity of Hongpu Chemical Company and the largest mortgage loan. If HSBC cannot be persuaded first, it will be difficult to achieve even if it persuades Standard Chartered Bank and Bank of East Asia. Purpose.
So, the first place the two visited was HSBC Bank.
With Zhang Taotao's connection, HSBC Vice President Reis personally received the two of them.
Leis is an authentic British man. Like Taipan Shen Bi, he once served in the army and has a rather strong style.
Of course, Luo Qihong and Luo Qihong also did their homework, learned about Lacey's basic information, and discussed how to deal with Lacey.
"Supervisor Zhang (Zhang Taotao) has already reported to me the purpose of the two gentlemen's visit." After Leis asked the secretary to go out, he poured himself a cup of coffee. "Hongpu Chemical Company is on the verge of Bankruptcy, as the largest creditor of Hongpu Chemical Company, HSBC has the right to apply to the court for bankruptcy proceedings of Hongpu Chemical Company. How do the two gentlemen plan to get the maximum benefit from HSBC? "
Luo Qihong and Liang Botao looked at each other and said seriously, "For HSBC, letting Hongpu Chemical Company go bankrupt is the biggest loss. Mr. Reis can take a look at our plan first. If you think it is feasible, we will discuss it further." . ”
In fact, the three people here are elites. No matter how nice they are, it is useless without enough benefits.
Liang Botao was a little puzzled by Luo Qihong's "playing cards without following the routine", but considering that Luo Qihong was the protagonist of this scene, he restrained his curiosity.
Seeing that Lei Lei was done with it, Luo Qihong continued to say the following: "Hongpu Chemical Company has some overlapping pledged loans in your bank. With the addition of Hongpu Chemical Company's 20% equity loan, your bank's losses will be higher than expected." According to my calculations, your bank will lose almost 15 million yuan."
"But if you follow my plan and add in the interest that Hongpu Chemical Company needs to pay, it will be expensive. The bank's losses can be as low as 8 million yuan, or even less."
"Mr. Reis, my Paramount Company was still a real estate company on the verge of bankruptcy last year, but after my careful management. , Not only has it turned a profit, but its market value has exceeded 500 million yuan, and the current growth trend is also very good. I believe that I can maximize the interests of your bank."
Reis turned his face and thought for a moment, and said, "The plan. The problem is not big, but I hope that HSBC will continue to hold 10% of the equity of Hongpu Chemical Company, and the 10% equity sold to Paramount Company must be traded at market price. "
Luo Qihong's eyes. He flashed a flash and said with a smile, "HSBC retains 10% of the equity. This is recognition of me and Paramount Company. I am very honored! However, I cannot agree to the requirement to trade 10% of the equity at market price because Paramount Company Taking over Hongpu Chemical Company was a huge risk. If 10% of the equity was lost, Paramount Company would need to spend a lot of money to acquire shares from the stock market.”
Reis smiled and said, "Luo Sheng's eloquence is very good. I also want to protect the interests of the bank."
It was Liang Botao's turn to appear. "Mr. Reis, the Independent Commission Against Corruption has intervened in the investigation. HSBC wants to let I am afraid that the court will not approve Hongpu Chemical Company's forced bankruptcy. If there is a decline, HSBC's losses will be greater. Evidence."
"Okay." Reis smiled and shrugged, "Congratulations on successfully convincing me that your plan is indeed in the interest of the bank and is better than filing for bankruptcy."
After staying in the office for another 5 minutes before leaving, the two continued to the Standard Chartered Bank, intending to persuade the Bank to agree to their plan. As a result, he ran into trouble at Standard Chartered Bank and wanted to steal the money from Paramount Company.
"I think the two have already discussed it with HSBC, and the plan shouldn't be much different. I don't believe that Standard Chartered Bank's 5% stake in Hongpu Chemical Company and the 16 million yuan loan are missing. "Will Luo Sheng stop?" Liu Jiehui, Vice President of Standard Chartered Bank, said ruthlessly.
Hearing this, the faces of Luo Qihong and Liang Botao suddenly looked ugly. Who would have thought that Standard Chartered Bank would be such a rogue.
In a flash, Luo Qihong sneered and said, "What Liu Sheng said makes sense, but I only made a verbal agreement with HSBC and did not sign a contract. It can be revoked at any time."
"And I can join hands with HSBC and Bank of East Asia to let Hongpu Chemical Company issue a large number of new shares, so that the equity held by your bank will be infinitely diluted. I can even let Hongpu Chemical Company go bankrupt first, and then I will slowly take over. It's just a formality. It’s just a little troublesome.”
After saying that, Luo Qihong immediately greeted Liang Botao, “Liang Sheng, let’s go.”
Liu Jiehui thought Luo Qihong was playing hard to get. It was not until 2 minutes after Luo Qihong and Liang Botao left that Liu Jiehui began to wake up. He picked up the phone and asked his secretary to chase Luo Qihong and the two.
At the entrance of the elevator, the beautiful secretary ran out on high heels and said anxiously, "Luo Sheng, Liang Sheng, Vice President Liu, please go back and continue the discussion."
Luo Qihong said expressionlessly He waved his hand, "No, since Standard Chartered Bank is not sincere, it is better to let Hongpu Chemical Company go bankrupt. I will just look for another project."
The beautiful secretary wanted to say something else, but the elevator door had closed automatically. He had no choice but to go back and resume his life.
"Luo Sheng, do you really want to give up this project?" Liang Botao asked.
Luo Qihong pursed his lips and smiled and said, "Of course not! If Liu Jiehui doesn't come to talk to me in person, I will let reporters report the matter. I want to see if Liu Jiehui is willing to bear the pressure of public opinion?"
Liang Botao shook his head, "It's hard to say! It's common for people to bully customers in above-ground shops in Xiangjiang. The stronger party usually ignores such things."
Luo Qihong smiled indifferently, " It's still somewhat effective, and it's worth spending tens of thousands of dollars to vent your anger."
"Let's go meet the Bank of East Asia for a while." Luo Qihong walked out of the elevator.
"This was originally a win-win project, but Liu Jiehui is so greedy. He is really not suitable for a banking career." Liang Botao complained.
"That's fine, I can do it openly, dilute the equity a lot, and the stock price won't go up, but it won't have much impact on us, and we can even make more profits." Luo Qihong said cunningly.
Of course this is what he just figured out. New shares can be issued at low prices, especially when Hongpu Chemical Company is on the verge of bankruptcy.
He has already thought about it. Once he takes over Hongpu Chemical Company, he will immediately issue 100 million new shares, exclusively to him and HSBC at a price of 1 cent per share, so that Hongpu Chemical can The company has some capital turnover, and can increase its equity holdings and strengthen its control over the company.
When the stock price of Hongpu Chemical Company rises to a certain level, Luo Qihong will sell the stock, suppress the stock price, and then issue new shares to earn the price difference.
Drove to the Bank of East Asia. As soon as Luo Qihong explained his intention, Li Fushu immediately agreed after seeing the plan. After all, it was beneficial to both the Bank of East Asia and the Chinese Real Estate Company, and it was a win-win situation.
At this point, Luo Qihong has finally gained control of Hongpu Chemical Company.
While controlling the steering wheel, Luo Qihong said to Liang Botao, "Liang Sheng, when Paramount Company signs contracts with HSBC and Bank of East Asia, you must immediately announce the acquisition of Hongpu Chemical Company for me."
Liang Botao thought for a moment and said, "Does Luo Sheng want to use the reputation of acquisitions to raise the stock price? You don't want to issue new shares, or?"
"Paramount Company's capital turnover The situation is not very good, I need to raise the stock price to collect some funds to facilitate other projects of Paramount Company," Luo Qihong explained truthfully.
"How many shares of Hongpu Chemical Company does Luosheng already hold?" Liang Botao asked. Counting the shares of HSBC and Bank of East Asia, he only holds 20% of the shares.
"I don't have a single share at the moment. I have learned about the situation in the stock market. As long as there are sufficient funds, it is not a problem to absorb 40% of the stocks in three days." Luo Qihong said.
"That is also 60%. Luo Sheng still needs to pay attention to the proportion of shareholdings. It is best not to be less than 40%." Liang Botao thought of something and said, "Luo Sheng can sign a support agreement with HSBC Bank. Let HSBC not support others to control Hongpu Chemical."
"Okay!" Luo Qihong said, "Actually, I have talked with some small shareholders of Hongpu Chemical Company and they are willing to sell at market price. About 12% of the shares. "
"That's the best." Liang Botao nodded, and Luo Qihong still had a back-up plan.
Five days later, Luo Qihong signed a contract with HSBC and Bank of East Asia on behalf of Paramount Company to acquire the shares of Hongpu Chemical Company. Immediately afterwards, Wanguo Baotong Finance Company announced on behalf of Paramount Company that it would initiate an acquisition of Hongpu Chemical Company. .
(End of this chapter)