A dark single-row collar suit with a platinum brooch on the collar, shaped like an open grapefruit leaf.
Tang Man looked at the hazy figure reflected in the smooth elevator door, with his arms tied in front of him and a commuter bag in his hand, standing upright and dignified.
She has forgotten how many years it has been since she entered the company so solemnly. She only remembers that it was like this when she first entered the industry after graduating from college.
As the youngest newcomer in the group, he participated in a billion-dollar IPO project. I read the full text of the prospectus dozens of times to check for errors and omissions. My voice was so hoarse that I couldn't make a sound, but I didn't feel tired.
Because she just needs to do it, and eventually the leader will check everything.
"Ding."
Tang Man raised his fingers and slid them across his collar. As he walked out of the elevator, the elevator next door happened to open, and Su He appeared in a pair of stiletto heels.
The two of them looked at each other in silence as they walked through the corridor, nodded slightly in greeting, then turned around and walked into Taihe and Xiyou's offices.
"Mr. Su, LeTV has made a special announcement on major pre-market matters and conducted a debt financing transaction totaling US$600 million with six companies including Heilan Group." The assistant immediately stepped forward to report the work.
Major matters disclosed by listed companies are basically concentrated after the market opens. Other time periods will affect the stock price fluctuations of the day, so the exchange reviews them very carefully.
Only in extreme situations such as a certain brokerage trader's unfounded accusation that he placed a buy order of 20 to 30 billion, special announcements are allowed to clarify the situation.
LeTV's debt financing is to hedge against the risk of cash flow runs on suppliers, and has no substantial strong correlation with the stock price performance in the secondary market. The fact that it can be issued before the market shows that Jia Yueting's good friends have made another effort.
Su He sat at his desk. The electronic clock on the corner of the desk showed the time: 8:18.
“During the holidays, LeTV’s board secretary hinted that institutional investors will have major positive disclosures today?”
Her body leaned sideways and her legs were entirely supported by the soles of her feet. Her slender high heels were like sharp blades, gently shaking and trampling the floor.
The assistant's eyes were fixed on the desk: "The securities business team of the Singapore office has given the latest judgment that LeTV should announce major positive news after the market closes today, and it can be further confirmed that it is related to equity investment and asset injection."
"Isn't it difficult to judge?" Su He said lightly.
The assistant lowered his head unconsciously and then raised his gaze again, and added dryly: "The Financial News Agency reported in the morning report that Xingen Capital signed a package investment agreement with LeTV's business."
"Specific details?" Su He continued to ask.
The assistant squeezed out the toothpaste and said: "Xingen Capital's investment in LeTV Automobile and LeTV Zhixin (TV) business belongs to LeTV's unlisted system and does not involve the illegal disclosure of information by the main body of LeTV."
"Zeng Qiang thought he had made a lot of money."
Su He sneered sarcastically, and the electronic clock jumped to 8:25. She finally got up and walked out.
LeTV's strategy of disclosing major benefits is clumsy but effective. It first exploited the regulatory loopholes in the information disclosure of listed companies, and then released Xingen Capital's investment in unlisted systems before the market.
If the market does not buy it, or major negative news is revealed, major positive events involving LeTV entities will be disclosed after the market close, and the stock trading suspension will be triggered through equity investment and asset injection.
Closing the door will at least prevent the stock price from falling, threatening equity pledges. If this heavyweight risk is suppressed, it will not trigger a chain collapse.
Zeng Qiang thought that if he paid a small deposit for his investment intention, he would be able to ride on the wall and let the wind fall if he didn't get in. In fact, he couldn't escape easily if he got involved with LeTV.
Jia Yueting had to pull off his red pants to feel happy.
"Wait a moment, the signal fluctuates, re-debug the equipment."
Su He ignored the gossipy looks of many Xiyou employees and walked directly into Tang Man's office. The latter leaned on the desk with his arms folded and greeted him proactively.
She looked around to find a place to sit. She hesitated for a moment when she caught a glimpse of the other person's solemn appearance, then moved closer and stood side by side with him.
"Sorry, I'm late. The signal here in Los Angeles is a bit poor."
The online conference equipment was connected. Xie Jingxing opened the meeting briefly on the big screen and then entered the topic: "Will LeTV suspend trading?"
"It's basically certain." Su He responded without hesitation.
Xie Jingxing anticipated this and directly issued an order to Tang Man: "Then make sure that LeTV's stock price drops to the limit today, and there is no need to continue with the put options. Go contact LeTV's individual shareholders and prepare to collect the corpses."
"Isn't it a bit early? LeTV can delay it for a long time by suspending trading."
"I will return to China the day after tomorrow and strive to reach a reconciliation with Jia Yueting as soon as possible."
There were some things that were difficult to talk about in the online meeting. Xie Jingxing explained vaguely, thought for a while and emphasized: "The longer LeTV delays, the more serious the blood loss will be. In the end, it doesn't make any sense for us to take over an empty shell."
"It's 8:40, are the reports still sent out?" Su He touched his wrist and asked.
The screen suddenly freezes. Xie Jing Xing is mouthing like a lunatic. There is no sound and nothing can be heard.
Tang Man frowned and looked serious: "Mr. Xie is too relaxed about this project. I need to give him some advice when he comes back."
"Ignore him when the rebellious period comes. We will carry out the plan."
Su He took out his cell phone and sent a message to his assistant. Tang Man followed suit, and the short-selling report that had been brewing for the entire holiday was easily thrown into the market.
[LeTV investigation report. 】
High-end ingredients often only require the simplest cooking methods, and the titles are not eye-catching. They were published on the official websites of Grapefruit Capital and Taihe Capital respectively.
Clicking on the official website link automatically pops up the full text of the report, with a line of small words in the upper right corner - This report is provided by an anonymous person from an unknown source and does not constitute any investment advice.
LeTV had indeed committed all three crimes of financial fraud, asset transfer, and fraudulent financing, but the time was short and the task was heavy, so Su He did not collect much evidence.
The detailed data in the report, illustrated with pictures and text, are all made up based on head-scratching.
She excerpted parts of the report and sent them to several media outlets, including Caixin. She had no intention of using them as a weapon, but rather confused the source of the report to reasonably avoid risks.
"The report can be sent."
Less than a minute after the report was sent out, a sound came from the online meeting. Xie Jingxing nodded his chin, and Tang Man and Su He fell silent in front of the big screen.
He scratched his hair helplessly: "Hey, can you hear me? The signal here is good. Are you stuck?"
"Mr. Xie, we are working on a project worth tens of billions. Maybe you should be more serious." Tang Man felt very uncomfortable.
Xie Jingxing was very puzzled: "Aren't you two worthy of my trust?"
"..."
"It's now 5:30 in the afternoon in Los Angeles time. I'm going to open a bottle of red wine and have dinner, then watch the Clippers play the Warriors at home, and talk to Powell about investing in the team."
Xie Jingxing grabbed a Clippers baseball cap from outside the screen and put it on his head: "And now, you two, hurry up and twist off Jia Yueting's head, don't let him live on."
"If I can't unscrew his head, I will die in front of your office when I return home. No one can persuade me."
The screen was interrupted as the words fell. Tang Man felt his face burning, and Su He also turned blue.
Foolish king!
Su He was so angry that his chest hurt, and he returned to Taihe's office all the way, wishing that the high heels under his feet were stepping on Jia Yueting's skull. "Don't let him live!" Tang Man picked up the landline phone and his voice was sharp and sharp at the end.
…………
"LeTV's seven major risks, the true financial revenue is a mystery. 》
"LeTV's Five Years of False Prosperity. 》
"Three Sins of LeTV"
At 9 o'clock sharp, blockbuster special news reports suddenly appeared on the Internet one after another. China Business News, Caixin Media, Economic Observer, and many mainstream professional financial media published articles together.
Among them, Caixin Media reported the most extensive content, citing LeTV’s three crimes, from financial fraud to fraudulent financing, each of which was shocking.
At 9:15, the stock market entered the call auction stage. LeTV's stock price opened flat and slightly red, and was not affected by the negative news.
The market instantly entered a state of incapacity and was unable to absorb the negative news. Hundreds of thousands of retail investors were at a loss and found it difficult to receive information and make timely investment decisions. LeTV stock trends relied on market inertia.
At the same time, a second wave of bad news followed. Internet celebrity self-media, senior investors, financial practitioners, and countless individuals who exist in a molecular way on the Internet used comment information with two web links, such as missiles to clean the ground. Bombing all online platforms indiscriminately.
Weibo, Toutiao, WeChat subscription accounts and Moments, and even the public chat channels of the game Jian Wang Three Worlds, there are sporadic swipes of the century liar pretending to escape punishment!
The huge number of visits to the homepage of Taihe Xiyou's official website by clicking on the link caused the first batch of visitors to fail to download the original text of the investigation report, and the website crashed.
At the moment when the landslide and the earth are shattering, the first trading day after the holiday finally ushered in the official opening. Thousands of sell orders were placed, and it took 20 minutes for the stock price to fall to the limit.
Fifty thousand, sixty thousand, seventy thousand.
The number of sell orders below the daily limit was visible to the naked eye. Hundreds of thousands of retail investors holding LeTV stocks were killed and buried by the raging mudslides, and no one survived.
"Chairman, Chairman, our funds to protect the market must be mobilized!"
In the LeTV headquarters building, Secretary Zhao Kai rushed into the office on the west side of the 14th floor with a pale face and screamed miserably.
Vice President Liu Hong suddenly grabbed his collar and yanked hard: "Is it useful to protect the market now? How much capital do you have to take over retail investors' orders? Don't panic!"
"There are no retail investors, but all are large orders. Our major shareholders, Industrial Bank and Central Huijin, are reducing their holdings and selling!"
Zhao Kai in turn grabbed Liu Hong's arm and shook him, shouting at Jia Yueting who was sitting in front of the computer: "If we let them seal the limit like this and drive panic among retail investors, we are really hopeless. Sue Taihe Xiyou.com Only by deleting the short-selling report and raising the price limit can other investors be temporarily appeased.”
"We have only prepared a total of 500 million yuan to protect the market. Can you guarantee that the price limit will be raised?" Yang Lijie, the financial director on the side, screamed at the top of his voice, not to be outdone.
Zhao Kai was speechless after his face was sprayed with saliva. How could he guarantee it? How dare he guarantee it?
Upon seeing this, Yang Lijie turned to Liu Hongliang without any hesitation and said: "Anyway, it has already dropped to the limit. After today's closing, we will announce a major positive news and suspend the trading. Just make the mistake right and transfer all the funds to protect the market to me, provide guarantees to ensure the liquidity of the book funds, and prevent banks from Tightening of credit facilities and runs on suppliers ”
"Okay, you two, stop arguing!"
Liu Hong saw that her throat was opening and closing in her open mouth, like two dark holes, and he couldn't help but feel pain in his head.
"It is no longer a matter of us announcing major positive news and suspending trading. The regulator will immediately send us a letter of inquiry to explain the unclear financial issues alleged in the Taihe Grapefruit investigation report. The regulator will immediately set up an investigation team to settle in the company."
Zhao Kai weakly introduced the situation: "Even if the stock is forcibly suspended and cannot be traded, there are other debt financing, equity pledge financing, and related guaranteed financing. These will still kill us, and it will be all over by then."
< br>
"Then what do you want to do? Let the legal department tell you, how sure are the legal departments of suing Taihe Xiyou and getting the media that spread rumors and cause trouble to delete the articles? Let me tell you, don't blame others in a weird way. Finance is not my business alone. If you have the ability, explain it to the supervisor.”
Yang Lijie looked at Jia Yueting in the distance again, and became more and more excited as he spoke: "Cash flow waits for no one. I can't deduct bank drafts from suppliers and prevent them from cashing them in the bank. Issues such as equity pledges are all It’s administrative, so I’m looking for a relationship with whom I can talk…”
"I said okay, stop fucking screaming!" Liu Hong interrupted with a ferocious look on his face.
When a disaster is approaching, there is no one to think about. The financial director only thinks about the financial crisis, and the secretary to the board of directors only cares about the difficulties of the secretary to the board of directors. What kind of conduct does he have to worry about his head and body?
If the LeTV tree falls, no one can escape.
"Let me ask you, why are Industrial Bank and Central Huijin so violent and unskilled in smashing the market? How many tens of thousands of shares can they sell?" Liu Hong asked, yelling at his two stupid pig teammates.
"According to common sense, they should buy and sell at the same time, but both of them signed put options with Grapefruit Capital...to smash the market?"
Zhao Kai's eyes regained some clarity and he jumped out of his habitual thinking and said: "Yes, smash the market! They had an under-the-table transaction with Xie Jingxing. They did not intend to reduce their holdings and run away. They deliberately cooperated with Xie Jingxing to smash the limit!"
"Is there any evidence?" Liu Hong pressed his shoulder excitedly.
Zhao Kai felt weak: "I guessed."
"The stock price has dropped to the limit. Don't think about random things. Now go investigate Xie Jingxing's transactions with Industrial Bank and Huijin. Let's ask the two funds of Agricultural Bank of China first. Xie Jingxing must have also approached them."
Liu Hongping calmly resisted the urge to slap him to death, and arranged the work in detail: "Except for this matter, I will receive inquiry letters from supervision at any time and report to me and the chairman at any time. Go and get busy!"
"And you, Director Yang, go find your public relations and legal colleagues to jointly draft an internal stability statement. Send our current key financial data and the plan to inject LeTV Pictures' high-quality assets into LeTV.com to banks and suppliers." Shang explained the situation to them. ”
Liu Honghu's face was sullen and his eyes were bulging. Yang Lijie glanced at Jia Yueting from the corner of his eye, seeing that he had no intention of supporting her, and he reluctantly swallowed his grievances and complaints without daring to prick.
"We have to convene the relevant shareholders' meeting first, otherwise we will be held accountable by regulators for leaking important information." Zhao Kai was panicked, and he was quite professional.
Liu Hong's neck was full of blue veins and he yelled loudly: "The child is almost drowning in the water. Do you still have time to remember to change his diaper? Go and prepare for the shareholders' meeting now, get out, both of you!"
As soon as the short-selling report came out, Xingen Capital's private placement of shares will definitely not be able to count on the major benefits. We have to use the guarantee of LeTV Pictures to go around. I hope it can be used.
The office door closed and Liu Hong let out a deep breath.
"Old Liu, come here." Jia Yueting waved expressionlessly.
Liu Hong stepped forward and poked his head to look at the full version of the short selling report displayed on the computer screen: "What did you find?"
"Carry my bowl and smash my pot."
Jia Yueting gestured with his arms, his fingers twitched and his voice trembled: "The short-selling report has 74 pages and tens of thousands of words. It has detailed content and rigorous charts, but there are no more than 10 accurate data."
"What does this mean? Xie Jingxing didn't get our real data at all. It was completely fabricated, but he knows our internal situation very well."
He gritted his teeth and concluded: "The company is rotten from top to bottom. Except for a few of us, everyone else cannot be trusted. They betrayed the company!"
"Call Xie Jingxing. I want to ask him how much money he spent to bribe everyone from shareholders to senior executives to betray me." The corners of Jia Yueting's eyes were red and slightly moist.
Liu Hong's throat tightened for a moment: "Chairman, we haven't reached this point yet!"
"I know, listen to me and call Xie Jingxing. Since he is willing to spend such a big sum of money, he must have something to ask for. Let me talk to him." Jia Yueting smiled.
Liu Hong had no choice but to do as he was told. Xie Jingxing's phone number couldn't be reached, and his assistant's phone number was hung up. After much deliberation, he tried to find the number of Su He, a partner of Taihe Capital, through his friends.
"I am Jia Yueting. Tell Xie Jingxing right away that he has crossed the line by deliberately forging a short-selling report."
"Have you removed the vaginal plug in your mouth? Don't open your mouth to urinate or defecate."
"Little girl, Xie Jingxing didn't teach you how to be a good person, I will teach you. Sometimes some things are free to testify. Do you think there is nothing you can do about an anonymous person playing rogue tricks?"
The female voice on the other end of the phone was stagnant, and then asked even more arrogantly: "What, are you not convinced?"
The boss acts like a rogue, and the subordinates also act like rogues, which is very honorable. (End of chapter)