RPAGF Chapter 372 Continuation
Chapter 372 Continuation
"15%? Hongpu currently holds less than 20% of the shares. Even with this 15%, it would only be 35%, which isn't even enough to secure a relative controlling stake. How can they talk about taking the initiative?"
Shen Xing immediately responded.
"But that's enough to make Hongpu the largest shareholder! Century City only has 23%, and the Landlord Association's rabble is nothing to worry about."
"Young Master Shen is quite shrewd."
Jiang Tiansheng had sharp eyes.
"Let us buy it at a high price, and you and your son will reap the benefits. We'll wait until we and Century City are both exhausted before we come out to clean up the mess?"
Shen Zhou's expression changed slightly, but he quickly regained his composure.
"Mr. Jiang, you're overthinking it. Best Inc. is currently heavily indebted and its stock price has plummeted. I just want to find a good home for the company."
"A good home?"
Lin Luoqi scoffed.
"When Chairman Shen cashed out 42% of his shares, why didn't he think about the company's future?"
Shen Xing's eyes were filled with anger, but her father held her wrist down.
Li Yude spoke up at the opportune moment.
"Chairman Shen, we will only acquire the company at the price before the acquisition battle. Please think it over carefully. Right now, apart from Hongpu, no one dares to take over this mess that is Best Inc.
Shen Zhou was silent for a moment, then suddenly laughed.
"Mr. Li, you're so confident? Then let's talk another day."
He then made a move to get up.
Jiang Tiansheng took a sip of tea.
"Please go ahead, Mr. Shen. However, I should remind you that when the market opens tomorrow, Best Inc.'s stock price may fall below the issue price."
Shen Zhou froze. Shen Xing hurriedly whispered in her father's ear, but was interrupted by Jiang Tiansheng.
"Young Master Shen, there's no need to trouble yourself. Century City is struggling to survive; half of their 23% stake is pledged to banks."
Jiang Tiansheng put down his teacup.
"Now, the only one who can save the world is Hongpu."
Silence fell over the meeting room once again. Fine beads of sweat appeared on Shen Zhou's forehead; he knew he had fallen into a disadvantageous position.
"dad…"
Shen Xing wanted to say something, but her father raised his hand to stop her.
"it is good!"
Shen Zhou gritted his teeth and said.
"We'll go with the price you mentioned. But I have one condition: the contract must be signed today."
Jiang Tiansheng and Li Yude exchanged a glance and smiled victoriously.
"make a deal."
In the conference room of Wanguobaotong Finance Company, a projector displayed the equity structure diagram of Bestway Real Estate on the screen.
Liang Botao circled several key data points with a laser pointer.
"Everyone, we now hold 26.1% of the shares, which is slightly higher than Century City's 23%, but the advantage is negligible."
Lin Luoqi loosened his tie in frustration.
"If you ask me, we should just throw money at the stock price and drive it down to 0.8 yuan, forcing Century City to cut its losses!"
"Do not act rashly."
Li Yude frowned.
“A rash move to suppress the stock price would attract the attention of regulators.”
Jiang Tiansheng lightly tapped the table with his fingertips.
"Mr. Liang, how is the negotiation plan with Century City progressing?"
Liang Botao switches slides.
There are two options.
First, the business will be split 50/50, but we will take control of Best Inc.; second, a new company will be established to jointly develop the land, with the operating rights given to Century City.
"What? You're giving up the operating rights?"
Lin Luoqi suddenly stood up.
"Then what's the point of all this trouble?"
Li Yude also shook his head.
"The second option would significantly reduce our vested interests, and I disagree with it."
Jiang Tiansheng's gaze swept over the crowd.
"What are your suggestions? Should we continue to stall and wait for Century City to make the first move?"
Liang Botao pushed up his glasses.
"I suggest we first release information through the media to suppress Century City's stock price, while preparing sufficient funds. We should negotiate, but we should also be prepared for a strong offensive."
"I'll handle the media arrangements."
Li Yude nodded.
"But funding is a problem. Hongpu is currently experiencing a cash flow shortage."
Jiang Tiansheng suddenly laughed.
"Don't worry about that. I've already contacted overseas investors, and they can inject 10 billion yuan at any time."
Everyone looked at him in surprise.
Lin Luoqi couldn't help but ask.
"What conditions?"
"Normal interest rate, plus priority cooperation rights for three future projects of Best Inc."
Jiang Tiansheng said it casually.
Li Yude frowned.
"That's quite a price to pay..."
"The business world is like a battlefield; you can't catch a wolf without risking your cub."
Jiang Tiansheng walked to the window.
"Gentlemen, our current situation is like walking on a tightrope; one wrong step and we will lose everything."
…………
He turned around.
"Either take the risk or wait to die. Which do you choose?"
At dawn, the electronic screens of major securities companies display data.
Best Inc.'s stock price plummeted another 10%, teetering on the brink of collapse at 1.02 yuan.
Liang Botao stood in the trading hall of Wanguobaotong, staring at the constantly changing numbers, his fingertips lightly tapping the table.
"Almost there..."
He muttered to himself, a glint in his eyes.
The trader next to me couldn't help but ask.
"Mr. Liang, should we make a move now?"
"Not urgent."
Liang Botao shook his head.
"We'll harvest our profits when it falls below 0.8 yuan."
Meanwhile, in the trading room of Zhaoan Real Estate, several traders were excitedly high-fiving and celebrating.
"Mr. Bai, we made a net profit of over two million by buying low and selling high this time!"
A young man wearing black-rimmed glasses excitedly reported.
Bai Jinyan stood in front of the floor-to-ceiling window, took a sip of coffee, and smiled.
How much cash is currently in the account?
"It's over 28 million, Mr. Bai."
"very good."
Bai Jinyan put down her coffee cup.
"Notify the Human Resources Department that I will submit my resignation to Sun Hung Kai Properties today."
At midday, the air was filled with the gentle fragrance of sandalwood incense in a secluded teahouse.
Jiang Tiansheng is brewing a pot of aged Pu'er tea, the tea soup having an amber color.
"All the documents have been processed, and the office space has been rented on the 18th floor of Building B in Financial Street."
Jiang Tiansheng pushed a cup of tea in front of Bai Jinyan.
When will your team be available?
Bai Jinyan took the teacup and gently inhaled the aroma of the tea.
"They'll all arrive within a week, and..."
He paused.
"I will bring over a few high-quality clients."
Jiang Tiansheng's eyes were filled with admiration.
Is the business clean?
"There is absolutely no dispute."
Bai Jinyan smiled confidently.
"However, Mr. Jiang, how does De'an Securities plan to open? Should it be low-key or...?"
"Low-key."
Jiang Tiansheng said firmly.
"Now is not the time to be ostentatious."
Bai Jinyan frowned.
"The securities industry relies on reputation; how can you attract clients without exposure?"
"The Yuantai Residential Building project is enough to make a name for itself."
Jiang Tiansheng took a sip of tea.
"Besides, inviting well-known guests now would be too conspicuous."
Bai Jinyan pondered for a moment, then finally nodded.
"Okay, we'll do as General Manager Jiang says."
"correct.
Jiang Tiansheng suddenly changed the subject.
"The main purpose of De'an was to take over the securities business of its subsidiaries."
Bai Jinyan's eyes lit up.
"And my shareholding percentage..."
"I'll give you 5% now."
"Jiang Tiansheng said slowly and deliberately."
“Once the company’s assets exceed 1500 million, you can use 5 million to acquire another 5%.”
"make a deal!"
The two held hands tightly on the tea table, and the aroma of tea filled the air with a sense of tacit understanding.
In the afternoon, at an emergency meeting of Hongpu Real Estate.
"latest news."
Liang Botao's voice was low and deep.
"Century City persuaded Xinchang Real Estate to resell 7% of its shares, and now they hold 31%, surpassing us."
"what?"
Lin Luoqi slammed his hand on the table and stood up abruptly.
"That old fox from Xinchang! He clearly promised to remain neutral!"
Li Yude frowned as he looked at the report.
"What do we do now? Continue acquiring from the secondary market?"
Jiang Tiansheng stood by the window, his back to everyone.
"A two-pronged approach."
While continuing to acquire shares, they also...negotiated with Century City.
"negotiation?"
Liang Botao shook his head.
"How could that stubborn old man Wang Jianwen possibly back down?"
Jiang Tiansheng turned around, his eyes sharp.
"How will you know if you don't try?"
In the top-floor conference room of the Century City Tower, floor-to-ceiling windows offered a spectacular view of the entire financial district. Wang Jianwen sat in the main seat, with two assistants in sharp suits standing behind him.
"It is an honor to have General Jiang grace us with his presence."
Wang Jianwen said with a forced smile.
Jiang Tiansheng led Li Yude and Liang Botao to their seats and got straight to the point.
"Mr. Wang, how about we discuss a deal? We'll split Bestway Real Estate in two, and we'll take control."
Wang Jianwen laughed heartily.
"Mr. Jiang is joking. We currently hold the majority of the shares, so why should we let you take control?"
Liang Botao interrupted.
"Mr. Wang, Best Logistics is a complete mess right now, why bother..."
"A mess?"
Wang Jianwen sneered.
"Then why are you Hongpu so persistent in your pursuit?"
Negotiations have stalled.
Li Yude quietly observed Wang Jianwen's expression and suddenly spoke.
"Is Mr. Wang interested in Best Logistics' properties in Central?"
Wang Jianwen's eyes showed surprise, but he quickly regained his composure.
"President Li certainly has a discerning eye."
Jiang Tiansheng seized the opportunity.
“If Mr. Wang is willing to transfer some of his shares, we can consider selling Zhonghuan Property.”
"Not just Central."
Wang Jianwen squinted.
“I also want those two development sites in Tsuen Wan West.”
Liang Botao immediately objected.
"Then Baishi will be nothing but an empty shell!"
The atmosphere in the meeting room grew increasingly tense. The two sides engaged in a heated debate for over two hours.
A complex agreement was reached in the presence of lawyers from both sides.
Best Property sold its Central property and two sites in Tsuen Wan West to Century City at 85% of market price;
Hongpu Real Estate acquired a 16% stake in Best Inc. from Century City at a 10% premium.
The two parties signed a joint statement to jointly boost Best Inc.'s stock price.
After the signing ceremony, Jiang Tiansheng stood in front of the floor-to-ceiling windows of the Century City Building, overlooking the lights of the financial district.
Li Yude walked to his side and whispered.
"Mr. Jiang, what are the next steps?"
Jiang Tiansheng smiled.
"Zhaoan Real Estate should take over the equity of Best Property."
Lin Luoqi was somewhat excited.
“Zhaoan currently has 2800 million in its accounts, which is just enough to acquire this portion of the shares.”
Li Yude frowned.
"But Zhaoan's cash flow is not strong. Will taking over rashly affect its subsequent operations?"
Jiang Tiansheng said calmly.
"I'll take care of the funding."
That evening, Jiang Tiansheng personally borrowed 3000 million yuan and injected it into Zhao'an Real Estate to ensure the smooth progress of the acquisition.
Three days later, Lin Luoqi officially took over Best Property as executive director and general manager, and announced the issuance of new shares to Dehe Real Estate and Zhaoan Real Estate to raise funds.
The news caused an uproar in the market.
Dean Securities opened quietly, without a ribbon-cutting ceremony or media interviews, with only 19 employees and an initial business volume of 4000 million yuan.
Bai Jinyan stood in front of the floor-to-ceiling window of his new office, looking at the bustling traffic of Financial Street, a slight smile playing on his lips.
"Mr. Jiang, what's the next step?"
Jiang Tiansheng sat on the sofa, tapping the armrest lightly with his fingertips.
"Let the news about the Yuantai residential building spread first."