20 years of restarting life

Chapter 3890 The Dilemma of the Single-Sister Clan
“It’s simple. We’ll drive up the company’s stock price. Xu Lilian herself has admitted that she’s lost far more than 18%. So let’s take advantage of her selling off her shares at a loss and buy them up, crushing her losses and not giving her a chance to recover.”

Shan Qiang sneered, "The current stock price is 24.8. It shouldn't be too difficult for us to raise the stock price to over 40 yuan. At that time, not only will we make a fortune, but when Zhongcheng sees the stock price rise again, those shareholders will be able to tear Xu Lilian apart, and she will naturally be unable to sit in her position."

Everyone's eyes lit up when they heard this.

“But where am I going to raise so much money all at once?” Mu Yongjin pondered for a moment and said, “I can only come up with a maximum of seven million before the market opens tomorrow morning.”

The reason he rushed over so urgently today was not only because he had a good relationship with Shan Qiang, but also because he received a call from the bank right after the stock market closed in the afternoon.

At the end of last year, Mu Yongjin and his associates, in order to acquire 9% of the non-tradable shares of Luyuan Group, invested a total of 50 million yuan in two separate transactions, the first for 3 million yuan and the second for 1.5 million yuan, based on a valuation of 4.5 billion yuan, and then injected the funds into a newly established company to hold shares.

Mu Yongjin holds 30% of the shares, Xie Shaoxin and Luo Jinsheng each hold 20%, and the Shang siblings each hold 15%.

The corresponding capital investments were 1.35 million, 9000 million, and 6750 million respectively.

In reality, none of them had that much capital, and the solution they adopted was to borrow money from banks based on a valuation of 60 billion.

Mu Yongjin took out a loan of 1.62 million yuan. He gave 1.35 million yuan to the Suzhou Group and invested the remaining 2700 million yuan in his company in South China.

When the total market value of Green Garden Group fell below 50 billion, Mu Yongjin, Luo Jinsheng, and three others received calls from the bank. Although they did not explicitly say that they were urging the return of collateral, they only expressed their concerns about the stock price. However, as businessmen, they naturally understood the meaning behind the calls.

Currently, Green Garden's total market capitalization is 41.4 billion yuan, and the discount on non-tradable shares is even more significant, barely reaching 70% of the original price. The Green Garden shares I hold are worth at most 7624.6 million yuan.

This time, the bank explicitly required Mu Yongjin to provide additional collateral or find a reputable guarantor.

Feeling deeply offended, Mu Yongjin laughed angrily and threatened, "Or should I get Boss Shan to vouch for me?"

What almost broke his nerves was that the business manager on the other end of the phone cautiously smiled and refused, saying that because Shan Qiang, Mou Yongjin, Luo Jinsheng, Xie Shaoxin, Shang Zeyuan, and Shang Wanru had already acted as guarantors for loans, another influential person had to guarantee this loan.

The business manager on the phone sounded pleading and tearful, saying that the main problem was that the branch was lending too much money on equity collateral to Green Garden, and the branch couldn't bear such pressure. Moreover, if bad debts were to occur, the higher-ups would find that the procedures before and after the loan disbursement were incorrect, and the business managers responsible for the loan would have to go to jail.

Although Mu Yongjin was furious, he knew that what the business manager said was true.

All of Shan Qiang's loans over the past few years, and the loans taken out by the five of them this time, were obtained from this credit union. They borrowed 5.4 million yuan, and Shan Qiang borrowed more than 3 million yuan in total, adding up to nearly 9 million yuan.

If this money goes wrong for a district or county-level credit union, the entire leadership of the credit union, the loan officers who actually made the loan, and the personnel who reviewed the loan qualifications will all be implicated.

Mu Yongjin, who is over fifty years old, certainly understands the principle of 'each side has its own position'. If it were him, he would definitely be more demanding and more urgent than this business manager.

Upon arriving, he first spoke with Xie Shaoxin and Shang Zeyuan, who were waiting at the airport. All of them received the same call, as did Luo Jinsheng.

That's why they waited together at the entrance of Green Garden for Luo Jinsheng to arrive. The five of them discussed for more than ten minutes and came to the conclusion that the best solution at present was to immediately stop the decline in Green Garden's stock price, otherwise things would really get complicated.

They had no doubt that a bank driven to desperation would dare to sell off their shares, which they had pledged as collateral, at a loss to cut their losses.

If that happens, not only will all their Green Garden shares be wiped out, but they will also owe the bank a large sum of money.

That's when things will really get complicated. So no matter what, they have to stabilize Green Garden's stock price tomorrow, and at least push it up a bit.

"That's fine. I also have a claim on the sale of Rose Group's debt. I've contacted the bank, and they'll complete the debt mortgage tomorrow morning. The entire 5600 million yuan will be in my account."

Looking at everyone in the small conference room, Shan Qiang said, "The group's stock price has been steadily declining from 48 yuan before the Lunar New Year to 24.8 yuan today. In fact, if Xu Lilian hadn't suddenly dumped the stock this morning, the stock price would have already bottomed out, and a retaliatory rebound would have followed. As for the group's finances, all of you here are shareholders, so I don't need to elaborate. The current performance and other data are even better than when the total market value was 80 billion last year."

"There's no reason why the stock price shouldn't rebound. Even if it can't reach 48 yuan again, 40 yuan should be the bottom line. If we invest 10 million yuan now, it won't be long before it becomes 16 million yuan. This event may seem like a crisis, but it's actually an opportunity for us to make a fortune!"

Upon hearing that Shan Qiang could come up with 5600 million, Mu Yongjin, Luo Jinsheng, and the other three felt a sense of relief, as if the sharp sword hanging over their heads had moved a little further away from their foreheads.

Knowing this was a crucial moment and that he had to strike while the iron was hot, Mu Yongjin immediately responded with a high-profile statement: "Then I'll take another 300 million, making it 1000 million, and earn this 600 million!"

"Wanru and I will also contribute 1000 million."

Shang Zeyuan quickly added, "We'll each earn 300 million."

"I just saw a limited edition sports car that I like, it costs exactly 300 million."

Shang Wanru said with a smile, "I'll place the order with the 4S store tomorrow."

"I'll offer 600 million, but the money will arrive a little later, no later than tomorrow afternoon."

Luo Jinsheng stated that he was in the business of manufacturing, unlike the Shang siblings, who, although they didn't have much capital, could readily provide it.

Seeing everyone looking at him, Xie Shaoxin gritted his teeth and said, "I can only raise 200 million at the moment, but I agree with Boss Shan's judgment. Even if I have to sell everything I own, I will raise 600 million in the next few days and earn this 180 million."

In the blink of an eye, the six of them had raised 7400 million. Although they were still some distance from being able to acquire the 3% stake that Zhongcheng was offering, they were already close.

If we were to buy them all at the current price, it would cost 1.24 million. But if we wait until the price hits a consecutive limit down, it would only cost 1.118 million.

It's only about 7400 million away from 3800 million.

"Tomorrow we can wait until it hits the daily limit down before pulling it up. That way, we'll only need 3800 million to break the trading halt."

Shan Qiang looked at Yu Yuanxi and the other four.

All five of them fell silent.

Don't be fooled by their loud and boisterous demeanor and the fact that they make money in business. These guys indulge in drinking, gambling, whoring, luxury cars, mansions, and all sorts of extravagant spending. Each of them has a mistress, and they spend as much as they earn.

They have five or six million in cash on hand, and two or three million in less, but if they take this money out, their companies will have to shut down.

"What, all talk and no action, but no real fighting?"

Mu Yongjin looked at Yu Yuanxi with a naturally noble, superior smile on his lips.