The wealthy entrepreneur: I want to support millions of employees!.

Chapter 1047 Wanlong Securities Makes the News! Future Performance to Be Last!

Su Yang didn't wait for Dou Lirong to bring the script over. He casually picked up the news his secretary had collected and glanced at it. He saw that Wanlong Securities was on the financial news.

This securities company has gotten into trouble again; one of its branches in Anhui Province has been publicly criticized by local officials!
He then realized that he hadn't been paying attention to this brokerage firm for a while.

I recently took a quick look at the internal financial report, and it seems there are some losses!
Since he realized last August that controlling the securities firm was out of the question, he settled for a 5% stake and waited for an opportunity.

At the beginning of this year, Wanlong Securities released its financial report for last year. Thanks to the recovery of the stock market in September last year, the company turned a profit and its profits increased by more than 200%.

Wang Helin, chairman of Helin Group, even joked with him that Wanlong Securities' valuation was about to increase... He got a good deal by buying 5% of Wanlong Securities' shares in August!
Su Yang thought about it carefully again and realized that he seemed to be qualified to acquire this securities company.

The company's requirements are 500 billion yuan, with net assets of no less than 200 billion yuan. He has now taken control of Gaoxing Retail.

Although this company's market capitalization in the Hong Kong stock market is only 20 billion, it can still be valued at 45 billion to 50 billion if properly assessed.

After all, this company's physical assets, such as properties and shops, alone exceed 20 billion!

In addition to Jufan Holdings' other subsidiaries and a large number of private equity funds, it shouldn't be too difficult to assess net assets at 20 billion or 50 billion.

and so……

Su Yang then tried a business simulation and discovered that if Jufan Holdings controlled Wanlong Securities, there was a high probability that the approval from above would be obtained.

If Yuanshi Investment takes control, that won't work!
He's not a stubborn person. At worst, Jufan Holdings can take over the controlling stake, Yuanshi Investment can take a portion of the shares, and Yuanshi Investment can handle the daily management debts!
He also noticed that he seemed to be able to slightly lower Wang and Lin's price!

Then, to his surprise, he discovered that after acquiring Wanlong Securities, even after he removed all its special advantages and left it to its own devices, Wanlong Securities still managed to become the worst-performing company in the industry…

"First month:..."

"The second month:..."

"..."

"Fifth month: All securities companies nationwide have released their financial reports, and Wanlong Securities has become the only securities company in the country to report a loss..."

He took a deep breath, his eyes filled with confusion!

How did Wang Helin manage to do it?
How did the executives at Wanlong Securities manage to do that?
Moreover, Wanlong Securities is by no means the weakest in the country.

Although it is far from being a domestic securities giant, it is still one of the few securities companies in the industry with a full range of licenses, and its main business is located in Guangdong Province and Shenzhen, where it has been deeply rooted in the Pearl River Delta region for many years...

Even with all that, it still managed to be the worst performing company in the entire industry, and the only one to lose money. He was truly amazed!
He recently learned that the company was losing money, but he didn't think much of it!

But to his utter surprise, they were the only ones in the entire industry that were losing money...

He recalled the report he had received from the person he had placed at Wanlong Securities; the company was indeed utterly rotten!

Su Yang rubbed his eyes, feeling both annoyed and amused!

Although he initially invested with the aim of acquiring Wanlong Securities and did not expect to make any money or receive any dividends, he never imagined that the company could be so bad!

Isn't Wang Helin a financial tycoon in the Pearl River Delta?
How did it become so bad?
He doesn't expect the other party to be outstanding, but at least they can't be the worst in the industry!

He now understood why those two local government-owned companies were so eager to sell their shares and run away!

After thinking for a moment, he dialed Wang Helin's number again.

"Mr. Su, what can I do for you?" Wang Helin's laughter came quickly from the other end of the line. "You wouldn't be thinking of acquiring Wanlong Securities, would you?" "Mr. Wang, how about... you return my money, and I'll give you back your Wanlong Securities shares?"

"Uh..." Wang Helin was also taken aback when he heard Su Yang's words. "What do you mean?"

"Didn't President Wang say last time that Wanlong Securities' profits increased by 200% in the second half of last year, and that I took advantage of you?" Su Yang said in a low voice, "I feel really guilty now. You return that 320 million to me, and I'll return 5% of Wanlong Securities' shares to you. How about that? I won't even ask for the interest!"

"Hiss~ There's definitely no way I can get back the shares I sold; the authorities have already approved it!" Wang Helin took a deep breath and said, "Mr. Su, have you heard any news?"

"no!"

"To be honest, Mr. Su, we've known each other for a long time!"

"Alright! I heard that our two local small securities firms are making a profit, and even the securities firms in Tibet are making a profit!" Su Yang pretended to hesitate for a moment before saying, "The stock market is doing very well right now, it seems like only Wanlong Securities is losing money!"

"you sure?"

“Of course!” Su Yang affirmed. “I also work in finance, and I have quite a wide network of contacts in the securities industry!”

"Ok!"

"Mr. Wang, tell me the truth, have you really been running Wanlong Securities properly?"

Su Yang's words were accusatory and somewhat impolite.

Wang Helin said in a low voice, "President Su, you have to believe me, of course I'm seriously working on this!"

Su Yang narrowed his eyes slightly, clearly able to hear that Wang Helin was somewhat weak!
"I hope so!"

After hanging up the phone, Wang Helin's face was ashen.

He was somewhat annoyed by Su Yang's questioning, but not particularly angry!

After all, the other party is no longer what it used to be; he is now the chairman of a leading listed company.

If we're really talking about strength, Wang Helin is far inferior to Su Yang now.

Moreover, the other party is also a shareholder of Wanlong Securities, and they certainly have the right to question him, the chairman, if they are dissatisfied with the company's operations!

He stared at the pine and cypress trees in the courtyard and murmured, "Is Wanlong Securities really that bad?"

After thinking for a moment, he called a few old friends who had shares in private, unlisted securities companies!
The scale of privately-owned securities companies in China is not large. Because everyone's performance used to be at the bottom, the relationship was relatively good, and they would occasionally get together.

He couldn't get any information about the other party's performance, but he could at least ask whether they were making a profit or incurring a loss.

Since they're not listed companies, it won't affect the stock price.

After asking around, Wang Helin finally felt certain of Su Yang's statement!

It seems that only Wanlong Securities is losing money, while other small securities companies are making money!

As for those government-controlled securities companies, he didn't even need to ask; they must have made a fortune!

He took a deep breath and felt a profound sense of helplessness and powerlessness when he thought of Wanlong Securities!
He really looks old!

(End of this chapter)