Chapter 83
Surprisingly, this time Cheng Shengen did not have a seizure, nor did he faint. He just silently looked in the direction his son left!
The next day, Cheng Shengen forced himself to come to the company.
At Dade Company, everyone greeted Mr. Cheng one by one, "Hello, Mr. Cheng...", and Cheng Shengen just nodded slightly in response.
Liang Junzheng was also surprised to hear that Cheng Shengen had come. According to the plan, shouldn't the old man be hospitalized? But now, as the second-in-command, he must see what the situation is.
"Old Cheng, why are you here? Are you feeling better?" he asked after seeing Cheng Shengen.
"Cheng Feng has been out for some reason. I will be in charge of the company for the time being! I am fine now. The doctor said I am fully capable of working."
"That's great, the company needs you to lead it!" Liang Junzheng flattered him!
"Notify everyone and convene a board meeting soon!" Cheng Shengen instructed the secretary, then turned around, nodded to Liang Junzheng and said goodbye!
...
At the board meeting, Cheng Shengen spoke for a few minutes, the core point of which was that Hu Hansan was back, and the Cheng family still had the final say in matters of virtue, and some people were better off putting aside their inappropriate thoughts.
When he learned that the contract was exposed yesterday, he thought that someone was trying to seize power by taking advantage of this matter, and this person was most likely Liang Junzheng, and only he fully met the requirements! After thinking all night, his son was not sensible and was not the best candidate to inherit the virtue.
The first task now is to stabilize the company and then sell the shares in hand...
Liang Junzheng soon informed Chen Fang of what happened at the board meeting.
"Don't worry, Lao Liang. This old guy is just holding on! I think he probably wants to cash out and run away. He will only die faster if he does that!" Chen Fang knew what Cheng Shengen was planning as soon as he heard it!
"Mr. Shi, it's good that you know what's going on! I will follow your instructions from now on!" Listening to Chen Fang's orderly analysis, he also felt that it made a lot of sense!
After hanging up the phone, Chen Fang looked at Shao Huayang!
"Boss Shao, we can start now!"
"Okay, let's take down Dade in one fell swoop this time!"
After saying that, he picked up the phone and called the assistant, who soon came to the general manager's office.
"Sell the shares of Dade Group in our hands in batches at the limit price!"
This is forcing Cheng Shengen to rescue the market. He still has pledged shares. Once the price falls below the pledged safety line, the bank will require additional collateral or the sale of shares!
Regardless of whether Cheng Shengen wants to take charge of the company or cash out, he has no choice but to bite the bullet and raise funds to buy Haidong's shares!
"Okay, Mr. Shao! I'll arrange it right away!" The assistant always just follows the boss's instructions and won't ask why like Hua Yong did.
After the assistant went out, the two drank tea and chatted.
"It all depends on how Cheng Shengen responds. I guess he will start raising funds today!"
Chen Fang analyzed that Cheng Shengen had already pledged his shares once in order to eat up Shao Laohong's shares! Financing must be difficult now, but Haidong had already communicated with "some financial institutions" and was waiting for him to jump in!
Shao Huayang also nodded. He was quite satisfied with Chen Fang’s plan. Haidong was basically invincible!
"I have already made arrangements with the bank and am just waiting for him to arrive!"
......
Cheng Shengen who works at Dade Company saw that his own stock actually hit the limit down today because the media reported that the boss and the successor were not in harmony, causing the successor to run away from home.
The media is really not afraid of making a fuss about these things! How to cash out when the stock price is so low?
The only way is to raise funds and then find some friends to hype the stock, and the stock price will naturally go up.
So he picked up the phone and started to consult the bank, and asked several banks and financing companies! Soon a bank agreed and said they would come to his house to handle the pledge for him soon!
That afternoon, Cheng Shengen received 1 million yuan in financing and pledged all the remaining shares! In other words, all the shares under Cheng Shengen’s name are now pledged to the bank. The boss of a listed company often does this!
After receiving the news, Chen Fang thought about it and realized that Cheng Feng still had 6% of the shares in the Cheng family. However, this did not affect the overall situation. If he knew what was good for him, he could sell it to himself. Otherwise, he could issue a private placement to dilute his shares!
The next day, Cheng Shengen started his plan early, as if he had taken all the chips at the limit down... When Haidong saw Cheng Shengen take action, the two of them smiled knowingly! This time, Cheng Shengen couldn't run away. Once he took action, there was no turning back...
The two of them threw it here... Cheng Shengen caught it there...
Cheng Shengen soon found out that something was wrong. Why did the other party have so many chips? The 100 million he had raised was almost used up. How could he continue like this? When he was about to wait and see, he found that the other party had not sold any more chips!
He also breathed a sigh of relief, thinking that it should be some hot money selling off its chips for profit... Chen Fang and the others stopped the selling when they saw that almost all the chips had been sold off. If they used up all the funds in Cheng Shengen's hands, how would they implement the subsequent plans?
Seeing the stock price go up, Cheng Shengen smiled! Fortunately, everything went according to his plan. He started to contact a few stock trading friends to get together in the evening.
In a hotel in Beijing at night.
"How much does Lao Cheng plan to get this time? After all, we haven't made a move in a long time?" said a big speculator. This is not the first time they have done such a thing!
Of course, the stock speculation funds plus the insider information of listed companies are always beneficial. However, these people obviously forgot that this is a crime that will land them in jail.
"Yes, Lao Cheng!" the other two also echoed.
"Old Zhang, you guys have been working with me for such a long time, why don't you believe me? This time the stock price will at least double!" Cheng Shengen painted a big pie for the three of them, and this time he planned to trick these three together!
It’s time for them to pay back all the money they made from Dade stocks over the years. If they don’t take over their own stocks, who will they sell them to?
"That's good...it's still the same as before! We are responsible for raising the stock price, and you are responsible for spreading the news to lure retail investors in to take over!" Lao Zhang made arrangements for the rest of the matter.
"Yes, I think what Lao Zhang said is right." The other two also nodded.
"Okay, I'll listen to Lao Zhang!"
Cheng Shengen also agreed, and besides, this was his plan in the first place!
......
After a few people discussed it, they decided to start raising the stock price tomorrow.
After Cheng Shengen returned home, he called Cheng Feng to ask about his son's situation, but unfortunately his phone was turned off! He didn't know how Cheng Feng was doing now. Thinking of this, he hated Chen Fang even more. He must deal with him after this incident!
...
Chen Fang and his partner got it, and listened to the recording of their conversation several times. They both laughed! It would be strange if they didn't kill him like this. Do they really think that securities regulations are just for show?
Now we just have to wait for a few people to take action, and then report it and everything will be over!
Chapter 84: Seung Eun is arrested
The next day, Cheng Shengen first went to the company and asked his assistant to release some good news.
In short, the business volume increased significantly last year, and the company's net profit increased significantly! In the near future, it may introduce powerful investors and so on!
The three people outside the market started to push up the price after hearing the news. When investors saw that Dade’s stock started to grow wildly, they also followed suit. The stock price soon reached the daily limit.
Shao Huayang smiled and shook his head when he saw this trend! It was too rampant. He had never seen such a rude way of raising prices in all his years of work!
Chen Fang also sent last night's recording and the prepared materials to the regulatory agency! This is insider trading, and the regulators are taking it very seriously and investigating it quickly...
Three days later, Dade's stock price basically reached the daily limit, and the investors who followed in were very happy! They sighed that they finally made money on this stock and thought that it would rise even higher...
Cheng Shengen was very happy to see the limit order on the price limit board, and immediately started to sell off his shares! Now it is not like in the later generations, when a major shareholder with more than 5% of the shares has to issue an announcement in advance to sell off their shares, there is no such rule now! Otherwise, Cheng Shengen in the original drama could not have sold off 10% of the shares at once.
Just at this moment, the office door rang!
Knock, knock, knock. It was his assistant who opened the door. He was also a little curious.
"Mr. Cheng, several supervisory staff members are looking for you!"
The assistant said respectfully.
"Cheng Shengen, you are suspected of insider trading. Please come with us!"
The supervisor behind him took out the relevant documents and sent them to him. Cheng Shengen looked down and knew that something had happened. He was doomed.
......
Chen Fang and the other person saw that the time was almost right, so they quickly broke the limit order! The stockholders in Dade were confused by this operation. How could the limit be broken when it was fine just now?
Soon, Sohu, NetEase, Tencent, Sina... all the major portals' financial channels reported a very explosive news! The chairman of Dade Group was suspected of insider trading and was taken away by the regulator...
Now the stock investors were furious.
"It's over. I just got in yesterday! What do I do now?"
"Insider trading, your whole family will die... I curse you..."
"It's a good thing I didn't buy this junk stock!"
Some people curse and some people gloat over others' misfortunes. That's how stock investors are! Of course, they will feel unhappy when they see others making money. When they see comrades who are also losing money...
Before the heat of this news faded, another piece of gossip spread, saying that according to an informed source, Cheng Shengen was suspected of insider trading in order to sell off his stock holdings to cash in!
According to the analysis of professionals from Haidong Securities, Cheng Shengen did this because he lacked confidence in Dade Group.
The insider is Liang Junzheng, the vice president of Dade. He looked distressed when facing the reporter! He said that he is full of confidence in the future of Dade and that the company's business is also normal....
Anyway, he just said whatever the announcement said. How can the business be run normally after the chairman has been arrested?
These two pieces of news created a huge storm surrounding Dade Group in the stock market. The stock price fell rapidly as soon as the market opened and reached the limit down in less than an hour.
Not only that, the regulator also issued a document saying that "the actual controller of Dade has continuously pushed up the stock price through illegal operations. There may be undisclosed matters. Shareholders are advised to take risks."
When investors saw the news, they cursed Cheng Shengen’s ancestors for generations, secretly thinking that this stock was doomed!
The stock price has been hitting the limit down for several days in a row, and the stock price has almost been cut in half! The bank is also very anxious, and now Cheng Shengen has been arrested! The stock price is like this again, and it seems that there is no way to escape the loss this time!
Thinking of this, the bank leader became more dissatisfied with Shao Huayang, because he was the one who introduced him. But the other party was just introducing the business, and the bank was still the one who made the decision to lend the money!
Ding ding ding, the bank president's cell phone rang!
"Hello, who is this?" He was unhappy now and didn't care who was calling!
"What's wrong, President Li? Who made you angry?" Shao Huayang said with a laugh. Of course he knew why the other party was unhappy, but wasn't he here to solve the problem for him now?
"Oh, it's Mr. Shao! What's the matter? Is there anything you can do for me?" He couldn't afford to offend Shao Huayang, so his tone became polite!
"President Li, I want to buy your shares of Dade!"
"Oh, is that so? I wonder what the price is?" He was relieved to learn that the other party was here to buy Dade shares! It looked like the bank would not lose money this time, so he should be fine! Otherwise, he would have to spend the rest of his life in jail for the hundreds of millions of loans!
"Just follow the bank's cost price. You know that the stocks can't be sold at a good price right now!" Shao Huayang reminded them, fearing that the other party would not agree.
President Li was very happy to learn that the price was based on the bank's closing cost. Not only would there be no loss this time, but the bank would also receive some income.
"Then when will Mr. Shao sign the contract?" President Li was very anxious!
"We'll be at the bank soon!" Chen Fang and the other man were also a little anxious!
.....
The two of them quickly came to the bank. Chen Fang bought 30% of the 10% shares for 2 million yuan, and Haidong bought the remaining 20% for million yuan!
This was originally agreed upon in advance. After Chen Fang bought the shares, his funds were basically squeezed out! But this is a big profit. The current purchase price is less than half of the previous price!
President Li happily sent the two out of the bank and excitedly shook their hands to express his gratitude... "If you have any problems in the future, just give me a call!" President Li patted his chest and promised.
Of course, this is just for listening, and the two said they would definitely...
Now the shares of Dade are distributed. Haidong holds 35% (the shares sold some time ago were later bought back at a low price). Both of them made a lot of money. Chen Fang holds 10% and Liang Junzheng holds 8%!
Together they hold more than half of the shares, so they can completely reorganize the board of directors and elect a new chairman!
Cheng Shengen in prison now has nothing. Stocks are like this...if no one buys them, they are just a piece of waste paper. They have to be hyped up to go up in value. Paper wealth is all fake.
Chen Fang soon came to Dade Company. Shao Huayang didn't like these scenes and gave Chen Fang the right to be an authorized agent of Haidong's shareholders!
After Liang Junzheng received the news, he waited downstairs early. This time he finally won and his wish of many years came true today!
"Mr. Kuai Kuai Shi, let me introduce to you these are the shareholders and senior executives of our company!" Now they are the largest shareholders, so of course they have to give them face and go downstairs to greet them. Of course Lu Manjia is among them, and she winked at Chen Fang!
Chen Fang smiled and greeted everyone....This was his first time at Dade Company and he couldn't help but look around! There was nothing special about it. This was 10 years ago and it certainly couldn't be compared with those high-end office buildings in the future!
Chapter 85
In the TV series, the original person left here in disgrace!
Now the situation is reversed, and Chen Fang is the one in charge!
At the board meeting, Liang Junzheng officially became the chairman of the board of directors of Dade Group, and Chen Fang was appointed as the general manager!
Now he can start his car beauty shop, but Dade has no funds now! This is easy to do. Haidong Securities is doing this. It immediately issued 5 million shares. There is no problem at all to use this 5 million to expand business operations...
A month later, Cheng Feng rushed back from Ningxia after learning that his father was detained! He met Lawyer Ma in a cafe. His villa had long been mortgaged to the bank! It was no longer an asset of the Cheng family.
From the latter, I learned that the reason why Cheng Shengen ended up in this situation was because someone prepared evidence and sued Cheng Shengen. As for the crime, as the chairman of a listed company, he used insider information and illegal operations to prepare to cash out shares and manipulate stock prices. Due to the sharp drop in stock prices, the shares pledged to the bank have been sold!
Cheng Feng was confused. How come his father was in jail after he went out for fun? His company was gone. He lost everything? The key point was that according to the lawyer, Cheng Shengen's condition was already set in stone. He could only consider it from a physical point of view and see if he could spend fewer years in prison. As for the defense of innocence, that was unrealistic!
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