After Board of Directors ended, Henglong Building felt a kind of silence like the beginning of a heavy rain.
Anyone who is well-informed knows that Henglong is about to change.
Lin Wanqing's footsteps as he left were clearly heard by the management.
Zhao Chen did not reply to Chairman's Office.
He first picked up Small Meeting Room next door - Chen Xi, Zhang Qingxue, and Su Wantang were already waiting there.
The door is closed.
"How much did she vomit?" Zhao Chen asked.
Chen Xi Slide your finger on the tablet, and the monitoring data will be updated in real time:
"Fifteen minutes after the meeting, 30 million was transferred from Huadong Construction's account, with the note "current funds". Ten minutes ago, 20 million was transferred from Zhenhua Construction's account.
There has been no movement at Zhongcheng Construction, but Lin Wanqing's own Trust Account just made an operation--"
She raised her head:
"The foreign exchange settlement of 10 million Hong Kong Dollar was through private channels and not through the company."
Zhang Qingxue frowned:
"There is a quota limit for private foreign exchange settlement. She is moving at Ant."
"It means she doesn't want us to monitor all Fund Flow."
Su Wantang said softly, "But the ants can't move such a big gap."
Zhao Chen leaned back in the chair and tapped his fingers lightly on the armrest.
"121 million, the most she can raise today is 60 million." He said,
"The remaining half will take time."
"She said, 'Money will find a way'." Chen Xi paused.
"Zhao Zong, will she really pay this money? Or is she just delaying?"
Zhao Chen did not answer immediately.
He looked out the window.
The June sunshine was bright, cutting the glass curtain wall of Lujiazui into countless dazzling light spots.
"She will come out," he said, "Because she has no other choice."
Zhang Qingxue pushed up his glasses. "But this is not to admit defeat, it is to stop the loss. Her cash flow is tight, but it does not damage the fundamentals.
There is a lot of money left in Trust Account, and whether there are any overseas accounts, we don't know, what properties, equity, artworks are in her name..."
"She was only bled, not stabbed."
Zhao Chen took over the conversation,
"As long as she finds new funds and living water, she can be resurrected at any time with full health."
He looked at the three of them and his tone was calm and a little cold:
"So let's do two things.
First, keep an eye on her and monitor every Fund Flow transaction.
I want to know who she contacts, what assets she pledges, and what cooperation she talks about."
"Second--"
He paused.
"Prepare for the final blow."
The air in Meeting Room seemed to be stagnant for a moment.
Zhang Qingxue Put down the pen in your hand.
Chen Xi stopped recording the fingertips.
Su Wantang looked at him quietly without speaking.
"My father's case will be heard on June 19th." Zhao Chen said,
"No matter how many years the sentence is, as long as the crime is convicted, the market will re-evaluate the Control risk of Henglong."
He paused. "What we have to do is to open up Equity-like Debt's thunder on the next day - the 20th."
Chen Xi Take a deep breath.
That was Lei they had discussed countless times but had never touched upon.
Six hundred million.
Those who participated were all senior executives from the Lin Wanqing series.
Once this lid is lifted, no one can accurately predict what will happen to the stock price of Henglong.
"What is the purpose?" Zhang Qingxue asked.
She is not objecting, she is confirming the strategy.
"Accelerating share price declines."
Zhao Chen put it very clearly, "It falls to trigger Pledge Liquidation Line."
He called up a picture Equity Structure Diagram that he had drawn long ago:
"Except for the 10 million new shares subscribed this time, the rest of the 170 million shares held by Zhao Jianguo have been pledged to three securities firms.
Liquidation Threshold is about 5.5 Hong Kong Dollar. The current stock price is 6.7, and there is a very thick safety cushion."
He looked at the numbers on the screen:
"Equity-like Debt broke out, the market panicked and sold, and 6 Hong Kong Dollar couldn't hold on. His Pledged Shares will be Forced Liquidation."
No one in Meeting Room is talking.
Forced Liquidation.
It's not that the equity is diluted, it's not that Control is sidelined.
It's completely cleared.
Zhao Jianguo's thirty-year foundation on Henglong will be completely wiped out by a broker's order to close the position.
"This is not about revenge."
Zhao Chen said, as if he was explaining or convincing himself,
"As long as he still holds the 30% of the shares, even if people are in it, even if Voting Rights is in my hands, he will still be the shadow of Henglong.
After Voting Rights expires, Henglong will face a dispute with Control, and I must resolve these hidden dangers before expiration."
He paused:
"Only when he is completely eliminated can Henglong truly turn the page."
Zhang Qingxue was silent for a long time.
She looked at the Equity Structure Diagram, the 170 million shares in Zhao Jianguo's name, and the red warning mark next to Liquidation Threshold.
"Legal risks are controllable."
She finally said, her voice regaining its professional composure,
"Equity-like Debt is not a financial fraud, it is a financing arrangement common in the industry. We took the initiative to clean it up and there are no compliance issues."
She looked at Zhao Chen:
"But the market will panic. The stock price decline cannot be accurately predicted. If it falls below 5.5 yuan...
Not only Zhao Jianguo, but also Minor Shareholder with a high pledge ratio will also be closed. The stampede effect--"
"It's okay." Zhao Chen said,
"Once his shares are liquidated, we can arrange for someone to take over the liquidated shares."
"But if Lin Wanqing doesn't want Zhao Jianguo to blow up..."
Su Wantang said softly, "She can choose to protect the market or replenish the collateral."
"She won't replenish the pledge." Zhao Chen shook his head,
"Because this is a bottomless pit, it is very likely that you will lose everything."
"She will watch Zhao Jianguo's position explode." Zhao Chen said, "Because she can't save it."