Zhao Chen fell into deep thought. He lowered his eyes and rested his fingers on the armrest for a long time.
Chen Xi and Zhang Qingxue both looked at him, waiting for his next instruction.
"The most anxious person now,"
Zhao Chen suddenly spoke,
"It's not me, nor those Short Selling institutions."
He raised his head:
"It's me Father Zhao Jianguo--if he knows what's going on outside."
All three looked at him.
"His Pledged Shares will be Overselling on Monday."
Zhao Chen doesn't speak fast, but his logic is clear.
"The phone call from the brokerage was not a notification, it was an ultimatum.
They cannot withstand the pressure from investment institutions. As long as the stock price falls below 5.5 yuan at the opening on Monday, the liquidation process will start."
He paused:
"They have no idea how much of the 800 million pledged funds can be recovered under the trampling of Panic Selling."
Zhang Qingxue frowned. "What do you mean..."
"Let the brokerage force him."
Zhao Chen said, "The effect is ten times better than if I did it myself."
He turned to Chen Xi:
"Now contact the person in charge of the principal securities firm. Two things."
Chen Xi immediately opened the address book and hovered his finger on the dial key.
"First, tell them that I now have the ability and willingness to take over all of my Father Zhao Jianguo shares.
Instead of taking the risk and forcing a liquidation, they might as well cooperate with me."
"Second, ask them to send someone to Detention Center. Just today."
He paused:
"Tell them that the stock price at Monday's opening cannot be maintained. Even if Zhao Jianguo's shares are liquidated, the market value of 800 million yuan may not even be recovered to 500 million yuan.
But if they can allow Zhao Jianguo to transfer the shares to me - I am willing to pay 100 million Hong Kong Dollar to purchase all the shares in his name and bear the accompanying repayment obligations."
"And, after I take over, I will immediately replenish the collateral. When the stock price stabilizes, everyone's losses can be avoided."
Chen Xi looked at him and his heart beat a beat faster.
This is to let the brokerage force the palace.
But instead of using conspiracy, use Open Scheme.
What brokers want is financial security. Zhao Chen can provide that.
If Zhao Jianguo wants to keep some of his assets, Zhao Chen is willing to give him funds and let him withdraw.
Everyone's interests magically converged in the same direction at this moment.
Chen Xi Press the dial key.
ten minutes later
Chen Xi hung up the phone and took a deep breath.
"It's agreed over there."
She raised her head, with a hint of disbelief in her tone, "There was almost no hesitation."
Zhang Qingxue asked, "What are the conditions?"
"They mentioned two items." Chen Xi opened the record,
"First, after Zhao Jianguo reaches an agreement to transfer shares, Zhao Zong must complete the supplementary pledge within one working day, and Pledge Ratio must not be less than 60%."
"Second, if the shares held by Zhao Zong personally are not enough to cover the pledge gap, cash or other assets of equal value need to be used as additional guarantees."
She paused and looked at Zhao Chen:
"I agreed on your behalf. And I added a clause - if Zhao Jianguo agrees to the transfer, you will inject 200 million Hong Kong Dollar in cash into the pledge account within a week as a liquidation risk reserve."
Zhang Qingxue raised his eyebrows slightly. "200 million?"
"That's the money we Tesla cleared and returned."
Chen Xi said, "It was originally prepared to deal with stock price fluctuations."
She just states the facts.
Zhao Chen nodded in approval.
"When will they send someone to Detention Center?"
"At eight o'clock tonight, Risk Control Director from the brokerage company will go in person."
Chen Xi looked at the time and said, "There are still three hours."
"Will Zhao Jianguo let go?" Zhang Qingxue asked.
"He will," he said, "Because he has no other choice."
He paused:
"But that's not the biggest problem."
He turned to Zhang Qingxue:
"Is there any legal loophole in the arrangement I just made?"
Zhang Qingxue pushed up his glasses and entered a professional state.
"This problem has three levels." She opened her notebook and said,
"Regulatory approvals, risk of backbiting, shareholder votes."
"First, regulatory approval."
"Zhao Jianguo is currently a shareholder holding more than 5% of the shares of Listed Company. The transfer of its shares requires an equity disclosure to Stock Exchange.
If it is an agreement transfer, a comprehensive offer will also be triggered."
Zhao Chen nodded. "The shares I took over have exceeded 30%. So I must go Whitewash Waiver."
"Whitewash Waiver has passed at Rights Issue." Zhang Qingxue said,
"But that is an exemption for Rights Issue's holding increase, not for an agreed acquisition.
If Zhao Jianguo first transfers its shares to you, you need to apply for exemption again."
She paused:
"However, the reason for this application is more sufficient - 'to resolve the pledge risk of Listed Company's major shareholders and maintain the stability of the stock price'. There is no reason for the supervision to be blocked."
"Second, the risk of regret."
"What if Zhao Jianguo agrees to the transfer under pressure now and regrets it after the stock price stabilizes?"
Zhang Qingxue asked, "After the agreement is signed, but the money is not paid, he can find various reasons to delay the delivery."
Zhao Chen said nothing.
Zhang Qingxue took it on his own:
"So you need collateral. And it's collateral that you can control immediately when you sign the agreement."
She paused:
"Zhao Jianguo's 10 million new shares - not pledged."
The office was quiet for a moment.
Chen Xi's eyes lit up. "What do you mean..."
"When the agreement is signed, these ten million shares will be transferred to you first as a performance guarantee."
Zhang Qingxue said, "This is not a formal transfer, it is a pledge. When he completes the delivery of all shares, these ten million shares will be included in the total consideration."
She looked at Zhao Chen: