6:15 pm.
A piece of news spread wildly in the financial circle like it had wings:
"Exclusive: Henglong plans to sell its property company with a valuation of no less than 2 billion."
The group instantly went crazy.
"What? Henglong wants to sell the property company?"
"Property is a cash cow these days! Which real estate company is willing to sell it?"
"Is it fake? This kind of High-Quality Assets is only sold if you are crazy."
"That is, those real estate companies that are about to explode are reluctant to sell their properties. Henglong will sell them as soon as they recover?"
"It must be fake news."
"I also think it's fake."
"Let's wait for official clarification."
But there was no official clarification.
The official WeChat account of Henglong is quiet without any response.
The discussion in the group became more and more intense.
"What the hell, no response? That could be true?"
"Henglong What on earth are you thinking about?"
"Zhao Chen What are you doing?"
7:30 p. m.
Zhao Chen's cell phone rang.
He glanced at the caller ID--Shen Jue.
Pick up the phone and connect.
"Zhao Chen,"
Shen Jue's voice came from the other end of the phone. There was no greeting, but the main topic.
"Is what happened with the property company true?"
"Really."
There was silence on the other end of the phone for two seconds.
Zhao Chen can feel that Shen Jue is digesting the news.
Then she said:
"Are you serious?"
"Seriously."
There was another two seconds of silence.
Shen Jue did not say "I disagree", nor did he say "you are crazy".
She was just silent.
But Zhao Chen understood.
Silence means disagreement.
"Ms. Shen," he said, "Board of Directors next Monday, I will explain it to you."
There was silence on the other end of the phone for another second.
Then Shen Jue spoke, his voice a little slower than before:
"In principle, I still support you."
Zhao Chen was slightly startled.
"As long as your explanation makes sense." Shen Jue said,
"I won't fight against you."
She paused:
"The point is, it's useless to fight against you."
Zhao Chen couldn't help but laugh.
This woman is always so quick to speak.
"Thank you." he said.
"Don't thank it too early." Shen Jue said,
"Tell me first, at what valuation do you plan to sell it?"
Zhao Chen thought for a while:
"The profit last year was 130 million, and this year it is expected to be 150 million. The assets and liabilities are packaged together, starting at least 2 billion, and the one with the highest price will get it."
Shen Jue did a quick mental calculation on the other end of the phone:
"The liabilities of a property company are generally wages and mortgage payments. If it doesn't amount to 2 billion..."
She paused:
"At this price, it's not difficult to find a buyer."
Zhao Chen nodded:
"Do you have the resources?"
"Of course." Shen Jue said, "Property management companies are now very popular. State-owned assets, insurance companies, and private equity are all eyeing this piece of meat."
She paused:
"Let me ask for you. If there is a suitable one, I will introduce it to you."
"Okay."
"That's it." Shen Jue said, "I'll listen to your explanation on Monday."
The phone hangs up.
Zhao Chen put down the phone and stood there in thought for a few seconds.
Su Wantang looked at him:
"What did Shen Jue say?"
"Support in principle." Zhao Chen said, "But it needs explanation."
Su Wantang nodded:
"She's pretty good."
Zhao Chen did not answer the call.
He suddenly realized a problem -
Shen Jue is sensible, but it does not mean that everyone is sensible.
He needs all directors to be sensible.
Next Monday's Board of Directors, nine people.
The five Shen Jue, Chen Xi, Zhang Qingxue, Song Zhongping, and Liu Mingyu should be fine.
What about Wu Hongyuan, Sun Zhengping and Xu Yong?
Three Independent Director, an economist, a former regulatory official, and an academic authority.
How would they feel about selling the property?
Do you think he is crazy?
Will he question his decision-making?
"Chen Xi." He dialed Chen Xi.
"What are your orders?"
"Prepare some materials for me."
Chen Xi Open the computer at hand immediately:
"What material?"
"The planning status of commercial complexes and office buildings in major cities across the country in the past five years."
Zhao Chen said, "As well as the actual start rate, completion rate, and vacancy rate data of these projects."
Chen Xi's fingers stopped on the keyboard:
"Do you want to..."
"Let everyone see clearly," Zhao Chen said, "What the office building market will look like in the future."
He paused:
"The valuation of property companies is high now because the market has not yet reacted.
After two years, when the vacancy rate rises and rents fall, how will the property company's valuation drop?"
Chen Xi's eyes lit up:
"You need to let the data speak for itself."
"Yes." Zhao Chen said, "It's not that I want to sell the property, but if I don't sell it now, I won't have the chance to sell it in the future."
He enjoys Su Wantang's massage:
"Hurry up and sell it now while it can still be sold at a good price. By the time everyone reacts, it will be too late."
Chen Xi Quick note:
"Understood. I will prepare the materials before Monday."
Zhao Chen nodded.
"And," he said,
"Also compile a copy of the property company valuations of leading real estate companies.
Let the directors take a look at what the current price-to-earnings ratio is for property stocks."
Chen Xi on the other end of the phone was stunned for a moment:
"Are you afraid that they think 2 billion is too low?"
"Yes." Zhao Chen said, "2 billion is just the starting price.
If they think this price can still be negotiated, then let them see what other people are selling it for with the same property company."
Chen Xi smiled on the other end:
"I understand. Using market data to speak is more effective than me speaking ten thousand words."
He took the tea from Su Wantang:
"Yes, the data is more solid."
Chen Xi typed on the keyboard:
"Don't worry."
The news about Henglong selling properties became more and more intense. A financial influencer asked on Weibo:
"Today's news that Henglong is selling a property, what do you think?"
There have been hundreds of comments in the comment area.
"I don't understand. The property management company is a cash cow. Why sell it?"
"Maybe short of money?"
"You're short of money! You just raised 1 billion from Stock Issuance. How can you be short of money?"
"That means Zhao Chen has his own ideas."
"What are you thinking? I can't understand."
"It's okay if you can't figure it out. If you can figure it out, you would be Zhao Chen."
"..."
"That makes sense."
At this time, Shen Jue, she was sitting on the sofa, holding a cup of Red Wine in her hand.
On the computer screen opposite her is Henglong Property Financial Statement from the past three years.
130 million profit.
150 million expected.
2 billion valuation.
She did a quick mental calculation - the price-to-earnings ratio was less than 15 times.
Currently, the price-to-earnings ratios of property stocks in the market are above 20 times.
Henglong Property This quality, 2 billion, is really not expensive.
She picked up the phone and dialed a number.
"Mr. Li, I have a project, are you interested?"
A middle-aged man's voice came from the other end of the phone:
"What project?"
"Henglong Property."
There was silence on the other end of the phone for two seconds:
"Henglong wants to sell the property? Is it true?"
"Really." Shen Jue said, "The starting price is 2 billion, and the one with the highest price will get it."
"..." The other person seemed to be digesting the news, "Henglong is crazy?"
Shen Jue smiled:
"Whether it's crazy or not, I don't know. But the price is definitely worth it."
There was silence for a few seconds:
"I'll think about it."
"You can think about it, but don't take too long."
Shen Jue said, "As soon as this news came out, a lot of people were watching."
Hang up the phone.
Shen Jue leaned on the sofa and looked at the night view outside the window.
Zhao Chen What on earth is this man thinking?
She doesn't know.
But she knew that every decision he made proved to be right in the end.
She was looking forward to Monday.