Jiahe Assets Shanghai Office.
Zhou Huai's phone keeps vibrating.
He pushed the screen to Lu Shen to see:
"Mr. Lu, public opinion has exploded. Someone is trying to find out the relationship between Lin Wanqing and us."
Lu Shen glanced at it without any change in his expression:
"Let them pick it off."
Zhou Huai frowned:
"Now some people say that our bid is too high, some people say that Zhao Chen sold at a loss, and the two sides are quarreling.
What if the market decides we've been taken advantage of--"
"Take advantage of me?" Lu Shen smiled, "2.6 billion buys an asset that can rise to 3 billion in the future. Who is the taker?"
Zhou Huai was stunned for a moment:
"Are you so sure it can rise to 3 billion?"
Lu Shen has no first answer.
He picked up the coffee and took a sip slowly:
"Zhou Huai, do you know how much Lin Wanqing's company was worth when she came to me?"
Zhou Huai shook his head.
"Worthless." Lu Shen said,
"The project was stopped, Suppliers sued, and the bank took out the loan. Her companies couldn't even pay next month's salary in their accounts.
If no one saves it, it will go bankrupt within three months."
He paused:
"So when she came to me, the condition she offered was not 'cooperation' at all - it was a request for help."
Zhou Huai looked at him, waiting for him to continue.
Lu Shen Put down the coffee cup:
"I gave her 300 million and bought 30% of her company's preferred shares."
Zhou Huai's brows moved slightly:
"Preferred shares?"
"Yes." Lu Shen said, "We will not participate in the operation and will not appoint directors, but we will give priority to dividends and liquidation.
Blackstone's Risk Control Committee nodded after seeing this."
He smiled:
"Three hundred million, buy 30% of the preferred shares. Do you know what this valuation means?"
Zhou Huai thought for a while:
"Meaning that her company's total valuation is one billion?"
Lu Shen shook his head:
"It means I valued her company at one billion.
But if her mess is really sold on the market, no one may want it for 300 million yuan."
He paused:
"So what I gave is not a valuation, but Lifeline Funds."
Zhou Huai was silent.
He finally understood.
Lin Wanqing's company is about to die. Lu Shen bought 30% of the preferred shares with 300 million yuan--
This price is a "friendly price" that breaks your heart in the market, but for Lin Wanqing, it is the only way to survive.
"So she agreed." Zhou Huai said.
"She had to agree." Lu Shen said,
"If she doesn't agree, her company will go bankrupt within three months, and everything she has saved over the years will be lost. If she agrees, she can live for at least two or three years."
He stood up and walked to the window:
"But living is not enough. She also has to help me complete this acquisition."
Zhou Huai was stunned for a moment:
"That 100 million deposit..."
"That's her sincerity." Lu Shen said, "Three hundred million Lifeline Funds exchanged for 30% of the preferred shares, this is a deal.
Add another 100 million deposit to participate in the acquisition, which is Token of Surrender. When these two things are tied together, I believe that she really wants to cooperate."
He turned around:
"Do you understand now? Lin Wanqing is not here to make up for it. She is here to extend her life.
Her business was dying, so I gave her 300 million Lifeline Funds. In exchange, she had to put in her last Working Capital to reduce our acquisition risk."
Zhou Huai's pupils shrank slightly.
He finally understood the truth of this transaction.
Lin Wanqing exchanged 100 million for 300 million Equity Financing.
In fact, she is exchanging her own life for two or three years of breathing time for the company.
"What if Henglong Property does not rise in the future?" Zhou Huai asked.
Lu Shen laughed:
"Her 100 million will be lost first. After the loss is over, it will be our turn. As for her 30% preference shares -"
He paused:
"The preference stock means that when it is liquidated, we will get the money first. As for her share, it is none of our business how much assets are left."
Zhou Huai was silent.
He suddenly felt a little cold on his back.
This man has every step taken care of.
Lin Wanqing thought he was here to copy the original.
Little did he know that he was just a supporter.
At seven o'clock in the evening, Hotel Room from Lin Wanqing.
Lin Wanqing stood in front of Floor-to-Ceiling Window, looking at the night view of the city outside.
The phone screen lit up, and it was a notification of arrival from the bank - Blackstone's 300 million funds had just been deposited into her company's account.
Three hundred million.
30% preference shares.
She closed her eyes.
At this price, she knew it was enough to break bones.
Although her company is in difficulty, it still has several half-dead projects and some assets that can barely be liquidated.
If it were actually sold on the market, someone would still be willing to pay three to five billion.
But Lu Shen gives "preferred shares".
It does not participate in operations, but gives priority to dividends and liquidation.
What does this mean?
This means that if the company really makes money in the future, Lu Shen will get the money first.
If the company fails in the end, Lu Shen will also get the money first.
She works hard, but may end up with nothing.
But there is no way.
She had no choice.
The banks are collecting debts, Suppliers is suing, and workers are blocking the door.
Without these 300 million, she wouldn't even be able to survive the next month.
She picked up the wine glass and took a sip.
Wine is bitter.
But she must drink.
Because she also placed another bet - the 100 million deposit.
That 100 million is her entire net worth.
I sold my house, mortgaged my last bit of assets, and borrowed money from everyone I could.
If the property price does not rise in the future, if Real Estate really fails in the future...
She didn't dare to think about it.
But at least, I'm alive now.
She looked at the lights outside the window and suddenly remembered what Zhao Chen said on the terrace:
"You should bet more."
She was stunned for a moment.
Now think about it, did that young man see through that she would reach this point?
She shook her head and put the thought away.
It's not important anymore.
The chess game has reached this point, and there is no way out.
Either turn over or die.
Chen Xi finally investigated the ins and outs of the matter.
She placed the latest Fund Flow report on the coffee table:
"Zhao Zong, I found out. Blackstone gave Lin Wanqing's company 300 million and bought 30% of the preferred shares."
Zhao Chen picked it up and looked at it, but said nothing.
Zhang Qingxue pushed up his glasses:
"Preferred shares? Then Lu Shen has an internal explanation for Blackstone - this is not random investment, it is a preferred stock investment with controllable risks."
Chen Xi nodded:
"Yes. And the price is actually enough to break the fracture and save her life.
Although her companies are in difficulty, according to the market price, 300 million yuan to buy 30% of the common shares is definitely not enough.
But preferred stocks are different - they don't participate in operations, they don't assign directors, and Blackstone has an easier time with risk control."
She paused:
"Lu Shen is using Blackstone's money to do favors for himself."
Zhao Chen was silent for a few seconds.
Then he smiled:
"Favor?"
He shook his head:
"That's life money."
He looked out the window:
"Lin Wanqing has taken the 300 million, so she has to listen to Lu Shen. Plus the 100 million deposit, her legs are now tied up."
Zhang Qingxue pushed up his glasses:
"So she is not betting on whether property prices will rise, but on how long she can survive."
Zhao Chen nodded:
"Yes. If her companies can survive until the day when the properties are split and sold, she will win. If they can't, everything will be in vain."
Su Wantang asked softly from the side:
"Can she make it?"
Zhao Chen thought for a while:
"Let's see how long she can carry the three hundred million."
He paused:
"The property will be split up and sold in the future. She will lose money first, and the Jiahe funds of Lu Shen will be behind."
He turned his head and looked at Chen Xi:
"So now she wants the property to rise more than anyone else. If it rises, she will live. If it falls, she will die."
Chen Xi thoughtfully:
"What about Lu Shen?"
Zhao Chen smiled:
"Lu Shen doesn't matter. If you lose, Lin Wanqing will be at the bottom. If you make a profit, it's all his."
He stood up and walked to the window:
"Lin Wanqing thought he was repeating his mistakes, but he was actually backing up Lu Shen."
Zhao Chen paused, "This Lu Shen is not simple!"