Zhao Chen's brows moved slightly.
"What changes?"
Chen Xi Hand over the phone:
"Two announcements sent out last night."
Zhao Chen took it, and on the screen was a screenshot of a financial news.
"This morning, Yunnan Agriculture Group sent two announcements in succession."
She cleared her throat:
"The first one is Prospectus pre-disclosure. They disclosed the new version of Prospectus on the Securities Regulatory Commission website and plan to raise 1.183 billion yuan."
She paused:
"But this disclosure also revealed their old background."
Zhao Chen took the tablet and glanced across the screen.
Chen Xi explained:
"The first question is, cash collection accounts for as high as 29.41%.
This ratio is a flaw in the IPO review.
What the supervision is most afraid of is cash transactions, because they cannot be verified and are easy to be counterfeited."
"The second question is the 2016 epidemic.
They themselves disclosed that nearly 20,000 piglets died due to the epidemic last year.
Although no major damage was caused, this record will earn them points from Public Offering Review Committee."
"The third question--"
She paused, "The characteristics of a family business are too obvious. The He Zuxun family holds a total of 98.41% of the shares.
This kind of Equity Structure is the biggest headache for supervision. If one party dominates, how can the interests of Minor Shareholder be protected?"
Zhao Chen looked at each item one by one, but there was no change in his expression.
Chen Xi continued:
"There is a second announcement.
Securities Regulatory Commission issued the first feedback, requiring the company to implement the following issues within 30 days:
Authenticity and Compliance of Cash Transactions
Improvement of disease prevention and control system
Necessity and fairness of Related Party Transaction
Governance risks of too concentrated ownership"
She looked at Zhao Chen:
"Zhao Zong, 30 days. If they can come up with a convincing rectification plan within these 30 days, IPO is still possible. If they can't come up with it..."
She didn't finish her sentence, but her meaning was clear.
Zhao Chen returned the tablet to Chen Xi and leaned on the back of the chair.
Chen Xi is a little anxious:
"Zhao Zong, should we take action? Yunnan Agriculture is the target we have been eyeing for a long time.
If it really happens this time, we will miss it."
Zhao Chen looked at her:
"Do you think they'll make it?"
Chen Xi was stunned for a moment:
"I'm... not sure. But what if?"
Zhao Chen shook his head:
"Nothing unexpected."
He picked up the tea cup and took a sip:
"Cash transactions are 29%. Just this one thing, Public Offering Review Committee can bring them back.
Not to mention 98% of family shares and last year's epidemic record.
Which of these problems can be solved in 30 days?"
Chen Xi was silent.
Zhao Chen continued:
"And if you think about it, why did they choose to disclose Prospectus at this point in time?"
Chen Xi thought for a while:
"Because... you want to meet before the end of the year?"
Zhao Chen nodded:
"Yes. But the more anxious you are, the more likely things will go wrong.
What they need most now is not money, but time. But supervision will not give them time."
He put down the teacup:
"Chen Xi, you continue to follow. Write down all the updates of Yunnan Agriculture.
When to send feedback and replies, when to hold meetings – don't miss any of them."
Chen Xi nodded:
"Understood."
Zhao Chen looked at her:
"Are you worried about missing out?"
Chen Xi hesitated for a moment and nodded:
"It's a bit. Yunnan Agriculture has a really good foundation, the breeding cost is only a little higher than Muyuan, and the pattern is clear.
If such a good target is robbed by someone else..."
Zhao Chen laughed:
"You won't be robbed."
He stood up and walked to the window:
"Now, there are only two kinds of people who dare to take Yunnan Agriculture. One kind is like Lu Shen, who has too much money and is not afraid of death.
One is for people like us who can afford to wait and spend."
He turned around:
"Lu Shen has been trapped by Eagle. Who dares to take action under the supervision of other capitals?"
Chen Xi thoughtfully:
"So what you mean is..."
Zhao Chen said:
"Wait."
He looked out the window:
"We will wait until it cannot be listed on the market before we take action. By then, the valuation will not be too high."
Chen Xi's eyes slowly lit up.
Su Wantang said softly next to him:
"You don't seem to be in a hurry at all."
Zhao Chen smiled:
"What's the rush?"
He looked out the window at the blue sky:
"We have plenty of time."
After talking about Yunnan Agriculture Group, Chen Xi had no intention of getting up and leaving.
She looked down at the tablet, scratched it with her fingers a few times, then raised her head, with an irrepressible smile on her lips:
"Zhao Zong, there is one more thing that you must be interested in."
Zhao Chen looked at her:
"Say."
Chen Xi turned the tablet over, and on the screen was a K-line Chart swooping down.
"Eagle Group, today's trend."
She paused:
"Today is the last trading day before National Day.
Eagle opened low and moved lower, all the way down, and now the decline has exceeded 8 points, and it has stopped falling for the first time."
Zhao Chen took the tablet and his eyes fell on the dazzling green line.
Chen Xi added data on the side:
"It opened at 4.32 and is now 3.96, a drop of 8.3%. Trading Volume has magnified to twice the usual level, and the selling pressure cannot be suppressed.
According to this trend, the afternoon opening will most likely seal the price limit."
She raised her head, her eyes sparkling:
"Zhao Zong, guess how much floating loss Jiahe's 2.07 billion is now?"
Zhao Chen didn't speak, but the corners of his mouth raised slightly.
Chen Xi couldn't help himself:
"If there was no Drawer Agreement and the cost price was 4.7, the floating loss would be close to 15 points now.
Three hundred million dollars, just gone."
Su Wantang took a gentle breath next to him:
"Three hundred million?"
Chen Xi nodded:
"Yes. It's only been more than a month. If the stock price continues to fall, the losses will only be more."
She looked at Zhao Chen:
"Zhao Zong, how do you think Lu Shen feels now?"
Zhao Chen leaned on the back of the chair, his eyes falling on the green line.
What's your mood?
He could probably imagine it.
The man who was so proud of himself at the signing reception, the man who smiled and said "acceptance" to him after successfully cutting off his beard.
He should be standing in the office now, looking at the falling curve of the first line, his face livid.
"It doesn't matter what his mood is."
Zhao Chen spoke in a very calm voice, "What matters is what he will do next."
Chen Xi was stunned for a moment:
"Do you think he can still Add Position?"
Zhao Chen shook his head:
"No. He's not stupid."
He paused:
"But there is no way to cut the meat. Private Placement shares are restricted shares and cannot be traded Secondary Market.
If performance does not improve, the floating loss of 300 million will continue to expand.
With his character, he would quickly enter Board of Directors and find a way to save himself."
Chen Xi thoughtfully:
"How to save yourself?"
Zhao Chen said:
"Two ways. One is to force the top management of Eagle to standardize management and put in 2.07 billion. As long as they don't mess around, the debt ratio and cash flow can be improved no matter what.
The second is to find a taker and pass the blame to others."
He looked at the green line on the screen:
"The first one is that he doesn't have that ability now. Board of Directors can't get in, and no one will listen to what he says. The second one..."
He thought for a while:
"Who is willing to accept this situation now?"
Chen Xi laughed:
"So he's dead?"
Zhao Chen nodded:
"Almost."
He returned the tablet to Chen Xi:
"Keep watching. See what he does next."
Chen Xi took the tablet and stood up:
"Understood."
She walked to the door and looked back:
"Zhao Zong, do you think he will regret it?"
Zhao Chen looked at her:
"What do you regret?"
Chen Xi said:
"I regret that I intercepted our Hu."
Zhao Chen smiled, the smile was very light:
"It's useless to regret. You have to walk the path you choose on your knees."
The door is closed.
It's quiet in Meeting Room.
Su Wantang walked to Zhao Chen and sat down next to him:
"Three hundred million, just gone?"
Zhao Chen holds her hand:
"That's what shopping malls are like. A single thought can make a difference of hundreds of millions."
He looked out the window:
"Lu Shen That thought means that 2 billion may be lost.
Our idea is to bet hundreds of millions on performance. The difference is not just in price, but also in brains."
Su Wantang leaned on his shoulder and stopped talking.
today,
Some are happy, some are sad.
And all he has to do is continue to wait.
Wait for the best opportunity to appear.
Wait for the person named Lu Shen to walk step by step into the hole you dug.