After Board of Directors ended, Chen Xi left first, and she had to quickly lead people to complete Due Diligence.
The second person to leave was Liu Mingyu. From the emergency suspension in the morning to now, Henglong has not issued Suspension Announcement.
He has to hurry up and reissue Suspension Announcement.
Zhao Chen He was still sitting when everyone had finished walking.
The sun shines on the glass curtain wall of Jiangbeizui, reflecting dazzling light.
Chen Xi has flown to Yunnan, Zhang Qingxue is drafting Legal Document.
Board of Directors passed, the next step is to complete the adjustment.
He took out his mobile phone and sent a message to Cheng Jiaxun: "Mr. Cheng, Board of Directors passed. Chen Xi has already led the team there to make due adjustments."
Cheng Jiaxun replied almost instantly, "Okay. I will arrange for someone to cooperate."
Zhao Chen looked at those two words and raised the corners of his mouth slightly. Cheng Jiaxun was more anxious than he thought.
Su Wantang walked in and stood beside him. "Xi Xi is leaving?"
Zhao Chen nodded. "Yes. We have already gone to the airport, and we will start making adjustments tomorrow."
Su Wantang said softly, "How long do you think it will take for this investment to pay off?"
Zhao Chen thought for a while, "Three years. Within three years, it will at least double."
He looked out the window, his eyes crossing the city skyline and landing far away.
Henglong's first external transaction, Strategic Investment, is finally coming to fruition.
After Board of Directors ended, Liu Mingyu drafted the suspension application as soon as possible.
"Chairman Zhao, I will reissue the suspension application now." After getting ready, he came to Meeting Room.
Zhao Chen nodded. "Send it."
The application for Liu Mingyu was submitted at nine fifty.
Hong Kong Stock Exchange was very efficient. Ten minutes later, Suspension Announcement hung up.
"At the request of the Company, trading in the Company's shares has been temporarily suspended from 9:00 am on December 12, 2017.
After the company publishes an announcement Inside Information, the shares will apply for resumption of trading."
This announcement went viral on Snowball.
User "From 5 to 20": "Suspension Announcement sent it! It was sent at ten o'clock? I said why I couldn't trade this morning?"
User "Patience Pays Off": "It should be that the trading was suspended first and a meeting was held, and then the trading suspension application was made. This kind of thing happens all the time."
User "Value Discoverer": "It must be a big deal. Otherwise, trading would not be temporarily suspended."
User "Old Leek Root": "Just wait, there will definitely be an announcement at noon."
Twelve noon.
Two announcements were posted at the same time.
Article 1: Announcement of resumption of trading.
"Trading in the Company's shares will resume at 1:00 pm on December 12, 2017."
Article 2: Announcement about Strategic Investment Yunnan Agriculture Group.
"The company Board of Directors is pleased to announce that on December 12, 2017, the company and Yunnan Agriculture Group signed the Strategic Investment framework agreement.
According to the agreement, the company will subscribe for 20% of the shares of Yunnan Agriculture Group in cash, with a total consideration of RMB 390 million."
"After this investment is completed, our company will become the second Major Shareholder of Yunnan Agriculture Group.
Henglong investment will give up all Voting Rights corresponding to this investment, will not participate in the daily operations of Yunnan Agriculture Group, and will not interfere with management decisions.
The company will assign a financial officer Deputy Director to Yunnan Agriculture Group and retain a financial officer Board of Directors Seat."
"Board of Directors believes that this investment is in line with the company's strategic development direction and will help optimize asset allocation and enhance shareholder value."
As soon as the announcement was issued, Henglong Stock Bar completely exploded.
User "From 5 to 20":
"Sure enough, I am going to raise pigs! 390 million, 20% of the shares! Chairman Zhao is obsessed with raising pigs!"
User "Value Discoverer":
"390 million, 20% of the shares, then the valuation of Yunnan Agriculture is less than 2 billion.
Based on last year's net profit, the price-to-earnings ratio is 11.5 times. The price is not expensive."
User "Old Leek Root":
"What's the use of being cheap? Who dares to touch the pig industry now?"
User "Pig Cycle Hunter":
"You're right. How long has it been since Eaglet happened? Lu Shen is still wearing it now. Zhao Chen is such a tough guy. Everyone else wants to run out, but he rushes in."
User "Patience Pays Off":
"You see clearly, Yunnan Agriculture and Eagle are different. Eagle is engaged in diversification, while Yunnan Agriculture is focused on raising pigs."
User "Value Discoverer":
"What's the use of focusing? If the industry is not good, no matter how focused it is, it's useless."
User "From 5 to 20":
"Zhao Chen's vision, when did you miss it? When I sold the property before, there were a lot of people scolding me. What was the result?"
User "Old Leek Root":
"That was before. The pig raising industry is not a real estate that Henglong is familiar with. Who can say for sure?"
User "Valuation Hunter":
"I've done the math, taking 20% of 390 million, the valuation is less than 2 billion. Shennong's net profit last year was 169 million, with a price-to-earnings ratio of 11.5 times.
At this price, A-share cannot buy it from any pig raising company. Moreover, Henglong gives up Voting Rights, which means that he does not want to get involved in the business.
Yunnan Agriculture's team has a good reputation in the industry. Let them do it on their own, which is better than a layman guiding an expert."
User "Chase Rises Kill Dips for Life":
"You are right, but I am still not optimistic about raising pigs."
User "Pig Cycle Hunter":
"I'm not optimistic either. The cycle of this industry is too long."
User "Patience Pays Off":
"When the cycle is long, it is more important to enter at the bottom. When the cycle picks up, double-click."
User "Value Discoverer":
"What you said makes sense. But I still believe Zhao Chen. From 5 yuan to now, when has he missed it?"
User "From 5 to 20":
"Yes. If you believe in Zhao Chen, take it. If you don't believe it, you can leave. Anyway, I won't sell it."
User "Old Leek Root":
"This is your belief, not an investment."
User "Patience Pays Off":
"What's wrong with faith? As long as it makes money."
The debate is getting more and more intense.
Some people are bullish, some are bearish, some are using calculators to calculate valuations, and some are staring at the Pig Cycle curve in a daze.
But everyone's eyes are fixed on the opening at 1 p. m.
At one o'clock in the afternoon, Henglong Holdings resumed trading on time.
Zhao Chen stood in front of the window, looking at the city outside the window.
The phone vibrated, and it was a message from Cheng Jiaxun: "Chairman Zhao, I saw the announcement. The stock investors don't seem to be optimistic about it?"
Zhao Chen replied, "It's normal. Eagle's incident has just passed and the market is concerned."
Cheng Jiaxun replied instantly, "What should we do? Will it have a bad impact on Henglong?"
Zhao Chen said, "Let performance speak for itself."
Cheng Jiaxun was silent for a few seconds and then said one word, "Okay."
Su Wantang came over and stood beside him. "Aren't stock investors optimistic?"
Zhao Chen nodded. "It's normal. Eagle's incident has just passed, and everyone is still worried."
Su Wantang asked, "Are you worried?"
Zhao Chen shook his head. "Don't worry."
He held her hand. "When Yunnan Agriculture calms down, the stock price will naturally go up. At that time, they will naturally change their tune."
Su Wantang leaned on his shoulder. "You are always so confident."
Zhao Chen looked out the window. "It's not confidence. It's belief in the data."
Yunnan Agriculture The market is not optimistic about this investment, but he is optimistic about it.
Because only he knows how much Yunnan Agriculture will be worth three years from now.
The phone rang again.
It's a message from Chen Xi from Yunnan:
"Zhao Zong, it's Yunnan Agriculture. The team at Mr. Cheng is very cooperative and will start entering the site tomorrow for full adjustments."
Zhao Chen replied, "Good. Hard work."
Yunnan Agriculture This investment, starting from today, is officially realized.
The next step is to wait for the due diligence report, the signing of the contract, the funds in place, and the returns in three years.
No, maybe not three years.
A year later, when Yunnan Agriculture gets through this period of pain, it will usher in a performance explosion.