"Okay, I'll see what tricks you play." Chen Tianqing sat in his position.

Wu Zhankun announced: "Because the company is not well-managed, I plan to sell the company to the Blackshirt Insurance Company at a market price of 0.5 yuan per share. Do you have any questions?"

"Can say it"

Chen Tianqing's face suddenly changed!

He just helped Asia Financial Holdings to get a loan of HK$500 million from China Merchants Bank to save the company, but now he is going to be acquired by Blackshirt Insurance.

He was the first to disagree!

"I disagree, I object!"

"Now the company has HK$500 million in funds. I just came from China Merchants Bank to save the company."

He worked hard to ask his grandfather to sue his grandmother and finally obtained a loan of HK$500 million for Asian Financial Holdings, and the Hong Kong branch of China Merchants Bank has already issued a loan.

Now I'm going to get out???

Wu Zhankun smiled slightly, as if he didn't care about Chen Tianqing's attitude, and said to everyone in the conference room: "The chairman objected, is there anyone else objecting?"

"I agree!"

"I agree"

"I object to the chairman's objection"

··

Zhang Youde, Huang Shaokai, Mu Honglie, Chen Xuezhen, Wei Weicheng and others raised their hands to agree.

Blackshirt Insurance Company holds 50% of Asia Financial Holdings shares, divided into 6 points, and authorized to give six executive directors to attend the shareholders' meeting of Asia Financial Holdings.

Several other people on the scene held very small shares and agreed to raise their hands to agree.

Chen Tianqing only holds 25% of the shares, and it is useless to oppose it.

Only then did he realize that Kanghong Global sold the stock to Blackshirt Insurance Company, which bought 300 million shares in the market and held 50% of the shares. He is now the second largest shareholder.

But he could refuse to sell the stock to Blackshirt Insurance Company.

The forced invitation to acquire by the Blackshirt Insurance Company can only purchase the shares in their hands with the shareholders' consent. If the shareholders do not agree to sell them to the Blackshirt Insurance Company, the Blackshirt Insurance Company will not be able to buy them.

"I won't sell it. You can buy whatever you want. I will definitely not sell it!"

Chen Tianqing started to act like a scoundrel.

Seeing Chen Tianqing's stubbornness, Wu Zhankun persuaded: "Old Chen, just accept your fate. Whether you sell it or not is useless. You will no longer be the chairman of the company."

Chen Tianqing was very unwilling to give up: "This is my company, a company I founded!!!"

"You can't do that in the company I founded!"

"Old Chen, I still have to pay it back when I come out. I suggest you continue to serve as executive director." Wu Zhankun shook his head: "Next, I propose to remove Chairman Chen Tianqing from his post!"

"I agree!"

"I agree"

··

"Okay, more than 50%!"

"Old Chen, accept your fate." Wu Zhankun said again: "Is it that difficult to accept your fate?"

"We will delist the company and never distribute dividends. It's useless for you to hold these stocks."

Chen Tianqing said, "I want to talk to Wang Guanxi in person!"

At this time, Wang Guanxi walked in and smiled and said, "Old Chen, you are finally back. Tell me, what price do you want?"

The reason why Chen Tianqing didn't sell was naturally because he disliked the price.

Wang Guanxi doesn't believe that this guy doesn't sell. If he doesn't sell, he will delist and will always delist. If he wants to sell, he will not find someone to buy it. Then he will never pay dividends and find a place to cry.

Chen Tianqing said: "1.5 yuan per share, a premium of 200%"

Wang Guanxi felt that Chen Tianqing was crazy and shook his head: "Old Chen, don't talk big, it's useless, the stock price will continue to fall."

"You just sell it, I'll give you a price of 0.7 yuan per share."

Chen Tianqing continued to veto: "No, 1.2 yuan per share."

He thought it was very suitable for 1.2 yuan per share, because the stock price in the past two days was higher than 1.2 yuan per share, and it was obviously the Blackshirt Insurance Company who acquired stocks in the market.

Wang Guanxi said lightly: "The acquisition price of 0.8 yuan per share"

"1.2 yuan per share" Chen Tianqing was very determined and bit the price of 1.2 yuan per share.

Wang Guanxi said: "It's up to 0.9 yuan per share. Lao Chen, if you don't sell it, I'll go for dinner."

As he said that, Wang Guanxi was about to leave.

"Okay, then it's 0.9 yuan per share," Chen Tianqing said, "Give it to me immediately."

"OK!"

Then everyone planned an equity contract, and the Black Shirt Insurance Company bought 250 million shares in Chen Tianqing's hand at a price of 0.9 yuan per share.

It costs HK$225 million.

After the transaction was completed, Chen Tianqing left without saying a word.

At this moment, Blackshirt Insurance Company held up to 750 million shares, accounting for 75% of the shares.

Then, Blackshirt Insurance Company announced that it would privatize Asian Financial Holdings at a price of 0.9 yuan per share.

The next day, the share price of Asia Financial Holdings Company rose from 0.9 yuan per share to 0.9 yuan per share, freezing here.

Many retail investors have sold their stocks.

On the third day, Asia Financial Holdings announced its delisting.

The remaining 250 million shares were privatized, and another HK$225 million was spent. This time, the acquisition of Asian Financial Holdings Company costed a total of HK$950 million.

Blackshirt Insurance Company has HK$250 million left in cash flow.

The main business of Asia Financial Holdings is insurance, and the insurance business is to provide underwriting general and life insurance. General insurance includes property damage, shipping, freight, money loss, accident and health, general liability, employee compensation and automobile insurance.

Now this insurance company has become Wang Guanxi.

Open the balance sheet.

Asia Financial Holdings Company has a total liability of HK$5.5 billion, of which it owns a loan of HK$500 million from China Merchants Bank.

Total assets are 5.7 billion, including 500 million cash flow, 2.35 billion liability reserves, and 2.85 billion financial assets.

The net assets were 200 million yuan. Originally, the net assets were negative, but the stocks I held suddenly rose sharply in the past two days, so they became positive.

Moreover, Asia Financial Holdings has no cash flow, but Chen Tianqing borrowed HK$500 million from China Merchants Bank, which is really cheap.

I worked in vain and took out a loan, but it turned out to be cheaper for others.

Chen Tianqing is really considerate. Before selling the stocks, he also borrowed HK$500 million for Asia Financial Holdings, alleviating the company's insufficient cash flow problem.

Wang Guanxi didn't know how to thank Chen Tianqing, so he called him and found that the phone was turned off.

Currently, Hong Kong Blackshirt Insurance has a total liability of 3.7 billion and total assets of 4.3 billion, of which 250 million are cash, financial assets of 1.1 billion and liability reserves of 2 billion. It holds 100% of the equity of Asia Insurance Finance, worth 950 million.

Net assets of 600 million.

Then Wang Guanxi merged Hong Kong Blackshirt Insurance Company and Asia Financial Holdings Company.

The two companies merged with a total liability of 9.2 billion yuan, of which 500 million yuan was loaned to China Merchants Bank.

The cash flow was 750 million, financial assets were 3.95 billion, and the responsible reserves were 4.35 billion, and the total assets became 9.05 billion Hong Kong dollars.

The net liabilities on the books were negative HK$150 million.

Why is the net assets of the two insurance companies negative HK$150 million after the merger?

Because the net assets of the two companies were as high as HK$800 million, they paid HK$950 million to the outside world. The HK$950 million was the money to acquire the Asian Financial Holdings Company and paid to those shareholders.

So the net assets became negative 150 million.

The current cash flow is still 750 million. We will increase the liability reserves and prevent the CSRC from causing trouble. We will continue to increase the liability deposit and transfer HK$150 million to the liability reserves. In this way, the liability reserves are 4.5 billion, the current cash is 600 million, and the financial assets are 3.95 billion.

Although the total liabilities are 9.2 billion and the total assets are only 9.05 billion, if the 3.95 billion financial assets increase, then the total assets will increase and the net assets of the black shirt insurance company will become positive.

"I have to look at the specific situation of these 39.5 financial assets, and then decide which assets should be sold and which assets should be left behind."
Chapter completed!