Xie Tengfei hurriedly turned on the TV and turned to the financial news column.

The host was talking about Ascendas Group's overseas department stores.

This is a provincial TV station, and it also has reporters stationed in the United States. The reporters stationed in the United States immediately went to the department store for on-site inspection and found that most of the shops in the department store were empty, and there was little traffic.

If you say that a department store like this can make a profit, who would believe it?

The reporter began to interview department store merchants. These merchants were all Chinese. They were all complaining that the department store did not do a good job in attracting traffic and did not understand the needs of Americans. The design structure of the department store was incompatible with the United States.

Yes, they are already planning to evacuate.

Moreover, the location of the department store is not good, it is close to a violent neighborhood, and murders often occur around it.

Many markets here are controlled by certain bosses.

At first, Xie Tengfei was eager to take risks and make achievements overseas, but under the lobbying of his supervisor in the United States, he invested money without careful investigation.

After seeing this report, Xie Tengfei's eyes turned black. He slumped down on the boss's chair. He never thought that this matter would be dug out.

Vice President Zhou Delong's legs also became weak. He knew exactly what this meant, and sure enough, Tengfei's stock price began to plummet again.

Sovereign Hotel.

When Lin Bufan saw Ascendas Group's share price drop to 11 yuan, he asked Zhang Yini to start selling Ascendas shares.

Zhang Yini frowned and said, "Didn't we lose something like this?"

When I bought it, it was more than 12 yuan, and now I will lose money if I sell it.

"In a battle between two armies, how can we not lose one of our own soldiers? Our goal is to beat the Ascendas Group to its last breath. In addition, you can rest assured that the money we lost on stocks will be made up for from other places." Lin Bufan

He said with a smile.

"Well, I believe you, I'm going to sell the Ascendas stocks now." Zhang Yini followed Lin Bufan's instructions and sold the Ascendas stocks she bought a few days ago.

After the stock sell-off, investors who held Tengfei stocks were completely desperate. This was the rhythm of a collapse.

In a certain stock market hall.

A dozen investors holding Tengfei stocks stared at the K-line chart and whined: "It has dropped to 9.6, and trading is about to be suspended. Sell it quickly, or you will lose money."

But the problem is that if you throw it away, no one will take it.

This caused even greater panic.

At the same time, several major shareholders of Ascendas Group requested an emergency board meeting.

Xie Tengfei had no choice but to go to the board of directors.

When we arrived at the conference hall, we saw more than 20 shareholders with dark faces.

Xie Tengfei was filled with bitterness and regretted that he should not provoke Shengshi Company.

"Dr. Xie, could you please give us an explanation as to why department stores in the United States are losing money?"

"Didn't your report last year show profit status? You are falsifying it. Now our Ascendas Group has internal and external troubles, and the stock price has plummeted. Do you know how much we have lost?"

More than 20 shareholders lost more than one billion in one day.

Ascendas Group's market value has shrunk from tens of billions to less than 6 billion, and its market value has evaporated by 4 billion.

With sweat on his face, Xie Tengfei said weakly: "This time it is indeed my problem, and I apologize to everyone."

"Is that enough to apologize? You must take responsibility." A major shareholder in his 50s stood up and scolded, "The reason why I invested in Ascendas Group was because I believed in the chairman, that you could lead me to make a fortune, but I didn't expect that you would make a fortune now."

I've caused a huge loss."

"Because of your son's outrageous behavior, we suffered heavy losses before. Now you have falsified data and the stock has crashed. It has brought a devastating blow." A major shareholder in his 40s wearing gold-rimmed glasses scolded, "You are now

If he is not worthy of leading us, I propose to re-elect the chairman."

"Yes, only if you take the blame and resign can you give us a way to survive. Otherwise, investors will not believe in our Ascendas Group, and the crisis of trust will directly cause us to go bankrupt."

More than a dozen shareholders have demanded that Xie Tengfei resign.

Xie Tengfei bared his teeth and his eyes turned red, "You were optimistic about the market when you invested in Ascendas Group, and believe me, it's just a small problem now. Who can remain invincible in the shopping mall? At this time, we

We should be united."

Xie Tengfei is the founder of this company, and his shareholding exceeds 53%.

One thing to note here is that there is a difference between equity and shares.

Xie Tengfei holds 34% of the shares of Tengfei Group, but only 53% of the shares.

For example, if 4 people start a company together, and each person contributes 250,000, the company's assets will be 1 million. The shares are 25% for each person, but two of them are investors and only invest money, and the other two are managers.

, were specifically responsible for the company's affairs. In order to avoid internal friction and conflicts, the two managers in charge of the company asked for more equity, so their equity became 60%. As a result, when it came time to make important decisions, they

They have more say than those who invest money and can determine the company's route and decisions.

When dividends are distributed, they are still distributed according to the proportion of the capital contributed by 4 people. For example, if a profit of 1 million is made, each person can still receive 250,000.

The advantage of separating equity and shares is that it facilitates management.

Tengfei Group has experienced more than 20 years of development. Investors continue to enter, which dilutes Xie Tengfei's shares. In order to prevent the loss of power in the future, Xie Tengfei firmly controls the equity.

Because Xie Tengfei holds 53% of the shares, there is naturally no way for the proposals of several major shareholders to pass.

Back in the office, Xie Tengfei was so angry that his whole body trembled.

By the time the market closed, Tengfei’s share price was as low as 6 yuan.

The entire Ascendas Group is shrouded in dark clouds.

Grand Hotel.

Lin Bufan, Xu Da and Zhang Yini opened champagne to celebrate.

"Hahaha, this battle was so good, Ascendas Group is already on the verge of bankruptcy." Xu Da said happily.

"It can be regarded as revenge for me." Zhang Yini said this.

"You think this is the end?" Lin Bufan shook his glass and smiled mysteriously, "There is still one last step left."

"Is there one more step?" Xu Da and Zhang Yini asked in confusion.

"Well, this time we sold Tengfei's stock, plus the 2 million from Blue Mountain Villa, we lost at least 10 million, and we have to get the money back from Xie Tengfei." Lin Bufan said with a smile.

"How to get it?" Xu Da asked.

"Tomorrow you and I will go to Yanxia Bank and you will find out."

Ascendas Group's real estate development in Guishan has a total investment of 3 billion, which was borrowed from Yanxia Bank. Generally, bank loans will sign a protection agreement. For example, if a company has a market value of 1 million, it borrows 500,000 from the bank to buy a house.

For a house, when the market value of the company is less than 500,000, the bank can directly confiscate the house according to the contract.

The contract signed between Ascendas Group and Yanxia Bank clearly stated that if Ascendas Group’s market value dropped from 10 billion to 5 billion, Yanxia Bank could directly confiscate Ascendas Group’s land in Guishan and all properties built on the land.

.

The next day, 20 minutes after the stock market opened, Ascendas Group's share price dropped to 5 yuan and trading was suspended.

Lin Bufan, Xu Da, and Zhang Yini came to Yanxia Bank.

Here, Xie Tengfei also hurriedly rushed to Yanxia Bank. For the current plan, he could only use all his shares as collateral to hold on to Guishan's real estate.

It depends on whether Gong Tianhe from Yanxia Bank is willing to help Xie Tengfei.

Arriving at Yanxia Bank, Xie Tengfei had just arrived at the president's floor on the top floor when he saw Zhang Yini and Xu Dalin Bufan walking out of the president's office with smiles on their faces.

Xie Tengfei had a bad feeling.

Lin Bufan had long expected Xie Tengfei to come.

Zhang Yini walked up to Xie Tengfei with a smile and said, "Dr. Xie, you are late. The real estate in Guishan already belongs to our Shengshi Company."

After Tengfei's stock was suspended, Gong Tianhe transferred the property rights of Guishan to Shengshi Company. In other words, Shengshi Company was burdened with a debt of 3 billion, but it did not spend a penny to obtain the development property rights of Guishan.

Once Shan's house is built and sold, the 3 billion debt will not be a problem.

Lin Bufan made a rough calculation and found that Guishan's real estate could earn at least 5 billion yuan. This is the figure after deducting 3 billion yuan in debt and annual bank interest.

As soon as Xie Tengfei heard this, he knew that Gong Tianhe had given up on him.
Chapter completed!