Chapter 516 Announcement, Yang Chen Replaced Wang Xiaobiao as the New King

The announcement of the real estate has caused a great discussion on the whole network.

The owners of Changda Real Estate are complaining everywhere.

Especially those owners who bought off-plan houses, they cried without tears.

They can only hope that Changda Real Estate can solve these problems, otherwise they really don't know what to do.

At noon, "bad news" came again from the real estate industry.

More than 30 cities, including first-tier and quasi-first-tier cities such as Gwangju, Shenzhen, Jingcheng, and Badu, issued announcements at the same time, deciding to actively respond to the Haicheng government's regulation on the red line of 80% of the asset-liability ratio of real estate companies.

Within a year, all real estate companies want to continue to acquire land and develop projects in these places, they must reduce the asset-liability ratio to below 80%.

At that time, government departments will conduct financial investigations on real estate companies in all jurisdictions.

If companies that fail to meet the standards are found, they will be prohibited from continuing to acquire land for development.

If it is found that a company does not meet the standard, but it is false or claims to meet the standard, once it is verified, it will be prohibited to acquire land and develop locally within five years.

...

Each of these regulations requires real estate companies to reduce asset-liability ratios and quickly repay part of the money owed to banks and suppliers.

After Yang Chen read these announcements, he retreated in his heart.

The asset-liability ratio of Haisheng Real Estate has been controlled at 70. He does not have to worry about not meeting the standard.

However, the asset-liability ratio of Wanda Real Estate is as high as 125%. If you want to reduce this data to within the regulations, you must repay 562.5 billion in loans and arrears.

But where did Wanda Real Estate get so much money within a year?

Even if you sell assets quickly, you can't get it done in a year or a half.

Therefore, Yang Chen doesn't seem to want to take over this hot potato.

In the past, only the Haicheng area could not be developed, but now all first-tier and quasi-first-tier cities cannot be developed.

Why spend 50 billion to acquire control of Wanda Real Estate?

Yang Chen quickly got up, and after having breakfast, he went directly to Mayor Wang.

As soon as Yang Chen met, he had a lot of trouble with the mayor of Wang.

"Oh, Mayor Wang, have you read the news? Now all first-tier and quasi-first-tier cities have followed our new regulations. As a result, Wanda Real Estate can't do projects in these cities. Three The projects in the fourth- and fifth-tier cities are nothing to start with. If I buy Wanda Real Estate, wouldn’t it be a waste of money to buy a shell and not be able to do any business? I don’t really want to do it anymore. My money is not falling from the sky. The ones that came down were accumulated over hundreds of days and nights. I can’t take risks with the money I’ve spent with my life.”

Mayor Wang also frowned and said, "When I saw the news, I immediately thought that you would definitely come to me. However, I have come up with a solution for you. You should not directly buy the equity in Wang Xiaobiao's hands, but Through private placement, we will raise 100 billion yuan from you to repay the loan. In this way, you can directly obtain about 51% of the equity and become the actual controller of the company. When you become the actual controller, you can start selling Wanda For projects held by real estate, the funds returned are used to repay loans. It should not be difficult to reduce the asset-liability ratio to within 80%.”

Yang Chen: "That definitely won't work. It's impossible for me and Wang Xiaobiao to become shareholders of the same company. With me without him, without him, without me. Whether he sells the equity in his hand to me or to others, he must Sell ​​it. Otherwise, I will definitely not take over Wanda Real Estate.”

Mayor Wang: "That's really not good. You spend tens of billions more to buy the equity in his hands. In this way, your equity can reach almost 75%, which does not exceed the regulations of the China Securities Regulatory Commission. The maximum shareholding ratio of major shareholders is completely legal.”

If so, it seems to be possible.

For all listed companies held by Yang Chen, the equity will be as close as possible to 75%.

If he can hold a 75% stake in the bonus in one step, of course he is willing.

After confirming the plan, Mayor Wang immediately contacted Wang Xiaobiao and informed him to transfer the equity to Yang Chen as soon as possible.

In the evening, Wanda Real Estate issued four announcements.

Announcement one.

"Received a notice from Mr. Wang Xiaobiao, chairman of the company, that he will voluntarily resign from the positions of chairman and president of the board of directors. After the resignation procedure is completed, he will no longer hold any positions in the company."

Announcement II.

"I received a notice from Mr. Wang Xiaobiao, the company's major shareholder, that he and the person acting in concert will sell 51.5% of the shares he holds in the trace to Mr. Yang Chen. The selling price is the current closing price, 5.88 shares. After completing the transfer procedures, Wang Xiaobiao will Mr. and those acting in concert will no longer hold any equity in the company."

Announcement three.

"The company's shareholders meeting passed a resolution that Mr. Yang Chen will be given a fixed increase of 100 billion to repay the company's loan. Mr. Yang Chen has accepted this fixed increase agreement, so he will raise enough funds through self-funding for the fixed increase. Added. The resolution has been reviewed by the board of directors and has been reported to the China Securities Regulatory Commission for review.”

Announcement four.

"Because of the transfer of equity and fixed increase, the company's accusers will change. In order to prevent the stock price from fluctuating too much, thereby harming the interests of the majority of investors. The company has decided to suspend trading from now on, and the specific resumption date will be notified separately. The stock market is risky, investment Be cautious. Investors are advised to take precautions against risks and avoid property losses.”

These four announcements immediately detonated Wanda Real Estate and the entire real estate sector.

The stock evaluation area of ​​Wanda Real Estate is lively again.

"Obviously, the meaning of these four announcements is that the struggle between Yang Chen and Wang Xiaobiao ended with Yang Chen winning. As a loser, Wang Xiaobiao quit the company and accepted the failure. It's really embarrassing, that's how a generation of kings is. The curtain is over, and the new king has ascended the throne."

"I mean, Yang Chen is so rich. Directly add 100 billion funds to him, and he does the contract alone. Then why isn't his name on the rich list? What about the total assets of those who can come up with 100 billion funds? It has to be more than 300 billion. I am stupid, why not put him on the list?"

"The capital market is really ruthless. Wang Xiaobiao worked hard for more than 30 years, but in the end he made wedding dresses for others. Yang Chen is a bit unkind to do this, isn't this the dove occupying the magpie's nest?"

"Oh my God, you have opened your eyes. I can't sleep every day because of the loss, and finally the dawn is coming. As long as Yang Chen becomes the chairman and major shareholder of Wangda Real Estate, he will definitely increase the share price. go back."

"Damn it, it's so embarrassing. Before, you leeks, scolding Yang Chen everywhere, saying that he destroyed Wanda Real Estate, which caused each of you to say huge losses. Now you are grateful to him one by one, and expect him to lead the way. You pay back. You are really shameless."

"Some people don't have Wanda Real Estate stocks in their hands, are they jealous? All fools know that as long as the stock resumes trading, there will definitely be at least 10 one-character daily limit, otherwise they will be sorry for the 100 billion capital invested by Yang Chen. Don't do it. If you are sour here, don’t sow discord. No votes are no votes, no matter how sour it is.”