Chapter 1675 Bankruptcy and Acquisition (7/10)

In just a few days, several real estate finance listed companies have already suspended trading, and the stock price fell too fast to stop.

Seeing this, Feng Yu was not very happy. It's not because he didn't short-sell the stocks of these companies, but because Feng Yu didn't wait for the scene he wanted to see, that is, the two houses came out to take over the offer.

If Liangfang Group does not come out to take over the offer, then things will still change, which will have a great impact on Feng Yu's plan.

It seems that these companies applying for bankruptcy protection are not big enough, their market value is not big enough, and their influence is not big enough. There must be a top-ranked company filing for bankruptcy protection in order to prompt the two rooms to take over quickly.

And this company, Feng Yu has already chosen, that is New Century Financial Corporation, the second largest subprime loan company in the United States.

It's just that a lot of negative news about this company has been released, and the stock price has been falling all the way, yet trading has not been suspended yet!

The influence of this company is too great to dare to suspend trading easily. And some people are also trying to get money to save the market.

Now there are some rumors popping up here, which are negative news about Feng Yu.

It is said that Fengyu Holding Group has too much money to spend, and then Feng Yu has taken a fancy to New Century Financial Company and wants to acquire it.

So Feng Yu made these negative news, and planned to buy the shares of New Century Financial Company at a low price in the stock market. This is clearly a hostile takeover!

Companies that have been hostile takeovers generally have to change their management and fire a large number of employees. Feng Yu is hurting everyone's interests.

But there is another paradox in this news, that is, many stocks of New Century Financial Corporation are in the hands of those shareholders and are not in the stock market.

Even if Fengfeng Holdings can acquire all the stocks in circulation in the stock market, it will still be less than 50%, and it will not be able to form a de facto holding at all. In order to complete the hostile takeover, those shareholders must be willing to sell their shares to Fengyu Holding Group.

In this way, Fengyu Holdings Group is bound to increase the purchase price, which is also profitable for shareholders, and they should support it. Feng Yu did not harm their interests.

If it is because the stock price has fallen now, but once it is really proved that Fengyu Holdings is acquiring the shares of New Century, the stock price may rise back at any time.

Who doesn't know that Fengyu Holding Group is Feng Yu's company, Feng Yu's company, what industry it is in, what industry makes money, if he buys New Century Financial Company, then this company will definitely make a lot of money.

At this time, Ralph also came out to explain the situation. Fengyu Holding Group bought some shares of New Century Financial Company at the beginning, but sold them quickly because they believed that the company was about to go bankrupt and the shares would become worthless. Paper!

As soon as this statement came out, it immediately caused an uproar. Especially the shareholders of New Century Financial Company, they immediately refuted publicly, saying that Fengyu Holdings Group was suppressing their stocks, clearly intending to hostile takeover, and they firmly disagreed.

Moreover, their company will not go bankrupt, and asking investors to continue to invest in their company's stocks will definitely give investors rich returns.

But this statement, not many people believe it.

On one side is Fengyu Holding Group, a world-renowned large-scale comprehensive group company and an enterprise owned by Feng Yu, the god of investment. On the other side is New Century Financial Corporation, whose stock price is constantly falling. Their words feel like they are dying.

As a result, after such a commotion, the stock of New Century Financial Company fell even faster, making those shareholders want to cry.

Last year, many people wanted to buy their shares, but none of them sold them. I think it is a very good investment and can earn more profits for them in the future.

But this year the wind direction suddenly changed, and they all knew that the company had lost a lot. Originally, even if it was a loss, they would issue additional shares, or issue more bonds or something,

Can still get through.

But it was the sudden appearance of so many negative news in the media that made them fall to the bottom all of a sudden.

They don't know when they offended Fengyu Holding Group, or Feng Yu, why should they target them? They are just a financial company with a market value of less than three billion U.S. dollars. Compared with many subsidiaries of Fengyu Holdings, they are not worth mentioning.

After such a toss, their market value has fallen to only a few hundred million dollars, and depending on the trend, they will continue to fall.

At this time, they have to find a way to apply for a temporary suspension of trading, first stop the loss, and then find a way to get some good news to pull the stock price back.

But they thought about it for a long time, and there was no good news, unless there was a large amount of capital investment, the company could be saved. But that would take billions of dollars, but who has billions of dollars would invest in a company like them.

Since the negative news came out, their real estate credit default rate has exceeded 50%!

In other words, they have more than half of the money, and they can't get it back. No legitimate financial company has a 100% profit in lending. If more than half of the money cannot be recovered, it means that their capital chain is broken.

They have also seen that at this time they seem to have only one way, and that is to file for bankruptcy protection, otherwise things will get worse and the company's value will become lower. Even if they are reluctant, there is no other way. Bankruptcy protection can also give them a chance to breathe a sigh of relief.

Under such circumstances, New Century Financial Company had no choice but to apply to the court for bankruptcy protection. At this time, their company's stock price had fallen to the bottom, and the market value was less than 100 million yuan!

New Century Financial Corporation announced that it will sell most of its assets within one and a half months, including loans, securitization rights, etc., as well as their stores, business outlets, application centers, service platforms, etc., and at the same time It also includes equipment such as computers.

Of course, they still have to lay off more than 3,500 employees in one go, but this does not include those brokers and staff who handle loan and mortgage affairs.

In other words, there are more than 3,500 of their insignificant staff, which shows how serious the company's burden is. There are more than 55,000 brokers and staff who handle loan-related matters. These people are also considered the company's assets, and they are relatively high-quality assets.

In this way, the rights and interests of shareholders can be guaranteed, and the pot will be thrown out.

Who will take over the pot? Not surprisingly, it is the Liangfang Group.

When he saw the news, Feng Yu finally showed a relaxed smile. The plan was successful, and he could finally feel relieved.

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