Chapter 1076: Chapter 124: You Aspire to Beco a Figure Like Little Mustache in Turbulent Tis
In the conference room of the Wangbei Building, the hotel staff professionally prepared a real-ti large screen for the Shanhaiguan listing team, allowing everyone to clearly see the data after Shanhaiguan’s listing for the first ti.
However, contrary to the expected joyful atmosphere, the tense atmosphere in the eting room made the staff who were changing refreshnts feel on edge.
“Mr. Cheng, this is actually quite normal. There has been a constant shortage of liquidity in HK. By listing through a backdoor restructuring, we are destined to bear the cash-out pressure of the original shareholders of the shell company.”
Looking at the green screen, Mr. Yang Yuan searched for so comforting words, trying to prevent Mr. Cheng from being too affected by the market value decline.
Both strategic investors and subscription investors are optimistic about Shanhaiguan, but market pricing and different people’s expected price levels often vary.
For the major shareholders of the shell company used in the backdoor listing, rather than gambling on Shanhaiguan’s future, it’s better to seize the opportunity to quickly cash out during Shanhaiguan’s listing.
Cheng Daqi shook his head; he actually anticipated this kind of market decline.
“To outsiders, perhaps, Shanhaiguan’s sixty-billion market value is still too high. We just need to continue working hard.”
Saying this, he looked towards the manager of Nanhua Capital.
“Our market support funds will remain as planned; let those who don’t believe in Shanhaiguan sell first and see what market pricing we ultimately get.”
The manager from Nanhua nodded in agreent and then retrieved data from the computer. After confirming the data, he analyzed it.
“In terms of the equity structure of the shell company, roughly equivalent to four billion in market value is in the hands of retail investors. Mr. Cheng, this ans that the upper limit of selling pressure we need to bear is four billion plus the three billion raised from individual investors in financing, totaling seven billion Hong Kong Dollars.”
This is why Mr. Cheng is not afraid.
Retail investors of Shanhaiguan can only sell up to seven billion Hong Kong Dollars’ worth of shares, which is less than one hundred million Dollars.
Considering the price curve’s decline under selling pressure, the cost of taking on this selling pressure might be kept under fifty million Dollars.
Short-sighted people can’t understand why Mr. Cheng is ignoring various acquisition offers from monopolistic giants, choosing instead to operate the listing of Shanhaiguan.
As the first listed platform under Mr. Cheng’s na, the core business operations of Shanhaiguan aren’t even that critical, you could say.
Its main function is to raise funds, and as Mr. Cheng’s financing plans unfold one by one, those who ran away at the onset of the listing will be left crying in the restroom.
Mr. Cheng isn’t playing a one-off ga; when he ntioned the ‘Century-old enterprise’ vision in external statents before the listing, he was genuine.
“There’s another point, Mr. Cheng, we…..”
The phone rang, and after glancing at the caller, Cheng Daqi stood up, waved his hand to interrupt the manager of Nanhua Capital, and walked straight into the side room of the conference suite.
Zhao Hongjin hesitated for a mont, then got up and followed him in.
The others didn’t dare to move recklessly. With the pressure center gone, the atmosphere in the eting room finally relaxed a bit.
Yang Yuan took a sip of water and then closed his eyes. Seeing that the bigshots weren’t saying anything, the others could only remain silent and pretend to be busy with work that didn’t actually exist.
In the side room, Cheng Daqi leaned against the window, feeling the fresh air from the window while lighting a cigarette.
“Yes, I understand, it’s a protracted battle, you know the kind of person I am, Brother Sun.”
The caller was Sun Dongxin. During Shanhaiguan’s listing process, Dongxin Group secured four billion Hong Kong Dollars in strategic investnt for Mr. Cheng through dostic guarantees and overseas fundraising.
In fact, it was still Sun Dongxin who invested the money, but as one of Shanhaiguan’s major shareholders, if the Dongxin Group continued to participate heavily in financing during Shanhaiguan’s listing phase, it would seem too ‘dodgy’ and would worry uninford people that Mr. Cheng and his team might be planning a quick exit after a single play.
So the final thod was to hide this through the guise of foreign investnt institutions, using a proxy holding model.
However, with Shanhaiguan’s listing experiencing a market decline, Sun Dongxin was inevitably a bit worried.
That is real money, and if Mr. Cheng were to bail, it would be a major setback for him.
“There’s no ti actually, I would rather invite you to San Rodolfo; I want to properly host you.”
Mr. Cheng’s thinking is that even if he swears to the sky on Egret Island, it wouldn’t completely reassure Sun Dongxin.
After all, the money involved is too much.
Therefore, the idea was to invite Sun Dongxin to the West Coast to see his strength firsthand.
Zhao Hongjin opened the side room door and saw Mr. Cheng standing by the window smoking. She frowned, picked up an ashtray from the table, and stood in front of Mr. Cheng.
Cheng Daqi nodded at her and continued talking to Mr. Sun.
“You don’t have to worry about the market support funds; the funds flow quite conveniently on HK’s side, and I can directly mobilize my funds in Arica.”
The concept of market value managent is often equated with market manipulation in people’s minds.
But, that is a misunderstanding. The root cause is that too many sches exploit this thod to trap ordinary investors into taking the hit.
As a major shareholder, mobilizing self-owned funds to support the market is actually also a form of market value managent.
“If you’re not busy, you can co directly to Hong Kong Island, and we can return to Arica together.”
After a while, Mr. Cheng hung up the phone, smiled, and said to Zhao.
“Brother Sun is still worried I’ll run away, hahaha.”
A look of helplessness crossed Zhao Hongjin’s face; she didn’t understand why Mr. Cheng was so relaxed.
“Only you can be so carefree; everyone is quite anxious. I bet there are already marketing accounts starting to draft pieces attacking us.”
Shanhaiguan itself isn’t very famous, but Mr. Cheng, as an internet celebrity, has turned into a story by embarking on the path of a listed company, giving much room for discussion.
Reviews
All reviews (0)