St. Zhongyan's prospects are worrying, and continuing losses this year is a foregone conclusion. It is currently in the warning period for delisting risks, and the crisis is approaching.

The Delong Group bought St. Zhongyan in 2001 and did not really take over the board of directors until 2003. However, it was constrained by the second largest shareholder Zhongyan Group everywhere, and the one who got it was completely uncontrollable and hot potato.

In this situation, only by implementing asset restructuring can we avoid forced delisting. Delong Group has launched two restructuring plans in succession, but all of them have been rejected by the China Securities Regulatory Commission.

Due to the failure of the restructuring, the stock price of St Zhongyan plummeted continuously. When Chen Qiaoshan bought, the stock price was at a historical low, and just ended 9 consecutive limit downs.

Due to some unexplained reasons, there is little hope for the restructuring to be approved, and the stock price decline will obviously continue.

The reason why Chen Qiaoshan chose to buy it at this time was because he clearly remembered that Zhongyan Group would choose to withdraw in recent days and sold all its shares to the Delong Group. Since then, the internal strife that lasted for two years in St Zhongyan has finally ended, the biggest obstacle within the company has been cleared, and asset restructuring has also seen the dawn of successful approval.

Chen Qiaoshan knew that in order to obtain absolute controlling stake, the Delong Group spent a huge amount of money to acquire the equity in Zhongyan Group, and the price paid was not an ordinary price.

But in this situation, it is really not considered a victim to say that the Delong Group is a victim. It is difficult to tell the truth about the truth and falsehood of the things in the market, and it cannot be summarized by a simple sentence of right or wrong.

...

The Delong Group has always been very strong. Whether engaged in capital operations or corporate mergers and acquisitions, it has always been known for its fierceness.

In the stock market, Delong Group has the reputation of "Zhuangwang". The third stock is an iron benchmark. If the market is stormy, the stock price will not fall, allowing many people to truly see Tang Wanxin's methods.

The same is true in the process of corporate mergers and acquisitions. As long as the targets targeted by Delong, no one can escape the fate of being controlled.

Of course, no one resisted, but it usually ended in failure. The Delong Group's mergers and acquisitions methods are in a variety of ways, and some cases can even be written into textbooks for corporate mergers and acquisitions.

The merger and acquisition case of St Zhongyan is so strange that it is absolutely amazing, and it can be called the most bizarre merger and acquisition history.

In 2001, Yanjing Guohe, the largest shareholder of St. Zhongyan, had a conflict with the second shareholder Zhongyan Group, and decided to sell the shares they held.

They quickly found a suitable next company, and the takeover was Zhongjing International. The two hit it off and soon signed an equity transfer agreement, but it had not been implemented in detail.

At this moment, the Delong clan entered the market strongly, which was tantamount to snatching food from the tiger's mouth from the world.

The Delong Group is a cross-river dragon, and Zhongjing International is not a good deal. This company was founded by the State Economic and Trade Commission and has a deep background. In March this year, the sign of the Economic and Trade Commission was revoked and the sign of the Ministry of Commerce was erected.

The strong dragon does not suppress the local snake. On the ground of Yanjing, the Delong system should retreat, but Tang Wanxin did not believe in evil, but he just followed Zhongjing International.

Zhongjing International holds the equity transfer agreement of st Zhongyan, so he naturally feels 120 peace of mind and does not take the local bullies from northern Xinjiang seriously at all.

Delong did not take that agreement seriously. Isn’t it just a piece of legally binding white paper? Then let’s start with the law.

I have to say that Delong Group does have many talents, and they quickly found an absolutely exquisite countermeasure.

They first found the equity transferor Yanjing Guohe, and worked in private, and then a merger and acquisition drama officially started.

Tunhe Co., Ltd. first injected 50 million yuan into Yihe Fengye, and Yanjing Guohe provided joint and several liability guarantee. As a result, nothing unexpected happened, Yihe Fengye misappropriated the 50 million yuan as soon as possible.

Immediately afterwards, Tunhe Co., Ltd. learned the news immediately and quickly filed a lawsuit in the court, suing Yihe Fengye and the guarantor Yanjing Guohe.

A dramatic scene occurred. After mediation by the court, Yanjing Guohe complained that he had no money, but proposed to use the st Zhongyan equity that had not yet been delivered to compensate Tunhe shares for the 50 million losses.

Zhongjing International has an equity subscription contract and Delong has a civil ruling. The matter should end at this point, but the fact is not. After all, this is the first instance and is not very safe. In order to avoid legal risks, the drama must continue to be performed.

The court gave a ruling in the first instance, but Yanjing Guohe refused to comply. Tunhe Co., Ltd. took the opportunity to appeal. The High Court quickly issued a civil ruling, ruling that Yanjing Guohe must use the shares of St Zhongyan in his hand to compensate Delong Group for the losses.

Since then, Delong has become the largest shareholder of St. Zhongyan. Zhongjing International, which has a deep background, has been fooled, and the equity transfer agreement in its hands has become a piece of waste paper.

With the change of ownership of st Zhongyan, the storm should have subsided, but this does not mean the end of the dispute. Zhongjing International is a national company, so how can it be bullied?

As Delong Group took over St. Zhongyan, it was first controlled by the board of directors by Di Zhongyan International, and then the restructuring plan was rejected by the China Securities Regulatory Commission one after another. Anyway, all kinds of bad things emerged one after another, such as the second shareholder's privately split the funds raised from the listing and privately evacuated the group headquarters... and so on, the regulatory authorities ignored it.

The macabble in this is actually very clear to all parties involved. The tragic ending of the Delong Group a few years later had already laid the groundwork in the equity battle between St. Zhongyan.

...

St. Zhongyan's restructuring lasted three years and was the longest restructuring among all listed companies under the Delong Group, with the longest restructuring time, the most formal and professional asset restructuring.

Ironically, it is precisely because of the existence of a third party that St. Zhongyan has become the only listed company in the history of Delong Group that has successfully integrated and has absolute control.

St Zhongyan now has no loan, no illegal guarantee, no high-interest financing, no asset mortgage, it is simply outrageous. No wonder the Delong Group sold it for sale and cashed out after the successful restructuring. It was unable to get money and was always stared at by someone who was interested. What's the point of using it for you!

Perhaps, Tang Wanxin, a great tycoon of the generation, regretted it!

...

Chen Qiaoshan felt a little miserable. The stock he just bought fell to the limit two consecutive times. He worked hard for more than a month and lost half of his profits in two days.

Fortunately, he was mentally prepared. Even though he said that, he still felt a little distressed. The hated stock he bought was only 5%, otherwise he would lose all his money.

Chen Qiaoshan was still a little sure of it. He knew that the Delong Group would recently acquire the shares of Zhongyan Group and complete its absolute control over Zhongyan.

Of course, the price paid for this acquisition will definitely not be small. Some interest groups will not withdraw easily if they do not gain enough benefits.

The main problem of st Zhongyan is that the two major shareholders broke each other. After the Delong Group settled the obstacles, the third restructuring plan was quickly approved by the China Securities Regulatory Commission.

Chen Qiaoshan was not sure about the specific time of the equity transfer, but only knew that it happened at the end of October. After the news was announced, St. Zhongyan's daily limit was hit for two consecutive weeks, and the stock price eventually doubled.

This is undoubtedly an opportunity. Chen Qiaoshan was thinking about going out to find securities companies to allocate funds, but he still gave up. In the two consecutive years of bear market, it is estimated that those small allocation companies will run away early.

Now the China Securities Regulatory Commission strictly prohibits the allocation of capital and stock speculation. Regular securities companies will no longer provide financing services to individuals, and large financial institutions will no longer participate.

Of course, it is impossible to completely eliminate it. Some small brokerages will provide financing, but they will strictly control risks and charge not low fees. If you want to speculate on stocks like St. Zhongyan, you will be rejected 100%.

"Hey, why are you absent-minded?"

Yan Xiaoqin's voice suddenly sounded in her ears. Chen Qiaoshan looked up and found that she was staring at her.

"It's okay, I just suddenly remembered something."

Yan Xiaoqin reminded: "There are only a few days left before the exam, so you have to work harder."

Chen Qiaoshan nodded and the exam was held on November 2nd.

This exam was organized by the central bank, and the Haidian test site was arranged at the National People's Congress. He was ridiculed by Sun Guangming for this matter.

In addition to paying attention to online news, Chen Qiaoshan spent the rest of his time preparing for the exam. It is rare to have an opportunity to test his true abilities, so he also wants to work hard.

"Don't worry, I'm sure I'll have no problem this time." Chen Qiaoshan said confidently.

Yan Xiaoqin frowned slightly, and she was a little worried. She said, "I heard that this exam is difficult and the pass rate is very low!" Chen Qiaoshan smiled and said, "What are you afraid of? I am the top scorer in the province, and I am still afraid of this?"

Yan Xiaoqin ignored him and just reminded him: "You should be serious and never have any accidents. I have heard that you and Li Xiaolin took this exam in the experimental class. If you fail, you will lose yourself!"

"You know all this, who did you hear?"

Yan Xiaoqin smiled and said, "Guess!"

Chen Qiaoshan thought for a while and said, "Is it Wang Qian?"

"How did you know?" Yan Xiaoqin was a little confused and felt a little strange. Could he guess this?

"Don't you have a good relationship with Wang Qian? I guess she can tell you all this."

Yan Xiaoqin was a little dissatisfied and retorted: "I basically know everyone in the experimental class. How can you be sure that she told me?"

"The key is that apart from Wang Qian, I haven't seen anyone you talk to in private. We usually go to self-study together."

"Is Li Xiaolin not okay? I'm very familiar with her."

Chen Qiaoshan was a little surprised and asked, "I haven't seen you yet, how can you get in touch? When did you two get together?"

Yan Xiaoqin smiled and said, "I don't know. She often goes to take the professional courses I take, so we will naturally become familiar with each other."

Chen Qiaoshan felt a little strange.

Yuanpei implements general education and chooses professional courses at school. Yan Xiaoqin chose a communication course under his suggestion. There is no such a coincidence in the world. They happened to meet.

"What do you usually talk about?" Chen Qiaoshan asked calmly.

"I didn't say anything, it's basically the school business. By the way, Li Xiaolin has also asked me about your situation."

Chen Qiaoshan suddenly realized that it seemed that it was just as he thought, and all this was probably not a coincidence.
Chapter completed!