Chapter 2151 2153【Chen Taotao】
Before the market closed at noon, Xiang Nan received a call from Fang Ting and agreed with him on the time and place to meet Chen Taotao.
After the market closed at noon, Xiang Nan went to a nearby coffee shop.
“Brother~” Fang Ting saw him coming and immediately stood up to greet him.
"Tingting~" Xiang Nan smiled and walked over, and saw a short-haired man sitting next to Fang Ting, with a majestic head and extraordinary equipment.
“Mr. Chen, my eldest brother is Fang Zhanbo;” Fang Ting introduced helpfully, “Brother, my boss is Chen Taotao.”
"Mr. Chen, you are indeed more famous in person. You are indeed a young talent on Wall Street." Xiang Nan smiled and said, "My sister will definitely learn a lot by following you."
"Mr. Fang, you are not simple either. I heard from Tingting that you are also very knowledgeable in stock investment." Chen Taotao also said with a smile.
"It''s okay, mainly because I have a good master." Xiang Nan said modestly, "Mr. Chen, I know that you led the team to Hong Kong this time to check the accounts of all listed companies owned by Chen Wanxian. To be honest, I can Help you.”
“Mr. Fang, this is a secret of our company. I’m very confused. How did you know?” Chen Taotao asked doubtfully.
Even Chen Wanxian himself did not expect that he led a team to check Chen Wanxian''s account this time. Xiang Nan knew everything clearly, which made him feel confused.
“It’s actually very simple. Tongbao Bank holds more than 2 billion Hong Kong dollars in shares of Chen Wanxian’s listed company, and Chen Wanxian’s hands and feet have always been very dirty. My father had a falling out with him because of this.
In the past year, the Xiangjiang stock market has turned from a bear market to a bull market. The trading volume has become larger and larger, and the market value of listed companies has also been rising. However, the stock prices of Chen Wanxian''s seven listed companies have been languishing, and the profits disclosed are pitifully small.
?So your Tongbao Bank must be dissatisfied and will send someone to check the accounts sooner or later. And Chen Wanxian is an old fox, so naturally he will not give in. Therefore, if Tongbao wants to check the accounts, he can only get the controlling stake first.
To obtain a controlling stake, an elite who is well versed in stock investment must come forward. And Mr. Chen, you are the vice president of Tongbao Securities. Last year, you led the team to earn hundreds of millions of dollars. If Tongbao didn''t make a big move, how could he touch your big Buddha? Xiang Nan explained.
After hearing this, Chen Taotao couldn''t help but admire Xiang Nan''s analytical ability.
Everything is just as Xiang Nan said, Tongbao Bank purchased a large number of shares of listed companies under Chen Wanxian’s name last year.
?At that time, it was 1984, and both the property market and the stock market in Hong Kong were falling. Tongbao Bank, on the other hand, took what others gave away and bought a large number of stocks in the hope that the stock price would rise after the bad news was out, so as to make profits.
Unexpectedly, in 1985, the stock market and property market in Xiangjiang recovered, and the stock prices of other companies began to rise. The stock prices of the seven listed companies owned by Chen Wanxian have always been sluggish, making Tongbao Bank unprofitable.
?Furthermore, the company''s profits were pitiful and the accounts were very suspicious, so Tongbao wanted to send someone to check the accounts. And because of the old grudge with Chen Wanxian, Chen Taotao took the initiative to ask for help this time.
“Brother, you are so awesome.” Fang Ting also said with admiration.
Xiang Nan said that this information is actually public information. The stock prices of Chen Wanxian''s seven listed companies are sluggish, Tongbao Bank holds a large number of Chen Wanxian''s stocks, Chen Taotao is the most powerful Chinese elite on Wall Street... these information can be found in newspapers and magazines.
But Xiang Nan could rely on this information to infer that Chen Taotao was here to check on Chen Wanxian, which was really smart.
…
“Mr. Fang is indeed very smart. Now I want to know how you can help me?” Chen Taotao nodded again.
"As Sun Tzu said in the Art of War, if you know yourself and your enemy, you can fight a hundred battles without danger. I believe you don''t know yet, but Chen Wanxian''s seven listed companies are jointly controlled." Xiang Nan said.
When Chen Taotao heard this, his expression changed.
“Brother, what is Lianxian Holdings?” Fang Ting asked quickly.
"The seven listed companies under Chen Wanxian''s name are mutually controlled. If you acquire one, you must also acquire the other six." Xiang Nan explained, "The funds and difficulty will increase exponentially."
"Wow, he is so cunning." Fang Ting said in surprise when she heard this. "This is the power of the crocodile." Xiang Nan nodded.
? Chen Taotao was too careless at first, thinking that he would not look down on the Hong Kong stock market because of his experience in fighting on Wall Street.
??So he didn''t do any investigation in advance. He didn''t even know such important information as Chen Wanxian''s seven listed companies being jointly controlled, and he rashly started to buy goods.
??Now, he has driven up the stock prices of seven listed companies, and a lot of his funds have been consumed. The next step will definitely not be enough for acquisitions.
So he almost failed in this acquisition.
…
??Chen Taotao couldn''t help but frowned.
Chan Man-hsien''s seven listed companies previously had a market value of HK$5 billion. Now the stock price has soared and has expanded to more than 10 billion Hong Kong dollars.
To acquire these seven listed companies, he will need at least HK$2 billion in capital. And even for American Tongbao Bank, it is not easy to come up with so much money.
So, he can only bet that one of the seven listed companies controlled by Chen Wanxian is hollow. In other words, absolute control is not achieved.
In that case, he can still make a comeback. Otherwise, he would have no choice but to return to the United States in despair.
?With such a huge loss, his fate can only be kicked out by Tongbao, and he will be reduced from a young talent famous on Wall Street to a lost dog in one fell swoop.
But it’s not that easy for him to gamble. Chen Wanxian has seven companies under his name, and each of them may be hollow. If he wants to bet, he only has a one-seventh chance of winning, and the failure rate is as high as 86%.
So, the risk is still very high.
"Mr. Fang, can you help me?" Chen Taotao looked at Xiang Nandao.
"I do. However, any strategy requires corresponding strength to implement." Xiang Nan nodded, "With all due respect, Mr. Chen, you don''t have that strength."
“What do you mean?” Chen Taotao asked in confusion.
"Two armies have always faced each other. Before the soldiers and horses move, food and grass go first. Mr. Chen, according to my estimation, your food road will be cut off soon." Xiang Nan explained.
“Why do you say that?” Chen Taotao was surprised.
“Mr. Chen, you are proficient in stock trading, but not in human nature.” Xiang Nan smiled and said, “That’s all I have to say today. Whether I am right or not will be revealed in two days.”
Today is his first meeting with Chen Taotao, and Xiang Nan is not ready to tell him everything.
The Buddha said that sutras should not be passed down lightly, nor should they be taken in vain. His information was priceless, and Chen Taotao was not his friend yet, so naturally he couldn''t tell him so easily.
??Chen Taotao nodded and did not continue to ask any more questions.
Xiang Nan just met him today and has already told him two crucial pieces of information. Otherwise, he might still be stupid.
“Mr. Fang, thank you.” Chen Taotao nodded.
"You''re welcome." Xiang Nan smiled.
(End of this chapter)