Grassroots lawyers also have spring

Chapter 539 My God!That's enough to make a Hollywood blockbuster!
"By the way, lawyer Pan Yuanyuan called me before and said that there was an investment project that she wanted us to help with due diligence, and she said she had already called you!" Wen Yu said.

"Well, I know about this, how about it? When will their company let us enter?" Wang Chuan said.

"Lawyer Pan didn't say anything. I looked at the information provided by the other party. Some of the data in the financial statements are not correct, and some businesses have no qualifications. I will ask her to find out more. There will be no more below. It is probably yellow!" Wen Yu said .

"You know finances well! Amazing!" Wang Chuan said in surprise.

"I know a little bit, but I'm not good at it! Financial statements are often involved in non-litigation projects, so I later taught myself accounting and taxation.

In the past few years, I went around with the team to do projects, and I have worked with many accountants, so I have some practical experience in finance.That's all! "Wen Yu smiled.

"This is not easy. I get dizzy when I see the financial data, and I will learn more from you in the future!" Wang Chuan laughed at himself.

"This business trip, Ah Zi, where did you go to see the project again?" Wang Chuan chatted.

"Ah Zi?!" Wen Yu asked suspiciously.

"It's Mr. Chen, Chen Zi. We've known each other for many years, and I call her Ah Zi in private." Wang Chuan said with a smile.

"Oh! We went to Xiamen this time, and we were almost cheated by the other party." Wen Yu said angrily.

"What's the situation?" Wang Chuan asked in surprise.

"Someone introduced a friend to Mr. Chen before. It is said that this friend holds shares in a listed company. Now that friend is a little tight and wants to sell a part of the shares to Mr. Chen at a low price. The amount is quite large. It is said that the value 2000 million." Wen Yu said.

"No, it would be fine if the shares of a listed company were directly traded in the secondary market. Why should they sell them at a low price in private! This is not in line with common sense, and it does not conform to the trading rules!" Wang Chuan was surprised.

Although he doesn't do the listing business, Fatty Wan trades in stocks. He once asked Fatty Wan about stock trading out of curiosity.

"Well, you are right. I also feel quite strange, but the conditions offered by the other party are very attractive, so Mr. Chen took me to meet the other party.

After we met, I found out that the friend who sold the shares was surnamed Gao, and he was the owner of a company.He is holding company stock indirectly through an institution.

To put it bluntly, he was fooled by an institution and paid for the financial product of that institution. The funds raised by this financial product were specially used to purchase the original shares of listed companies.

In other words, he does not directly hold shares in listed companies.The share transfer he mentioned is actually the transfer of his share of financial products to Mr. Chen.

It is said that the company will hold a bell-ringing ceremony for listing on the Hong Kong Main Board in the near future.He invited us to go to Xiamen to watch the ceremony and witness the listing of the company.

After chatting for a long time, the other party kept emphasizing that as long as the company rings the bell and the stock lock-up period has passed, Mr. Chen can sell the original shares he holds and harvest a large amount of leeks, which will definitely make a lot of money.At that time, Mr. Chen was overwhelmed by what the other party said.

You don't know the atmosphere at the scene. If she doesn't stop her, she can sign a contract and pay for it immediately.

When I heard that it was a company from Xiamen, I murmured in my heart. You don’t know, a few years ago, a bank in Hong Kong had a mortgage loan project. The collateral was in Xiamen, and the borrowing company was also from Xiamen. The banks in Hong Kong entrusted lawyers in Hong Kong to do due diligence.

But the lawyers in Hong Kong didn't know what was going on, and gave legal advice without coming to Xiamen to verify the mortgage assets.

Later, the loan was overdue and became non-performing, and the company in Xiamen disappeared. When the assets were seized, it was discovered that there was no collateral at all. The location of the mortgage assets was not a building, but a public toilet, and the collaterals were all fake. , Certificates of property rights, mortgage certificates and other documents are forged.

This incident was widely circulated in our circle at that time, and many institutions directly focused on projects in the southern coastal areas for investigation and conducted a round of major inspections. "Wen Yu said lively, Wang Chuan listened thrillingly.

"It's so powerful that even financial institutions can be deceived!" Wang Chuan said in surprise.

"That's right! After persuading Mr. Chen for a long time, Mr. Chen reluctantly agreed to wait until after the company's listing bell ringing ceremony, and I will investigate before confirming the transfer of shares.

This is not last week when we were invited to Xiamen to watch the ceremony. The listing bell ringing ceremony was held at the Xiamen International Conference Center Hotel.

The venue was full of seats, and the company also invited many big names and celebrities from the financial industry to attend, making it very grand.But then I checked on the official website of the Hong Kong Stock Exchange, and a strange scene appeared. There was no such company, and the stock code was wrong.

I was afraid of making a mistake, so I called the company again to confirm the relevant information. The company was sure that they were listed on the Hong Kong Stock Exchange, and the stock code was correct.

Later, I specifically asked a colleague who had been listed on the Hong Kong Stock Exchange, and he checked for me. During the listing time period mentioned by the company, only three companies passed the hearing.And among these three companies, there is no company that we went to participate in the bell-ringing ceremony.

The so-called hearing is a necessary procedure for listing on the Hong Kong Stock Exchange, and it usually takes place about one month before the company goes public.Later, I asked that colleague to check this company for me, but he also couldn't find any information about the company's listing on the Hong Kong Stock Exchange. " Wen Yu said.

"Then... what happened next?" Wang Chuan opened his mouth in shock.

"Later, I told Mr. Chen about the investigation, and Mr. Chen was dumbfounded. Fortunately, she did not accept the original shares at that time, avoiding losses.

Yesterday, the Xiamen Municipal Financial Supervision and Administration Bureau issued an announcement on its official website, saying that the news of the company’s listing in Hong Kong was untrue, reminding the general public and investors to pay attention to identification. " Wen Yu said.

"My God! This is enough to make a Hollywood blockbuster! This company can be deceived." Wang Chuan sighed.

"It's not necessarily that the company is deceiving people. Maybe the company is also a victim. Now the capital market is very chaotic! Some law firms and intermediaries take advantage of information asymmetry to defraud huge service fees on the grounds of going public.

Have you heard that in the past NASDAQ listing required a queue to get a number?No number can not arrange listing! " Wen Yu said.

"Queue up to get a number to go public? Isn't this the case of going to the bank to withdraw money and queuing up to get a number? Isn't this nonsense? Anyway, I haven't heard of it. Maybe I'm ignorant, I only heard that after the company submitted the listing materials Waiting in line for review." Wang Chuan shook his head.

"The lawyers of some organizations and law firms are fooling the bosses of the company in this way. They also say that the number in Asia is limited. If you want to queue up to get the number, you have to pay a high service fee first. Many bosses have been fooled.

In fact, the company was not qualified for listing at all, and the other party made the boss think that listing abroad was as easy as opening a bank account, so he signed the agreement.

If it fails to go public at a later stage, law firms and intermediary agencies will put all the responsibility on the company. This will not work, and that will not work. In fact, they already know that the company will not go public, but they are just cheating on service fees! "Wen Yu said helplessly.

(End of this chapter)