The Son of Finance of the Great Age

  Chapter 298 Fund-raising rights issue

Song Ling knew very well that no matter how difficult it was, companies like COSCO China would not be short of cash flow. As long as they complained to their immediate superiors, a note would be approved soon, and when the time came, banks in the mainland would have to borrow money even if they didn't want to borrow money. Take out the money obediently.

Since Li Xi understood Zhang Baiqing's intention to come, he was certain that he was planning to borrow short-term working capital from Xiarun Group, so he felt a little reluctant in his heart, and raised his head and said, "What's the problem? At worst, Chairman Zhang can raise funds from the market for rights shares." Well!"

  Fund-raising rights issue is a name for allotment of shares in the Hong Kong capital market, and it is essentially a type of additional issuance. For example, the company's original share capital is 1 billion, and now it has decided to allocate an additional 100 million new share capital to all shareholders. This kind of additional issuance for all shareholders is called fund-raising rights issue. Generally speaking, this additional issuance is based on the shareholding ratio on the record date, that is, the purchase quota of shareholders, which is generally increased by 10% on the basis of their original holding ratio. If the purchase is made, the original shareholding ratio remains unchanged; if no purchase is made, the original shareholding ratio will be diluted.

  In addition to raising funds, the rights issue has another function, which is to break the original shareholder structure. The major shareholder can take advantage of the poor flow of funds of other shareholders to dilute his shares and take the opportunity to achieve the purpose of controlling the board of directors.

It's just that this method of raising funds is obviously not suitable for the current Huaxia Ocean, because the price of Huaxia Ocean fluctuates violently. On the one hand, it is difficult to determine the price of the rights issue. On the other hand, it is suspected of misappropriating money. Be sure to admit it. And most importantly, it may take some time from the announcement of the allotment of shares to the final implementation. Although there is help from the underwriter (investment bank), for the current China COSCO, it is obvious that the distant water cannot save the near fire.

  As for other behaviors such as stock splits, bonus shares, and share increases, they are all calculated based on the current total market value. The purpose is to increase liquidity and is a means of raising funds. But all of these have prerequisites, that is, when the market conditions are good and investors have a strong desire for liquidity in such stocks. But now the market is bleak, and once similar news comes out, analysts will immediately think that this company may not be able to die, which will cause a greater decline.

  When Zhang Baiqing smiled wryly and explained these door-to-door methods to Li Xi, Li Xi also fell silent. To be honest, Li Xi was not very familiar with the financial market at first, but he just learned a few new terms in Hong Kong in the past few years, so after hearing what Zhang Baiqing said, he realized that his proposal was a bit inexplicable.

  But Li Xi can sit in this position, obviously he is not easy to be with. Maybe he doesn't know much about the financial market, but his understanding of people's hearts has reached a level of proficiency.

   "Since this is the case, then Zhang Dong is here this time, what can we do?"

   Li Xi touched his nose with a confused expression. Before Zhang Baiqing could answer, he went on to say: "Mr. Zhang, you don't know that our company's stock price has also fallen recently. The board of directors has spent a lot of money to protect the market, and the cash reserve is also very short now. !"

  The implication is that borrowing money avoids negotiating.

   Zhang Baiqing didn't understand his implication? However, his trip was not to borrow money from Xia Run, and he quickly replied: "Mr. Li, the market is not good now, how can I drag down my brother's company? Don't worry, I am here this time, absolutely not In order to borrow funds from your Xiarun Group."

Li Xi heaved a sigh of relief when he heard that he was not borrowing funds from Xia Run Group, but it also made him more curious about Zhang Baiqing's intentions. ", Zhang Baiqing's coming this time is a bit unreasonable.

   Could it be? Li Xi turned his eyes and glanced at Song Ling who was listening attentively. A thought suddenly came to his mind: Could it be that this old fox came for him? It doesn't make sense, since I don't have any cash here, how can he, a mere department manager, have a connection?

how can that be? But what surprised him was that before he gave up on what he thought was absurd thought, he heard Zhang Baiqing say flatteringly: "You have no choice, Mr. Li, but brother Song has a way! Now who doesn't know, Song Brother is the God of Wealth!"

  Song Ling's face changed, and he had already seen Zhang Baiqing's provocation. Although he didn't know why, he still explained it to Li Xi immediately.

  Zhang Baiqing was not in a hurry, he lit a cigar as thick as an arm and began to taste it leisurely.

  After a while, Li Xi's face turned from red to white, then from white to green, and then turned blue, as if opening a dyeing workshop. After Song Ling finished speaking, he let out a long breath and said lightly: "Since this is the case, then you should think of a way to help Zhang Dong overcome this difficulty."

  At this time, his heart was fluctuating like a stormy sea. Li Xi never expected that there would be such a capable person under his command, who would be favored by the Zhuge Pavilion and be in charge of an astronomical amount of funds. He also knew that under such circumstances, internal and external secrecy had become inevitable, so he did not blame Song Ling too much.

In fact, not only did he not mean to blame, but he was also very excited because he accidentally learned that his subordinate had actually boarded a ladder. Come on the pillow, how can people not be excited!

"How about it, Brother Song, I believe you understand the current situation of my brother. We are comrades-in-arms in the same trench, so you can't just ignore death!" Seeing that Li and Song had finished talking, Zhang Baiqing immediately put on With a mournful face, he begged in a low voice.

  If it was another person with a lower status, Song Ling might still believe this realistic expression, but the person in front of him obviously did not make it as it appeared on the surface. But even so, Song Ling didn't dare to make a fuss, and said quickly: "Mr. Zhang, since you know about this, I can't hide it. Don't worry, I will report the situation of Huaxia Ocean to Hualian News Agency and Aihua News Agency." The two organizations believe that the rescue funds will be approved soon."

   "Little brother!"

The sadness on Zhang Baiqing's face became more intense, and he kept shouting: "Little brother! I call you brother now, you will not give me this face. I know, to get approval from those two organizations, at least In a week's time, who doesn't know that you have tens of millions of liquidity in your hand, as long as you leak a little to Sino-Ocean, you can help us get through this crisis."

Song Ling was silent, lowered his head and thought for a long time, then suddenly gritted his teeth, raised his head and said loudly: "Okay! I will enter the market tomorrow to protect the stock price of Huaxia COSCO. At that time, Mr. Zhang, you can sell part of the raised funds first, and wait until the stock price I will buy it back when it is low, and the amount will be around 10 million." Apparently, he has agreed to Zhang Dong's request.

   This is the transfer of funds in disguise. Anyway, the funds are not Song Ling's personal, and now they can be sold as personal favors. Since his goal has been achieved, there is no need to make any more decisions.

Seeing Song Ling agreeing so straightforwardly, Zhang Baiqing obviously underestimated, and his expression was a little astonished, but he reacted quickly, and immediately put on a smiling expression, raised his glass and said, "Brother Song is happy, brother, I am here Thanks in advance. Come, let's have a toast for future cooperation."

   "Slow down!"

Song Ling covered the wine glass and said loudly: "Mr. Zhang, we are able to cooperate at this time, mainly because of our Mr. Li. If Mr. Li hadn't given the younger generation a chance, I wouldn't be sitting here. Isn't it Let's toast Li Dong first?" He was giving all the credit to Li Xi.

Zhang Baiqing's movements were stagnant, his arms trembled slightly, and he almost spilled the wine in the glass, but he stabilized his mind, turned the glass to Li Xi, and said, "Mr. Li, you have cultivated a good talent. Thank you in advance. I don’t know if Chairman Li is interested in parting with him. If so, we Huaxia Ocean will give Brother Song the position of vice chairman.”

Li Xi also took advantage of the opportunity to raise his wine glass, and said with a smile: "Brother Zhang, this is wrong. Song Ling is a talent we have vigorously cultivated internally. How could he let him go so easily? Brother Zhang, stop talking about poaching, otherwise I will I'm going to turn my face." He said he was turning his face, but the smile on his face, how could he really have a grudge?

   Without waiting for Zhang Baiqing to reply, Li Xi went on to say: "I hope that with the help of the central government this time, we can all tide over the difficulties. Come on, let's have a drink."

  The three wine glasses collided heavily, and then there were three crisp "chiliu" sounds. The three drank the Moutai in the glasses, then looked at each other, and laughed in unison.

  Since the goal was achieved, Zhang Baiqing didn't stay any longer, and left after saying a few gossips. He still had to prepare for tomorrow's deal.

After Zhang Baiqing's figure disappeared outside the private room, Li Xi's originally smiling face immediately disappeared, and he snorted heavily, turned around and said dissatisfiedly to Song Ling: "This old fox has made a lot of money by himself. It’s really too greedy to actually think about the country now.”

  Song Ling could only laugh for a while, not daring to answer.

Seeing that Song Ling didn't reply, Li Xi also felt bored, turned around and sat down in his seat, thought for a while, put on a smiling face again, and said to Song Ling: "Xiao Song, you said that our Xiarun Group has been operating for several years. It’s good, and the stock price is rising steadily, shouldn’t we give back to the market and do something like dividends?”

  Song Ling, who was lowering his head, tightened his heart, his face twitched suddenly, he became dumbfounded, and couldn't say a word for a long time. Now that he was talking about this, why didn't he understand that his boss also had the idea of ​​this fund.

   PS: Recently, TVB has a new drama called "Dian Jin Sheng Shou", which roughly talks about insider trading in the stock market. It has played three episodes so far. To be honest, it is quite good. I don’t want to comment on the content. There are some nouns in it. I will explain them to you in the book. At present, there are two names. One is the white warrior, that is, the white knight. I have mentioned it earlier in the book. The other one is the fund-raising rights issue, which I will explain to you in this chapter today.

  (end of this chapter)