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Chapter 140: The End of Xie Tengfei

Xie Tengfei hurriedly turned on the TV and moved to the financial news column.

The host is talking about Tengfei Group’s overseas department store.

This is a provincial-level TV station, and there are also station-based reporters in the United States. The station-based reporters immediately went to the department store for on-site inspection and found that most of the shops in the department store were empty and the traffic was pitifully small.

If you say that such a department store can make a profit, who can believe it?

The reporter started interviewing the businessmen in the department store. These businesses were all Chinese. They were complaining that the department store did not do well in attracting traffic and did not understand the needs of the Americans. The design structure of the department store was incompatible with the United States.

Yes, they have already planned to evacuate.

Moreover, the location of the department store is not good, close to violent neighborhoods, and murders often occur around it.

Many markets in this place are controlled by some bosses.

At the beginning, Xie Tengfei was eager to make progress and wanted to achieve results overseas. He also invested money without careful investigation under the lobbying of the American supervisor.

After seeing this report, Xie Tengfei's eyes turned black and he collapsed on the boss's chair. He never thought that this matter would be dug out.

Vice President Zhou Delong's legs also became weak. He knew very well what this meant. As expected, the stock price of the soaring stock began to plummet again.

Junhao Hotel.

When Lin Bufan saw that the stock price of Tengfei Group fell to 11 yuan, he asked Zhang Yini to start selling Tengfei stocks.

Zhang Yini frowned and said, "Aren't we losing this?"

When I bought it, it was more than 12 yuan, and now selling it will also cause losses to me.

"In a war between the two armies, there is no way to lose one soldier and one soldier. Our goal is to beat Tengfei Group to the death. In addition, don't worry, the money we lost in stocks will be compensated from other places." Lin Bufan

He said with a smile.

"Well, I believe you, I'll sell Tengfei stocks now." Zhang Yini, following Lin Bufan's instructions, sold out the Tengfei stocks he bought a few days ago.

After the stock was sold, the investors who held Tengfei stocks were completely desperate. This was the rhythm of collapse.

In a certain stock market hall.

More than a dozen investors holding Tengfei stocks stared at the K-line chart and said, "It has fallen to 9.6, and it is going to be suspended. Sell quickly, otherwise you will lose to death."

But the problem is that no one will accept it if you throw it away.

This caused even greater panic.

At the same time, several major shareholders of Tengfei Group requested an emergency board meeting.

Xie Tengfei had no choice but to go to the board of directors.

When I arrived at the conference hall, I saw more than 20 shareholders with dark faces.

Xie Tengfei was full of bitterness and regretted not to provoke Shengshi Company.

"Mr. Xie, please give us an explanation, why do American department stores suffer losses?"

"Didn't your statement last year show profit status? You are falsifying. Now our Tengfei Group is internal and external troubles, and the stock price plummeted. Do you know how much we have lost?"

More than 20 shareholders lost more than one billion in one day.

Tengfei Group's market value has shrunk from 10 billion to less than 6 billion, and its market value has evaporated by 4 billion.

Xie Tengfei said weakly with sweat on his face: "This time it is indeed my problem, I apologize to everyone."

"Is it over to apologize? You must be responsible." A major shareholder in his 50s stood up and scolded, "The reason I invest in Tengfei Group is to believe in the chairman. You can lead me to make a fortune, but I didn't expect to give it to you now.

The huge losses I have brought.”

"Before, our son's extraordinary behavior caused us to suffer heavy losses. Now, your data is falsified and the stock crash is causing a devastating blow." A major shareholder in his 40s who is in his 40s denounced, "You are now

Not worthy of leading us, I propose to re-election of the chairman.”

"Yes, now only if you resign, can we give us a way out, otherwise the investors will not believe in our Tengfei Group, and the trust crisis will directly lead to bankruptcy."

More than a dozen shareholders asked Xie Tengfei to resign.

Xie Tengfei grinned, his eyes turned red, "You invested in Tengfei Group and were optimistic about the market, and believe me, now there is just a small problem. In the shopping mall, who can always be invincible? At this time, we

It should be united."

Xie Tengfei is the founder of this company, and his equity has reached more than 53%.

Here we need to make it clear that there is a difference between equity and shares.

Xie Tengfei holds 34% of Tengfei Group's shares, but has 53% of the shares.

For example, there are 4 people who start a company together, each of whom takes out 250,000 yuan, the company's assets are 1 million yuan, and the shares are 25% each, but two of them are investors, just invest money, and the other two are managers.

, we must be responsible for the company's affairs in detail. In order to avoid internal friction and conflicts, the two managers in charge of the company proposed to demand more equity, so their equity became 60%. In this way, when it comes to important decisions, they both

It has more say than the people who invest money and can decide the company's route and decision-making.

When distributing dividends, they are still distributed according to the proportion of investments of four people. For example, if you make a profit of 1 million, each person can still get 250,000.

The advantage of separating equity and shares is that it is easy to manage.

Tengfei Group has experienced more than 20 years of development and investors have been continuously entering, which has diluted Xie Tengfei's shares. In order to prevent the loss of power in the future, Xie Tengfei firmly controlled the shares.

Because Xie Tengfei has 53% of the equity, the proposals of several major shareholders are naturally unavailable.

When she returned to the office, Xie Tengfei was so angry that she trembled.

By the close, Tengfei's stock price was lower than 6 yuan.

The entire Tengfei Group is shrouded in dark clouds.

Junhao Hotel.

Lin Bufan, Xu Da and Zhang Yini celebrated with champagne.

"Hahaha, this battle was so beautiful. Tengfei Group is on the verge of bankruptcy." Xu Da said happily.

"It can be considered as avenging me for an arrow." Zhang Yini's tone was considered a sign.

"Do you think it's over?" Lin Bufan shook his wine glass and smiled mysteriously, "It's still one last step away."

"One step left?" Xu Da and Zhang Yini asked in confusion.

"Well, this time we sell Tengfei stocks, plus the 2 million yuan from Lanshan Villa, we will lose at least 10 million yuan. This money will be recovered from Xie Tengfei." Lin Bufan said with a smile.

"How to get it?" Xu Da asked.

"You will know when you go to Yanxia Bank with me tomorrow."

Tengfei Group's real estate development in Guishan has a total investment of 3 billion yuan. These 3 billion yuan are borrowed from Yanxia Bank. Generally, bank loans will sign protection agreements. For example, a company has a market value of 1 million yuan, and asked the bank to borrow 500,000 yuan to buy a set.

House. When the market value of this company is less than 500,000, the bank can confiscate the house directly according to the contract.

The contract signed by Tengfei Group and Yanxia Bank clearly stated that if Tengfei Group's market value dropped from 10 billion to 5 billion, Yanxia Bank could directly confiscate Tengfei Group's land in Guishan and all the properties built on the land

.

The next day, 20 minutes after the stock market opened, Tengfei Group's stock price fell to 5 yuan and was suspended directly.

Lin Bufan, Xu Da and Zhang Yini came to Yanxia Bank.

Xie Tengfei hurried to Yanxia Bank. For the sake of the present, he had to use all his shares as collateral and hold Guishan's real estate.

It depends on whether Gong Tianhe from Yanxia Bank is willing to help Xie Tengfei.

When we arrived at Yanxia Bank, Xie Tengfei had just arrived at the president's floor on the top floor and saw Zhang Yini and Xu Dalin Bufan walked out of the president's office with a smile.

Xie Tengfei had a bad premonition.

Lin Bufan had long expected Xie Tengfei to come.

Zhang Yini walked to Xie Tengfei with a smirk and said, "Dr. Xie, you are late. Guishan's real estate already belongs to our Shengshi Company."

After Tengfei stock was suspended, Gong Tianhe adopted Guishan's property rights to Shengshi Company, which means that Shengshi Company was borne 3 billion yuan in debt, but he obtained Guishan's development property rights without spending a penny. As long as he waits for Guishan's property rights, he just needs to wait for Guishan to return.

If the house in the mountain is built and once it is sold, the debt of 3 billion will not be a problem.

Lin Bufan roughly calculated that Guishan's real estate can make at least 5 billion yuan, which is the figure obtained by deducting 3 billion yuan of debt and annual bank interest.

As soon as Xie Tengfei heard this, he knew that Gong Tianhe had given up on him.
Chapter completed!
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