In just a few days, several listed real estate financial companies have suspended trading, and the share price has fallen too fast to stop.
Seeing this, Feng Yu was not very happy. It's not that he didn't short these companies, but that Feng Yu didn't wait for the scene he wanted to see, that is, LiangFang group came out to take over the offer.
If Fannie and Freddie do not come out to take over the offer, there will be variables in the matter, which will have a great impact on Feng Yu's plan.
It seems that these companies applying for bankruptcy protection are not big enough, the market value is not big enough, and the influence is not big enough. Only a top company in a row applies for bankruptcy protection, can we make LiangFang group take over quickly.
And this company, Feng Yu has long chosen, is the new century financial company, the second largest subprime loan enterprise in the United States.
However, the company's negative news also released a lot, the share price fell all the way, and even did not stop trading!
The influence of this company is too great to stop trading. And some people are trying to save the market with money.
Now there are some rumors coming out here, which are negative news about Feng Yu.
It's said that the wind and rain holding group can't spend all the money now. Then Feng Yu takes a fancy to the new century financial company and wants to acquire it.
So Feng Yu got out these negative news, and prepared to buy the shares of the new century financial company at a low price in the stock market, which is clearly a malicious takeover!
In general, a company that has been acquired maliciously needs to change its management and dismiss a large number of employees. Feng Yu has hurt everyone's interests.
But there is another paradox in this news, that is, many shares of financial companies in the new century are held by those shareholders and not circulated in the stock market.
Wind and rain holding, even if it can acquire all the stocks circulating in the stock market, is less than 50%, and can not form a de facto holding at all. In order to complete the hostile takeover, those shareholders must be willing to sell shares to the wind and rain holding group.
In this way, the wind and rain holding group is likely to raise the acquisition price, which is also profitable for shareholders. They should support it. Feng Yu did not harm their interests.
It's because the stock price is now down, but once it really proves that wind and rain holding is buying shares of new century company, the stock price may rise back at any time.
Who doesn't know that Fengyu holding group is Fengyu's company, what industry Fengyu does and what industry makes money. If he buys the new century financial company, it will definitely make a lot of money.
At this time, Ralph also came out to explain the situation. Wind and rain holding group bought some shares of the new century financial company, but soon sold them, because they thought that the company would go bankrupt soon, and the shares would become waste paper!
As soon as the statement came out, there was a great uproar. In particular, the shareholders of the new century financial company immediately refuted publicly, saying that the wind and rain holding group was suppressing their shares, clearly intended to make a hostile takeover, and they firmly disagreed.
Moreover, their company will not go bankrupt. If investors continue to invest in their company's shares, they will surely get rich returns.
But there are not many people who believe that.
On the one hand, Fengyun holding group, a world-famous large-scale comprehensive group company, is also an enterprise of Fengyu, the God of investment. On the other side is the new century financial companies whose stock prices are falling. How do they feel like they are dying.
As a result, the stock price of financial companies in the new century fell faster after such a disturbance, which made those shareholders want to cry without tears.
Last year, many people wanted to buy their shares, but none of them sold them. I think it's a very good investment and can make more profits for them in the future.
But this year, the wind suddenly changed. They all know that the company lost a lot. Originally, even if they lost money, they could survive by issuing more shares or more bonds.
But all of a sudden, so many negative news appeared in the media that they fell to the bottom.
They don't know when they offended the wind and rain holding group or Feng Yu. Why should they be targeted? They are just a financial company with a market value of less than $3 billion. Compared with many subsidiaries of wind and rain holding, they are not worth mentioning.
After such a toss, their market value has fallen to only a few hundred million US dollars, and it will continue to decline according to the trend.
At this time, they have to find a way to apply for a temporary suspension of trading, stop losing first, and then find a way to get some good news and pull back the share price.
But they thought for a long time, and there was no good news, unless there was a lot of money to save the company. But it will take billions of dollars. But who has billions of dollars to invest in a company like theirs.
Since the negative news came out, their real estate credit default rate has exceeded 50%!
That means they have more than half of the money and can't get it back. Which legal financial company's lending also does not have 100% profit, ah, more than half of the money can not be returned, which means that their capital chain is broken.They also see that there seems to be only one way for them to apply for bankruptcy protection. Otherwise, the worse things get, the lower the value of the company. Even if they don't want to, there is no other way. Bankruptcy protection also gives them a chance to breathe.
In this case, the new century financial companies have to apply for bankruptcy protection to the court, and at this time their company's share price has fallen to the bottom, the market value is less than 100 million!
The new century financial company announced that it would sell most of its assets within one and a half months, including loans, securitization rights and interests, as well as their stores, business outlets, application centers, service platforms, etc., as well as computers and other equipment.
Of course, they have to fire more than 3500 employees at one go, but that doesn't include brokers and mortgage workers.
That is to say, there are more than 3500 of them who don't care about their staff, which shows how heavy the company's burden is. And there are more than 55000 brokers and loan related staff. These people are also the assets of the company, and they are relatively high-quality assets.
In this way, shareholders' rights and interests can be guaranteed, and the pot will be thrown out.
Who is the one who receives the pot? No accident, it's the LiangFang group.
When he saw the news, Feng Yu finally showed a relaxed smile, the plan was successful, and finally he could rest assured.
…… (to be continued. )