When the Shanghai Composite Index reached a historic peak in 2007, Han Shaorong's net worth reached 100 billion, and the capital directly controlled by Huamao also exceeded 200 billion, making it a behemoth anywhere.

At that moment, Han Shaorong's usually tender heart couldn't help but feel the heroic feeling of "being able to reach the top of the mountain and see all the small mountains at a glance".

However, the combination of the year-long bear market and the financial turmoil caused by the subprime mortgage crisis caused the Shanghai Composite Index to plummet from the highest point of more than 6,300 points to the lowest point of more than 1,670 points. Han Shaorong and Huamao's main

Capital is locked in the stock market, and losses are naturally heavy.

Even though the Shanghai Composite Index rebounded and returned to 2,000 points, compared with the record high a year ago, the depth of the decline still made most investors despair.

Han Shaorong calculated that his net worth had dropped below 40 billion at this time, and the capital controlled by Huamao had dropped to around 80 billion.

Everything will prosper and then decline. Han Shaorong has long understood this truth, but another meaning of "things must be reversed when they reach their extremes" is "even if things go to extremes, things will turn out well".

When the Shanghai Composite Index fell to 2,000 points, he personally secretly raised nearly 10 billion to wait for the bottom.

When the Shanghai Composite Index fell to the bottom, trading also slumped to the extreme, which made large-scale capital inflows and outflows extremely difficult.

Just like Taihua and Dongsheng stocks, when they were at their lowest, the daily trading volume in the secondary market was less than 10 million. At this time, even an additional purchase of 30 to 50 million could potentially push the stock price up.

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However, if these funds want to cash out their profits, but no other new funds come in to take over, the stock price will fall rapidly again.

In the end, I found that after a brutal operation, the stock price jumped up and down, but the profit was pitifully low, and I even lost a lot of stamp duty and transaction fees.

Large capital should have better patience. The best way to operate is to first lurk in two or three specific listed companies through both light and dark lines, and then through asset mergers and acquisitions, package the most popular concepts currently and in the next two or three years.

Enter these two or three listed companies and drive up their stock prices.

When the securities market picks up and new incremental funds come in, and the funds that were lurking in the early stage can be cashed in and withdrawn at high prices, it will be possible to obtain double or even multiple times of excess profits.

Han Shaorong locked himself in his study for the past two days, reflecting that his ideas were correct from beginning to end, and his targets were carefully selected and laid out for a long time.

For example, Dongsheng Real Estate.

Han Shaorong planned to inject 3 billion in capital and take away 40% or even more of Dongsheng Real Estate's share price. However, he later used about two years to work with Ding Zhaoqiang to put Dongsheng Real Estate into a listed shell company to achieve the curve.

Listed.

The asset quality of Dongsheng Real Estate is very high. As long as the recovery cycles of the property market and stock market can overlap, Han Shaorong predicts that after the listing of Dongsheng Real Estate Curve, it will not be difficult to increase the market value to 30 to 40 billion, and there will not be too much falsehood.

high.

By then, he will be able to earn 8 billion or more profits from it.

For example, Taihua Group.

Taihua Group itself is a listed company, with a shorter operating cycle. As long as it can hold a controlling stake, there is no need to actually do anything. As long as the securities market picks up, some good concepts can be packaged in, and Taihua Group will only have over 2 billion left before the suspension.

It is not difficult to increase the market value to around 7 to 8 billion.

And when the time comes, he can easily cash out profits of two to three billion.

The plan was beautiful, but the reality was shattered to pieces by Cao Mo.

What was wrong was that he did not fully consider Cao Mo's ability to disrupt situations.

Not only were his plans for Dongsheng and Taihua shattered by Cao Mo, but all his other plans were also affected, causing chaos.

In addition, he initially bought a lot of stocks from Taihua, Dongsheng and three other target listed companies from the secondary market. However, in order to suppress the stock prices and force his opponents to submit, the tens of billions of stocks he sucked in in the early stage were all used as bullets.

If you wipe it all out, you will perfectly miss this round of strong rebound.

In the stock market, there is a kind of pain called "being stuck" and another kind of pain called "being short".

Of course, Han Shaorong was so angry that he smashed up his house, but he didn't have the impulsive determination to continue to entangle himself with Cao Mo.

He locked himself in the study and saw no one, so he couldn't help but feel trapped in regret and anger.

In this round of confrontation, it can be said that he was completely defeated.

Although Huamao is still strong, Cao Mo not only acquired the listed company Taihua Group, but also formed a close alliance with Ding Zhaoqiang, Qian Wenhan and others.

In addition to Cao Mo's initial formation of his own industrial layout in China, and the industrial layout of Kanem and other West African countries that still have great potential to be tapped, in addition to Qian Wenhan's assets (shareholding in Xinhai Gold Industry) shrunk, there are also

In addition to a net worth of nearly 10 billion, the biggest headache for Han Shaorong in a short period of time was that after the dual shifts in monetary and fiscal policies, the Ding family completely emerged from the shadow of the crisis and regained its strength.

These three companies, plus Ge Jun's status in Dongjiang Securities and Zhou Shenhe and Qian Wenhan's influence on Xinhai Gold Industry, their domestic influence has already surpassed Huamao; plus Yu Yiming, Li Xiaodong

Get closer to them...

Huamao's current largest partner in Xinhai is Yu Jinjie, who has fulfilled his wish to become the actual controller of Xinhai.

However, after Huamao took over a small part of New Steel Union's equity from Xintaihua Investment, plus the part of state-owned shares obtained from participating in the share reform, Huamao's shareholding in New Steel Union has exceeded 20%, second only to Yu Jin's interest in New Steel Union

Lian holds 30% of the shares.

Huamao's recent two fierce sniping attacks on Dongsheng and Taihua have been thwarted, but they have made Yu Jinjie and others wary.

Han Shaorong himself felt this clearly. He felt that Yu Jinjie had evacuated him during this period and attracted other small and medium-sized shareholders and management members. He started to eliminate the collateral members of the management to avoid them becoming hidden dangers.

Han Shaorong had to calm down and reflect: Should his past behavior style change?

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Ding Zhaoqiang and Han Shaorong were both happy and sad, and learned from the pain. But at this moment, the hearts of the two brothers Lu Jiancheng and Lu Jianchao felt as if they had been blown by the cold current after the onset of winter, leaving them devastated.

At this time, the warmth and bustle of the capital market, no matter how lively it is, has nothing to do with them.

They transferred 2% of the shares of Xinhai United Bank to Cao Mo in order to drive away the tiger and devour the wolf, prompting Cao Mo and Han Shaorong to compete for the controlling stake in Taihua, and eventually attract hot money to come in, and ultimately drive up the stock price of the listed company.

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In this way, even if Taihua's controlling stake is lost, they can still get enough premium from it and not get nothing.

Who would have thought that no matter how much Cao Mo and Han Shaorong disliked each other, no matter how much they gnashed their teeth at each other, they would both carefully stick to a bottom line.

That is to say, we will never let the Lu family brothers benefit from it.

That means the Lu family must be killed first.

Therefore, the M&A fund stepped on the loan principal and interest lines of six securities companies including Guoye and obtained 50% of the equity of Taihua Group. Han Shaorong chose to remain silent and did not stalk him.

There was no fierce argument between the two parties, and the stock price of Taihua Group was naturally stable. Before the suspension, it was held firmly below 4.8 yuan per share.

At its peak, the market value exceeded 12 billion, and when the controlling stake changed hands, the market value was not even 2.4 billion.

As for the assets that Cao Mo plans to replace in the short term, the annual profit will be accurately controlled between 100 million and 150 million, which means that if Cao Mo doesn't want to, no one else will want to manipulate Taihua's stock price.

Even though Han Shaorong and Cao Mo may still have a dispute over the equity of Taihua Group, they no longer have anything to do with the Lu family.

Since the signing and notarization of the mortgage loan contract with Guoye and other securities companies were all completed in the early stage, even if Xintaihua Investment was unwilling to actively cooperate, it took less than half a month to complete the equity delivery.

However, the Lu family's misfortune did not end there.

In order to prepare for the construction of overseas projects such as Cornero Marina New City, in addition to the direct investment of 200 million US dollars by Taihua Group, New Taihua Investment also invested an additional 300 million U.S. dollars; this includes the New Taihua Casino Hotel built by Lu Yan's enthusiasm.

Not only is the New Taihua Casino Hotel currently operating at a loss, but there is no possibility of profitability in the next three to five years. The entire project now looks more like a joke; if it were not for the desire to revitalize the project, the Lu family would not have been so hasty.

Construction of the new city of Cornero Marina.

In addition, the Lu family has invested a lot in other projects in recent years. The business is too big, but it has not yet come to fruition.

Even after divesting its holdings in the listed company Taihua Group, New Sea United Bank, and New Steel Union—these were once the most important assets of the Lu family—New Taihua Investment still owes a total debt of more than 200 million U.S. dollars.

In addition to some domestic assets, New Taihua Investment also owns 21% of the shares of Cornero Marina New City, Cornero Lake Port and New Taihua Refinery, and also owns 80% of the shares of New Taihua Casino Hotel (New Taihua Casino Hotel

The other 20% is owned by Falkow Investments).

In a normal economic year, these assets would be enough to cover more than $200 million in debt.

However, who said that the global economy at this time is under the devastation of the financial crisis?

After the debt crisis triggered, Taihua's operations came to a standstill, and even normal interest payments were unable to be paid on time. All debts, including those that have not yet matured, have constituted a default, triggering full repayment obligations.

Xintaihua Investment’s domestic repayable assets were either directly delivered and transferred, or were judicially sealed, but they only offset debts of less than 50 million US dollars; in addition, Atlantic Bank’s previous loan of 80 million US dollars, in Kanai

Mu applied to freeze Xintaihua Investment's 21% stake in the Xintaihua Refinery and 80% of the Xintaihua Hotel - after deducting these major debt items, Xintaihua Investment still totaled nearly US$70 million.

debts have not been paid off.

Creditors have also applied to the court to form a creditors committee to be responsible for the subsequent bankruptcy and reorganization of New Taihua Investment; once controlled by the Lu family brothers, as the central holding platform of the Lu family's corporate empire, the control of New Taihua Investment has also ceased at this moment.

Falling from the hands of the Lu brothers.

Logically speaking, Xintaihua Investment, in addition to deducting those assets whose mortgages have been paid off and which have been judicially sealed and frozen, can also offset the losses by holding only 21% of the shares in the two major projects of Conero Marina New City and Conero Lake Port.

Charged against US$70 million in debt.

However, creditors do not know how long the economic crisis will last overseas. They do not know how long it will take for Kanem, a country with an extremely fragile economic structure, to get out of the economic crisis. It is not clear whether these two overseas projects can be rebuilt.

Opportunity, will it completely turn into a penniless mess?

After the creditors united to take control of New Taihua Investment, they discovered that Lu Jiancheng had transferred a sum of 50 million to an overseas private account before the Taihua debt crisis completely detonated. After reporting it to the police, he also reported it to the judicial authorities

Apply to freeze the Lu family’s private assets in China.

"Sorry, you can't drive this car away!"

Several people who looked like security guards blocked the door of the villa and roughly pulled Lu Yan out of the Porsche sports car.

After receiving the creditor's application, the court agreed to temporarily freeze the villa owned by Lu Jiancheng, but it did not involve other assets in the villa building yet.
To be continued...