Before the implementation of the additional issuance plan, Chen Li and Zheng Wenyuan agreed to transfer the 200 million shares of Xinruicheng shares held by Dashang Capital Phase III Fund to Xu Yuanzhou, Ding Yang and Yuanzhou Investment, controlled by their behind-the-scenes investors. Dashang Capital continued to recover 2 billion funds and return them to investors of Dashang Phase III Real Estate Fund.

The third phase of real estate fund was established in the second half of 2002. It raised 800 million yuan in gold, and reduced its holdings in Xinrui City stocks and dividends in recent years. In four years, it recovered 4.2 billion yuan in capital and interest.

In addition, Yuanzhou Investment will also spend 1 billion yuan of funds to directly participate in the additional issuance of new shares, and Xinrui City will purchase the Xinrui Star City project from its parent company Xinchaorui Real Estate...

In this way, the total share capital of Xinrui City will increase to 3.1 billion shares, and Xinchao Rui Real Estate will not only receive one billion cash this time, but also increase its shareholding in Xinrui City to 1.2 billion shares. Dashang Capital's fourth-phase real estate fund and equity acquisition special fund will also hold 800 million shares of Xinrui City, and Xinchao Rui Commercial will continue to hold 100 million shares of Xinrui City.

This also means that Chen Li and others still control up to 68% of the shares of the listed company Xinrui City through their affiliates, while Chen Li personally increased his shareholding ratio in Xinrui City to 30% through Xinchaorui Real Estate and the special equity acquisition fund.

In the first half of 2006, the sales prices and sales volume of residential buildings, office buildings, shops, etc. in Qingquan City continued to maintain high growth. Thanks to this, Qingquan Xinrui City launched a number of office buildings, shops in the first half of the year, and sales were extremely smooth. The sales in the first half of the year exceeded 6 billion yuan. In addition to projects such as Xiushan Xinrui City, Jiangwan Yueyuan, and Jinlan Manor, the operating income attributable to the listed company Xinrui City exceeded 10 billion yuan and its net profit exceeded 1.5 billion yuan.

Considering that Xinrui Star City has merged into a listed company, even if the sales of Pujiang Xinrui City Yueyuan will not be too ideal in the second half of the year, Xinrui City's annual sales exceeded 20 billion yuan and its net profit exceeded 3 billion yuan, so there will be no pressure.

Xinrui City and Jiangwan District Government reached an agreement on the use of the old land of Dingxin Chemical, which also constituted a favorable effect on the listed company. This caused Xinrui City to directly hit three daily limits when it resumed trading, and its stock price returned to its previous high point. The price per share exceeded 13, and the total market value of the listed company Xinrui City also successfully exceeded 40 billion.

Chen Li personally holds a shareholding in the listed company Xinruicheng, with a market value of nearly 12 billion yuan.

Even during this period, due to the domestic securities market's equity split conversion, the market index rose by about 20% within three months, but due to the huge market value of Xinrui City, it is difficult for the stock price to soar before Xinrui City can further develop.

Of course, the stock price of Xinrui City directly hit three daily limits, which was also Xu Yuanzhou and the others behind the scenes. After all, the funds they organized are more speculative. A large number of chips taken over from the secondary market and from the third phase of Dashang Real Estate Fund cannot be held for a long time. They need to be distributed at a relatively high level to cash in profits.

The new shares obtained by Xu Yuanzhou and Ding Yang directly participated in the additional issuance were even lower, with a cost of only nine yuan per share, but the lock-in period was as high as twelve months, and it was impossible to reduce their holdings in a short period of time.

After the stock price of Xinrui City exceeds 13, it is difficult for it to continue to rise sharply, but if you send chips at this price, you can get nearly 30% of your profits in three or four months, there is nothing to be dissatisfied with.

However, the market was too strong during this period. Xu Yuanzhou and Ding Yang distributed the 2 billion chips in their hands little by little, and sold the 2 billion chips in one month. However, the stock price of Xinrui City did not bear much pressure at all, and even maintained it up to 13 yuan per share. It seemed that no matter how many stocks it sold, there was someone in the market to take over.

This is completely different from Xu Yuanzhou and Ding Yang's operating experience in the secondary securities market in recent years. He even went to Pujiang to find Chen Li and Zheng Wenyuan in person: "Are you using a large amount of funds behind the scenes to absorb funds on a large scale? If you have any ideas, you can cooperate with us and don't eat alone!"

Xu Yuanzhou ran to Pujiang, and Qian Wanli and Hu Guoming were there, so everyone ran to Huanglou Guild Hall for dinner.

When he sniped Han Zirui and Zhang Zhao, Chen Li directly used 1 billion yuan of funds to participate in the transactions in the secondary securities market, but then he often paid attention to the stock price performance of Xinrui City. Except for Dashang Capital, according to the investors' wishes, to reduce the holdings of the third-phase real estate fund and sell off the stocks held by the third-phase real estate fund and cashed in profits, there was no additional operation.

Of course, the same is true. Chen Li did not have any special research on the secondary securities market. They all thought that Xu Yuanzhou and the others had exquisite trading methods behind the scenes, and could maintain the stock price at a high level while shipping on a large scale. It seems that this is not the case at all.

Faced with Xu Yuanzhou's problem, Chen Li spread his hands and said he was completely unaware of it.

Seeing that Xu Yuanzhou was not very convinced, Chen Li asked Gao Fengming to print out the detailed trading data of Xinrui City in the secondary securities market this month.

As a listed company, Xinruicheng itself is able to obtain more detailed trading data from the stock exchange and see changes in the distribution of shareholders.

If the data is taken out, you can clearly see that the controlling shareholder is still Xinchaorui Real Estate. In addition, it is the 400 million shares held by the fourth phase of Dashang Capital Real Estate Fund. The special equity acquisition fund was split into 240 million shares under Chen Li's name, 50 million shares under Zheng Wenyuan's name, 25 million shares under Zhou Bin's name, 25 million shares under Xu Yuanzhou and Ding Yang, 25 million shares under Hu Guoming, Qian Wanli, He Wan and others' name - these shares have not changed since they were listed by backdoors.

In addition to this, the larger shareholders were mainly Xu Yuanzhou, Ding Yang and their behind-the-scenes investors who participated in the additional issuance and took over the third phase of real estate fund chips.

These investment institutions hold a total of 300 million shares of Xinrui City at most. However, in addition to the 100 million shares participating in this private placement to lock in early July next year, the other 200 million chips received from the third phase of real estate funds have been paid out in the past month, and the remaining 100 million shares are also seen that Xinrui City's stock price is too strong and cannot be willing to sell it.

However, except for these shareholders who occupy the top 20 positions, the remaining shareholders' shareholding scale suddenly shrank, and at most only three to five million shares. When it reaches about 100, the shareholding scale has been shrunk to 300,000 shares.

This shows that a large number of chips in Xinrui City are shared among a large number of retail investors, which can also be reflected in the increase of 50% of the shareholders of Xinrui City in just one month.

"The market is too strong. It has been seven or eight years since I have encountered such a strong market!" Xu Yuanzhou sighed.

It is not surprising that Xu Yuanzhou is so emotional. When Xinrui City planned the issuance plan, the market index was only 1,300. It has only been more than three months now, and the market index has almost exceeded 1,900.

The market index has risen by 50%. Even if Xinrui City sells heavily, has a large market share price, and has a 30% rise, it is normal.

"Have you personally thought about reducing your holdings in Xinrui City's stocks and giving them some cash to your hands?" Ding Yang leaned over and looked at Chen Li, Qian Wanli, Hu Guoming and the others.

Currently, the price-to-earnings ratio of listed companies Xinruicheng is 13, which means that the annual return rate of the shares they hold is only 8% less than a little. It is not impossible to reduce some of the shares they hold to cash in on some funds to improve their lives and strengthen investment in other fields.

As the actual controller of a listed company, Chen Li should first give the opportunity to others if he wants to reduce his holdings and cash out. Moreover, he will mainly concentrate Xinchaorui's subsequent real estate development business under Xinrui City. It will not be a problem to maintain an increase of more than 20% every year in the future. Moreover, his personal actual holdings in Xinrui City can barely reach 30%, and he has no intention of reducing his holdings at this time.

Chen Li also understood what Ding Yang asked. He and Xu Yuanzhou still wanted to take away 200 to 30 billion Xinruicheng stocks from them at the current price, and then raise the stock price and distribute arbitrage in the secondary securities market. This is their usual operation method. Without them directly transferring some of the chips, Xu Yuanzhou and others wanted to directly absorb chips from the secondary securities market. When they bought 200 to 30 billion Xinruicheng stocks, in the current strong market environment, the stock price may directly soar to 17 or 18 per share. The average cost must definitely take over the chips from them.

Chen Li looked at Qian Wanli and Hu Guoming. In addition to having 20 million shares of Xinrui City under their own name, they each held 348 million shares and 120 million shares of Xinrui City through Xinchaorui Real Estate, they were also one of the investors of the fourth phase of funds.

Qian Wanli and Hu Guoming just looked at each other and they all fought each other, but they didn't answer Ding Yang's words.

Although they have not studied the secondary securities market, they can feel that the entire secondary securities market is so strong. If they really want to continue to reduce their holdings, the 13 yuan per share will still be slightly lower.

At present, Xu Yuanzhou and his team sold 24.5 billion yuan in the secondary securities market in one month, but they failed to suppress the stock price of Xinrui City. This means that their selling will definitely end, and Xinrui City's stock price will rise and rise to another level.

By then, according to relevant national regulations, they would be able to reduce their holdings normally in the secondary securities market.

Seeing Qian Wanli, Hu Guoming had no intention of continuing to cooperate on this, and Xu Yuanzhou just laughed.

Everyone is old, and their daily friendship is friendship, but when doing things, you must pay attention to win-win results. It is impossible for others to give up the benefits they deserve to be in their name to them for no reason.

"What exciting moves will Xinrui City take next?" Xu Yuanzhou asked Chen Li, "Is the newest city Jinchen Yueyuan sure when will it open? Will the opening price be set?"

Currently, he and Ding Yang still hold 40 million shares of Xinrui City. It would be better to continue to hold them or sell them at the right time to stop profits.

Xinrui City signed the old land of Sudian Chemical Factory with Jiangwan District Government to change the land for the old land of Sudian Dingxin Chemical on the north bank of Longchuan River for a period of more than three months. If the factory is demolished, the land leveling and restoration time has been almost ten months, which makes the market's expectations for the housing price market of Xinrui City Jinchen Yueyuan generally look higher than 16,000 yuan.

Once the new house price of Jinchen Yueyuan in Xinruicheng opens at a new house price of 16,000 or even higher and the sales are smooth, Xinruicheng's operating income and net profit this year will increase by more than 20%, which will naturally support the stock price to a new level.

Now Xu Yuanzhou doesn't understand the trend of the market. Logically speaking, there should be a large-scale adjustment for the last 50% rise in April and May. However, when he thought about the wrong situation before, he should actually pull two more limit ups. There is no pressure to distribute and ship goods at 15 yuan per share. At this time, he hesitated whether to directly sell the 40 million shares left in his hand.

"What price is the price that Xinruicheng Jinchen Yueyuan plans to open? I want to get a house in Pujiang now so that I can stay in a hotel every time I come here," Ding Yang asked. "The newruicheng Jinchen Yueyuan has a good set, so I can just get one."

Villas like No. 188 and No. 186 of Ningcheng Road are good, but they are hard to come by. Ding Yang cannot buy them now. The apartments in Jinchen Yueyuan in Xinruicheng are mainly large flat floors and duplex apartments. Some apartments are as high as four or five hundred square meters. Ding Yang is suitable for a set as his destination in Pujiang.

"Brother Ding is a business secret for us," Chen Li said with a smile, "But in more than half a month, we will officially launch our first luxury house project in Pujiang, Jinchen Yueyuan. If Ding wants a golden house to hide the beauty, the house price will be 20,000 yuan per square meter, and the decoration is 5,000 yuan per square meter."

"It costs 24,000 yuan at 20% off. Why don't you grab the money?" Ding Yang was shocked when he heard Chen Li's offer.

Although a property in Pujiang offered a sky-high price of 120,000 yuan per square meter at the end of last year, it attracted much attention across the country, but that property may only sell four or five houses, and it is very likely that it was taken over by the related parties controlled by the development project, which is actually equivalent to zero transactions.

Pujiang is currently located in the most prosperous area such as Huaihai Middle Road, and the price of luxury houses has just broken through the bottleneck of 30,000 per square meter. Chen Li said at this time that he was 20,000 yuan off. Isn’t it that the base price of Jinchen Yueyuan is going to catch up with the luxury houses on Huaihai Road?

"Are you really kidding?" Ding Yang saw that Chen Li's expression was not like he was joking, and said, "Jinchen Yueyuan really wants to open at a price that is nearly twice the market expects. Can it be sold? This news is not good news for the stock price, but bad news..."

"Whether it can be sold or not is a good deal or a bad deal, it is not constant," Chen Li spread his hands and smiled, "But this is the decision within us. Whether Brother Ding wants to give us the first order business depends on whether Brother Ding and us have enough friendship."

"It's okay to give you 10 million, but I'm afraid I'll be teased by others if I buy 10 million yuan for a house in Jinchen Yueyuan!" Ding Yang said.

"Then you just give me 10 million and don't get the house." Chen Li joked.
Chapter completed!