Both private equity institutions, Yuangu Rongtou and Chaoying Investment, have raised their shares in Nanhua Group, and both private equity institutions hold 5% of the shares and have no follow-up actions.

Although it is not clear how the battle for control of Nanhua will evolve in the future, it is not clear whether the two sides are still controlling other institutions behind the scenes to secretly absorb funds. Seeing that the stock price of Nanhua Group has risen sharply during this period, it is obviously more than Xinruicheng. There are too many interbank real estate companies such as Wanbang Real Estate, so there are some institutions with pure financial investment, which have successively reduced their holdings to lock in profits.

Of course, Xu Yuanzhou and Zhou Bin knew Chen Li's intentions best. They were purely resentful that someone led the disaster to him and then scared these people, but others didn't know the situation.

No matter how strongly Xiang Qiang increases his holdings, he will never dare to easily touch the 30% offer line. Zhao Yuan cannot figure out Chen Li's true intentions. At the same time, he is directing the finger at Chen Li at this stage. Xiang Qiuning's side is destined to choose to lurk in a quiet manner for a period of time. Therefore, when Xu Yuanzhou, Zhou Bin and others saw that the rising stock price of Nanhua weakened, they decisively sold out the stocks in their hands, first locked nearly one billion profits, and waited for the next wave to see if there were any subsequent opportunities, and then followed them in and played.

Although Chen Li asked this billion to invest in the CUHK Guanlan Venture Capital Fund, which still has no returns, this is equivalent to the amount of money they have earned in the past two or three months, and they are in a very relaxed mood.

Chen Li was in the trust investment account specially set up by Chaoying Investment. Although the floating profit once reached 3 billion, it could not be sold for six months. Therefore, the so-called floating profit had no meaning to him. Therefore, with the decline in Nanhua's stock price, the floating profit decreased rapidly, and Chen Li was also indifferent.

At present, this fund is also idle funds for Chen Li, and it cannot be used for the time being, so it is locked up and it will not affect him at all.

Xiang Qiuning actually cashed out a huge amount of 5 billion yuan, and he doesn't know what to do for the time being. He is currently only idle in his account and makes some value-added investments in the securities and bond markets.

In the second quarter of 09, the national real estate market almost stabilized. As new and old projects have been gradually launched in second- and third-tier cities, such as Qingquan, Jiahu and other places, the sales of Xinrui Star City and Jinchen Yueyuan are not so prominent.

Although Xinrui City's revenue increased significantly to 10 billion in the second quarter, its net profit remained the same as last quarter. This is mainly the central cities developed by Xinrui City in the early stage, such as Qingquan, Luocheng, Yinghe, etc., although sales have recovered, housing prices remained at a low level. This has caused the sales collection in new cities to increase significantly, but basically did not contribute much profit.

However, the cash that Xinrui City has returned significantly will help support the rapid construction of Bihai Xinrui City and Jiahu Guanlan Industrial Town, and prompt Xinrui City to spend another 15 billion yuan in six months in Pujiang and other economically developed cities in Dongjiang Province, Guangcheng and surrounding cities, Beijing and surrounding suburbs of Beijing, within half a year, it will use another 15 billion yuan in construction land reserves with a total planned area of ​​6 million square meters.

After the rapid development of the domestic real estate industry in the past decade, more and more large real estate companies are becoming stronger and stronger. Many central state-owned enterprises and even local state-owned enterprises have also entered real estate development on a large scale. In this case, unless there are opportunities such as the subprime mortgage financial crisis in 2008 that can get cheap chips, Chen Li estimated that Xinrui City will rarely have high-profit projects like Xiushan Xinrui City, Qingquan Xinrui City, and Jinchen Yueyuan in the future.

Because in the future, every piece of land will face competition from many strong opponents.

Xinrui City still wants to continue to expand its profit margin, so it can only be used to scale.

Xiang Qiang squeezed out a group of veterans under Xiang Qiuning's previous command from Nanhua Group, and most of them entered the Xinchaorui system.

Many of these people were originally the person in charge of Nanhua’s local branches and subsidiaries, Xiang Qiang, who cut them off. In addition to weakening Xiang Qiuning’s influence, there was another thing that was that the expansion of third- and fourth-tier cities outside the central city was too fast in the early stage, which led to the fact that the subprime mortgage financial crisis was particularly affected by the subprime mortgage financial crisis in 2008 and had to dump a large number of real estate projects at low prices.

After the real estate projects in many places were cleared, Nanhua regained its focus on its development to Guangcheng, the old base where Nanhua is based, and it also cut more than ten municipal subsidiaries in three or four cities at once. Many personnel and positions became redundant.

However, after these people joined Xinchaorui, it was one of the key reasons why Xinruicheng could quickly expand to second- and third-tier cities in the first half of 2009.

In the first half of 2009, Xinrui City added 16 municipal branches. The newly added construction land and project reserves in the first half of the year were mainly concentrated in these 16 municipal branches.

After more than three years of rapid expansion, Xinchaorui Real Estate has been fully launched in Pujiang, Guangcheng and Beijing, with more than 4,000 stores nationwide.

In 2009, Xinchaorui Real Estate's share of second-hand housing rental trading markets in Pujiang, Beijing and Guangcheng was close to 30%. At the same time, it fully intervened in the agency sales of first-hand housing. With the recovery of the real estate market, Xinchaorui Real Estate's benefits are even much more obvious than that of listed company Xinchaocheng.

In 2008, the total profits of all business lines of Xinchaorui Real Estate were only 100 million yuan, while the net profit in the first half of 2009 exceeded 700 million yuan, and it is expected to reach 1.5 billion or even higher for the whole year. As of now, Xinchaorui Real Estate Leasing can ensure subsequent expansion needs by borrowing profits, and there is no need to raise funds from the outside.

Xinchaorui Commercial's store profits are relatively stable, and it has not suffered any blow in 2008, and it has maintained a steady increase, but there will not be any special increase in 2009.

As the listed company Xinrui City adds 16 municipal subsidiaries in second- and third-tier cities, Xinchaorui Commercial needs to follow up simultaneously. In the next two to three years, it will add 12 new stores than originally planned. This will make it a bit scary to require new funds, and listing financing has become a top priority.

In 2008, domestic companies were suspended from listing and fundraising, so that a large number of listed companies were awaiting queues to pass. Although the securities regulatory department restarted the review of corporate listing and fundraising in 2009, it was worried that it would impact the market that finally recovered. The number of companies that could officially go public every month was extremely limited, and they were all companies with relatively low financing scale.

There is no problem with the financial indicators of Xinchaorui Commercial in all aspects. It was also matched by Xu Yuanzhou and others very early to cooperate with a securities company to conduct listing guidance, capital verification, asset appraisal, audit and other preparations began in the early 2007. However, even if all preparations are ready, the possibility of successfully listing within three years will not exceed 10%.

The more feasible channel is to go public through backdoor listing like Xinrui City.

Over the past six months, Wang Xiaojing and Miao Jing have also been in contact with many listed shell companies with insufficient operating performance and are negotiating related matters; Chen Li's energy during this period is mainly in this regard, and participating in the stock war in Nanhua is just a pastime.

Xu Yuanzhou was almost stuck with Chen Li during this period, mainly because of this.

Xinrui City successfully acquired Dingxin Chemical in that year, and its stock price after the backdoor was then soared by more than three times in a short period of time. If measured by the current stock price, it is equivalent to the stock price being lower than the one before the backdoor, which is equivalent to a surge of ten times...

If they could know which listed company Chen Li finally decided to acquire and put Xinchaorui Commercial with unlimited development potential in, and they would ambush hundreds of millions of funds in advance, the benefits they could enjoy would be extremely amazing.

Although two of the shell resources that Xinchaorui Commercial is currently negotiating are matched by Xu Yuanzhou, Xu Yuanzhou has ambushed a small amount of funds in advance for these two shell resources, and he dare not ambush too much. After all, it is decided which one in the end, or the conditions are too harsh. Xinchaorui Commercial eventually gave up the shell resources, and its ideas are all in Chen Li's mind.

Xu Yuanzhou asked Zhou Bin and Zheng Wenyuan, they all just spread their hands and said that they only had 6% of Xinchaorui Commercial shares. Although Chen Li also talked to them about a backdoor approach, who could know whether Chen Li would change his mind in the end? Maybe Chen Li finally decided to attract Xinchaorui Commercial into Xinchaorui City and eventually turn Xinchao City into the first domestic real estate listed company?

On September 3, Chen Li flew to Luocheng on a business trip. He originally wanted to have a good gathering in Luocheng with He Wan, but Xu Yuanzhou pulled Zhou Bin and Zheng Wenyuan also flew to Luocheng in the afternoon, saying that the three of them stayed in Pujiang to drink and play cards. It felt uncomfortable if Chen Li was missing. He had only been separated for two days and wanted to bring Ye Nanjia, who had just graduated and had no intention of working in the company, and Zhao Chen.

Chen Li was so angry that he wanted to pick up something to beat people. His grandson knew that the listed company Luocheng Department Store was a shell resource that Xinchaorui Commercial was talking about. They were obviously afraid that after he would suddenly sign a contract with the relevant parties, Luocheng Department Store would be suspended directly. They missed the opportunity to board the ship, so they had to force themselves to come over and destroy his and He Wan's great plan to have a private meeting with him.

They came over, and Chen Li had no way to drive them away. He Wan had to pretend to be happy and fulfill her friendship with the landlord. In the afternoon, she asked her father He Yanbin to take Xixi, who had just signed up and had to play for two days on weekends, and accompanied everyone to visit Longmen Grottoes. At night, she was in the Dongshan Hotel in the scenic area. Please sit by the charming night of Yi River and feel the flowing water mat in Luocheng.

After dinner, before everyone left the gate of Dongshan Hotel, Xu Yuanzhou couldn't help asking: "It's still early now. Should we go back to the city and ask Mr. Luo Bai to have a cup of tea? You have been talking for half a year, so there should be a result, right?"

"You say yourself, how much food has you eaten?" Chen Li asked straight to the point without withdrawing Xu Yuanzhou.

"If you don't give a correct number, how could I eat more? On Luobai, I bought 200 million," Xu Yuanzhou smiled. "President Shan priced 34% of the shares of Luocheng Department Store in his hand for 1.2 billion yuan. I think the offer is not high. Now there are shell resources with lower prices. However, in addition to operating the largest department store in Luocheng Renmin Road, Luocheng Department Store also owns supermarkets, auto trade and other businesses. If it weren't for the real estate development a few years ago, if it weren't for the fact that it had borrowed too much debt and fell into trouble, the operation would not have been in trouble. And the businesses involved in Luocheng Department Store were all Xinchaorui could digest. I guess you would have liked Luobai."

"Okay, you always come out for tea when you make an appointment." Chen Li said.

After hearing what Chen Li said, Xu Yuanzhou became excited. Eating 200 million in advance was just an appetizer. When Xinchaorui Commercial took advantage of the backdoor, it was just an appetizer. When Xinchaorui Commercial took advantage of the backdoor, it was the only opportunity to participate in the subsequent development of Xinchaorui Commercial on a large scale...

The backdoor of Luocheng Department Store was also Xu Yuanzhou helped to build a connection half a year ago.

Xu Yuanzhou had a round of dealers in the stock of Luocheng Department Store, and was familiar with his chairman Shan Fuming. When he was still in the market raising the stock price, he helped Shan Fuming reduce his holdings of part of the shares of Luocheng Department Store at a high price.

Xu Yuanzhou immediately called Shan Fuming, and the phone was quickly disconnected, but the result was quite disappointing Xu Yuanzhou's excitement.

"It's a coincidence that Mr. Shan has been having a meeting in other places these two days." Xu Yuanzhou hung up the phone and said.

If you are not in Luocheng, you can't eat hot tofu even if you are anxious. Seeing Xu Yuanzhou's cheeks look anxious and jealous, he will definitely eat more than 200 million chips in private. Chen Li just laughed, held Xixi's little hand, walked out of the private room, preparing to take everyone to live in a hotel in the city.
Chapter completed!