Chapter 189 repurchase company stock
Ji Feng used 200 million in the stock market to acquire the shares of China Entertainment Entertainment on a large scale, and the acquisition was centralized instead of using multiple accounts to disperse. Such a big move is naturally easy to detect.
Huang Peng was honest this time, he honestly listened to the opinions of his brother Huang Tianhao, and was always paying attention to the movements of the stock market.
I didn’t find that when many retail investors began to sell Huayu’s stock, at this time, someone was making a large-scale acquisition, which immediately attracted Huang Peng’s attention.
Huang Peng did not dare to be sloppy, and immediately told Huang Tianhao about it.
“Sure enough, that person really has an idea for Huayu.” After listening to Huang Peng’s words on the phone, Huang Tianhao said in a deep voice.
“Brother, what should we do now?” Huang Peng asked.
At present, Huayu has a lot of polite shares in the stock market. Many retail investors have become junk stocks because of the events of the past two days. They would rather lose some money and sell their stocks quickly.
If it continues to fall, it is very likely that the stock will be liquidated in the hand. If you do not continue to invest money in it, the stock will be abandoned.
Who wants to invest money in Huayu’s stock at this time, isn’t that a bottomless pit?
Therefore, many retail investors hurriedly sold when they found out that Huayu shares in the stock market could still be sold.
“He accepts it, we accept it too.” Huang Tianhao said.
Generally speaking, undervalued companies will buy back their shares, and the market value of listed companies does not need to be managed.
However, the company does not want the company’s market value to be low because of the need for financing. If the company operates well, it does not need financing at all, and when the stock price plummets and deviates far from the value of the company, at this time, the company’s managers will You should choose to buy your own company’s stock.
The first is to maintain the stock price as much as possible, and the second is to recoup the shares to prevent competitors from getting too many shares, so that they have the right to make decisions in the board of directors.
Huang Tianhao had thought about this approach, but he never thought of doing it so early.
Because, he still wants to see the situation, Huayu has been established for so many years, the foundation is here, there is still potential, and this method should not be used so quickly.
But now it seems that it is not enough to not buy back the shares.
This is a man-made conspiracy, and it is coming from Huayu. If they don’t buy back now, the other party will buy Huayu’s shares at a very low price, and the shares in their hands are far more than they may be.
Huayu Entertainment is a family business. Since it is a family business, Huang Tianhao naturally does not want the people who have the right to speak on the board of directors, except for him and Huang Peng, to have people who do not belong to the Huang family.
Moreover, in the past two years, due to the bad atmosphere in the market, China Entertainment has issued additional shares twice, which means that the shares in their hands have been diluted by themselves.
Now, the danger is out.
“Brother, how much do you charge?” Huang Peng asked.
“As much as he charges, we charge as much, we can’t be much less than him.” Huang Tianhao said.
“But brother, I don’t have any money right now.” Huang Peng said helplessly.
In the past two years, due to the bad market atmosphere, the company’s profit has always been at a loss.
Hopefully, I can get through this winter and come back to life again.
But now, it is facing such a threat.
“How much liquidity does the company have?” Huang Tianhao asked.
“Also, there is…” Huang Peng hesitated.
“Tell me the truth.” Huang Tianhao said angrily.
At this time, there can be no sloppy eyes at all. Once there is a little negligence, it is very likely to be fatal.
“Only five million.” Huang Peng said with a guilty conscience.
“Five million? Why are you kidding me? When I handed the company over to you, the company had a working capital of 100 million, and now you tell me it’s only 5 million? What the **** are you doing?” Huang Tianhao was taken aback by this number.
This number is too small, only 5 million. According to the current share price of Huayu, it can only buy more than 2 million shares at most, which is useless.
He knew that it would definitely be less, but he didn’t expect so much less, it was too exaggerated.
“Brother, the market has not been good for the past two years, and the company has been losing money. You know it.” Huang Peng said helplessly.
In fact, he misappropriated a lot of money from the company’s books for eating, drinking and entertainment.
Anyway, the company is now his, plus the Huang family’s power in Gimhae City, Huayu has always been the dominant family, and there has been no accident, so he thinks it doesn’t matter.
So much so that, over the years, the company has made a lot of false accounts and tax evasion.
“Hmph, you can do it now, don’t think I don’t know what you did.” Huang Tianhao said coldly: “When this matter is over, don’t sit in the position of president.”
“Brother, me.” Huang Peng became anxious when he heard it, his brother wanted to take the company back from him.
“Don’t talk nonsense, what qualifications do you have to sit in this position, and then hand it over to you, even if others don’t do it, the company will close sooner or later.” Huang Tianhao made a decision.
He understood it now.
Huayu’s internal chaos is in a mess now, and he even suspects that his younger brother has manipulated Huayu’s accounts.
When this matter is over, the company can no longer hand it over to him, otherwise there will still be an accident.
Huayu can’t rectify it from top to bottom, it won’t be good.
“Brother, are you rich now? Even if I take the seat, I have to get through this difficulty first.” Huang Peng said.
He knew that if he wanted to continue to eat delicious and spicy food, Huayu must be there, and nothing could happen.
“I don’t have any money now, so I can only find a way to borrow some money.” Huang Tianhao said with a headache.
This is his biggest headache, and the main reason why he has not repurchased the company’s shares before.
He is also financially tight right now!
Otherwise, he would not have chosen to raise funds last time. If this incident had not happened, at that time, he would have raised one billion yuan in funds, but because of this incident, the financing was in vain.
He is also facing a state of financial constraints.
The money in the companies under him must not be moved. Once it is moved, an accident will definitely happen. Huang Tianhao is very clear.
Moreover, the company he now owns has also suffered.
So now the only way is to borrow money.
“Who to borrow? Ask the bank?” Huang Peng asked.
“Haha, given the bank’s virtue and our current situation, the bank will definitely open its mouth and even push it back.” Huang Tianhao sneered.
“Who are you looking for?”
“I think about it.” Huang Tianhao had a headache.
For a while, there was really no good borrower.
It’s not that no one can borrow it. The Huang family still has friends, but at this time, people who are willing to borrow don’t know if there are any.