At around 11:50 noon, under the witness of Hua Yu, the big boss and Mr. Cao of Radiant Group reached a consensus at the speed of light. The two parties hit it off immediately and agreed to Star Capital's strategic investment in Radiant Group.
However, we have only reached a gentleman's agreement so far, and the specific written agreement process will not be that fast. This is a major corporate matter, and Radiant Group also needs to go through the process and convene a shareholders' meeting to vote on it.
But Hua Yu knows very well that the verbal gentleman's agreement is 100% stable!
When the two parties talked, they felt that they had similar views. There were actually many people who came to Mr. Cao to invest, but the investor who had such a thorough understanding of Radiant Glass and was willing to share the same destiny with Radiant Capital was Star Capital. is the first.
In addition, Mr. Cao was also impressed by the professionalism of this young man Fang Hong. In just two hours, he completely changed his impression of him and no longer regarded him as a young boy.
After a long discussion, Mr. Cao finally agreed to join Star Capital. Radiant Group will non-publicly issue 300 million ordinary shares (A shares) to Qunxing Capital, accounting for 15% of the total share capital after the issuance. The issue price is RMB 6.67 per share, thereby raising approximately 2 billion yuan.
This hand-in-hand cooperation will not only provide the funds needed for technological innovation for the development of Yanyao Glass, but will also effectively reduce its asset-liability ratio.
…
"I didn't expect it to be successful, let alone so fast..." Hua Yu said with emotion. He and Fang Hong had already walked out of the hotel and went outdoors. They were ready to go home after the matter was settled.
Regarding this trip, Hua Yu didn't really have high hopes at the beginning, but it turned out to be unexpectedly smooth and was completed in just over two hours.
At this time, Fang Hong said as he walked: "The rapid expansion of Yanyao Glass has always been at the expense of a high asset-liability ratio. It is too early to choose investment projects in order to seize the market, which implies insufficient debt repayment and payment capabilities." Risks, a long-term high asset-liability ratio and low asset liquidity will affect the safety of corporate operations."
When I just talked with Mr. Cao, Radiant Glass plans to raise 2 billion yuan from Qunxing Capital, of which 75%, or 1.5 billion yuan, will be used to repay bank loans, and the other 25%, or 500 million yuan, will be used to repay bank loans. Supplement the company's liquidity, thereby reducing bank loans and reducing the asset-liability ratio to about 50%.
"Let the news get out." Fang Hong suddenly said.
"Okay!" Hua Yu nodded upon hearing this, knowing that his immediate boss's intention was to help with the copyright procurement. The company was attacking everywhere, but later spread the false news and rumored that Qunxing Capital suffered huge losses in the stock market and was forced to scale back its strategy.
Finally, after internal deliberations, the company decided to cut the budget for copyright procurement.
…
Around eight o'clock in the evening, a rumor spread that shocked investors in the industry. An insider revealed that Qunxing Capital had successfully invested in Radiant Group, with a strategic investment of 15%, but the investment amount was unknown.
The emergence of this rumor caused a sensation in the investment circle, and people from all walks of life in the investment community were surprised, because Mr. Cao was notoriously stubborn in resisting capital. Countless investors who wanted to enter Radiant Glass were rejected by Mr. Cao.
Unexpectedly, Qunxing Capital actually succeeded, which made people in the industry look at it with admiration.
Although the news has not been confirmed, insiders believe that the news cannot be out of thin air. If there is a rumor, something must have happened.
There are two main reasons for the majority of outsiders to believe it. One is that neither Qunxing Capital nor Radiant Glass came out to refute the rumors, and the other is that Mr. Cao is in Xincheng at the moment, which makes the room news more reliable.
Qunxing Capital was actually able to deal with Mr. Cao, which made people in the industry increasingly feel that this investment institution does have its own merits. It discovered Quantum Beat in the primary market, successfully bought the A-share gold pit at the bottom in the secondary market, and even They also make a lot of money in overseas capital markets.
Although it has done something unreasonable like "people are stupid and have too much money" in the field of copyright procurement, this newbie in the investment world does have its own unique skills. This is the latest evaluation of Qunxing Capital by insiders.
This incident also further contributed to the efficiency of several investment institutions such as Xiao Quan in borrowing 15 billion yuan from Qunxing Capital. They quickly and more assuredly lent money to Qunxing and were ready to win.
…
The next day, Monday, May 25th.
The news on the weekend weekends was mostly negative, and the external market also plummeted. In addition, the news that Star Capital strategically invested in Radiant Glass on the weekend night was negative for this stock.
As soon as the market opened today, the Shanghai Stock Exchange Index jumped sharply downward to 2555.34 points and opened -1.63%, while the Radiant Glass call auction directly hit 7.36 yuan per share and opened sharply downward -5.52% to open in the deep water zone.
If Qunxing Capital wants to strategically invest in this company, there is a high probability that Radiant Glass will issue a private placement to it. Such a large-scale private placement will inevitably cause the equity in the hands of all original shareholders to be diluted.
At the opening of the market today, Radiant Glass lost more than 5 points in direct bidding. If we knew that the holding cost of Qunxing Capital was 6.67 yuan per share, we would definitely open at the limit today.
The market opened at 9:30, and the two markets opened lower and moved lower in the first half hour. The decline of the market index expanded to 2.27% around 10 o'clock, and once reached 2538.62 points.
Radiant Glass's volume plummeted about half an hour after the opening. At around 10:03, the stock price dropped to 7.01 yuan/share, a drop of -10.01%, hitting the daily limit.
The auto parts sector was also dragged down by the limit drop of Radiant Glass. However, it only took about four minutes for the stock's limit limit to be pried open by big funds.
And this big fund is none other than Qunxing Capital.
…
Meanwhile, Jingxinju’s new trading room on the second floor.
Fang Hong and Yin Fulei, his first trained trader, were conducting institutional account operations in the trading room. Before the market opened, they had already given the target of today's position to the maid girl. She was now sitting at one of the trading tables to buy stocks. .
Today's market is deep-water open, and Fang Hong asked the maid trader to buy at the opening.
One of the large screens on the wall of the trading room displays a list, which is the list of positions held by institutional accounts. It is also the stocks bought today, including Hitong Securities, Wanda A, Zhongxin Guoan and other stocks.
Several targets such as Yunnan Copper and Jiangqi Copper in the industrial metal sector have also been taken back.
After switching to an institutional account and upgrading the trading room hardware, the number of stocks currently held in the institutional account has exceeded 15. Now, in addition to the maid sister trading, Fang Hong himself is also sitting on another trading desk to operate.
"Weichai Heavy Machinery scanned the goods for 30 million." Fang Hong scanned the market and saw this ticket. It had risen by more than +7% at the moment. Yin Fulei next to him nodded and entered the stock name, but found that he could not find it. He immediately turned his head and looked at Fang Hong and said: " Brother Hong, why can’t I find this stock?”
"Uh..." Fang Hong came to his senses and said immediately: "I made a mistake. It's 000880 Shandong Juli. Buy it."
She just said it out without thinking, only to realize that the ticket is still called Shandong Juli. Yin Fulei entered the transaction code he gave, and sure enough, she had the ticket. She immediately followed Fang Hong's instructions and put 30 million in funds at the upper limit to buy the goods. .
Shandong Juli's time-sharing line quickly surged straight up, and the stock price rushed to 9.94 yuan/share, which directly sealed the daily limit.
…
"Boss, why are you 'not doing your job' to get these tickets again? You are an institutional investor!" At the same time, Fei Liang was secretly copying homework. He saw the data refreshed in Fang Hong's institutional account, and he I couldn't help but complain in my heart even after I received a small ticket.
This kind of ticket cannot be followed!
And this is not the key. The key is that Da Lao has already bought several tickets for the ST sector. Due to limited liquidity, a single ticket cannot even buy more than 10 million in funds.
It is even more impossible to follow such a ticket.
Fei Liang likes him to do large-scale transactions with good liquidity, such as Hi-Tong Securities, which can make billions of transactions in a day.
In fact, Fang Hong also wants to buy large stocks, but the liquidity of large stocks is good and there is no price difference if there is no increase. As for ST stocks, although these stocks are small and have average liquidity, they can create enough space and height. Make up for the shortcomings of not being able to take positions.
The other one is just to round up a few more stocks. The big tickets and so on are now left to the maid girl Yin Fulei to operate, while Fang Hong himself operates the stocks in the ST sector. After all, the operation is relatively difficult.
…
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