,!
Switzerland's Zurich Group and First National Bank of Chicago have been sending people to conduct due diligence on Peregrine. Once Peregrine's operating conditions and market change significantly, they will terminate the capital injection in accordance with the terms of the capital injection agreement signed by both parties and let Peregrine Qin's "rescue plan" failed and he was forced to liquidate.
This is also the worst result that Liang Zhongtao and Du William do not want to see. The wealthy people in Xiangjiang are unwilling to help, so they rush to Sun Jian to inject capital and use him as a substitute. With bad intentions, Sun Jian will not give him face. .
"If Mr. Liang had known about this outcome, would Mr. Liang have spent US$225 million in real money to purchase Peregrine's convertible preferred shares at a price of HK$7.35?"
"Mr. Sun, this is something that can only happen under extreme circumstances. Can Mr. Sun please provide conditions for capital injection?"
Liang Zhongtao is recognized as a master negotiator in shopping malls. He can negotiate with leaders of central enterprises and government officials with ease. The company has made a lot of money, and the other parties are grateful, but he can't calm down in front of Sun Jian.
Liang Zhongtao, Du William and others had anticipated the outcome of this extreme situation. This was because they knew Peregrine’s true asset status, but Sun Jian could judge that Peregrine’s stock price might fall below HK$5 based on public information. This was The breeders are either smart or terrible!
As long as Sun Jian is willing to inject capital, Peregrine will not go bankrupt and be liquidated. The Asian financial crisis will eventually end, Peregrine will be able to regain a new life, and their nearly ten years of hard work will not be in vain.
"Mr. Liang should understand that my investment of US$225 million in your company will not benefit HTIC Securities Company at all. But if your company goes bankrupt, HTIC Securities Company will lose a strong competitor! To put it bluntly, when your company is forced to During liquidation, I will acquire all of your company’s assets from the liquidation agency, and the money will not exceed US$225 million. The highest bidder will get it. Mr. Liang and Chairman Du will have no chance even if they want to object!"
The company was forced to liquidate, and the company needed to be dissolved. Liquidation agencies sold assets within a short period of time to repay debts. Stocks could no longer be traded, and small shareholders were wiped out overnight.
Some people are snatching the high-quality assets and talents of liquidated companies, but no one wants low-quality assets and ordinary employees. Liquidation agencies usually package and sell them, and even sell them and give them away!
“Peregrine led by Mr. Liang and Chairman Du is the only domestic investment bank that can compete with major European and American investment banks such as Goldman Sachs and BofA Securities. The talents of Mr. Liang and Chairman Du are no less than those of the CEOs of major European and American investment banks such as Goldman Sachs and BofA Securities. , it’s such a pity that Peregrine was forced into liquidation!”
Peregrine Company lost its vitality after losing Liang Zhongtao and Du William. Of course, Sun Jian hopes to recruit them together during the acquisition.
"Thank you for the compliment, Mr. Sun. As long as Mr. Sun is willing to inject capital, the conditions can be negotiated?"
Liang Zhongtao was very happy when he was praised by the world's richest man in person.
"Mr. Liang should know about the bankruptcy of Barings Bank. On the surface, it seems that Nick Leeson ruined this 232-year-old bank by himself. In fact, the internal management of Barings Bank was chaotic and the risk control mechanism was ineffective; Peregrine has developed to At the current situation, Mr. Liang should know better than me. Mr. Liang and Chairman Du are both talented people and hold the same shares. No one is convinced by the other. The management and ordinary employees are also divided into two groups, fighting each other and scheming. This time If you can escape once, you won't be able to escape next time! If I invest in Peregrine, I will not allow this chaotic situation to continue to exist in Peregrine. The prerequisite for my investment in Peregrine is to hold 51% of the shares. Shares and other conditions can be negotiated!”
In response to market rumors that Peregrine would inevitably fall into huge losses in 1997 due to the sharp devaluation of Indonesian fixed-rate bond products, and Peregrine's stock price continued to fall, on November 25, Peregrine Investment Group announced in advance 10 months ago performance to eliminate investors’ concerns.
At the same time, it was announced that three senior executives of the company, including Liang Zhongtao and Du William, were optimistic about the company's development prospects and jointly invested US$5 million to purchase the company's convertible preferred shares to enhance investor confidence.
Peregrine's profit in the first 10 months was HK$248.9 million.
Although there was no loss as rumored, Peregrine made a profit of HK$635.6 million in the first six months, which is equivalent to a total loss of HK$386.7 million from July to October. Smart investors will leave the market early.
"Mr. Sun's request is too harsh, and Chairman Du will not agree. I want to go back and discuss it with Chairman Du."
Liang Zhongtao looked very embarrassed on the surface, but in fact he was convinced that he and William Du had discussed the worst outcome of being controlled by Sun Jian. As long as Sun Jian agreed to inject capital, Peregrine would at least not be forced to liquidate! Let’s look at the changes in the market first. As long as the Swiss Zurich Group does not terminate the agreement, the First National Bank of Chicago will not terminate the agreement, and the banks will not stop lending, everything will be fine.
Peregrine is the child that Liang Zhongtao and William Du worked hard to raise. They will not let outsiders take control unless they have to.
"I hope that Mr. Liang and Chairman Du will have good luck and that Peregrine can survive this disaster safely! Mr. Liang, business cannot be done without mercy. I will invite Mr. Liang to Taobao Hotel as a guest at noon. I will take care of Mr. Liang. Mr. Liang, please stay a few more days!"
Peregrine is terminally ill and cannot be established without destruction! Let Liang Zhongtao and William Du continue to lead, sooner or later they will be surpassed by HTIC Securities Company!
Peregrine went bankrupt. HTIC Securities is the fourth largest securities company in Hong Kong. Next year, it will acquire two or three small securities companies. It should not be a big problem to enter the top three. Sun Jian does not have to acquire Peregrine.
"Thank you, Mr. Sun!"
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On Friday, December 5, the Court of Final Appeal announced that "P Fruit News" was guilty of false accusation, and ordered "P Fruit News" to compensate Taobao Holdings for losses of 60 million Hong Kong dollars in shares held, and "P Fruit News" to compensate Mr. Sun Jian for reputational losses. HK$10 million.
Representatives of "P Fruit News" expressed their compliance with the judgment of the Court of Final Appeal.
Wang Dongming told Chinese and foreign media reporters outside the court that he was disappointed with the Court of Final Appeal's decision, but would not appeal to the Court of Appeal.
Wang Dongming represents the richest Chinese man, and Sun Jian is disappointed with the judges of the Court of Final Appeal!
There was an uproar.
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Sun Jian, who was in the capital, received a call from Wang Dongming at noon and learned about the verdict of the Court of Final Appeal. As a second generation, he was not surprised at all, let alone angry. Many judges of the Court of Final Appeal are also foreigners. Anything can happen. !
Many British and foreign judges have ulterior motives!
Young people in this period have watched too many police and gangster movies, and they think that Hong Kong is a society governed by the rule of law, where the police strictly enforce the law and the judges make judgments in accordance with the law.
Zhang Zhiqiang, who is at large, is a living example!
Behind the "P Fruit Report" are Soros and other Wall Street investment institutions. They have great magical powers. Now they have made a lot of money in Hong Kong and paid tens of millions of Hong Kong dollars in compensation to settle the lawsuit.
A serious warning to those who deliberately cause trouble for him, Sun Jian's goal has been achieved!
No matter how much compensation we receive, we must donate it to the Xiangjiang Social Welfare Institute.
