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Chapter 290 Jiuqi Paper

Tianxing Cable has fallen to this day. Although its market value is not large, it is still a listed company. With the current funds in Chu Zhaoji and the scale of "Peiyuan Fund", it is impossible to swallow this company alone. It can only use the springboard of "Benyue Capital" to cooperate.

Yang Liguo nodded: "No matter what the other party is thinking, it's always right to be careful."

In the financial market, there is only interests, which is an eternal law. Su Yue can firmly believe and stick to this. Yang Liguo was very surprised, but he was full of praise.

It took him many years to understand the truth that Su Yue could understand it so early, which made him very pleased.

This at least shows that Su Yue not only has high talent in trading, but also has unique experience in the use of various unspoken rules in the financial industry.

If such a person leads "Benyue Capital", his future prospects will inevitably be broad.

After lunch, I took a break for a while, and then in the afternoon, Su Yue drove and took Yang Liguo directly to Shunqi Optical Technology Co., Ltd. and met Qi Yumin, Chairman Qi, who was worried about the company's shortage of funds.

"Chairman, this is Mr. Su from Bentayga Capital, and this is Mr. Yang."

The assistant who led the two into the chairman's office hurriedly reported the names of Su Yue and Yang Liguo.

Qi Yumin nodded, then asked his assistant to pour two cups of tea for Su Yue and Yang Liguo, and then asked politely: "I wonder why the two of you are visiting, mainly for?"

For strangers who have no appointments, Qi Yumin is usually missing.

But when the assistant stated that the two were the managers of private equity funds, the financing institution he wanted to find, Qi Yumin was happy and naturally had to see him.

"Chairman Qi, what are you up to now?" Su Yue took a sip of tea and asked with a smile.

Qi Yumin frowned slightly and said, "Mr. Su...What does this mean?"

"I just saw Chairman Qi frowning and sad, so I asked." Su Yue smiled faintly, "We are here this time to talk about investment with Chairman Qi."

"Investment?" Qi Yumin was secretly surprised.

Due to the current tight capital chain of the company and the huge gap in funds required for the next project, there is a problem with repayment ability. Recently, he is not popular with financial institutions and various financing channels have been hindered. If these investment institutions are asked to come, no one will come.

This time, someone came to the door with the initiative.

As the saying goes, something abnormal will happen. Qi Yumin is happy, but he also has more vigilance.

"Can you two talk about your investment plan?" Qi Yumin looked at Su Yue and Yang Liguo seriously, "And... I don't know much about your organization..."

Qi Yumin has never heard of the institution of "Benyue Capital". It should be a small-scale institution.

Although he is short of money, he does not accept everything. He is very happy that an institution takes the initiative to come to him, but he must first understand the other party's background before he can make a basic judgment.

Yang Liguo took out the information he had prepared and handed it to Qi Yumin. He smiled and said, "Our Bentayga Capital is a formal licensed investment institution. Please rest assured about this. We are not a liar, and there is no need to come here to deceive Chairman Qi."

Qi Yumin looked at the information in his hand and remembered the big event that happened in Nanhua during the period before the New Year.

His eyes changed, and his eyes staring at Su Yue became solemn in an instant.

"The boy surnamed Su... is not wrong." Qi Yumin said secretly, put down the information in his hand, looked frowning, and smiled happily, "It turns out it is Mr. Su!"

Seeing that the other party had heard of him, Su Yue couldn't help but breathe a sigh of relief.

"Mr. Su is so glorious." Qi Yumin's attitude towards the two changed.

Su Yue let the other party give a compliment or two, then smiled and said, "Since Mr. Qi knows me, I don't have to explain it hard. I know that the funding gap in "Shunqi Optics" has been very large recently, and the capital chain is about to break. I also know that Mr. Qi is worried about it and has borrowed almost all of Nanhua's financial institutions. We are here to invest in your company and hope that Chairman Qi can release some of the equity in his hands."

"Justice Su is attracted by the future development of 'Shunqi Optics' and wants to invest in equity?"

Qi Yumin stared at Su Yue and asked.

Su Yue shook his head and said, "Chairman Qi misunderstood. The company I mentioned is another company controlled by Chairman Qi, "Jiuqi Paper", not this "Shunqi Optics".

"Jiuqi Paper?"

Qi Yumin was surprised and had no idea about the purpose of Su Yue's investment.

It is necessary to know that even he gave up Jiuqi Paper Industry himself and was waiting to find a suitable opportunity to sell the company. Unexpectedly, he was attracted by Su Yue at this time.

"Mr. Su, you... weren't you joking?" Qi Yumin asked tentatively, "You should understand the situation of Jiuqi Paper. Compared with "Shunqi Optics", its prospects... are probably not that optimistic. Although I am still the controlling shareholder of Jiuqi Paper, I have already handed over the company's operations to my second brother Qi Yutian."

Su Yue nodded: "Before coming here, we have all learned about Jiuqi Paper."

"Then the purpose of your investment..." Qi Yumin was a little puzzled.

Su Yue smiled and interrupted Qi Yumin, saying, "Our investment in Bentayga Capital naturally has our logic. Chairman Qi doesn't need to understand it too clearly. You just need to make a decision to accept our investment."

"I wonder how much investment funds Mr. Su can give?" Qi Yumin asked again.

Jiuqi Paper's market share has almost been lost, its business has shrunk to an unsurpassed level, and its fixed assets have been sold almost the same. Now the turnover is completely inconsistent with the standards of listed companies. If you talk about value, only the value of shell companies will be left.

If Su Yue only invests tens of millions of dollars, then for him at the moment.

The meaning is not very big, so there is no need to talk about it at all.

Su Yue asked lightly: "I wonder how much shortfall is Chairman Qi needed at present?"

"Well..."

This kind of thing is related to the core secret of "Shunqi Optics". Once it is revealed, it will be troublesome to be sniped by competitors. So Qi Yumin hesitated for a moment, coughed lightly, and said, "There is a lot of funds in the gap, but there is no way. It's just that the funds you want are too expensive, and I'm still hesitating."

Su Yue smiled, but also understood the meaning of the other party's words and did not ask any further questions.

He paused and said, "Chairman Qi is preparing to give up the company 'Jiuqi Paper'? Or cut the business to the end, use a certain amount of funds to maintain this shell, wait for 'Shunqi Optics' to grow to a certain level, and then put it into this shell to complete the purpose of backdoor listing."

"The purpose is good, and the route is also right. But at present, if Chairman Qi wants to protect both, it may be difficult to survive this level, right?"

"How about selling the shell of 'Juqi Paper' to us 'Benyue Capital'?"

Qi Yumin was surprised and stared at Su Yue: "Mr. Su... wants to directly acquire Jiuqi Paper? This..."

"This company is currently a hot potato in your hands. Not only can it be impossible to make money, but it will also constantly erode funds. In addition, there is no prospect, selling it is your wisest choice." Su Yue's eyes were bright and he continued, "Chairman Qi originally planned to sell it, right?"

Qi Yumin was shocked.

As Su Yue said, if "Shunqi Optics" really couldn't hold on, he could only sell the prospectless "Jiuqi Paper Industry", but he had not yet reached a desperate situation, so he could not help but hesitate.

Jiuqi Paper Industry is the shell he left for "Shunqi Optics". At present, this shell is almost impossible to save now.

Su Yue glanced at Qi Yumin, smiled, and continued, "I understand Chairman Qi's original plan. On the one hand, you wanted to keep Jiuqi Paper Industry so that you could put "Shunqi Optics" in it; on the other hand, you wanted to use the stock market to cash out funds and continuously supply the development of "Shunqi Optics"."

"But now, neither of these two plans can be realized. If you keep ‘Jiuqi Paper’, it will be useless."

"After the business shrinks to this point, Jiuqi Paper Industry is not unexpected in the next period. It should be a continuous year of loss, and it is likely to go from ST to delisting. "Shunqi Optics" cannot stand this level and it is probably impossible to grow bigger. Even if the capital chain breaks and goes bankrupt, it may go bankrupt."

"As for what you want to cash out of the stock market, supporting 'Shunqi Optics', with the current stock market sentiment and market level, coupled with the loss performance of 'Jiuqi Paper', the prospectless future will be extremely rare, let alone institutions pay attention to it. Even if the stock price is pushed to the limit every day, the funds you can cash out will be at most tens of millions in a month."

"Don't say that distant water cannot quench near thirst, by this method, you cannot even extinguish the flames of your own company's funding gap."

Before Su Yue came here, he had already figured out the details of Jiuqi Paper and Chairman Qi Yumin, so he could only be confident when talking freely at this time.

After listening to Su Yue's words, Qi Yumin fell into a long silence.

Su Yue was not in a hurry, and he and Yang Liguo sat quietly on the sofa and drank tea quietly.

"If Mr. Su wants to acquire all the equity of Jiuqi Paper in my hands, what price can hesitate?" After a long time, Qi Yumin asked hesitantly.

Su Yue thought about it and said the price in his heart: "150 million yuan, all of it is a cash acquisition."

Qi Yumin's eyes twitched, he held back the anger that suddenly surged in his heart, and said in a low voice: "Mr. Su, 150 million...it's really impossible."

The value of shell stocks can still be 300 million to 400 million.

Not to mention that Jiuqi Paper is not in high debt, and it can still have some positive assets. Including the land in the factory, Su Yue gave a price of 150 million yuan, it is really... a bit bullying. Although it is not all acquired, he still holds 45% of Jiuqi Paper's equity. According to his idea, it must be worth at least 200 million yuan.

Su Yue cut his heart's price by 50 million, which made him really unable to accept it.

"Chairman Qi, 150 million yuan, all-cash acquisition, this condition is not low." Su Yue stared at Qi Yumin, "You know better than me what the situation is facing Jiuqi Paper. Don't say it's worthless, but at least in front of capital, it's no longer valuable. After the first quarter report and the semi-annual report are disclosed, the company's fundamentals will continue to deteriorate, and I'm afraid the value will be further reduced. What I just said is already a relatively sincere price."

"Mr. Su, you are biased."

Qi Yumin said: "Everyone is based on the premise of interests. If you think that the 45% equity of 'Jiuqi Paper' is not worth 150 million yuan, you will not take action. I don't know what Mr. Su wants to acquire the shares in my hands and control 'Jiuqi Paper', but the value of 150 million is really unquestionable."

Although he was short of money, he could not sell his assets at a low price. He could not accept Su Yue's offer.

"How much does Mr. Qi's intention price?" Yang Liguo saw that the other party was determined and tentatively tentatively.

Qi Yumin pondered for a moment and said, "Jiuqi Paper Industry, according to the current market valuation, 500 million is indispensable. The 45% shares in my hand can be worth 225 million by value. Even if you buy them all with cash, you will have to have at least 200 million funds to have a discussion."

Yang Liguo was silent, and the other party did not speak out randomly when asking for the price.

With the suspension of domestic IPOs and the A-share listing channel breaking, the shell stock price is high, and the market price of 500 million is not wrong. The cash expenditure of 200 million is a bit heavy for the current "Bentayga Capital" and Su Yue personally.

"Mr. Qi, I still said that the 150 million all-cash acquisition is already very generous and sincere."

Su Yue did not regress at all about the other party’s asking price: “150 million is my intended price. If you think it is OK, then let’s continue talking. If you think it is really inappropriate, then forget it. Today we will pretend that we have never been here.”

Su Yue said, then stood up and prepared to leave.

Qi Yumin was in a difficult time at this time, and he wanted to break one dollar into two dollars. As long as he could find a way to raise money quickly, he would definitely agree. Su Yue bid 150 million, and although he took a certain advantage, he did not take any damage.

He roughly learned about Shunqi Optics' shortfall fund, which was about 150 million yuan.

Qi Yumin watched the two of them leave, but did not try to keep them. He just turned around and picked up the relevant information about "Bentayga Capital" on the table, frowned even more tightly.

Then, he picked up the phone on his desk and called his second brother.

"Yutian, are you busy?" A very ordinary greeting.

The other party heard the sorrow in his elder brother's words, sighed and said, "Brother, what can you do? Now most of the company's business has been stopped, and I have fired a lot of people. If you can lose less, you will lose less. By the way... How are you doing there? Have you raised the money?"

"We can't count on things to send umbrellas on sunny days and collect umbrellas on rainy days."

Qi Yumin said: "Investment institutions, I contacted several companies and raised some funds, but there was still a big gap. Today... an institution came to my doorstep and wanted to acquire the equity of "Jiuqi Paper" in my hands, and offered 150 million yuan. Yutian, what do you think?"

"Brother, if you can sell this factory, you can sell it. The papermaking industry has no future."

Qi Yutian said: "You have always been reluctant to let it go. Didn't you just see that this factory is a listed company? That's why I insisted on it. But after thinking about it carefully, it's useless to keep this shell in our hands. When Shunqi Optical grows up, can it be relisted in the future?"

"I'm selling now. I can help Shunqi Optics overcome the difficulties. I can come here to help you. There's nothing wrong with it."

When Qi Yumin heard his brother say this, he moved his heart and sighed lightly, but he had already made a decision.

"Brother, who is the person who wants the equity in your hands? Which institution?" Qi Yutian felt that this was a bit strange and couldn't help asking.

Qi Yumin replied: "Su Yue from Bentayga Capital is the young man who helped Shenyuan Real Estate turn the defeat a few years ago and defeated the Hu brothers in the capital market."

When Qi Yutian heard this, his heart was shocked.

He hurriedly said, "Brother, since he is this person, we have to make a good idea about the sale of this equity, and we can't just sell it to him."
Chapter completed!
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