LIGHT NOVEL Chapter 260: Raising Money
Mid-May.
Seven days after the meeting at Tengying Group headquarters ended.
The entrance to the Shanghai Stock Market was crowded with people. Although stocks could be traded through smartphones these days, this traditional stock exchange.
Was still bustling with activity.
Having shaken off the haze of the speech, Tengying Entertainment's stock price, which had been falling continuously for two months,
Finally experienced a significant rise.
The stocks of the Tengying Group, which had always maintained excellent performance, finally saw the break of dawn.
What puzzled people, however, was that major players had already secretly acquired Tengying's stocks through thousands of accounts.
The circulating floating shares on the market were now very few.
And that legendary major player was none other than Chen Pingsheng.
He had previously instructed the group to open thousands of accounts and threw down fifty billion in capital.
Under the favorable situation,
Tengying Entertainment, Fei Yangyang, and Bobo Milk Tea, which had been falling for two months, hit the upper limit for several consecutive days.
After he had established the Dream Fund within the group with ten billion, he was left with only about five billion in hand.
Considering he had to gather twenty billion in the coming month for the new energy project, the pressure was not small.
"Chen, we have repurchased 42 billion of the fifty billion in capital. Should we continue the buyback?"
The buxom secretary Zhang Wanyi was still very capable.
Whether it was writing meeting minutes or trading stocks, she executed everything to a good standard.
This was quite satisfactory.
Chen Pingsheng said, "Continue the buyback without stopping."
He then sent a message to Tong Zelan. He still held 13% of Bobo Milk Tea's original shares,
Planning to sell 7% with a total market value of 60 billion.
That is, to cash out 4.2 billion.
For him, 4.2 billion was nothing significant; the key was that this amount of money could trigger the Golden Finger's random multiplier.
Originally, he had planned to cash out as early as April, but due to the drastic fall of Bobo Milk Tea's stock price at the time,
The cash-out was simply not possible.
Now that Tengying Group's reputation had smoothed over, the cash-out could finally be carried out.
Retaining 5% of the original shares and absolute say in the matter was enough.
It was time to cash out when necessary.
He really did not want to take out a loan from the bank.
This time, the cash-out was not to occur in the stock market, but was rather a transfer to another major capital.
Chen Pingsheng signed the contract with the other party at the Tengying headquarters in Magic City.
The small deal of 4.2 billion wasn't a matter worth making a fuss about.
"Ding, congratulations to the host, you have earned 4.2 billion today. Would you like to activate the random multiplier?"
"Activate."
The familiar Golden Dice rattled and ultimately stopped at the small four.
There we have it, another 16.8 billion arrived.
With the initial five billion and after assembling 21.8 billion, he found a major capital to take over 10% of Fei Yangyang's shares.
He still held 15% of Fei Yangyang's shares personally, and after the cash out, he'd be left with 5%.
Similar to Bobo Milk Tea.
He had to use the original shares for cashing out in order to maximize the benefits.
Wrong to expect to distribute so much money solely from profits.
The business performance of Fei Yangyang was quite good, with five billion of profit a year easily.
In the traditional catering industry, this was considered very impressive.
He sold at a market value of 60 billion, and there were plenty of people willing to take over.
Mainly because it was profitable.
"Ding, congratulations to the host, today's cumulative income is six billion. Would you like to activate the random multiplier?"
"Activate."
The familiar Golden Dice shook once more and, after tumbling around, finally landed on the small five.
And there it was, thirty billion just like that.
Altogether, he had nearly 52 billion now.
The next steps in cashing out were mainly focused on two directions.
One was the fifty billion he used for stock trading; it was best to keep that money for a year.
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For instance, the stock price of Tengying Entertainment, after a period of increases, was only around twenty billion.
In the coming year, if the War Wolf II movie he had invested in before were to be released, it would be absolutely easy for the stock price to rebound to over forty billion.
Even reaching sixty billion was highly possible.
Tengying Entertainment was definitely worth this money.
Just in repurchasing Tengying Entertainment's stock, he had already spent as much as three billion.
After a year, this amount of money could at least be cashed out between eighty and one hundred billion.
There was absolutely no need to touch it now.
As for the stock prices of Bobo Milk Tea and Fei Yangyang, when they rose to a certain level, it would be alright to start selling gradually.
After all, engaging in new energy was a strategic goal that could only be successful and not fail.
Cashing out these two stocks a bit earlier was indeed necessary.
Though it'd mean earning a little less, it would also ensure more abundant funding for the new energy sector.
Aside from that, the most important thing left was the IPO of Tenghui Department Store.
Thirty-two top-tier city department stores, all with self-owned storefronts.
And rented to them at exceedingly low prices, maintaining annual profits between five to eight billion.
The self-owned funds were quite sufficient, and there were plans to expand into the second-tier cities.
They had also joined forces with Xin Teng Live Streaming, which ranked first in the short-video marketing sector, to establish the online marketing platform Xin Teng Preferred.
No matter how one looked at it, this was a company with a limitless future and super quality.
It proved that the idea of moving Tenghui Department Store for an IPO in Xiangjiang was indeed very correct.
Not to mention, the people in Xiangjiang were still very optimistic about the traditional department store business.
Especially for self-owned storefronts, which matched the tastes of the big conglomerates there.
Just to put it this way, when the market is good, you can hardly see the advantages of owning your own storefronts.
Once the market takes a sharp downturn, having your own storefronts can definitely resist risks hundred percent.
And the high rents will kill off at least ninety percent of the competitors.
That's the difference.
It's about the absolute stability of a department store.
Besides, Tenghui Department Store's operational management has always been excellent.
In terms of customer reputation, it could be said to be only second to Pang Donglai's.
Whether it could surpass the latter in the future is unknown, but for now, it was sufficient to support its valuation of eighty billion.
Chen Pingsheng and Tong Zelan had gone to Xiangjiang together, and after back-and-forth negotiations for a week, they finally confirmed an eighty billion valuation, with The Big Four Conglomerates jointly contributing forty-eight billion to acquire sixty percent of Tenghui Department Store's shares.
Moreover, The Big Four Conglomerates would join hands to usher Tenghui Department Store into the Xiangjiang stock market.
They would use the fastest method, going public through a shell company.
The specifics of the operation were no longer their concern.
All they had to do was take the money home and wait for the news.
Chen Pingsheng still owned sixty percent of Tenghui Department Store's shares personally, and by completing this cash-out, he effectively diluted thirty-six percent of his holdings, which was sixty percent of his stake.
Of course, although the shares were diluted, the harvest was tremendously stunning.
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"Ding, congratulations to the host, the cumulative income today is 1.28 billion. Would you like to activate the random multiplier?"
Thankfully, he had already transferred all the storefronts of Tenghui Department Store into Tengchao Commercial Management earlier.
Otherwise, this money would not even be enough to cover the investment cost.
Additionally, when he sold forty percent shares to Tong Zelan and her peers, he had already cashed out sixteen billion.
Now, the Golden Finger Grandpa once again forcibly reduced the money from the random multiplier by sixteen billion, roughly calculating the total investment in Tenghui Department Store to thirty-two billion.
This was indeed quite clever.
"Activate."
This step was crucial. Chen Pingsheng kept shouting in his heart, "Come on, give me a six!"
If it did hit six, then the money he needed to invest in new energy would be almost there.
No six came, but a five did.
"Congratulations to the host, you have obtained a five-times random multiplier."
One second, two seconds, three minutes passed, and sixty-four billion was credited to the account.
This was really too thrilling.
Without even realizing it, he had come to own five listed companies.
Two in Xiangjiang, two domestic, and one in US stocks.
Another win for the lonely expert.
Standing tall and ready, to take off on the next big opportunity.
With 11.6 billion in hand, Chen Pingsheng felt an unprecedented surge of confidence.
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