Only after being reborn did I realize how fascinating the world of the rich is.
Chapter 425 Li Xiaofeng's Counterattack (1)
Li Xiaofeng's goal is to cash out 75 billion yuan, and his shareholding ratio will decrease from the original 50% to 25%, which will be enough for him to control Wanzhong Media.
In fact, in his previous life, compared to Mr. Jiang, the chairman of a certain media company, his shareholding ratio was only about 20%.
Of the 75 billion yuan worth of stocks that are to be cashed out, 15 billion yuan is Li Xiaofeng's principal and 60 billion yuan is capital appreciation.
The capital gains tax in the United States is much lower than the corporate income tax in China. The corporate income tax in China is 25%, while the capital gains tax in the United States is only 15% to 20%.
Li Xiaofeng's funds are quite large, with a tax rate of around 20%. After paying capital gains tax, he will have about 65 billion yuan left.
The reason for cashing out so much money is that the Li Group borrowed a total of 80 billion yuan from President Song, including 08 billion yuan in 09 and 30 billion yuan in 20.
If the loan from 08 can be repaid as soon as possible, it will fully demonstrate that the Li Group's financial situation is perfectly fine.
If we can also repay the loan from 09, it would be like slapping President Song in the face.
Crisis, crisis, means that there are actually opportunities within danger.
After cashing out the money, Li Xiaofeng planned to expose President Song's illegal operation to the media and publicize it extensively.
With this real public opinion, and the fact that the cash-out money was actually used to repay bank loans, even if the Nasdaq regulators were extremely nitpicky, they wouldn't conclude that they were manipulating stock prices.
In this way, Li Xiaofeng's actions could put pressure on President Song, deceive the Nasdaq regulators, and simultaneously lower the stock price of Wanzhong Media.
Some people may wonder, why is Li Xiaofeng trying to push up the stock price of Wanzhong Media now?
Shareholders all want their stock price to rise; who would want their stock price to fall?
It's very simple. Li Xiaofeng plans to sell high and buy low, taking the opportunity to fleece the great United States.
Once Wanzhong Media's stock price falls to a certain level, Li Xiaofeng will then take out money, whether through share buybacks or issuing new shares, and reinvest the money.
By reselling in this way, he can make a substantial profit from the price difference, use less money to restore his shareholding ratio to the previous 50%, and then wait for the stock price to rise again, looking for opportunities to continue to fleece American stock investors.
The Li Group is in very good financial condition with a low debt-to-asset ratio. Once this conflict attracts the attention of higher-ups, someone will inevitably come forward to meet with them. The conflict with President Song will most likely be resolved by smoothing things over.
The upper echelons need large enterprises to develop the economy. As long as large enterprises do not cross the red line, they may appear to be in a passive position and being manipulated, but they are basically invincible.
While powerful figures may appear glamorous on the surface, they also need to build cliques, cultivate good relationships, and create a protective barrier for themselves.
When something happens, a word from someone else is more effective than ten words from yourself. If you do something too outrageous, you'll become the target of public criticism and be taken down easily.
Since President Song wanted to use his official power to control Li Xiaofeng, Li Xiaofeng took the opportunity to make a big fuss. This way, he could both retaliate against those who coveted his wealth and achieve his goal of suppressing the stock price.
Soon after, the Li Group published an accusation article in the newspaper, saying that President Song flaunted his official power in front of the company all day long, deliberately suppressed private enterprises, and retaliated against them for personal reasons if they were not satisfied.
Despite the fact that the Li Group had not defaulted on any loans and was operating well, the bank arbitrarily lowered the Li Group's credit rating, withdrew loans from the Li Group, forced the Li Group to repay bank loans in advance, and even threatened to directly transfer the Li Group's working capital.
This incident quickly caused a huge uproar in the media, and the conflict between Li Xiaofeng and President Song was brought into the open.
Upon learning this news, the newly formed shareholders of Meiyi Media were quite shocked.
Especially Choi Chung-hyun, whose country, Goryeo, is a chaebol society with a very serious class stratification. It is rare to see someone like him who stands up to officials within the system.
"Has Li Xiaofeng gone mad? Does he not plan to continue taking out bank loans? What is he trying to do? Why would he dare to do this?"
Zhang Liang, however, said dismissively, "If I were the chairman of the Li Group, I would also confront that bank manager Song. As far as I know, the Li Group's debt ratio is not high, and its cash flow is relatively sufficient."
Since they've already stopped lending, why hold back? Making a scene in the media might bring down that Bank Manager Song, and then the Li Group's situation will improve.
Luo Siqi shook his head, somewhat incredulously saying, "This Bank Manager Song has a very strong background. I've dealt with him before. It will be very difficult for Li Xiaofeng to take him down through such means."
President Song's statement that the Li Group has operational problems is just a warning, not a genuine attempt to destroy the Li Group. As long as we soften our stance and offer some benefits, the matter will be settled.
But Li Xiaofeng insisted on making such a big fuss. This has ruined relations between the two sides. If Bank Manager Song retaliates against him afterwards, the Li Group might not be able to get a single loan in the future!
Le Jiahao, who was standing nearby, chimed in curiously, "Shouldn't we be happy that Li got beaten up? Why are you all siding with him?"
Zhang Liang said irritably, "You don't understand. This kind of thing is related to the interests of all our private enterprises. Those senior executives of the bank are always finding excuses to control us and threatening to withdraw loans at the drop of a hat."
Companies like the Lee Group, with their strong financial resources and relatively low debt ratio, are fortunate. They not only withstand banks withdrawing loans but also dare to stand up to them. They are truly courageous.
For most businesses, a bank withdrawing its loan could bankrupt them, especially a real estate company like ours. No matter how big we are, we're no match for banks.
Le Jiahao said dismissively, "So what? The enemy of my enemy is my friend. Isn't it good that someone is helping us deal with that guy surnamed Li? You guys aren't planning to support that guy surnamed Li, are you?"
Luo Siqi shook his head again and said, "That's definitely not going to work. Supporting him won't do us any good. Whether that guy surnamed Li lives or dies has nothing to do with us. In fact, it would be better for us if he were to suffer."
Furthermore, we have a good relationship with President Song, and I'm currently thinking of finding an opportunity to stab that Li guy in the back. Our Meiyi Media has just been established, so we can take advantage of this opportunity to expand our competitive edge.
You'll Also Like
-
Elf: No, it's because he was made the gym leader!
Chapter 151 2 minute ago -
He was taken in by Hiratsuka Shizuka at the beginning and joined her chat group.
Chapter 329 2 minute ago -
Genshin Impact: The Recorder of All Things
Chapter 345 2 minute ago -
A review of the trilogy: Did the emperor only live for ten thousand years?
Chapter 297 2 minute ago -
Immortals of the Mortal World Gather at the Inn!
Chapter 54 2 minute ago -
In the world of "Covering the Sky," one can refine Gu (a type of poison) to become an immo
Chapter 76 2 minute ago -
Good martial arts in the city, many children, many blessings
Chapter 26 2 minute ago -
Tokyo Mystery Writers
Chapter 144 2 minute ago -
The Great Ruler: Reborn as Mu Chen, sweeping across the vast world!
Chapter 27 2 minute ago -
I transmigrated to a chaotic world and became the sole player.
Chapter 266 2 minute ago