Wang Junsheng's demand was simple: if Liu Zhengxiong wanted to acquire Green Water Group, he would have to take 12% of the shares from him in the secondary market.
With that 12% of the shares, Wang Junsheng could get ten billion in cash and significantly lower his leverage.
At least Liu Zhengxiong thought this request was reasonable.
However, after thinking for a while, he said, "President Wang, let's do it this way. Tomorrow, I'll take the shares from you in the secondary market, starting with five billion. You use that to fulfill the contract with Bai Qing, and I'll call the bank to quickly gather the remaining funds. You know, mobilizing ten billion isn't easy, and the bank needs to go through its processes."
To be blunt, he needed to borrow money from the bank.
But, relying on his status, he didn't make it so explicit.
The only way he could get ten billion was by pledging all his shares in Fuguang Group to the bank.
