My Realistic Simulation Game

Chapter 103: The Grand Show Begins, Exposing the Wilderness's Secrets
Noon the next day.

Ma Gan hurried back, carrying a bulging brown paper document bag in his arms.

"Brother Yuan! Got the stuff!" Ma Gan'er handed the file bag to Qin Yuan, a hint of relief on his face after completing the task.

What kind of place is No. 28, Jingtian North First Street?

Qin Yuan took the document wrapped in kraft paper and asked questions as he did so.

“It was the post office.” The skinny guy caught his breath and said, “I did as you said, finding a stranger, someone who looked like a stock trader, to pick it up. The guy went in and said ‘I need something,’ and a postman handed him the package without a word, without even asking his name!”

"Post office?" Qin Yuan nodded. This Yangcheng Dachao was indeed very cautious in his actions.

He waved his hand, "You and Markov go eat first, thank you for your hard work."

Ma Gan'er responded and left the room with Markov.

Qin Yuan opened the file bag, inside was a thick stack of documents, the paper was brand new, obviously recently sorted and printed.

He took a deep breath and began to carefully peruse the pages.

The information is so detailed it's astonishing!
The changes in the shareholder structure charts in Yuanye's prospectuses over the two years clearly show that Hong Kong Island Runtuo Company holds as much as 84.9% of the shares of Shenzhen Yuanye!
The original major shareholder, "Xinye Garment," which represented state-owned assets, has seen its shareholding plummet from 30% two years ago to 1.4%!

As for the other so-called "state-owned shareholder"—Shenhai Trading—it has long been contracted out to a person named Li Kunmou!
Looking at the name Li Kun, Qin Yuan sneered inwardly.

Others might not know, but he certainly did: this was Peng Jiandong's brother-in-law.

This company, which is ostensibly a state-owned holding company, a Sino-Hong Kong joint venture, and a public-private partnership, has completely become Peng Jiandong's private property.

These are all verifiable data, but due to the current regulatory failures, Peng Jiandong managed to slip through the cracks and solidify the evidence.

As for why Yuanye was able to become a listed company and one of the top five stocks, although it wasn't mentioned above, it was consistent with the report in his mind. Qin Yuan actually knew that it was because of constantly transferring shares between his own hands, increasing share capital, and exaggerating business volume.

Furthermore, they invested heavily in media advertising.

The second document is precisely these reports.

Yangcheng Dachao attached several photocopies of media reports from Shenzhen Yuanye's IPO in March 1990.

Qin Yuan counted carefully and found that in March alone, more than ten media outlets reported on Yuanye's IPO.

There were eight in April, and the number surged to seventeen in May.

It was precisely because of these advertisements that Deepfield became the most sought-after new stock at the time.

Qin Yuan picked up a Hong Kong newspaper, and the front page was a report about how Deepfield's IPO had caused a sensation!
The accompanying picture shows a huge crowd in front of a securities company, with police struggling to maintain order and glass counters being shattered by the surging crowd!

Sensational headline: "Shenzhen's Stock King Ignites Buying Frenzy! Counters Packed!"

另一份报纸则详细描述了深原野在1990年5月25日至6月27日短短一个月内股价暴涨210%的“神话”！
The report also mentioned that during this period, Peng Jiandong spent US$560 million to purchase a luxury beachfront mansion and HK$4400 million to buy a Japanese-style garden villa in Mid-Levels, becoming neighbors with Li Jiacheng!
These reports that once touted Peng Jiandong's "capital myth" are now seen by Qin Yuan as irrefutable evidence of his rampant cashing out and transferring of wealth!

Just then, the screen flashed, and Yangcheng Dachao sent a message.

[Yangcheng Da Chao]: Did you receive the goods? My people were efficient, weren't they? But… Master Jing, if you hadn't asked me to investigate Yuanye, I really wouldn't have known that Yuanye had so many problems. Qin Yuan's heart stirred.

【I am Master Jing】: How so?
[Yangcheng Dachao]: I just received news that Li Kun, who contracted deep-sea trading, is actually Peng Jiandong's brother-in-law. The so-called state-owned enterprise is just a facade. Moreover, I sent people to talk to Xinye Garments. They actually wanted to withdraw their shares a long time ago, or directly change the management to Hong Kong Island Runtao. But this was stopped. They said that an advanced shareholding system pilot enterprise cannot be allowed to regress into a contracting enterprise. Furthermore, Peng Jiandong himself does not want Xinye Garments to withdraw its shares, so it has become the current situation. Xinye Garments receives a small dividend every year but has no decision-making power within Yuanye!
Qin Yuan was not surprised when he read the long article.

But the next second, Yangcheng Dachao sent another message.

[Yangcheng Dachao]: To be honest, I'm getting more and more interested in Yuanye Company. I just had someone go to the housing and construction department to check Yuanye's registered real estate projects, and they called me back. It's simply shocking.

[Yangcheng Dachao]: In 1988, they registered 12 properties with a total value of 2754 million yuan. Three of them haven't even had their foundations laid yet! For three others, only deposits were paid, and the property certificates haven't even been issued! 1989 was even more outrageous! The financial statements showed an increase of 15 properties, valued at 4500 million yuan? But for five of them, the housing and construction unit had no record of registration whatsoever! Not even a trace! This Peng Jiandong, he's really good at creating something out of nothing!

Qin Yuan looked at these messages with a cold gaze.

This perfectly matches the report I remember and the information provided by Yangcheng Dachao.

This method of "adjusting accounts to increase value" will likely be "carried forward" by countless listed companies in the coming decades.

[Yangcheng Da Chao]: But... Brother Jing, with just these, you think you can take down Yuanye? You think you can snipe Jianlibao? I feel... it's still a bit lacking!

Qin Yuan did not reply.

To overthrow Yuan Ye, what's needed isn't "the right timing," but a precise and deadly combination punch!
This evidence is the heavy blow in this combination of punches!

"Knock knock knock!" There was a knock on the door.

Qin Yuan put away the light screen, got up and opened the door.

Fang Minghai and his secretary Lin Shishan were standing outside the door.

Fang Minghai had dark circles under his eyes, as if he hadn't slept all night, but his eyes were unusually excited.

"Brother Qin!" Fang Minghai exclaimed eagerly as he entered the room, "We've found out! This Yuanye has a really big problem!"

He gestured for Lin Shishan to place the large stack of newspapers and documents she was carrying on the table. "Look at these! I asked a friend in Hong Kong to investigate Runtuo Company, and it really is just an empty shell!"

"And the flow of funds it invested in Yuanye several times was simply..."

His words came to an abrupt halt when he saw the thick stack of documents spread out on Qin Yuan's desk!
Qin Yuan made way for Fang Minghai to come in.

“Mr. Fang, since you’re so interested in Yuanye, why don’t you take a look at the information I’ve collected?”

Fang Minghai was completely shocked. He couldn't believe where this information came from.

Could it be that Qin Yuan also has considerable connections in Guangdong?

As he pondered, his gaze fell upon these documents.

Then his eyes widened instantly.

Because this information is far more detailed and more damaging than the newspapers he collected or the rumors he gathered!

(End of this chapter)