Chapter 270: Finding a Good Acquisition Target

Two days later, Chen Mo once again went to Lu Bin Sun's office, and coincidentally, Chen Taotao was also there.

"Old Sun, have you finished bottom‑buying the stocks?"

Hong Kong stocks have a market much smaller than U. S. stocks, so Chen Mo's 1.5 billion capital entering the market must be cautious, otherwise it would cause too much volatility.

"It's already taken care of, thanks to Taotao."

Yet within a few days, Lu Bin Sun fully approved Chen Taotao, the young man.

Although he is a senior in the business world and once owned assets of over a few tens of billions, his ability may not be much stronger than Chen Taotao, the former vice‑president of Tongbao Bank.

Chen Taotao did not take credit: "Mr. Sun, you're flattering me; I didn't do much, thanks to your seasoned experience."

Seeing the two get along amicably, Chen Mo felt reassured.

"Taotao, I've already sent people to investigate those five crabs; you should be able to avenge soon."

"When the time comes, what will you do? Shoot them dead, or haul them to fill the sea?"

Chen Mo's words left Chen Taotao momentarily at a loss for a reply.

He had only intended to ruin Ding Xie's fortune through the stock market, never considering how to take their lives.

Recalling Fang Ting's face, remembering how she was thrown from a building by Ding Xie's sons, Chen Taotao's hatred surged.

"I want to throw them off the roof myself and watch them die!"

Chen Mo nodded; using their own method against them would work.

"I'll have people arrange it; once they're captured, I'll inform you."

Lu Bin Sun listened nearby, sighed lightly, and said nothing.

Though he didn't want Chen Taotao's heart filled with malice, thinking of his own old grudge against Liu Yaozu made him drop the urge to counsel.

After finishing the talk about the five crabs with Chen Taotao, Chen Mo turned to Lu Bin Sun and asked the real matter.

"Old Sun, how's the investigation into the listed real‑estate company going? Any target yet?"

Hearing Chen Mo ask, Lu Bin Sun immediately rose, fetched a document from his desk, and handed it to Chen Mo.

"I've found a target; it looks quite suitable for now."

Chen Mo took the document and casually asked, "Which company?"

Lu Bin Sun smiled, pointed upward with his hand, and said, "Prosperous Real Estate. The office building we're in belongs to them; their offices occupy the top three floors."

Chen Taotao joked, "That's convenient—after acquisition we won't need to move, and we'll even save on rent."

Chen Mo opened the material Lu Bin Sun brought and, upon seeing Prosperous Real Estate's shareholder info, was stunned for a moment.

"Wang Baiman? Tang Zhudi?"

"The company was built from scratch by the couple; its market cap is now about 3 billion."

"In fact, their net worth is around 4 billion. Besides this 300‑million‑yuan Grade‑A office tower, they also own a plot in Jianshazui worth roughly a few tens of billions."

"Additionally, they have land in Tunmen and Yuen Long, also valuable."

"With the several projects they're currently developing, their net worth definitely exceeds 3.5 billion."

After reviewing the data, Chen Mo found Lu Bin Sun's assessment quite accurate.

Moreover, although Wang Baiman and Tang Zhudi are the major shareholders, they only hold 35% of the shares, a relatively low stake.

Yet thinking again, a couple who started from nothing and built such a large real‑estate firm in just over a decade must have taken substantial external investment; retaining 35% is already decent.

The market cap is lower than net assets, and the equity structure is fragmented—perfect for a takeover.

Chen Mo thought for a moment and said, "Old Sun, find a professional accountant; I'll also arrange a lawyer soon. You should thoroughly audit Prosperous Real Estate's assets to ensure nothing is missed."

"Understood, I've already contacted an accountant; they'll be here in a few days."

Chen Mo nodded, looked at Chen Taotao: "Taotao, these next few days, start positioning in the stock market. While you suppress their share price, try to drain their cash. Can you do that?"

Chen Taotao considered briefly, nodded, and said, "It's difficult, but I can try."

To drain their cash, you must create the illusion of competing for capital, luring the big players to raise funds.

When the big players raise funds, the stock price tends to rise, making Chen Mo's request quite tough.

It's a delicate job; even with Chen Taotao's skill, achieving it perfectly isn't easy.

Nonetheless, Chen Taotao is willing to accept the challenge.

Chen Mo was about to leave when he suddenly recalled Joyce's comment about the Jun Du Hotel never opening.

"Old Sun, do you know the current status of Jun Du Hotel? I heard it hasn't opened for months."

Lu Bin Sun sighed lightly, "I actually know a bit about that."

"My old friend is also unlucky."

"After that night's jewelry exhibition, the hotel was riddled with bullet holes from a gunfight; the interior was basically destroyed. The bomb the robbers planted on the first floor detonated, causing slight structural damage to the whole building."

"On top of that, the jewelry displayed that day went missing, and the police spent nearly half a month just on investigation and evidence collection."

"Normally, after the police finish their investigation, it would take about two months to repair the structure and redo the renovation; once it passes safety inspections, it can reopen."

Chen Mo suddenly understood, "No wonder—looks like it'll take a while before it can open."

"It's not that simple!" Lu Bin Sun shook his head, "It may not open at all this year."

"What's going on?" Chen Mo asked, more curious.

"Because the jewelry was lost, many hostages died that day; the police chief of Jianshazui got implicated and was punished, and now he's blocking the hotel's security and fire inspections, so the hotel can't open."

"That's terrible?" Chen Mo gasped.

"It gets worse! The insurance company refused to pay out, citing 'hotel security negligence,' and the bank loan was called in early due to the stock crash."

"My old friend is now on the brink of bankruptcy."

Hearing Lu Bin Sun's words, Chen Mo did a quick mental calculation: "Old Sun, what do you think about us buying the hotel from your old friend?"

Jun Du Hotel is a five‑star hotel, and its location in Jianshazui is good; if operated normally, its profitability isn't weak.

"Given the current situation, isn't this a cheap grab!"

As for safety and fire inspection, with Huang Pangzi around, it's completely not a problem for Chen Mo!

Furthermore, once Chen Mo becomes the boss of Jindu Hotel, he might also be able to use some means to get the insurance company's compensation back.

And he could also get a sum of money for free.

Lu Bin Sun frowned, pondered for a moment, and said: "Buying a hotel is fine. However, our group's businesses are already a bit scattered; buying another hotel might be difficult to manage!"

"No problem, worst case we can poach a senior executive from another hotel."

As for the issue of scattered businesses, Chen Mo also had plans early on.