Hong Kong's new giants

Chapter 110 [Acquisition of Dasheng Real Estate] (more updates!)

A new week begins.

An executive from Dasheng Real Estate walked into the chairman's office and said to Ma Qingwei: "Chairman, the stock price of Dasheng Real Estate is a bit abnormal. It has started to rise sharply recently. I suspect that someone is buying stocks from retail investors in the market!"

Ma Qingwei was taken aback for a moment. He has also paid attention to his own company's stock recently, but he thinks it is quite normal.

At present, the total share capital of Dasheng Real Estate is 2.2 million shares, with a value of 7.95 yuan per share and a market value of 17.5 billion; it has indeed increased in the past half month, and its market value has increased by about 2 million.

"Really? You go to the market to investigate carefully, and let me know if there is any new situation!" Ma Qingwei said calmly.

"it is good!"

After the executive left, Ma Qingwei couldn't help but shook his head with a smile. His subordinates were too sensitive. Isn't it normal for the stock price to rise? Real estate is booming right now!

Dasheng Real Estate is worth more than 20 billion in market value, and the company's net assets are 20 billion.

"Our Ma family owns 34.5% of the shares of Dasheng Real Estate, and with the backing of Dasheng Bank, who dares to take care of the tiger's beard!"

"The kid from last time?"

"Impossible, the market value of New Era Real Estate is only just one billion, and the moisture is extremely strong, so it's not worth mentioning!"

"Damn, that kid made a big fuss. He was just chasing a girl, and he didn't know it was his girlfriend. He dared to threaten me. He really thought I was afraid of him!"

In fact, Ma Weiqing has always been worried that Lin Zuhui will use magazines to slander him. After all, he knows that two of Lin Zuhui's magazines are among the top five best-selling magazines in Xiangjiang. Now there is another financial magazine "Capital" published, which is said to be quite popular.

Just because he was worried that Lin Zuhui would not play cards according to the routine, Ma Weiqing specifically inquired about Lin Zuhui's personal connections, and found out that he and Jin Daxia of Ming Pao Group were "forgotten friendships", which immediately made Ma Weiqing a little worried.

With such rich media resources in hand, Lin Zuhui will fight to the death.Ma Weiqing didn't worry about other things, but he was worried about the kid accusing him of 'sending someone to follow his girlfriend' and 'stopping her girlfriend from leaving', after all, the kid said that.

"MD, if I don't send someone to follow me, how can I chase after a girl?"

"I'm not a stalker, how can I chase after such a top-notch girl?"

In an office, Lin Zuhui, Qiu Degen, Liang Botao and others are discussing the details of the 'acquisition of Dasheng Real Estate'.

Liang Botao said: "Now the market is on alert, and some stockholders are reluctant to sell, and they can't absorb many stocks anymore!"

Today, the stock price of Dasheng Real Estate has broken through more than 8 yuan, and it has risen by more than [-] yuan since the first secret purchase of New Era Real Estate.

The two parties already hold 21% of the shares (of which 10% has been held by Medarson Securities). It is normal for the market to be alert, and some investors may have discovered the abnormality long ago.

Qiu Degen pondered for a moment, and said, "In this case, let's officially announce the acquisition! Liang Sheng, what price do you think is suitable?"

Liang Botao said directly: "8.8 yuan per share is more suitable. After all, the price needs to be raised in the later stage. Let's see the market reaction first!"

Lin Zuhui echoed: "This price is more reasonable. Although the assets of Dasheng Real Estate are high-quality, the stock price has not performed well in the past two years. This price should allow us to own more than 25% of its shares soon. In this way, the distance between us and Dasheng Real Estate is 10 It's within [-]%!"

A comprehensive acquisition is to control 51% of the equity and declare victory; while a privatized company must have more than 90% of the shares to be called a successful privatization.

Heung Kong has a regulation called the sponsoring acquirer. Once the shareholding exceeds 35%, it must fully acquire (51%); but in reality, it is not necessary to do that. This regulation is only set up for Guilao to protect Hongkong Land.

As long as the shares of many acquirers exceed 40%, they will declare victory; of course, this must be done when the other party has no ability to exceed this shareholding ratio.

It’s a very simple reason. The China Securities Regulatory Commission stipulates that you have to buy it in full (51%), but my price is not generous, and the stockholders are reluctant to sell it to me. Who is to blame!

In short, there are too many ways here, and some acquire 34% and declare a profit, and dominate the acquired company.Anyway, it depends on whether the two sides have the determination to continue fighting.

Wednesday, April 10.

Qiu Degen’s family Medison Securities and New Times Real Estate announced the joint acquisition of Dasheng Real Estate, and entrusted Citibank Investment Bank Liang Botao as a financial advisor to offer a price of 8.8 yuan per share for a comprehensive acquisition, announcing that they hold 21.5% of the shares of Dasheng Real Estate.

For a time, Hong Kong and Kowloon were shocked.

Ma Qingwei, the chairman of Dasheng Real Estate, was stunned when he heard the news!
"How dare he! How dare that kid!" Ma Qingwei muttered.

His younger brother Ma Qingzhong said: "Brother, how dare you? What should we do now?"

Ma Jincan has many children. After his death last year, the Ma family was led by the eldest son Ma Qingwei and the second son Ma Qingzhong, and took charge of Dasheng Real Estate and Dasheng Bank.

"Can there still be stocks in the market?" Ma Qingwei asked.

"Currently the black market is already 9 yuan. For now, we have to suspend trading for one day before we make preparations! We only cashed out 7 yuan per share in the first half of the year. If we had known earlier, we would not have cashed out the 5% equity." Ma Qingzhong frowned.

At 9 yuan per share, Dasheng Real Estate has already approached the market value of 20 billion. Normally, this is a good thing, but now that the Ma family needs to stabilize their equity, they must adopt the method of repurchase, which is not a good thing.

Ma Qingzhong also became anxious at this time, he now recalled Lin Zuhui's expression at the time, that appearance was very confident, it seemed that he did not take the Ma family seriously.According to the situation at the time, it is possible that this kid is really going to be ruthless and assist the Qiu family to take over the Dasheng Real Estate.

Therefore, Ma Qingzhong didn't dare to hesitate, and decided to suspend trading first, and then prepare for an anti-acquisition to strengthen the equity of the Ma family.

At this time, people in the business circles in Hong Kong looked sideways. Ma Jincan, the founder of Dasheng Real Estate, was one of the "five richest people" in the 60s of Xiangjiang; and the Ma family began to become famous in the real estate industry in 1954. The so-called four big families are just rising stars. .

Now that the founder of the Ma family has just passed away a year ago, it is undoubtedly big news that a consortium will come to challenge him.

Soon business people discovered that New Era Real Estate was actually a partner of the Qiu family, and they all started to watch the show; Lin Zuhui had a great influence in the securities industry, and was even famous in the financial industry, including those who sniped Amygo and sniped Nengda Technology. his shadow.

I just didn't expect that this time Lin Zuhui set his sights on the giant old real estate company with a market value of nearly 20 billion, and he even wooed the Qiu family.

Just when everyone was watching, New Era Real Estate officially announced a new round of rights issue fundraising plan: 5 share for every 1 shares, 2.6 yuan per share, and it is estimated that 2 million yuan will be raised for real estate development.

For a while, there was a turmoil, and many people speculated whether New Era Real Estate used the funds to acquire Dasheng Real Estate.

On Thursday, Dasheng Real Estate was suspended for one day;
After the resumption of trading on Friday, Dasheng Real Estate’s stock soared again by 9.5 Hong Kong dollars per share. The reason for the surge may be that both companies are scrambling for funds in the market.

On Friday evening, Lin Zuhui, Qiu Degen, Liang Botao and his party held a summary meeting in the conference room.

"Our shareholding has reached 25%, and the Ma family's shareholding should be around 36%." Liang Botao explained the situation on both sides.

Lin Zuhui observed Qiu Degen, and if he found that he lacked confidence, he could only retreat first.

Qiu Degen didn't show any fear at the moment, he just said: "The Ma family should hold an anti-acquisition press conference in two days on the weekend. We have to wait for their bid before we can formulate a new strategy!"

Lin Zuhui said bluntly: "No, we can formulate a new strategy right away! We will publish it in the newspaper during the weekend and send three directors to take over Dasheng Real Estate."

This move is bound to startle the Ma family and make up their minds to fight back with all their might.Otherwise, this lukewarm takeover battle is really not what Lin Zuhui wants to see!
But in this way, Qiu Degen hesitated, and said: "We haven't launched a comprehensive acquisition yet, isn't that not good?"

Lin Zuhui said with a smile: "Qiu Sheng, following you is not working for you for free. Only in this way will the Ma family fight back with all their strength, and the bargaining chips in our hands will be more valuable. Of course, if you really want to take Under Dasheng Real Estate, you have to be careful in today’s situation, the two companies are attracting money in the market at the same time, and you must be the one who loses in the end!”

From the beginning when he joined the acquisition, Lin Zuhui made no secret that he joined this acquisition for profit, and Qiu Degen also understood this truth.

If the two companies are not active, how can the stock price be pulled up!Moreover, the stock price has risen, even if the Qiu family's acquisition fails, the value of Dasheng Real Estate shares held by Medison Securities will also rise sharply.

Qiu Degen thought in his heart: "What a sniper, he is vicious and sophisticated! First, he put the fundraising of New Era Real Estate's rights issue at the same time, and gave the Ma family a signal that New Era Real Estate will fully participate in the acquisition; now it is time to send The three directors going to Dasheng Real Estate is like breaking into the enemy's lair, and the enemy can only fight back!"

In fact, he also bought Dasheng Real Estate with the best intentions. If the acquisition is not successful, it is also a very good investment. The net asset value of Dasheng Real Estate is 20 billion. If the real estate rises again, 25 billion to 28 billion is very worthwhile. After all, where is the brand influence.

"Okay, just do as Lin Sheng said! We will hold a press conference tomorrow!"

Sending three directors into Dasheng Real Estate is definitely a dirty trick.

In his previous life, whether it was the acquisition of Nengda Technology or the Grand Hotel, Liu expressed that he would send several directors to take over, but the major shareholders were naturally extremely resistant. The Kadoorie family even went to court to prevent Liu from joining the board of directors.

In fact, at that time, Da Liu already held 34% of the shares. Logically speaking, he had to join the board of directors; Liu almost got angry, a lot of interest is generated every day!

The next day (Saturday), Medison Securities and New Era Real Estate held a press conference to officially showdown to Dasheng Real Estate, and they wanted to send three directors to Dasheng Real Estate.

Hearing this, Ma Qingwei was so angry that he broke an antique cup worth 20 yuan.

"Don't think about it!"

His younger brother, Ma Qingzhong, is the chairman of Dasheng Bank, and said: "Let's release a press conference tonight and raise the anti-takeover price to 9.5 yuan!"

Originally, according to expectations, the Ma family was only willing to carry out an anti-acquisition at 9.2 yuan, but now they can't take care of "cutting the meat".

At this time, Ma Qingwei already regretted offending Lin Zuhui last time. After all, the Ma family may have to spend an extra [-] million to stabilize their equity this time. This is a big loss for many families.

That night, the Ma family, with Luo Fuqi and his sons as financial advisors, officially issued an anti-acquisition announcement: to acquire shares of Dasheng Real Estate at a price of 9.5 yuan.

At the press conference, the Ma brothers expressed that they did not welcome anyone to acquire Dasheng Real Estate, nor did they welcome the acquirer to appoint three directors.If Qiu's and Lin's are just for investment, then Dasheng Real Estate welcomes them.

In fact, many reporters began to dig deeper into the fuse of this takeover battle!
　28000 words updated today!
　　
　
(End of this chapter)