Reborn as a tycoon in Hong Kong
Chapter 647 Taking over the telephone company (two-in-one)
Since Qin Lan publicly purchased the telephone company at a premium in the name of Lin Baicheng at noon, as soon as the stock market opened in the afternoon, the stock price of the telephone company suddenly jumped to the price of 10 Hong Kong dollars, and then upward.
Since Lin Baicheng purchased the shares of the telephone company at a price of 10 Hong Kong dollars, it means that he is underwriting the price at this price. In addition, since he is now the richest man in Hong Kong, funds will naturally come into the market for speculation.
However, Lin Baicheng's purchase price itself was already a premium of more than 35%. After a little hype, the stock price rose by as much as 40% compared to the price in the morning. With such a large increase, investors will naturally make profits and leave the market.
Therefore, the stock price of telephone companies rises and falls, usually approaching or even breaking through the price of 11 Hong Kong dollars for a while, and then falling back to the price of 10 Hong Kong dollars. Then after a while, funds come in to stir up the stock price, but the stock price does not take long. It fell back to the price of HK$10.
During this process, the traders arranged by Anyuan acquired a lot of stocks at a price of HK$10.
When the time came to nearly 2:30, the stock price of the telephone company, which was originally trending upwards and had just exceeded the price of 11 Hong Kong dollars, fell to 10.48 Hong Kong dollars in the blink of an eye. The next time the stock price changed, it became 10. Hong Kong dollar price.
Obviously, just for a moment, a large number of sell orders appeared, and the buy orders above 10 Hong Kong dollars were instantly broken down.
"What's going on?" "There are a lot of sell orders!" "Damn it!" "My money!".
Investors who were paying attention to the stock of the telephone company, and those who placed buying orders above 10 Hong Kong dollars, couldn't help but scream and howl when they saw the situation. They were frightened by the sudden appearance of a large number of selling orders.
Shareholders looked at the telephone company's price of HK$10. The original purchase order for 15.2 million shares had turned into more than 14 million shares.
What is even more worrying is that the number of buy orders at the price of 10 Hong Kong dollars is decreasing by hundreds of thousands of shares per change.
"This is a major shareholder selling stocks, run quickly!"
No one is a fool. Seeing this, they would not know that a major shareholder of the telephone company took the opportunity to reduce their holdings of the telephone company's stocks. Otherwise, there would be no way to sell hundreds of thousands of shares.
You know, the stock price of the telephone company is 10 Hong Kong dollars, and hundreds of thousands of shares are worth millions of Hong Kong dollars. It is impossible for retail investors to have so much money with multiple sell orders of several million Hong Kong dollars, so they can only be the major shareholders of the telephone company.
One thing everyone knows very well is that once the buy orders at the price of 10 Hong Kong dollars return to zero, the stock price of the telephone company will inevitably plummet. It is impossible to withstand the price of 9 Hong Kong dollars. It would be good to be able to withstand the price of 8 Hong Kong dollars. .
When investors determined that a major shareholder was reducing their holdings, many investors immediately chose to sell their telephone company stocks. As long as the stock is purchased before noon, leaving the market at 10 Hong Kong dollars will definitely make a profit, but it will just be less than before.
The huge sell orders finally stopped when there were less than 11 million shares of buy orders left at the price of HK$10. Although there are still many investors selling stocks, each change is no longer a decrease of hundreds of thousands of shares, but a varying number of tens of thousands of shares.
When the number of buy orders fell below 10 million shares, the panic selling began to decrease. Each change became a few thousand shares, sometimes 10,000 or 20,000 shares, but it could be as large as tens of thousands or even 1 or 200,000 shares. The quantities did not appear.
Obviously, the panic market has almost sold out, and the remaining investors are quite sensible.
However, so far, Lin Baicheng's acquisition has purchased more than 9 million shares, more than 6% of the shares, and his shareholding ratio in the telephone company has reached about 38%. With such a shareholding ratio, basically no one can surpass him.
Jardine Matheson, moments after a massive sell order from the phone company appeared.
"Chairman, the Investment Department has sold one-third of the shares of the telephone company in accordance with your order, and the company currently has 10 million shares left."
The secretary came to the office to report to Henry Kaiser.
"Very good, just keep the remaining 10 million shares and become a small shareholder of the telephone company."
Henry Kaiser nodded slightly. Jardine Matheson originally held 15 million shares of the telephone company, which was 10% of the shares. After Lin Baicheng's public acquisition appeared at noon, Henry Kaiser was very surprised and surprised when he saw Lin Baicheng's shareholding ratio. He had no intention of competing with Lin Baicheng.
Henry Kaiserk later contacted Shen Chou and asked if Shen Chou would continue to acquire the shares of the telephone company from Jardine Matheson and Matheson and at what price. Not long ago, Shen Chou told him that he was no longer interested in acquiring the shares, so he naturally wanted to deal with the acquisition. telephone company shares.
Lin Baicheng's public purchase price was HK$10, which was the same as the purchase price of the Italian company. Therefore, Henry Kessack did not contact the Italian company because it was meaningless.
After some consideration, Henry Caesar decided to sell one-third of his shares, that is, 5 million shares, and retain 10 million shares to become a small shareholder of the telephone company.
Although he had no dealings with Lin Baicheng, Henry Kasik had to admit one thing, that is, Lin Baicheng was a capable person. After the telephone company fell into Lin Baicheng's hands, it was likely to usher in greater development.
Therefore, Henry Kaiser retained part of the shares of the telephone company, thinking that if the telephone company developed greatly in the future, the value of this part of the shares would also increase accordingly. It doesn't matter if his prediction is wrong. The telephone company has a monopoly on Xiangjiang's telephone business. Even if it doesn't have big development, it won't become a junk company after falling into the hands of Lin Baicheng. At most, it will only suffer a small loss.
Because of Lin Baicheng's sudden intervention, the agreement between Henry Caesar and Shen Chow could not proceed. However, he still wanted to obtain a loan from HSBC for the Land Company to use for the development of the Land Company.
Hong Kong Stock Exchange, VIP room.
After leaving HSBC, Li Jiacheng came here. When Jardine Matheson's previous large sales orders were shipped, he did not let anyone sell a large number of his shares. Of course, he also sold a little of his shares, all slowly above 10 Hong Kong dollars.
Li Jiacheng holds nearly 5 million shares. If converted into capital at a price of 10 Hong Kong dollars, it would be nearly 50 million Hong Kong dollars.
The reason why Li Jiacheng did not sell all the stocks at once at the price of HK$10 is because if he sold an average of HK$0.1 more per share, he would earn nearly HK$500,000 more and sell HK$0.2 more per share. That is nearly one million Hong Kong dollars more.
Therefore, with nearly 10 million Hong Kong dollars remaining for the purchase price of 10 Hong Kong dollars, Li Jiacheng does not mind waiting to see if the phone company's stock price can rebound again.
When there were a little more than 8 million shares left with buy orders at the price of HK$10, the phone company's stock price began to slowly rise, and there began to be funds willing to go long, which reassured Li Jiacheng a lot.
Li Jiacheng, who still has more than four million shares in hand, cannot wait until there are five million shares left in the purchase order before starting to sell in large quantities. He wants to be on guard against someone having the same idea as him, so he waits until there are six or seven hundred shares left in the purchase order. When the number of shares reaches 10,000, it is time to start selling in large quantities.
Fortunately, now that the phone company's stock price has begun to rise again, Li Jiacheng can earn a little more.
Time flies to four o'clock, and the stock market closes.
Not long after the stock market closed, Lin Baicheng listened to Qin Lan's report. The number of shares purchased from the stock market in the afternoon was more than 12.2 million shares, and there was still a little more than 6.15 million shares needed to acquire 66 million shares.
At present, Lin Baicheng's shareholding ratio in the telephone company is nearly 40%. Basically, there will be no surprises in the acquisition of the telephone company.
Qin Lan said: "Mr. Lin, I believe that all the remaining six million shares will be acquired tomorrow, and then you can join the telephone company."
Nodding, Lin Baicheng suddenly asked: "Qin Lan, do you think you can acquire 30% of the shares from the controlling parties of the telephone company and Jardine Matheson? By then acquiring some more shares, the shareholding ratio can reach 75%. , privatize the telephone company?" At this moment, of course he didn't know that Jardine Matheson only had 10 million shares of the telephone company left.
Qin Lan said: "Mr. Lin, it is possible, but if you do this, they will definitely know that you want to privatize the phone company, and the price they will offer will definitely be very high."
"I know that."
Lin Baicheng was not surprised. If he had had such an opportunity, he would have offered a high price and sold his shares at a good price.
"Mr. Lin, you told me that you acquired the phone company because you believed that mobile phones would be developed in a few years and that mobile phones would be a big market in the future."
"However, mobile phones are still several years away from being developed, and even if they are developed, it will certainly take several years before they are widely available, so even if you want to privatize your phone company, you don't have to do it now."
"You can first own the phone company and slowly privatize the phone company in the next few years. In this way, the price you pay will not be too high. Anyway, privatization is not urgent. What do you think?"
Qin Lan said her thoughts. She felt that there was no need to rush to privatize the phone company now.
"What you said makes sense."
Lin Baicheng couldn't help but nodded slightly after hearing this, and agreed with Qin Lan's words. There is really no need to be anxious about privatizing the phone company. After all, even Sun Electronics Communications Company has not yet acquired the relevant technology from Bell Labs, and the commercialization of mobile phones is even more important. It's a matter of no shadow.
"Let's forget about privatization for now, and there is no rush to even take over the phone company. When the time comes, you can go to the phone company and appease the phone company's management. I don't have time these days. After my sister gets married, I’ll go to the phone company again.”
Qin Lan nodded and said: "Don't worry, Mr. Lin, I will do a good job in the relevant work to prevent chaos in the phone company."
"That's good."
Lin Baicheng said no more.
At around eleven o'clock the next morning, all of Lin Baicheng's buy orders at the price of 10 Hong Kong dollars were completed. He held 66 million shares of the telephone company, and his 44% shareholding ratio was enough for him to gain control of the telephone company.
After the buy order at 10 Hong Kong dollars returned to zero, the phone company's stock price quickly fell to 9.5 Hong Kong dollars, and then fell to 9 Hong Kong dollars. By the time the market closed in the morning, the phone company's stock price had fallen to around 8.5 Hong Kong dollars. .
At this time, the stock price of the telephone company has risen a lot compared to before Lin Baicheng's acquisition. Lin Baicheng's entry into the telephone company will definitely increase the market's confidence in the telephone company. It is still relatively possible that its stock price will stabilize above 8 Hong Kong dollars. big.
After the share acquisition was completed, Qin Lan immediately reported to Lin Baicheng, and also reported the funds spent on the acquisition of the telephone company.
Among the 66 million shares, the first 27.3%, or 40.95 million shares, cost Lin Baicheng 258 million Hong Kong dollars. This was because he started buying slowly early in the morning and short-term trading from time to time, so the cost price was low.
Before the formal public acquisition, Lin Baicheng's holdings in the telephone company were 47.64 million shares, of which he purchased 6.69 million shares. A small part of these shares were purchased from the stock market, and more were purchased from other small shareholders. Among them, the shares purchased from small shareholders had a considerable premium.
These 6.69 million shares cost Lin Baicheng a total of HK$54.8 million.
The calculation for the remaining 18.36 million shares is simple. The cost price per share is HK$10 and the cost is HK$183.6 million.
Adding up the three waves, 66 million shares cost Lin Baicheng a total of HK$496.4 million, nearly HK$500 million.
Based on the current stock price of the telephone company of almost HK$8.5, the total market value is about HK$1.275 billion. Lin Baicheng's 44% shares are worth HK$561 million, and he spent nearly HK$500 million. In total, he did not lose money, but made a small profit.
Of course, the current stock price of the phone company has not stabilized, and it is still too early to say whether it will make a profit.
However, in this kind of acquisition of a company with a market value of one billion Hong Kong dollars, without a premium acquisition, it is already a big profit, unless the acquisition is a loss-making enterprise, but the telephone company is obviously not in this group.
After listening to the report, Lin Baicheng couldn't help but say: "When acquiring companies, it is better to start acquiring them early and slowly. In this way, not only can the acquisition be completed smoothly, but the cost is not high."
"Mr. Lin, that's what you said."
Qin Lan agrees with this very much. The acquisition of the telephone company is a ready example.
Lin Baicheng said: "The phone company, you can go there in the afternoon."
"OK."
Qin Lan responded.
Lin Baicheng: "After you are done with the phone company, you ask Anyuan to arrange for someone to purchase Land Company's shares from the stock market. Do it slowly and don't attract any attention."
"Mr. Lin, do you want to acquire a real estate company?"
Qin Lan cheered up. This was the Land Company known as the King of Land in Xiangjiang. The right-hand man of Jardine Matheson and Co., which had already lost Wharf, was the real estate company. If it lost Land Company again, the four major foreign companies would no longer be worthy of their name.
"I have this idea, but Jardine Matheson and Land hold cross-shareholdings in each other. Jardine Matheson has a higher shareholding ratio in Land, so we have to take our time and not rush. I am prepared to spend two to three years or even longer. It’s time to acquire land, now we’re just starting to lay out.”
Lin Baicheng nodded. Qin Lan was the director of his secretariat in Xiangjiang and knew a lot about him, so he could be trusted. There was no need to hide the acquisition of the real estate company from Qin Lan.
"After I finish what I'm doing, I'll take charge of it myself."
Qin Lan immediately said, what an honor it would be if she could acquire the Land Company from her hands.
Lin Baicheng didn't say anything more. The current acquisition of the real estate company was just a preliminary layout, and it could only be done slowly, not in a hurry.
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