Reborn Tycoon Rise
Chapter 142 Jingzhou Yingni Acquisition Battle (9)
"Xu Sheng, including Li Jiacheng's shares, the equity we currently own has exceeded 49.9%. Do you want to announce that we have successfully acquired Qingzhou Yingni Company?" Wang Liming came to report this to Xu Zhi early in the morning. good news!
Xu Zhi asked: "At what price is the Kane family purchasing?"
Wang Liming said: "6.1 Hong Kong dollars per share!"
Xu Zhi smiled and said, "I thought they would keep fighting with us!"
Previously, Xu Zhi arranged to acquire Duoli at a 60% premium. On the afternoon of that day, the Kane family, having obtained the funds, immediately raised the acquisition price to 70%.
Of course Xu Zhi refused to give in, and immediately raised it to 80%...
The two parties went back and forth, and the final purchase price for Duoli was HK$6.2. However, the Kane family did not dare to raise the price and set it at HK$6.1, hoping to use the emotional card to acquire more shares.
Many people choose to cash out immediately, while many others continue to wait, hoping to get a higher price.
Wang Liming said: "At present, there should be not many stocks left in the stock market. Since we have acquired 49.9%, any further acquisitions will trigger a comprehensive takeover offer."
Although Xu Zhi and Li Jiacheng belong to two parties, Hong Kong law cannot allow such low-level loopholes to exist. Two or more acquirers at the same time are considered to be one entity.
Xu Zhi said: "Actually, I just want to buy them all!"
If the Hung Hom land is developed well, the profits will be very high. There is no need to share it with the Kane family.
Wang Liming also understood and said: "Then we will make a public and comprehensive acquisition now?"
Xu Zhi shook his head and said: "No, the current stock price is too high. If a comprehensive acquisition is triggered at this moment, it must be acquired at the current price. The cost is too high!"
Xiangjiang law stipulates: After a comprehensive takeover is triggered, all the stocks of other shareholders must be acquired at the then stock price. This is a mandatory requirement. Unless some shareholders are unwilling to sell, otherwise if the acquirer cannot pay such a large sum of money, then it must If the shares are reduced to less than 35%, the acquisition will completely fail.
Before Xu Zhi launched the merger, the total market value of Qingzhou Yingni was almost HK$80 million. However, due to malicious repurchases of shares by both parties, the market value is now close to HK$200 million.
If a comprehensive acquisition is launched at this moment, the Kane family alone will own close to 40% of the shares, which will cost tens of millions of Hong Kong dollars!
"The current stock price is too high!" Wang Liming nodded: "But if we stop the acquisition, it will also cause speculation in the stock market!"
"Actually, the so-called acquisition is about fighting for funds. In the face of absolute strength, any conspiracy is useless. We can defeat Baihui with one force." Xu Zhi said with a smile: "We will continue to acquire, but you can arrange different arrangements for the stocks we have collected." The people will be sent to the Kane family."
Wang Liming understood and said, "Does Xu Sheng want to consume their funds?"
Xu Zhidao: "Yes, this is actually a fight for funds. According to the news from Li Jiacheng, the loan interest applied for by the Kane family from Standard Chartered is extremely high. What we have to do is to consume his funds. After we announce the holding, we will acquire When it ends, the stock price plummets, and when the Kane family faces debt collection from Standard Chartered Bank, it is estimated that they will not be able to sell their shares at a low price!"
Wang Liming nodded and said: "Okay, I understand."
"Wait!" Xu Zhi said again: "We must also guard against this move from the other party. You must be particularly careful not to let them secretly sell their shares to us at a high price!"
The same was true for the most famous battle for Wharf in the history of Hong Kong. Land first announced its intention to acquire the Wharf shares from shareholders for 100 Hong Kong dollars of Land shares and bonds. However, due to the tactics used by Land in the process of drinking milk, many people faced it. He endured the temptation and waited for the charter king's next move.
And Bao Yugang did not disappoint everyone. He quickly decided to use 2.1 billion Hong Kong dollars to purchase in cash at a price of 105 Hong Kong dollars per share. In just 2 hours, he acquired enough stocks and successfully controlled Wharf.
But 20% of the stocks were traded within 2 hours, which is almost impossible in the secondary market. In fact, Jardine cut the mess quickly, cut off the meat quickly, and sold its own stocks to Bao Yugang at a high price!
Although Xu Zhi is more interested in acquiring the other party's company, he will not give the other party a chance to take advantage!
…
"So, now the Kane family has acquired 6% of the shares?" Li Jiacheng said with a faint smile after listening to Xu Zhi's words.
Xu Zhi nodded: "Yes, basically we sent it over. We acquired it on June 2nd and sold it to them on June 1st. We lost 10 cents per share, but this 6% also cost their family more than 10 million Hong Kong dollars. , I guess the loan from Standard Chartered Bank is almost there, right?”
Li Jiacheng nodded and said: "Yes, although according to the data, the market value of the stocks held by the Kane family is as high as 60 million Hong Kong dollars, but banks are not stupid. This is just the rise in stock prices caused by the outbreak of the acquisition war, not to mention this It’s an emergency loan, and it’s already good to be able to borrow 12 million Hong Kong dollars!”
"Then we will act according to the machine plan. Li Sheng, are the arrangements at Standard Chartered Bank in place?"
Li Jiacheng smiled and said: "Xu Sheng, don't worry, I am a good friend of a director of Standard Chartered Bank. They already know about this and will act according to the plan!"
Xu Zhi nodded and said, "It's time to meet our future company!"
…
Office of Chairman Qingzhou Yingni:
William looked at the data in front of him and asked with some confusion: "Our price is obviously lower than Duoli, why did we acquire so many stocks?"
The assistant also nodded and said: "It's a bit strange. Logically speaking, those investors can't have any sentiments, and they can't choose to sell at a low price even if the price is one penny higher!"
"I always have an ominous premonition." William frowned.
The assistant said: "Boss, no matter what, we now own almost 45% of the voting rights, plus some of your friend's stocks. Although we paid a lot of money this time, we succeeded in keeping the company."
William said: "What bullshit friends? Don't mention them. I asked them to get the equity certificates, but they refused. Some of them may have sold their stocks long ago."
"What?" The assistant said with a look of disbelief: "They are all descendants of the founders who founded the company together. How could they just sell their own stocks?"
"I'm almost tempted by the 100% increase. Don't talk about them! What I'm most worried about is that they have betrayed me."
Just when the assistant was about to say anything more, a staff member rushed in in a panic.
"What are you doing?" The assistant's expression changed and he scolded loudly. He was a completely different person from the friendly look he had with his boss just now!
The person who came quickly apologized and said: "No, Evergrande Company, Li Jiacheng and people from Standard Chartered Bank are here together. They said they want to take over the company!"
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