The rise of Hong Kong's wealthy families
Chapter 11 Acquisition
After a while, Qian Jun came back with a book of information, handed it to He Jiahao, and said, "This is the basic information of Luotu Clothing Company. It may not be too complete."
"It's okay, I'll take a look first." He Jiahao looked seriously.
In the early days of Xiangjiang, although there were few resources, light industry was still its pillar industry.
Now Tsuen Wan, Tai Po and other places have become new industrial zones. The garment industry occupies a certain proportion and is an industry that cannot be ignored.
Since there are industrial areas, there will be many workers, and these workers are unlikely to wear their usual clothes to work, so uniform work clothes are needed.
Luotu Clothing Company started out by making work clothes.
At the beginning, Luotu Clothing Company was just a small stall in the industrial area that mended work clothes for workers.
Later, because it was cheap and became more and more famous, some factory owners gradually saw the business opportunities and jointly opened Luotu Clothing Company with the stall owners. The factory's workwear orders were also handed over to Luotu Clothing, and soon they were in the hands of Luotu Clothing. It has gained a reputation in the area.
Their most glorious time was when they went public in 1965.
At that time, Luotu Clothing's products were welcomed by middle and lower-class citizens, occupying one-third of the market.
Later, the product design began to fail, and Luotu Clothing began to decline, until now it is struggling to support itself.
Affected by the general environment, Luotu Clothing's stock price has dropped to 0.13 yuan per share, with a total share capital of 10 million shares.
He Jiahao believed that Luotu Clothing Company was very suitable for his current situation, so he decided to acquire Luotu Clothing.
Of course, you need to first see how many odd stocks there are on the stock market. If there are too few odd stocks, you will have to ask Standard Chartered Bank to help acquire them.
"Qian Sheng, please check how many Luotu Apparel stocks are on the market?" He Jiahao gave direct instructions to Qian Jun.
Qian Sheng responded and started to operate.
"He Sheng, there are nearly five million shares for sale on the stock market, and the prices are below 0.13 yuan."
He Jiahao thought about it and said in a deep voice, "Qian Sheng, how many stocks can you acquire without disturbing the market? How long will it take?"
Qian Jun looked at He Jiahao blankly, as if it was a little incredible. Now is the economic downturn, and there are still people who want to buy the shares of the clothing company. "I'm sorry, He Sheng, I was distracted. If the market is not alarmed, I can buy Investing about 2 million shares can be completed in an hour.”
"Can you buy 3.8 million shares at a price of 0.13 yuan?" He Jiahao took a deep breath and said calmly.
Funds are limited, but you must control Luotu Clothing, otherwise you would rather not have it.
"Let me try. Does He Sheng want to acquire Luotu Clothing Company?" Qian Jun asked.
"Yes, what's the problem?" He Jiahao said with some displeasure.
Qian Jun smiled awkwardly and said, "No, in fact, our Standard Chartered Bank can provide acquisition services, so that the acquisition project can be guaranteed."
He Jiahao explained, "Qian Sheng, my funds are limited. I don't have any extra money to focus on these things for the time being, so I can only take a risk."
"Sorry, I was presumptuous." Qian Jun suddenly apologized.
He Jiahao waved his hand, indicating that he didn't mind, and then ordered, "Buy all 500,000 yuan into Luotu Clothing."
"yes!"
Half an hour later, Qian Jun stopped reporting, "He Sheng, you have purchased 3,678,000 shares, your account balance is 21,860 yuan, and the stock price has risen to 0.15 yuan. Do you still need to continue buying?"
"Continue to buy and reach 3.8 million shares directly." He Jiahao said sharply.
After another ten minutes, Qian Jun stopped again and said, "Now I have bought 3.8 million shares, the average price is 0.131 yuan, and the account balance is 2,200 yuan."
"Thank you for your hard work, Mr. Qian. I still have something to ask Mr. Qian." He Jiahao said with a smile.
"He Sheng, please tell me."
"What should I do if I want to become the owner of Luotu Clothing?"
"He Sheng, this is not troublesome. Our Standard Chartered Bank will issue the equity certificate, and then He Sheng will hire a lawyer to go to Luotu Clothing with the information to complete the procedures. Those lawyers know how to do it."
"Then thank you Qian Sheng."
He Jiahao got the certificate and left Standard Chartered Bank.
The legal affairs of Yunzhimeng Company have been handed over to a firm called Zhou Tiexu Law Firm. One of the junior lawyers, Chen Ran, is responsible for the daily legal affairs of Yunzhimeng Company.
He Jiahao came to Zhou Tiexu Law Firm in Causeway Bay, and the front desk took him directly to Chen Ran's office.
"I haven't seen you for a while, He Sheng." Chen Ran, a young man in his early thirties with thick hair and a small beer belly, warmly entertained He Jiahao.
"Lawyer Chen, I don't go to the Three Treasures Palace for anything. Please help me if I have something this time." He Jiahao said with a smile.
Chen Ran asked He Jiahao to sit down, brought him a cup of coffee, and said with a wry smile, "I am Yun Zhimeng's attorney. It is my responsibility to deal with He Sheng's troubles. Please tell He Sheng."
He Jiahao was also unambiguous and took out a document directly from his briefcase and handed it to Chen Ran, saying, "This is proof that I own 38% of the shares of Luotu Clothing Company. I want to be elected as the chairman of the board of directors of this company and control the company." "
Chen Ran looked at the certificate, nodded and said with a smile, "Congratulations to He Sheng for acquiring a listed company. This is no problem. He Sheng can choose a time so that I can make preparations."
"How about next Monday?" He Jiahao chose a time that was neither too long nor too short.
Chen Ran smiled and said, "Okay, He Sheng is really awesome. Not long after he established Yunzhimeng, he acquired a Luotu clothing store. Please look after Zhou Tiexu Law Firm in the future."
He Jiahao smiled bitterly, "Now that the economy is not good, you can become a major shareholder of a listed company with a few hundred thousand. Besides, to get Luotu Clothing, it may take another several hundred thousand."
After chatting with Chen Ran for a few words, He Jiahao said goodbye and returned to Yun Zhimeng.
After the excitement passed, He Jiahao felt that he was a little impulsive. He took action without fully understanding the situation of Luotu Clothing Company. The information provided by Standard Chartered Bank was only basic information, and there was not much recent operating information. It was possible that Luotu Clothing was a pitfall, so he asked Qin Haiming to investigate the more detailed situation of Luotu Clothing Company and be prepared to deal with the problem in advance.
Monday comes quietly.
After investigation, He Jiahao learned that Luotu Clothing Company did not have any big problems. It was just that some goods were backlogged in the warehouse, working capital was almost exhausted, and the styles were old and they did not know how to innovate. The company was already facing a big crisis.
The board meeting went smoothly. Almost all shareholders supported He Jiahao to become the chairman of Luotu Clothing. They just hoped that the chairman could solve the problems facing the company as soon as possible and get the company back on track.
In this regard, He Jiahao could only say yes and try his best, but he was indifferent in his heart.
Did he fall into a pit or jump out on his own?
There is no other way but to pull Luotu Clothing out of trouble, otherwise all the money invested will be wasted.
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