I Want To Be a Rich Man on Hong Kong Island

"You little bastard! Make trouble, I will beat you to death today!" Yan Hongwei raised a big stick and swung it at Yan Junnan. Yan Junnan grinned in pain and quickly hid behind his mother.

"Dad, I was wrong, I don't dare to do it again! Grandpa, I was wrong, please help me!" Yan Junnan still looked like a son-in-law there at this time, with a look of fear and heartbreak, crying bitterly.

"Husband, Nan'er is your son, how could you beat him to death! Dad, Nan'er has said it all, and he didn't touch the woman in the slightest, but his words offended. I think he wanted to hostilely acquire China-Pakistan Company." , I just found this reason on purpose." While stopping Yan Hongwei, the middle-aged lady asked Yan Chengkun for help.

Yan Chengkun has three sons, all of whom work in the CMB company. The CMB company has become the most important asset of the Yan family. At this time, the second and third families can't wait to beat Yan Junnan, the troublemaker, to death.

Erfang Yan Honglin said fiercely: "If you don't cause trouble, Sha Danyao has a reason to hostilely acquire China-Brazil Company? Now it's all right. Others not only want to hostilely acquire China-Brazil Company, but also take up morality. People in Hong Kong Island will only say that we Yan There is a second-generation ancestor in the family who molested good women."

Sanfang Yan Hongyan also said angrily: "If it's just because our family has a second generation ancestor, and the family property that we have worked so hard for is taken away by others, do you think our hard work these years is worth it?"

Hearing the words of his second and third younger brothers, Yan Hongwei didn't get angry, and once again stepped forward and waved the stick violently. Even if the middle-aged lady stopped him, several sticks fell on Yan Junnan, and there was a sudden message Pieces screamed.

"Okay, Hongwei! Enough!" Yan Chengkun shouted loudly.

Yan Chengkun continued: "What's the use of beating him to death? Will others let us go? Instead of doing this, everyone should think about how to deal with it together."

It turned out that since Yalong disclosed his identity, for some reason, gossip about the last conflict spread out!

Naturally, Wu Guangyao didn't take the initiative to spread it, because Wu Guangyao felt that it was unnecessary.

.........

In August, Yalong, as the second largest shareholder, continuously proposed to the board of directors of China Pakistan to improve the management and efficiency of China Pakistan. As expected, the board of directors of China Pakistan controlled by the Yan family refused to adopt them.

At the same time, it also rejected Yalong's request to join the board of directors, even if it is a shareholder who holds 27% of CMB shares.

This move obviously won the sympathy and support of the citizens and the Hong Kong Island government. Sure enough, when Yalong started contacting the relevant high-level officials of the Hong Kong Island government,

Guaranteed - no intention to contest the change of hands of China-Pakistan.

Obviously, Yalong's strategy has succeeded, and the conditions for the acquisition of China-Pakistan are ripe, and it is time to launch a final counterattack against China-Pakistan.

On the afternoon of August 20, Universal Group held a high-level meeting to plan the final preparations for the China-Pakistan merger war.

During the period, many reporters got rumors and called to ask for confirmation. Everbright Securities confirmed that Global Cargo is holding a high-level meeting, the content of which is related to the acquisition of China-Pakistan, and the specific content will be announced later.

At 7 o'clock that night, the meeting ended. Global Cargo immediately issued an announcement on the radio: Global Cargo will acquire 17.4 million shares of CMB at HK$1.3 per share through its wholly-owned subsidiary, Yalong, accounting for about 29% of the total issued shares. %, involving funds of 22.62 million Hong Kong dollars.

At the same time, Global Cargo said that it already owns 27% of CMB's shares. After the completion of the acquisition, Global Cargo will hold 56% of CMB's shares.

This acquisition can be said to have created a precedent for "partial acquisition" on Hong Kong Island.

The next day, Global Lines explained in the newspapers: the reason why it did not propose a comprehensive acquisition to CMB is that according to the public bus service regulations, CMB must maintain a public listing in order to obtain operating patent rights; therefore, the acquisition proposal It is only proposed to acquire shares sufficient for Global Cargo to gain control of China-Pakistan.

For a while, the financial circles in Hong Kong Island were in an uproar, and some reporters went to the Securities Regulatory Commission of Hong Kong Island to verify whether the move by Global Cargo was legal.

In this regard, Hong Kong Island Securities Commissioner and Chairman of the Mergers and Acquisitions Committee Mai En made it clear:

According to Article 10 of the current takeover and merger code in Hong Kong Island, that is, "if the proposer intends to acquire a part of any securities of a company, any statement made must clearly state that the proposal is still subject to the approval of the committee";

Maien said that although the acquisition proposal of Global Cargo is to result in the transfer of control rights, it also exceeds the definition of the cut-off point of 49% control rights (full acquisition point) to be implemented;

However, according to the law on patent management, if a public relations institution is a listed company, about 25% of the shares must be held by the public to avoid becoming a private institution;

Therefore, the Acquisitions and Mergers Committee approved the proposal of Global Cargo's "Partial Acquisition".

 …

In response to Yalong's announcement, the board of directors of CMB applied to suspend trading in CMB stock for one day that morning.

Global Group, Global Terminal, Global Cargo, Yalong, the four-level parent company, to put it bluntly, is Wu Guangyao's thug;

Wu Guangyao's sudden involvement in the public transportation business is naturally reminiscent of the second ancestor of the Yan family molesting his lover. Some people also speculate that the purpose of this acquisition is to covet the large amount of high-quality and cheap land reserves in China and Pakistan.

The above two speculations are obviously unfavorable factors for this acquisition. Fortunately, Yalong has made sufficient preparations:

In advance, as a shareholder, he continuously suggested various improvements to China-Pakistan, which received unanimous praise;

At the time of the acquisition, they promised the citizens in the media that they would purchase a certain percentage of new cars and improve the maintenance standards and frequency of buses without raising prices; they also promised to improve the service conditions and working environment for employees after the acquisition was successful.

And Yalong emphasized that Global Cargo has experience in managing bus services, and Global Cargo will invite United Overseas Transport Company, after the success of the acquisition, to send a consulting company to provide business assistance to Global Cargo.

It can be said that the balance of victory has shifted to Yaron at this time, and the price proposed by Yaron is very attractive.

On that day, the minority shareholders who had held CMB shares for many years were of course very excited. HK$1.3 per share has appreciated by 52% compared to HK$0.85 before the acquisition.

.........

On the day of the trading suspension, the board of directors of CMB held an economic meeting with financial advisor Baoyuan Investment at Yan's Kennedy Town residence.

After the meeting, the board of directors of CMB announced three resolutions of the board of directors to the press:

First, all members of the Huang family resigned voluntarily and no longer served as members of the board of directors, effective immediately.

Second, officially appoint Baoyuan Investment as the financial advisor of CMB and provide advice to shareholders.

Third, Yalong’s acquisition proposal is absolutely unpopular, and the acquisition price of Yalong does not reflect the actual value of CMB, and is not in the interests of CMB shareholders and the public. The board of directors recommends that other shareholders reject the acquisition.

The Board of Directors of CMB has always emphasized:

CMB owns the open-air parking lot No. 5532 and No. 7178 in North Point, with a total area of ​​100,000 square feet, and the total land value is not less than 15 million Hong Kong dollars; No. 2585 open-air parking lot and repair shop in Kennedy, with a total area of 80,000 square feet, the total land value is not less than 15 million Hong Kong dollars.

The board of directors of China-Brazil believes that the purchase price of Yalong is unreasonable (too low), and shareholders are requested not to sell their shares.

The board of directors of China-Brazil made such a statement, and a reporter asked whether the board of directors of China-Brazil had any suggestions for anti-acquisition.

The conclusion reached is no!

Yalong directly sarcastically said, Since you think that the stock price of CMB is more than 1.3 Hong Kong dollars, and you advise shareholders not to sell it, why don't you reverse the acquisition?

Isn't this a contradiction!

For a while, the war continued, and the two sides issued announcements several times a day, you come and go.

Obviously, the media in Hong Kong Island is excited, this is a big battle in the securities market!

Some media even started digging up the history of the two sides, wantonly domineering.

Of course, no media dared to dig into Wu Guangyao's personal affairs, at most they only dig into the affairs of Universal Group.

The lessons learned by the Sing Tao Newspaper, the Hong Kong Island news media are afraid after thinking about it.

Although the Sing Tao Newspaper is still led by Hu Xian at this time, Hu Xian also owns 49% of the shares;

But as the old Chinese saying goes, it is better to be a chicken head than a phoenix tail, and it is not a good thing to be bought by someone!

The most exciting thing was the opening of CMB stocks the next day!