I Want To Be a Rich Man on Hong Kong Island

Chapter 389 [Partial Acquisition - Final Word! 】

After the resumption of trading the next day, trading was active, and Everbright Securities and HSBC, as representatives of Yalong's securities acquisitions, began to get busy.

Upon seeing this, the board of directors of CMB made a statement in the media again: The board of directors of CMB has entrusted Jones Lang LaSalle to revaluate the property assets of CMB, and appealed to the shareholders of CMB to reject Yalong’s acquisition proposal on the grounds that Yalong’s bid was too low. The points raised by the takeover are not economical and the takeover is not in the public interest.

This statement was indeed effective. Some shareholders heard that CMB's property value was revalued, and immediately stopped selling their shares, and continued to wait for the price.

Although China-Brazil said on the surface that it would not take over the anti-acquisition, it would stand still; in fact, at the price of 1.3 Hong Kong dollars per share in the market that day, a big hand sucked in 150,000 shares of China-Brazil stock to "suppress the shock".

Of course, compared to the pediatrics that Yalong bought that day, Yalong bought 3 million shares of China-Brazil on the same day, with a total shareholding of 32%, which is a step closer to the goal.

On the next day, Jones Lang LaSalle entrusted by the board of directors of CMB valued all the properties of CMB at 50 million Hong Kong dollars, and Hong Kong and Kowloon were shocked.

Jones Lang LaSalle believes that if these properties are covered with high-altitude development rights, their value will be greatly increased; The net property value of Pakistan is 50 million Hong Kong dollars, plus the equivalent value of CMB's buses, the net asset value per share should be 1.6 Hong Kong dollars.

CMB's property valuation was immediately refuted by Yalong.

Luo Rui, the general manager of Yalong, said that the "if" of the board of directors of CMB is unrealistic. The land of CMB belongs to industrial land, and the change of use needs to be reported to the Hong Kong government and paid a large fee.

For a while, the two sides once again attacked each other in the media.

 …

On August 28, Global Building, Group Meeting Room.

Wu Guangyao presided over the meeting, which raised the meeting several levels.

"How many shares in CMB does Yalong hold?" Wu Guangyao asked.

Luo Rui quickly said: "After three trading days of trading, Yalong currently holds 40% of CMB's shares, and I believe it will reach about 50% soon."

Wu Guangyao shook his head and said, "The board of directors of China-Pakistan is not a puppet and is at our mercy. To tell you the truth, according to the news from my reporter's visit, China-Pakistan was arguing with us about the value of China-Pakistan properties in newspapers, and at the same time was arguing with us. Employee agreements to increase wages,

To win the sympathy and support of employees. "

Acquisition consultant Riley said: "But we have also won the support of the Hong Kong government and citizens!"

Wu Guangyao looked at these people. Although they were all masters in acquisitions, their vision was still a bit worse than his own.

Wu Guangyao asked rhetorically: "If the board of directors of China-Pakistan announces that it proposes to increase the annual dividend by 50% and implement this policy every year, who do you think the shareholders will support?"

The people in the room gasped after hearing this, and then realized that the board of directors of CMB was controlled by Yan, and Yalong was turned away;

Instead of losing control, the Yan family might as well please the stockholders generously to increase their reputation.

Wu Guangyao said again: "Or the board of directors of CMB found a white knight, formed a new company, and reversed the acquisition. Isn't what we did before us useless?"

Wu Guangyao's words calmed everyone down. The Board of Directors of China-Pakistan has been really abnormal these days. Apart from arguing with Yalong on the property value in the newspaper, no other actions have been seen;

In this way, it is obvious that the boss's analysis is very reasonable!

Luo Rui immediately said: "Boss, now we are 16% away from the 56% purchase agreement (announcement of how many shares to buy, we must abide by it.) I propose to increase the price in one go, without giving the China-Brazil board of directors a chance to fight back."

Wu Guangyao said with a smile: "That's pretty much the same! Maximize the benefits as much as possible, or lose all benefits. Therefore, when acquiring a company, as long as we think it has this value, then don't be stingy, lest you regret it later."

"You immediately issued an announcement to acquire the remaining 16% of the shares at 1.6 Hong Kong dollars per share, only for one day tomorrow; if we fail to achieve the target, we will abandon the acquisition and sell the shares in the market."

Everyone was stunned, the boss is making a real fuss!

Not to mention the high price of 1.6 Hong Kong dollars per share, it is 1.5 Hong Kong dollars per share. As long as the boss announces that the transaction is limited to one day, the acquisition can be completed immediately.

After all, before the acquisition broke out, CMB stock was only HK$0.85;

If it wasn't for Yalong's intervention, those stockholders would have such a good opportunity.

In addition, if Yalong really sells shares in the market, CMB's shares will definitely fall below 0.85 Hong Kong dollars, and even cause a sharp drop in CMB.

At that time, those who hold CMB stocks in their hands will really turn gold into silver!

 …

On the same day, after Yalong issued the announcement, stockholders in the entire Hong Kong Island went crazy!

"Zhang Sheng, will you sell your CMB shares tomorrow?"

"Li Sheng, I definitely won't sell it. Sell it for P. This stock is worth at least 2 Hong Kong dollars, so I choose to sell it!"

"Haha, I think so too!"

Such a scene happened in the circle of stock friends. If you think it is true, you are wrong;

After Zhang Sheng and Li Sheng separated, they both said to themselves: "Don't sell it, let me sell it! Everyone sells it. What if Yalong's purchase is full? I can't make money. .”

This is the idea that a dead fellow would not die in a poor way, and many people have this idea.

 …

Yan Chengkun, Yan Hongwei and others panicked when they heard Yalong's announcement!

"What should I do?" Everyone couldn't help but whispered.

After a long time, Yan Chengkun said weakly:

"Hongwei, you go to issue a notice announcing the increase of the annual dividend, and try to stabilize the shareholders!"

"Honglin, go get the workers' representatives to appeal in the media that Yalong is a layman, and everyone is better off doing it well!"

"Hongyan, go ask your Uncle Ye if you can raise enough funds tomorrow. We will buy CMB shares at the same price and carry out a reverse takeover!"

If everyone in Yalong were here, they would definitely be surprised!

Why does the boss know every move of the Yan family?

In fact, Wu Guangyao knew about the actions of the Yan family, but he only saw such cases in later generations.

Time travel is the biggest cheat, so Wu Guangyao can guess Yan's actions, so it is easy to understand.

 …

Yalong only responded with two sentences to the China-Pakistan board of directors' media reports about workers' salary increases and shareholders' increase in year-end dividends.

"These commitments made by the Yan family today will also be recognized by the new China-Pakistan board of directors."

"These are not factors that affect the current transaction. It is the truth that stockholders can get real silver immediately!"

All of a sudden, the Yan family was driven to a dead end, and there was no possibility of winning.

Shareholders are willing to wait for half a year to get a few tenths of a Hong Kong dollar appeasement, what they want is immediate profit.

And the Ye family, the white knight of the Yan family, when they heard that they needed 1.6 Hong Kong dollars per share to buy CMB shares, and they needed to buy 20% of the shares, immediately said that they did not have so much money and were unwilling to continue to join this battle.

Ye didn't want to offend Wu Guangyao at first, and he agreed at the beginning because Wu Guangyao didn't participate too much;

Now, anyone with a discerning eye will know that Mrs. Wu is red-eyed!

Whoever stands in his way will surely hold grudges in his heart and wait for an opportunity to retaliate.

 …

On August 29, there was a long queue at the gates of China Everbright Securities and HSBC Bank, all of whom came to register for the sale of CMB shares.

Since then, the China-Pakistan takeover battle has ended with the victory of Global Freight.

The China-Pakistan takeover battle set a precedent for "partial takeover" in Hong Kong Island. During the period, both sides challenged the authorities' securities regulation everywhere. Hong Kong island financial personnel believe that this takeover case is a case worth studying.

As for Yalong's final decision, everyone speculated that it came from Wu Guangyao.

Everyone is still wondering why Sha Danyao didn't play hard at the beginning, after all, his wealth is dozens to hundreds of times that of the Yan family;

Soon everyone figured it out, after all, CMB is a public listed company, if it doesn’t control the public opinion at the beginning, it is easy to be rejected by the relevant senior officials of the Hong Kong government, resisted by the society, disgusted by the shareholders, etc.

As the saying goes, one ring after another, the rings are interlocking!

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like