Chapter 853 Proposal for Additional Share Issuance
"The largest shareholder of asml company has changed to an arm company? Oh my God... This is a huge shock in the semiconductor industry!"
"Why is there no news in advance? This merger and acquisition is too silent, right?"
"Wait a minute, isn't the controlling party of Arm that is the famous Bentayga Capital Group in the financial crisis? Does this mean that Asml Company has now become a member of the Bentayga Capital Group?"
"The Bentayga Capital Group is not only the controlling party of the arm, but also its parent company. After arm's privatization, it has completely become a wholly-owned subsidiary of the Bentayga Capital Group. Depending on the situation, the Bentayga Capital Group wants to monopolize the upstream resources of the semiconductor industry."
"Arm has become the major shareholder of Asml, and is the independent chip design and manufacturing giants such as Intel, Qualcomm, Amd, and Samsung, will be pinched to their throats? Asml, however, completely occupying the high-end and highest-end markets of the lithography machine market, and its main customer base is these giant chip manufacturers."
"Arm companies are not chip IP services companies? They do not participate in chip design and manufacturing independently. Why do they acquire Asml companies?"
"I'm afraid it's going to transform and spread to chip design and manufacturing fields again."
"What a big deal, what a big industry structure. Arm Company has developed in the past two years since it changed its controlling party."
"Asml company is not small in size. Arm company, if it acquires 25.7% of its equity, it will still have 20 to 30 billion US dollars? They have so much money on their account? The current gloom in the semiconductor industry is not dissipating, and the market expectations are very pessimistic. At this time, there should be no banks and investment institutions that dare to support such bold mergers and acquisitions, right?"
"Arm doesn't have that much money, but the 'Bentayga Capital' Group, a capital group that reaps global capital and accumulates hundreds of billions of dollars in profits during the financial crisis, is not short of money. I guess the 'Bentayga Capital' Group is just a springboard for the acquisition of Asml company."
"This Bentayga Capital Group has been making a lot of noise recently!"
"Yes, I heard that the Luo Family Group is also in contact with them. Asml company fell into the hands of arm, even if it fell into the hands of Chinese capital."
"At the beginning, the capitals of various departments abandoned the arm company, which caused the Bentayga Capital Group to get a bargain, which was really a mistake."
"Arm has no growth potential, and it is normal for capital to be abandoned, but asml is different. I really don't understand why those mutual funds gave up their equity so quickly."
"According to the equity composition of Asml Company, even if Arm Company has the position of the largest shareholder, it should not be able to control the board of directors and shareholders' meetings, right? The former management team and other capital parties will definitely find ways to snipe at the board of directors and shareholders' meetings in the face of the invasion of Chinese capital."
"It is probably too early to say that a 25.7% stake is a merger and acquisition."
"As long as you can't control the board of directors and shareholders' meeting, the future of Asml company still has nothing to do with China Capital. At most, they can only be financial investors."
In the entire investment community, all parties in the semiconductor industry were discussing the news that "arm has obtained the position of the largest shareholder of Asml company".
A team led by Su Yue, including the ‘core managers of the arm company’.
We have joined hands with Klee Angeno and his joint actors to invite the resolution of the extraordinary general meeting to all shareholders of Asml Company with more than 50% of the shares voting rights of both parties, and requested that an extraordinary general meeting of shareholders be convened on April 20 to resolve major matters.
"How come Klee Angeno, this guy, stands with Arm and Chinese-funded institutions?"
Chad Fitzgeral, the investment business president of the Dutch Commercial Bank investment department, frowned and said angrily: "And why did the guys like Curtifo and Jeff Edmund transfer their shares to arm without a sound?"
"It's like selling shares at a low price, selling asml companies at a low price."
"I heard that Mr. Benjamin Dale was inciting them," said Dena Geoffrey, the president's special assistant. "Not long ago, Mr. Benjamin Dale met with Mr. Su from the Bentayga Capital Group at a party he hosted. I don't know what they were talking about, but I think... there should be some cooperation."
"Because of Ms. Annar, the Roche Family Group has a great influence in our country."
"Curtyford, Mr. Jeff Edmund and others have many interests in cooperation with the Roche family group. If Mr. Benjamin Dell is influential, they will easily be eroded by Chinese capital."
"I just don't know why Mr. Klee Angeno suddenly stood on the side of the arm."
"According to the news, Mr. Kilbert of Arm did appear in Vidhoven some time ago, but no new news has been heard."
"Mr. Klee Angeno has always been discussing capital's specific operational affairs of Asml Company."
"There is no reason to let Arm enter and become a new capital holding party, so will it be restricted?"
"Roche Family Group..." Chad Fitzgeral felt even more trouble when he thought of this family. "If the Roche Family Group really joins the Chinese-funded institution, the Chinese-funded institution of Bentayga Capital, then the entire European capital investment community will undergo earth-shaking changes."
"First it's the arm company, then the asml company..."
"Chinese-funded institutions are stealing all core technologies of Europe's industries. If they are not curbed, they will definitely be more unscrupulous in the future."
"Jeffrey, immediately notify other institutional shareholders to counterattack, we must counterattack." Chad Fitzgeral said anxiously, "We cannot allow Arm to conduct a comprehensive merger and acquisition of Asml, and the Chinese institutions behind Arm can fully control the board of directors and shareholders' meetings of Asml."
Dana Jeffrey nodded and immediately began to execute the instructions of President Chad Fitzgeral.
At the same time, Su Yue asked Kilbert, in the name of Arm, to all shareholders of Asml companies, to issue a 15% bidding offer to all shareholders of the market asml company.
Strive for the remaining retail investors' holdings and institutions that want to withdraw from Asml's investment in time.
As arm company fully intervened in Asml's equity acquisition, Asml's stock price soared rapidly on the Amsterdam Exchange, and rose by more than 12% in three trading days.
Finally, on the 20th day.
The funds under the Bentayga Capital Group have obtained a total of 2.1% of the circulating shares of Asml Company from over-the-counter transactions and secondary market transactions.
At this point, the 15.5% equity transferred by Klee Angeno and his entire management team are included.
‘Bentayga Capital’ Group holds a total of 43.3% of the shares of Asml Company.
Then, when Kry Angeno and his management team signed the transfer agreement, they made private agreements with the Bentayga Capital Group. Then... in the upcoming extraordinary general meeting of shareholders, the Bentayga Capital Group represented by the arm company has determined to acquire 54.8% of the voting rights of the shares.
They only need to obtain 12.2% of the shares voting rights before and at the shareholders' meeting.
This will allow the arm company to submit capital and issue additional shares to be approved, so that the comprehensive merger and acquisition plan can be perfectly implemented at the company level.
Of course... Since retail shareholders in the secondary market mostly abstain from the shareholders' meeting.
Therefore, in actual operations, there is no need to win 12.2% of the shares, which can lock in the victory and completely control the resolution of the shareholders' meeting.
Just for the sake of safety and ensure that everything is foolproof.
Su Yue still used some interests to win over some free institutions before April 20 through the power of the Luo family group.
On April 20, the asml company's extraordinary shareholders' meeting was held.
Su Yue and Kilbert represented Bentayga Capital and Arm to attend the shareholders' meeting respectively. At the same time, the Dutch Bank, Swiss Bank, three other Dutch mutual funds, and more than ten other investment institutions were also present.
As executive president and chairman of the board of directors of Asml, Klee Angeno presided over the meeting.
"Everyone, today I convene everyone to hold an extraordinary general meeting of shareholders. I want to resolve a matter that is of great significance to our Asml company in the future." Klee Angeno said, "Before resolving this matter, I would like to show you the company's specific operation report for the last quarter."
"This report will be made public to the market on the 25th."
As he said that, Klee Angeno asked the secretary of the meeting to send a copy to every shareholder present.
Everyone opened the operating report of last quarter and read it roughly, and their eyebrows were basically tightened.
"How can internal capital flow be so bad? The overall operating data has deteriorated too much compared to last quarter. What did you do?" Chad Fitzgeral, president of the investment business department of the Bank of Netherlands, said angrily, "The R&D and experimental costs have risen too fast, and the profits are far from keeping up. Mr. Angueno, have you not made any progress in your 'extreme ultraviolet lithography' technology? At your progress, you have burned all the company's money, and the nxe series cannot be mass-produced."
"According to me, it's better to stop first and consolidate the existing market."
"It's not me that the gap between your sales team and Nikon and Canon is too far."
"I'm not saying that this is wrong, but I have to look at the entire industry and the overall economic situation."
"The current market demand has not reached the point where it must be met by using the next generation of lithography technology."
Kley Angeno's bearded face also showed a hint of anger. He was always dissatisfied with the guy Chad Fitzgeral and couldn't help but shout: "Without technical leadership, what should I use to consolidate the market? Do I want to beg customers like selling a house?"
“We are a technology company, not a service company.”
"Who is the blame for the company's cash flow so bad? Technical research cannot be smooth sailing, and twists and turns are inevitable. Give ups and downs, and only know how to give up. In the end... what competitiveness can our asml company leave in the market?"
"Last quarter, I told all shareholders that the market is pessimistic in the future."
"Companies need strong cash to support the company through difficulties, increase their technical reserves, and strive to occupy an absolute dominant position at the next explosion point in the industry, thereby completely defeating competitors and seizing the industry's biggest profit."
"But have all the shareholders heard it?"
"I remember in February this year, the company applied for a loan from the Dutch Bank where Mr. Chad is located. Did Mr. Chad help?"
"We had to start IPO financing without applying for the loan in the end."
"But even if it is IPO financing, you are not thinking about what the Asml company will do in the future. You just want to tell a good story and raise the short-term valuation of Asml company through various capital institutions around the world so that you can cash out immediately and leave."
"The company's internal crisis turned a blind eye to the short-term interests of the capital market."
"Asml Company, you have an unshirkable responsibility to this point. Our management will never take the blame."
"Don't be excited, everyone," said Connor Iveli, a representative figure of UBS Investment. "Under the financial crisis, no one's life is easy. Asml Company has subjective and objective reasons to this point, but no matter what the reason is, we should not argue again."
"But you have to think about how to solve it."
"I believe that Mr. Angeno made these operating data public, not to anger all the shareholders here, but to let everyone discuss how to solve this problem."
"Mr. Conner understands the truth." The anger on Klee Angeno's face disappeared, and he continued, "At present, what Asml company lacks the most is funds. As long as it is supplementary, within one year, I can completely achieve mass production of the nxe series models, further increase the market share of high-end and highest-end lithography machines, and lead the transformation of chip manufacturing technology."
"To put it bluntly, you still want to continue on the original technical route." Chad Fitzgeral became more angry. "The future economy, even according to optimistic estimates, will recover very slowly. If you do this, it will drag down the entire company. As a shareholder of Asml, I don't agree."
"According to Mr. Angueno's development route, how much funds are needed to ensure that the NXE series models can be mass-produced?" Connor Yveli asked calmly, "Billion dollars, 1.5 billion dollars, or two billion or even more?"
"To ensure that Asml company can survive in the worst industry environment and continue to promote the next generation of lithography technology, I need at least $2.5 billion in funds," said Klee Angeno. "But... no need to worry about shareholders. Asml company, the largest shareholder, is now willing to continue to invest $2.5 billion in Asml company to ensure the company's operations and R&D."
"After my communication with Mr. Kilbert, President of Arm."
"They promised to inject the funds in the form of additional shares. Of course... this additional issuance proposal also requires the approval of all shareholders."
"What, issuance of additional shares?" The shareholders widened their eyes.
"This is diluting equity and seizing control. It is impossible, and I disagree." After reacting, many investors in the investment were indignant and protested strongly, "Angeno, you are colluding with foreign capital to resell Asml companies. It's shameless, it's simply shameless."
Seeing everyone's angry look, Su Yue couldn't help but laugh contemptuously and said loudly: "Stock shareholders' meeting, all proposals are voted and passed by all shareholders. Do you disagree if you say you don't agree? When did you claim to be the elite of the upper class learn to curse the shrew?"
Chapter completed!