Chapter 273~274 [Step on me? 】(1/2)
The next day (4.28), Thursday.
A "well-intentioned privatization" and a "hostile acquisition" by the New Era Group have caused great waves in Hong Kong.
However, the biggest news is still: Jardine Matheson Strategy and its controlled Mandarin Oriental Hotel issued a joint statement that Mandarin will issue 10% of new shares to Jardine Strategy at a price of 4.15 yuan per share, so that Jardine Strategy’s holding of Mandarin Oriental Hotel
The shareholding increased from just under 35% to 41%.
Market participants quickly believed that Yice's subscription for Wenhua's new shares would inevitably exceed the 35% trigger point for a comprehensive acquisition, so Yice made a comprehensive acquisition proposal as usual. However, because the purchase price of 4.15 yuan was lower than Wenhua's actual net asset value of HK$6 per share,
Therefore, Mandarin's existing shareholders reacted coldly.
This move was just used by Lin Zuhui, the major shareholder of New Era Group, and the Jardine strategy followed closely behind. However, Lin Zuhui still paid a premium of 10%, and the Jardine strategy was completely executed according to yesterday's closing price.
However, this move of Jardine Matheson Strategy is a trump card, disrupting the deployment of the five major Chinese-owned real estate developers (Youxinhe Real Estate). If the Chinese-owned consortium pursues them fiercely, Jardine Matheson Strategy and the land they control will immediately follow suit, and Yice will do the same.
You can secure your land without spending a huge amount of money.
The Chinese-funded consortium held an emergency meeting, and the consortium added a new member: Rong Jianzhi of Huaxin Group.
This is not an expression, and it has nothing to do with Lin Zuhui. After all, even if the Chinese consortium invites him, he may not be willing to join midway. What's more, he knows that this matter cannot be accomplished, so why bother to offend Land? He still wants to collect Land's wool!
...
Huamei Real Estate (listed in 1972).
After seeing the announcement issued by New Era Group, Liu's face suddenly changed with uncertainty, because Baohua Construction was also his target, and Huamei Real Estate already held 8% of Baohua Construction's shares.
Before he had time to announce the acquisition of Baohua Construction, New Era Group took the lead.
Suddenly, there were many questions in Da Liu's mind?
Why, I keep meeting Lin Zuhui, but I can't play with him!
Should he join the acquisition or sell the stock to him?
After participating in the acquisition, his shares are 8% behind others, and his strength is definitely not as good as that of the behemoth New Era Group.
The key is that Liu, who is also a sniper, knows deeply that Lin Zuhui is more powerful than him. At least he did not escape the stock market crash and suffered a lot of losses.
"Forget it, sell yourself a favor!"
...
Lin Zuhui met the visiting Da Liu in his office. He knew what Da Liu was doing.
I feel a little regretful in my heart. If Lin Zuhui's appearance caused the most misfortune to that business tycoon in Xiangjiang, it was undoubtedly Liu.
Huamei Real Estate and Chinese Real Estate are not the same thing, not to mention that Lin Zuhui also robbed the Grand Hotel and the Land Building, and now he has robbed his Baohua Building; therefore, Liu's strength in this life is only 50% to 60% of that in his previous life.
.
It’s not just career and wealth that have been robbed!
"Brother, please take a seat. Your Majesty is here. My place is full of glory!" Lin Zuhui held Da Liu's hand and enthusiastically led him to take a seat.
Smiling Tiger, there is nothing wrong with learning at a young age, Da Liu thought to himself.
He dared to say that if he dared to jump out and acquire Baohua Construction this time, he would be stared at and beaten by this person in the future!
Dasheng Real Estate is a lesson learned from the past. A good real estate was forced to be sold after the stock market crash. The sales took more than half a year, and it also suffered a loss of 15%.
"Brother, I find that the two of us always want to go together. I don't know why?" Da Liu also said enthusiastically after sitting down.
The two had played at a party many times and played several football games, so they were familiar with each other.
Lin Zuhui pretended not to understand and said: "Oh? I would like to hear the details!"
Liu instantly opened his heart as if complaining: "When I attacked the Bank of East Asia, you Chinese real estate developers also took the opportunity to cash out, right?"
Lin Zuhui nodded and said: "That's right! After the battle with the Feng family, I learned that the Feng family was selling Bank of East Asia shares, so I took the opportunity to buy them for long-term investment. I didn't expect that thanks to my brother, I took advantage of the opportunity. Sold high.”
Speaking of the Feng family, the situation was really miserable later on. From an old-established family, it became a second- and third-rate small family. It was not because of Lin Zuhui, but the Feng family itself fell into a serious financial crisis, and it was the same in the previous life. situation.
Da Liu smiled and said: "I knew it back then!" Then he said regretfully: "There is also a big hotel!"
Lin Zuhui pretended to be curious and asked: "Do you have an idea about Grand Hotel?"
Liu said: "I have had the idea since I was a child, but what I really regret is that Yu Jinji (a textile businessman, a big friend in business football, and a celebrity in Hong Kong football) and I are buddies, you know this; and Yu Jinji is Liang Zhonghao My friend, he also knew that Liang Zhonghao was interested in selling the hotel, and he also wanted to help me buy the hotel. As a result, you beat me to it again!"
It seems that the true feelings are revealed. These words are not good friends, and I am embarrassed to say them. The relationship between the two is considered friends, but not close friends.
Lin Zuhui said with a smile: "There is nothing to regret about this, you can't beat the Kadoorie family!"
Liu Luanxiong's face froze, and he smiled bitterly and said: "Well, the most I can do is snipe, unlike you and Kadoorie who share the hotel now!"
Lin Zuhui said proudly: "Rather than co-ownership of the hotel, it would be better to say that the Kadoorie family is working for me!"
It seems that he did not say anything wrong. After all, he is the major shareholder. The Kadoorie family is still cautiously increasing its holdings for fear of offending Lin Zuhui.
Liu Luanxiong finally said: "Okay! And this time, I have been eyeing Baohua Architecture for a long time, but I didn't expect that we would coincide with each other again!"
Lin Zuhui said with a smile: "It seems that you are here to help me acquire Baohua Construction!"
Seeing Lin Zuhui being so straightforward, Liu Luanxiong could only say: "Take it, you are the second in command in our circle!"
The big D party has already taken shape. Zheng Yutong, Lin Zuhui, Liu Luanxiong, Yang Shoucheng, Zheng Jiachun... everyone has gathered in private several times.
"Quick, 20% premium, whatever you pay!"
"Only 8%, a 20% premium is not enough, at least I have to treat you once!"
"No problem, let's play together on the weekend!"
...
After acquiring Liu Luanxiong's 8% stake in Baohua Construction, plus the individual shares registered for sale on Thursday and Friday, New Era Group already owns 32% of Baohua Construction's shares.
Lin Zuhui and others have already made plans to hold the Baohua Construction shareholders' meeting next week to elect New Era Group to take over Baohua Construction and other matters.
The market value of Baohua Construction is less than 500 million. The reason why Lin Zuhui did not directly privatize it was because he did not want to be too hasty and planned to wait for the 1989 stock market crash before privatizing it. After all, things have to be done step by step. This acquisition was originally a hostile takeover. Since the current major shareholder of Baohua Construction only holds 15% of the shares, it is logical to join the board of directors.
Friday evening.
In the conference room of New Era Group, the results of this week are being summarized.
Liang Botaohui reported: "This week, the Lin family acquired 3% of New Era Group's shares. Currently, Lin Shengyou's shares have increased to 47.5%. However, New Era Group's shares have risen to 11.3 yuan. Next week
On the deadline for the comprehensive acquisition, the increase in share price is unlikely to bring much growth!”
Lin Zuhui nodded, and then laughed at himself: "It doesn't matter, I'm very satisfied! I'd better not reduce my holdings in the future. After all the hard work, I only earned 3 points."
Everyone smiled, and Liang Zhenxun said: "In this round of stock market crash, New Era Group's credibility is almost the same as that of blue-chip stocks such as HSBC, Hang Seng, and Wharf, so many investors did not choose to sell, resulting in the maximum decline of the entire stock market crash being only 30%.
"
This is a flattery. New Era Group has a very good reputation and resisted the stock market crash. The situation at that time was that New Era Group had 2.7 billion in cash on its books, while its debt was only more than 2.3 billion (some of which had been repaid). In addition,
Thanks to Lin Zuhui's personal influence, New Era Group performed well this time, and together with Chinese Land, it was selected as the second of the 50 blue chip stocks.
Liang Botaohui reported: "Chinese Real Estate currently holds 82% of the shares of Legu Real Estate, and I believe the privatization will be completed next week!"
The premium is 35%, which is only more than 10% lower than before the stock market crash. People who sell this stock basically go to the registration office with a grateful heart.
"Just follow the procedures for the rest!" Lin Zuhui said.
If the shareholding exceeds 90%, the privatization can be declared successful and preparations are made for delisting.
Liang Botao said: "The acquisition of Baohua Construction has gone very smoothly, and it currently holds 32% of the shares. If nothing unexpected happens, I will be able to join the board of directors next week."
What is an accident? An accident means that a third party joins in!
The current major shareholders do not have the strength to resist takeovers, and they have little prestige in the eyes of Baohua Construction shareholders, so they will not be considered.
.......
.......
Saturday.
The game was organized by Lin Zuhui, and the participants were: Zheng Yutong, Zheng Jiachun, Liu Luanxiong, Yang Shoucheng, Poon Dickson, Ye Zhiming, Fang Jin. Everyone spent a day playing at Shek O Country Club.
In the evening, everyone had dinner in the club's private room. The chef here is also a famous chef, no less famous than the Jockey Club chef.
While chatting.
He Jun walked into the box with the phone and whispered to Lin Zuhui: "Boss, what's Liang Sheng's phone number?"
Lin Zuhui nodded, took the phone, and came to the sofa in the box.
"Hey...um...what do you think we should do...Okay, let's do a black market acquisition!"
After hanging up the phone, he handed it to He Jun, and then he returned to the dinner table.
Zheng Yutong saw some warmth and anger on Lin Zuhui's face, and advised him with the mentality of an elder: "Don't be angry, don't get angry, keep a good attitude, and your work efficiency will be doubled."
Lin Zuhui smiled and said, "Uncle Tong is right!"
Often playing with Zheng Yutong, Lin Zuhui found that he really always looked like a 'Maitreya Buddha'. Obviously, in terms of cultivating his character, Lin Zuhui could not do this.
Seeing everyone's eyes turned over, Lin Zuhui smiled and said generously: "Hysan Real Estate announced that it will join hands with the major shareholders of Baohua Construction to participate in the anti-takeover at a price that is two-thirds higher than ours!"
Everyone was surprised!
Lin Zuhui has always been the one to snipe others, but now some people dare to make trouble!
To be continued...