Wolf of Xiangjiang

Chapter 94 [Investment] (Updates with monthly tickets)

On April 4, Taifu Group ignited the flames of war, announced the acquisition of Jinmu Real Estate, and hired Sun Hung Kai Securities as the consultant and spokesperson of Taifu Group. At the same time, Taifu Group claimed to hold more than 15% of the shares.

Since no 'acquisition price' or 'acquisition plan' was proposed, this move is called 'to alert the snake'.

For a time, many stock hunters sensed the 'money problem', sharpened their knives, and jumped in as soon as the market opened on Monday. Don't think this step is easy. In fact, many people don't have such a sensitive sense of smell or the courage, and most people will take this step late.

the other side.

Zhang Qitai received a call from Zhang Qifu and rushed to the company without spending the weekend with his family.

Along the way, he has become frightened and regrets very much why he did not raise the funds to buy it as soon as possible.

In fact, the lowest market value of Jinmu Real Estate was at the end of last year and the beginning of this year, when it was only more than 4500 million Hong Kong dollars. If Ruisheng Company repurchases 20% of its shares at that time, the price is expected to be less than million Hong Kong dollars.

It's a pity that Zhang Qitai only focused on the investment of Ruisheng Company and extended the front line, but could not raise any funds; after all, Ruisheng invested in many high-quality properties, many of which were purchased with loans.

So in the final analysis, it's not that Ruisheng has no money, but that Ruisheng has stretched its front too far. Otherwise, it wouldn’t be such a big company that couldn’t even afford a few million dollars.

Of course, there is another point. Zhang Qitai always takes a chance.

"This Lin Zhengjie really doesn't understand the rules!" Zhang Qitai cursed in the car.

No matter how hard Lin Zhengjie packages himself, his notoriety is still not small. After all, the acquisition of Yiren Real Estate cannot be washed away.

Of course, Lin Zhengjie didn't think about "not touching him", he was just "a wolf".

After arriving at the company.

Zhang Qitai immediately heard the complaints from his second brother Zhang Qifu.

"Brother, you dug a big hole for the family this time!"

"Why are you so anxious? The sky won't fall! We all have equal shareholdings. How can Lin Zhengjie succeed in acquiring it from us?"

Seeing that his elder brother was angry, Zhang Qifu was not good at hard steel, so he said: "What should we do now? Ruisheng Company must raise funds, otherwise others will acquire the richest assets at the lowest price."

Zhang Qitai said: "I will immediately make an appointment with someone from the bank to negotiate a good bank loan today. After all, our Ruisheng Company is stronger than Taifu Group. There is nothing to be afraid of!"

At this time, I need to seek help from the bank immediately.

Of course, banks will not be stupid and will definitely take the opportunity to provide loans with high interest rates.

Generally speaking, the loan interest rates for acquisition wars are much higher than those for real estate loans. This is because one is secured and the other is unsecured.

"The stock price of Jinmu Real Estate is bound to rise a lot on Monday. Brother, you need to ask the bank for more loan commitments, at least 2000 million Hong Kong dollars."

"Need so much?"

"Not bad! The recent rise in the share price of our Jinmu Real Estate is due to the secret purchase structure of Taifu Group. Therefore, the share price of Jinmu Real Estate has now risen to 1.28 Hong Kong dollars. It is conservatively estimated on Monday that it is possible to reach 1.4 Hong Kong dollars."

This price is already the level at which Zhang Qitai can cash out.

For a moment, Zhang Qitai's intestines turned green with regret.

On Monday, Taifu Group, Ruisheng Company, and Jinmu Real Estate did not suspend the market, nor were they allowed to suspend the market.

Among them, the stocks of Taifu Group and Jinmu Real Estate surged as soon as the market opened.

The share price of Taifu Group rose sharply by 4%, with the opening price reaching HK$1.78 (after bonus shares were issued, the total share capital became 1.2 million shares);
Jinmu Real Estate’s share price soared 10%, opening at HK$1.39 per share.

As funds from all sources continued to pour in, the stock prices of the two companies continued to soar, becoming star stocks in the market.

Faced with this situation, Zhang Qitai and Zhang Qifu could only respond hastily. The first thing they thought of was to absorb it from the market. As a result, the stock price will not be on fire.

After a morning of accumulation, the stock price was directly around 1.5 Hong Kong dollars.

noon.

"Brother, if we absorb it from the market, it will be equivalent to raising the stock price in disguise. In the end, I am afraid that it will be more than 2 Hong Kong dollars per share." Zhang Qifu immediately realized that something was wrong and quickly reported the situation to his elder brother.

They need at least 40% of the chips, and if they want to buy more than 20% in a short period of time, it is possible not to mention 2 Hong Kong dollars, but even 2.5 Hong Kong dollars.

Zhang Qitai said with a frown: "Then what should we do? We can't just watch - Taifu Group acquires Jinmu Real Estate, right? You know, Jinmu Real Estate's asset value is at least 1.2 million Hong Kong dollars, isn't it making others cheaper?"

At this time, Zhang Qitai had no idea. After all, his opponent was fierce and notorious.

After all, Zhang Qifu returned from studying abroad and has a good understanding of the stock market. He said: "We need to acquire from the market, but we cannot absorb it violently, otherwise the stock price will rise too much and the cost will be too high for us. Then, haven't you discovered - Taifu Group There is no bid, so we can't rush. They bid, and we counter-takeover. This is the acquisition process. If their bid is not ideal, it means they lack confidence, and then the shareholders will not buy it, and then they will not have anything to worry about. We There’s not even a need for an anti-takeover. It’s a farce!”

It was also the fault of Lin Zhengjie's sudden war that caused the Zhang family to fight hastily. Now they finally regained some sense.

After Zhang Qitai thought for a while, he finally calmed down and said, "What you said makes some sense. I asked the securities broker to slow down the absorption and see what the opponent's next move will be."

He didn't dare to stop because Taifu Group claimed to have more than 20% of the shares. Doesn't that mean they might be the major shareholder?
In this way, Ruisheng Company may be at a disadvantage if it does not absorb it.

What's more, the price of HK$1.5 is still far lower than the net asset value, which is acceptable.

Taifu Group's acquisition of Jinmu Real Estate just made two meows, which caused huge repercussions in the market.

The stock price of Jinmu Real Estate has not stopped at all and has been soaring.

At the same time, it has also attracted much attention from the Hong Kong business community.

After all, the Hong Kong stock market only developed in the early 1970s when the "four societies coexisted".

The real takeover war in Hong Kong was the "Land's acquisition of the Milk Company" that took place in 1972. That battle allowed Hong Kong people to see the "charm of takeovers" for the first time, and it can be said to be recorded in the history of the Hong Kong stock market. Its brilliance will be top-notch in later generations.

after that.

The stock market crash and oil crisis broke out in Hong Kong, so naturally no real acquisitions took place.

Until 1975, acquisitions and mergers began continuously, but it was also started by British-owned foreign companies.

For example: In 1975, Swire & Co. Ltd. issued 280 million new shares in exchange for 1050 million shares in Taikoo Chang Development, a subsidiary of Dachang Properties, and then transferred the equity to Swire Properties; Taikoo Properties Development issued another 1210 million shares to Swire Properties. , in exchange for a 50% stake in the first phase of Taikoo Shipyard’s development plan (i.e. Taikoo Shing Phase ). Through this game of allotment, exchange, and issuance of new shares, the equity of small shareholders is diluted, while the strength of the company rapidly develops and grows.

After that. Swire, Jardine Matheson, and Hutchison have all failed, and through various stock market actions, they have expanded their power or rectified their shareholding structures.

Seeing this, Chinese-funded enterprises were naturally unwilling to be outdone. In 1975, Feng Jingxi also expanded Sun Hung Kai Securities through share swaps and other methods, and quickly went public through introductions, and then quickly expanded the company through share swaps; Li Jiacheng also issued new shares in exchange for With high-quality assets in the market, the company has grown rapidly.

now.

Taifu Group's acquisition of Jinmu Real Estate was a "hostile acquisition". In addition, it was almost the first hostile acquisition of Chinese capital by Chinese capital in the previous stock market.

(PS: The first hostile takeover by Chinese capital in the previous life was probably Luo Xurui and Wei Li's hostile takeover of China Bus controlled by the Yan family and the Huang family in 1981, but it was unsuccessful)

Very popular!
In fact, many people have joined in speculating in Jinmu Real Estate's stocks. After all, they don't care about anything else.

Oriental Press.

Brothers Ma Chengkun and Ma Chengfa also paid attention to the news of "Taifu Group's acquisition of Jinmu Real Estate" and were immediately surprised - Lin Zhengjie is really capable of doing things.

"Boss, I see that this kid is not afraid of death. He takes away people's property for no reason. If it were me, it would be weird if I didn't find someone to kill him!" Ma Cheng said angrily.

Ma Chengkun scolded: "Cut it with a hammer. You have no family, no assets, and are so poor that you still kill people! After all, someone else is the chairman of a listed company, and he has bodyguards around him. If you make a big fuss, you think you will be fine!"

Ma Chengfa immediately fell silent. He also spoke angrily, knowing that Lin Zhengjie was not someone to be trifled with. What's more important is that Lin Zhengjie is the kind of person who doesn't take revenge overnight. "Macho Man" has only been released for a week, and his opponents have already suppressed him in various ways.

Of course, Ma Chengkun was not happy with Lin Zhengjie. After all, he was severely suppressed by the Hong Kong media industry during this period, which almost affected the sales of "Oriental Daily". Therefore, he directly pointed his finger at Lin Zhengjie.

"Go find someone knowledgeable and tell us about this acquisition. I'm very concerned about it!"

Ma Chengfa asked: "Boss, what does this acquisition case have to do with us? You are so concerned about it!"

Ma Chengkun said: "You go find someone first and then talk!"

Ma Chengfa could only say: "Oh"

After seeing his brother leave, Ma Chengkun read the news in the newspaper carefully, as if he was capturing some useful information. After all, Ma Chengkun is the new generation leader of the Ma family. He naturally has a very active mind. He doesn't like doing things in a gangster way, and prefers business matters.

After all, after finally being cleared, who would want to do shady business again.

After the market closed on Tuesday afternoon, Jinmu Real Estate's share price has risen to HK$1.65 per share, and its market value has reached more than HK$8200 million. This price is already more than 30% higher than last week's closing price.

It can be seen how fiercely Jinmu Real Estate has been speculated. After all, it is a small-cap stock.

Of course, even at this price, there is still a big gap between the asset value of Jinmu Real Estate. Otherwise, Ruisheng Company can take the opportunity to clear its positions.

In the evening, brothers Ma Chengkun and Ma Chengfa came to the office of the chairman of Ruisheng Company. Brothers Zhang Qitai and Zhang Qifu met them.

Originally, Zhang Qitai didn't want to see the "White Pink Ma Family" and thought that he would never be able to get on the stage.

For example, in the Zhang family, the first generation of entrepreneurs, Zhang Qitai's father, is a director of the Chamber of Commerce, Prime Minister of the Tung Wah Group of Hospitals and other social connections, and he does not look down upon a family that sells white powder. For the same reason, families involved in gangs like this don't dare to mess with them.

But this time, Zhang Qitai was interested in meeting the Ma brothers because they said they had what he needed most.

After meeting, everyone exchanged brief greetings and then got down to business.

"Ma Sheng, you said you have something we need in your hands, which must be the equity of Jinmu Real Estate. We are willing to buy it all at the market price, no matter how much you have!" Zhang Qitai said.

Ma Chengkun quickly smiled and said: "Zhang Sheng, why do we have Jinmu Real Estate's shares? After all, we will not take hostile takeovers."

Zhang Qitai frowned and said, "Then you said today that you have something we need?"

What he needs is the shares of Jinmu Real Estate. Now they have suspended acquisitions, because as long as their funds enter the market, the stock price will skyrocket, and the more they speculate, the higher it will go.

Very heartbreaking!
Ma Chengkun and Zhang Qitai's attitude was like this, and he immediately felt in his heart - none of these businessmen took them seriously, they were really nothing.

Of course, he kept his composure and said: "I know that Zhang Sheng may have been taken advantage of by Lin Zhengjie because he was short of money. It just so happens that I have some idle funds here that can help Zhang Sheng keep Jinmu Real Estate."

Zhang Qitai and Zhang Qifu are not fools. Will the Ma Brothers come to help for no reason?

Obviously not, he must be trying to launder money.

"Sheng Ma, I'm afraid your money is too hot to touch. I don't think there's any need to take it."

Ma Chengkun said with a smile: "Although my money is hot, Zhang Sheng is willing to be taken advantage of. Moreover, we are willing to give commissions to Zhang Sheng. Think about it, you can earn commissions and keep the company at the same time. This has Why can’t it be done?”

Zhang Qitai suddenly became excited. First of all, this Ma family is already on the way to 'cleanse'. The fact that the Hong Kong government has not touched the second generation of Ma family is the best proof.

"How much capital do you have?"

Zhang Qifu was about to persuade his elder brother, but was retracted by a look.

Ma Chengkun said: "1500 million Hong Kong dollars"

The Ma family has a lot of black money, but they don't dare to launder it all at once. If the Hong Kong government orders it, they will suffer huge losses.

Zhang Qitai said: "Okay, I will charge you 500 million Hong Kong dollars in commission first, and the remaining 1000 million is yours. As for how to clean up, my idea is that we will set up a joint venture company tomorrow, and then use the money to go to the market Acquire the shares of Jinmu Real Estate."

The Ma brothers were suffocated by Zhang Qitai's "black heart"!

"Zhang Sheng, we are helping you!"

"I don't necessarily need your help. In fact, the bank has promised to support me in guarding Jinmu Real Estate."

The Ma brothers suddenly stared at each other, and finally had to compromise.

"I hope Zhang Sheng will do everything cleanly after receiving the money!"

"I have already told you the solution! If you buy the shares of Jinmu Real Estate with 1000 million yuan, I can tell you clearly that the net assets of Jinmu Real Estate have reached more than 1.2 million yuan, and the current market value is only more than 8000 million yuan. If you buy our stocks, No loss at all, of course, the stock price will definitely rise.”

Ma Chengkun thought about it, money laundering was inherently costly, and if he made a movie for Shaw Brothers, the commission would be even more severe.

Being able to buy stocks now is a very cost-effective deal.

"make a deal!"

(End of this chapter)