Arms Tycoon: Started by cheating on tens of billions of dollars in orders

In short, if anyone doesn’t clear up the relationship quickly now.

That would definitely be bad luck.

Jack Maduo is shrewd, although he once regarded Yanagi Funashi as his entrepreneurial godfather.

However, looking at this godfather, he was about to sink.

Naturally, he didn’t want to sink with him.

Apart from expressing that he was not familiar with Liu,

Jackma stopped saying anything about Liu and fell completely silent.

Various meetings related to Liu and outstanding alumni of Xi’an Electronic University have all been deleted.

Even Didi held an emergency meeting that day and fired Liu’s daughter.

There was a new CEO.

It is obvious that Didi is going to rescue itself.

Although Didi has launched international business, its basic base is still in Longguo.

Didi is nothing without Dragon Kingdom.

But even so, Didi’s plan to go public after annexing Kuaidi will be greatly affected.

As for Lianxiang, the stock price plummeted due to the impact of the arrest of the company leader.

In fact, the share price of Lianxiang Group has been falling since May this year. At its peak, the market value evaporated by HK$5 billion in one day, and the share price was close to the lowest level in four and a half years.

This is mainly because financial institutions remain pessimistic about Lianxiang’s mobile phone business and have lowered their stock ratings.

Among them, Huifeng Bank and Morgan Stanley both downgraded their stocks.

All three institutions are bearish.

JPMorgan Chase, Huifeng, and Morgan Stanley all lowered Lenovo’s target price by more than 10%.

JPMorgan Chase maintained its overweight rating but lowered its target price from 10 yuan to 9 yuan.

Huifeng also lowered its target share price from HK$8.6 to HK$5.9.

Huifeng Bank predicts that

Lianxiang’s smartphone shipments will fall by double digits in the next few quarters, which will affect the company’s profit margins.

For fiscal years 2016 and 2017, Huifeng Bank also predicts that Lenovo’s profits will decline by 18% to 20%.

Morgan Stanley downgraded its rating from”neutral” to”underweight” and lowered the target price from 7.2 yuan to 4.

Morgan Stanley reported that Lianxiang lowered its pre-tax profit forecast for the fourth quarter of fiscal 2016 from US$289 million to US$198 million due to insufficient smartphone shipments, which was far lower than market expectations. of US$220 million.

Reports from multiple organizations show that in the smartphone market, Lianxiang Group is experiencing a crushing defeat.

In its home market of Longguo, Lianxiang smartphones are already in a marginalized position.

In addition, this time, many senior executives including Liu were arrested. Lianxiang’s stock price plummeted 18.5% on the day of the Hong Kong stock market and the closing price was HK$3.23 per share. Looking at the stock price of Lianxiang on May 11, 2015, it closed at the peak of 13.86 Hong Kong dollars.

In one year, the stock price plummeted 76% from the peak market value of HK$150 billion to the current market value of HK$36 billion.

However, Lin Yi was not idle in the face of the plummeting Lianxiang stock price.

In the Hong Kong stock market, Lianxiang stocks were frantically scanned.

Although, he himself is extremely disgusted with the financial industry.

However, he also knew that even though Lianxiang’s stock price had plummeted, it was still very valuable in itself. Not to mention the more than 20,000 employees, even the future value of Lianxiang’s land in Imperial City was worth a lot of money.

Not to mention, although Lianxiang is known as a computer assembly factory, it still has a lot of patented technology pools.

The market value of HK$36 billion is definitely an underestimation of the current Lianxiang.

Lin Yi then contacted Morgan Stanley, Huifeng, and JP Morgan Chase entrusted them to acquire the stocks of the plummeting Lianxiang Group in the secondary market of Hong Kong stocks and institutions.

As of mid-December, Lin Yi only held 30.63% of the shares.

According to the rules of the Hong Kong Stock Exchange, (to read Baoshuang novels, go to Feilu Novel Network!) when a shareholder holds 30% or more of the shares, or in some cases obtains more than 30% of the voting rights , you need to declare to the exchange and the company.

At this time, shareholders need to submit a formal offer to the exchange and the target company in accordance with the procedures prescribed by the exchange.

Before making an offer, it is also necessary to apply for an exemption from the exchange to comply with relevant regulations such as minimum purchase price and reporting disclosure.

Lin Yi then launched a comprehensive acquisition of Lianxiang Group at a price of HK$6 per share in cash, which was 30% higher than the closing price of HK$4.63 that day.

Note, this is Lenovo Group.

Lenovo Group is a subsidiary of Lianxiang Holdings.

Lianxiang Holdings holds 23.81% of the shares of Lianxiang Group, and the largest stock market of Lianxiang Holdings is the Chinese Academy of Sciences, which holds about 30% of the shares.

Lianxiang Group, which is listed on the Hong Kong stock market, has very dispersed shares.

Part of it, about 16% of the shares, is in the hands of institutions, and the rest is held by the public.

At this time, Lin Yi’s shares in Lianxiang Group exceeded the shares held by Lianxiang Holdings.

Theoretically, Lin Yi has become the largest individual shareholder of Lianxiang Group.

Lianxiang was also shocked when it received Lin Yi’s proposal and made a hostile takeover.

After all, under the current situation, the entire company is leaderless.

Including Yanagi Funji and others are controlled by the national security[]

No one knew whether these company executives would be able to come out, so under the auspices of a vice president, they even thought of convening a board meeting.

Including representatives from the Chinese Academy of Sciences, shareholders such as Capital United Zhiyuan, Oceanwide, Xiamen International Bank, Capital United Heng Yongxin and other shareholders were present.

These companies are noisy at Lianxiang headquarters.

They all blamed Liu and others for being stupid. After all, as shareholders of Lianxiang Holdings, now that the market value of Lianxiang Group has plummeted and they are facing the possibility of being acquired, how can they not be anxious!

If Lianxiang Holdings loses Lianxiang Group, it will cause great losses to Lianxiang Holdings.

Of course, at this time, Lianxiang Company was no longer a technology company at the beginning.

Although IT computers and mobile phones are still the core of the company, Lianxiang Holdings is also engaged in diversified development.

In financial services, agency services, agriculture and food, chemicals and raw materials, there are also angel investments, venture capital (Wang Qianzhao) and other companies.

Now Lianxiang Holdings has three major business groups, namely Lianxiang Group, an IDG smart device business group focusing on mobile phones, PCs, etc., and

ISG Infrastructure Solutions Business Group, which focuses on data centers.

SSG solution service business group focusing on IT services.

Among them, IDG business is the core of revenue, which is the part that sells PCs, mobile phones, and supercomputers.

Currently, in the global ranking, Lianxiang’s PC is the best in the world, so no matter what, Lianxiang Holdings does not want to lose Lianxiang Group.

However, the current situation is very unfavorable to Lianxiang Holdings.

Because they never thought that a comprehensive acquisition would break out at this juncture.

What’s even more incredible is that Lin Yi acquired more than 30% of the shares of Lianxiang Group in a short period of time

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