Video Game Empire

"Why would you invite Liu Ruanxiong to have dinner with you? I think you are paying special attention to him!" Li Ke and his younger brother returned to Li's house in Dǐng, Taiping Mountain in the same car. ≥≥ǎn≥ small ≥ say,

Li Xuan couldn't say that this Liu Sheng was a role model envied by countless people in future generations, and he wanted to meet the real person because of curiosity. So he had to say: "This Liu Sheng has extraordinary skills. He just bit a piece of fat from the Zhuang Shi Group, and yesterday he was eyeing the abnormality of the stock price of Landmark!"

"Oh? That is indeed a talent!" Li Ke raised his brows in surprise.

He had observed on the spot before that the traders of Zhuang Yuhai's team directed dozens of account transactions. About 4.5% of the 24.5% of the Landmark shares held by Heung Kong Holdings were bought by the fund when the Hong Kong stock market was at a low point in the previous two years.

About 5% of the remaining 20% ​​of the shares were acquired by agreement from several institutional shareholders, and the remaining 15% of the shares were tradable shares absorbed from the secondary market. And it is not easy to absorb so many scattered shares in secret.

The specific operation process is actually very complicated, and it is not enough to just buy in a scattered way, which will only quickly raise the stock price. Traders usually sell large sums of money when the stock price is rising rapidly, thereby deterring retail investors who want to fish in troubled waters. And when these retail investors left the market one after another, they calmly took the opportunity to take over all the stocks they sold at low prices.

Therefore, in the eyes of ordinary people, the stock of Hongkong Land has been caught in the whirlpool of public opinion recently. Although the fluctuations are relatively violent, it is difficult to detect that someone is secretly sucking stocks!

Although Li Ke was a little surprised by Liu Ruanxiong's sharp sense of smell. But didn't take it too seriously. In fact, Liu Ruanxiong has been very low-key throughout the evening meal. Barely interjected.

"Axuan, Yihe has already accepted the move. What are your plans next? I think you seem confident!" Li Ke asked in a different topic.

"It's not the first time that Jardine has used this method of stock and bond exchange. When Niu Bijian was still in power, he used this trick to compete with Laibao Yugang for the controlling stake in Wharf!

It's a pity that the situation Keswick is facing now is far worse than it was six years ago. At that time, the real estate industry in Hong Kong was booming, and the stock price and reputation of Landmark were very strong, so the market once recognized that New Bijian used the method of Landmark stock and bond to exchange for the stock of Wharf! It's a pity that Bao Yugang then fought back with a higher cash purchase price!

But now, after our series of crackdowns on Jardine, the market's confidence in it has dropped to a low level! The market value of Jardine was originally much smaller than that of Landmark. Keswick now wants to use the method of issuing unsecured bonds to complete a feat of snake swallowing an elephant. Do you think it is possible? "Li Xuan said with some disdain.

All the possible coping strategies of Jardine have been anticipated by Zhuang Yuhai in advance. Without the support of HSBC, it is difficult for them to raise a large amount of cash for a while, so they can only find other ways out.

Two Jardine shares priced at 11 yuan per share, plus a short-term unsecured bond with a face value of 80 yuan, a total of 102 yuan to exchange for 10 shares of Landmark. The premise that this kind of redemption method can obtain market support is that Jardine's share price can at least be maintained. Because only Jardine has enough market capitalization. To ensure that the bonds it issues do not turn into a pile of waste paper.

It is a pity that at 9:30 the next morning, as soon as the Hong Kong stock market opened, there were 3 sell orders for 5 million shares of Jardine, and the selling price was uniformly 10.5 yuan. Jardine Holdings closed at 12.2 yuan the previous day. It announced yesterday evening that it would issue new shares at $11 per share below the market price. For existing shareholders, the shares in their hands have been ex-righted.

Therefore, in the call auction stage before the opening of the market today, Jardine's share price has already begun to fall. And these 2 flips. It even nailed the opening price of Jardine at 10.5 yuan in one breath.

You must know that even if the four existing stock exchanges in Hong Kong are added together. The daily stock trading volume is only three to four billion Hong Kong dollars. And the total value of these two selling orders has exceeded 100 million Hong Kong dollars.

Although a large number of people took the opportunity to buy large sums of Jardine's stock. However, adding all the buying and opponent orders together, only about 4 million selling orders were consumed in total, and there are still 11 million shares that have not been traded. So about an hour after the market opened, the remaining unfilled sell orders were cancelled and replaced by two new sell orders for 5 million shares at a selling price of 10.2 yuan.

Buying orders from opponents began to appear again, and after about 3 million shares were consumed, the buying order of 10.2 yuan completely disappeared again. As a result, a sell order for 5 million shares with a selling price of 10 yuan was put up again, and the buying order finally started a relatively fierce resistance.

A large number of investors who wanted to buy the bottom began to buy Jardine's shares, and the 5 million shares sold were quickly eaten up. However, the shorts are still unhurriedly placing a buy order for 5 million shares at the price of 10 yuan.

Jardine's stock has undoubtedly become the biggest concern in the entire Hong Kong stock market in the morning. By the end of the afternoon market, the turnover of Jardine's stock in the Soviet Union had reached an astonishing 18 million shares, with a total turnover of more than 180 million yuan. However, Jardine's share price was severely suppressed to 9.8 yuan, which has plummeted by nearly 20% compared to yesterday's closing price.

The main force in shorting Jardine's stock is naturally the trading team under Zhuang Yuhai. While quietly absorbing Landmark shares before, Zhuang Yuhai also ordered the purchase of nearly 30 million Jardine shares.

Compared with the original purchase price, Zhuang Yuhai lost nearly 20 million yuan during the whole morning's sell-off. But he succeeded in making Jardine's plan to issue new shares in exchange for land stock into bankruptcy. A fool would use the price of 11 yuan to subscribe for Jardine shares with a market value of only 9.8 yuan.

If Jardine's latest share price is calculated at 9.8 yuan, the book purchase price of Jardine's company's land stock has dropped from 10.2 yuan when the redemption plan was announced yesterday evening to 9.96 yuan at the noon closing, and it may continue to fall in the afternoon!

On the other side of Heung Kong Holdings, Zhuang Yuhai announced at a press conference yesterday. Raised the purchase price of Landmark shares from the original 9 yuan per share to 9.5 yuan.

The book purchase price given by Jardine is still higher. But its plan is not to pay in cash. In the redemption plan given by Jardine, the majority of the bonds will take half a year to be redeemed. No one can say whether there will be a risk of default at that time, and the other part of Jardine's stock price, which is used for redemption, has been in a slump.

In this contrast, all the investment institutions and investors holding Landmark shares have one-sidedly chose Heung Kong Holdings, which has a slightly lower price, but it can be safe.

Because the two companies responsible for the acquisition of Hongkong Land stock transactions, Asia Securities and Torrey Securities, are located in the Hutchison Building in Central. As a result, from the morning, stockholders eager to sell stocks formed a long queue in Hutchison Building. The longer and longer line eventually even stretched from inside the building to Harcourt Road outside. Even the Central Police Station. A number of police officers were also dispatched to maintain order.

After Heung Kong Holdings officially issued a general tender offer for Landmark yesterday, less than 5% of Landmark's shares were absorbed in one day. Most shareholders chose to wait and see how Jardine will counterattack before making a decision.

However, the counterattack plan given by Jardine greatly disappointed the shareholders. Therefore, everyone no longer hesitated and began to accept the cash acquisition plan of Heungkong Holdings. By the evening, the shares of Landmark held by Heung Kong Holdings had increased to 820 million shares, accounting for 41% of the total share capital of 2 billion shares.

Even if Jardine can successfully obtain 200 million additional shares from Landmark, it still lags far behind Heung Kong Holdings in terms of the total number of shares held. And at the current rate. It only takes one more day for Heung Kong Holdings to successfully increase its shareholding to more than 50%.

"Mr. Keswick, there is an old saying in China that those who know the times are the best! After losing Landmark, you can control the Jardine shares. There is only less than 15% of the shares held by your own family. If you are now If we choose to fight against us to the end, we will indeed pay a greater price!

But the price we paid will be recovered from Jardine Holdings! I believe if we take over after Landmark. The 25% stake in Jardine owned by Landmark is resold, and it will definitely sell for a good price! Whether in Hong Kong or Southeast Asia. There are certainly many companies willing to take over! "Zhuang Yuhai looked at the man whose face was twisted because of anger. He continued to threaten without showing weakness.

The timing of Heung Kong Holdings' shot was very cleverly chosen. Although Keswick has completed the initial unlocking of Yizhi mutual control, the subsequent steps have not been completed. According to Keswick's plan, he is going to set up a new company called Jardine Strategy.

Then, Keswick will transfer the Jardine Holdings shares held by Landmark, as well as the Landmark shares held by Jardine Holdings, into the new company. Finally, let Jardine Strategy and Jardine Holding implement a cross-share swap, thereby liberating Hongkong Land.

It's a pity that Keswick's overall plan has just taken the first step and was fatally blocked. The most important company in the Jardine Department is about to be taken over by others.

"Mr. Keswick, HSBC has noticed that the share price of Jardine Holdings has fallen by 25% today. I have to give you a good word of advice. If Jardine Holdings cannot quickly stop its own share price from continuing to decline, Then it is likely to affect the financial market and the credit rating of Jardine Holding Company!" The third party in the meeting room, HSBC Bank's Taipan Shen Bi, also suddenly spoke to Keswick.

Zhuang Yuhai entrusted Shen Bi to come forward this time, so he invited Keswick together to continue the negotiation. HSBC has a large amount of credit funds in the Landmark Company. Under the circumstance that Heungkong Holdings' merger and acquisition of land is almost a foregone conclusion, HSBC does not want Heungkong Holdings to pay too high a price.

Because the higher the cost for Heung Kong Holdings to acquire Landmark, it means that after Landmark is acquired, it will have to bear more debt pressure. This will push up the default risk of those credit funds that HSBC has already invested in Landmark!

The banking industry has always been sending umbrellas on sunny days and collecting umbrellas on rainy days! If Jardine Holdings were really downgraded, the consequences would be catastrophic! The Keswick family can lose their land, but they must never lose the Jardine.

"I can transfer the Landmark shares in the hands of Jardine to you at the price of 9.5 yuan per share given by you! But you must guarantee that the Jardine Holdings shares in the hands of Landmark will be transferred to Jardine Securities at today's closing price. The company, and my family!" Keswick was silent for a while, and finally made a difficult decision.

There is actually a listed company under the Jardine Department called Jardine Securities, but its market value is smaller than the other two companies in the Jardine Department. After losing the 25% stake held by Landmark, the Keswick family's grip on Jardine Holdings was already shaky, so they had to buy back the Jardine shares in Landmark.

"Mr. Keswick, I think you have made a mistake! Heung Kong Holdings will only acquire the shares held by Jardine at the stock price at the time of the suspension of Landmark! And if the additional issuance agreement between Jardine and Landmark continues to be fulfilled, then We will only repurchase some of the shares at the original price at the time of the additional issuance!" Zhuang Yuhai smiled, now that Heungkong Holdings has an overwhelming advantage, if Jardine still knocks him, his head will really be caught in the door.

"No, the price of 7.2 yuan is too low, and it doesn't reflect the real value of Landmark. We can't explain it to the shareholders of Jardine!" Keswick shook his head and denied it.

"Hehe, I don't know if Mr. Keswick has compiled a figure. In the past three months, the average share price of Landmark was only 7.05 yuan! This is the market's true view of the value of Landmark. The purchase price of 7.2 yuan is already an appropriate premium for the value of Landmark!" Zhuang Yuhai threw out a number with a smile.

The original share price of Hongkong Land has been fluctuating around 8 yuan, but since it was targeted by public opinion last year, it was quickly suppressed to about 6.5 yuan. Later, after Heungkong Holdings secretly began to absorb shares, the stock price of Landmark began to gradually recover.

The recent stock price fluctuations of Landmark ~www.readwn.com~ can be said to be the result of malicious manipulation by the other party. And Zhuang Yuhai dared to say shamelessly that the price of 7.2 yuan has been overestimated. Keswick really wanted to smash his fist into this villain's face, but now the situation is stronger than others, he has to choose to bow his head!

The two sides stayed up all night, and finally completed the compromise at six the next morning! Heung Kong Holdings acquired a 25% stake in Landmark Group held by Jardine Holdings in cash for HK$3.6 billion. After the news was announced, there were more people lining up to sell stocks in front of Hutchison Building. Everyone was afraid that Heung Kong Holdings would no longer continue to acquire Landmark stocks.

After the acquisition of the shares in Jardine, Heung Kong Holdings did not stop, but prepared to completely acquire the Land Company and finally realize privatization! HSBC also issued an announcement to provide a credit line of 3.5 billion Hong Kong dollars for the next acquisition of Heungkong Holdings.

The total cost of Heung Kong Holdings' privatization of the Landmark Group is approximately HK$16.5 billion. Before Heungkong Holdings launched the attack, the market value of the Landmark Group was originally around 16 billion Hong Kong dollars. That is to say, Zhuang Yuhai almost swallowed Landmark at the original price, and staged a perfect textbook-like acquisition battle! (To be continued..)

ps: I finally finished writing the acquisition scene. I originally wanted to write a **, but I didn't write it out, and I didn't have enough pen power, alas!