"Ahua, what are you looking at? You are so entranced."
While Zhang Zhonghua was reading the newspaper, Lou Xiao'e ran over for no reason. She saw Zhang Zhonghua holding the newspaper in a daze and was very puzzled. How could he be distracted while reading the newspaper? Could it be that something big happened in the stock market?
"It's not a matter between the Milk Company and Jardine Matheson. Although Lao Zhou has fallen out of favor in the political arena, his reputation in Hong Kong Island is still very high. It is not that easy for Jardine Matheson to annex the Milk Company. This matter is not easy.
I know what the fuss is about.
After all, the milk company is also a large enterprise with thousands of employees. Lao Zhou is a highly respected person in charge of the company, and the Zhou family's foundation in Hong Kong Island is still very strong."
Zhang Zhonghua said.
"You are just having fun in Japan and don't understand the situation. I have been paying attention to the information sent by the Asian Associated Press in Japan these past few days.
Although that is said, the strength of the Milk Company is still far weaker than that of Jardine Matheson. The Milk Company is destined to be swallowed up by Land Company. Now the Hong Kong stock market has gone completely crazy. As long as it can help shareholders make money, who cares about you?
Is the reputation high?
What everyone is concerned about now is shark fins for rice, Hong Kong dollars for lighting cigarettes, and brandy gargling. The battle between the milk company and Jardine Matheson has given Hong Kong stockholders an opportunity to make money. Now everyone is so excited that they are all making big money.
, I wish the two of them would have more trouble.
In fact, after you arrived in Japan, the Jardine Matheson acquisition war for the milk company started. Unfortunately, you went to Japan too early and missed a bad show. Now the acquisition war is less
It's slow down to the mid-to-early stage, and it's time to give up after using it for a while.
The takeover war ended on October 25. On that day, the Hong Kong stock market opened abnormally. The milk company's stock jumped up by 14 Hong Kong dollars in a strange way, and finally closed at 137 Hong Kong dollars.
Land Corporation took a shot, and then cut it again. Land Corporation asked the Dairy Farm Company, how could the Dairy Farm Company increase its dividend by 67% this year? In July, the Dairy Farm dividend increase was over 21%. Where did the Dairy Farm Company start from in the first half of the year?
I got so little cash from outside.
These large investment institutions and mass investors saw the crazy stock market and rushed out, making preparations and preparing to be the first to take over.
"Come on, come on, drink some water, talk quickly, he will tell you what's going on."
Of course, small investment institutions and these stupid people know the pitfalls of the land-for-share swap plan, but since it is unprofitable, they have all joined the ranks.
That is, those two days are weekends. During the stock market closing period, the two companies were quarreling with each other in various newspapers. When the stock market opens tomorrow, there will probably be no new fun."
At present, the takeover war has not yet reached the white-cooling stage. In addition to using preferential conditions for stock exchanges, stock splits and dividends to attract investors, the acquiring parties have never used cash for acquisitions or counter-takeovers.
Because of the end of the takeover war, the stock prices of Dairy Farm and Land Company also ended their decline, even exceeding the stock price of Chang Chung Hwa Island Newspaper. At the same time, Chang Chung Hwa Island Newspaper was also sold by some investment institutions. Those investment institutions added up to a total of
Received more than 100 million yuan of stock.
Land Company proposed a "seven-for-one" acquisition plan, which is to exchange every two Land shares worth HK$94 at the market close on October 27 for one milk stock worth HK$135 in the hands of shareholders of the Dairy Company. We do not want to retreat with nothing.
Wolf, the entire acquisition plan is to use only one penny of cash.
A small takeover war has now turned into a shrew, with both sides quarreling and giving each other away. This has also opened the eyes of the melon-eating people in Hong Kong Island.
We guarantee that the dividend payment in 1972 will be more than 1.2 yuan, an increase of 26%;
In 1973, the dividend was 1.5 yuan, an increase of 25%;
The price-to-earnings ratio of Dairy Farm is as low as 73.4 times, and that of Real Estate is as low as 98.5 times. It completely kills your Zhang Zhonghua Island Newspaper Company in an instant. A single share is one-eighth of that of Dairy Farm. It can be seen that it is crazy.
Now Milk shareholders have 10 new shares per share, an actual increase of 9 times. At the same time, it was announced that profits for 1972 will increase by 35% compared with last year, and the annual dividend per share is expected to increase by 67%.
The share price of Dairy Farm soared again, reaching a sky-high price of 290 yuan per share. Land also fell behind, with its share price soaring to a record low of 127 Hong Kong dollars.
On November 7, the stock market was stimulated by the acquisition news. Dairy Farm's share price finally closed at HK$228, and Land's share price also rose by HK$104.
"The development of Jardine Matheson has now reached a bottleneck. If you want to break through the current bottleneck, for example, do something. Lao Zhou's milk company is undoubtedly not the worst target. He wants to acquire the milk company. Landlord has to pay some price.
It’s okay.”
Of course, Land Corporation also fell behind, and its stock price also rose to a new record of HK$127 that day. The lowest it once fell to HK$154, breaking the historical record.
The dividend per share of Dairy Milk calculated in 1972 was HK$3, while the dividend for Land's two shares was only HK$2.4. That acquisition was fair to the shareholders of Dairy Farm.
When Lao Zhou of the Dairy Company agreed to the acquisition of the company, Land's Henry Keswick naturally let the slow-moving duck fly away, so Land launched a series of fierce attacks on the Dairy Company.
Faced with the milk company's strategy of splitting 10 against 10, Land naturally came up with its own response.
Of course, privately, Land Corporation has committed many illegal operations, such as lowering the stock price through various means. We cannot say that the empty-handed white wolf acquisition plan has achieved its goal or give up, and we must put on a determined attitude.
confidence.
In 19723, Dairy Milk's earnings per share were HK$3.65, and Land's two shares made a total profit of HK$2.58. Before the acquisition of Dairy Milk Company, shareholders of Dairy Milk Company suffered a loss of HK$0.81 per share.
On November 3, Dairy Farm announced that it had hired London Charbinder Company as a financial consultant. The next day, Dairy Milk and Jade Star published full-page advertisements calling on shareholders to make careful decisions and wait for the Dairy Farm's board of directors to take a step back.
As soon as the stock market opened that day, the milk company's share price directly reached a low price of HK$188, closed at a low price of HK$196 that day, and broke through the HK$200 mark the next day;
Jade Emperor Securities purchased some stocks from the stock market and successfully maintained the company's stock price, and the stock markets in New York, London, and Hong Kong Island also returned to normal."
On November 11, which was not yesterday, Land Corporation placed an advertisement in small newspapers across Hong Kong, reminding Dairy Milk shareholders to beware of being scammed.
During that period, Yihe once again resorted to ruthless means. At one time, there were seven rumors in Hong Kong Island, and the media news also stopped all kinds of propaganda, and all kinds of explosive news spread throughout the streets.
Before Lou Xiao'e finished drinking the water, MacLehose thoughtfully handed over a piece of watermelon.
"Come, sister Xiao'e, let's eat another piece of watermelon to quench our thirst."
In 1974, the dividend was 2.02 yuan, an increase of 35%.
Zha Bin'e took a few delicious bites of watermelon and then continued to tell the story.
MacLehose asked curiously.
The whole family is frantically speculating on Land's shares, and at the same time the Dairy Farm is experiencing a sharp decline. If I, Lao Zhou, sit still, I will live there, otherwise the Dairy Farm will really change owners very slowly.
"Indeed, Land Corporation was extremely active in the stock market during that period, and we even made guarantees to all shareholders.
The reason why the Dairy Company categorically agreed to the Land acquisition proposal was because although Lao Zhou was not well prepared, I was still confident that Land would succeed in acquiring the Dairy Company, and Wheelock Jr. Wang Madden and Hutchison Whampoa Kidd
As a shareholder of Dairy Milk, I keep my word.
On November 8, Mr. Zhou from the dairy company attended a press conference, and Cha Bindai Company also unequivocally agreed with Land's acquisition plan, and at the same time called on shareholders to consider it freely.
"e=(′o｀*))) Alas, it would be shameful for two such small companies to end now. Is there any action or any instructions from the Governor of Hong Kong, Mr. Law Fuqi?"
Now, even his CFC restaurant’s business is declining rapidly, and Homemart convenience stores have stopped lunchboxes and stews, but the sales of foreign wine and cigars in Carrefour supermarkets have increased slightly.”
It is a common thing for everyone to see a sudden bull market in Hong Kong stocks. Investors eat shark's fin every day. The sudden surge of two stocks did not attract any attention. Therefore, almost everyone did not make a fuss and felt it was very abnormal.
The stock price of Land Corporation also soared to 104 yuan, and the stock price dropped by 10 Hong Kong dollars. It was a little less impressive, but it still goes a long way.
As the famous land king of Hong Kong Island, the Milk Company has a very bad reputation in all aspects. Moreover, the Milk Company now has abundant cash flow and a small land reserve. The Milk Company has no ability to develop real estate on its own, and the shareholders of the Milk Company have lost the company.
Shares can also enjoy the long-term benefits of the company.
MacLehose handed Lou Xiao'e cold water. He said so little that he felt thirsty. He thought that I went on a business trip to Japan and missed a bad show. In the past, I had to explain it vaguely to the people of the Asian Associated Press.
Be sure to inform yourself as soon as possible.
Lao Zhou personally announced the Dairy Milk Company's stock split plan. One Dairy Milk stock will be split into 5 shares, and each new share will be given a bonus share.
Since the two sides ended their bottomless scolding war yesterday, Dairy Farm and Land Corporation have used overwhelming advertisements to accuse each other and try to lower themselves by disparaging each other.
Zha Bin'e happily told MacLehose what she knew about the situation.
Henry Keswick, the current head of Jardine Matheson, once took the initiative to visit Mr. Zhou of the dairy company and persuaded Mr. Zhou to work with me to jointly develop the territory of the dairy company and make money together if we had no money.
As a result, Land's stock price rose again, while the milk company's stock price soared into the sky. People from all walks of life on Hong Kong Island retreated into the stock market with their gold and silver, and the entire Hong Kong stock market went completely crazy."
Later, stock investors used to light cigarettes with 10 Hong Kong dollars, and eat shark fin with rice every eight or two days; now, the price of lighting cigarettes has been changed to 50 Hong Kong dollars, eat shark fin with rice every meal, and rinse your mouth with brandy after meals.
MacLehose had no faith in Land's ability to acquire milk. The gap in strength was too small.
On October 30, Land Corporation once again secretly made big moves behind the scenes, directly ending its "calling landlords" campaign and going to the city to directly acquire the milk company.
Lou Xiao'e said with a smile.
The share price of Land Corporation also skyrocketed, and Land Corporation finally closed at HK$95.
Zha Bin'e said helplessly.
On October 31, Land Corporation published full-page advertisements in various newspapers, announcing that we would repurchase Dairy Milk, exchanging two shares of Land Corporation shares with a par value of HK$5 for one Milk Company stock with a par value of HK$7.50.
"Is there nothing I can do, Luo Fuqi? After the opening of the Hung Hom Cross-Harbour Tunnel, the stock price of the Dairy Milk Company was only about HK$50. Since before the opening of the Hung Hom Cross-Harbour Tunnel, the stock price of the Milk Company has risen to HK$290 in just the past seven months.
Judging from the acquisition conditions on the surface, it seems that the Milk Company is not suffering a loss. Two Land shares are worth 188 Hong Kong dollars, while one share of the Dairy Company is over 135 Hong Kong dollars. As long as they are withdrawn and replaced, the Dairy Company shareholders will earn 53 Hong Kong dollars per share.
Price difference.
The reason why Land Company secretly lowered its own company's stock price was not to make it more difficult to acquire the milk company, so as to make it worse to realize the above plan.
However, there was no response from the Dairy Company, and Zhou Xinian himself scorned the acquisition war initiated by the Land Company, and the stock price of the Dairy Company soon ended its decline.
It's because the milk company didn't have a good plan, and the real estate company didn't have the wall and ladder.
A 10-for-1 split may seem like the quantity has increased, but the actual weight has not changed. The size of the dairy company is so small, let alone a 10-for-10 split, it is still useful. We call on investors to treat this rationally.
At the same time, Land has also made various promises in its advertisements. In order to reduce the allure of Land's stocks, it is even more shameful to revalue Land's assets. After several careful behind-the-scenes operations, the market value of Land's company has directly
It exceeded HK$1.75 billion.
Stimulated by the news announced by Lao Zhou, the stock market was buzzing with gongs and drums, firecrackers were blasting, and countless melon-eating people waved flags and shouted to invest heavily in the stock market.
The two stocks continued to skyrocket wildly, causing the entire stock market to boil instantly. Those Hong Kong stock investors who had never experienced a takeover war were even more stunned, and Hong Kong stock investors also became even more crazy.
Luo Fuqi, although I am the governor of Hong Kong, there is nothing I can do. I can always let the fire brigade put out the fire on the exchange, right? Even if I do that, it will only be temporary. I can always let the fire brigade put out the fire on the exchange.
, it goes up every time, and the stock market is not completely crazy yet, and it has not completely surpassed the control of the Hong Kong government.
As soon as Land's share exchange plan came out, the entire Hong Kong stock market instantly boiled, milk instantly turned into boiling water, and Land instantly turned into Gemdale, and the two stocks ended a new round of surge at the same time.
“On November 10, the takeover battle between Land and Milk Company officially reached its lowest ebb. The two companies retreated into a white-cooling stage, and at the same time they both ended their use of big-name tactics.
Land Company hired two financial consultants, one is JF Securities, a subsidiary of Jardine Matheson, and the other is a small profit securities company, a subsidiary of HSBC.
Moreover, the milk company ended its long-term surge before the Hung Hom Cross Harbor Tunnel was opened to traffic, and a small number of investment institutions also exited the market early to grab funds. Everyone thought it was an abnormality.
In order to attract shareholders and block Land Corporation's takeover proposal, the dairy company made a small trick.
On that day, Dairy Milk's stock price soared again, reaching a sky-high price of HK$290 per share. It appreciated by HK$50 in one day. In just over ten days, the market value of Dairy Milk Company doubled again.
