After all the dust settled, Henry Keswick held a press conference at Landmark Building.
At this press conference, Land announced that it had acquired 90% of the shares of the Milk Company. According to Article 168 of the current Company Law, it would conduct a compulsory acquisition from the remaining small shareholders of the original Milk Company on April 6, 1973.
Milk company officially delisted.
After hearing the news, countless melon-eating people in Hong Kong immediately became excited. They could not wait to buy the remaining 10% of the Hong Kong Land Company's shares at a high price immediately, so that they could obtain new shares as early as possible.
Land Corporation split its shares last month, giving away 5 Land shares for every share. However, investors holding old shares will have to wait a month or two before receiving the new shares split by Land Corporation.
Now that the old shares have been locked up by the stock market, investors who hold the old shares of Land Corporation can only sell one-sixth of their holdings. If they cannot get new shares, it will be difficult for them. A large amount of money is bet on the new shares.
All the liquid funds on the market are trapped in the stock market.
Land's stock price rose from 7 yuan to 67 yuan in just two months. This was the stock price after a 5-for-1 split, with a total price-earnings ratio of 230 times. This shocked all the melon-eating people in Hong Kong Island and shocked all the people.
Hong Kong stock investors are crazy about it.
In addition to the 90.2% shares held by the Land Company, there are six other investment institutions that hold the remaining 9.2% of the Dairy Farm shares. These six investment institutions are now in trouble because of the 9.2% they hold.
The stocks were purchased from the secondary market with real money.
At that time, they made an agreement with other investment institutions that they would advance and retreat together in this acquisition war, ask for cash compensation from the real estate company, and seek major profits. Unfortunately, traitors appeared among them, and these traitors took away the shares of the milk company they held.
The shares were secretly sold to the Land Corporation.
Because of the actions of these traitors, Land Corporation has reached the delisting conditions and can announce the compulsory acquisition of the remaining shares. They exchange real money for some worthless Land shares, which makes them feel as uncomfortable as they want.
But no matter how uncomfortable it is, they can only admit defeat. Who told them to be unkind to others!
After the press conference, Henry Keswick was sitting in the office humming a song happily. He thought Sir Zhang Zhonghua's song "Roar" was really good. This song perfectly reflected his current mood.
"Hey, hey, it's not just about life and death!"
Henry Keswick couldn't help but sneer at the fact that those reckless investment institutions who wanted to reach out to Jardine Hessian jointly blackmailed him.
It's so bold of you to help little Kalami. These guys also see how wise Lord Ma is, and dare to make trouble with Yihe. Are you able to blackmail Yihe?
Do you want the Hong Kong Land shares? If not, you can go directly to Hong Kong Island to cancel the remaining shares when the time comes. The stock split plan is really perfect. You can keep the milk shares as a souvenir.
————
Early that morning, tens of thousands of professional investors were already waiting in line at various exchanges on Queen's Road. Everyone was reading the newspapers in their hands and chatting and laughing. Everyone seemed to be in a happy mood.
good.
Feng Xifeng looked at the clock at the entrance of the Far East Club in boredom. At this time, he was very speechless. In the past, the Far East Club should have opened its doors at this time. Why didn't it open today? Everyone was waiting anxiously at the door.
"What's going on? Why isn't the exchange open yet? It's almost time for the market to open."
Countless stock investors crowded at the entrance of the Far East Club and couldn't stop cursing. Everyone can make a lot of money every minute. Every minute you open the door every night, you make less money. If the Far East Club doesn't open the door, it's not a waste of everyone's money.
time?
Time is money, my friend!
"Dear fellow citizens, I have just received news that the plans to issue new shares this week by Sun Hung Kai Properties, Dah Chong Properties, Huaguang Properties, and Far East Properties have been temporarily cancelled. Please refer to each company's press conference for the specific time of the new share issuance.
In addition, during the period when the Dairy Company is delisted from the stock market, various stock exchanges on Hong Kong Island will conduct market matching operations, and the stock price of Land Company shall be based on the Hong Kong Island Exchange!"
After listening to the broadcast, Feng Xifeng felt very puzzled. In the past, didn't the five stock exchanges on Hong Kong Island always have wrong trading in the morning? How come they start matching now?
Because the milk company is delisting? The damn milk company is so annoying because you and your family are wasting all of our time!!!
"The current Hong Kong stock market is really interesting. In the past, when there were only two exchanges on Hong Kong Island, the Hong Kong Exchange and the Far East Exchange, they still needed to broadcast stock information back and forth.
Well now, since there are five exchanges, each exchange is doing its own thing, and the closing price of the stocks on each exchange is different."
Lao Zhang said with a smile.
"Not to mention the closing price, even the opening price of the same stock on various exchanges is different. I really don't know how the Jade Emperor Index is calculated."
Lao Yang said with a smile.
"It's really difficult for the staff in charge of the Jade Emperor Index at Jade Emperor Bank. I don't know how much hair I lose every day!"
Lao Wang smiled.
While the two were chatting, a sudden shout interrupted their interest in continuing the conversation.
"The exchange is open, everyone rush."
As the investors queuing up behind shouted loudly, the investors queuing up at the entrance of the exchange instantly became commotion. Countless investors rushed towards the exchange hall, and everyone moved forward, which was always very spectacular.
"What? How is this possible? How come the shares of Land Company are only HK$63 per share?"
Lao Zhang said in shock.
"Kuai Lao, the current stock price of Land Company is 62, 61, 59, 58, 56 Hong Kong dollars..."
"How could this happen? How come Land Company's stock price keeps falling? They successfully acquired the Dairy Farm Company. Isn't the company's stock price supposed to keep rising?"
Lao Zhang couldn't help but said in horror.
This chapter is not over yet, please click on the next page to continue reading! "The current stock price of Land Company is 54.6 Hong Kong dollars..."
Amid everyone's disbelief, Land's stock price continued to plummet.
————
Asia Club.
"Why? Why is this! How could this happen?"
Lu Yunxiang shook the stockbroker's arm while shouting that her tears kept falling to the ground. Why?
Why did Land Corporation’s stock price fall? This shouldn’t happen!
"Why did Land Corporation's shares fall? Why?"
Qi Chaoping asked crying.
"Madam, now that Land Company has entered the compulsory acquisition stage, their stocks will definitely fall back. You know that stock trading is risky..."
When investors queuing up outside other exchanges heard the news, they were instantly hit.
What is going on? How come a good stock has fallen? Countless leeks are pouring into the Asia Society, and everyone is stunned to see all this.
Zhang Xiyan looked at the disappointed people and felt a little bit lucky in his heart. Fortunately, he couldn't afford to buy the stocks of the dairy company and Land. It was such a fluke. He was grateful for his poverty.
Suddenly a person came over to him and said, "My dear, what stocks do you want to buy? I'm going abroad, and the stocks in my hand are transferred at a low price. If you need it, I can transfer it to you at a low price!"
"Oh? What stocks do you have? At what price are you prepared to sell them?"
Zhang Xiyan asked.
"I have Cheung Kong Holdings shares and Hopewell Holdings shares in my hands, both with a face value of 1,000 shares, and the sale price is 92% off yesterday's opening price..."
“What’s the lowest price for Cheung Kong Holdings shares?”
Zhang Xiyan asked.
"I can give you a 10% discount at the lowest price. There are too many people here and I can't squeeze in, so I'm offering it at a low price. We'll pay the price and deliver the goods."
Sun Satisfied said excitedly.
Half an hour later, Zhang Xiyan returned home excitedly with the shares of Cheung Kong Holdings. He really made a lot of money today and saved thousands of dollars.
Sun Yiyi also left happily.
————
Kowloon, Kowloon Walled City.
"Old Liu, what are you doing? Why aren't you open for business at noon?"
Lin Xiao smiled and said to Lao Liu.
"Doing business? What a crappy business. The shares of Land Corporation have plummeted today. I have a lot of Land Corporation shares in my hands. I've lost a lot of money all of a sudden. I'll lose them."
Lao Liu cursed angrily.
"Has Land's stock fallen? It's normal to have ups and downs. Isn't it normal for stocks to fall? Didn't they fall a lot last month?"
Lin Xiao said nonchalantly.
"Last time it fell because Zhang Sheng and Sandus were not optimistic about the stock market, but it is different now. Land's stock has almost fallen below 50 Hong Kong dollars. Yesterday it was still 67 Hong Kong dollars!"
Lao Liu said angrily.
"What? It fell so much? What about other stocks?"
Lin Xiao
"Only Land's stock has fallen. It's a rush. I'm going to the exchange to have a look."
————
New Territories, Tuen Mun, Castle Peak Estate.
"Liang Fudong, get out of here."
"Liang Fudong, you bastard, get out of here."
Liang Fudong, who heard the noise outside, quickly put on his clothes and got up. What are you doing? Who is looking for death this morning? He dares to talk to me like this, the village chief. He really doesn't want to mess around.
"What are you making a fuss about?"
Liang Fudong was a little confused when he saw hundreds of villagers in front of his house. At the same time, he suddenly sobered up from drinking. What big thing happened? Why are they all gathered here?
"Liang, do you know? This morning Land's stock has dropped to as low as 50 Hong Kong dollars. It's all because of you. If we let us buy Land's stock, you have to compensate for all our losses..."
"Liang, didn't you say you want to make everyone rich? Is this how you want to make everyone rich?"
"Liang, please stop talking nonsense and hurry up with the money..."
"Everyone, please don't get excited. Stocks rise and fall. It is normal to fall now. I believe that Land's stock will rise back soon. You must know that Land's stock is the largest real estate company in the world..."
Looking at the aggressive crowd, Liang Fudong felt a little hairy and immediately shouted loudly to the crowd.
"I believe you, we should sell our stocks as soon as possible to get down to business..."
"Sell? You can't sell it now! Land's new stock hasn't come out yet, the stock is locked up."
In the evening, countless lovely leeks returned to the CFC set. While eating burgers, they looked forward to the rapid rise in Hong Kong Land's stock price tomorrow. They especially miss the taste of shark fin rice!
————
Compared with the restless Hong Kong stock investors, Zhang Zhonghua is going out to sea for fun. The winter in Southeast Asia is still very good. Even though it is already December, there are still many people swimming in the sea.
Zhang Zhonghua's leisurely life every day is the envy of countless Hong Kong Island tycoons. Why are we all tycoons? Our management company is so busy that you wander around every day?
But there is nothing we can do about it. The companies of the Yuhuang Group are all managed by professional managers. They are basically family members, but they don’t have this kind of courage!
The land incident in the past two days also caused a lot of farce. All the tycoons were frightened and watched the great excitement. Those people, well, they were stock investors, and many people cried directly on the exchange.
come out.
On Wednesday, Land announced that it had acquired 90.8% of the shares of Dairy Farm, and then the stock compulsory acquisition plan began. At the same time, many Xiazi real estate stocks also changed the date of issuing new shares.
Then the next day, the stock of Jardine Matheson Land Co., Ltd. fell directly by 25%. Not only Land Co., Ltd., but also the stock of Wharf also fell by 3%. The stock of Jardine Matheson Machinery fell by 4%. The stocks of seven or eight companies under Jardine Matheson & Co.
Stocks have fallen to varying degrees.
It was obvious that someone was maliciously shorting the stocks of Jardine Matheson's listed companies, and Henry Keswick held a press conference in the evening and cursed. It could be said that he just pointed his nose at people by name.
On the third day, the stocks of various companies under Jardine Matheson once again fell sharply, and were once again maliciously shorted by several institutions. The overall market value of Jardine Matheson also suffered a considerable decline. It’s hard to say how much more, but in the past three days, Jardine Matheson has been maliciously shorted.
The market value of Heyang Bank has evaporated by more than one billion Hong Kong dollars.
Although the market value of these companies is inflated, the market value of more than one billion is enough for Henry Keswick to feel distressed for several days. It will take time and a lot of money for him to speculate in the stocks again.
.
But Henry Keswick would not spend a lot of real money on the stock market. How could he spit out the money when it was already in his mouth? Wouldn't that be cutting flesh from Jardine.
There have always been institutions that have been shorting Jardine Matheson's stock, and such an opponent can disgust Jardine Matheson to death. This time, Land's acquisition of milk has also made Jardine Matheson a lot of enemies, and maybe someone is trying to add insult to injury.
In the end, Henry Keswick invited the heads of six investment institutions to the Peninsula Hotel. After a heated negotiation for three hours, Henry Keswick left the Peninsula Hotel with a very bad expression.
That night, Henry Keswick officially held a press conference. He announced that the stocks of Jardine Matheson's companies had returned to normal, and asked shareholders not to worry about this.
At the same time, Henry Keswick announced that Land Company has acquired 100% of the shares of Dairy Farm, and Dairy Farm will officially delist on December 18.
The cooperation agreement reached by Henry Keswick and those six organizations has also become a hot topic among people from all walks of life in Hong Kong. However, the specific content of the cooperation agreement will probably never be revealed and will be taken to the grave by insiders.
However, according to Henry Keswick's behavior, it is absolutely impossible to acquire the 9.2% shares of the Milk Company with cash.
There is a high probability that a stock exchange will be carried out. As for which stock will be used and what price will be used, it is unknown.
