Xu Li was in a panic. This time he finally felt the horror of Changtian Technology.
Although there is an agreement between Xu Li and other senior executives of Waveguide and Changtian Technology.
Before starting formal negotiations, do not announce the news that Changtian Technology is about to acquire Bird.
At the same time, stocks cannot rise dramatically.
The purpose is to avoid those speculators or company executives who take the opportunity to buy stocks and seek profits from them.
After all, if any company is acquired by a giant like Changtian Technology, it will be an absolute benefit to the company.
But people always have selfish motives.
The agreement is like this, but the actual implementation is another matter.
Many waveguide executives, including Xu Li, also want to make a fortune from it.
Therefore, during this period, they also increased their holdings of Bird shares in the market through various channels.
I originally thought I could make a huge profit, but I didn't know that Changtian Technology actually owned 15% of the outstanding shares and was crazy about selling during this period.
Xu Li felt like crying. You said you shouldn't let the stock price fluctuate violently. Is it just to make it easier for you to smash the market?
Many senior executives hold financing bonds.
Such a crash directly caused Bird's executives to liquidate their positions.
Not only was there no money earned, but all the money was lost.
But when something like this happened, Bird's executives didn't dare to complain, let alone tell the story.
Xu Li also knew it very well.
There is still no way to achieve a breakthrough in the negotiations between Bird and Changtian Technology.
Then Bird's stock will 100% continue to fall.
Xu Li also secretly increased his holdings of circulating stocks through financing.
I originally wanted to make a small profit, but if the stock fell another 10%, Xu Li would also be liquidated.
The price offered by Changtian Technology was just right, making Xu Li very uncomfortable.
But with no choice, after Bird's daily limit dropped for a week, Bird's board of directors agreed to the acquisition agreement of Changtian Technology.
In the end, the two parties decided to acquire 60% of Bird's shares at a price of 1.05 billion.
In addition, Changtian Technology currently owns approximately 11% of the outstanding shares.
Changtian Technology owns 71% of the shares of Bird, becoming the largest shareholder of Bird, and Bird Group has also become a subsidiary of Changtian Technology Group.
It is different from other group companies.
Changtian Technology is very refreshing.
The 30% advance payment was paid on the day the agreement was signed.
After completing the acquisition agreement, the remaining 70% of the advance payment will be paid.
After opening the acquisition agreement, Bird naturally requested instructions from the China Securities Regulatory Commission to apply for a trading suspension if the company encountered a major restructuring event. The suspension was expected to take 10 working days.
Some hot money has a very keen sense of smell.
I don’t know where they got the news that Changtian Technology might acquire Bird.
On the first day after the trading halt was announced, large funds were immediately used to lurk into Bird shares.
As a result, the waveguide, which had continuously dropped its limit, staged a huge reversal from the lower limit to the higher limit that day.
Very poor Leek, who originally lost dozens of points holding Bird shares.
As soon as I saw Bird shares, it suddenly hit the limit.
The first reaction is that the stock market maker is definitely trying to attract leeks to take over the stock! It will plummet in the future!
Wave A followed by wave B, followed by wave C with an even greater drop!
Hurry up and cut off the stocks in your hands.
This is a bloody bargaining chip.
Yang Ling, a Leek friend located in Rongcheng, is one of them.
Yang Ling holds 10,000 shares of Bird, and its current total market value is about RMB 40,000.
But he entered the market when Bird's stock price was around RMB 8, so he has now lost a total of more than RMB 40,000.
When Yang Ling saw the floor at the bottom, his first reaction was that Bird's bookmaker attracted Leeks to take over.
But Yang Ling is not panicked. He is a qualified leek. When trading stocks, you must not only look at graphical indicators but also fundamentals.
Yang Ling originally bought this stock as a bet that Bird would make a difference in this year's smartphones.
But from the looks of it so far, waveguides seem to be doing nothing.
After clicking F10 on the keyboard in a familiar manner, Yang Ling checked the fundamentals of Bird and saw the company's financial situation from the company's business scope.
Yang Ling was very disappointed.
Bird still suffered losses in the third quarter and did nothing on smartphones. This indicates that it will still lose money in the fourth quarter, and it will definitely lose money throughout the year.
Yang Ling's chances of winning in gambling are getting smaller and smaller.
He sighed deeply and said, "I am willing to admit defeat, I am willing to admit defeat! You are now setting a daily limit to attract Leeks to take over. It is a pity that I am not Leeks!"
Yang Ling decisively logged into the trading software and cleared all positions he clicked.
Losing 40,000 to cut the meat. But it is better than losing another 20,000 later.
After a series of operations, Yang Ling posted his own operations on the stock forum and said: "Competition in mobile phones is very fierce now. Bird's continuous lower limit some time ago indicates that the market makers are already shipping, and the market makers are also very unfavorable about Bird's performance this year."
Based on the business situation, I judge that Bird will definitely be ST-listed next year and may not be delisted in the next few years, so I am going to cut it off today and wish everyone good luck!"
After Yang Ling’s post was published.
There are more than 10 comments below.
"The master is awesome. Today's limit is the best way to get out. I can guarantee that tomorrow's limit will definitely fall!"
"From the perspective of technical indicators, the low limit will definitely lead to a graphic reversal, but Bird's performance is too poor, and the limit has been lowered continuously some time ago. Today, the market makers must not be able to bear it anymore and will induce more shipments!"
"Today's trading volume is average. It is not an indicator of a historical reversal of the low daily limit. Come out early and get relief early."
Yang Ling looked at the comments under her post and felt very good. She felt like she was a knack for predicting things.
Although losing money means losing money, you must have this feeling of floating clouds.
Just when Yang Ling was about to shut down his phone and go to sleep, he suddenly discovered that the stock software alerted him that Bird stock had made an announcement.
Yang Ling said to himself: "Haha, today we will make an announcement at the daily limit. Is this a pre-loss for the annual performance?"
But when Yang Ling opened the announcement and read it, he was in a mess and felt bad all over.
The content of the announcement is: "Changtian Technology Group is preparing for the acquisition of our company. Because this matter faces uncertain factors... Bird Group has decided to suspend trading tomorrow..."
boom……
Yang Ling rubbed his eyes again and stared at the computer screen to read the announcement in detail. He thought he was deceived.
In the end, he was sure that he was right.
Changtian Technology is indeed preparing for the acquisition of Waveguide.
Why did Bird stock suddenly hit the limit today?
This is not a bookmaker's shipment, but some funds have learned the news in advance and are frantically rushing to raise funds.
What does Changtian Technology’s acquisition of Waveguide mean?
This means that Waveguide will become a subsidiary of Changtian Technology.
This means that Changtian Technology is about to enter the mobile phone industry.
But this is not important to Yang Ling.
The most important thing is that Yang Ling missed the opportunity to increase his assets by 10 times.
Because he knew that Yuedong Internet, a subsidiary of Changtian Technology, had gone public last year and its price had increased from 5 to 6 yuan to 1,560 yuan.
In total, it has doubled more than 10 times.
If Waveguide is acquired by Changtian Technology, let alone tenfold, three or four times is a certainty.
The current price of Bird shares is more than 4 yuan. If it quadruples, it will be 16 yuan.
Yangling's cost will double from 8 yuan to 16 yuan.
Forty thousand has become 160,000! Not only will the capital be repaid, but you will also earn 80,000!
This moment made Yang Ling want to cry without tears.
Leeks are always leeks.
Within the forum, Yang Ling's post suddenly became popular, but the comments below were not very friendly.
"Hahaha, the original poster cut his flesh on the floor!"
"Oh my god, if it is acquired by Changtian Technology, shouldn't the stock price take off?"
"I feel sorry for the original poster for just a second. This is simply an example among leeks!"
"A fighter among leeks!"
When the stock market opened on the second day, trading in Bird shares was naturally suspended.
As the only direct descendant of Changtian Technology, Yuedong Internet once again hit the daily limit.
The trend of Yuedong Internet is also foreshadowing the future trend of Bird shares.
Changtian Technology’s acquisition of Bird immediately occupied the front page of the media.
Xinlang Finance: “Changtian Technology acquires Bird shares for 1.05 billion!”
Souhu: "Preparing to enter the mobile phone industry, Changtian Technology acquires Bird shares!"
"Shenzhen Evening News": Bird, which has a debt of 560 million yuan, was acquired by Changtian Technology. Is this good or bad for Changtian Technology?
In the mobile phone industry, the news that Bird sold 60% of its shares at a price of 1.05 billion has caused a stir.
Some experts in the industry believe that Bird's executives have found a good buyer this time and can successfully sell off the debt-laden company.
There are also some experts who are puzzled by Changtian Technology.
How could a company as far-sighted as Changtian Technology acquire a declining Bird that was heavily in debt?
Some people in the industry commented: "Changtian Technology is wasting real money! With so much debt in Bird, and the mobile phones can no longer be sold, I really don't know what Changtian Technology is doing with it!"
All the news came flooding in.
However, for Changtian Technology to be able to stand at today's height, Chen Xiao has become immune to these news.
If only these so-called experts, scholars and media could judge the future development direction of a company through their own knowledge.
Then Xia Guo already has a technology company that is more powerful than Changtian Technology.
Unfortunately not.
This illustrates a problem.
Most of these so-called experts or scholars are just talking heads.
The basis for their judgment is not rigorous scientific data, but money.
He can say whatever the money tells him to say.
Talking about people and talking about ghosts is the specialty of experts.
Chen Xiao, who had returned to Changzezhou from Shenzhen City, convened a meeting with the senior management of the group company to make follow-up arrangements for Bird after the acquisition.
In addition to the senior management of the group company, there is also Li Guojun of Haiou Company.
Seagull Company was having a very good time during this period.
After Changtian Technology's 65nm process photolithography machine became an instant hit, many Guan Technology companies at home and abroad turned to Haiou Company to produce high-precision optical lenses.
Haiou Company has gained favor from the market because its optical lenses are cheap and of good quality. It currently accounts for more than 60% of the optical lenses manufactured in 135 nanometer and below processes.
In addition to making breakthroughs in the optical lens of photolithography machines, Xia Guoren also independently developed Xia Guoren's own SLR camera using the technology provided by Changtian Technology.
As soon as the Seagull brand SLR camera came out, its photo effects were completely comparable to Sony's, and its price was 30% to 40% cheaper than Sony's.
Therefore, it quickly seized the domestic market and launched challenges to companies such as Sony and Canon in the international market.
Therefore, Li Guojun, who was sitting in the conference room, was quite confident.
Today's Haiou is not just a domestic optical lens company, but an internationally competitive optical lens company and digital camera company.
As the leader of the audit team that audited Bird Company, Wen Qi also attended this meeting.
Wen Qi first reported on the relevant situation of Bird Company, including finance and inventory.
The most important thing is inventory.
Wen Qi said: "So far, Bird Company has a total of 490,000 2G feature phones of various types in stock."
The current sales price of waveguide mobile phones on the market ranges from 1,000 yuan to 3,000 yuan, with the average price being 1,700 yuan.
Therefore, based on the sales price of waveguide mobile phones, the value of this batch of inventory is about 830 million.
But this is also the book value.
When the acquisition of Changtian Technology was reported, Bird was not paid according to the book price of this batch of mobile phones in stock.
Because this batch of mobile phones cannot be sold at all.
Therefore, it is impossible to realize the value on the book, but it is still a negative asset.
Bird tried to use this batch of inventory mobile phones to pay off debts.
But the other party didn't recognize it at all.
Because your mobile phone cannot be sold at all.
The price you quoted is 1,700 yuan, but the price of mobile phones with the same functions on the market is only 300 to 500 yuan, and some even cost more than 200 yuan.
Why should others recognize your 1,700 yuan? You are not a fool.
In Huaqiangbei, Shenzhen City, some copycat feature phones are even more expensive. You can buy a feature phone with more complete functions than waveguide for more than 100 yuan.
Wen Qi said: "Our main problem at present is to solve the debt problem of waveguide."
Of course, Changtian Technology has deep pockets and can completely repay its debts with 560 million.
At this time, Wang Xiang put forward his own opinion.
"We can sell this batch of mobile phones at a low price. We can sell them at the current price of feature phones, which is 300 to 500 yuan each."
This suggestion put forward by Wang Xiang is indeed a feasible suggestion.
After Wang Xiang talked about the price, he felt that the price seemed unreliable.
He pondered for a while and then said: "At this time, I went to Shenzhen City to teach and research the market. The price of 500 yuan is still too expensive. If it is sold at a wholesale price of more than 100 to 200 yuan per unit, I should be able to get my money back."
The price of wholesale is 200 yuan, and the repayment is only over 90 million yuan.
Everyone looked at Chen Xiao and waited for Chen Xiao's advice.
Chen Xiao said: "The method you mentioned is feasible, but more than 90 million is of little significance to us, and it will also destroy the Bird brand."
"The reason why Changtian Technology wants to acquire Waveguide has two purposes."
"The first purpose is to test the waters in the market and see what the current domestic mobile phone market is like."
"The second purpose is that the quality of our mobile phones should be on par with Nokia, Samsung and Apple, not copycat phones."
"If we dispose of this batch of inventory at a price of one to two hundred yuan, it will definitely establish the image of Bird as a cheap copycat brand in the minds of consumers."
"This is contrary to our original intention of acquiring Bird, and once this image is established, it will be difficult for us to restore it."
Chen Xiao looked at Wen Qi and said, "Wen Qi, what do you think?"