Huamao officially signed an agreement to acquire 8% of the shares of Taihua Group held by Li Shu, the third natural shareholder and director. This news was disclosed at the weekend.
This is undoubtedly good news for the small and medium-sized investors who hold shares in Taihua Group.
Taihua Group's sub-forum on Oriental Finance Network was full of posts announcing the good news, and the atmosphere was full of joy.
However, at the opening of the stock market call auction on Monday, there were more than 30,000 sell orders, once again pushing the share price of Taihua Group to the lower limit; it was like a bucket of ice water poured over the heads of many small and medium-sized investors, which chilled the hearts of many small and medium-sized investors.
Cao Mo was indifferent to this. After the preliminary work was ready, Tianyue Investment, Xinhong Investment, and Dongsheng Holdings signed a cooperation agreement, entrusted Dongjiang Securities to establish a merger and acquisition fund, and formally pledged the shares of Taihua Group on Monday morning
Six securities companies with the right to initiate an irrevocable acquisition agreement.
The conditions offered by Cao Mo were better than those of Huamao, but they were also limited. After all, no one was vegetarian.
The total purchase price of Cao Mokai was one billion yuan, which could just offset the borrowing principal of the six securities companies' investment in Xin Taihua, but it did not include the interest generated by the loans and default penalties; at the same time, they were also required to cooperate with Xinhai United Bank
, Xinhai Gold jointly provided RMB 500 million in trust financing for the merger and acquisition fund.
As for the six securities companies, they not only want to recover the principal and interest of the loans, but also do not want to bear any additional conditions for this.
The six securities companies agreed to work together to deal with the debt and pledged equity issues of Taihua Group. Chen Hui, head of the Asset Management Department of State-owned Securities, also took the lead in setting up a special liaison office to coordinate related work.
As for the Taihua business, they knew very well that apart from Tianyue and Huamao, they could not find a third potential buyer in the country.
Therefore, Chen Hui, the head of the Asset Management Department of State-owned Securities, directly invited Cao Mo and Han Shaorong to meet at Jinhong Meeting on the night when he officially received the acquisition agreement, hoping that they could show their cards directly.
It was impossible for everyone to sit down to eat and drink in peace. The meeting time was about eight o'clock, but Cao Mo asked Ding Zhaoqiang, Shen Ji, Ge Jun, Qian Wenhan and others to go to Jinhong for dinner first, and then moved to Jinhong when they arrived.
In an independent small courtyard inside Jinhonghui, I met Han Shaorong and others who were on time for their appointment.
In order to show his impartial attitude, Chen Hui also rushed to Jinhonghui at this time.
Dong Chengpeng and Guo Jian, who had not seen each other for a while, together with Chen Xiaoping and others, accompanied Han Shaorong. They felt somewhat guilty when they saw Ding Zhaoqiang, and fell silent after sitting down.
Cao Mo took a bag of fish food and fed the koi in the fish pond with Cheng Xi in the yard. After Chen Hui arrived, they went upstairs to sit down together.
The first cold wave of winter has already hit Xinhai. Sitting in front of the open window, Cao Mo was wearing a thin velvet sweater and already felt a little chilly.
"Huamao acquired 8% of the equity from Mr. Li. I thought Huamao's intention was firm enough," Han Shaorong picked up the cigar and lit it, staring at Cao Mo with sinister eyes, speaking slowly.
asked, "What's the point of you jumping out to disrupt the situation at this time? Do you think Huamao is so stingy that he can't even offer this price? And I don't want to hide it from you. Today Huamao has made a deal with Taihua Group's third
The five largest shareholders, Xinfeng Trading Company, signed an equity acquisition agreement. This means that Huamao currently actually holds 12% of Taihua's equity. Next, it only needs to acquire another 18% of the equity to ensure its status as the largest shareholder.
What are you doing with this matter?
I fight?"
Huamao acquired 8% of Taihua's equity from Li Shu. This news was officially disclosed yesterday. Ding Zhaoqiang and Qian Wenhan were quite shocked. They did not expect that Han Shaorong would take over Xinfeng Trading today.
Holds 4% of the shares of Taihua Group.
If the two companies really want to compete for the controlling stake of Taihua Group, Huamao can be said to have already taken advantage.
Especially today, Li Shu and Han Shaorong had an appointment at the same time, and they had a great time sitting together and chatting.
As veterans of the business world for many years, Ding Zhaoqiang and Qian Wenhan saw this scene and knew very well that Han Shaorong would probably terminate the equity acquisition agreement with Li Shu if he really got the controlling stake of Taihua Group. Please
As an executive director, Li Shu is actually in charge of the operations of Taihua Group. Otherwise, Li Shu would have sold his shares to Huamao. There is really no need to participate in today's meeting.
Cao Mo had never met Li Shu. After hearing Ge Jun and others introduce Li Shu's identity, Cao Mo became more confident in his guess.
He picked up a few melon seeds and cracked them, and responded to Han Shaorong without fear: "If you didn't show up today and directly offered a higher price than us, I might have given up, but you not only ran away today
When I came to Jinhonghui, I even talked a little bit more..."
"The acquisition agreement initiated by you is irrevocable. What tricks do I need to play with you?" Han Shaorong couldn't help laughing and asked, "Do I still expect you to break the agreement and withdraw from the acquisition?"
"You talk too much again,"
Cao Mo's terrifying intuition came into full play at this time. He could clearly see what Han Shaorong was trying to hide behind his seemingly normal look and words, and he could clearly see what was behind Han Shaorong's normal expressions and words. What's more, he had spent a lot of time analyzing Han Shaorong and Hua Mao's relationship.
His acting style, he said with a contemptuous smile,
"Okay, so as not to waste everyone's time, I will clarify for you what your intentions are. You are not trying to play tricks with me, but you are trying to play tricks with Mr. Chen and the others."
Han Shaorong showed a ridiculous expression.
Han Shaorong and Cao Mo fought directly. Dong Chengpeng, Ding Zhaoqiang, Qian Wenhan, Ge Jun and even Chen Hui, no matter how good their eloquence was, had no use for it, so they quietly watched their confrontation.
Cao Mo became more and more sure of what Han Shaorong was thinking, and he would not restrain his sharpness and expose his intentions directly:
"...Obviously everyone is thinking that the total offer I finally made is unlikely to be higher than the penalty on the lease principal and interest agreement owed by New Taihua Investment. After all, it is impossible for me to end up taking advantage of the Lu brothers just because I can't get along with you.
Obtain an excess premium. What you have to do is to make Mr. Chen and the people in charge of this matter in other securities companies understand this. At this time, it seems that you have already obtained 12% of the shares of Taihua.
Then you only need to get 18% of the equity from six securities companies including Guoye at a relatively high price, or to be more stable, you can ensure your status as the largest shareholder by getting 20%.
, it doesn’t matter whether you can pocket the remaining 30% of the equity of the six securities companies. The problem is that the six securities companies actually hold 50% of the equity of Taihua, and they all want to ensure the return of principal and interest. In this way,
Is the offensive and defensive alliance of the six securities companies broken without attacking? It is you who have the final say on what terms to acquire their equity next, and they have no room for bargaining."
"...Don't be so clever as to sow discord," Han Shaorong sneered, "Even if I only want to acquire 30% of the shares, as long as Huamao becomes the largest shareholder of Taihua, what will the stock price of Taihua rise to?
Look, do you still need me to make predictions here? Even if securities companies such as Guoye continue to hold shares of Taihua
What’s the problem if I have it in my hands? I’m actually more worried that securities companies such as Guoye will transfer the stocks to the names of related companies instead of giving them to me..."
"I don't want to deny Huamao's strength, but what you said just now undoubtedly exposed your thoughts more thoroughly."
Cao Mo still slowly cracked the melon seeds and said,
"You have never thought about taking over Taihua to run it properly. From the beginning to the end, you are still thinking about manipulating the stock price to make profits. Mr. Li's appearance here today has further verified my judgment about you. Your so-called acquisition of Li
The total 8% equity will not be actually delivered, right? Even after I give up, you will not completely acquire 50% of Taihua's shares from Guoye and other securities companies in the name of Huamao, right?
From what I know about you, it is enough for you to acquire 8-10% of the shares from Guoye and other securities companies in the name of Huamao. In this case, Huamao and Mr. Li’s 8% equity, the new
With 4% of the equity of Feng Steel Trading and 5% of the current management of Taihua, we can take control of Taihua Group by signing a concerted action agreement. It can make Taihua Group's operations seem to return to normal, but in fact
This is not the case. What you really want to do is to take over the other 40% of the equity held by six securities companies and distribute it to companies under your control that appear to be unrelated to each other. Then,
Your real purpose is to manipulate Taihua's stock price to rise to an unimaginable sky-high price and then gradually abandon these shares from the open market to cash out. As for what Taihua Group will eventually become, you don't care at all!
"
"I have a mouth on you, so I can say whatever you want." Han Shaorong said coldly.
"Of course you have guessed that I have contacted Sturgeon Foster privately. Although Sturgeon currently represents the Foster family as the executive director of Bank Atlantic, he was arranged by the Foster family to be in such an incompetent position.
Shit place, whether it is Sturgeon’s personal intention or not, shows that Sturgeon is not a very important figure in the Foster family. Therefore, you have a wide network of contacts, and as long as you directly contact the core figures of the Foster family, you can finally
Restrict Sturgeon from cooperating with me," Cao Mo said. "However, you must first convince them that you take over Taihua Group and you sincerely want to promote the construction of a series of projects along the shores of Lake Conero. As for me, it is just
Sturgeon needs to return to the UK and convince the core members of the Foster family that Han Shaorong will be more willing to manipulate stock prices and easily obtain tens of billions of dollars more than risking billions in the country of Kanem.
A huge profit of 100 million! As you said, I have my mouth, and I have asked Sturgeon to use this set of reasons to deal with the family's accusations. Do you think Sturgeon is likely to succeed? Of course, if you are really direct
Concentrating all the equity under the name of Huamao, if you really want to invest billions in additional money to promote the construction of a series of projects such as the new coastal city of Cornero, the new Taihua Refinery and the Port of Cornero Lake, then
When I am really talking nonsense, I believe that Mr. Li and the existing management of Taihua will never listen to my nonsense again..."
At this point, Cao Mo looked towards Li Shu and asked with a smile: "Mr. Li also thinks I'm talking nonsense, or maybe we can sit down and talk about cooperation next?"
"Did you forget that I have signed an equity transfer agreement with Mr. Li?" Han Shaorong laughed angrily.
"Is there any clause regarding liquidated damages in the equity transfer agreement you signed?" Cao Mo stared at Han Shaorong, Li Shu asked, and then said vaguely, "If there is, treat it as if there is no clause on liquidated damages in the agreement."
None, it probably has the value of wiping my butt..."