Placing a placard is a measure used by various countries' trading markets to avoid large funds purchasing stocks, causing stock fluctuations and causing losses to shareholders: Generally speaking, when holding more than 5% of a company's shares, the purchaser must announce it to all shareholders.
own shareholding ratio, and use this to warn and inform investors holding the same stock to pay attention to the risks.
On September 16th, 23 listed subsidiaries of Sansang Group were collectively held up by Jiadian Group in the stock exchange markets of Renton, Korea, Flower Planter, Mexico and other countries!
This also means that at the same time, Jiadian Group held 5% of the shares of 23 listed subsidiaries of Sansang Group.
This time the whole world was shocked.
No one expected that Jiadian Group would suddenly play such a trick of building plank roads and concealing Chencang. After more than a month of cessation, it suddenly attacked "Pearl Harbor" and directly held shares in many subsidiaries of Sansang Group. 5
% of stocks.
However, the outside world is a little uncertain about the release of this signal, and they don't know why Jiadian Group acquired these stocks.
Are you preparing to acquire Sansang Group, or are you trying to cause trouble for the management of Sansang Group?
This means a completely different meaning.
This also caused many investors to stop selling for a while and wait patiently for the announcement.
Soon, Jiadian Group issued statements on major trading platforms.
The statement did not explain the reasons for the acquisition of Sansang Group's shares. It only said that Jiadian Group supports Airot Asset Management Company and SPAB Fund and requested that Sansang Group be reorganized and the board of directors re-elected.
In addition, as a major shareholder, Jiadian Group also asked Sansang Group to hold the relevant responsible persons accountable for the flagship N7 incident, and asked Sansang's chairman Li Jianxi to resign.
At this time, everyone knew one thing: although they didn't know what Jiadian Group was going to do, Sansang Group was definitely going to be in chaos next.
After all, several major shareholders jointly exerted pressure and demanded reorganization. Although it has no legal effect, it will definitely put a lot of pressure on the group.
Especially among them is Jiadian Group, an opponent with abundant funds. There is no doubt that Sansang Group will fall into civil strife.
Therefore, investors sold again and Sansang Group's share price fell again.
Wei Lin and Xiao Di, who were lurking in the market, saw this and began to sweep up the shares of Sansang Group again.
The stock prices of various subsidiaries of Sansang Group rose and fell in this tug-of-war.
At this time, in the president's office at the Sansang Group headquarters, Li Zairong was listening to the reports from the people below.
After listening to the report, he looked gloomy and then asked, "What did the secretary's office say?"
The Secretariat is the highest decision-making department of Sansang Group and reports directly to the Li family. There are 400 "advisors" among them. Half of them are from the management department. The other half are from the technical department. Problems are encountered in various subsidiaries and even the group.
At this time, the secretarial office will formulate strategies and even detailed plans and measures based on the problem.
The president usually makes a comprehensive judgment after listening to the judgment and plan of the secretary office.
Li Zaeyong's staff said, "The secretary's office believes that in this case, what we need is to eliminate the negative impact, and we should not directly confront the major shareholders. So they are prepared to partially accept the other party's suggestions? And they have made some comments on the Jiadian Group's statement
Come up with a positive response.”
After saying that? This subordinate took out a plan, bent down and handed it to Li Zaiyong with both hands.
Li Zaiyong, who was sitting behind the desk, took the document, looked at it carefully, said "hmm", and then signed.
The next day? Sansang Group held a press conference and gave a positive reply to the suggestions put forward by Airot Asset Management Company and SPAB Fund:
Sansang Group agreed with the suggestions of the two major shareholders, so it decided to recruit an independent director to the board of directors and will use 40% of the cash to distribute profits as dividends.
As for Jiadian Group's acquisition of the group's shares, they also gave their own response: Jiadian Group's acquisition of the company's shares is an affirmation of Sansang Group. It is precisely because of its full confidence in the current management of Sansang Group that Jiadian Group
Only Dian Group will acquire the stocks of many companies of Sansang Group.
Sansang Group also welcomes Jiadian Group's trust in the company and is willing to open its arms to every investor who wants to invest in Sansang. Everyone is welcome to invest and enjoy dividends.
It has to be said that the Sansang Group's appropriate response was excellent. Su Yang was clearly an act to cause trouble, but in the end, he was suddenly defined as a favorable act by them.
In addition, some of them accepted the proposal of the major shareholder and responded immediately, which also made Sansang Group more recognized in the capital market.
Even as the group prepares to distribute free cash, investors' confidence in Sansang Group continues to rise.
As a result, Sansang Electronics, the most important subsidiary of Sansang Group, began to rise. This also caused other subsidiaries to stop their decline.
And just when everything is going in a good direction.
In the afternoon, the situation changed again.
Jiadian Group issued an announcement on the Magnesium Securities Exchange Market to acquire a combined 6% stake in Sansang Electronics held by several unknown financial companies at a premium.
Therefore, Jiadian Group now holds 11.12% of the shares of Sansang Electronics, officially becoming the second largest shareholder of Sansang Electronics.
Not long after Jiadian Group issued an announcement in Korea, Jiadian Group also successively issued similar announcements in Renton, Mexico, Korea, Europe and other securities markets.
After several acquisitions, Jiadian Group will also obtain shares ranging from 5% to 8% from eight listed subsidiaries of Sansang Group.
It has become the top three major shareholders of three or nine important subsidiaries.
At this time, the whole world was in an uproar again.
If yesterday, Jiadian Group caught Sansang Group off guard and made it difficult for everyone to tell what Jiadian Group was doing, then now Jiadian Group's ambition is clear: it is to annex Sansang Group!
And this kind of annexation was completely carried out without any greeting!
This is a hostile takeover by Chi Guoguo!
After all, holding the shares of more than two dozen important subsidiaries at the same time is completely out of the scope of normal commercial acquisitions, which means directly throwing money at them!
When things got to this point, Jiadian Group no longer concealed it. Su Yang directly held a press conference in Shanghai for the whole world, and then publicly said at the press conference, "Jiadian Group has many brand-new technologies that surpass modern technology.
, but there is no excellent channel or factory to produce and sell it.”
"And Sansang Group just meets all these needs."
"So I decided to use Jiadian Group's overseas funds and the cash raised by Hermes Plan to accelerate the acquisition of Sansang Group. I believe it won't be long before Sansang Group will become a branch of our group.
.”
This time, it really caused a sensation all over the world!
No one expected that Su Yang would express his ambitions so directly, nor did they expect that Su Yang would have such a big appetite that he would directly target Sansang, a large group ranked among the top 15 in the world.
In particular, Sansang is the chaebol of Goryeo, and it is also Goryeo’s business card to the world. If this business card is acquired, Goryeo will really be embarrassed!
So when Su Yang said these words, the whole world fell silent. Everyone was waiting for the reaction from Goryeo and the Sansang Group.
That night, everything was calm.
The next day, Prince Sansang Li Zaiyong updated his feelings on Facebook, which read: Barbarians are knocking on the door. But behind us is our nation and country.
In the afternoon of the same day, the external spokesperson of Sansang Group responded to this matter for the first time. He said, "Jiadian Group's behavior this time is a hostile takeover. Our group is a national enterprise of Goryeo, and we will not allow foreign companies to take control or even acquire
Our group.”
Thus, the battle officially began.
The stocks of various subsidiaries of Sansang Group were already deeply divergent, but now they have become even more divisive. This is because some investors believe that since Jiadian Group wants to seize the shares of Sansang Group, the value of Sansang Group's shares will probably skyrocket.
.
But more investors are very rational. After analyzing the stock structure of Sansang, they believe that Jiadian Group's acquisition plan will probably end in vain.
If it ends without a cure, then it is likely that there will be a large-scale sell-off.
Coupled with the flagship n7 scandal that broke out during this period, Sansang Group's management struggle will inevitably affect Sansang Group's profits and operations this year.
Therefore, they are not optimistic about the future of Sansang Group in the short term.
However, the rise and fall of the stock market does not mean much to Su Yang now. Because he has already completed the layout before, he will not be affected by the current stock price at all.
So, on the third day, Jiadian Group raised its placard again and announced that it had acquired some shares of the remaining listed subsidiaries of Sansang Group from several financial companies, and increased the shareholding ratio of more than 20 large subsidiaries of Sansang Group.
, all increased to more than 10%.
As for the specific percentage, it has not been made public because it does not exceed 15%.
In three days, with dozens of placards raised, Jiadian Group has shown its momentum. Everyone can see that Jiadian Group is determined to win this time.
So San Sang was a little panicked internally at this time.
Li Zairong, who had always had a confident smile, could no longer smile. He paced in the office for a long time, and then made several phone calls to several large banks and financial companies on Wall Street that held shares of Sansang Group.
As the actual controller of San Sang, he knows who is standing behind San Sang and who holds the most critical shares of San Sang.
Although Sansang Group has a lot of stocks on the market, when Su Yang acquires more than 10%, it will be very troublesome to acquire more, and the price will be very high.
So what needs to be done most now is to stabilize the group of bankers and financial giants behind him, so that they still stand behind him. In this way, even if Su Yang purchases all the scattered stocks in the market, he will not be able to
If you gain actual control over the Sansang Group, you may still win.
After making a few phone calls, Li Zairong breathed a sigh of relief. Although the financial giants were angry about his recent affairs, they still supported him.
After receiving the good news, Lee Jae-yong finally felt a little more relaxed.
But just when he felt relaxed, a piece of bad news arrived. The explosion of the N7 mobile phone had a wider and wider impact through the ownership dispute between the three companies.
Consumers in many countries have begun to accuse Sansang and demand compensation and settlement from Sansang Group.
As a beacon of peace, several major airlines in the United States, led by Southwest Airlines, issued a ban on carrying N7 mobile phones on board.
This made the Sansang Group even worse.
This kind of big issue related to the strategy of the entire group, Li Zaiyong did not dare to be careless.
He knew that if this matter was not handled well, Su Yang might not need to re-elect the board of directors, and he himself would be kicked out of the director's seat.
So, three days later, as a last resort, Sansang Group announced that it admitted that the N7 mobile phone battery had quality problems that might cause spontaneous combustion. It also announced a recall of 1.7 million mobile phones sold worldwide.
At the end of the press conference, Gao Zhendong, president of Sansang Mobile, bowed and apologized.
On that day, the stock price of Sanzang Electronics plummeted, and other subsidiaries that had just stopped falling also began to fall slightly.
At this moment, Jiadian Group, which had been silent for nearly a week, once again raised its cards wildly.
one, two, three
Jiadian Group has successively raised placards to more than 20 listed subsidiaries of Sansang Group, stating that it already holds more than 15% of the shares of these subsidiaries of Sansang Group.
Jiadian Group's crazy acquisitions and its terrifying ability to absorb equity directly shocked everyone around the world who paid attention to this matter.
This is the Sansang Group, not some cats and dogs. If nothing else, the market value of Sansang Electronics alone exceeds 100 billion U.S. dollars. During this period, due to acquisition rumors, it has even risen to 110 billion U.S. dollars.
Together with a series of other subsidiaries, the total market value is estimated to be around US$180 billion. If converted into RMB, it has already exceeded one trillion!
Su Yang actually dared to attack a company of this level!
How much does this cost?
Tens of billions have been thrown away just now!
When Su Yang raised his sign for the second time a few days ago, everyone felt that he was crazy.
The Sansang Group also exerted positive pressure and questioned Jiadian Group.
Later, the Jiadian Group did calm down for two days, but just when everyone thought that the Jiadian Group was going to give up like the last attack on Goryeo, it turned out that it was now forceful?!
Directly raise the placard collectively for the third time!
It’s simply a matter of indifference!
What trump card does Jiadian Group have?
Why are you so confident!
Because of the explosion of Sansang's flagship mobile phone and the forced hostile acquisition by Jiadian Group, the world is now hotly discussing this matter. Many experts and scholars have begun to analyze the possibility of Jiadian Group acquiring Sansang Group.
These experts and scholars gave a pessimistic conclusion based on the size of the two companies, the current situation of the company, state supervision, and cash reserve calculations.