After all, Sansang Group is a company with a long history, and it is deeply tied up in the Korean economy. Behind it stands Hua Er Jie, and beside it stands the five major chaebols, and it holds a huge amount of cash in its hands.
As for Jiadian Group, except for its super abundant cash reserves, there is nothing comparable.
Even if Sansang is forced into a hurry, Korea can come forward and establish a Sansang Act like the Popular Act to prohibit Sansang from being acquired.
For a company at this level, it is no longer just an economic issue. There are many political factors that have to be considered.
So... unless Su Yang takes care of Mr. Wen, Wall Street, and several other major chaebols, this acquisition will be almost impossible.
At the same time, many people in Goryeo were also panicked because of Su Yang's reckless attack on the acquisition of Sansang Group.
Goryeo Blue Tower, Office of the National President. Mr. Wen is listening to the report of his staff there.
Mr. Wen frowned deeply after hearing his staff's report on the recent dispute between Sansang Group and Su Yang, as well as the explosion of Sansang Group.
Obviously, even with his intelligence, he couldn't understand Su Yang's movements.
Why on earth did Su Yang dare to take action at all costs?
Does he really believe that he will help him?
A person with a net worth of hundreds of billions would not be so naive, right?
After thinking for a while, but with no results, Mr. Wen waved his staff out. Then he picked up the phone and called a familiar person.
When the call was connected, the man said in a hoarse voice, "You can't understand the current situation?"
Mr. Wen said "hmm" and said, "I really don't understand. What on earth is Su Yang doing?"
The man was silent for a while, "To be honest, I can't understand it either. I always feel that he has a back-up plan, but I don't know what it is."
After the man finished speaking, he paused and asked, "Will you help him?"
Mr. Wen, who has always been calm, rarely sounded angry, "Help? How is that possible!"
"Sansang's N7 explosion! What a perfect entry point!"
"But just because he took action casually, the situation is now on the verge of breaking out, and I don't dare to take advantage of it."
Mr. Wen took a deep breath and said, "After all, compared to San Sang, I am more afraid of him as an outsider!"
"Although I want to destroy San Sang, I don't want him to take over either!"
"So, I will just wait for the time being, wait and see the changes, and even help Sansang when necessary."
Speaking of this, Mr. Wen smiled self-deprecatingly, "Unfortunately, before I took office, I was determined to wipe out the chaebols in Goryeo so that the people could live in a free country. Unexpectedly, now I want to help the chaebols in turn. It's really ridiculous!
"
The person on the other end of the phone also sighed, and then said, "Everything in the world is unpredictable. No one can tell."
"We will communicate more during this time. If there are any new changes here, I will tell you in time."
Mr. Wen said "Yes" and said, "I've wronged you."
The person on the other end of the phone said, "Everything is for the country."
Mr. Wen whispered solemnly, "Everything is for the country."
...
Sansang Group Headquarters, Chairman's Office. At this time, Li Zaiyong's face no longer looked calm.
The Jiadian Group was coming with force, and much faster than he imagined.
On the first day, I held 5 shares, then 10 on the second day, and now I have increased my holdings to 15 on the sixth day. At this rate, it won’t be long before Sansang Group will no longer be under its control.
Although he didn't know what methods Jiadian Group used, he carefully studied Su Yang's information and knew that except for the last setback in Goryeo, Su Yang's record so far was victorious.
Such a person is so menacing that no one can underestimate him.
So he must take action.
With this in mind, he picked up the phone and called the presidents of several major banks and investment banks on Wall Street again.
On the phone, Li Zaiyong once again explained the critical nature of the current situation, and also explained that Su Yang may have other hidden shares in his hands, but they have not been announced yet. This is an illegal operation in exchanges in various countries.
So he put forward two conditions.
The first is to require Wall Street to put pressure on the securities trading centers of various countries and send a letter requiring Jiadian Group to announce the details of the share acquisition and determine whether there are any illegal operations.
The second is to require Hua Er Street to invest in the secondary market, that is, the stock market, to acquire Sansang's shares, adding pressure to Jiadian Group's acquisition. It also prevents Jiadian Group from holding too many shares and affecting the group's management.
Several major banks and investment banks in Wall Street that hold shares in Sanzang, after hearing Li Zairong's conditions, said that they agreed in principle to the first condition.
But the second condition, because the stock price of Sansang Group is not low, and given the company's existing business, whether there will be more benefits from increasing its holdings of Sansang Group, this must be studied carefully, and it cannot be decided by patting the head.
Moreover, even if they agree to increase their holdings, given Sansang's current market value, it will require at least tens of billions of dollars to close the deal, and this amount of money will not be available in a short time.
Therefore, they had to hold a meeting to confirm the plan before giving Lee Jae-yong a reply.
After hearing Wall Street's reply, Li Zairong was disappointed and could only accept it.
But after hanging up the phone and thinking about it carefully, he suddenly thought of a way.
It is indeed not easy to deploy such a large amount of money in a short time.
But...it seems that I and Hyundai just have this amount of money.
If possible, can I ask the five major consortiums for help and then purchase the stocks of my own group?
Su Yang's battlefields for clearing out the Sansang Group's shares are mainly in Magnesium and Renton. So, can he mainly issue additional shares in Korea and then dilute Su Yang's shares?
After having this idea, Li Zaiyong immediately invited the five major financial groups again to hold a small meeting.
Because of the bad situation that San Sang was facing now, and because of Su Yang's menacing approach, the five major consortiums had been very closely united during this period, so Li Zairong called for help, and they all rushed over immediately.
Compared to the last gathering, this gathering was much more casual and not as business-like as the last time. But the things discussed were not relaxed at all.
At the meeting, Lee Jae-yong hoped that each company could spend US$5 billion to acquire the shares of Samsang Group on the Korean stock market.
Each of the four major chaebols has 5 billion, which adds up to 20 billion U.S. dollars. The Sangsang will also issue an additional 20 billion U.S. dollars of stocks on the Korean market.
In this way, the 15 shares held by Su Yang will be diluted to 12.5.
Of course, it is not unprofitable for the four major chaebols to do this. Li Zairong promised that after this matter is over, Sansang Group will buy back these shares at a premium of 10%. It can also acquire the four major consortiums each for 50%.
Hundreds of millions of dollars worth of shares have allowed several companies to join forces and hold shares in each other.
Li Zaiyong's plan impressed the four major chaebols. After going back to study for a while, the other four chaebols signed intention cooperation contracts with the Sansang Group one after another.
Of course, this intention contract has no legal effect and is only used as a backup.
Moreover, if Lee Jae-yong wants to issue additional shares, he also needs to explain the situation to the major shareholders and go through the motions before the board of directors.
After all, although this additional issuance of shares dilutes Su Yang's shares, it also harms the rights and interests of existing shareholders. The consent of the majority of shareholders must be obtained.
However, Li Zaiyong believes that with his reasonable persuasion, the major shareholders will agree to this plan.
In the next few days, Li Zaiyong began to rush for the additional stock issuance in the Korean trading market.
At the same time, Su Yang also came to the headquarters of Sansang Group again.
Arriving at the headquarters of the Sansang Group, Su Yang looked at the brightly lit building in front of him, and then his eyes narrowed. The chain of fate of the Sansang Group appeared again, running through the world like a vast galaxy.
This chain of destiny was solid in the past and present, but its future end is half illusory and half solid.
Su Yang held the last section of the solidification section in his hand, and then checked what had just happened during this period.
Finally, he nodded silently and left the Sansang headquarters.
Two days later, Jiadian Group and Tengxun Group jointly announced that they would use a cash premium worth 20 billion yuan to purchase approximately 3.7% of the shares of Sanzang Electronics and Sanzang Products held by all subsidiaries of Tengxun Group.
So this time, even though Jiadian Group did not raise a banner, the market knows that Jiadian Group is not far away from raising a banner next time.
After signing the agreement with Tengxun Group, Xiao Ma specifically called Su Yang and expressed his apology, saying that he felt a little sorry for Su Yang: because the time was too short, the shares he acquired did not meet Su Yang's requirements.
.
Su Yang comforted him a little. After all, letting Tengxun acquire 4 shares was an ideal thing in itself. The stock price changes every day, and the situation changes all the time. No one can predict every step. So there is a small
Frustration is also normal.
What's more, Su Yang didn't actually encounter a setback, because he had already initially completed his plan.
Including the shares held by Tengxun, Su Yang already owns 19.2% of Sansang Group's shares.
Moreover, the shares of all subsidiaries are owned by more than 19%.
In addition, Hermes Fund took advantage of the fluctuations in Sansang Group's stock price to absorb a lot of shares regardless of cost, and now owns almost 1.5 shares.
In a sense, Su Yang can actually raise the card for the fourth time.
It's just that he didn't raise the sign in order not to provoke the three mourners to jump over the wall.
Because what Su Yang has to do now is to drive Sansang to a dead end, but at the same time give it a glimmer of hope and let it bury him with his own hands...
...
Sure enough, because Su Yang was getting more and more anxious, Sansang Group was also a little panicked. Especially the equity transfer agreement reached with Tengxun made everyone in Sansang Group unclear about how many trump cards Su Yang held.
Therefore, while they lobbied the Blue House to demand targeted protection of the Samang Group, they also sent plans to major shareholders to issue additional shares in Goryeo.
For this plan, Li Zaiyong personally flew to Magnesium to interview the presidents of several major banks and investment banks, asking for their support.
After all, although this plan has lost some profits, it no longer requires major financial companies to spend money. In some respects, it is a good way to solve this problem.
However, what Li Zaiyong did not expect was that the major banks that held the shares of Sansang Group were a bit ambiguous about this plan. They did not express any obvious opposition, but they did not support it either. They only said that they would consider it. And they hoped that Li Zaiyong would not
in a hurry.
Li Zaiyong didn't want to be in a hurry, but things were urgent now. If he didn't take action, Su Yang would launch a general offensive.
You must know that as long as you hold more than 30% of the shares of a listed company, you can be regarded as a controlling shareholder. You can directly convene a shareholders' meeting and re-elect the board of directors.
The shareholders' meeting is different from the board of directors. The board of directors counts votes based on seats. There are as many votes as there are people. When voting on matters, every vote is equal.
However, the votes at the shareholders' meeting are calculated based on the proportion of shares. As long as shareholders holding more than 50 shares vote to support the reorganization of the board of directors, the board of directors will be reorganized.
And if Su Yang holds 30% of the shares, plus the Airlot Management Company and Europe's largest pension fund Sab, which previously requested the reorganization of Sansang's board of directors, as long as he gets the support of a few more major shareholders, it is very likely to exceed
half.
Therefore, 30 shares is the life or death line.
We must not let Su Yang break through!
Under this kind of pressure, Li Zaiyong could only visit the offices of the presidents of several major banks and investment banks every two days. Although he did not say it explicitly, he used actions to remind them to pass the plan as soon as possible.
But things did not develop as Li Zaiyong thought. After deliberating for almost three days, several major banks finally rejected Li Zaiyong's proposal to issue additional shares.
Several major banks and investment banks believe that the issuance of additional shares by Sansang Group in the Korean stock market will dilute the shares of Sansang Group held by their own companies, which will reduce Sansang Group's contribution to the performance of several major banks and dilute profits.
This is a plan that harms their own interests, and it is impossible for them to accept it.
Of course, it’s not like they didn’t agree with the conditions: they required Sansang Group to first use the group’s funds to buy back Sansang Group’s shares in Magnesium Stock, and then issue new shares in Korea.
In this way, there will be fewer shares of Sansang Group on the Magnesium stock market, and more shares of Sansang Group on the Korean stock market. The total amount will remain unchanged, which can not only prevent Su Yang from further grabbing Sansang Group's shares in the Magnesium stock market, but also
This can avoid damaging the interests of existing shareholders.
And after receiving replies from several major banks, Li Zaiyong went crazy!
At this time, do you still care about a little loss of profits?!
When Su Yang takes over the Sansang Group and the collective liquidation comes, you will have nothing!
As for the plan to first buy back shares in the magnesium stock market and then issue additional shares in the Korean stock market, it is even more nonsense!
To be fair, this plan is completely feasible and logical.
But the problem is!
The current situation is special! How could Jiadian Group give itself time to repurchase first and then issue additional shares?
In particular, magnesium stocks are Su Yang's main battlefield. How much money has been deposited there? How could Li Zai Yong snatch so many shares from him!
This is a completely impossible task!
But what Li Zairong didn't know was that long before he came to Magnesia, Zhao Licheng had visited several major banks and investment banks with Su Yang's handwritten letters, and then had a confidential conversation...