At four o'clock in the afternoon, the Hong Kong stock market closed.
Dairy Farm closed at HK$196 per share, HK$56 higher than Friday's closing price, an increase of 28.6%.
Although Land's price was not as high as that of Dairy Farm, it also rose by HK$9 throughout the day, closing at HK$104 per share, an increase of 9%.
Not only that, this acquisition war also drove the Hang Seng Index to rise by 43.67 points, closing at 613.66 points, an increase of 7.5%.
On that day, the total transaction volume of the four stock exchanges of the Hong Kong Stock Exchange, the Far Eastern Society, the Gold and Silver Society, and the Kowloon Society reached HK$443 million, setting a record high!
However, Chu Huan did not take action today. Apart from going to Cao Wenjin and asking Cao Wenjin to help him contact the top bosses, Chu Huan returned to his idle appearance.
In the evening, Chu Huan and Cao Yunshang were sitting at Yongji having dinner.
"Do you regret it? If you sell today, you can earn nearly 20 million Hong Kong dollars from the stocks in your hand."
Cao Yunshang lived in a daze today. She grew up beside her father, which made her very sensitive to things in the business world.
But perhaps due to the influence of Cao Wenjin, Cao Yunshang's business philosophy tends to be conservative, and he also focuses on long-term investment.
But now Chu Huan's behavior has subverted all her previous imaginations... This is the second time. The last time was when Chu Huan sniped at Tianhua toys.
As for Chu Huan's behavior in North America, Cao Yunshang did not witness it with his own eyes, so there was no psychological fluctuation.
In just one day, Chu Huan made more money than some listed companies make in a year.
This situation had to make Cao Yunshang feel incredible.
"There is nothing to regret. I have been planning for so long, how could I sell my stocks before they have doubled!"
Chu Huan said with a smile.
Cao Yunshang nodded. She knew Chu Huan's personality very well. When Chu Huan wanted to get a loan from the bank and had to do this, Cao Yunshang could already see how serious Chu Huan was about this matter.
"To be honest, if I were just an ordinary stock investor, I would be tempted by Land Land publishing the reasons for the acquisition in the newspaper!"
Cao Yunshang thought of what was published in the newspaper before.
Today, Land not only published a statement on its intention to acquire the milk company in major newspapers in Hong Kong, but also included a reason for the acquisition.
The Board of Directors of Land Corporation firmly believes that, for the sake of the interests of shareholders, Land Corporation should strengthen and expand its existing strong hotel and catering industries.
The proposed merger with Dairy Farm will be a further step consistent with this policy.
The interests of the executives and employees of the dairy company are protected, and their future prospects will be brighter by joining the expanded group.
It will also be the group's policy to maintain the independent and self-contained status and quality of the dairy company.
The combined hotel, restaurant and food group will become one of the most important groups of its kind in the Pacific region.
It will provide shareholders of both parties with the opportunity to participate in a decentralized but connected group whose resources are invested in three of the fastest growing industries in the region - real estate, entertainment and catering.
The enhanced financial strength of the above-mentioned groups will allow the dairy company to expand its business in due course.
Land Corporation has always been recognized as a well-run real estate professional institution, which is sufficient to help Dairy Farm's remaining real estate properties achieve beneficial long-term development.
The geographical distribution of the institutions in which both groups own equity and the respective positions they have established in each region will enhance the status of both parties' ability to develop business in a wide area.
In this explanation of the reasons for the acquisition, Land described to the shareholders of the Dairy Company the long-term prospects of the comprehensive large-scale enterprise group formed after the merger of the two companies. It also particularly emphasized the importance of Land, as an old professional real estate company, in the development of the remaining real estate properties of the Dairy Company.
The advantages.
Finally, Land said: "The board of directors confirms that the proposed equity merger is extremely beneficial to the shareholders of both parties."
In order to enhance the attractiveness of the share exchange proposal to Dairy Farm shareholders, Land has also hired a professional company to revalue its assets. The asset value of each share of Land is HK$28, and the company's total assets exceed HK$1.75 billion.
At the same time, Land also promised its shareholders that it would pay a dividend of no less than HK$1.2 in 1972, an increase of 26% over the previous year, a dividend of HK$1.5 in 1973, an increase of 25%, and a dividend of HK$2.02 in 1974, an increase of 35%.
It is precisely because of this acquisition that many people who hold dairy company stocks are full of longing for the future, and the stock prices of the two companies have soared.
"This is just the beginning. More exciting things are yet to come. Just wait and see. The stock prices of the two companies will definitely soar in the future."
Cao Yunshang no longer had any objections to Chu Huan's speculation.
"I'm just a little surprised. Now that a day has passed, why is there no reaction at all from the dairy company to the acquisition of Land!"
This morning, major newspapers in Hong Kong published a statement about Land's acquisition of the Dairy Farm, but the subsequent reaction of the Dairy Farm was quite intriguing, because the Dairy Farm did not have any reaction to the acquisition announcement.
"When you sniped at Tianhua Toys for the second time, Qin Shihong held a press conference that day. Whether it was Zhou Xinian, Qi Dezun, John Madden, or Curran, they were no worse than Qin Shihong, or even better than Qin Shihong.
Qin Shihong is even more powerful!"
Qi Dezun, Hutchison International, one of the four major British-funded consortiums in Hong Kong!
John Madden Hong Kong's four major British-funded consortium Wheelock Taipan!
Executive Director and General Manager of Curran Milk Company!
Plus Zhou Xinian, chairman of the board of directors of a dairy company who plays an important role in Hong Kong!
With such a luxurious lineup, Cao Yunshang couldn't figure out why they didn't react even after a day passed.
This chapter is not over, please click on the next page to continue reading! Let’s say they want to publish a statement in the newspaper. It is impossible for a newspaper to issue it today, but they can also hold a press conference or even make a statement on TV.
, if it doesn’t work, you can also ask the newspaper company to print additional newspapers!
Only the current situation makes Cao Yunshang very puzzled!
Chu Huan smiled and said: "You have said it, there are so many people, who do you listen to? I think they are still quarreling at this time!"
In fact, Chu Huan's guess was not wrong at all. At this time, Zhou Xinian and others were indeed quarreling together, and they had been quarreling all afternoon.
But even so, there was still no result.
That night, when these people separated, it was already after nine o'clock in the evening.
55-year-old Qi Dezun got into his silver Rolls-Royce and left the milk company with a gloomy look.
At this time, Qi Dezun was very angry. He didn't understand why these people didn't listen to him and why they didn't dare to fight with Yihe.
Although Jardine is the largest financial group in Hong Kong after HSBC, together they are no worse than Jardine, so Qi Dezun believes that this fight can be fought.
As long as they can successfully avoid being acquired by Jardine Matheson, Hutchison International will hopefully surpass Jardine Matheson in the future!
"Hmph, these people have their own agendas. It's going to be difficult to defeat Yihe!"
Qi Dezun thought angrily.
"No matter what, we still have to convince them tomorrow. Even if they want to surrender, they have to show Yihe their power. Only in this way can they get the maximum benefit!"
Qi Dezun knew that he had no way to fight against the entire board of directors of the dairy company. If he had known that Jardine was trying to take advantage of the dairy company, he should have purchased more shares of the dairy company!
Qi Dezun was in a bad mood, and Zhou Xinian's mood was quite complicated at this time. If he were more than ten years younger, Zhou Xinian would never have such complicated thoughts as he does now. Although Yihe is powerful, he is not a persimmon that others can easily pinch.
Unfortunately, Zhou Xinian was already 69 years old at this time and had long passed the age of ambition.
Zhou Xinian's mood is complicated, not because he has decided to give up the milk company, but because he wants to fight but is worried, and wants to lose but is unwilling to give up!
In such a complicated mood, Zhou Xinian returned to his home.
"Sir, a Malaysian businessman named Guo Henian just called you and said that he is your junior and wants to visit you before you go to work tomorrow!"
After seeing Zhou Xinian, the servants of the Zhou family immediately told Zhou Xinian what happened at home today!
"Guo Henian?" Zhou Xinian thought for a moment and said to himself: "Why did he come to Xiangjiang?"
Although he had doubts in his heart, Zhou Xinian still said: "I understand."
The next day!
Zhou Xinian, who has passed the bedridden age, gets up early. Like many wealthy people in Hong Kong, after getting up early, Zhou Xinian likes to do a set of Tai Chi to maintain his health.
However, Zhou Xinian obviously couldn't finish a whole set of boxing skills today. Not long after he started, Guo Henian, dressed in a suit, led by servants of the Zhou family, came to the garden of Zhou Xinian's villa.
"Sir, Mr. Guo is here!"
After saying that, he handed Zhou Xinian a towel.
Zhou Xinian wiped the sweat from his face and chatted with Guo Henian: "You haven't been to Xiangjiang for a while. Why are you here today?"
Guo Henian looks a bit thin, and with thick eyebrows and big eyes, it can be seen that he must have been a handsome guy when he was young.
"Mr. Zhou, I'm afraid now the whole of Southeast Asia knows about the anti-takeover and acquisition war between your milk company and Land!" Guo Henian said with a relaxed expression.
Zhou Xinian smiled bitterly and said: "It's not my milk company, I'm just the chairman of the board of directors of the milk company!"
After a pause, Zhou Xinian looked at Guo Henian and asked: "I just didn't expect you to be the lobbyist hired by Land. When did you, Guo Henian, have such a good relationship with Land?"
At this time Zhou Xinian also wanted to understand that at such a sensitive moment, Guo Henian, who rarely came to Xiangjiang and even rarely appeared in public, came to see him at this time.
He couldn't think of anything else other than the 'Bull War', which was jokingly called by outsiders.
Since he came for the 'Bull War' and no one from his side invited Guo Henian, then Guo Henian could only come for the land purchase.
Guo Henian waved his hand and said with a smile: "Mr. Zhou, please don't ridicule me. Even if Real Estate wants to hire a lobbyist, it won't be able to find me. But I am really here for the 'Bull War' this time."
!”
Doubts arose in Zhou Xinian's heart. He was not a lobbyist hired by Land Land, nor was he a helper from their milk company. So what was Guo Henian doing?
"Let's make it clearer. Now that I'm older, my brain isn't as good as before."
Guo Henian did not play charades with Zhou Xinian, but said directly: "The thing is like this, one of my nephews owns 190,000 shares of the dairy company. He asked me to ask Mr. Zhou if you are interested in acquiring these 190,000 shares."
How about using it as a means to fight against Land?"
Zhou Xinian was shocked in his heart. Although 190,000 shares were not many for the entire milk company to issue shares, if he could suddenly get these 190,000 shares in his hands at this time, then his voice in the board of directors would be huge.
It's no different.
Zhou Xinian had to admit that he was a little moved at this time.
So Zhou Xinian asked tentatively: "So which of your nephews is going to sell it at what price?"
Guo Henian laughed and said: "Not much, 270 Hong Kong dollars per share!"
Zhou Xinian waved his hands directly and said: "This price is impossible. When the market closed yesterday, the milk company's share price was only 188 Hong Kong dollars per share. Now he has directly increased the price by so much. No one in Hong Kong will buy it!"
Guo Henian said indifferently: "Mr. Zhou, at this moment, I think that even if there are various voices on the board of directors of your milk company, no matter what, you can't be so willing to give the milk company to
Real estate?
Since this is the case, you and I both understand that HK$188 is definitely not the highest point of the dairy company’s share price!”
Zhou Xinian still waved his hand and said: "That's too high. Which of your nephews is like a lion? He should know that even if we really get his 190,000 shares, what role will he play in this acquisition war?"
The effect is also limited!"
Guo Henian then tried some more words of persuasion, but Zhou Xinian refused to agree to anything. In the end, he even lowered the price with Guo Henian to buy the 190,000 shares of the dairy company at a price of HK$135!
After hearing this, Guo Henian knew that it was impossible to reach an agreement with Zhou Xinian.
"If that's the case, then I won't nag Mr. Zhou!"
Guo Henian stood up and prepared to leave.
Zhou Xinian finally said: "Happy New Year, for the sake of our acquaintance, if your nephew sells the stocks in his hands, please tell me in advance!"
Guo Henian nodded and said, "That's natural."
Although 190,000 shares are not many, if he could know where these 190,000 shares had gone at the first time, Zhou Xinian would be able to have an idea of what happened.
After Guo Henian left the Zhou family, Zhou Xinian immediately changed his clothes and went to the milk company.
This news must be known to the entire milk company board of directors as soon as possible.
At the same time, Zhou Xinian also needs to know their thoughts.
After Guo Henian left the Zhou family, he got into his own car, but it was Cao Wenjin's confidant Zhongbo who drove him.
"Mr. Guo, I'm already waiting for you at the hotel!"
At this time, Guo Henian had not yet settled in Xiangjiang, and naturally he had not purchased any property in Xiangjiang!
In fact, after Guo Henian moved to Xiangjiang, the place he lived most was his Shangri-La Hotel, not at home.
Arriving at the hotel, Cao Wenjin was already waiting for Guo Henian in the suite. Naturally, Chu Huan and Cao Yunshang were with Cao Wenjin.
"Brother Guo, I'm troubling you this time!"
After meeting Guo Henian, Cao Wenjin smiled and preached.
Cao Wenjin is two years younger than Guo Henian!
Guo Henian smiled and waved his hand and said: "It's no trouble. I'm also very interested in this acquisition battle. I also want to see whether Land will win or the cows will fight back!"
Cao Wenjin asked: "Then what do you think now?"
Guo Henian sighed and said: "Zhou Xinian is old, and the milk company is now as old as Zhou Xinian!"
Obviously, Guo Henian is not optimistic about the dairy company this time.
Cao Wenjin laughed and said: "By the way, I haven't introduced you yet. This is Chu Huan from the black and white image. Next to him is Yun Shang, so I don't need to introduce him!"
Cao Yunshang said sweetly: "Uncle Guo!"
Guo Henian laughed and said, "Yun Shang is getting more and more beautiful."
Cao Yunshang said coquettishly: "Uncle Guo has always been beautiful, okay?"
"Okay, okay, Uncle Guo made a mistake!"
Seeing that the two people's greetings were over, Chu Huan smiled and said: "Uncle Guo, I'm going to trouble you this time!"
When looking at Chu Huan, Guo Henian showed admiration in his eyes and said: "Chu Huan, a rising star in Xiangjiang, I have heard your name in Malaysia. The last time you went to Malaysia, Wen Jin specially gave you
I called you, but you didn't come to see me, what's the matter? Do you look down on you, Uncle Guo? "
Chu Huan quickly smiled and said: "How could it be possible? I know that Uncle Guo is busy with affairs, and I'm just afraid that it will delay Uncle Guo's work!"
"Haha!" Guo Henian laughed loudly and said: "I finally saw your ability to do business. You were able to get 190,000 shares of the dairy company without anyone being prepared. This ability is among the younger generation.
, I haven't seen it yet.
Now I finally know why you can catch up with Yun Shang, you are really good at talking!"
"Uncle Guo is joking!" Chu Huan said.
Cao Wenjin said from the side: "Okay, let's end the greetings here. You just went to see Zhou Xinian, what did he say?"
Guo Henian did not answer Cao Wenjin immediately, but looked at Chu Huan and asked: "Ah Huan, since you have such a good eye for business, how should Zhou Xinian answer me?"
Chu Huan thought for a moment and said, "Uncle Guo just said that Zhou Xinian is old. It seems that the other party doesn't want to take the risk!"
Guo Henian nodded appreciatively and said: "That's true. Although Zhou Xinian was a little interested in the stocks in your hands, he couldn't accept your asking price, and you didn't want to lower the price, so in the end Zhou Xinian gave up.
A chance to get those 190,000 shares!”
Cao Wenjin said: "It is indeed Zhou Xi's character in doing things in recent years. 190,000 shares, 270 Hong Kong dollars per share, require 51.3 million Hong Kong dollars. If the milk company cannot keep it, he will wait for the milk company's stock price to fall back to the normal level.
You have to pay for it!”
Guo Henian nodded, looked at Chu Huan again and asked: "Ah Huan, have you already guessed Zhou Xinian's decision? Why didn't you see a disappointed expression on your face?"
Chu Huan said: "I'm not disappointed. In any case, there is definitely no shortage of buyers for the 190,000 shares of the milk company in my hand. If it doesn't work, I can just throw it on the stock market, although this will cause the stock price to suffer some decline."
, but not too much less!”
"Selling it to Zhou Xinian, or selling it to others, is just to end this matter quickly!"
After hearing Chu Huan's explanation, both Zhou Xinian and Cao Wenjin showed admiration.
"Among young people, there are very few who can be as calm as you about this kind of thing!" Guo Henian sighed again.
Cao Wenjin showed a meaningful expression and said: "Now that the bait has been thrown out, let's see which fish takes the bait!"
Chu Huan and others nodded.
Guo Henian said: "Zhou Xinian should have arrived at the milk company by this time. I think he will talk about this matter at the board meeting."
Speaking of this, Guo Henian looked at Chu Huan again. Guo Henian really admired Chu Huan's current performance. It was precisely because of this that he wanted to see how Chu Huan viewed this matter.
This chapter is not over yet, please click on the next page to continue reading! "Ah Huan, who do you think will buy these 190,000 shares in your hands in the end?"
Chu Huan smiled bitterly and shook his head: "I can't guess this. It might be Qi Dezun, it might be John Madden, of course it might be Henry Keswick, or even the entire milk company. At this time, it's like Uncle Cao said
Like that, see which fish takes the bait first!"
Guo Henian was not disappointed that Chu Huan did not give an accurate answer. As Chu Huan said, no one could guess who could not help but come to him first at this time.
...
The next day in Hong Kong, the whole people were still paying attention to the "Bull War".
But to the surprise of the whole Hong Kong, the milk company has not responded so far, which has also disappointed many investors who hold milk companies.
Whether you agree to Land's acquisition or reject Land's acquisition, you always have to give an answer.
But the milk company's response was really slow.
After coming out of the hotel, Chu Huan and Cao Yunshang returned to Fengwu Securities. Looking at the milk company's stocks that were still on sale, Chu Huan also felt quite absurd.
If an acquisition like this is put forward a few years later, according to Hong Kong's laws, the milk company will be suspended from trading, but it has not happened now.
Moreover, the stock price of the Milk Company could not rise at the same rate as yesterday. As of the market close in the afternoon, the highest single stock price of the Milk Company that day was only close to HK$200.
However, Chu Huan is not worried at all about the current situation. At this time, Xiangjiang's securities market is not mature, and such performance is just normal.
Now Chu Huan is waiting. As long as new news comes out to stimulate the market, the stock prices of these two companies will soar again.
But what surprised Chu Huan was that as of tonight, no one had called Guo Henian to inquire about the stock!
"It seems that they are also waiting. Now it depends on who loses his composure first!"
Chu Huan just thought about it briefly and understood the reason. If today's news just got out, and someone rushed to find Guo Henian, he would only be at a disadvantage during the negotiation process!
Now anyone with a discerning eye knows that the current stock price of the Milk Company is obviously artificially high. When this takeover war ends in the future, no matter who loses or wins, the stock price of the Milk Company is bound to be cut in half.
By that time, the shares of the milk company in Chu Huan's hands would be worthless.
So the other party is waiting for Chu Huan to take the initiative to lower the price, but Chu Huan is actually not in a hurry at all. He has already said it before. The worst he can do is to sell the milk company when its stock price is the highest. In that case, Chu Huan may not be able to sell these products any better than he does now.
People earn less.
This is the benefit of knowing clearly how this matter is progressing.
So in the process of testing each other's psychological bottom line, the time came to November 2!
However, the entire territory of Hong Kong still has not received a response from the milk company. They are so calm. Their company is about to be acquired by others, and their board of directors are still having internal meetings and quarrels.
How can I have time to respond to people outside?
As for Land, there is no response. They are making a fortune in silence. Since the milk company does not respond, it will naturally make some people with fragile hearts feel that the milk company is ready to just lie down.
So they couldn't help their anxiety, took the lead in finding Land, and exchanged their milk company shares for Land's shares!
Land likes this, otherwise the two sides will quarrel with each other, which will only stimulate the market and push the milk company's stock price to a higher level!
The market response was clear.
Due to the lack of new news stimulation for two consecutive days, the stock price of the dairy company began to soften. Not only did it not increase, it also fell to the level of HK$191 per share at the close of the market!
Seeing this situation, Liu Zhiyuan became a little anxious.
"Master Huan, we have already made a lot of money. Why don't we sell our stocks as soon as the market opens tomorrow? If there is no reply from the milk company, the stock price will still fall!"
"By then, we will have lost more."
Chu Huan looked at the anxious Liu Zhiyuan and said with a smile: "How can you play stocks with such a poor psychological quality? Isn't the increase in stock prices normal?
Don’t worry, the milk company will not respond. If you give such a big piece of cake to others for free, do you think they are really willing to do so?"
Liu Zhiyuan was still a little worried and said: "But it has been three days now and there is still no response from the milk company. This is not normal!"
The company's equity distribution is so fragmented and power is not concentrated enough. In such an environment, it would be strange if the milk company responded quickly.
But at this time, Chu Huan was too lazy to explain to Liu Zhiyuan.
"I know what I know, you should go back first!"
Seeing what Chu Huan said, Liu Zhiyuan did not dare to say anything more and had no choice but to leave angrily.
"Liu Zhiyuan is just worried about you!" Cao Yunshang stood next to Chu Huan and said.
Chu Huan smiled and said: "I know, it's just that it's too troublesome to explain. I think the response from the milk company should be coming soon!"
Cao Yunshang nodded.
Sure enough, on the second day, when all the citizens in Hong Kong thought that the milk company would still have no response like the previous two days.
The milk company's response came so suddenly!
However, their response was not a direct rejection, but they stated that they would hire Lawson & Sons (London) Co., Ltd. as a consultant to study Land’s ‘takeover proposal’!