When Hengchang Holdings learned that someone was trying to grab China and Pakistan's bargaining chip, it officially made the acquisition a priority.
On February 1, Peregrine, the financial company representing Hengchang Holdings, officially announced that Hengchang Holdings will fully acquire China-Brazil Company at a price of 23.5 yuan per share (a premium of 28%). Hengchang Holdings currently holds 23.8%
.
In fact, compared to the hostile takeover of the TVB company by Guo Huonian's Kerry Company at about the same time, a CMB is nothing. After all, TVB is a star company in Hong Kong and is more influential than a listed company with a market value of tens of billions.
Although it is currently completely defeated by ATV.
However, behind Hengchang Holdings is New Era Group, and behind New Era Group is Lin Zuhui; in this way, the public's attention was instantly diverted.
For a time, public opinion was shaken, and citizens competed to discuss it.
"Lin Sheng did a great job. The service of CMB is really bad. After working overtime at night and getting ready to get off work, the bus is never sent."
"Yes, the Yan family is not interested in the bus business at all and has no original intention of serving."
"To improve the traffic environment in Hong Kong, Lin Sheng is simply our idol!"
With rave reviews, Lam Cho-fai really doesn't want other real estate developers to be "notorious". He is not called the "idol" of Hong Kong people for nothing.
Of course, some people retorted:
"The capitalists have such good intentions. Lin Zuhui has already monopolized the media, clothing retail, real estate and construction in Xiangjiang. Now he just wants to get involved in the bus business!"
However, this malicious speculation is somewhat untenable.
"As you said, since you are the owner of a listed company, you must of course be responsible for your shareholders, so New Era Group will definitely make money when it enters the bus field. However, everyone knows how bad the service and hardware of CMB are, and Jiujiu
Bus and Citybus are completely incomparable. Therefore, I believe there will be improvements if big companies take over the management."
"That's right, it can't get any worse. Lin Sheng is a good-looking person! Besides, Lin Sheng donates more than 500 million Hong Kong dollars every year. Do you think he doesn't care about his reputation?"
In short, positive public opinion far outweighs negative public opinion.
The citizens of Xiangjiang are suffering a lot!
The media were very resourceful and soon received news that the founder of CMB was so frightened when he heard that the company had been taken over by a hostile takeover that he was admitted to the Sanatorium and Hospital to save his life.
For a time, the Yan family became a joke.
The matter is not over yet. After Hengchang Holdings officially announced the acquisition, Chinese and Brazilian laborers were dissatisfied with the low wages and planned a strike for two days, almost making a big mistake.
Then, the China-Brazil board of directors led by the Yan family did not negotiate with China-Brazil's labor immediately, and was described by the media as a mess. Fortunately, Hengchang Holdings sent senior officials to mediate, saying that once the acquisition was completed, salary increases for China-Brazil employees were inevitable.
of.
Hengchang Holdings has even announced a "victory" in the media, talking about the new policies after the acquisition of China and Pakistan: purchasing new buses, improving management systems and employee benefits, introducing the UK's largest ground transportation organization First Group to carry out modernization reforms...
.
Public opinion was in an uproar, and Hengchang Holdings did not take the Yan family seriously at all, and had already declared "victory." However, citizens and CMB workers expressed their support for Hengchang Holdings to replace the Yan family and take over the China Bus Company.
........
Sanatorium and Hospital.
Yan Chengkun regretted that he had agreed to the Lao Shizi's "Octopus" smart card experiment if he had known earlier, and it would not have put even China Bus in crisis.
"How about it? Have you launched a counter-takeover? You must keep China Bus. That is the country I have worked so hard to build."
Yan Jieling hesitated and said: "The counter-takeover requires 800 million Hong Kong dollars in cash, and we can't get it right away!"
Yan Chengkun was so angry that he vomited blood. It was impossible for the Yan family to come up with such a large amount of cash right away. The Yan family was indeed wealthy, but they were all fixed assets. One to two hundred million in cash was not much.
"Chaozhou people are the most united among the Chaozhou fellows who are looking for me. I am the permanent honorary president of the Chaozhou Chamber of Commerce. They will not fail to give me face!"
Henry Yan immediately said: "Baba, that's Lao Huangli. Now that Lin Zuhui is in power, those people are avoiding us. Even if they see us, they express their embarrassment. After all, it is a losing business."
The premium is 30% or even higher. The small and medium-sized wealthy people in Xiangjiang say they are not stupid and will not be taken advantage of.
The rich will not get involved in this kind of acquisition war. The big fish eats the small fish, and the small fish eats the shrimp. This is the rule of the shopping mall.
What's more, this time everyone has seen how favorable public opinion is towards New Era Group. How dare you offend the world!
Yan Chengkun was very angry, but in order to save his life, he could only control his emotions. He hoped to live past 100 years old and live beyond the millennium.
"I don't care about you little beasts anymore, don't bother me!" Finally, Yan Chengkun understood.
It was somewhat embarrassing for a man in his sixties to be called a 'little beast', but the three Yan siblings seemed to be relieved.
Of course they want to keep China-Pakistan Company, but if they don't, they are more afraid of their father scolding the three of them. Therefore, now that Baba is no longer involved in this matter, the three of them have no worries. Whether to fight back or give up, the three of them can decide on their own.
It’s up to you.
.......
Cheung Kong Industrial Group.
Li Zeju also had his own views on the recent heated takeover war between China and Pakistan, and couldn't help but said to Li Chaoren: "Lin Zuhui is already the richest man in the world, and he is not afraid of losing his dignity by conducting such a high-profile 'hostile acquisition' of China and Brazil."
and word of mouth.”
Li Chaoren looked at his eldest son and showed a hint of satisfaction on his face, because he knew how to keep a low profile. In recent years, public opinion in Hong Kong has not been very friendly to real estate developers, so he often taught his son to keep a low profile. (ps: As everyone knows, the Thief King of the Century is already here.
Following Li Zeju.)
However, Li Chaoren continued to educate: "You only saw the surface. In fact, if you look at it, the current public opinion is even more unfavorable to the Yan family. Hengchang Holdings' hostile acquisition of China-Brazil Company is like 'eliminating the people for the sake of the people'."
The harm is the same. So, Lin Zuhui is still worried about his reputation and has done a lot of work beforehand."
This chapter is not over yet, please click on the next page to continue reading! Hearing this, Li Zeju said angrily: "Back then, my brother quietly agreed to sell Satellite TV to Lin Zuhui, but little did he know that it was to allow Lin Zuhui to completely control the public opinion in Hong Kong."
Of course Li Chaoren also knew this. If Lin Zuhui had talked to him directly back then, he would have definitely found a way to refuse. After all, Lin Zuhui monopolized public opinion in Hong Kong so powerfully.
"That's what's great about him. He knew that your brother wanted to start his own business, so he invited Zekai alone to his yacht to talk. After your brother agreed, we couldn't refuse anymore. This is not conducive to family unity. Morally
It is also untenable. Therefore, as young people, you should learn more. Although it is important to be upright in the shopping mall, the shopping mall itself is also a battlefield, so you must be more strategic."
"Yes, father!"
.......
Over the weekend, the Yan family did not announce a counter-takeover. For a while, public opinion was negative on the Yan family, predicting that they would not be able to launch a counter-takeover. Under such public opinion, it is expected that the winner or loser will be decided next week.
Of course, many CMB stockholders scolded the Yan family for being as timid as mice; when facing Bailibao, they even knew how to recruit allies to fight back, but now they are so timid when facing Hengchang Holdings.
In fact, only the Yan family knows the situation. Assuming that the Yan family launches a counter-takeover, once its shareholding exceeds 35%, it is logical that it will launch a full acquisition. Therefore, 800 million Hong Kong dollars only guarantees that it will have the power to fight.
Yan's company has reached the full acquisition line and will need to pay 2 to 3 billion Hong Kong dollars in cash.
This is also the reason why no one wants to wade into troubled waters. After all, if it is sentenced to "acting in concert", it will also require a full acquisition.
........
February 5th, Monday.
Winning CMB has become a foregone conclusion. With the financial resources of the Yan family, it is impossible to launch a counter-takeover, especially if it touches the consequences of the full line. For example, once the Yan family's shareholding reaches 35%, then Hengchang Holdings can go to the Stock Exchange to sue
, allowing the Yan family to fully acquire CMB.
Of course, what the Yan family fears most is that Hengchang Holdings will sell all its shares to them at the highest price in the past six months, and they will have to buy it at that time.
Vice versa, if Hengchang Holdings holds more than 35% of the shares, Yan can also sell his shares to Hengchang Holdings.
Of course, in Lin Zuhui's view, China and Brazil must maintain its listing status, so if the shares exceed 90%, Hengchang Holdings can also allocate to other investors through banks to ensure its listing status. This, for Hengchang Holdings
not a problem.
In the morning, Liang Zhenxun came to Lin Zuhui's office and said: "Boss, the price of gold in New York has risen to US$418 per ounce."
Lin Zuhui did not panic. He started buying at US$401 per ounce, and then bought above US$410. The average price was almost US$407 per ounce. If he wanted to liquidate his position, gold would have to rise to at least US$430 per ounce.
"Well, if it rises to 420 US dollars per ounce, we will add another 50 million US dollars. I am bearish on gold. The reason for this surge in gold has been analyzed. It is not a political or economic event. It is purely someone pushing it up. Since
In this way, the fall of gold is inevitable, and don’t forget that central banks of various countries are already selling gold.”
Liang Zhenxun nodded and said: "The Belgian Central Bank sold 150 tons of gold in the first ten months of last year. However, is it possible that central banks of various countries are powerless to prevent the rise of gold?"
The reasons are very complicated, but Lin Zuhui is a person with past life memories. Gold fell sharply in the late 1990s, which was a trend.
"Short selling is the right thing to do, but thinking too much about it will affect your investment thinking."
Yang Zhenxun immediately said: "The boss is right!" Based on the boss's view of the general trend, it seems that he has not yet been defeated. He bought Sony at the end of 1994, made a slight mistake, but immediately changed direction and made a lot of money after the Hanshin Earthquake.
.
Today, Sony's stock price has risen by more than 20% in half a year, and the situation is excellent.
After Liang Zhenxun left, Lin Zuhui frowned slightly, mainly because he didn't know how much gold would rise. Currently, New Era has bought US$3 billion in gold futures today, and Hengjin Investment has bought US$6 billion in gold futures (both
20 times leverage), has become a big speculator in gold futures.
Therefore, if the price suddenly rises by more than 4% in a single day, then his position will be liquidated and it will be too late to cover the position.
In fact.
On that day, after gold had climbed to US$418 per ounce, major fund companies immediately prepared to cash out their positions and invest their funds in the US stock market. As for the little crocodiles in Asia, they were not wrong.
........
Three days later, Hengchang Holdings announced that it had acquired 76% of China-Brazil shares, winning the acquisition.
There are still 10 days left before the acquisition deadline, so Hengchang Holdings is still continuing to acquire. However, at this time, China-Brazil stocks on the market have increased by more than 40% compared with before the acquisition, so for some investors, there is a high probability that they will not choose
Hand over your chips.
In other words, CMB will still maintain its listed status (less than 90%) of its shares.
Yuan Tianfan came to Lin Zuhui's office and reported the specific acquisition situation. New Era Group spent about 2.8 billion, and the price was acceptable.
"Send management to take over CMB, and the bus business promised to the public must be carried out perfectly. CMB owns real estate projects, and we will not sell them for the time being until we have reorganized the company."
"Okay, I know!"
The large number of real estate projects in China and Brazil will prevent Hengchang Holdings from losing money this time, and can even make a huge profit. After all, real estate is about to rise by more than 50%, so why worry about not being able to recover the cost!
Therefore, at the end of the year, I am afraid that the Yan family will regret it greatly. If they had known that the real estate situation was such a good situation, even if they did not launch a counter-takeover, they could have raised the stock price before taking action.
Of course, this is all hindsight.
........
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Sanatorium and Hospital.
As the chairman of China-Brazil Company, Yuan Tianfan watched Yan Chengkun, the founder of China-Pakistan Company. Fortunately, Yan Chengkun is now 95 years old, and he wants to live to be 100 years old, so he did not stand up and beat anyone.
After going through the simple formalities, Yuan Tianfan left the Sanatorium and Hospital accompanied by several new executives from China and Pakistan.
"A wolf's ambition leads to a young man's ambition..." Yan Chengkun couldn't help but cursed behind his back.
Yan Jieling hurriedly patted her father on the back and persuaded: "Old Ba, we have received more than one billion in cash, so it is not a loss!"
Yan Chengkun immediately showed his dignity and said: "I'm not dead yet, and you want to divide the family property?"
"Don't dare"
"Captain calm down, we are just asking you for instructions on what to do?"
Yan Chengkun breathed a sigh of relief and then said: "Since we are engaged in real estate, we will set up a real estate company and continue to invest all the funds in real estate in Xiangjiang. I will be the chairman of the company, and you three sisters and brothers will work together to manage this company."
The company will always be yours from now on!"
The three siblings quickly expressed their opinions. They were somewhat slanderous in their hearts, and they still wanted to live under the authority of the old man. In the opinion of the three of them, it was best to separate, and then everyone would set up a real estate company and take care of it separately.
At this point, the three of them had no choice but to obey orders.
As everyone knows, due to the Yan family's excessive pursuit of high real estate prices, they suffered heavy losses during the Asian financial crisis. Of course, this is a story for another day and will not be discussed for now.
After all, once you change your destiny, you will either go in a good direction or in a bad direction. If this incident had not happened, the existing real estate projects in China and Pakistan could have been sold before the financial crisis and obtained a large amount of cash flow.
Even if the financial crisis comes, CMB will survive the difficulties because it has sufficient cash. ps: You know, in the previous life, CMB achieved a profit cash flow of HK$800 million in 1997, and the bus business only accounted for 25% of the profit.
.......
Although Hengchang Holdings won the China-Pakistan acquisition war perfectly, media opinions persisted. They did not expect that the Yan family would give up China-Pakistan so easily. This was completely different from the behavior of Bailibao during the hostile takeover.
"In the face of powerful strength, the Yan family is vulnerable!"
Of course, after Hengchang Holdings acquired CMB, it immediately raised wages by 15% for workers, which also received a lot of praise.