Chapter 203 China-Brazil’s listing and the acquisition of veto power
Our few days of Spring Festival holiday passed quickly.
For Yang Wendong, there is actually no difference between going to work and having a holiday. Unlike ordinary business owners who work hard, Yang Wendong is very relaxed when he knows the future economic development and changes.
As long as the strategic direction is correct and no serious business problems occur, the company can basically develop in its own direction.
The end of the month soon came, and Yang Wendong arrived at Hong Kong China Building very early, earlier than ordinary people go to work.
Also early were Zheng Zhijie of Changxing Real Estate and several trustworthy people around him.
"Good morning, Yang Sheng."
After Yang Wendong came to the conference room, Zheng Zhijie and his acquaintances hurriedly greeted him.
“Morning.” Yang Wendong smiled and nodded, and said, “Thank you all for coming so early, thank you for your hard work.”
“Yang Sheng is polite, this is what we should do. Zheng Zhijie said with a smile, and several people nearby also echoed.
After Yang Wendong sat down, Zheng Zhijie said again: "Yang Sheng, we have reached a cooperation agreement with Standard Chartered Bank. After CMB is listed today, they will purchase idle CMB stocks in the stock market for us."
< br>"Can we ensure that they will keep it absolutely confidential?" Yang Wendong asked rhetorically.
Zheng Zhijie said: "No problem, we have signed an agreement, and Standard Chartered, HSBC, Yili and even some Chinese banks or financial companies will also serve many other Hong Kong companies.
If the cooperation is leaked Even if it is not intentional, it will be a huge loss of goodwill for them."
"Okay." Yang Wendong nodded and said, "Then wait for CMB to go public. How many shares will they release? ”
Zheng Zhijie said: "According to the public information from the Hong Kong Stock Exchange, CMB's shares total 1 million shares, priced at HK$12 per share, and we are preparing to release 250,000 shares to the outside world."
"The total market value is 1,200 Thousands of Hong Kong dollars? It should be able to increase by tens of percent after the market goes public. "Yang Wendong said with a smile: "The market value is still quite high."
Zheng Zhijie said with a smile: "It's about the same, CMB has a monopoly on travel on Hong Kong Island. , although it costs a lot, there are several One hundred thousand people need to take the bus, and after one year, the net profit is about one million Hong Kong dollars;
In addition, CMB also has a lot of property land in its hands, and the value is also high. According to the general price-earnings ratio Say, 1,200 is considered low. I estimate that it will eventually stabilize at around 1,800.”
“Well, a profit of more than one million a year is pretty good.” Yang Wendong nodded and said, “It can also be considered a small cash cow. .”
In the previous life in the Mainland, many people knew that most city buses were operated at a loss, but this is actually a characteristic of the Mainland and some other countries. After financial subsidies, bus prices were made cheaper, which made it convenient for people to travel, and indirectly Stimulate economic development.
But in many other countries or regions, which are pure capital societies, it would be good if these governments could restrict monopolies from increasing prices indefinitely.
Zheng Zhijie said: "Yes, otherwise Yan Chengkun would not be thinking about going public to raise funds and expand more routes."
"Then get ready to start." Yang Wendong continued: "After CMB is listed, we will immediately ask people from Standard Chartered to start absorbing stocks. This is still the first day. Even if Large-scale absorption by multiple accounts will not arouse any suspicion. ”
Under normal circumstances, a company’s stock is stable unless something major happens, so when stocks are already listed, they will be absorbed. , you need to be very cautious, because if the transaction is too large, it will be easily discovered by the other company and even many outsiders.
But when it first went public, it can be explained that the market was optimistic about this company's stock.
Zheng Zhijie said with a smile: "Okay, if we acquire enough, then maybe Yan Chengkun will increase his shares and issue more shares later when he sees the income is so high."
"Then The better." Yang Wendong said with a smile: "The more shares they issue, the better."
Zheng Zhijie added: "But, if this is the case, Yan Chengkun will be able to get a lot of funds."
"This itself is also a double-edged sword." Yang Wendong nodded, Then he asked: "How are the media preparations going?"
Zheng Zhijie said: "We are ready. Reporters from several newspapers have already interviewed many places where travel is inconvenient. We just need to wait for the right time to announce it."
"Okay, then get ready and wait for this After the initial listing and financing are completed, we will give it another try," Yang Wendong said, "By the way. Building momentum, saying that the Hong Kong government may invest heavily in infrastructure on Hong Kong Island in the future, and citizens need more public transportation.
In addition, there are also people from CMB Huang Yaonan, and with some further encouragement, Yan Chengkun made up his mind. Expand the fleet."
"Okay," Zheng Zhijie agreed.
Yang Wendong said again: "Then let's go to Standard Chartered Bank now?"
Zheng Zhijie said: "No, Standard Chartered Bank has a floor next to the Hong Kong Exchange that is specially used for emergency transactions. Not only Standard Chartered, but many large financial companies have such places nearby."
"Okay, let's go." Yang Wendong said.
In an era without the Internet, distance is very important, especially when it comes to financial transactions. Although you can use the phone, in many cases, the phone is far more efficient than being nearby
The economic center of Hong Kong is in Central, and it is also very close from Hong Kong China Building to the branch of Standard Chartered Bank.
In the face of big customers, several Chinese senior executives from Standard Chartered also received them personally, and then entered a VIP room.
Soon, the time came to 9 o'clock, the Hong Kong Stock Exchange opened, and China and Brazil's stocks also started trading at this time.
In front of Yang Wendong, several phones began to ring. After receiving the call, the operator immediately said something to the person next to him. Then the person rushed to Yang Wendong and said: "Yang Sheng, China-Brazil stocks have started to rise. It has risen by 0.1 yuan in just 5 minutes, and it is now 12.1."
"Are our funds already in the process of acquisition?" Yang Wendong asked.
The person on the other side replied: "Yes, we are also responsible for the rapid increase."
"Okay, continue to purchase, and just report the price to me every once in a while." Yang Wendong did not hesitate at all.
When launching a takeover war, acquiring fixed stocks is the most important. This is a strategic goal. In terms of price, as long as it is not outrageous, it is acceptable.
"Okay." The person opposite immediately returned to do his own thing.
Zheng Zhijie next to him said: "Yang Sheng, I will keep an eye on them. If anything happens, I will report to you."
"Okay, go ahead." Yang Wendong nodded.
Looking at the ancient model of trading by telephone, Yang Wendong suddenly missed the previous computer operations.
Computers actually exist in this era, but they are all large-scale commercial and civilian computers. We have to wait for another 15 years. Even if we interfere, it is impossible to change too much. This is due to the gradual development of basic science and will not change until a certain time. inevitable result.
Including personal computers, game arcades, and even electronic watches, calculators, etc. that appeared earlier, they must wait for the corresponding basic technology to appear before they can be realized.
In this way, Yang Wendong listened to the newspaper and from time to time listened to the reports of Standard Chartered traders.
On the other side, in the exchange, countless people went crazy, China and Pakistan The stock is also rising at a very fast speed, surpassing many newly listed stocks before, and seems to have the trend of becoming a dark horse after 61 years.
In the evening, the sun is already emitting red light in the west.
At the branch of Standard Chartered Bank, the phones that had been ringing just now suddenly went off. This also made Yang Wendong, who was reading the newspaper, notice something different. Then he looked at the clock on the wall and asked: "5 "Yes." Zheng Zhijie came over and said with joy, "Yang Sheng, we acquired 5.6% of the stock today, which can be said to be a great success."
“5.6%?” Yang Wendong nodded. He was constantly being reported here during the day, and by the afternoon he knew it was 5%.
Then he said: "What is the final price of China-Brazil stock?"
"21.7 Hong Kong dollars per share, the total market value is 21.7 million." Zheng Zhijie replied: "The increase on this first day Close to 80.8%. Not to mention this year, even in the history of the Hong Kong stock market, there are probably only a handful of people with such an increase.”
"It seems that our achievements are not small." Yang Wendong smiled and said: "How much did we spend?" Normally, fifty or sixty is considered very good, and 80 is considered a very popular result.
Of course, this refers to this era. In the era of the technology industry or the Internet era, it will be completely different.
Zheng Zhijie replied: "Our average purchase price is 18.6. , a total of 56,000 shares, costing 1.0416 million. "
"Well, it's quite acceptable. Yang Wendong asked again: "Will today's operation arouse the suspicion of Yan Chengkun or others?" ”
"It's a bit abnormal, but it shouldn't arouse suspicion." Zheng Zhijie said: "The first day of listing can be explained. We can only take advantage of today's best opportunity to acquire so many shares at once. < br>
When we start buying stocks from tomorrow, we will buy them from investors or institutions. A slightly larger transaction volume may attract attention. "
"Yes," Yang Wendong. He nodded and said: "5.6 percentage points is not enough. Huang Yaonan only has 24.8% of the stocks left in his hands;
Our first step is to obtain a veto power. In the next few days, , continue to acquire this right first."
"Understood." Zheng Zhijie agreed: "It would be better if Huang Sheng could increase the shares of China and Pakistan."
"It depends on Yan Chengkun's character." Yang Wendong nodded and said.
China-Brazil Headquarters:
Yan Chengkun was full of excitement at this moment and said happily: "Everyone, we have raised more than HK$3.5 million in this listing. It can be said to be the most successful in the history of Hong Kong. It’s on the market.”
“Congratulations to Yan Sheng.” The people below immediately flattered him.
Yan Chengkun said with a smile: "Everyone here today can receive an additional three months' salary."
"Thank you Yan Sheng." This time, the people below are really grateful. You are the uncle who gave me the money.
Only Huang Yaonan showed an indifferent attitude, and then gestured to another person.
A middle-aged man about 40 years old, wearing gold-rimmed glasses, said: "Yan Sheng, the market is very optimistic about the future of China and Pakistan. Do you think we should continue to expand our shares? Refinancing more funds."
"More?" Yan Chengkun frowned and asked, "Why?"
The middle-aged man said: "Because Yihe is going to be listed. Many financial institutions estimate that the listing of Jardine Matheson will inevitably attract a large amount of funds;
Judging from this, it is likely to cause other stocks to fall, because many people may sell other stocks to buy Jardine Matheson, which may naturally include us China-Brazil investors. "
"That makes sense. There was a hint of appreciation in Yan Chengkun's eyes, and then he said: "However, it is normal for stocks to fall or rise. There is no need to worry too much." "
The middle-aged man said: "That's true, but now that the market is optimistic about us, we should find ways to raise funds;
When the market heat drops and the stock price drops, then we will take the money. Part of the funds obtained from previous financings can be used to buy back the previous stocks. Isn't this equivalent to making money in vain? According to our current market value of CMB, it is at least 500,000 to 600,000. "
"Five to six hundred thousand? "Yan Chengkun hesitated for a moment. Although his net worth is as high as tens of millions after the listing, it is fictitious. The actual money in his hands is much less, and the financing funds are useful.
An additional five to six million yuan is equivalent to half a year's profit of China-Pakistan Company.
The middle-aged man added: "Maybe if we don't care about money and use all the funds, we can recover more stocks."
"Okay, let me think about it." Yan Chengkun He nodded and said.
Huang Yaonan didn't say anything. When he saw Yan Chengkun's face, he knew it was done. At the same time, he had to admire Yang Wendong in his heart. This statement was indeed very heart-warming.
A week later, it was early March.
Yang Wendong met Huang Yaonan again and said: "Huang Sheng, I still have 7.2% of the stock in my hands. How about you?"
After the first day, continued acquisitions will have to be in slow mode. , in order to avoid too much trading volume, it took 7 days to close 1.6%.
Huang Yaonan said with a smile: "My stocks haven't moved, and I don't have the money to buy them in the stock market. I just need to guarantee my existing shares."
Yang Wendong nodded and said, "Then later , I will still slowly acquire shares in the stock market. "
Huang Yaonan said: "That's not the case. I came here today to give Yang Sheng good news. Yan Chengkun is planning to increase his shares the day after tomorrow, and the release is almost the same. About 5% of the stock.”
"Oh, not bad." Yang Wendong's eyes lit up. If he seizes this opportunity again, he will have the veto power on his side.
Huang Yaonan then said: "The power of one-vote veto has been obtained, but this trick cannot be used yet."
"Well, it will be enough if we can take the first step." Yang Wendong Then he said: "I will continue to acquire stocks in the future, but the circulating shares in the market are also limited. It will be difficult for me to acquire 25%. I estimate that when it reaches 15%, something abnormal will be discovered."
Plus next time China-Brazil's share increase financing theoretically only accounts for 30% of the shares on the market. If one person absorbs 15%, it is already considered the limit.
Huang Yaonan nodded and said: "I understand this. I will slowly contact other shareholders to see if I can acquire their shares or bring them to my side."
"It's unlikely to bring it over, so let's just acquire it directly." Yang Wendong was also unambiguous. There was no need to save this little money, and then he said: "Also, the funds on China and Pakistan's account must be consumed as soon as possible, so that we can launch the final acquisition in the future. "The less money Yan Chengkun has, the better our chances of winning."
"Okay, leave this to me," Huang Yaonan said with a smile.
"Yes." Yang Wendong raised his glass again and said, "Then I wish us success as soon as possible, and Huang Sheng can also fulfill his father's last wish as soon as possible and take charge of China Bus."
"Thank you very much. I also want to thank you." I rely more on Yang Sheng." Huang Yaonan also raised his glass.
He also knew that this matter was really done, and Yang Wendong would have the final say on China and Pakistan from now on, but under the current situation, he had no choice.
Two days later, China-Brazil raised funds again, and Standard Chartered Bank once again acquired 2.7%. At this point, Yang Wendong held 10% of China-Brazil shares.
With the addition of Huang Yaonan’s, China and Brazil now have the veto power.
……
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(End of this chapter)