Chapter 219 Successful Acquisition of CMB
On July 4th, explosive news suddenly spread. Yang Wendong, the king of post-it notes, officially announced that he would acquire CMB shares at a price of HK$28 per share;
This price is 120% of the current stock price of CMB. It makes countless stock investors crazy in an instant. 20% profit does not seem like much, but for many people, it is the result of a few days. What kind of real estate investment? , the increase cannot be compared with this.
Standard Chartered Bank has specially arranged a table in the Hong Kong Stock Exchange, where money is paid with one hand and delivered with the other hand. The cashier's check given is also a cashier's check from the bank. After receiving it, anyone can directly go to any branch of Standard Chartered Bank to withdraw money. , a large number of investors immediately came to line up.
At this point, everyone in Hong Kong who cares about stocks knows that the behavior of China-Brazil stock market in the past few days must be caused by Yang Wendong. The purpose of such operations is naturally to acquire China-Brazil.
But no one yet knows how many shares Yang Wendong holds and how many shares he plans to acquire.
An hour later, another news came. The Yan family, the current controlling family of CMB, issued an announcement that it would buy back CMB shares at HK$30 per share. As soon as the news came out, all the people who had been in Standard Chartered Bank The stock investors queuing up in front of the table immediately dispersed;
The Yan family also set up a table opposite, and some people were there to sell stocks, but the number of people was much smaller than the one in front of the Standard Chartered Bank table just now. .
On the second floor, Yang Wendong looked at the many people standing nearby and said to Huang Yaonan beside him: "These people probably still want to wait for us to raise the price."
Huang Yaonan nodded. The head said: "Yes, we are all smart people. In this kind of acquisition war, they are all waiting for the last bargaining chip between us and the Yan family."
"This Yan Chengkun really has something wrong with his brain. He insists on spending money with me even though he knows he is defeated." Yang Wendong said helplessly.
Huang Yaonan said: "After all, it is a family business. When it loses, it will definitely try to keep it.
As for me, the Huang family has never controlled CMB in decades. , but the two generations are also trying to get control of China and Pakistan at all costs."
"Well, that makes sense." Yang Wendong nodded.
Historically, the Huang family waited until the 1980s, when they really knew there was no chance, before selling their stocks.
50 years of hard work is all about not giving up for one purpose. Otherwise, if you sold your China-Brazil stocks early and went to buy a house and collect rent, your life might be easier.
Huang Yaonan added: "But except for us, outsiders don't know how many shares we have. The Yan family's current struggle will only make themselves heavily in debt."
"This is why I don't know how many shares we have." "The reason for the announcement." Yang Wendong nodded and said: "He struggled a lot and became heavily in debt. After we take over CMB, the stock price will return to normal levels, and then Yan Chengkun will have to sell stocks to pay off the debt."
< br>Even if this acquisition is successful, the Yan family will still be the largest shareholder of CMB. Yang Wendong and Huang Yaonan join forces to have an overwhelming advantage, but the Yan family will still have a veto power.
This will pose a great threat to Yang and Huang’s future management of China-Pakistan.
Therefore, this acquisition must either be a good-faith acquisition and spend money to acquire the Yan family's shares at a slightly higher price, or else it will require an increase in the Yan family's liabilities.
Otherwise, if Yan Chengkun later refuses to sell his shares to himself after acquiring the remaining few points at a very high price in the short term, it will become a big trouble.
The two generations of the Huang family have been able to endure grievances for 50 years while fighting for the management rights of China-Pakistan. Who knows if the Yan family will do the same?
Huang Yaonan nodded and said: "Yeah, I didn't expect the future problems. Yang Sheng is still resourceful. Even if you do this, you will spend a lot more money."
"A few shares, no matter how much, will only cost hundreds of thousands of Hong Kong dollars more." Yang Wendong didn't care: "The most important thing is to ensure that we can successfully control China and Brazil in the future."
"Thank you Yang Sheng for fulfilling the wish of the Huang family for many years." Huang Yaonan said with sincere gratitude: "From now on, Yang Sheng will have the final say on the China-Pakistan route."
He also knew that Yang Wendong One of the purposes of acquiring CMB is to control CMB’s routes to facilitate its own real estate development.
Yang Wendong said: "Well, okay, but don't worry, I will not blindly violate the most basic economic laws and forcefully open new routes.
My residential project, They are all high-end. These places are not small in scale, and there will be no shortage of people after the community is built. There should be buses passing through such places, which is also good for CMB."
"Haha, That would be perfect." Huang Yaonan was very happy.
After understanding the management models of Changxing Real Estate, Changxing Shipping and Changxing Industrial, he also knew that he could manage CMB in his own way in the future, because Yang Wendong basically didn't care about too many things, except for some strategic needs of the entire group. Something to cooperate with.
Yang Wendong nodded and said to Wang Lianhua on the other side: "Next, just let the Yan family consume their own funds. On our side, we will slowly cooperate with them to slowly increase the stock price. "
Wang Lianhua agreed and said: "Okay, Yang Sheng, don't worry, I will definitely let the Yan family spend every penny in their hands."
On the other side, Yan Chengkun is also there. Looking at the stock investors downstairs, I also know what ordinary stock investors think.
He Shanheng behind him said: "Yan Sheng, it's too late to quit now. If you two really start a price war, it will be too late, and the Yan family will be heavily in debt."
Yan Chengkun shook his head and said: "As long as I can keep control of the family company, no matter how heavy the debt is, I have to persist. Why, isn't Hang Seng willing to help with this?"
"Of course not, we will do it. Normal business." He Shanheng said: "Your stocks. You can get an emergency loan by mortgage at any bank.
But as a friend, I still advise you to wake up and see the reality clearly. With Yang Wendong’s financial resources, even I, Hang Seng Bank, are not willing to go head-on. , and now we don’t know , How many stocks have he already held together with the Huang family?"
"It must not be a lot, otherwise, they would have continued to increase the price." Yan Chengkun said confidently: "They have not kept up. We must be far away from 50%.”
"You already only believe in what you think." He Shanheng didn't say much after seeing this: "According to the agreement, I will give you loan funds, but in the future, no matter whether you succeed or fail, the future repayments will be The loan pressure will definitely be great.
Now the banking industry has become very cautious because of Liao Chuangxing's incident. If there is a problem in this area in the future, I can't help you, just think about it yourself. "
After saying that, He Shanheng left.
Yan Chengkun was alone in the room. Suddenly the phone rang. He picked up the phone: "What? The other party increased by 50 cents? Then let’s add 1 yuan directly. ”
After putting down the phone, Yan Chengkun believed in his own judgment.
In the following two days, Hong Kong’s stock market ushered in a small wave of lively climax.
The current management of CMB and the acquirer are vying with each other to raise prices one after another. Many investors are also jumping left and right, waiting for a higher transaction price. There are also some investors who are willing to accept the offer and pocket the cash first. install.
On July 7, once again near the Hong Kong Stock Exchange, Yang Wendong from the Standard Chartered Bank office got a piece of good news.
Wang Lianhua and Huang Yaonan walked over together. Wang smiled and said: "Yang Sheng, just an hour ago, we have successfully acquired enough stocks. Now your stocks plus Huang Sheng's stocks, It’s already 50.02%.”
“As expected.” Yang Wendong smiled. In terms of financial resources, this is not a level at all.
The only special thing is that the Yan family has a higher share of shares. If it were not for winning over the Huang family, it would be almost impossible for him to succeed.
Huang Yaonan's face was full of joy and asked: "Yang Sheng, do you want to announce this?"
"Don't worry, we have won now, we don't care how many days later." Yang Wendong objected and said: "Now the most important thing is The important thing is to find a way to eliminate the veto power in the hands of the Yan family, otherwise our subsequent operations will be in trouble."
Huang Yaonan nodded and said: "I understand, I am too impatient. "
"I understand Huang Sheng's mood very well. You should think clearly first about how to manage China-Brazil Company in the future;" Yang Wendong said to Wang Lianhua again: "
Wang Sheng, we If we continue to buy stocks in the stock market, even if we lose money, we must ensure that Yan Chengkun loses more. As long as he is overly in debt, after we take over CMB, if the stock price falls, he will have to sell the stocks he bought at a high price. .”
"Understood." Wang Lianhua agreed.
As someone who has been engaged in finance all his life, he has never encountered this kind of gameplay. Generally speaking, as long as the acquisition is successful, he will basically take over the company publicly.
But Yang Wendong’s considerations also make sense, to prevent the other party from having a veto power.
……
A few days later:
Yan Chengkun looked delighted and asked his subordinates: "Is there a tendency for the Huang family to give up?" His subordinates said with some uncertainty: "Although they are still acquiring, the extent is not as high as before, and the price increase is not as fast. Come on us.
It’s just...”
“Just what?” Yan Chengkun asked anxiously.
The men paused and said, "According to our understanding, the Post-it King's financial resources far exceed his current performance. This is a bit abnormal!"
"I know this too." Yan Chengkun nodded: "It's also possible that the acquisition of China and Brazil was just a small matter for the other party. Seeing that the confrontation with us continued and the losses were serious, you gradually gave up?"
He himself is a little unsure, but since this is his lifelong property, he believes he is right.
"Maybe it's possible." The subordinate said again: "Yansheng, our stock is already close to 37%, plus the shares of several other shareholders, if we are more ruthless, we can have close to 46% %.
As long as we are more aggressive in the acquisition, the other party will have to acquire almost all other stocks if it wants to gain control, which is almost impossible."
"Okay. ." Seeing the hope of keeping the family business, Yan Chengkun said: "Put all the funds in, including Hang Seng's loan and some of the properties I sold."
"Yes." The subordinate agreed and left immediately.
After arriving at his office, he immediately made a phone call: "Liu Sheng, tell Huang Sheng that Yan Chengkun is preparing to raise the last amount of funds."
… …
After Huang Yaonan got the news, he immediately found Yang Wendong. At this moment, he was discussing stock market operations with Wang Lianhua.
Yang Wendong asked: "What's new?"
Huang Yaonan said: "Yan Chengkun is in trouble. He is ready to take a serious step and acquire the equity to a safe position."
"Okay." Yang Wendong nodded and said to Wang Lianhua: "Wang Health, bring us We have acquired a lot of stocks in the past few days and sold them to Yan Chengkun at a higher price. We can also make a small profit. For us, only 50.01% of the shares are enough."
"Understood. "Wang Lianhua agreed.
......
Soon, news came from the market that the Yan family continued to acquire stocks at a price of 32 yuan per share, which shocked the market.
A large number of people flooded into the Hong Kong Stock Exchange and sold their stocks to the Yan family in less than half a day.
In the afternoon, there were fewer people selling stocks, and many people came to the table of Standard Chartered Bank from time to time to ask whether prices would continue to rise.
Yang Wendong was still upstairs, drinking coffee and looking down.
Wang Lianhua came over and said: "Yang Sheng, the excess stocks in our hands have been cleared. These 3% stocks have made hundreds of thousands of Hong Kong dollars."
"We still made money. It’s a good deal,” Yang Wendong said, “The Yan family has spent so much money, so it’s probably about the same.”
Wang Lianhua said: "It should be almost done. Although I don't know the specific number, they have invested at least five to six million in funds during this period."
"That's almost it. This farce should be over." Yang Wendong nodded.
He will not force the Yan family to go bankrupt, otherwise it will not be good for him to jump over the wall in a hurry. Even if the other party loses this time, he can still live a rich life.
Wang Lianhua said with a smile: "Okay, then I'm going to announce it."
......
On July 12, at the Hong Kong Stock Exchange, Huang Yaonan invited some reporters from Hong Kong and officially announced that he already owned more than 50% of the stock and was about to officially acquire China Bus;
At the same time, in order to thank Yan Chengkun Mr. Huang Yaonan has made great contributions to CMB over the years, and he can still hold the board seat of CMB.
Under the photos of many reporters, Huang Yaonan was in high spirits, and he finally fulfilled his father's wish for decades before his death.
At the same time, Yan Chengkun, who learned the news, suddenly felt his eyes darken and almost couldn't stand up.
Several people around him quickly supported him. After Yan Chengkun recovered, he asked: "How is this possible? In the past few days, I have been trying my best to buy stocks. That kid Huang Yaonan has not made any big moves at all. Why? Maybe suddenly there are more than half the stocks?”
One of his subordinates said: "Yan Sheng, this matter should be true. If you hold a press conference at the Hong Kong Stock Exchange, you will be legally responsible if you tell lies, and you will also be seceded from the Hong Kong business community."
Yan Chengkun suddenly fell silent, and several people around him also began to think about it. CMB was about to change its owner, so what should they do?
The next day, Yang Wendong and Huang Yaonan came to the China-Brazil headquarters in Causeway Bay:
Yan Chengkun had to show up no matter how ugly his face was. The meeting between the two sides was naturally tense. But Yang Wendong said: "Yan Sheng, at this point, I think it's time for everyone to sit down and talk."
"China and Pakistan are already yours, and I have nothing to say." Yan Cheng Kun said coldly.
Last night, he confirmed that Yang and Huang really owned 50% of the stocks, because several small shareholders with whom he had a good relationship had secretly sold their stocks.
With the notarization from the Hong Kong Stock Exchange, this matter cannot be false.
Yang Wendong said: "That's not what I'm talking about, but that since Yan Sheng can no longer run CMB, how about selling his shares to me as well?"
“You still want the stocks in my hands?” Yan Chengkun stared angrily.
Yang Wendong shrugged and said: "Yan Sheng, I want your stocks to help you. In the past few days, you have invested millions in the stock market. The debt pressure is not small, right?"
"Yang Sheng doesn't need to worry about this." Yan Chengkun said.
Yang Wendong said: "Yesterday, China-Brazil stock prices plummeted by almost 40% after Huang Sheng announced the completion of the acquisition. The value of the shares in Yan Sheng's hands also shrunk significantly.
Although This is your private matter, but you are also the company's major shareholder, so we naturally need to ask about your financial risks."
"Don't worry," Yan Chengkun said, "My financial issues are mine. will be solved. '
Yang Wendong smiled lightly and said: "That's good, but Yan Sheng still has to think carefully. The price I can give you now is definitely good;
Just like when you were at Hang Seng Bank, if you had agreed then, you would have lost at least several million less than you do now, right? "
Yan Chengkun didn't speak, and seemed to have a hint of regret.
Yang Wendong said again: "Huang Sheng, in accordance with the requirements of the Hong Kong Stock Exchange, the acquisition war has led to a significant reduction in floating stocks. , the current situation of China and Pakistan no longer meets the requirements of normal listed companies.
So please also ask for additional share financing from the Hong Kong Stock Exchange, so that all of us can dilute our shares and bring liquidity to the market. "
"Yes. "Huang Yaonan smiled. This is also a conspiracy, using fair and aboveboard reasons to reduce the proportion of stocks in Yan Chengkun's hands.
As for his own side, when he obtains management rights, it will be possible to regain CMB unless Yan Chengkun obtains another 50% of the shares.
"Wait a minute." Yan Chengkun also knew that once he expanded his shares, he might lose his only advantage, and then said: "I will consider this matter."
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(End of this chapter)