Chapter 485 Successfully Acquired Kinmen Construction
In the past few months, Yang Wendong has been paying more attention to the stock market and real estate market, especially some of his favorite targets.
Fang Xianming said: "Yes, because our goal is to acquire Golden Gate Group, we have to invest more in operation than other stocks, and the stock price has naturally risen a bit;
< br>In the early days, Changxing Infrastructure wanted to develop two large-scale tunnels and ports. Infrastructure, this kind of good news makes Kinmen Construction Group’s stock rise considered normal, but now that it has not won the bid, and we have pulled it up after the stock price fell, it may arouse suspicion.”
“ Well, have you contacted their shareholders?" Yang Wendong asked again.
The two large-scale infrastructure investments are additional projects, and they are not deliberately cooperating with Changxing Financial's actions. However, after all, too much investment in a city will affect the entire industry.
However, since they are preparing to acquire Kinmen, it is naturally impossible for them to win the bid for a large project. That will only increase the cost and difficulty of their acquisition, so Kinmen Construction naturally lost the bid.
Fang Xianming replied: "We have been contacted. Many British shareholders are also willing to sell, but some require us to use US dollars or pounds."
"This is not a problem, you go Find Zheng Yuhua. Most of the money he makes from shipping is from abroad. "Yang Wendong said again: "Then how much Kinmen stock can we acquire?"
Fang Xianming said: "About 15%, but there are still some shareholders in the UK that we have not contacted. Could be a little more.”
"It's too time-consuming to go to the UK to find people. If we add 15% more, we will be close to 30%." Yang Wendong thought for a while and said: "In this way, after acquiring their stocks, we will directly disclose the matter and go to the board of directors of Golden Gate Group to propose A good-faith acquisition, if you can avoid falling out with British capital at the moment, it's better not to fall out. "
Kinmen Construction is only a medium-sized company, but it is also relatively well-known among British companies. Over the years when the British have been in power in Hong Kong, many Chinese companies have acquired British companies in good faith, and many have cooperated with British companies in many fields. Competition, but there has been no public hostile takeover of medium and large British-owned groups.
It is better to do the acquisition in good faith, which is more cost-effective in itself.
"Okay." Fang Xianming agreed.
A week later, Fang Xianming came again and said: "Yang Sheng, I have purchased some of the shares of Kinmen Group shareholders. Now we have 28% of Kinmen shares in our hands."
"Then their board of directors and management should know about it, right?" Yang Wendong asked rhetorically.
For this kind of large-scale acquisition in a short period of time and contacting shareholders, as long as one person leaks it, the acquired party will also know about it. Another one, they themselves have no intention of hiding it. Only a super company like Jardine Only large companies need to operate slowly and step by step.
Fang Xianming said: "Yes, the management of Kinmen already knows about it, and they even sent someone to ask me what I mean. I haven't replied to him yet."
"That's OK, Contact the current boss of Kinmen Construction Group, Daban Coster, and tell him that I have something to discuss with him. The location will be set at my place, and he will decide the time. It will be done in the next few days," Yang Wendong said with a smile.
The year 1967 is almost over. Although there is a big bargain hunting this year, he is not planning to initiate mergers and acquisitions of many British capitals. He only needs to buy stocks at the bottom to prepare for the layout in the early 1970s, especially Several large consortiums have a market value of hundreds of millions or even billions. Let’s not talk about whether Yang Wendong has so much capital. Even if he does, it is impossible to acquire enough stocks within a year. It can only take a long time to figure it out.
But Golden Gate Construction is his goal. It is one of the top two construction groups in Hong Kong, specializing in infrastructure and building construction, and there is also a Golden Gate Building in Central.
"Okay." After Fang Xianming agreed, he added: "Yang Sheng, there is one more thing. The Huangpu Group seems to have discovered that someone is acquiring their stocks and has started a reverse takeover."
“It’s quite sensitive.” Yang Wendong smiled.
Fang Xianming explained: "It is also because after the container terminal started construction, the market itself was not optimistic about Huangpu Group. In addition, the economy itself was not good, so the stock should have fallen. But now that we have acquired it, it caused I noticed it."
"Well, we can discuss it with the board of directors of Huangpu Group when it is decided." Yang Wendong said, "We only need one director position for the time being."
Fang Xianming said: "Okay."
On the third day, Daban Coster of Kinmen Construction came to Changxing Building.
"Mr. Coster, please sit down." Yang Wendong said politely.
"Yang Sheng is too polite." Coster replied equally politely. Facing the most wealthy Chinese in Hong Kong, even the Hong Kong Governor had to give him some respect.
The assistant made coffee for both of them. Usually when there are ghosts, they make coffee, while the Chinese make tea.
After Coster took a sip, he asked: "Yang Sheng, you recently acquired a lot of shares of my Kinmen Construction in the stock market, and also arranged for people to acquire shareholders' shares. I want to know your purpose."
"I want to Acquisition of Kinmen Construction Group," Yang Wendong said directly, there is no need to worry about this kind of thing.
Coaster's expression changed, and then he said: "Yang Sheng, Kinmen Construction is a purely British-owned enterprise. We do not accept acquisitions by Chinese capital."
"Pure? Isn't this necessarily true? Yang Wendong smiled and said: "I already own nearly 30% of the stocks, and there are many Chinese investors in Hong Kong. As long as I buy more Some, then I am afraid that more than 50% of the Kinmen Group belongs to Chinese people.”
In the 1960s, many British investors in Hong Kong thought about harvesting leeks by going public. They did harvest leeks, but it was also because of this that they also became possible. Other people's leeks, when Chinese capital gradually becomes stronger, will naturally sharpen their knives and attack the pigs and sheep.
Historically, Kinmen Construction was recently acquired by Jardine Matheson, which means they don’t care about selling internally, but to whom? .Of course, it is also possible that we are in the process of bargaining now.
Coaster frowned and said: "Yang Sheng, if you want to become a shareholder of Kinmen, we welcome it. We hope to achieve the win-win situation that you Chinese often say."
Although Kinmen Construction is from Hong Kong It is a large British-owned company, but its assets do not involve large-scale infrastructure industries. If Yang Wendong really launches a hostile takeover, the Hong Kong government may not necessarily protect him.
“My proposal is also a win-win situation.” Yang Wendong said with a smile: “After accepting my acquisition, all your British employees, from top to bottom, can continue to be paid at Golden Gate Group;
And I can tell you that my subsidiary Changxing Infrastructure will invest heavily in various infrastructure facilities in Hong Kong and overseas in the future. This is also the reason why I want to acquire Kinmen. If you join the Changxing Group, many orders will naturally be given to you. .”
Although Changxing Group also has a real estate company, it prefers property purchase and operation rather than construction. Therefore, even if it acquires Kinmen Construction, it is impossible to drive away all the ghosts. Besides, even large companies in the mainland will hire many foreigners when they grow in scale in the future. And this is Hong Kong, which has a large number of British geeks, and many industries are closely related to the UK, so they will naturally want to stay. team.
What’s more important is that he will acquire a lot of British capital in the future. If these people are retained in their positions, then when acquisitions are launched in the future, at least many managers will not be very Resisting one's own
"Will the company still be listed?" Coster paused and asked.
Yang Wendong said: "We will still remain listed. In the future, Kinmen Construction will also need to go overseas to take over business. The financial disclosure of listed companies will also make it easier for foreign companies to understand."
Many companies go public in order to show their strength and real data, etc. Otherwise, if they cooperate with companies they don’t know, especially Party A, they won’t waste a lot of time getting to know them, and the company’s market value is a good target for self-introduction. , although others will not cooperate with you just because of the market value, but at least there will be a certain possibility and a more convenient understanding.
Another reason is that they are about to start planning to acquire British capital. Many British companies have some good assets. Maybe they will privatize them after acquiring them, but this kind of thing cannot become a routine. Once Well, when a hostile takeover war occurs, many investors will not let go of their stocks and wait for them to succeed before privatizing them. This will definitely affect the possibility of the takeover being successful.
So if it is not a non-special British-owned company, then it is enough to maintain control after the acquisition. Besides, some listed companies can also tie many shareholders or other capital to their side.
"Then I need to discuss it with the board of directors and management." Coster did not answer directly.
Yang Wendong said: "Okay, I hope to get your good news as soon as possible. In addition, if the acquisition is successful, some people in the management will also have an increase in salary and benefits."
"Understood, thank you Yang Sheng." Coster also understood the meaning.
This is to clearly provide benefits to the management, and then ensure that the acquisition goes smoothly. This is also a common method for many acquisitions. First, the management is bought, and then the management convinces the shareholders. Everything is legal and can be placed in any country. All, it is not illegal to raise salary.;
Hong Kong, Kinmen Building:
Coaster sat at the head of the conference room and said: "Dear directors, you also know Yang Wendong's conditions. Please make a decision as soon as possible?"
"Cooster, your management Do you agree?" asked an old British man.
Coster replied: "Our management has no objection. Besides, whether it can agree to this matter depends on the board of directors."
"Huh~" The old man snorted coldly and said: "I don't agree. , I have decades of history in Kinmen Construction and have built a large number of buildings in many British colonies. How can I sell it to a Chinese?”
“Cole, they have 30% of the shares, and you only have 3%. Is your objection useful?" Another middle-aged woman said with a smile.
"So what?" Cole said.
The middle-aged woman said: "If you have the ability, buy 30%, and then talk about it later?"
Cole asked with an ugly face: "Chrisley, are you planning to sell your shares?"
"I'm not planning to sell." Chrisley ignored the old man and faced Everyone said: "Everyone, the current situation in Hong Kong is... Let’s not talk about what will happen. Even if everything is normal, everyone can see that the Chinese capital in Hong Kong has risen now, right?”
“Yes.” Many people naturally agree that this is an indisputable fact. , especially in the fields of real estate, industry, and banking.
Cressley added: "Among the current Chinese consortiums, Yang Wendong is the strongest. I don’t need to say more about his industry and experience. Since he wants to acquire Kinmen Construction, he must want to With a big investment in the construction industry;
If this is the case, we can also enjoy the benefits, wouldn’t it be better?”
"You mean we won't sell any shares, but let him increase capital and join the board of directors?" asked another ghost guy.
Cresley said: "Yes, according to Coster's information, he already owns 28% of the stock, so we might as well let him increase the capital a little more, and he will complete the acquisition;
< br>The stocks in our hands have only been diluted a little, but in this way, Kinmen Construction can catch up with Changxing Group, which is good for us. Wouldn't it be better to do it? "
Many people began to negotiate in low voices. When Coster saw this situation, he knew that it was almost done. This was indeed a good deal in itself. Who let Yang Wendong Having already acquired so many stocks, even if we resist, it will be useless unless the Hong Kong government intervenes, which is probably unlikely.
At the same time, he also glanced at Chrisley. This woman was probably promised the same benefits as him.
After the meeting, Coster said: "Let's do this. Everyone votes. I will count according to director seats and shareholder rights. As long as one of them can pass, this cooperation will pass."
The reason for this is because Even if the board of directors does not pass it, if a few shareholders with sufficient weight agree, Changxing Group can also convene a shareholders' meeting to vote. This legal effect is stronger than that of the board of directors. There is no need to take unnecessary steps and offend others.
Many people raised their hands. Coster took a look and said: "9 shareholders, plus my vote, a total of 5 people passed, and the stock equity exceeded 25%. This time, Pass the proposal;
I will represent Kinmen Construction is negotiating with Changxing Group about capital increase. If anyone doesn't want to stay, you can tell me and I can be responsible for cashing out the stocks."
The directors looked at each other. Finally, Cole, who had just spoken, roared, Then he got up and left.
"That's it for today's board of directors." Coster said.
In mid-October, Fang Xianming came to Yang Wendong's office and said: "Sheng Yang, we have reached an agreement with Kinmen Construction. We will spend another 11 million Hong Kong dollars to acquire shares in Kinmen Group. At the same time, the shareholding amount will increase. Reaching 49.9%, this is already the largest proportion held by a single shareholder of a listed company.”
< br>"Okay." Yang Wendong nodded and said: "This matter is now over. Kinmen Construction will just let them continue their normal operations. We will send people to settle in financially and give them freedom in other aspects."
This It is also for the purpose of promoting other acquisitions in advance and stabilizing the hearts of the British management.
"Okay," Fang Xianming added: "I already have 16% of the shares in Huangpu Group. According to the law, we can get a director seat."
PS: Please give me a monthly pass
(End of this chapter)