Traversing the courtyard

Chapter 512 The End of Milk

In this way, the two operated two stocks respectively. In a blink of an eye, when the market closed in the morning, the Milk Ice Factory had risen to 280 yuan, and Landmark had also risen to more than 140 yuan.

After leaving the big family room, you can see that the trading floor is still full of stockholders, everyone is talking enthusiastically, looking forward to the dream of getting rich.

Wei Dong sighed, only today did he remember that he bought it on the top of the mountain when he entered the market, and this time, he didn't know how many people would jump off the building.

A bold stockholder saw Wei Dong coming out and asked with a smile: "Mr. Yi, the experts on the radio said that it can be raised to 350 Hong Kong dollars. Do you think the Milk Ice Factory can raise it to 350 Hong Kong dollars?"

Wei Dong stopped and said to him: "Since you asked, just listen to my advice and clear all the stocks in the ice factory in your hands this afternoon."

The questioner didn't say anything, and the companion next to him said anxiously: "Boss Yi, you are too careless, you are the director of the ice factory, and you advised us not to buy the stock of the ice factory, why are rich people so bad? "

Turning his head to his companion who was interrogating, he said, "Don't believe him, third brother. The experts on the radio have said that the ice factory can raise as low as 350 yuan, and maybe it can be raised to 400 yuan!"

Wei Dong shook his head, and dragged Mi Xiaozhou away just as he wanted. He had already said what he had said, so he couldn't ask if he listened or not. He couldn't talk too much about things in the stock market.

The youngest thought about it and said: "If not, Boss Yi and I have no enmity, why did you lie to me? I'd better wait and see the situation tomorrow."

The companion said angrily: "Third brother, this is a rare opportunity to make a fortune. After passing this village, there will be no such shop. You should think about it clearly?"

The third child asked back: "Can the radio experts be better than Boss Yi? Boss Yi is the vice chairman of the exchange. The entire exchange belongs to him. Why don't you listen to him?"

The companion said angrily: "It's fine if you don't buy it. Anyway, I listen to Professor Jia on the radio. He is an expert in the stock market in the university. Can a professor still lie?"

"Is Boss Keyi worse than their professor? What stocks did the professor buy?" The third child anxiously judged.

I didn't know for a while that I was listening to Boss Yi's words and cleared the stocks in my hand.
After eating, Weidong was worried and went to Li Fuzhao's office to ask. After confirming that it had been shipped at a price of 275, he was relieved. Li Fuzhao made a profit of 87 Hong Kong dollars from the [-] shares, which is enough to buy a big villa. up.

In the afternoon, there was another rush at the opening of the market. The two stocks reached a high of 290 yuan and 157 yuan respectively. Weidong and Mi Xiaozhou also cleared all the stocks in their hands. Mi Xiaozhou said after a simple calculation: , We made a profit of nearly [-] million on these two stocks."

"It's okay, just earn some money for milk powder."

It sounds like a lot, but Weidong has copied a lot now, which one is not worth tens of millions?
This little money is not attractive to me anymore.

Mi Xiaozhou pursed his lips and tried not to mock his man, so it was a profit of 7 million yuan, not to mention that the investment was only about [-] million yuan, almost double the profit.

Wei Dong said again: "Then let's start smashing the market now and sell a lot of money."

Mi Xiaozhou was surprised: "Boss, are you going to oversell?"

Wei Dong nodded and said, "Sell first and then buy. This price is too high. Hurry up. With [-] shares as the limit, you can sell as much as you want."

Mi Xiaozhou didn't ask too many questions, the two grabbed the phone and placed an order directly, eating up the long orders on the buying order directly, so that the price did not continue to go up, even if the buyer's enthusiasm was eaten up, the enthusiasm of the buyers did not weaken, and some people placed orders one after another Buying, but the upward trend has been stopped, and only traded sideways at a high level, the trading volume has gradually increased, and a large number of sell orders have also been placed.

Mi Xiaozhou and Weidong quickly sold 290 shares of two stocks each, and stopped the operation to watch the stock price turn around, 280, 270, [-]
The Milk Ice Factory broke several support levels in a row, and also pulled down the stock price of Hongkong Land. Mi Xiaozhou was very excited and said: "Boss, you are still the best."

Wei Dong smiled and said, "I'm not very powerful, didn't you already know?"

Mi Xiaozhou rolled her eyes shyly: "I hate it, what do I mean by that?"

Wei Dong wondered, "Aren't I good at that?"

Mi Xiaozhou said angrily: "Smelly boss, how do I know if others can do it for an hour?"

I didn't talk about this anymore. There are still oversold stocks on these two stocks, and they are going to be bought back at the end of the trading day. Weidong and Mi Xiaozhou got busy again 10 minutes before the closing time.

I bought enough stocks for 269 yuan and 128 yuan respectively, which is enough to close the position later.The backhand method of selling first and then buying made a profit of 500 million, which is enough to buy an industrial building.

It's a pity that the position has to be closed on the same day, and I can't stay overnight after the short sale. If I can't get the stock, I will be fined.

On November 11, the stock price of milk rose as high as 10 yuan, and finally closed at 290 yuan. It rose 268 yuan a day, an increase of 50%, and almost doubled the closing price on October 23.At the same time, Hongkong Land's share price also rose to a new record of 10 yuan on that day.At that time, Milk's price-earnings ratio was as high as 27 times, and Hong Kong Land's was as high as 1 times!The madness of the stock market has reached an unreasonable level.

Weidong has been observing the trend of the stock price, and it has always been falling.

Although the takeover battle has reached a fever pitch at this time, the acquirers have never used cash for the acquisition or anti-acquisition, and have not even raised the purchase price to attract shareholders.In addition to attracting shareholders with preferential conditions for share swaps, splits, and dividends, the two parties only accused each other and promoted themselves through overwhelming advertisements.From October 10, when Hongkong Land first launched the advertising campaign, until the day before the acquisition deadline, the two sides were at each other's lips and refused to give in to each other.From today's perspective, many of the words are actually misleading shareholders and suspected of violating regulations.But at that time, Hong Kong's stock market laws and regulations were not perfect, so no one pursued it.This is a rare sight compared to the takeover battles in which billions of Hong Kong dollars in cash were frequently collected in the future.

Due to mutual accusations, inquiries, and short stories from both parties, the shareholders of both parties panicked, and the chairman of HSBC warned shareholders: "The stock market has formed a purely speculative action, and many stock prices have risen beyond a reasonable level,"

When the market opened on Monday, November 11th, there was a sharp drop. The stock price of Milk once fell to 13 yuan, and it was about to fall below the 202 yuan mark. Landmark fell by 200 yuan, which was already below 33 yuan. Howling, some newspapers have already published the news that stockholders went bankrupt and jumped off the building.

Seeing that the 200 yuan threshold is about to be lost, Wei Dong said: "Now we start to sweep the goods, and we have to go back and do more."

Mi Xiaozhou hesitated for a moment, just as he was about to ask Weidong that he had already picked up the phone to place an order to buy, so he stopped hesitating and picked up the phone to buy the shares of Landmark.

This time I couldn’t buy too much. Heji bought 30 shares and changed the downward trend. It rebounded slightly, and Milk Ice Factory closed at 212 yuan.

The stock market plummeted 87 points that day, or 11.5%.

Fortunately, the next day was positively stimulated, and the index stood up again and regained the lost ground.

Weidong received a call from Chairman Zhou, wanting to jointly develop real estate in Causeway Bay and other places with Autumn Rain Group, Weidong considered it for a long time and finally refused.

Now is not a good time to get involved in the two-party acquisition. He admitted that he is not optimistic about the next acquisition, and advised Zhou Xinian to directly cash out the stocks in his hands at a high level.

Chairman Zhou was stunned for a moment, but luckily he didn't get angry at Weidong, he just said, "Do you think it's a good idea to sell the milk company?"

Wei Dongdao: "Now the stock market is abnormal and too hot, not to mention that the milk company's share price is too high in terms of actual value, it's better to cash out and leave, wait for two years after the stock price comes down, we can jointly buy some high-quality and low-priced A cheap foreign company."

Zhou Xinian said: "But this milk company is run by three generations of our family, I'll think about it again."

Wei Dong persuaded: "At the last moment, we must think clearly. Before the acquisition, the price was only in the early [-]s. If I bought my company like this, I would definitely wake up laughing in the middle of the night."

Although Weidong's Yizhen Company was sold, the selling price is not low, and it has a price-earnings ratio of more than ten times. What's more, Weidong still holds all the patents and collects a lot of patent fees every year. He also called Weidong to complain that the patent fee was too much.

Weidong directly threatened to cancel the authorization and sent him back, and he never complained about the patent fee after that.

Now Chairman Zhou's situation is better than Weidong's. He can sell the stocks directly in the market and let the stockholders exchange the stock market for Hongkong shares.

It would be foolish to directly exchange Hongkong Land shares. It takes more than ten days to go through procedures to get Hongkong Land shares, and there is no time to sell them in the market.

Chairman Zhou said: "I still want to give it a try, maybe I can keep the company passed down by the family."

On November 11th, in order to save the situation, Milk Company announced to form a joint venture with Chinachem Real Estate Co., Ltd. to form a new company, named Milk Real Estate Co., Ltd., and the new company will distribute 24% of the stock to the original Milk shareholders. There are only 25 days on the 29th, and the time is too late.What's more, Chinachem's reputation is not as good as that of Landmark, and at this time, Landmark claims that its stake in Dairy Milk is enough to veto Dairy Milk's announced agreement with Chinachem.Therefore, the cooperation between Milk and Chinachem is obviously not as beneficial to the development of real estate as the cooperation with Hongkong Land. In this way, Milk is self-defeating and the effect is counterproductive.
This is also the reason why Weidong rejected Zhou Xinian's proposal. The equity in Landmark's hands is now enough to oppose any major cooperation. It would be okay to use this method earlier, but it is too late to save the fate of being acquired.

On November 11th, Dairy Milk made the last struggle, showing righteousness to shareholders, and published an advertisement of "Home Harmony and All Things Prosperity", saying that "there are frequent quarrels between couples before marriage, and how can they have a happy family life after marriage", "business Prosperity depends on sincere cooperation, and quarrels and disputes are definitely not the way to make money. Please pay attention to all shareholders.” This advertisement is like a summary of the “quarrel” advertising war in the past month.

On November 11th, Hongkong Land made another "trick", announcing that it would distribute bonus shares at the ratio of 27 bonus share to Hongkong Land and 1 new shares. For many shareholders of Milk Ice Factory, this condition means that 5 share of milk can be exchanged for 1 shares. Hongkong Land. This action once caused the stock price of Hongkong Land to rise to more than 12 yuan, and the stock price of the milk company also rose. Weidong quickly took advantage of this opportunity to clear all the stocks in his hands, and even called Chairman Zhou to persuade him to let go of the stocks in his hands.

That day, it rose to more than 300 yuan in the intraday market. The high price of 67 yuan was only maintained for a short period of time, but it was much higher than the stock price of the milk company. As a result, most shareholders of the milk company were willing to accept the acquisition and exchange milk shares for land issuance. new shares.

Weidong made 2000 million in this wave, and also pushed the money he earned from these two stocks to more than [-] million, making more than three times the profit.

On November 11, Milk Ice Factory seemed to be unable to think of a countermeasure. It could only continue to publish a full-page advertisement to analyze the business prospects of both parties and persuade shareholders to rein in the precipice, but there was no way to recover.On the same day, Hong Kong Land claimed to have controlled 28% of Milk.So far, the war of buying cattle has come to an end, and Hongkong Land is sure to win.

On November 11th, the day after the acquisition deadline, Hongkong Land published the last full-page advertisement for the successful acquisition, declaring that it already held 30% of the shares in the Milk Ice Factory. The war ended with Hongkong Land Limited winning a complete victory.

This takeover battle lasted for a month, and Hongkong Land Company annexed the big milk company without paying a penny. It is indeed a masterpiece, setting an unprecedented record in the history of Xiangjiang's post-war stock market.It announced that the British consortium won a hostile takeover of the Chinese family, and the milk company has since changed to a British banner.Hongkong Land swallowed up another major company "just printing shares" without using a cent of cash, setting a record for a takeover battle in Hong Kong.

On December 12, Hongkong Land announced that it had obtained 15% of the milk company's shares. Therefore, Hongkong Land made a compulsory acquisition of the remaining minority shareholders on April 90, 168 in accordance with Article 1973 of Hong Kong's "Company Law". The listing status of the company was cancelled.The acquisition incident caused the stock prices of Hongkong Land and Milk Company to rise sharply, and also became the trigger point of the Hong Kong stock market crash in 4.
But in the end, the takeover battle caused heavy losses to the stockholders, because it took dozens of days to exchange the shares of the milk company for the shares of Hongkong Land. As a result, when the share price of Hongkong Land hit a record high after the net removal, the milk shareholders could not obtain the shares of Hongkong Land at all. For the sale, the shareholders of Hongkong Land only hold one old share because they get five for one, and they will have to wait dozens of days to receive the five new shares.Only one-sixth of the holdings could be sold. When the new shares were obtained, Hongkong Land's stock price had fallen sharply, and the drop was uncontrollable, and soon fell from 5 yuan to 67 yuan.Calculated based on the stock price after the share bonus, the stock price of Hongkong Land rose from 12 yuan to 7 yuan within two months, and at 67 yuan, the price-earnings ratio of Hongkong Land was as high as 67 times.From the point of view of Hongkong Land's management, they can use such a high price-earnings ratio to acquire Milk Company, which is very successful.

In the blink of an eye, the first hostile takeover on the Xiangjiang stock market came to an end, and the stock price of Hongkong Land may not reach this position for decades.

(End of this chapter)