Traversing the courtyard

Chapter 569 Acquisition and Record Completion
The next day, Autumn Rain Group released the news again that it held more than 50% of the shares of Huangpu Dock Company. Now it is announcing to the public in accordance with the law that it will start the process of comprehensive acquisition. After the acquisition is completed, Huangpu Dock will become wholly owned by Autumn Rain Group. Subsidiary.

As soon as the announcement came out, Shen Porridge was so angry that he dropped his coffee cup again, and went around for a while. The Huangpu Dockyard became Yi Wei's private property.

Yi Weidong was in pain and joy, he was so busy every day that he was so busy that he was so busy that the company's affairs suddenly increased a lot. The family was either pregnant or had a baby, and it was only after the Spring Festival that Hutchison was straightened out.

From the original more than 300 subsidiaries, there are only a hundred of them. All kinds of messy businesses related to Qiuyu Group have been kept. Some companies with no future have been sold off and closed down, and only some core businesses have been retained. company.

As a result, Hutchison lost a lot of weight, and almost 49% of the companies acquired by Qi Dezun were abolished. However, almost all of the money received was invested in the acquisition of several listed companies under its umbrella. They have more controlling stakes, like Watsons, all of them are real estate companies, and all of them are in warehouses. Although Anderson Daya and Harbor Engineering are nominally major shareholders, their shares are mortgaged, and their holdings are not large, even [-]/[-] None, in order not to be attacked one day in the future, Weidong instructed to increase the company's shareholding ratio, all of which must reach [-]%.

Ruan Tao looked at Weidong's share increase plan and said, "If all of your seven listed companies complete such a high shareholding increase plan, the capital needed will exceed 7 million. Although the company has lost many burden, but there is still no money in the account!"

Wei Dong smiled and said, "No, isn't that a short-term investment?"

"You're selling that short-term investment?"

To say that Hutchison was not short of money before, when the stock market fell below 400 points, both Qi Dezun and Li Chaxin believed that the stock market was about to bottom out, so they even raised more than 4 million in cash to buy the bottom. When the city fell below [-] points, the two were dumbfounded. After a moment of hesitation, the stock market fell below [-] points. If this batch of stocks were realized, they would lose half of their losses. The stock market rebounded, and the loss on the books is not afraid, but if it is realized, it will be a real loss. Hutchison's annual profit is only about [-] million yuan. This sudden loss is higher than the annual profit, which is unbearable for the two of them. The stock market goes up and down, and there will always be a day of recovery.

Wei Dongdao: "The stock market has recovered a lot since 76. The Hang Seng Index has reached around 450 points. That batch of stocks has already made some profits. We will sell these stocks to strengthen the control of the headquarters over the subordinate companies. , to reduce the risk of being acquired, isn’t that good?”

"It sounds good. Swapping the stocks of other companies for the stocks of our subordinate companies is also an investment, but what is your intention in doing so?"

Of course Ruan Tao knew that Wei Dong would not be so kind, and there must be other intentions in doing this, but he just didn't figure it out for a while.

Wei Dong didn't hide it and said directly: "If I say that the Xiangjiang stock market will enter an upward stage immediately, and in the next few years as the economy improves, it will rise rapidly, and it will reach the height of 73 years, what do you think?" You know what I'm for."

"You think the stock market will go up so much again?"

Wei Dong nodded and said: "In the 80s, it will peak again. I can see that it will rise to at least 1600 points. At that time, when it enters 1500 points, we will sell all the stocks that can be sold. gone."

Ruan Tao was shocked and said, "Are you going to buy the shares in Hutchison? No wonder you have reduced a lot of expenses in recent months, no, there are still more than 15 billion funds in the company's account that you have withheld. What else do you think about investing in the stock market?"

Wei Dong smiled and said, "After the [-] million, there's still [-] billion left. Guess what I'm going to do?"

"How do I know where you're going to vote?"

As Ruan Tao spoke, his mind started to move, and suddenly he remembered that Hutchison still had more than one billion debts. Could it be that it was prepared for this debt?
Hutchison’s previous debts amounted to more than 20 billion. Among them, the 8.57 million loan from HSBC has been repaid. In addition to the 1.75 debt, the current medium and long-term debt is as high as 11 billion.

"Are you going to repay all the debts of Hutchison in advance?"

Wei Dong said: "Almost, I want to use [-] million cash to invest in Hutchison, and then lend [-] million cash to Hutchison. The interest rate will be much lower, which will save a lot of interest expenses."

"The idea is good when the time comes, and Qi Dezun will agree with you to take [-] million cash shares again?" Such a high cash purchase will greatly dilute the shareholding ratio of the original shareholders. Although it will strengthen the company's strength, it will also make many shareholders dissatisfied.

"Qi Dezun originally opposed it, but I bought the shares held by Qi Dezun at double the current price, and now these stocks belong to me."

"Doubling is a bit high, isn't it?" Ruan Tao said with some dissatisfaction.

Although Hutchison is owned by Weidong, the company's books are still at a loss. The annual interest of more than one billion loans is more than 1.5 million. The money earned is not enough to pay the high interest of the bank, so the company's stock price is now only It is less than 2.7 yuan. Many people still believe that Weidong will rectify Hutchison, and the investment in advance has pushed up the stock price.

Qi Dezun is also well aware of the difficulties the company is facing. Seeing that Weidong offered such a high price, he agreed to Weidong's offer. Isn't it the same after realizing the shares and then investing in other companies? Only a fool would disagree.

Wei Dong clarified the matter, Ruan Tao thought about it and asked, "Why did you inject such a high amount of cash into the re-investment?"

"I just want to drive people from HSBC out of the board of directors, so that the shares of HSBC and Wheelock are less than 5 points, and they are all kicked out."

This must be one of Weidong's reasons. Ruan Tao smiled and said, "So when the stock market was at a high point, you still want to reduce your holdings of Hutchison stocks?"

"Of course, our total shareholding will be as high as 90% after the shareholding, and we will definitely reduce our holdings in the future."

Such a high shareholding ratio is not placed under the name of Qiuyu Group. Weidong Private, Yan Jiedi, and Ruan Tao's Peach Group are all shareholders, in order to avoid the clause stipulated by the Company Law that major shareholders cannot exceed 49% of the shares.

It seems that Weidong lost money by buying Qi Dezun's shares twice, but he also swept Qi Dezun out of Hutchison. If Qi Dezun doesn't sell it now, the price can rise to twenty or thirty if he cashes out when the stock market rises in the future Well, compared to buying it for 5.7 yuan now, Weidong is still a good deal. At that time, this part of the shares will be sold, and Weidong only needs to keep a small part of it.

When the negotiation between Sunset Country and Beijing City breaks down, the stock market in Xiangjiang plummets, and you can just buy it back at the low point.

Weidong has plenty of cash in his hands, so he can make a lot of profits just by buying low and selling high in the stock market.

"Well, I don't think HSBC's Flower is pleasing to the eye. He often relies on his rights as a director to check the accounts, and each time he tosses the company's finances for several days."

This is also the reason why Weidong wants to drive HSBC out. Flower is a cancer in the company. He didn't have time to move him before, and now he is relying on his own advantage in the board of directors to force HSBC to be kicked out of the board of directors.

After the two discussed, a new board meeting was held on the third day. Weidong first proposed to take advantage of the stock market's recovery from the previous short-term investment and take profits. This wave of investment has changed from a loss of 1.4 million to the current one. A profit of 6000 million is already a good profit.

Flower objected: "But now that the stock market has improved, maybe it will continue to rise?"

Wei Dong said: "I'm not asking for your opinion, you just need to raise your hand to object."

"you"

Weidong is too lazy to have a majority with Flower. Anyway, Flower will oppose any company’s proposal. Ever since Weidong became the chairman of Hutchison’s board of directors, Flower has never voted for abstention or approval. be opposed to.

Except for Flower, the other directors are Weidong's own people. This proposal was passed directly. Hutchison will directly sell more than 5 million stocks in the primary market, and there are as many as [-] companies in it. , Yihe, Wheelock, HSBC, Hang Seng, and Swire are all constituent stocks of Hang Seng. Of course, Weidong will take over all of them. You can buy as much as you want now.

Flower wasn't angry either, he stole the negative vote to disgust Weidong, and he was white, so could Weidong still beat him?

Wei Dong looked at Flower's unbeatable appearance and thought that you can only vote for the last time, so cherish it.

"The next thing we want to discuss is that the company has been downsized after such a long period of reorganization. Right now, our company still has 11 billion medium and long-term loans, and the interest is too high. A private placement of 11 million cash shares, and then a [-] million low-interest loan from Early Rain Bank, a total of [-] billion is used to repay the high-interest loan.”

Weidong discussed with Li Chaxin, Xia Boyin and Chen Maoxun after yesterday, and now Weidong holds more than half of the shares. Even if the three object to Weidong, they can discuss and vote at the shareholders meeting. It will still be passed at that time, and among the three, only Li Chaxin has a small part of the company's shares, and he only joined the board of directors as Qi Dezun's confidant before.

Now Weidong has reformed the company, installed Lu Meifeng, Tang Meina and others have entered the company's top management, and can replace the three people's seats on the board of directors at any time. The three can only follow Weidong's footsteps, and there is no objection room.

Now that the board of directors has voted, it means that Flower doesn’t know it yet. Flower calculated in his mind, Weidong used 1.75 million cash to obtain 33.7% of the equity, which has already reduced HSBC’s share by a lot. Now If 5 million cash is used to invest in the shares, the share held by HSBC will lose even five points. Wouldn't it be that Weidong will be kicked out of the board of directors?

"I object, [-] million cash shares in the company is not conducive to the development of the company, not conducive to the development of the company"

Ruan Tao said: "Isn't it good for you to vote against?"

"you"

Flower was speechless.

Ah Zhen said, "If HSBC doesn't want its shares to be diluted, can it provide cash in equal proportion?"

If HSBC wants to retain a seat on the board of directors, it can also take out corresponding cash and inject it into the company, so that the proportion of shares held by HSBC will not change. .

Flower knew that HSBC would not use this money to invest in it. If Weidong’s private placement of 5 million cash was successful, then the proportion of Weidong’s share would be astonishing. %, it will be useless when only HSBC is left.

"I object." Flower could only object sullenly. This might be the last time he attended Hutchison's board of directors.

Everyone approved Weidong's private placement plan again, but this will not be officially implemented until a shareholder meeting is held for voting.

There was also news that Heji would sell up to 150 million shares and issue 450 million additional shares. As soon as the news of this billion came out, it directly poured cold water on the market, from [-] points to the current [-] points , It has already quadrupled, and there are a large number of profit-making orders in the market who see that the limelight is wrong and choose to ship directly, which makes the upward momentum suddenly turn and turn down.

Weidong hastily raised hundreds of millions of funds to take over the offer. This wave of turmoil brought out a large number of bargaining chips. Hutchison's plan to increase its shareholding was completed very quickly, and the shareholding was a little more than expected. It was a pleasant surprise.

After Weidong had almost collected, Hutchison announced the specific details. The [-] million shares will be directly taken over by Qiuyu Securities, and will not flow to the secondary market. Then the targeted fundraising has also been completed, and Qin Xiayue, as the leader, won the big share. For part of the equity, Ruan Tao's Peach Group and Virginia Company followed him and divided up the rest, which had no impact on the market at all.

After recalculating the shares, Qin Xiayue's Xiayue Industrial Company holds 37% of Hutchison's shares and is the largest shareholder. Peach Group, Autumn Rain Group, Victoria Company, and Yixin Technology Company are all shareholders of the company, and they firmly control Hutchison Matheson and its eight listed companies.

He Land, Wharf, and the former Yingzhou Cement, Kowloon Bus, Whampoa Dockyard, Xiangjiang Electric, etc., a total of more than 20 listed companies, have all been labeled with Yi Wei, known as the Yi Department Consortium.

So far, Weidong's layout in Xiangjiang has achieved a major staged result. With Hutchison as the leader of the listed company, a rudimentary consortium has been formed.

From pregnancy to birth, medical treatment, schooling, work, consumption, birth, old age, sickness and death, each Yiwei company provides high-quality services throughout the whole process. There are only a few behaviors that do not involve Yixie, such as the airline Weidong.

It's not that Weidong doesn't want to buy, it's just that the Swire Group firmly controls the ownership of the airline, so Weidong can only buy a small part of the stock in his hand, and only a dozen or so points are better than nothing.

(End of this chapter)