Start from 1980

Chapter 1065 Someone Is Fishing in Troubled Waters

Countless people began to analyze the trend of Shengshi.

Securities sources believe that the acquisition of Miramar this time is basically a replica of Shengshi's acquisition of Hengchang.

The only difference between the two is: Miramar is a listed company, mainly engaged in hotels, real estate and travel organizations; while Hengchang is a private company, mainly engaged in trade and car agency.

However, these two acquisitions do have many similarities: First, both companies are large and influential merchants in Hong Kong, with a broad business scope and a lot of valuable property assets. Hua is 70 billion Hong Kong dollars.

Both companies have a strong foundation laid by the first generation of entrepreneurs, but with the death of the first generation or getting old, they want to withdraw from the front line, and the next generation of successors have no intention of taking over the inheritance business in addition to the troubles of business and equity dispersion. .

As a result, the company did not actively expand its development, but focused on steady development.

Secondly, the members of the board of directors of these two companies are almost the same group of people, including He Shanheng, He Tian, ​​Li Guowei, etc., and the last time Hengchang Enterprises was able to successfully complete the equity transfer was He He with the largest shareholding. Leung first agreed to sell the shares, and He Tiangeng took the initiative to join the acquisition consortium through the Ho Houqiang brothers.

Therefore, these two acquisitions involved several veteran figures with leading positions in the Hong Kong business community, and these people all played an important role in going through the needle.

Thirdly, in the two acquisitions, both the acquirer and the financial advisor representing the acquirer are almost the same people.

However, some people think that Shengshi's acquisition should have a great chance of winning.

After all, that's what they've done before.

After the news spread, Yang Bingzheng, the managing director of Miramar Hotel, published an open letter in his own name that night.

"Although Ms. Mary has repeatedly stated that this is a friendly acquisition, due to the sudden incident, I need to ask the chairman for instructions before answering.

However, for such a huge acquisition, if the parties concerned cannot be given proper time to understand and ask for instructions, and the sudden action is taken, it certainly cannot be regarded as a friendly or bona fide acquisition.

And I think Miramar's stock price is at least 20 Hong Kong dollars per share, not to mention that Miramar's property assets are already worth 20 Hong Kong dollars per share at this time.

In addition, since 1979, the group began to expand the mainland market to stabilize Miramar's reputation and foundation in China. This is also one of the intangible assets. At present, many of the group's investments have gradually entered the harvest period, and all aspects of business have improved. "

But that night, someone saw Su Chen and Tang Wanru inviting He Shanheng to have dinner together.

Everyone speculated whether there was internal strife among the members of Miramar's board of directors.

Stimulated by the news of the acquisition, the share price of Miramar Hotel shares soared significantly the next day.

It once rose to the level of HK$16.5 per share, which suddenly surpassed Shengshi's acquisition price, indicating that someone may intervene in the acquisition war and is absorbing Miramar shares in the market.

……

"It seems that someone is also fishing in troubled waters." Su Chen looked at the rise of Meilihua's stock price and said, "I just don't know which way it is."

Tang Wanru analyzed: "It is very likely that it is CITIC or Cheung Kong, but it is not ruled out that it is Sun Hung Kai."

Just when the two were guessing which company would end now.

People in the securities industry also pointed out that Shengshi's plan to acquire Miramar may fail, and they may transfer the acquisition target to Kailian International, which also has a hotel property in Tsim Sha Tsui, or even some high-asset, low-market shares.

As a result, this news actually drove the stock prices of Kailian International and Wanbang Investment to rise one after another.

It was also reported that Boss Zheng joined the Miramar takeover battle and offered HK$17.5 per share, which was HK$2 higher than Shengshi's purchase price.

However, this rumor was immediately denied by the Zheng family.

Boss Zheng said: "Yang and I are good friends. We often played mahjong when he was alive. I wouldn't do that."

In order to dispel everyone's suspicion, Zheng Bing has repeatedly stated that he does not hold any shares in Miramar Hotel.

At this moment, Henderson Land suddenly jumped out and announced to intervene in the acquisition war.

At the same time, I am willing to add one Hong Kong dollar on the basis of Shengshi.

Increase the purchase price of Miramar to 16 Hong Kong dollars per share to increase the attractiveness of the acquisition. If his purchase price is followed, it means that the funds involved in this acquisition will increase to 5 billion Hong Kong dollars.

As soon as the purchase price was announced, everyone was in an uproar.

Originally thought that Shengshi's purchase price was the conscience of heaven and earth, but unexpectedly Li Sishu's price was even higher.

Just when everyone, including Uncle Li, thought that the acquisition was going to succeed.

Shengshi once again announced new news.

表示已购入34. 78%的美丽华股份及34.39%的美丽华认股权证，作价分别为每份17港元及每股10港元，主要由大股东杨氏家族售出，涉及资金达33. 57 亿港元。

As the 35% general takeover point has not been triggered, Shengshi does not need to make a general takeover proposal.

Uncle Li was confused.

Because according to his estimation, the value of the real estate owned by Miramar is about 150 billion Hong Kong dollars. If it is purchased at 17 Hong Kong dollars per share, the acquisition amount will be about 90 billion Hong Kong dollars, which is only equivalent to [-]% of the expected value, which can be said to be quite cheap.

Before Shengshi announced the news, he had already invited Yang Bingzheng to discuss. Yang admitted that the family intends to sell Miramar's equity in order to cash out funds and allow the brothers to develop more freely.

Uncle Li expressed his willingness to purchase and asked Yang to go home to discuss.

Soon, Yang sent an important message to Uncle Li: his mother, Mrs. Yang, hoped that Li could purchase shares of Miramar, and asked Li to promise not to "destroy" Miramar after the successful acquisition, and Yang would still be in charge of the business.

In this regard, Li Sishu generously agreed.

But why would the Yang family sell their shares to Shengshi?

Could it be that what condition Sheng Shi promised to the Yang family failed?
After all, Mrs. Yang once said:

"The shares to be sold by the Yang family should go to the one with the highest price, but our situation is quite special, because the fourth brother and my late husband are good friends, and my late husband has always been a director of Henderson during his lifetime. With this relationship, even if It’s the same purchase price, and I’ll sell it to Fourth Brother without any hesitation.”

The fourth brother is long and the fourth brother is short, so why didn't they sell it to the fourth brother?

Uncle Li couldn't figure it out.

After the news that Shengshi acquired nearly [-]% of Miramar's equity came out, it caused a sensation in Hong Kong.

Hong Kong media have made comments.

The headline of "Sing Tao Evening News" is "The return of the prosperous king, how Henderson Industries will respond"

The title of "Next Weekly" is [The giants face off, ready for battle]

The title of "Metropolis Morning Post" is "Miramar——The Battle of the Two Giants"

The takeover battle has intensified and escalated further.

Comments in all newspapers and magazines generally pointed out that Saatchi & Saatchi has acquired 34% of Miramar's shares, but has not proposed a full acquisition.

In fact, it is already in a favorable position where it can attack and defend, while Henderson has changed from active to passive, and has gradually lost the wind.

Uncle Li responded immediately by announcing a second increase in the purchase price, HK$17 per common share and HK$10 per warrant, on par with Prosperity, and the funds involved in the acquisition increased to HK$96 billion.

And after Uncle Li's price increase, Shengshi's situation is also more awkward. If Shengshi buys more, it will trigger a full-scale acquisition point. The most conservative estimate will use more than 90 billion Hong Kong dollars.

Although Shengshi has such strength, it seems that there is no need to do so.

But everyone thought that Shengshi would open his mouth wide and swallow Miramar Hotel in one gulp.

Then go crazy and privatize the hotel, as they have done in the past.

But everyone didn't expect that the real purpose of Shengshi was not the Miramar Hotel, but to attack Li Cucumber, and planned to drag Li Cucumber into the mire of Miramar.

On the night when Fourth Uncle Li announced the increase in the stock price, Su Chen invited him to dinner.

Besides Su Chen, Yang Bingzheng of the Yang family was also there.

As soon as they met, Su Chen said, "Fourth Uncle, how about I transfer the original price of the Miramar shares I have acquired to you?"

Fourth Uncle Li was stunned for a moment.

Turning to look at Yang Bingzheng, after all, Yang Bingzheng promised to sell his shares to him, why did he suddenly sell them to Shengshi?
"Fourth uncle, please sit down first, and I will talk to you slowly."

"Okay, if you can't tell the reason, our friendship will be gone." Uncle Li was very depressed because he felt that he was being played by someone...

(End of this chapter)