Start from 1980

Chapter 783 First Shareholder
The British found Saatchi & Saatchi a nuisance.

It simply made them hate it to the extreme, and no Chinese company has ever made them hate it so much.

Tonight, not only Shi Yahuai's family, but also countless people can't sleep.

Many people couldn't help but look up at the building when they passed by the Shengshi Building.

Because the owner of this building often makes outrageous moves in the Hong Kong stock market, countless people in Hong Kong's financial circles pay attention to this building at any time, and some people even can't sleep because of it.

This is a company full of vigor, and what is even more frightening is that the person in power is not over thirty.

There are also people who envy Mr. He's discerning eyes, and fall in love with such a wealthy son-in-law at a glance.

As for those who want to bring down the prosperous world from the movie, their hearts are so complicated that they don't know how to describe it.

They tried their best to dig into the corner of Shengshi, but found that people didn't care about their attacks at all.

Like an ant trying to bring down an elephant.

But no matter what, if Prosperous Age can knock Taikoo down again, it will definitely occupy the c position in the fiercely competitive circle of Hong Kong's top rich people, and take the center stage of the world with an unstoppable attitude.

……

The next day, before the market opened, many people had already set their sights on the shares of the Swire Department.

Yesterday was just one day, and the equity interests of Cathay Pacific and HAECO had already fallen to the ground, so if there is no accident, the battlefield today should be Swire shares.

However, not long after the market opened, HAECO issued a board announcement announcing the resolution of the board of directors.

Ms. Tang Wanru of Shengshi Holdings was elected by the board of directors to be the chairman of HAECO, and according to gossip, it was heard that the Taikoo department of HAECO had been purged.

Although the source is unknown, most believe it to be true.

Tang Wanru, the new chairman of HAECO, released a new strategy:
Considering that the development of Port Machinery is too slow, we will actively introduce foreign capital and make every effort to build a new Port Machinery with global competitiveness...

The news quickly spread to the fiery stock exchange, and the most worrying thing happened, which made many long-term investors feel their scalps go cold.

Sure enough, under the claws of Shengshi, no company can escape being privatized.

At the same time, the Swire Group announced in a high-profile manner that it will mobilize HK$30 billion for anti-acquisition.

As soon as the news came out, it gave people a feeling that the battle had already heated up.

Su Chen personally sits in charge of today's operation. In the huge office, there are crowds of people in front of the computer, and everyone is busy in a tense and orderly manner.

In the past, in the traditional stock market trading, specialists wrote stock quotations sequentially on the trading board in the exchange, but the traditional trading mode underwent drastic changes in the 80s.

Personal computers were brought to market on a large scale, and their computing speeds became faster and faster.

Whether it is the financial institutions in the United States or the major exchanges in other countries, they are equipped with computer trading software with computing power far superior to humans and error rates much lower than humans for stock trading.

Investors can use computers to obtain information, buy and sell, and financial institutions generally use computer programs to conduct quantitative transactions.

In the two years of 1986 and 1987, the optimism of investors almost became a general "consensus", and the inherent unstable factors in the market seemed to be insufficient to arouse people's vigilance and attention.

Everyone blindly believes in the so-called "market confidence" and completely entrusts the early warning of risks to the so-called "computer program".

The risk of the market itself is not the biggest risk, but the selective disregard of risks is the deadliest of all risks.

这就导致86年9月11日至12日，道琼斯工业指数出现高达120.78点的下跌。

尤其是9月11日的单日下跌更是创出1962年5月28日以来的最大跌幅。

A few months later, on January 1987, 1, the one-day sharp drop happened again in the US stock market.

当天的下午1点30分到3点之间，道琼斯工业平均指数先是猛跌115点，随后上升60点。

Such a large rise and fall is also very unusual in the stock chart for several hours.

But what people talk about the most is not words such as "fear", "fall", and "stock crash", but words such as "computer program trading", "profit", and "crazy".

This is the headquarters of Shengshi, and everyone is a well-known trader.

Due to adequate preparations, it is possible to make such a rapid progress on the Hong Kong Stock Exchange that it is invincible.

Facing Taikoo's announcement, Su Chen was not surprised at all. It would be surprising if the Taikoo Group didn't make some preparations.

After the market opened, Swire shares broke through again on the basis of yesterday's surge.

Starting from HK$58, the stock price was like a runaway wild horse, supported by surging buying all the way up, and soon broke through HK$80, HK$100, and HK$120.

The battle has once again entered a glued state. Under Swire's HK$30 billion anti-acquisition, as of the close at noon, Swire shares reached 140.3 Hong Kong dollars per share.

Such a soaring speed has made the market transactions very hot, with a half-day turnover rate as high as 57%, and a turnover of more than 150 billion Hong Kong dollars.

Shi Yadi's eyes were red, under pressure, trying to resist Shengshi's attack.

After the market opened in the afternoon, Taikoo shares still maintained a strong upward trend of shocks, stubbornly hitting new highs against a large number of sell orders, and the highest ever hit a high of 165 Hong Kong dollars per share.

Previously, Swire shares were hovering between 58 and 284.48 Hong Kong dollars. From the opening price of [-] Hong Kong dollars this morning, they soared as high as [-]%, and the market fell into a carnival.

Long and short fell into a fierce game, and there were constantly large sales orders, worth millions of shares, which soon disappeared in the frantic buying.

Today's battle is all about you coming and going. By the time the market closed in the afternoon, the 30 billion Hong Kong dollars raised by Swire Group had been exhausted.

Shengshi lost its position as the first shareholder of Swire Pacific, and its shareholding fell from 38.5% to 33%.

At about six o'clock in the afternoon, Shengshi issued an announcement.

It was announced that a general takeover offer for Cathay Pacific would be launched. Although everyone had prepared for the news, they did not expect this day to come so soon.

A comprehensive acquisition is to privatize Cathay Pacific.

Shengshi used this tactic extremely skillfully, and the next step was the issue of the price of the tender offer.

This price is mainly determined by Shengshi itself on the basis of the rules formulated by the regulatory agency. After all, buyers and sellers are market-oriented behaviors.

Of course, this price must be higher than the current price, otherwise the Shi Yahuai family would be crazy to sell it to Shengshi at a discount for charity.

Even if the British do not want Shengshi to acquire Cathay Pacific so smoothly, they can only find loopholes in the rules of the regulatory agency to block Shengshi's acquisition offer.

Moreover, the comprehensive acquisition offer initiated by Shengshi was passively triggered.

Because Shengshi already holds more than 30% of the shares of Cathay Pacific, if it wants to continue to acquire the company's shares, and the shares exceed 5%, it can only be acquired through a tender offer.

The existence of this rule makes those who want to make a fortune silently blocked by the official at once.

If a listed company has normal operating performance and a stable and excellent management team.

This is a situation where everyone is happy, but if a person suddenly comes, just because he has money, he willfully buy the company, change the company's goal direction, and change the management team.

And these directions and these teams are completely unknown to the old investors, which seriously damages the right to know of other shareholders.

This happened to be the case in Shengshi, and the crazy privatization made every company that was touched by them extremely hate.

What's more, Cathay Pacific is equivalent to the illegitimate child of the British.

Therefore, everything has advantages and disadvantages, and the formulation of every policy reflects the wisdom of decision makers to some extent.

After Saatchi announced the launch of a general takeover offer, Cathay Pacific announced the suspension of trading.

As for when trading will resume, it is temporarily to be determined.

The British also issued an announcement, stipulating that the price of this offer should not be lower than the highest price that Shengshi bought Cathay Pacific shares in the first 6 months.

Many people feel that Shengshi may be kicking the iron plate this time.

The next day.

After the opening of the stock exchange, Taikoo shares fell into a fierce game again, which soon reached a fever pitch. Shengshi Holdings successively threw out huge sales orders to suppress the stock price with all its strength.

Swire Group continued to invest heavily to maintain the stock price through stock pledges, and once again urgently borrowed funds to fully absorb chips.

The long-short pair is still fiercely competing around the 150 Hong Kong dollar a share mark, and the shareholding of Swire Group is rising steadily. The situation is very unfavorable for Shengshi Holdings.

In order to take advantage of the victory and pursue the pursuit, Shi Yadi resorted to all means.

The market has always been cruel and ruthless, and only huge amounts of capital are qualified to speak. When the stock price is falling all the way, the direct consequence is that the more you buy, the greater the loss, until you lose everything in the end.

Within a day and a half, the Swire Group lost more than HK$50 billion, and many of its major clients’ trading positions were liquidated. They lost everything, and their shareholding ratio increased from 39.42% to 43.62%.

However, if there is no continuous liquidation of major customer seats, Swire may win today.

Unexpectedly, an hour before the market closed in the afternoon, Shengshi's shareholding ratio soared from 33% to 43%.

As soon as it started, Shengshi announced the increase in its holdings, announcing the shocking news of the increase to 10% to the market, and announced that it would hold a board of directors of Swire Pacific.

Affected by this news, in just half an hour, Swire shares were continuously suppressed by large empty orders at the high point of 165 Hong Kong dollars per share, and the stock price fell amidst the rain of selling orders.

A large number of market investors and the main buyer, Swire Group, had no time to withdraw their purchase orders, and even within a few minutes, a huge transaction of more than 30 billion Hong Kong dollars was made, setting the highest trading volume per unit time in Hong Kong stocks.

Shengshi continued to smash and attack wildly.

Seeing this scene, speculators poured cold water on their heads like a pot of cold water. This company is coming too fiercely.

Many people immediately backhandedly borrowed shares to place sell orders, and a little less loss is a little bit.

Swire's continuous buying orders were quickly overwhelmed by the surging sell orders, and the stock price plummeted to 150 Hong Kong dollars, 120 Hong Kong dollars, and 100 Hong Kong dollars.

The two sides fell into a fierce competition at HK$100, and finally closed at HK$90.53 per share.

No one knows how far the stock price will eventually fall.

But only a very small number of people choose to do more.

Only 15 minutes after the opening of the market on the second day, it dropped from 90 Hong Kong dollars per share to 70 Hong Kong dollars per share!
Near the close at noon, Swire shares plummeted all the way to 52 Hong Kong dollars a share.

Shengshi smashed the market extremely fiercely. It smashed the stock price below 30 Hong Kong dollars a share several times.

Swire shares has been on a roller coaster for the past two days. No matter how much it soars, it will eventually fall back to its original price.

In the afternoon, just before the market closed, Shengshi issued another notice to increase its holdings, announcing to the market that it had increased its absolute controlling stake to 51.8%, and suspended trading the next day to hold a board meeting.

In just four days, Sheng Shi firmly sat on the position of Swire's largest shareholder...

(End of this chapter)