legendary trader

Chapter 43 Chapter [-] Acquisition
In the evening, Mr. Zheng came home, and the three of them were taken into the study by Mr. Zheng after they had dinner.

After the few people were seated, Mr. Zheng cut straight to the point and said, "I've asked someone from Dongfang Capital, and they're mainly focusing on real estate development in first-tier cities and land acquisition in second-tier cities, and funds are still relatively tight. "Speaking hehehe laughed.

Chen Fan also laughed, "Then they may not have noticed that the company under their hands has a lot of land, so are they willing to sell their equity?"

Mr. Zheng said: "It will take a few days to think about it. I guess as long as you don't notice the storage land, the probability of the deal is very high. You can stay in Shencheng for a few more days and wait for news from there. .I will also take you out to meet people, and you may need some relationship help in the future."

Chen Fan guessed that Mr. Zheng planned to introduce some small shareholders of the bank and Donghai Storage to them, so he nodded happily.

"Then Uncle Zheng, what about the profit distribution of the project?" Chen Fan asked as he watched Old Zheng smoking leisurely there.

"Hehehe..." Father Zheng looked at Chen Fan and his son Zheng Xiaopang gratifiedly, "Yes, I still know this. But don't think about me, I will only pave the road for you, and build the bridge yourself. Earn money You just need to discuss how to divide the money, remember, you are not allowed to be a banker and cheat people, this is the principle."

After going out, Chen Fan said to Zheng Xiaopang again: "It seems that it will take a few days before the completion of this matter, and I don't know if Zhang Yang's fundraising can go smoothly."

"Don't worry, Bashu Securities dares to open the door to do business. If you can't handle several accounts, who will go to it to do transactions." Zheng Xiaopang shook his head and laughed, "Tomorrow is Sunday, where are we going to play? Forget it, you I don't know, let me arrange it." He said with a lewd smile.

Chen Fan looked at Zheng Xiaopang, shook his head and said, "Aren't you afraid that the person inside will hear it? If you are having a good time tomorrow, your father calls you to come over, hehehe"

Zheng Xiaopang also thought about it, "Forget it, brother will take you to a few shopping paradises in Shanghai, so you can keep your eyes open."

In the next few days, during the day, Zheng Xiaopang took Chen Fan around Shanghai, Nanjing Road, Xujiahui, and Huaihai Road, and the guest rooms were filled with large and small bags.

In the evening, the two of them followed Father Zheng to various gatherings, introduced their son and Chen Fan to some friends, and they also had the opportunity to meet many people in the Shanghai business circle.

Father Zheng called Zheng Xiaopang to come to his office on Wednesday afternoon.

Chen Fan and Zheng Xiaopang went straight over with their new purchases, knowing that it must be Dongfang Capital who answered.

As soon as he entered the door, he saw that Old Zheng's face was good, and he knew that there was probably something going on.

Sure enough, Mr. Zheng said straight away, "The other side agreed, and the initial quotation is 4 yuan per share." Looking at the two people who were beaming with joy, he shook his head and continued, "There should be something to talk about."

Zheng Xiaopang said happily: "4 yuan is not expensive, and some earn money. Sign the contract early to avoid long nights."

Father Zheng shook his head as he watched.

Chen Fan rolled his eyes, but he still said: "It's better to press, it's best to be able to talk about 3 5 to 3 8, the appearance must be sufficient, and the play must be performed in full."

Only then did Mr. Zheng nod his head, "Xiaofan is right. You can talk to Dongfang first, and the bank can handle it."

That night, Father Zheng took Chen Fan and Zheng Xiaopang to visit the home of the president of Shencheng Commercial Bank, and introduced the two juniors to President Tang.

The next day, Chen Fan and Zheng Xiaopang followed the people arranged by Mr. Zheng to contact with the people from Dongfang Capital Management Company, and began to discuss the transaction. The Hongda company borrowed a group of people to help, and gathered lawyers, accountants and negotiators.

The secret meeting started on Thursday, and on Friday, the bank representative arranged by President Tang also entered the negotiation venue and presented the document that Shencheng Commercial Bank provided guarantee for Chaofan Investment's equity acquisition. Without financial concerns, the negotiation was further accelerated conduct.

After three consecutive days, the terms of the transaction were basically reached in the morning of Saturday, and the formal transaction contract was signed near 12:[-] noon.

Chaofan Investment acquired a total of 3.70 million shares of 40% of Donghai Warehouse held by Orient Capital Management at a price of 4000 yuan per share.

According to the agreement, the transaction needs to be completed within a week, and when the funds arrive at Donghai Capital's account, Donghai Warehousing will be transferred to Chaofan Investment Company on the exchange.

Chen Fan estimated that Orient Capital should be so eager to cash out because of a project that urgently needs funds.

On the afternoon of the day when the agreement was reached, Chen Fan and Zheng Xiaopang began to call on several small shareholders of Donghai Storage to discuss the acquisition of shares.

Because the major shareholder, Dongfang Capital, has already been transferred, and the other small shareholders are not at ease that the company will be handed over to a few children, so they happily completed the equity transaction negotiations. Compared with the contract of Dongfang Capital, they signed several equity transactions. protocol.

On Monday and Tuesday, Chen Fan and Zheng Xiaopang completed the acquisition negotiations of the minority shareholders of Donghai Storage.

In the past two days, the two were either negotiating or signing a contract, or they were staying at the headquarters of Shencheng Commercial Bank to handle the loan procedures. Because of the guarantee from Mr. Zheng, the bank transferred all the funds on Wednesday.

The total amount of this batch of funds is 2.1 million yuan, and the interest is calculated according to the bank's standard loan interest rate of 50%, and the 67% stake in the acquisition of Donghai Storage is pledged.

In this way, Chen Fan has already held 67% of the shares of Donghai Storage, plus half of the chips in the market, he can prepare for the privatization and delisting operation.

Chen Fan contacted Dongfang Capital Company and other shareholders as soon as possible to complete the transfer of funds and transfer of shares.

Walking out of the exchange, Zheng Xiaopang patted the bag in his hand, "The leather bag company is good, everything is convenient and quick."

I contacted Zhang Yang who was still in Rongcheng, and told him that the plan was going well, and tomorrow Chaofan Investment will officially enter the big stage of the domestic capital market.

In the afternoon, the two of them directly took over Donghai Warehouse with people seconded by Hongda Company, stating that the company's current positions will remain unchanged, but the representative of Dongfang Capital will withdraw and Chen Fan and Zheng Xiaopang will take over.

At the same time, the secretary of the board of directors was arranged to formally submit the equity change announcement to the stock exchange. In order to avoid legal obstacles, Chen Fan did not transfer the stocks of several personal accounts to the company account, and planned to transfer them after the delisting started.

On Thursday, the market was blown away by the sudden suspension of Donghai Warehousing and several consecutive announcements.

"Equity Transaction Announcement", it is easy to understand, the shareholder has changed, as for who to change?Who knows, who cares?
"Big Shareholder Tender Offer Agreement", what the hell is this?Tender offer?3.70 yuan per share, and the stock price of Donghai Storage is still around 3 yuan, with a profit margin of [-]%.

"Delisting Statement", this is something that can be called a nuclear bomb.What the hell is delisting?

There are a lot of legal documents at the back to prove the legitimacy of the relevant announcement.

The previous two announcements are easy to understand. Every year, many listed companies conduct equity transactions in the stock market, and equity transactions generally involve the issue of tender offers. Some of them apply for exemption from tender offers, and some want to lower the price of tender offers. They do not want to implement tender offers.

But this time is different, it is a tender offer at a high premium, and it is a real plan to take away the stocks in the hands of shareholders.

The market exploded, and various funds began to trace what kind of company Chaofan Investment is?Where?What are they going to do?What is it about Donghai Warehousing that could attract a company to take it private?

A series of questions were thrown, but no one answered.

Listed companies seldom introduce their own asset layout in detail. Generally, they only explain the company's asset status in the listing report. After listing, the assets are released in the form of announcements. According to the hundreds of resolutions of the company's board of directors every year, the asset distribution of listed companies can be pieced together. , but that is very cumbersome and troublesome.

Generally, the company's annual report will only introduce the company's production situation in the current year, and it can also give a glimpse of the new production capacity.

However, as an old listed company, Donghai Warehousing has searched through the company's announcements and found no value.

However, some research institutions still found some clues in the listing report of Donghai Warehousing, but because of the long time, it still takes time to verify, so the relevant research information has not been circulated in the market.

After trading was suspended for two consecutive days, the stock market opened as usual on the weekend. The only change is that Donghai Warehouse no longer has the auction trading link and the on-market trading link.

(End of this chapter)