Reborn in Hong Kong as a Tycoon

Chapter 311 Acquisition of Qizhou Yingni ([-])

On Monday, as Lin Baicheng announced that he had become the largest shareholder of Qizhou Yingni and would no longer buy shares, the stock price of Qizhou Yingni immediately fell sharply, from more than HK$3 to HK$2.5.

The reason why the stock price has fallen so much is because the Hang Seng Index is still falling.The expected takeover battle did not happen, and the market conditions were not good, so the stock price naturally collapsed.

However, when the stock price fell below 2.5 Hong Kong dollars, Lin Baicheng asked Anyuan to arrange for someone to buy the shares of Qizhou Yingni.This time, I bought slowly, and bought as many stocks as possible without raising the stock price as much as possible.

Although there is already an agreement with Li Jiacheng, after acquiring Li Jiacheng's shares, Lin Baicheng's shareholding is close to the line of 49.99%. Shares 49.99% so much.

But buying stocks now isn't without its benefits.If you want to conduct a comprehensive acquisition, the more you buy now, the smaller the price you will pay when the comprehensive acquisition is made.Even if there is no comprehensive acquisition, there is no harm in increasing the shareholding when the stock price is low. After all, Lin Baicheng wants to buy from Li Jiacheng at a price of 3 Hong Kong dollars per share. The less Jiacheng can buy, the less money can be paid.

Lin Baicheng gave Gu Luo Kane a time limit until Thursday, but on Tuesday, Gu Luo Kane contacted Lin Baicheng and told Lin Baicheng the decision of the entire Kane family.

The Kane family is willing to give up the control of Qizhou Yingni Company and sell their shares, but they feel that the price of 3 Hong Kong dollars per share is too low. Qizhou Yingni Company is the brainchild of the Kane family and should Worth more money.

After some consideration, Lin Baicheng arranged for Liao Siren to negotiate with Guro Kane. His reserve price was 3.3 Hong Kong dollars per share. If the price was higher than this price, he would not plan to make a comprehensive acquisition.After all, as long as the land in Hung Hom can be obtained, and the cement company in Yingni, Qizhou, is controlled, it doesn't matter whether the company can fully acquire it.

Because of the negotiation between the two parties on the price, Lin Baicheng did not immediately take over Yingni in Qizhou.On the one hand, Liao Siren was asked to negotiate with Guluo Kane, and on the other hand, Anyuan was asked to purchase the shares of Qizhou Yingni in the stock market, a two-pronged approach.

After two days of negotiations, the two sides negotiated a deal.

Lin Baicheng bought 3.2% of the shares of Qizhou Yingni held by the Kane family at a price of 28.6 Hong Kong dollars per share, which is 1430 million shares, totaling 4576 million Hong Kong dollars.

The two parties only negotiated a deal for the time being, but did not conduct a formal transaction immediately. Instead, Liao Siren and Guro Kane, with the help of Guro Kane, also bought several shares of the company at a price of 3.2 Hong Kong dollars per share. 7.6% of the shares in the hands of a minority shareholder.

After negotiating with the minority shareholders, all transactions were carried out together. A total of 36.2% of the shares, 1810 million shares, were purchased by Lin Baicheng at a price of 3.2 Hong Kong dollars per share, which cost 5792 million Hong Kong dollars.

"Mr. Kane, happy cooperation!"

After the two parties formally signed the equity transfer contract, Lin Baicheng shook hands with Gu Luo Kane in the conference room of Qizhou Yingni.

"It's just a forced choice."

Gu Luo Kane shook hands with Lin Baicheng with a wry smile. The Kane family had already decided to return to England for development, so he didn't have to lick his face to express that this was a happy cooperation.It was a pleasure for Lin Baicheng, but not for their Kane family.

"I will have to trouble Mr. Kane for the handover work afterwards."

Lin Baicheng smiled indifferently, after all he was the winner.

"Don't worry, I will cooperate."

Gu Luo Kane will of course cooperate, because Lin Baicheng has only paid 70% of the share transfer fee now, and the rest will be paid within half a year, and the sooner Lin Baicheng controls Qizhou Yingni Company, the sooner the remaining amount will be paid to he.

More than half an hour later, Lin Baicheng entertained Li Jiacheng and his party in Yingni, Qizhou.

"Li Sheng, I have already acquired all the shares held by the Kane family and other small shareholders. Now I hold 75.3% of the shares, which is enough to initiate a full acquisition of Qizhou Yingni Company. Now the company's control is in my hands. hands."

Lin Baicheng acquired 36.2% of the shares from the Kane family and other small shareholders. He acquired 3% of the shares these days and increased his original shareholding to 39.1%. The two combined reached 75.3% of the shares.

At this moment, even if Li Jiacheng violates the agreement and does not sell his shares to Lin Baicheng, Lin Baicheng, who holds more than 75% of the shares, has already completed the full acquisition of Qizhou Yingni Company.

After that, Lin Baicheng will use the highest stock price of Qizhou Yingni on a certain day in the last six months to make a compulsory acquisition of the remaining shares.The remaining shareholders can either choose to sell their shares at the highest price of 3.28 Hong Kong dollars in six months, or choose to become a long-term minority shareholder after Lin Baicheng privatized and delisted Qizhou Yingni.

It is hard to say when the shareholders of this delisted company will see profits. The problem is that the invested money cannot be sold for cash at any time like a listed company.If Qizhou Yingni Company eventually becomes worthless, the investment money will also become worthless, so when a general takeover occurs, usually the remaining shareholders will sell their shares.

"Then I'm here to congratulate Lin Sheng!"

Li Jiacheng was a little surprised, and after congratulating him, he said, "Then I wonder if the agreement between you and me will still work?"

"Of course it worked!"

Lin Baicheng responded with a smile.

"Lin Sheng, if you say that, then I can rest assured."

Li Jiacheng had no intention of repenting, and he didn't even ask for a bargain, so Lin Baicheng also bought his shares at the highest price of 3.28 Hong Kong dollars.

Lin Baicheng and Li Jiacheng only verbally confirmed that there was no change in the agreement, and they did not proceed with the transaction immediately, because Lin Baicheng is not yet the chairman of Qizhou Yingni Company, and the control has not yet been obtained.

By next Monday, Qizhou Yingni Company will hold a shareholder meeting and a board of directors meeting. At that time, Lin Baicheng will be elected as the chairman of Qizhou Yingni. At the same time, members of the Kane family will also resign from the board of directors, truly giving up control of the company. right.

Although he has not really obtained the control of Qizhou Yingni, at noon of the same day, Lin Baicheng announced in his own name that he would initiate a comprehensive acquisition of Qizhou Yingni Company at a price of 3.28 Hong Kong dollars per share. shares.

After five trading days, Lin Baicheng will stop the acquisition and then delist Qizhou Yingni Company.Therefore, stockholders have only two choices, either sell the stock at a price of HK$3.28 per share, or hold the stock as a long-term shareholder of Qizhou Yingni Company.

(End of this chapter)