After a thousand years of trading, start a million barrels of oil

Chapter 165 The storm is coming

Zhang Rujin and Jiang Fan were stunned for a moment when they heard this, Zhang Rujin realized that the opponent used the tactic of short selling and then buying.

First make a fortune by short selling, and after reducing assets to a low level, buy valuable companies to achieve the purpose of holding profits. This is a beautiful move.

Assistant Zhang Rujin also added: "The other party bought 5% of the stock from the secondary market within one day, and we found out after the first call."

The so-called placard is a rule to protect the interests of small and medium investors and prevent large institutional investors from manipulating stock prices. When investors hold 5% of the issued shares of a listed company, they must make an announcement within 3 days.

"Do you know the background?" Zhang Rujin asked.

The assistant nodded. According to our investigation, it used a large amount of leverage to allocate funds, and the source seemed to be foreign capital.

"Sure enough." Zhang Rujin said, and looked at Jiang Fan after speaking, "If you guess correctly, the short-selling capital and the barbarians at the gate should be the same group.

And their purpose, in addition to making a fortune through the capital market, is also aimed at the chip alliance.

As a chip foundry company, Zhongxin International has a pivotal position in the entire chip alliance. If it takes control through the capital market and influences the decision-making of the board of directors, then the most important link of the entire chip alliance will be very dangerous. "

Jiang Fan frowned after listening to this. He knew that the old man's words were rather tactful. All the research and development and industries of the chip alliance will eventually converge on chip manufacturing. If Zhongxin International, the final convergence point, is controlled by others , then everything done before will immediately become meaningless.

"We have to think about how to deal with it." Zhang Rujin said in a deep voice.

On the other side of the ocean, the old man and his subordinates were discussing the results of this plan.

"William, your capital operation is really clever." Some members looked at the old man and praised.

The old man is also very proud, although they have obtained the information that the China Chip Alliance is only going to produce 12nm chips, which does not pose any threat.

But on the one hand, it was the active request of Black Rock Fund, and on the other hand, he considered the other party's previous series of sudden counterattacks on lithium batteries and EDA.

So out of prudent considerations, he still approved the short-selling plan of Black Rock Fund, and also asked them not only to short-selling, but also to conduct a brutal acquisition of the core company SMIC of the opponent's chip alliance from the secondary market, as long as this key piece is grasped , then it is useless for the opponent to have any hole cards.

Of course, the public opinion of some newspapers and media is also arranged by him, which is just icing on the cake.

After the old man was satisfied, he paused and said, "Fortunately, their company's equity is dispersed, and there are too many retail stocks circulating in the market, which gave us a chance to sell."

Some members also agreed: "So to deal with the Chinese people, we still need to use our best financial means. We have established a financial country for so many years, and what we have accumulated is not comparable to them in a short period of time.

Including the lithography machine giant ASML, the technology development was good at the beginning, but in the end it was different and we took it down with financial means.

There is also Bangziguo Sanxing, many people may not know that our Eagle Sauce is their largest shareholder, so Sanxing is actually an American company, hahaha~"

Everyone also burst into laughter.

The old man bowed his hand, asked everyone to be quiet and said: "But we should not take this matter lightly, and do it as soon as possible.

David, contact Black Rock Capital Pete after the meeting and ask him to carry out follow-up operations as soon as possible, so that the bag can be settled as soon as possible. "

David: "OK"

On the Huaxia side, the enterprises controlled by Black Rock Capital raised their cards four times in succession, leveraged nearly 4 billion funds, and won 26% of its shares before Zhongxin International had time to react, becoming the largest shareholder , and proposed to hold a shareholder meeting in the near future to reorganize the board of directors.

Fortunately, Zhongxin International urgently applied for a trading suspension to prevent it from continuing to erode shares, and held a management meeting to discuss countermeasures.

"The other party is not kind." The chairman of Zhongxin International looked solemn, and at the same time looked at Zhang Rujin and said: "Mr. Zhang, what do you think the other party's purpose is this time?"

Zhang Rujin coughed lightly and said, "The other side's hostile acquisition, apart from wanting to benefit from capital, is probably aimed at the Chip Alliance. They hope to cut off the entire production chain by acquiring us, and prevent Huaxia from doing so. The rise of the chip."

The chairman of Zhongxin International nodded, which was consistent with his judgment, and then he looked at the crowd and said, "Everyone, tell me how to deal with it? Vice President Liu, tell me."

The vice president who was named by the chairman said while thinking and expounding: "It's a pity that we don't have an authorized capital system like Yingjiang, otherwise we can use the poison pill plan to bypass the shareholders' meeting and continue to issue new shares to dilute their shares.

Our statutory capital system must go through the shareholders' meeting, but the opponent is already the largest shareholder, and it is impossible for him to raise his hand to agree to dilute his shares at the meeting.

How about a golden parachute? "

What Vice President Liu wanted was to use a golden parachute, agreeing that if a hostile takeover occurs, all senior management teams will leave and the other party will have to pay extremely expensive severance pay to increase the opponent's acquisition cost.

Zhang Rujin shook his head and said: "It won't work, we didn't make an agreement in advance, and the other party values ​​our newly developed chip, even if they pay more severance pay, as long as the core assets are there, they will not give up the acquisition."

Vice President Liu also thought it was impossible, and thought for a while and said: "If that's the case, or use the crown jewel to self-mutilate, he values ​​our newly developed chip, and we will sell it.

For example, selling to a friendly manufacturer in the chip alliance, making the company lose its acquisition value, and letting the other party take over from us to continue the process, is this feasible? "

Zhang Rujin pondered for a while, this is a strategy, but the investment in this is huge, no one in the alliance can afford it, and they are also reluctant, and there is still the problem that all the manpower and material resources of the other party will be reorganized after the delivery. The time was greatly delayed, and it was too late to catch up with the progress.

He expressed his concerns, and everyone agreed that none of these three methods would work, and the only way left was to find the white knight.

But everyone discussed it, they are too big, and everyone in the chip alliance has invested money in the research and development of this new chip. Even Meng Wanzhou will not be able to pay for it for a while. Make this white knight.

Therefore, the whole meeting was deadlocked, and they could only disperse first.

After the meeting ended, Jiang Fan happened to call to ask about Zhang Rujin's current situation, and Zhang Rujin had no choice but to report back to Jiang Fan the situation discussed at the meeting.

After Jiang Fan heard this, he also found it very difficult. He had invested all his personal property and couldn't get it out for a while.

He hung up the phone and asked Meng Wanzhou if she could quickly raise hundreds of billions of funds to save the situation, but the answer he got was not satisfactory, and the money was invested in chips.

Through Zhang Feng's question about the state-owned assets, it seems that there are some reasons at the top that make it difficult for them to make a move, which also makes Jiang Fan more convinced that this time it is not just as simple as hot money.

"Where can I get so much money? Time is so tight, the shareholder meeting will be in 3 days, and it must be reliable and not intervene after the purchase is completed, and it must be willing to be anti-acquisitioned in the end. Don't drive away the tiger and attract another one." Wolf." Jiang Fan thought about it, and suddenly he thought of a source.

Tom, the negotiating team led by Eagle Sauce Qualcomm, also knew the news. When they originally established the chip alliance in China, they had already received news from the other side of the ocean. concession.

And when he knew that Black Rock Fund on his side completed the holding through capital, and almost completed the cleansing of the management team of Zhongxin International, the core enterprise of the other party's alliance, he was full of information and felt that he had a chance to win.

negotiating table.

Meng Wanzhou, the negotiating team leader: "I don't think we can accept the plan you proposed in exchange for 2000 5G patents. We can accept up to 800, and the specific patents need further negotiation."

The negotiating team leader is still thinking of various ways to mediate and delay the time.

Today, Tom completely lost the irritability he felt when he was tortured by the other party a few days ago. After taking a sip of water, he lightly picked up the cup and said with a smile:

"I'm not here today to talk to you about whether 2000 patents accept this proposal, but we are going to increase the number of patents you need to pay to 3000."

The negotiating team leader frowned: "What do you mean?"

Tom said unhurriedly: "In fact, we have always known what your chip alliance is doing, 12-nanometer chips, well, they are high-end, barely.

With this, you may have a little bit of capital to negotiate with us, just because you have a little more potential.

But it's a pity that now you may even lose this potential. Don't you know that Zhongxin International will hold a shareholders' meeting tomorrow to reorganize the board of directors.

By that time, the most core companies in your alliance will all belong to us. How much do you think you have to bargain with us? "

The negotiating team leader frowned, of course he knew about this, and he knew that this time it was not the production of 12-nanometer chips, but 5-nanometer or even 2-nanometer chips.

If it is really acquired by the opponent, the loss caused may be ten times or a hundred times greater than the loss Tom thought the 12nm chip would cause.

So he was also worried that if it really came true, it would be meaningless for them to try their best to delay each other to buy time for EDA.

He sighed slightly in a subtle way, the opponent's move really hit Qicun.

But inexplicably, he has another kind of confidence. He believes that someone will stand up to solve this problem at the last moment, just like the high-end machine tools, nickel mines, and new energy batteries that have happened successively in China in the past few months.

By the way, there is also Panda EDA.

So he felt that this time there could also be a hero to save the world, like a white knight to save this hostile takeover,

And he just needs to deal with the negotiation in front of him. Since the other party has mentioned this, it is just right to delay it a little longer.

The negotiating team leader smiled and said: "Well, we don't discuss whether it is 12nm, but since Mr. Tom insists on using the acquisition to make us make some compromises.

Out of the consideration of promoting the negotiation process between the two sides, we admit that we can make a certain degree of concessions. Of course, in this way, the details we agreed on before will need to be finalized again. "

On the second day, Zhongxin International's reorganization board meeting was held as scheduled, and the storm came!

(End of this chapter)