Reborn Hong Kong Wild Age

Chapter 111
No one is interested in which listed company Gu Xiayang will acquire.

It doesn't matter whether it's a Chinese property owner or a foreigner property owner. Anyway, the company is not well-known.

Last year, Pan Disheng played a backdoor listing, and Liu Luanxiong repeatedly returned to his own Amygao to make it more beautiful. Similar cases are too numerous to enumerate.

But for a 23-year-old billionaire, this is very interesting, and it looks a bit like Ye Zhiming's way of making a fortune.

Ye Zhiming made his fortune from Binbin jeans back then, and later made some Binbin doll noodles, and then went to Binbin Film Company, which was merged and listed, and flourished in the 70s.

Now here comes Gu Xiayang, who is younger and looks more successful, but I don't know if he can succeed in the acquisition.

The professionals in the market all agreed that Gu Xiayang's Dongdu company was just a feint, and was going to make a fortune.

It's just that the market doesn't know, or many people don't realize two points.

One is that Chinese Real Estate is not the flagship property of the Li family, and the reason why the Li family proposed a full acquisition is because they were kicked out of the board of directors and felt angry.

The Li family has no intention of fighting at all, and sooner or later they will sell about [-]% of the shares in their hands.

The second is Feng Bingfen, the second generation of the Feng family who was the chairman of the board of directors of China Real Estate at that time. Although he had excellent management ability, he was already old at this time.

Moreover, he was keen on government affairs before and had no time to develop his ancestral business. Otherwise, Chinese real estate should have been thriving.

In addition to his two sons, Feng Qinzhao and Feng Qinqiang, the third generation of the Feng family-the business ability is really poor. At this time, the Feng Group itself has already experienced a serious financial crisis.

The Feng family, which seems to be clinging to the control of Chinese real estate, lacks more money.

Gu Xiayang, who wants to win the Huaren Real Estate, naturally has a natural advantage to understand these things.

What did Liu Luanxiong do at the beginning? He directly took over the shares of the Li family and disintegrated some of the Feng family who were most short of money.

At this time, Gu Xiayang proposed a quotation of 16.5 Hong Kong dollars in the market, just to seal off the Li family's access to absorbing shares from the open market during the operation behind the scenes.

After all, if someone (including members of the Feng family) is anxious to sell, it is better than HK$16.5 if they can sell it for HK$16.0.

Due to the involvement of Dongdu Company, the acquisition situation of Huaren Real Estate became complicated and confusing.

Liang Botao, vice president of Citicorp International, who proposed the acquisition proposal on behalf of Dongdu, also began to accept interviews.

He explained that Eastern Metropolis has been researching Chinese Real Estate, but because it is not a shareholder, it has limited knowledge of the company's status, so it waited until Bassina issued the acquisition document before starting to act.

He declared that Chinese Land has no debt, is in good financial condition and is a reasonable investment.

When asked whether there would be a loss in the acquisition without a shareholding, Liang Botao believed that shareholders would consider paying a high price.

Although the market price of Huaren Properties is higher than the purchase price they proposed, it has never been able to reflect the actual asset status of the company.

However, if Bassina raises the purchase price again, Dongdu Company will also consider raising it further.

Bassina and the board of directors of China Land immediately reacted to Dongdu's involvement.

Soon, Bassina proposed a flexible acquisition plan.

This flexible method is that Basina still purchases the shares of each shareholder at a price of 16 yuan per share.

Shareholders do not need to fill out the acceptance and transfer forms in the acquisition documents for the time being. In the next few months, if a third party proposes an unconditional acquisition of Huaren Real Estate, and the price is higher than 16 yuan, Bassina will put the price higher than RMB 16. The difference above [-] yuan shall be paid to each shareholder.

In other words, shareholders can receive 16 yuan in cash first, and at the same time do not have to worry about missing out on the opportunity to be acquired at a higher price.

In this case, it is very beneficial to the shareholders of Chinese Land.

Yi Fu Securities, a financial advisor representing the board of directors of China Estates, said that the board of directors of China Estates has held a meeting to discuss the acquisition proposal of Dongdu Company. Due to the low purchase price, it has decided not to accept any acquisition proposal.

The flexible approach proposed by Bassina was quickly questioned, because under the arrangement proposed by Bassina, the shareholders could only get the "premium" to pay the difference if Bassina itself also accepted the higher priced takeover offer. ".

The independent directors of Chinese Land and Jardine Fu both believed that Bassina's statement might be misleading, and it might also violate the provisions of Article 31 of the Hong Kong Code on Acquisitions and Mergers, so they referred the matter to the Commissioner of the Securities Regulatory Commission for handling.

Just as this matter has not yet been resolved, the takeover battle has sprung up again.

Sima Gao, a private company controlled by Feng Bingfen's family and Asia Investment Corporation, proposed to buy Huaren Real Estate at a price of 17.2 yuan per share the next day.

And appointed Standard Chartered (Asia) Bank as the financial advisor, thus bringing the war to a new climax.

According to market analysis of the current situation, in terms of bids, Sima Gao’s bid is the highest, 16.5% higher than Dongdu Company’s purchase price of 4.24 yuan, and 16% higher than the 7.5 yuan proposed by Basina, so Sima Gao has a slight advantage in this respect .

In terms of holdings, Sima Gaoyue holds 26% of the shares of Chinese Land, Bassina's holdings have risen to 35.8%, and Dongdu Company has no shares, so Bassina is temporarily leading in this regard.

No matter which aspect you look at, Dongdu Company is at the worst disadvantage.

Due to the acquisition and anti-acquisition involved, Chinese Land and China Entertainment had to suspend trading for one more day, and did not resume trading until two days later.

After the resumption of trading, the stock price of Huaren Land jumped sharply, reaching the lowest price of 18.3 yuan, and closing at the highest price of 18.7 yuan throughout the day.

It was 17.6% higher than the 6 yuan before the suspension, and even exceeded the purchase price proposed by the three companies.

It's just that the trading volume is still small, with only 4500 million shares changing hands throughout the day.

The SFC responded to Bassina's request for a flexible approach to the acquisition.

The securities commissioner has confirmed that Bassina and its advisers have not acted improperly with regard to the code, giving Bassina an added advantage in the takeover battle.

So far, the Feng family, the Li family, and Gu Xiayang have played their cards.

Since I can't afford it, let's just watch the battle and watch the two families play their cards.

As for the situation of Chinese home buyers, Gu Xiayang asked Liang Botao to follow up as normal. He was not in a hurry, but instead held the premiere reception of "A Chinese Ghost Story" leisurely.

Without Hong Jinbao, "The Brave Double Cannon 2" is equivalent to a tiger without teeth. This series of movies basically announced that the second part would die prematurely.

Rao Cen Jianxun was determined to persevere, but couldn't bear the reaction from the hospital line, so he had to reduce the screening in the end, and started to arrange for "A Chinese Ghost Story" to take over the summer film.

It is gratifying that the midnight test screening of "A Chinese Ghost Story" received a good response, and after simple adjustments, the premiere was officially arranged.

"Ah Yang, tell me, do you really want to buy Chinese property, or are you just planning to take advantage of this situation to make a fortune?"

At the reception, Pan Disheng pulled Gu Xiayang and asked very seriously.

(End of this chapter)