Hong Kong's new giants

Chapter 588 [Vulnerable]

When Hengchang Holdings learned that someone was going to grab the bargaining chips of CMB, it officially put the acquisition on the bright side.

On February 2, Peregrine, the financial company representing Hengchang Holdings, officially announced that Hengchang Holdings will fully acquire CMB at a price of 1 yuan per share (23.5% premium), and Hengchang Holdings currently holds 28% .

In fact, compared with Guo Huonian's Kerry Company, which was launched at about the same time, a hostile takeover of a TVB company, a CMB is nothing.After all, TVB is a star company in Hong Kong, more influential than a listed company with a market value of tens of billions, although it is currently completely defeated by ATV.

However, the New Times Group is behind Hengchang Holdings, and Lin Zuhui is behind the New Times Group; in this way, the public's attention is instantly diverted.

For a time, public opinion was shaken, and citizens competed to discuss it.

"Lin Sheng did a good job. The service of CMB is really bad. After working overtime at night and preparing to get off work, they always don't send a car."

"That's right, the Yan family doesn't care about the bus business at all, and they don't have the original intention of serving them."

"To improve the traffic environment in Xiangjiang, Lin Sheng is simply our idol!"

With rave reviews, Lin Zuhui really doesn't want other real estate developers to have a "slam of notoriety". Xiangjiang's "idol" is not called for nothing.

Of course, there are also counter-arguments:

"The capitalists are so kind. Lin Zuhui has already monopolized Xiangjiang's media communication, clothing retail, real estate construction, etc. Now he just wants to get involved in the bus business!"

However, this kind of malicious speculation is somewhat untenable.

"What you said, since you are the owner of a listed company, of course you have to be responsible for the shareholders, so the New Times Group will definitely make money when it enters the bus field. However, everyone knows how bad the service and hardware of CMB are. Buses and Citybuses are completely incomparable. Therefore, if a large company operates, I believe there will be improvements.”

"That's right, it's impossible to go any further. Lin Sheng is a face-saving person! Besides, Lin Sheng donates more than 5 million Hong Kong dollars every year. Do you think he doesn't care about his reputation?"

In short, positive public opinion is far greater than negative public opinion.

Citizens of Xiangjiang, Ba Jiuyi suffers from it!
The media were very resourceful, and soon got news that the founder of China-Pakistan was overly frightened when he heard that the company was acquired by a hostile takeover, and was admitted to the Sanatorium and Hospital to save his life.

For a while, the Yan family became a joke.

The matter is not over yet. After Hengchang Holdings officially announced the acquisition, China-Brazil workers were dissatisfied with the low wages and planned to strike for two days. They almost made a big mistake for a while.

Then, the China-Pakistan board of directors led by the Yan family did not negotiate with China-Pakistan labor immediately, which was described by the media as a mess.Fortunately, Hengchang Holdings sent high-level executives to mediate, saying that once the acquisition is completed, it is inevitable for CMB employees to raise their salaries.

Hengchang Holdings has even declared 'victory' in the media, talking about the new policy after the acquisition of China-Pakistan: buying new buses, improving management systems and employee benefits, and introducing the first group, the largest ground transportation organization in the UK, to carry out modernization reforms.
Public opinion was in an uproar, feeling that Hengchang Holdings did not take the Yan family seriously at all, and had already declared 'victory'.However, the citizens and the employees of CMB expressed their support for Hengchang Holdings to replace the Yan family and become the owner of Zhonghua Bus Company.

Sanatorium and Hospital.

Yan Chengkun regretted it at the beginning. If he had known about it, he would have agreed to the "Octopus" smart card experiment of Lao Shizi, so that even China Bus would not be in crisis.

"How about it? Have you initiated an anti-acquisition? You must keep Zhonghua Bus. That is the country I worked so hard to build."

Yan Jieling faltered and said: "An anti-acquisition requires 8 million Hong Kong dollars in cash, and we won't be able to get it out for a while!"

Yan Chengkun was so angry that he vomited blood. It was impossible for the Yan family to take out so much cash immediately.The Yan family's net worth is indeed very rich, but they are all fixed assets, and the cash is about [-] to [-] million.

"The Chaozhou fellows who are looking for me, Chaozhou people are the most united. I am the permanent honorary president of the Chaozhou Chamber of Commerce, and they will not lose face!"

Yan Henry immediately said: "Baba, that's the old Huang Li. Now that Lin Zuhui has gained power, those people are avoiding us. Even if they saw us, they would still express their embarrassment. After all, it is a money-losing business."

The premium is [-]% or even higher, and the small and medium-sized rich in Xiangjiang say they are not stupid and don't want to be taken advantage of.

And the big rich will never intervene in this kind of acquisition war. The big fish eat the small fish, and the small fish eat dried shrimps. This is the rule of the market.

What's more, this time everyone has seen how good the public opinion is to the New Times Group. How dare you offend the world!
Yan Chengkun was very angry, but in order to save his life, he could only control his emotions. He hoped to live beyond 100 years old, and live to the end of the millennium.

"I don't care about you little bastards anymore, don't bother me!" Finally, Yan Chengkun understood.

It is somewhat embarrassing for people in their 60s to be called 'little beasts', but the three Yan brothers seem to be relieved.

Of course they want to keep CMB, but if they don't, they are more afraid that their father will scold the three of them; therefore, now that Baba is no longer involved in this matter, the three of them will have no worries. Whether to fight back or give up, the three of them can decide on their own. call the shots.

Cheung Kong Industrial Group.

Li Zeju also has his own views on the recent China-Pakistan takeover battle, so he couldn't help but say to Li Chaoren: "This Lin Zuhui is already the richest man in the world, and he is not afraid of losing face by such a high-profile 'hostile takeover' of China-Pakistan." and reputation."

Li Chaoren glanced at his eldest son, with a hint of satisfaction on his face, because he knows how to keep a low profile. In recent years, the public opinion in Xiangjiang has not been friendly to real estate developers, so he often teaches his son to keep a low profile. (PS: As everyone knows, the Thief King of the Century is already following Li Zeju.)
However, Li Chaoren continued to teach: "You only see the surface, but in fact, you can see that the current public opinion is even more unfavorable to the Yan family. Hengchang Holdings' hostile acquisition of China-Pakistan Company seems to be 'for the people'. It's the same as harming'. So, Lin Zuhui is still concerned about his reputation and has done a lot of work beforehand."

Hearing this, Li Zeju said a little angrily: "Back then, my younger brother agreed to sell Satellite TV to Lin Zuhui without saying a word, but he didn't realize that he was letting Lin Zuhui completely control the public opinion of Xiangjiang."

Of course Li Chaoren knew this too. If Lin Zuhui had talked to him directly back then, he would have found a way to refuse. After all, Lin Zuhui's monopoly on Xiangjiang's public opinion is too strong.

"This is what makes him so powerful. He knew that your brother wanted to set up his own family, so he invited Zekai to his yacht alone to talk. After your brother agrees, we can no longer refuse. This is not conducive to family unity, morally. It’s also untenable. Therefore, as young people, you have to learn more. Although it is important to be upright in the mall, the mall itself is also a battlefield, so you need to be more strategic.”

"Yes, Father!"

Over the weekend, the Yan family did not announce an anti-acquisition. For a while, public opinion looked down on the Yan family, predicting that they would not be able to launch an anti-acquisition.In this public opinion situation, it is expected that the winner will be decided next week.

Of course, many stockholders who hold shares in China-Pakistan have scolded the Yan family for being cowardly; when facing Paliburg, they even knew how to recruit allies to fight back, but now they are so timid when facing Hengchang Holdings.

In fact, only the Yan family knows the situation. Assuming that the Yan family initiates an anti-acquisition, once the shareholding exceeds 35%, it is reasonable to launch a full-scale acquisition.Therefore, the 8 million Hong Kong dollars is only a guarantee of "the strength of the first battle". Once Yan's touches the full acquisition line, he will need to pay 30 billion Hong Kong dollars in cash.

This is also the reason why no one is willing to wade into the muddy waters. After all, if they are sentenced to 'acting in concert', they have to make a full acquisition.

Monday, October 2.

Winning China-Pakistan has become a foregone conclusion. With Yan's financial resources, he simply cannot afford to launch an anti-acquisition, especially if it touches the full line.For example, once Yan's shareholding reaches 35%, Hengchang Holdings can go to the stock exchange to accuse the Yan family of fully acquiring CMB.

What the Yan family is most afraid of, of course, is that Hengchang Holdings will sell all the shares in their hands to them at the highest price in the past six months, and they will have to buy them at that time.

Vice versa, if Hengchang Holdings holds more than 35% of the shares, Yan can also sell the shares in his hand to Hengchang Holdings.

Of course, in Lin Zuhui's view, the listing status of CMB must be maintained, so if the shares exceed 90%, Hengchang Holdings can also be allocated to other investors through banks to ensure the listing status.This is not a problem for Hengchang Holdings.

In the morning, Liang Zhenxun came to Lin Zuhui's office and said, "Boss, the price of gold in New York has risen to $418 per ounce."

Lin Zuhui didn't panic. He started buying at US$401 per ounce, and then bought at more than US$410. The average price was around US$407 per ounce.If you want to liquidate, gold has to rise to at least $430 an ounce.

"Well, if it rises to $420 an ounce, an additional $0.5 million will be added. I am bearish on gold. The reason for the sharp rise in gold has been analyzed. It is not a political or economic event, but someone is pushing it up. Since In this way, the decline of gold is inevitable, and don’t forget that the central banks of various countries are already selling gold.”

Liang Zhenxun nodded and said, "The Belgian central bank sold 150 tons of gold in the first October of last year. However, could it be that the central banks of various countries are powerless to prevent the rise of gold?"

The reasons are complicated, but Lin Zuhui is a person with memories of his previous life. Gold plummeted in the late 90s, and that was a trend.

"Short selling is the right thing to do. Thinking too much will affect your investment thinking."

Liang Zhenxun immediately said: "The boss is right!" From the general situation of the boss, it seems that he has not been defeated yet. I bought Sony at the end of 1994. I made a small mistake, but immediately changed direction and made a fortune after the Great Hanshin Earthquake.

Today, Sony's stock price has risen by more than 20% in half a year, and the situation is very good.

After Liang Zhenxun left, Lin Zuhui also frowned slightly, mainly because he didn't know how much gold would go up.At present, New Era has bought 30 billion US dollars of gold futures today, and Hengjin Investment has bought 60 billion US dollars of gold futures (both with 20 times leverage), and they have become big speculators of gold futures.

Therefore, if the stock suddenly rises by more than 4% in a single day, then he will be liquidated, and it will be too late to cover his position.

In fact.

On that day, after gold had climbed to US$418 per ounce, major fund companies immediately prepared to cash out their positions and invest funds in the US stock market.As for the little crocodiles that are targeting Asia, they are not out of their minds.

Three days later, Hengchang Holdings announced that it had obtained 76% of CMB's shares and won the acquisition.

There are still 10 days before the acquisition deadline, so Hengchang Holdings is still continuing to acquire, but at this time, the CMB stock on the market has risen by more than 40% compared with before the acquisition, so for some investors, there is a high probability that they will not choose Hand over the chips.

In other words, CMB will still maintain its listed status (less than 90%) holding shares.

Yuan Tianfan came to Lin Zuhui's office and reported the specific acquisition situation. The New Era Group spent about 28 billion, which is still acceptable.

"Send management to take over the CMB company. The bus business promised to the citizens must be carried out perfectly. CMB owns real estate projects, so don't sell them for now. We will talk about it after we have rectified the company."

"Okay, I know!"

With a large number of real estate projects in CMB, Hengchang Holdings will not lose money this time, and may even make a fortune.After all, real estate is about to rise by more than 50%, so why worry about not being able to recover the cost!
So, around the end of the year, the Yan family may regret it very much.Knowing that the real estate situation is so good, even if they don't launch an anti-acquisition, they can raise the stock price before making a move.

Of course, this is all after the fact.

Sanatorium and Hospital.

As the chairman of China-Brazil, Yuan Tianfan watched the founder of China-Brazil, Yan Chengkun. Fortunately, Yan Chengkun is now 95 years old, and he wants to live to be 100 years old, so he didn't stand up and beat people.

After simply going through the formalities, Yuan Tianfan left Sanatorium and Hospital accompanied by several Chinese and Papua New Guinea executives.

"Wolf ambition, youth success" Yan Chengkun couldn't help cursing behind his back.

Yan Jieling quickly patted her old bus on the back, and persuaded: "Old bus, we got more than one billion in cash, so it's not a loss!"

Yan Chengkun immediately put on a majestic expression and said, "You want to divide the family property before I die?"

"dare not"

"Old Ba calm down, we just ask you what to do?"

Yan Chengkun breathed a sigh of relief, and then said: "Since we are engaged in real estate, we should set up a real estate company and continue to invest all the funds in Xiangjiang's real estate. I am the chairman of the company, and your three brothers and sisters will work together to manage this property." The company will always belong to you in the future!"

The three siblings quickly expressed their opinions, feeling somewhat slanderous in their hearts, and they still wanted to live under the majesty of the old man.In the opinion of the three, it is best to divide it up, and then each of them will set up a real estate company and take care of it separately.

The matter has come to this point, the three of them had no choice but to obey orders.

As everyone knows, the Yan family suffered heavy losses during the Asian financial crisis due to their excessive pursuit of real estate.

After all, once you change your destiny, you will either go in a good direction or go in a bad direction.Without this incident, China-Pakistan’s existing real estate projects could be sold before the financial crisis and obtain a large amount of cash flow. Even if the financial crisis comes, China-Pakistan will survive the difficulties because of sufficient cash. PS: You should know that in the previous life, CMB obtained a profit cash flow of 1997 million Hong Kong dollars in 8, and the bus business only accounted for 25% of the profit.

Although the China-Pakistan acquisition battle was won by Hengchang Holdings perfectly, media public opinion has always existed. They did not expect the Yan family to give up China-Pakistan so easily; this is completely different from the performance of Paliburg’s hostile acquisition.

"In the face of great strength, the Yan family is vulnerable!"

Of course, after Hengchang Holdings acquired CMB, it immediately raised the wages of employees by 15%, which also received a lot of praise.

(End of this chapter)