Hong Kong Island's wealthy era

Chapter 86 When the Barbarians Kick the Door ([-])
"HSBC is very willing to cooperate with Lei Sheng. This is beyond doubt. Please wait a moment. I will ask Yiduo to send someone to discuss it together."

After saying that, Shen Bi called the profit-making investment consultant to discuss an acquisition case.

"Leisheng, this is optimistic about the public transportation market, but currently bus companies are not favored by investors." Shen Bi said.

"Mr. Shen, I am mainly optimistic about their stable profits. Although they are currently affected by the subway construction, I think that by appropriately changing their operating methods, they will achieve stable revenue in the future."

Lei Liquan cannot tell Shen Bi everything he knows about the future bus market value.

After a while, Xu Zhengliang, a senior investment consultant from Yiduo, came to Shen Bi's office. After greeting Shen Bi and Lei Liquan, he took out paper and pen and prepared to record.

"Leisheng, can you continue to talk about the problems encountered in the acquisition of China Bus and see if HSBC can help solve it?" Shen Bi said.

Lei Liquan smiled and said: "There is a big problem. According to the laws of Hong Kong, China and Pakistan, as a public transportation industry, must be a publicly listed company, otherwise the franchise will be cancelled. According to the above regulations, a comprehensive tender offer cannot be made , otherwise there will be no franchise. If the franchise is lost, acquisitions will become meaningless and only 'partial acquisitions' can be proposed. Will this be approved by the Investment and M&A Committee?"

After listening to this, Shen Bi and Xu Zhengliang fell into deep thought.In fact, Lei Liquan knew that as long as Shen Bi came forward, the Hong Kong government would definitely agree.

After a moment, Shen Bi said slowly: "Leisheng, this kind of partial acquisition is unprecedented, but as a special industry, I am willing to work for Lei Sheng, so it shouldn't be a big problem."

Lei Liquan and Xu Zhengliang were relieved to receive Shen Bi's support. This was the key to this acquisition, otherwise there would be no need to discuss it next.

"Secondly, the shares of CMB are mainly concentrated in the hands of the Huang family and the Yan family. I want to entrust profits to open a gap from them, so that it is possible to obtain controlling rights. And according to my investigation, opening the gap of the Huang family, the possibility The biggest." Lei Liquan said.

Xu Zhengliang looked at it and realized that if he didn't speak at all, he would be the audience.

"Lei Sheng, if you make more profits, you will go all out. Please believe in our strength."

Shen Bi also nodded.

"Well, I hope to make more profits while absorbing some equity from the public market. I hope to hold more than 4% of the equity, and I hope to get financial support from HSBC."

Xu Zhengliang glanced at Lei Liquan, then at Shen Bi, and said with a smile: "Leisheng, this is the content of our profitable services. Don't worry, we will provide full financing support."

At this time, Shen Bi also said: "This financing interest and handling fees can be discounted for Lei Sheng."

Lei Liquan did not expect that Shen Bi would support him so much, and said happily: "Thank you Mr. Shen and HSBC for your support."

Then, they talked about the formation of the acquisition team, and Lei Liquan sent Xu Wen as the plenipotentiary representative.

Then Lei Liquan proposed that his Thunder Parking Company hoped to obtain loan support from HSBC, and the two parties reached a loan agreement.

……

During this period, Lei Liquan was basically busy with the acquisition of China Bus.

By May 5, after almost a month, Lei Liquan had acquired almost 15% of the shares of CMB, of which he spent HK$1 million to acquire 2% of the shares from the Huang family and spent HK$9800 million to attract 1% of the shares from the public. .

In the past two days, there was a sudden rumor in the "Four Meetings" market that CMB may be acquired. As soon as the news came out, CMB's share price rose from HK$5 to HK$20 per share in mid-May.

The news spread quickly, and the purchase price was announced. It was HK$24 per share, and the acquirer was Lei Liquan’s Thunder Travel Company.Since there are already rumors about this in the market, many media reporters called Thunder Travel Company and even called Thunder Holdings to ask for confirmation, but they did not receive a positive answer.

Because Lei Liquan has not yet received approval from the Hong Kong government, it is impossible to receive a reply.

However, reporters still picked out a big deal, namely Lei Liquan's newly established Thunder Travel Company, which wholly owns Thunder Parking Company and holds 40.38% of the shares of Kowloon Bus.And now it wants to acquire CMB, which is another giant company after Lei Liquan's Thunder Infrastructure Company that dominates the people's livelihood enterprises in Hong Kong.

After Uncle Jian, chairman of the KMB board of directors, saw this report, he called Lei Liquan to inquire.Lei Liquan expressed his full support for Uncle Jian on the company's board of directors.And through Uncle Jian, he invited Deng Baiqin to serve as the executive director of Thunder Travel and manage the entire travel company.

While waiting, Lei Liquan continued to make suggestions to the board of directors of China-Pakistan Company to improve the management and efficiency of China-Pakistan Company, constantly distracting the Yan family's energy.

Ten days later, Shen Bi finally received good news. The Xiangjiang authorities stated that they had no objections to the change of control of China-Brazil Company, so Thunder Travel obtained the approval of the Acquisition and Merger Committee.

A takeover war is about to start, and barbarians are about to knock on the door. Is the Yan family ready?
On the night of May 5th.The lights in Yiduo's office are brightly lit, and the China-Brazil acquisition team is holding a meeting.

Xu Zhengliang spoke first on behalf of Yiduo, saying: "It is already difficult for us to acquire shares. Shareholders are waiting to wait and see, waiting for bids from both parties."

"Ah."

Lei Liquan said he already knew, thought for a while and said: "What do you think about making a profit now?"

"Lei Sheng, the only way is partial acquisition by raising a sign." Xu Zhengliang said.

"What's the price for raising a placard?" Lei Liquan asked.

Xu Zhengliang thought for a while and said: "Isn't it rumored by the 'Four Meetings' that Thunder Travel will offer 24 yuan to buy it? I think this price is what they want, otherwise such a price would not be spread."

Lei Liquan is also thinking about what price is appropriate for raising placards.

At this time, Xu Wen said: "Leisheng, 24 Hong Kong dollars per share is too low. This price cannot penetrate their psychological defense line. I recommend 26 Hong Kong dollars per share."

"Ah."

At this time, Lei Liquan's attitude is very important, but he must also consider the gains and losses, and cannot be taken advantage of. HK$24 is a [-]% premium to the price before the acquisition.

"Let's make an announcement at HKD 24 first." Lei Liquan settled the matter with a punch.In fact, his inner price is up to 30 Hong Kong dollars per share, because the CMB factory is worth this price.

The next day, early in the morning, Thunder Travel’s tender offer announcement for China-Pakistan Company was posted at the “four conferences”.

The announcement stated that Thunder Travel, a wholly-owned company under Lei Liquan’s name, will partially acquire 24% of the equity of CMB at a price of 40.00 yuan per share, using funds of HK$5.52 million.In addition, Thunder Holdings already holds about 20.00%.

As soon as this announcement came out, investors reacted indifferently. Why is it a "partial acquisition" rather than a comprehensive acquisition?
Thunder Travel had to issue another notice to explain to shareholders that the comprehensive acquisition was not allowed by the Xiangjiang government and only partial acquisitions were approved.

But as soon as the announcement came out, those who should wait and see were still waiting for the Yan family to issue the cards.

Lei Liquan thinks it's funny, so let's wait together.

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(End of this chapter)