The strongest rebirth in history

After Ye Cong cured Li Hu, Li Hu showed a very strong willingness to follow Ye Cong, because if Ye Cong didn't take him away.He is likely to die in this place too. Every boxer here has signed an agreement with MIT to fight at least ten fights. If he wants to leave alive and get paid, he must win at least ten fights in a row.

"Second miss, this is the latest photo we got. It was taken by the camera of the bank opposite JOJO bar the night Li Zekai fainted, and we checked the flight records. Ye Cong did come to Hong Kong on June 6, and then I left on June 2." After Ye Cong left, a man in a black suit took out a few photos and handed them to Lin Shiyin.

"As expected, Li Zekai's poison was originally poisoned by Ye Cong." Lin Shiyin said looking at the photo.Several photos clearly showed the whole process of Ye Cong entering the JOJO bar after getting off the taxi.

"Then how should we treat this Ye Cong? Should we win him over, eliminate him or let him go?" said the man in the black suit.

"I don't think it's possible to win him over. Based on what I know about him so far, this person is extremely arrogant and won't be attached to anyone." Lin Shiyin analyzed.

"The second lady meant to kill him? Since such a person can't be used by us, it will definitely be a disaster to keep it in the future." It seems that the man in the black suit is not just an ordinary thug, he has certain suggestions and decision-making power .

"No, I think it will be more beneficial to our plan to let him torment. Maybe because of him, our goal may be realized ahead of schedule." Lin Shiyin looked at the detailed information on Ye Cong in her hand and said thoughtfully.

The next day Li Ka-shing and Ye Cong discussed the specific plan to acquire TVB shares.Li Ka-shing was also present when Ye Cong gave advice to Mr. Dong yesterday. After hearing many opinions from Ye Cong, he thought that Ye Cong was really a once-in-a-century business genius, so he wanted to see if Ye Cong had any fantastic ideas Can reduce the cost of acquiring TVB.

The following is the shareholding structure of TVB at that time

Shaw Family Shaw Brothers: (Hong Kong) Limited (26%) Shaw Fund Hong Kong Limited (6.23%) Fang Yat Wah (0.26%).

Investment funds: Dodge & Cox (6.18%) Marathon Asset Management (6.02%).

其他股东利孝和家族：利干（0.09%）利陆雁群（3.95%）利荣森（0.28%）李达三（0.07%）。周亦卿（0.02%）。

Public shareholders: (50.09%).

It can be seen that TVB's equity is actually relatively dispersed, and the largest shareholder, the Shaw family, only holds 32.49% of the shares.The most troublesome thing is the public shareholders. The current market value of TVB is about 100 billion Hong Kong dollars. Hong Kong law stipulates that if the company holds more than 5% of the shares of a listed company, it must be announced. Shareholders will inevitably be reluctant to sell their TVB shares, which will at least double the acquisition cost.

Therefore, Ye Cong’s solution is to contractually purchase the TVB shares of the two investment funds first, that is, buy the TVB shares of the two investment funds at the agreed time and price, and set a liquidated damages of more than ten times the amount, and the two companies will purchase the TVB shares. It is to sell the stock after it rises to a satisfactory price in the future, so as long as the price is right, the two companies will definitely not refuse.

After that, they will buy the shares held by the Shaw Brothers. If Run Run Shaw refuses to sell them, according to the script, it is time for Ye Cong to appear.In this way, if all goes well, after acquiring the shares of the Shaw family and the two investment funds, the Li family's TVB shares should reach 44.69%.

At this time, Li Ka-shing, who is also the largest shareholder of Cheung Kong, can propose a plan to acquire TVB through stock exchange. At this time, Cheung Kong's market value is about 5000 billion, which is 50 times that of TVB.

After the two mergers, the new company is still called Cheung Kong Industrial, and TVB will be a subsidiary of it. The shareholders of the original TVB can obtain the corresponding shares of the new Changjiang Industrial Company according to the TVB shares held before.

比如原来持有百分之2的TVB股份的股东，将获得新公司百分之0.0392的股份（2除以51得来的）。原来TVB的市值是100亿，百分之2的市值就是2亿。而新合并的公司市值是5100亿，百分之0.0392的股份市值同样是2亿。

The above is just an example of stock-for-share mergers and acquisitions. In fact, the two companies may not be exchanged at the same value. The exchange ratio is not only related to the current market value of the two companies, but also related to the expectations of the shareholders of the two companies for the company's future prospects. For example, if a shareholder of TVB feels that the merger is beneficial to him or he also wants to acquire shares in Cheung Kong, he would rather lose part of the shares of the new company and accept the merger.

Of course, this kind of share-for-share merger still needs to be approved by the shareholders of the two companies. On Cheung Kong’s side, Li Ka-shing himself owns more than 4% of the shares, plus the shares of other members of the Li family, it is natural to pass the vote. is no problem.Moreover, Cheung Kong is the main body of the merger and acquisition, and there is basically no possibility of failure.

As for TVB, Li Ka-shing, who already owns 44.69% of TVB shares, can control the voting results of TVB as long as he acquires about 6% of TVB shares in the public market. Of course, the given share conversion ratio has a certain range. You can't say that you exchange one share of the new company for 10000 shares of TVB's original shareholders. That would indeed make a lot of money for Li Ka-shing, but this does not comply with the regulations of the Hong Kong Securities Regulatory Commission.

After everything is settled, Li Ka-shing will use private capital to separate TVB from the new Changjiang Industrial Company through cash compensation, and then give 90% of the shares of the separated TVB company to Liu Yuling, so that the entire acquisition is expected to be 120 billion Hong Kong dollars It can be done, and at least it will save HK$50 billion compared to directly acquiring TVB shares in the secondary market.

The remaining problem is that Liu Yuling must become a Hong Kong citizen, because the Hong Kong government stipulates that for listed companies such as TV stations, mainlanders must report if they buy more than 2% of the shares, and the maximum shareholding cannot exceed 49%, so Liu Yu To hold 90% of TVB shares, Ling must become a Hong Kong citizen.

So Ye Cong decided to have a meal with Liu Yuling to discuss this matter, and it happened that he hadn't seen Liu Yuling for a long time.After returning to Anshan, Ye Cong immediately called Liu Yuling and asked her to come out for dinner.