Winning the new financial era

Chapter 554 Tender Offer
"Mr. Zhou, Zhang Yida wants to privatize Digital Domain... What do you think?"

Xie An reported the negotiation with Zhang Yida to an old man in his 60s.

Zhou Yongming frowned, "Aren't the major shareholders satisfied? Does it have to be privatized?"

Xie An nodded, "The desire to control is too strong, and the last estimate is to have multiple shareholding platforms for holding shares."

Zhou Yongming shook his head, and said angrily, "No, it's not that we can't survive anymore, we have to accept his recruitment."

Xie An asked, "Then what do you mean?"

"Of course it was rejected, and new strategic investors were reintroduced."

Xie An sighed, "It's a pity, in fact, our business and Ruixiang are quite complementary.

Cooperation is more beneficial to both parties, and maybe Digital Domain can turn losses into profits. "

Zhou Yongming smiled and shook his head, "But he wants to eat alone, so he won't take us to play.

Digital Domain is our cause, not just money, but also the painstaking efforts and hopes we have entrusted for so many years. "

Xie An also felt that the other party was too powerful, and there was a huge disparity in strength between the two sides, so it was easy to overwhelm himself and others.

"Hey, what if Zhang Yida agrees to take a strategic 29.9% stake?"

This question... Zhou Yongming pondered for a while, thought for a while, and said, "Then there is probably fraud, so I can't agree."

Xie An also felt that this point of view was reasonable. Judging from Zhang Yida's various performances, he probably would not agree to this plan.

If you really agree, then there is really a ghost.

After two days of delay, the two sides had a final showdown on the phone.

"Mr. Xie, I thought about it and decided to give up investing in Digital Domain.

Of course, if you are willing to privatize, I am still willing to take over at a price of 40 billion Hong Kong dollars. "

Xie An smiled, "I'm really sorry. After discussing with Mr. Zhou, I decided not to sell the company and plan to continue to operate, because it carries..."

Xie An said a lot of bullshit ideals, and Zhang Yida knew they were all polite words.

If it's 80 billion, let's see if they sell it?

But why pay a high price for something that can be obtained at a lower price?
Hanging up the phone, Zhang Yida pondered for a while, then called Lan Lan, Bao Fan, and Ding Siyao, and the four of them had a small meeting.

"Xie An rejected my friendship, so the only option is to use force."

Bao Fan knew that the other party was planning to attack by force, so he stopped trying to persuade him, but began to help out with suggestions.

"Currently, the total share capital of Digital Domain is 260 billion shares, and the current stock price is HK$0.127, of which Zhou Yongming and the company behind him hold 18.92% of the shares, and Xie An and the company behind him hold 9.23% of the shares. The two are persons acting in concert, holding a total of 28.15% of the shares. .

Reitmond, an investment company under Li Jiacheng, holds 9.23% of the shares, Softbank China holds 8.57%, CITIC Group holds 8.57%, and Kingkey Group holds 6.34%...

The top ten shareholders hold a total of 81.23% of the shares, and the equity is relatively concentrated. "

Bao Fan looked at Zhang Yida and asked, "Are you any good friends with these shareholders?
Anyway, I know that you have a good relationship with Softbank and CITIC.

If you take all the shares of the third to tenth largest shareholders, your shareholding can exceed 53%, which can directly trigger an unconditional cash mandatory offer.

The next thing is simple, launch a comprehensive offer, privatize and delist. "

Zhang Yida shook his head, "You're talking about an ideal state. What if Li Jiacheng, Xie An, and Zhou Yongming were of the same mind?"

Bao Fan replied with a smile, "The shareholding may be between 30% and 50%, which triggers a conditional cash mandatory offer.

Minority shareholders can choose to accept or not to accept the offer. If they accept it, our equity will exceed 50%, which will naturally be converted into an unconditional cash offer, and the acquisition will be successful.

On the contrary, if our shareholding ratio does not exceed 50%, the offer will be invalid and the privatization will fail.

Moreover, it is not easy to withdraw when the time comes, and there may be some losses. "

Zhang Yida nodded, "So this offer condition is very important, the price must be able to impress the minority shareholders."

Ding Siyao interjected: "We can build a position in advance, pull up a wave, and then smash the market to drive down the stock price."

Bao Fan shook his head, glanced at Zhang Yida, and said with a smile, "If the stockholders know that you are the one who initiates the tender offer, the stock price will not go up to the sky.

To "force" minority shareholders to accept the offer, the share price must be lowered below the offer price.

This requires a well-established bureau, which consumes a lot of time, energy and funds, and at the same time bears a certain risk of loss. "

Bao Fan persuaded Zhang Yida: "The best way is to transfer the equity of the top ten shareholders through an agreement, and land directly and safely after exceeding 50%.

It saves time and is less risky. "

Zhang Yida spread his hands, "There are so many shareholders, how do you know that no one is with Zhou Yongming and the others?
As soon as our end came into contact with them, they turned around and sold us.

If Zhou Yongming, Xie An and the others took precautions, it would be difficult to deal with them. "

Bao Fan sighed, "That's true, people's hearts are in the belly!"

"However, Digital Domain has been losing money for so many years. To be honest, it is not a good company.

Everyone is betting on the future. If you are willing to exchange Ruixiang's stock for me, I will definitely be willing. "

Zhang Yida nodded, he didn't mind the acquisition of shares.

After all, the volume of 2050 billion US dollars is there, and the increase in valuation or market value will only get slower and slower.

"Well then, let's assign a task."

Zhang Yida looked at Ding Siyao and said, "The hedge fund you manage builds positions first, and the action is smaller. The stock price does not exceed 0.15 Hong Kong dollars. Buy as much as you can."

Ding Siyao nodded, "Okay, we will act cautiously."

Zhang Yida looked at Lan Lan again, and ordered: "You are in charge of interviewing the third to tenth largest shareholders of Digital Domain, and you must try your best to get 30% of the equity."

"Okay, what about the price?" Lan Lan asked.

"Basically, the average closing price in the last 30 trading days does not exceed 20%, cash or sharp stock subscription qualifications are fine."

Lan Lan nodded, "Then there is no problem on my side, and I will talk about acquisitions as much as possible."

Zhang Yida looked at Bao Fan again, and the latter looked at him, waiting for his task.

"Mr. Bao, you are so eloquent. If you have the talent of Zhang Yi and Su Qin, why don't you just act together with Lan Lan."

Bao Fan nodded, "I have no problem here, and the latest news will be reported to you in time."

After the task was arranged, Zhang Yida returned to the capital, and the others began to act according to the plan.

The trading volume and turnover rate of Penny Stock Digital Kingdom have increased slightly recently, and the stock price has also risen by a few points.

Some retail investors who were deeply locked up tried to sell some of their stocks and sold them quickly.

This is terrible, and some retail investors have begun to flee in large numbers.

Because they were afraid, those who came in last year had their waists chopped off, and if they dragged on, the soil would be buried up to the neck.

Some people are fearful, and others are naturally greedy.

Some old stock investors with a keen sense of smell came one by one as if they smelled bloody sharks.

(End of this chapter)