Reborn Tech Maniac

Chapter 698

People in the bull market are already full of confidence and buy whatever they see, not to mention the high-quality assets of the Qinhe series.

Therefore, when this super rights issue plan was announced, the eyes of all investors turned in unison, which directly led to the stranded financing plans of other companies, because at this juncture, it was obvious that they could not win the favor of shareholders, and after this After a round of "pumping" of more than 100 billion Hong Kong dollars, the stock market also needs a recovery buffer.

Just when the Qinhe family became the focus of the Xiangjiang capital market, Liu Luanxiong, a mysterious stock market sniper who had never missed in the past few years, jumped out unwilling to be lonely and announced that he already held 30.1% of the shares of Xiangjiang Electric, second only to Qinhe Holdings, which holds 33.3% of the shares of Heung Kong Electric, became the second largest shareholder of Heung Kong Electric and requested to be included in the board of directors of Heung Kong Electric.

With such a fuss, Liu Luanxiong exposed the hostile takeover of Heung Kong Electric in a disguised form, allowing himself to come from behind the scenes to the front of the stage.

Of course, he also used this method to remind the investors whose eyes were starting to turn red that Qinhe may not use the funds raised by this rights issue to invest in the promising high-quality projects he claimed, but it is very likely to be used for Compete for Xiangjiang Electric Lighting.

It's a pity that Liu Luanxiong, who is not a good person, is destined to fall on everyone's ears - after you raise funds through rights issues, you just turn around and enjoy your own expenses and invest in the stock market. What qualifications do you have to blame others!
As for Liu Luanxiong's request to join the board of directors of Heung Kong Electric, he was mercilessly denounced by Ma Shimin, general manager of Heung Kong Electric, as wishful thinking.

"As we all know, how destructive a 'bone-breaking expert' like Liu Luanxiong can be to a formal enterprise. In the previous sniper war of the Grand Hotel Group, the shareholders of the Grand Hotel Group chose not to trust Liu Luanxiong. For the same reason, Xiangjiang Electric The board of directors does not welcome Liu Luanxiong’s joining, and in order to safeguard the interests of investors, this ridiculous hostile takeover will be defeated.”

Liu Luanxiong responded proudly, "It's useless if you don't welcome me. According to regulations, I am qualified to join the board of directors of Xiangjiang Electric."

As soon as the words fell, Ma Shimin went to the Xiangjiang Securities Regulatory Office, the Acquisition and Merger Committee, and accused Liu Luanxiong of two major crimes, that is, the source of the huge acquisition funds is unknown, and he has not announced until now that he has such a high shareholding ratio in Xiangjiang Electric. There must be a mysterious reason. "Acting in concert".

Seeing this scene, Liu Luanxiong couldn't help but be stunned - hooligans are not scary, but they are afraid of being educated.He is a master at exploiting loopholes. He never expected that the opponent, a majestic boss, could be so opportunistic in finding usable weapons for himself in the marginal area.

Ma Shimin's "unreasonable making trouble" has revealed another layer of the inside story of this capital war.

Liu Luanxiong's source of funds is not that mysterious. In addition to his own resources, HSBC gave him "unlimited firing rights."

This once again confirms the rumors in the market that the acquisition of Heung Kong Electric is not that simple, and behind it is the wrestling of HSBC and Tang Huan for many years.

On the other hand, there is no airtight wall. After successive sniping successes in the stock market, Liu Luanxiong naturally accumulated some contacts. Like the large hotel group that besieged the Kadoorie family, the second son of the Lixin Group, Lin Jianyue, was also involved. actions.

Some things cannot be said or done, some things cannot be said or done, and some things are on the edge of regulations and standards, and it is impossible to talk about them.

The Xiangjiang Securities Regulatory Office, which is quite a big head, gave an explanation in a jerky manner - Ma Shimin's accusation was "insufficient evidence".

Although this result is beneficial to Liu Luanxiong, Liu Luanxiong is not satisfied—Made, you have been dawdling for a few days about the big things. I don't know if the uncle's "blitzkrieg" is the most annoying of this procrastination.

The matter that caused Liu Luanxiong's seven orifices to smoke is still to come. Ma Shimin was also unconvinced by the Hong Kong Securities Regulatory Office's statement, and immediately appealed. The wrangling lawsuit entered the hearing of the Hong Kong Acquisition and Merger Committee.

The "Financial Times" under Huang Yulang's command was even more furious, scolding Ma Shimin, "If you can't afford it, hurry up and leave with your tail between your legs. Isn't it embarrassing to use these rogue methods that waste everyone's time?"

But no matter how "Financial Times" is "full of righteous indignation and outspoken", the rules of the game are like this, and the Heung Kong Acquisition and Merger Committee has started a serious hearing.

Not only Liu Luanxiong's side, but also the bystanders could see that Ma Shimin was using the rules to use delaying tactics in order to gain a buffer time for himself to raise cash.

You must know that the stock market is very sensitive. At this stage, the stock price of Xiangjiang Electric has been fired to around 90 Hong Kong dollars.In this case, even a change of a few tenths of a percent of the shareholding ratio will involve hundreds of millions of funds.

In particular, today, the Hong Kong stock market has experienced several ups and downs, and the stockholders have long been baptized to be extraordinary.

Due to the rumors in the market, HSBC and Tang Huan are really tired of the years of entanglement with each other, and they are going to use this arm wrestling of Xiangjiang Electric to determine a clear outcome and make a decision.

Investors have reason to believe that in the decisive battle between the two giants, how could it be possible for Heung Kong Electric, which is competing for bargaining chips, for its share price not to break through HK$100, and it can even completely replicate the unprecedented acquisition battle in 1972 - Jardine Matheson's acquisition of Milk Company, That is to say, the so-called "Landmark Drinking Milk" event saw the stock price of the milk company break through 200 Hong Kong dollars.

This kind of mentality has made Heung Kong Electric's stock a rare commodity, and all holders are watching it closely, and even wish to create fake stocks to make up for it like in the 1970s when supervision was lax.

Now that Qinhe has launched a super rights issue plan, it seems to be hoarding arms. How can those holders of Heung Kong Electric not continue to be patient?

This also reflects Liu Luanxiong's lack of background. When other consortiums conduct such large-scale acquisitions, they can often use the method of "swap shares"-when Tang Huan and Jardine were fighting, they received miraculous.However, the assets under the name of Liu Luanxiong are not as attractive as Heung Kong Electric, so they can only use cash, and the white knife enters the red knife and exits the ground to fight hard.

In addition to Huang Yulang's "Financial Times" barking like a mad dog, those rational financial media have pointed out: Liu Luanxiong seeks to enter the board of directors of Heungkong Electric, implying that his acquisition has reached the ceiling.Moreover, even if Liu Luanxiong can now acquire more than 30.00% of the shares of Heung Kong Electric, the staggering amount of funds needed for the ensuing comprehensive acquisition is also a severe test. It is better to enter Heung Kong Electric first. The board of directors is stirring up trouble and looking for another opportunity.It's just that the experienced Qinhe is not a vegetarian, and he has seen through the other party's bad intentions, so even if it is unreasonable, he will obstruct it in every possible way.

The wisdom of teamwork is really extraordinary. Liu Luanxiong, who was rejected by Ma Shimin, verified this conjecture with his next actions.On the eve of the shareholders meeting of Heung Kong Electric, he actively ran around and frequently contacted minority shareholders.Although Gai was cast aside by stable investors because of his notoriety as a "bone dismantling expert", small shareholders who have milk or mothers don't really care, and it is easier to win over.

It's just the reaction of Xiangjiang Electric, which once again showed its sophistication and integrity. It issued an announcement: the general meeting of shareholders of Xiangjiang Electric will be postponed.

It's an exaggeration to say that the move was quite popular.Obviously, the mentality of all parties wanting to see a more grand and good show has become the general trend.

The "Financial Times" satirized this: "The frequent use of these rogue methods can only show its emptiness in strength and psychology."

Liu Luanxiong, who fought with Ma Shimin so repeatedly that he was in danger of being dragged into the quagmire, finally couldn't stand it any longer. The bone dismantling expert performed the most threatening move since the attack on Xiangjiang Electric - revealed a new acquisition plan.

When everyone had thoroughly tasted the content, they couldn't help but take a deep breath—it seems that Liu Luanxiong not only has a strong financial backing, but also has expert guidance in strategy.

It turned out that in this new acquisition plan, Liu Luanxiong proposed a concept - "partial acquisition".

The reason why Hong Kong has become a paradise with "lots of opportunities" described by adventurers is largely due to its free port style and various opportunities for speculation due to the lack of perfect regulations.

Li Bancheng's acquisition of Hutchison and Pao Yugang's acquisition of Wharf made Heung Kong Huazi's limelight stand out for a while, while British capital, which is basically in a state of unstable holdings, is in constant panic.

The Hong Kong government's ass sits there, self-explanatory.Therefore, it subsequently revised the relevant regulations, and adjusted the shareholding ratio for the proposed comprehensive acquisition from 40.00%30.00 to [-]%[-].

The former Jardine Taipan Niu Bijian, after Landmark lost Wharf, the reason why he dared to continue to expand desperately is because of the positive factor that this change has made it more difficult for the company to be acquired.

According to Liu Luanxiong, Xiangjiang Electric Light, as an important part of Xiangjiang Public Utilities, must maintain its status as a publicly listed company in order to enjoy the franchise regulations.If you propose a comprehensive acquisition, that is, increase the shareholding ratio to more than 50.00%, it will run counter to this spirit.

Based on this, Liu Luanxiong believes that as long as his shareholding ratio in Heungkong Electric increases to 30.00%, the "comprehensive acquisition" will be considered completed.

In other words, if Liu Luanxiong acquires another 20.00% of Heungkong Electric's shares, he can announce that he has won the final victory in this capital war.Compared with the original 01% shareholding ratio increase requirement, the difficulty is not lowered by 30:[-] points.

Of course, whether Liu Luanxiong's wishful thinking can be realized will ultimately depend on the attitudes of the Xiangjiang Securities Regulatory Office and the Acquisition and Merger Committee.After all, the specific understanding and release depend on which side their buttocks sit on.

Professionals from the Heung Kong Securities Regulatory Office and the Takeovers and Mergers Committee seemed to be caught off guard by this proposal and were at a loss for the moment. Most of them said vaguely: "In principle, there should be no problem."

Just like that, in an instant, the balance of victory seemed to begin to tilt towards Liu Luanxiong's side.

At this time, Ma Shiming, who already had money in hand, significantly raised the offer to buy back Xiangjiang Electric's shares to a stifling HK$180, while hiring professionals to refute Liu Luanxiong's so-called "partial acquisition" plan.

At this time, people found that the executive of the electric light had finally expressed a sense of urgency for life and death, and his tone of speech was no longer as calm as before, and he began to sharply criticize the Xiangjiang Securities Regulatory Office and the Takeover and Merger Committee. Behaving unprofessionally.

……

"Your confusion has led to the confusion of the stock market, the confusion of stock investors, the confusion of the media, and the confusion of both warring parties, which in turn has turned this takeover war into a confusion."

"Once this case is opened, the equity balance of many companies in Hong Kong will be broken."

"The Heung Kong Securities Regulatory Office has an ambiguous attitude towards this so-called 'partial acquisition', which will seriously damage the fair environment of Heung Kong as an international financial center."

……

In fact, Ma Shimin is acting in his true colors.Only a handful of people like him, Zhou Mi, and Tang Huan know that Qinhe has the ability to quickly increase the local shareholding ratio in Xiangjiang Electric, and kill the sniper plan of Liu Luanxiong, a pawn, but Qinhe did not choose to do that. , and even fueled the flames, now I really let myself walk on the tightrope, as long as I don't pay attention, I will fall unconscious.

As for Liu Luanxiong's taking advantage of the loophole this time, it once again caused waves in the capital circle in Hong Kong.After all, there is more than one piece of "fat" in a situation like Xiangjiang Electric Lighting, and many big bosses have begun to worry about their own family wealth.

You know, since the 1970s, the United States has set an example for large-scale hostile takeovers, and Xiangjiang, which is in line with international standards, will naturally not lag behind.After entering the 1980s, the wave of hostile takeovers worldwide became more and more intense.Faced with the unscrupulous methods of many "bone dismantling experts" such as Liu Luanxiong, it is inevitable that everyone with vested interests will be in danger.

It is not difficult to imagine that the great debate set off by Ma Shimin has attracted the participation of many stakeholders. The acquisition battle of Heung Kong Electric has also blossomed in full swing, from the handover of short soldiers in the capital field to the intrigue of the board of directors and shareholders' meeting, and then spread to finance and economics. There are different opinions in the world, and the situation is becoming more and more complicated and difficult to figure out.

Although Tang Huan didn't roll up his sleeves to leave the game in person, but just watched the game in the stands gracefully, but he has always been the center of media attention, and reporters will naturally come to ask him what he thinks.

In fact, regardless of how relaxed and happy Mr. Richest Man is on the surface, the paparazzi headed by Huang Yulang's "Daily Daily" are always staring at his side and replaced by a female star, but the task in the mainland It's not easy.

Nowadays, it is already an era of eye-catching advertising.If you don't publicize it well, shareholders may not sell you their shares during a takeover battle; investors may not actually pay for you during a rights issue.

Tang Huan was a golden brand when he stayed in Xiangjiang. He was chased and intercepted by reporters every day. He didn't know how much publicity and momentum he saved for his subordinates.

(End of this chapter)