Rebirth of the World’s Richest Man

Chapter 3656 Hostile Takeover

“Director Jiang, do you know Shengda Game Company?”

Wang Zhidong asked on the phone. Jiang Xiaobai nodded and responded: "I know."

How could he not know about Shengda Game Company? In his previous life, he played many games of Shengda Game Company. However, Jiang Xiaobai would definitely not say that at this time. Instead, he said: "The one that opened over the West Lake I met him once at the Internet Summit, but I didn’t talk much. The boss’s surname seems to be Cheng, right?”

“Well, it’s him, Cheng Tianqiao, he actually made a hostile takeover of Xinlang.” Wang Zhidong said bitterly on the phone.

There are two types of acquisitions of shares of other companies. One is ordinary acquisitions, also called good-faith acquisitions, friendly acquisitions, and agreement acquisitions. This means that the acquiring company negotiates with the target company in advance, obtains its consent, and negotiates to reach acquisition conditions. unanimous opinion.

In a bona fide acquisition, the acquiring company generally determines the target company, tries to bring the senior managers of both parties into contact, discusses the merger and acquisition, and signs a merger and acquisition agreement under conditions acceptable to both parties. It is approved by the boards of directors of both parties and more than 2/3 of the shareholders' meeting. Passed by a yes vote.

For example, Huaqing Holding Group used this method to acquire Yaohan Supermarket. Both parties agreed and reached a unanimous agreement.

But there is another kind of acquisition situation, which is malicious. There are two kinds of malicious ones. One is called a bear hug. If the price is directly higher than the market price, the board of directors must notify the shareholders.

 Some shareholders may feel that the benefits are high enough and sell their shares.

This kind of acquisition usually occurs after the good-faith acquisition talks from above fail to reach an agreement. The company that is planning to acquire the company is unwilling to accept it, so it breaks up directly. To put it simply, everyone was having a good negotiation at the beginning, but since the negotiation cannot be reached, Then let’s stop talking, let’s show our cards, and I will kill you with money.

In addition to the bear hug, there is another type of hostile takeover, which is sniper public purchase, which involves buying the target company's shares directly on the open market without communicating with the other party.

  Not to mention the board of directors of the target company, even the shareholders of the target company don’t know about it.

 This time Cheng Tianqiao used the last method, a sniper-style public purchase, and sold directly on the open market. The shareholder Jiang Xiaobai was completely unaware of it.

"Director Jiang, the company has just learned that it is planning to convene an emergency board of directors meeting, followed by a shareholders' meeting. Do you have time to come and have a face-to-face meeting?" Wang Zhidong said anxiously.

 No one knows what Cheng Tianqiao wants to do, but what Wang Zhidong knows is that Cheng Tianqiao has purchased a lot of Xinlang shares in the open market, and is even about to become the largest shareholder of Xinlang. No, it's not that it's about to happen, but it's actually Xinlang's largest shareholder.

Huaqing Holding Group holds shares in Xinlang. It first acquired 4% of Xinlang's shares from Yingke, and acquired 4.3% of Xinlang's shares from Goldman Sachs. , the two together hold a total of 8.3% of Xinlang's shares.

Later, some shares were acquired from the stock market, accounting for a total of 11% of the shares. Originally, Huaqing Holdings Group was the third largest shareholder, but now after Cheng Tianqiao became the largest shareholder, Huaqing Holdings The group's ranking continued to decline, becoming the fourth largest shareholder.

 Has fallen out of the top three.

"Okay, I'll take Zhang Tingting and Zhang Jun there." Jiang Xiaobai agreed immediately. Xinlang was also a company that Jiang Xiaobai valued, and he had a lot of shares in it. It took a lot of effort to get it together with Gao Sheng and Yingke. While negotiating, it would not be the case if Cheng Tianqiao took the acquired shares away from him without saying a word. "Okay, Director Jiang, please support me this time." Wang Zhidong said solemnly.

"Haha." Jiang Xiaobai said with a smile: "Of course, you know, I have always supported you."

After hanging up the phone, Jiang Xiaobai informed Zhang Tingting and Zhang Jun that Huaqing Holding Group occupies 11% of the shares of Xinlang Company, but it has two board seats. One of these two board seats belongs to Zhang Tingting. One is Zhang Jun.

As the actual controller, Jiang Xiaobai usually does not come forward. Xinlang usually holds board meetings and the like, and only Zhang Tingting and Zhang Jun are notified to attend. They will also attend from time to time, and basically attend. They support Wang Zhidong’s decision.

Huaqing Holding Group is a die-hard supporter of Wang Zhidong in Xinlang. Without Huaqing Holding Group, Wang Zhidong might have been dismissed.

That is to say, Huaqing Holding Group tried its best to protect Wang Zhidong so that Wang Zhidong could stay in this position. This is why Wang Zhidong called Jiang Xiaobai as soon as the incident happened.

 Zhang Tingting, needless to say, is Jiang Xiaobai's secretary. She is basically wherever Jiang Xiaobai is. Zhang Jun was also in Shanghai recently because of the negotiations between the securities company and Gurley Group.

 After receiving Jiang Xiaobai’s notice, the two of them arrived at Jiang Xiaobai’s office soon.

"Let me tell you briefly, there was a call from Wang Zhidong just now, saying that Xinlang was subject to a hostile takeover, a sniper-style public purchase, and now the other party has become the largest shareholder of Xinlang. An emergency board meeting will be held here, and a shareholders' meeting will be held later." Jiang Xiaobai briefly informed the situation.

Zhang Tingting's eyes widened. This was the first time she had heard of such a thing in her career. On the contrary, Zhang Jun said calmly that this kind of thing did not happen much in China, but this kind of thing was very rare abroad. Yes.

If some normal acquisitions cannot be negotiated properly, they will directly resort to hostile acquisitions. Regardless of whether they are successful or not, it is disgusting enough anyway. Of course, there are many successful cases of this kind. After all, many times people with deep pockets are inherently wealthy. It's an advantage, and it's a big advantage.

What surprised Zhang Jun was who was so bold to engage in a hostile takeover.

“Dr. Jiang, who is this? Are you so brave?”

Xinlang Company is considered a large company among domestic Internet companies. Although its founder Wang Zhidong does not hold many shares, the shareholders below are very powerful.

The largest shareholder turned out to be Sitong Company, with 13% of the shares, followed by Huadeng International, with 12% of the shares, and finally Huaqing Holding Group with 11% of the shares. These three companies No one in the company is easy to mess with.

 (End of this chapter)