Norman Shi Yahuai frowned and picked up the takeover offer on the table and carefully scanned it.

It's just that as he kept looking down, his brows furrowed more and more tightly, and when he saw the anger in his heart, he couldn't help it, and threw the acquisition offer on the table with a "snap".

"This is insulting our Shi Yahuai family!"

Norman Shi Yahuai was so annoyed, it was really too much of the acquisition offer sent by Jiuding Securities Company, in his opinion, there was no sincerity at all, and he completely wanted to suppress people with power and force them to give in!

The takeover offer is for the whole of Swire Airlines, and the price of the wholly-owned acquisition is HK$700 million!

It's only 700 million Hong Kong dollars!!

This is seriously not in line with the true value of Swire Airways.

At present, Swire Airlines has four parts of assets in its hands, all of which are equity.

The first part is 28.5% of the equity of the Heung Kong Airport Ground Handling Company, which is worth 99.75 million Hong Kong dollars, close to 100 million, according to the valuation of the entire company at a normal time of 350 million Hong Kong dollars!

The second part is the equity of Cathay Pacific Airways, which was originally 37% shareholding, and according to the normal company valuation of 2.8 billion Hong Kong dollars, the value should be 1.36 billion Hong Kong dollars.

But there is no way, it was forcibly diluted by Jiuding Industrial Group, and now only 24.67% is left, if it is calculated according to the valuation of 1.8 billion Hong Kong dollars at the time of the private placement, plus the 900 million Hong Kong dollars raised by the private placement, the total value of Cathay Pacific Airways is now 2.7 billion, and the equity is also worth 666 million Hong Kong dollars.

The third part is the equity of the Heung Kong Aircraft Engineering Company, which was originally replaced by 23.42 percent, not to mention the calculation of the company's market value at a peak of nearly 5 billion Hong Kong dollars some time ago, nor according to the current real-time market value, even if it returns to the market value of 710 million Hong Kong dollars at the normal time, it is worth 166 million Hong Kong dollars.

Of course, the 5.3% stake acquired in the secondary market is still in the hands of Swire Pacific, and Norman Schiawe has not been transferred to Swire Airlines, so it cannot be counted in Swire Airways' assets.

The fourth part is 20% of the equity of Dongfeng Airlines, and the value of this equity is the most clear, that is, it is worth 200 million Hong Kong dollars.

Even without taking into account the value of Swire Airlines' office space, properties and personnel, the cumulative value of these four shares reaches HK$1,132 million!

With the addition of other assets, there is a real amount of 1.2 billion Hong Kong dollars!

And under normal circumstances, the acquisition of a company has to be acquired at a premium, even if it is a casual premium of 20%, then there is a 1.44 billion Hong Kong dollars, right?

But looking at the offer of Jiuding Securities' acquisition offer, it is only 700 million Hong Kong dollars!

This price is a huge insult to Norman Schiaw!

Compared with the first time Wang Qi personally sent the takeover offer, the price of the takeover offer reached 1.6 billion Hong Kong dollars.

Now that the second takeover offer has been made, quoting a purchase price of 700 million Hong Kong dollars, how can Norman Shi Yahuai not be angry?

On this takeover offer, Norman Shi Yahuai saw a line of words that did not exist but appeared clearly - I am domineering, I am bullying you!

Wade Shi Yahuai fully understood his uncle's anger, and when he first saw the takeover offer, he was no less angry than his uncle was now.

But on the way here, he gradually calmed down and thought of the multifaceted effects and hidden dangers.

The price of Jiuding Securities' offer is low, but if you are willing to negotiate, there is still room for negotiation, but it will definitely not be higher than 1.1 billion Hong Kong dollars!

After all, they have completely lost the initiative!

At present, Cathay Pacific Airways, Xiangjiang Aircraft Engineering Company, Xiangjiang Airport Ground Service Company and Dongfeng Airlines, all of which have the final say by the Jiuding Consortium, have completely lost their ability to resist.

If Jiuding Industrial Group continues to do what Cathay Pacific did a few days ago, Swire Airlines, which still has an asset value of 1.132 billion Hong Kong dollars, will continue to shrink sharply, and it is difficult to say whether it can be worth 700 million Hong Kong dollars in the future!

Jiuding Securities Company must also be based on this, so they dare to be domineering and shameless to quote a price of 700 million Hong Kong dollars.

But if they agree to sell, not to mention the loss, the key is that the hatred between the two families is irreconcilable, if they want to bow their heads, their Shi Yahuai family will become the laughing stock of Xiangjiang and their reputation will be discredited!

Although the reputation is not good now......

Seeing that his uncle was still angry, Wade Shi Yahuai did not speak and waited quietly.

Long.

"Whew~"

Norman Shi Yahuai let out a long breath and forcibly calmed his mood as much as possible.

Seeing this, Wade Shi Yahuai immediately asked: "Uncle, now that Jiuding Securities Company has sent a war letter, how should we choose?"

His potential line is, do we want face or votes, or both?

Norman Shi Yahuai said with difficulty: "Talk to them, talk to them and sell them at a suitable price." ”

After speaking, Norman Shi Yahuai seemed to be unable to support the weight of his upper body, and leaned his back on the sofa.

It was too difficult for him to make this difficult decision, and the hatred and humiliation in it were not something that ordinary people could endure, let alone a big man of his level.

However, in terms of interests, in the case of losing all initiative, choosing to bow to Jiuding Securities Company is the best choice, and blindly fighting will cause greater losses!

Stay in Qingshan without worrying about running out of firewood, and when the result is already doomed, first get back as much of the benefits as possible.

Wade Shi Yahuai was stunned for a moment, his face was ugly, he nodded slightly and said: "Okay, it's just that uncle, the price of 700 million Hong Kong dollars is too low, we must negotiate, what is the bottom line?"

Norman Shi Yahuai pondered for a long time and said firmly: "One billion Hong Kong dollars!"

Hearing this figure, Wade Shi Yahuai looked embarrassed and asked worriedly: "Uncle, now the assets of our Swire Airlines are about 1.2 billion Hong Kong dollars, with the attitude shown by Jiuding Securities Company now, their appetite is too great, can we keep the bottom line of 1 billion Hong Kong dollars?"

"The last time Jiuding Industrial Group diluted our equity, it cost us 370 million Hong Kong dollars, and if they come from other companies a few more times, it can easily make us lose another 200 million Hong Kong dollars. ”

"I'm afraid they won't let go easily!"

The nephew's worries Norman Shi Yahuai also thought about it, but he thought about it more.

He replied: "This is just our preliminary bottom line, let's talk about it first, and the longer it drags on, the better, so that they don't have to free up their hands and target our other companies." ”

"You have to negotiate with a negative mindset, and as long as they don't completely lose patience and want to warn us by diluting the equity, then drag it out. ”

"At the same time, you release news to the outside world and actively contact the consortia of other countries to see if you can find other forces to take over and transfer the contradictions to other consortia. ”

Wade Shi Yahuai thought for a while, nodded and responded: "Okay, I will contact the consortium that has intersections with our family." ”

With that, the living room fell silent.

After a while, Wade Shi Yahuai said with some apprehension: "Uncle, if we don't find other forces to take over, and finally sell the equity to Jiuding Securities Company, it will be a huge blow to our family's prestige, and the bad impact will be extremely far-reaching, I am worried that there will be a situation where the Chinese consortium will unite to besiege us." ”

In the face of Xia Yu's first wave of attack, the Jardine Consortium succumbed and retreated, and then the Chinese capital was excited, saw the weakness of the Jardine Consortium, and finally attacked it en masse, resulting in the complete demise of the Jardine Consortium.

Now if they bow to Xia Yu and "cut the land and pay compensation", he is worried that there will be another scene of being besieged like the Jardine Foundation.

A Jiuding consortium is enough for them, if they face the siege of more powerful Chinese capital after the annexation of the Jardine Consortium, Wade Shi Yahuai does not have a little confidence in his heart.

This point that Wade Shi Yahuai was worried about, Norman Shi Yahuai also took into account.

He immediately said: "I have taken these into consideration, so I asked you to find a way to find other forces to take over and resist the pressure of the Jiuding Consortium for us." ”

"On the other hand, delaying time also leaves enough time for us to recover our prestige and losses. ”

Wade Shi Yahuai's eyes lit up, and he immediately asked, "Uncle, how can we restore our prestige?"

Norman Shi Yahuai's eyes narrowed, his gaze became cold and deep, and he said faintly: "If it weren't for the Song family betraying us, Cathay Pacific Airlines would not have been taken away, and we would not have fallen to the point where we are now, they must pay the price for their actions!"

PS: The first more ticket, I wish you all a happy weekend!

n.