Chapter 1006 Easily Earned Hundreds of Millions (Asking for Votes)
After Verry finished speaking, someone immediately distributed the bills that had been prepared to the participants one by one.
Wade Shi Yahuai's face had changed dramatically when Weiri spoke.
After getting the bill, I immediately opened it, searching for key sentences and numbers on it.
“...... According to Jiuding Bank, Standard Chartered Bank, Standard Accounting Firm, Standard Law Firm and other parties, Cathay Pacific Airways is valued at HK$1.8 billion, and the company's existing total share capital is 200 million shares, with an appraised value of HK$9 per share......"
“...... It is proposed to designate a private placement of 100 million shares to Jiuding Industrial Group at a price of HK$900 per share to raise HK$900 million......"
"The proceeds will be used to purchase four Boeing 747 aircraft......
After seeing these words and numbers, Wade Shi Ya trembled with anger, and his white face became dark red because he was so excited.
"Smack!"
Wade Shi Yahuai slapped the table hard, startling most of the people in the conference room, and everyone's eyes were focused on him.
Seeing him so angry, people who have already read the proposal can naturally understand, but understanding is understanding, now that the gods are fighting, they can only watch it and watch the play quietly.
"Welly, don't go too far!"
"Cathay Pacific Airways' valuation in the "Economic Weekly" is obviously 2.8 billion Hong Kong dollars, you are wantonly encroaching on the legitimate interests of shareholders, you are not legal!"
"The China Securities Regulatory Commission will never approve it!
Wade Shi Yahuai roared angrily.
It is impossible for Wade Shi Yahuai to be so angry, but if the private placement is carried out according to this bill, the interests of their Swire Aviation will be seriously damaged!
Swire Airlines now holds a 37% stake in Cathay Pacific Airways, which is worth HK$1.036 billion at a valuation of HK$2.8 billion.
If the valuation is based on the valuation of HK$1.8 billion, then his equity is only worth HK$666 million.
Shrunk by 370 million Hong Kong dollars out of thin air!
Although through layers of equity relations, in fact, the losses allocated to their Shi Yahuai family are only about three layers.
But even if it's three layers, that's more than 100 million!
In addition to the loss of assets, the decline in shareholding ratio and Jiuding Industrial Group's strengthening of de facto control over Cathay Pacific Airways also made Wade Shi Yahuai angry.
If the private placement is carried out according to this proposal, the total share capital of the company will change from 200 million shares to 300 million shares.
Swire Airlines' current 74 million shares will reduce its share capital from 37 per cent to 24.67 per cent.
The shareholding ratio of Jiuding Industrial Group will increase from 54% to 69.33%!
More than two-thirds!
In addition, after the dilution of the Heung Kong Airport Ground Service Company and the Heung Kong Aircraft Engineering Company, there is still a cumulative 6% stake in the shares.
Then the number of board seats belonging to Jiuding Industrial Group will grow to fifteen!
Jiuding Industrial Group's control of Cathay Pacific Airways will be easier!
Even if he won over a few independent directors, it would not be a hindrance.
Not to mention that with this time, if Verry maliciously diluted their stake again and again, the loss would be even greater.
So Wade Shi Yahuai is now saying that he is angry, but what is hidden underneath is actually horror.
In the face of Wade Shi Yahuai's angry threat, Wei Li sneered and said: "Mr. Wade Shi Yahuai, I dare to put forward this proposal, it must be within the scope of the law, if you don't understand the law, don't blame indiscriminately." ”
"As for whether the Securities Regulatory Commission will approve it, that's a matter for the future, so you don't need to worry!"
After speaking, Wei Li said loudly: "For this proposal, everyone votes by raising their hands!"
With that, Verry raised his hand again.
A similar scene happened again.
With the exception of Wade Shi Yahuai, all those who were eligible to vote raised their hands.
Wade Shiya's eyes were so angry that his eyes were bloodshot, and he stared at Verry with a hideous face.
But Verry simply ignored him!
The secretary of the board of directors and the representative of the supervisor once again cooperated to count and read out the votes: "The total number of votes on the proposal for private placement of additional shares for financing is 27 votes, 20 votes in favor and 7 votes against, with an approval rate of 74.07 percent, more than two-thirds, and the proposal is voted on in accordance with the provisions of the Company Law and the Articles of Association!"
After that, the dust has settled!
Wade Shi Yahuai was so angry that his chest seemed to be about to burst, he couldn't bear it anymore, and regardless of his demeanor, he got up and kicked over the stool and left in full view of everyone.
When the door was opened, due to excessive force, the door of the conference room slammed against the wall, making a loud noise, causing most of the people in the room to look at each other.
Outside Cathay Pacific.
Reporters and melon-eating people stared at the scorching sun in anticipation, no matter how small they talked, their eyes would never leave the door for three seconds.
Just as Wade Shi Yahuai's figure appeared by the gate, the reporters waiting outside immediately became agitated.
"Wade Shi Yahuai is out!"
I don't know who shouted, and then the reporters rushed towards him frantically, if it weren't for the desperate efforts of the police to stop him, Wade Shi Yahuai would have been overwhelmed by the crazy reporters.
"Mr. Wade Schiahuai, what happened to make you so angry?"
"Mr. Shi Yahuai, why did you come out alone, did you leave the table angrily?"
"Mr. Shi Yahuai......"
Listening to the noisy words, Wade Shi Yahuai, who was already in a bad mood, had a headache, especially when he felt that someone behind him was pulling his clothes to prevent him from leaving, he directly shook it hard, turned his head and shouted angrily: "Shut up!"
The reporter who was pushed rolled his eyes and shouted "Hit someone!" and fell to the ground.
The reporters who surrounded him were even more excited, and kept pressing the shutter to shoot the tragedy of the "beaten reporters" and the cold departure of Wade Shi Yahuai.
The atmosphere at the scene became more and more tense.
Wade Shi Yahuai's bodyguard sensed that it was not good, and immediately stepped up protection, doing his best to cover the employer to squeeze through the crowd and get into the car and leave.
Seeing Wade Shi Yahuai's car driving away, many reporters were unwilling, but they didn't necessarily have much regret.
Although they did not get useful information from Wade Shi Yahuai, they could get it from others in the back.
On the contrary, the scene that just happened was a huge breaking point.
Some reporters have already figured out tomorrow's headlines, such as "Cathay Pacific changes dramatically, Chairman Wade Shyahuai leaves in a rage!"
Another example is "Cathay Pacific chairman lost control of his emotions and beat reporters!"
......
In short, after Wade Shi Yahuai's appearance, the people present are more and more looking forward to the end of the meeting between Wei Li and others.
After about twenty minutes, Weiri and the others finally came out talking and laughing.
In front of the vast number of reporters, Verritten specially stopped for an interview.
And many others were interviewed, and the events of the interim board of directors were fully reviewed into the minds of reporters.
By noon, basically everyone in the upper echelons of Hong Kong knew the outcome of the struggle with Cathay Pacific.
Shi Yahuai's family failed miserably!
Cathay Pacific Airways officially changed hands and was forcibly eaten by the Jiuding consortium!
The first round of the Chinese-funded Jiuding Consortium VS the British-funded Swire Consortium, the Jiuding Consortium won!
The capital market reacted faster, and after Verry replied in an interview that the stock price of Heung Kong Aircraft Engineering Company was seriously inflated, and the market needed to return to rationality and would not intervene in the acquisition of shares, the stock of Heung Kong Aircraft Engineering Company began to plummet.
Jiuding Securities has long since withdrawn.
Norman Schiaw, after receiving a report from his nephew, immediately asked the people of Swire Financial to stop buying shares.
Without the main forces of the two parties, the other small miscellaneous fish on the periphery can't make big waves at all, and it's no wonder that the stock price doesn't fall.
Wait until half past twelve when the market closes.
The share price of Heung Kong Aircraft Engineering Company fell to 13 Hong Kong dollars per share, a drop of six floors compared to the opening price in the morning!
The market value has evaporated by more than 2 billion Hong Kong dollars!
And the downward trend is still unabated, and after the stock market restarts in the afternoon, it will definitely continue to plummet, maybe it will fall back to its original market value, or even lower.
This made Norman Shiya, who had been paying attention, vomit blood angrily.
In the past two days, Swire Pacific has acquired more than 5% of the shares of Heung Kong Aircraft Engineering Company at a high price, and if the stock price falls back to the original price, it will lose more than 150 million Hong Kong dollars!
It's just a big injustice!
I believe that in the near future, this matter will be a topic of conversation for many people after dinner.
Some people are worried, and some people are happy.
When the Shi Yahuai family was clouded, Xia Yu was treating his right-hand men at the Peninsula Hotel.
After pushing the cup and changing the lamp.
Xia Yu put down his glass and said to Wei Li next to him: "Wei Li, the next private placement still needs to be voted by the shareholders' meeting, you hold it as soon as possible, and I will deal with it on the side of the Securities Regulatory Commission." ”
"In addition to this matter, you also need to take over the Xiangjiang Aircraft Engineering Company and the Xiangjiang Airport Ground Service Company, and make every effort to ensure the stability of the company, so as not to let the Shi Yahuai family sabotage it. ”
Verry nodded in response, "Okay, Chairman!"
Xia Yu bowed slightly, looked at Wang Qi on the other side, and instructed: "Wang Qi, when Weiri's side completes the private placement, you will launch an acquisition from Swire Airlines again, and the price can be pushed down hard at the beginning, anyway, we have the initiative, if they know each other, we can relax the conditions a little." ”
"By the way, Dongfeng Airlines still has 20% of the equity in their hands, and they are looking for them to buy it back, which is originally mine. ”
Wang Qi nodded solemnly, thought for a while and asked, "Chairman, how much is the appropriate equity bid for Dongfeng Airlines?"
Xia Yu thought about it for a while, and said with a light smile: "At most, 150 million!"
"You can bid 100 million, talk slowly, they have no other choice anyway. ”
Now that they have completely turned their faces with the Shi Yahuai family because of the Cathay Pacific Airlines matter, and the Liang Zi has been settled, it is impossible to untie it again, it is better to continue to weaken their strength, and it is a good thing to be able to reduce tens of millions!
In the case of tearing his face, the twenty percent equity they hold is useless, anyway, the company is not listed, he can join forces with Bao Yugang and Huo Yingdong to slaughter the Shi Yahuai family.
Asset transfer or private placement dilution, there is always one suitable for them!
PS: Ask for a recommended ticket monthly pass!
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