Yang Fei wants to acquire Siping Group, and this news has spread all over the country overnight.

Beauty Group is the leading daily chemical enterprise in China.

Now, Yang Fei has announced in a high-profile manner that Beauty Medicine has been officially established!

Beautiful Group has entered the pharmaceutical industry in a high-profile manner!

At the same time, Yang Fei said that Beauty Medicine is about to acquire Siping Group, the largest pharmaceutical company in Southern Province!

Why is Yang Fei so high-profile?

It stands to reason that you shouldn't be cautious about acquiring someone else's company?

If Yang Fei didn't go to Siping Group and didn't brag in front of Liu Xiliang, it would be impossible for Siping Group to know that someone wanted to buy their company.

Yang Fei quietly acquired stocks, didn't he just do it?

Well, now that you have made such a big move, Siping Group is like a big enemy, and the top and bottom are guarding against you, how can you implement your acquisition plan?

Everyone clearly refused, Yang Fei didn't know how to converge, and the next day he held a press conference, announcing in an unusually high-profile manner that the beauty group officially established a beautiful pharmaceutical company, and announced to everyone that he would spend a huge amount of money to acquire Siping Group.

Yang Fei's move can be said that many people can't understand it.

Chen Mo, Ning Xin and others couldn't see it thoroughly.

The most direct result of Yang Fei's move is to push Siping Group, an unremarkable listed company, under the public's nose.

Siping Group's stocks, since its listing, have not fluctuated much, this stock, can be said to be decent, not particularly outstanding performance, but not too rubbish.

Now, because Yang Fei wants to acquire, it is equivalent to injecting a shot of strength into the shares of Siping Group!

After Yang Fei made a public speech, on the same day, the stock of Siping Group soared, reaching the price limit for the first time!

Liu Zhiping and his son watched their stocks rise wildly, and couldn't help but be happy!

In the next few days, encouraged and promoted by the good news of Yang Fei's acquisition, the stock price of Siping Group climbed steadily, hitting several price limits in a row, all the way to 25.8 yuan!

The soaring stock price has led to shareholders frantically buying shares of Siping Group.

This stock, which has always been immortal, is now suddenly like a night of spring breeze, blooming with the fragrance of flowers full of trees!

The shareholders who hold the shares are also impressed.

Stocks themselves are not money, and buying stocks does not mean that you can make money from your investment.

Only by buying low and selling high and cashing out can you turn stocks into real money.

Some small shareholders have waited for several years to get such good news, and of course they want to cash out their stocks.

As a result, more and more stocks are listed and circulated in the market.

Liu Zhiping's father and son, who were still ecstatic just now, began to be anxious at this time!

The four brothers of the Liu family hold about 40% of the group's shares.

Other minority shareholders hold about 30% of the shares.

There are also 30% of the stocks, scattered in the hands of retail investors.

Under normal circumstances, even if Yang Fei acquires most of the retail shares, he can only hold about 20% of the shares of Siping Group, and cannot control the entire group.

However, if a large number of shares of other shareholders enter the market and Yang Fei buys them on a large scale, his shareholding ratio will rise sharply!

Liu Zhiping urgently convened the board of directors and asked each director to hold on to the stocks in their hands and not to flow into the market again, so as not to take advantage of the loophole.

The directors, of course, in front of him, would not say anything.

However, after the meeting, what should have flowed into the market still flowed in.

Brother Liu Zhiping panicked!

The rise in stock prices is a good thing, but it has attracted a large number of small shareholders to sell their shares and cash out!

Liu Zhiping found his son to discuss countermeasures.

Liu Xiliang sneered and said, "Dad, don't worry, Yang Fei wants to buy our company?

Liu Zhiping asked, "Xiaoliang, what can you do to stop him?"

Liu Xiliang said: "When I was studying abroad, I studied the anti-takeover law, as long as we formulate a poison pill plan, we can make Yang Fei's acquisition plan come to naught!"

Liu Zhiping, a native of Southern Province and who had never even been out of the country, asked, "What is the poison pill plan?"

Liu Xiliang said: "It is to set up a defensive wall to let the other party retreat." Dad, just wait and see the show!"

Liu Zhiping saw that his son was so determined, so he was relieved.

Liu Xiliang studied abroad, is a top student at a university in the United States, studied economics and finance, and knows how to deal with such acquisitions.

He understood that Yang Fei was not good, so he quickly invited defense experts to formulate a "poison pill plan".

The poison pill plan was invented in 1982 by Martin Lipton, a well-known American M&A lawyer, and is officially known as the "equity dilution anti-takeover measure".

When a company encounters a hostile takeover, especially when the acquirer's stake has reached 10% to 20%, the company will issue a large number of new shares at a low price in order to maintain its controlling stake.

Once adopted, the poison pill program will have at least two effects: one is to deter malicious buyers, and the other is to reduce the number of buyers who are interested in adopting the program.

In 1985, a U.S. Delaware court legalized the anti-takeover measure.

Poison pill schemes are often used in takeovers and anti-takeovers.

On top of the universal poison pill plan, Liu Xiliang has improved this plan.

He came up with the idea of adding three clauses.

One is to drive down dividends and make the acquirer unprofitable.

The second is to declare that the new shareholders have no right to vote, that the board of directors will only be replaced by a maximum of one-third each year, and that any major decision must be approved by two-thirds of the board of directors, so that the acquirer has no right to control the company.

Third, when a senior person in charge of a company resigns, he must pay him three years' salary and all his pensions, totaling 10 million yuan! When a key person of the company resigns, he must pay him half a year's salary, totaling 3 million yuan. This will put a heavy financial burden on the acquirer!

The plan will automatically take effect when the opponent holds more than 20% of the shares!

Liu Xiliang announced the poison pill plan to the world, the purpose of which was to scare off Yang Fei and the beautiful group, so that the opponent would voluntarily give up the acquisition plan.

After Yang Fei heard the news, he was slightly stunned and said: "Liu Xiliang, you really know how to use the poison pill plan, I underestimate you! You are even more powerful than I imagined!"

Chen Mo asked, "Yang Fei, then do we still acquire Siping Group?"

Yang Fei said: "Of course it can't be acquired." ”

As Liu Xiliang expected, as soon as the poison pill plan came out, Yang Fei did what he wished, announcing that he would give up the acquisition of Siping Group.

Not long ago, Yang Fei declared with great fanfare that he must acquire Siping Group, and now he has announced in a high-profile manner that he will give up the acquisition plan!

Yang Fei's action is once again incomprehensible.

Liu Zhiping and his son are happy!

Yang Fei, Yang Fei, look at what you are capable of, the poison pill plan is here, see how your conspiracy succeeds!

However, on the day that Yang Fei announced that he would give up the acquisition of Siping Group, a major event happened in Siping Group again, which caught Liu Zhiping and his son off guard!

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