Chapter 67: Dealing with Sniper Failure
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The majority of investors who followed the trend and participated in the sniping of the shares of Jardine Land and Jardine Matheson heard the shareholding announcement issued by Jardine Matheson Group and understood the connotation of the announcement. I also understand the unsuccessful outcome of this sniping on the shares of Landmark and Jardine Matheson.
The majority of investors, after a period of grief, began to soberly face the actual problem, how to withdraw from the shares of Hongkong Land and Jardine Matheson with minimal loss?
In fact, the reality is obvious, and now half of the shares of Hongkong Land and Jardine Matheson are in the hands of Jardine Matheson Group and Victory Securities.
As long as these two largest households do not participate in the stock reduction in the near future, they will not compete with the majority of investors to sell stocks. Then, the stock prices of Hongkong Land and Jardine Matheson will have basic support, and there will be no stock price collapse.
In that case, it is still possible for the majority of investors to exit with minimal losses.
The biggest practical question now is: will Shengli Securities, which failed in stock sniping, be willing to lose its own interests, forcibly resist Jardine Matheson, and fulfill the wishes of the majority of investors?
Although this sniper on the stocks of Landmark and Jardine Matheson, Shengli Securities is the initiator, but it can't rely on others!
Besides, buying and selling stocks is itself an investor's personal decision, and the act of winning or losing is at his own risk. Now that the stock sniper has failed, Victory Securities has no loss of self-interest at all, fulfilling everyone's obligations!
The majority of investors actually understand in their hearts that the possibility of Shengli Securities coming out is not very realistic.
But keep a good hope in your heart, it's always okay!
Victory Securities also issued an announcement on Friday night, admitting the failure of the sniper operation on the shares of Landmark and Jardine Matheson.
However, Shengli Securities solemnly promised in the announcement that in order to stabilize the stock prices of Hongkong Land and Jardine Matheson as much as possible, and for the sake of the interests of investors, all the shares of Hongkong Land and Jardine Matheson held by Shengli Securities will not be reduced in the next six months.
Hearing the announcement and promise issued by Shengli Securities, the majority of investors who participated in the sniping of the shares of Land and Jardine Matheson were overjoyed, and the beautiful hope that was originally retained in their hearts has really become a reality.
At the same time, the gratitude for Victory Securities is overflowing from the bottom of my heart and expressed in words.
As for why Victory Securities ultimately retained its 10.1% stake in Hongkong Land and Jardine Matheson? According to Henry, the author of the sniper plan, he said:
The original sniper plan was not thought to be able to bring down the profound Jardine Group in one fell swoop. Therefore, the purpose of this sniper operation, in addition to cooperating with the capture of Wharf, is to counter the arrogance of the Jardine Group.
10.1% equity interest in Hongkong Land and Jardine Matheson. It has the right to make an ad hoc meeting and can raise questions/investigate/prosecute/liquidate/dissolve the company. It can add to the blockage of the board of directors of Jardine Matheson Group and bury the nail of troublemaking. Of course, this is a small part of the reason.
And most of the reason: for the sake of fame.
In the end, it retains a 10.1% stake in Hongkong Land and Jardine Matheson. It was Henry's vested interest in making sacrifices when he made the sniper rollout plan!
This is to give a proof of explanation to the majority of investors who follow the trend of Shengli Securities and participate in the sniper operation:
"We are good brothers who share weal and woe! This sniper operation against the evil Jardine Matheson was unsuccessful. But keep your basic capital and retreat first, so that when you come. The last line of defense will be held by our Victory Securities, at any cost. ”
What a positive, responsible, and conscientious image of a business gentleman! Shengli Securities is the most trustworthy partner of the majority of investors.
Shengli Securities, as a company whose main business is to provide financial securities services. Maintaining a good social reputation is beneficial to the long-term interests of the company.
This is an excellent company, with a long-term professional vision!
In view of the connotation of the announcement issued by Victory Securities last night. On Saturday morning, the senior management of Jardine Matheson Group gathered again to discuss the follow-up disposal of Hongkong Land and Jardine Matheson's equity.
The final resolution was to rely on the shares now held by more than one-third of the shares, to contact the minority shareholders of Hongkong Land and Jardine Matheson, and promise certain benefits. In the next week, a 51% stake will be agreed with the common interest to intervene in the affairs of Hongkong Land and Jardine Matheson.
During Andrew's two-week return to Hong Kong, he witnessed the successful completion of Wharf's equity collection and stock sniping plan.
Also on Saturday morning, Andrew and Henry were discussing a takeover offer for a follow-up stake in Wharf.
Andrew's preference is to make a tender offer to take over the entire stake, privatise Wharf and delist it. In this way, there will be no objection to the subsequent change of Wharf's operation.
Henry's proposal was to make an offer to acquire a 67% stake in Wharf, which would not only guarantee absolute control of Wharf, but also retain Wharf's listing qualifications.
Due to the previous listing application of Shengli Securities, it was blocked by Jardine Matheson Group and was not approved. The subsequent re-listing application is also not guaranteed to be approved.
Therefore, retaining the listing qualification of Wharf, through the replacement of equity, with the help of Wharf's listing qualification, to achieve the curve listing of Shengli Securities, is also a flexible choice.
In view of Henry's proposal, Andrew thought that today is April 17, and in late April, the US federal government will release its economic development report for the first quarter.
According to previous forecasts, the economic development data of the United States in the first quarter should be positive. Then, the price of futures gold will fall, and the opportunity to make money will be shown again.
In this case, the tender offer for Wharf's follow-up shares has been put on hold for the time being and postponed until the second half of the year. Take the prepared Wharf tender offer funds to make a short-term futures gold investment, and make some money first.
After thinking about it, Andrew explained to Henry that the new intention was to:
The tender offer for the follow-up equity of Wharf has been put on hold for the time being and postponed to the second half of the year.
Shengli Securities continues to submit applications for listing to the Hong Kong government. In the second half of the year, depending on the specific listing application, it will be decided whether Shengli Securities will backdoor Wharf to achieve the issue of curve listing.
As for Andrew's new intentions, Henry expressed the same.
Anyway, 51% of Wharf's equity is held in a decentralized manner, and the shareholding of a single account cannot reach 5%, so there is no need to issue a special shareholding announcement. There is no problem in postponing it until the second half of the year and discussing the follow-up equity tender offer.
After discussing with Henry and deciding on the tender offer for the subsequent equity of Wharf. Andrew arranged for $600 million to be transferred back to New York. And decided to fly to New York tomorrow night.
On Sunday afternoon, Jardine Matheson, together with the minority shareholders of Hongkong Land and Jardine Matheson, formed a unanimous common interest group holding 51% of Hongkong Land and Jardine Matheson, and announced a joint announcement.
Regarding the targeted measures of Jardine Matheson Group, Shengli Securities did not say a word and did not respond to any response.
However, this is quite positive news for the majority of investors. The more equity of Hongkong Land and Jardine Matheson is locked, the smaller the exit loss they will pay.
In this situation, the majority of investors have personally felt it. The profit sacrifice paid by Shengli Securities has strongly withstood the Jardine Matheson Group and won what a valuable retreat opportunity for them!