135 Qingzhou British Cement Acquisition Battle(2)

"Li Jiacheng?" Xu Zhi swallowed a mouthful of dried tofu and asked, "What's the situation?"

Wang Liming said: "Just now, the board of directors of Jingzhou Yingni held a vote to vote for a 15% private placement of shares of Cheung Kong Industrial, and Cheung Kong Industrial has also become the major shareholder of Jingzhou Yingni and joined the board of directors. ”

Xu Zhi nodded and said, "So, our board representative is useless at all?"

Wang Liming nodded and said: "Yes, plus we have a total of 5 directors in Jingzhou Yingxiao, and the decision was passed 4:1, and our voting rights are useless!"

According to the law of Hong Kong, holding 16% of the shares, has 20% of the voting rights of the listed company, after the official announcement of the acquisition, Yao Mingcheng entered the board of directors of Jingzhou Yingxiao on behalf of Evergrande, but the other party is a family management, the board of directors and management are a family, even if Yao Mingcheng has 20% of the voting rights, it is completely excluded from the core.

Xu Zhi asked again: "How many shares have we acquired in the past few days?"

Wang Liming replied: "We originally had about 21% of the shares, and in the past few days, we have only acquired 5% at a premium, and we have only 26%, but after this private placement, our shares are only 22.6%!"

"Why did so many geniuses acquire 5%?" Xu Zhi asked.

Wang Liming said: "It's a little strange, but it may be because of the Wharf time at the beginning of the year, and the shareholders are now waiting for both of us to raise the price, after all, the original Wharf has risen 3 times!"

"It's possible, but we can't buy it at a premium now!" Xu Zhi frowned and said: "One more premium, it is estimated that everyone will wait for the next opportunity." ”

Wang Liming nodded and said, "Yes, the stock market is like this." ”

Buy up or not buy down, this sentence can not only be used in real estate, but also in the stock market, especially now that the takeover war has broken out, everyone is waiting for the Wharf incident to repeat.

The second reason is Li Jiacheng's involvement, which is completely different from history, although the company's profits are high at the moment, the profit time is not long, not to mention that it has spent a lot of money to buy Hutchison stocks, and now the funds for the acquisition of Jingzhou Yingni are all from HSBC's financing.

And Li Jiacheng is different, for funds, real estate developers play the most, Lao Li is the top figure among them, and the capital is really hard to fight, which is not good for Xu Zhi.

After thinking for a while, Xu Zhi smiled and said: "Inform Dolly, don't continue the acquisition yet, the third party will enter the market, and the whole game will change!"

Wang Liming nodded and said, "Okay, then should we sell some stocks before we announce it!"

Xu Zhi asked, "What do you mean?"

Wang Liming explained: "As soon as Jingzhou Yingxiao released this information, the stock price immediately skyrocketed. ”

Xu Zhi nodded and said, "Then let's make a part of it first!"

Evergrande's background has long been investigated, after all, no matter how imperfect Xiangjiang's stock market supervision law is, it is impossible to say that even the background of the acquirer is not investigated.

In fact, on the first day of the proposed acquisition, Win Duoli had already handed over the information, and the day after the acquisition broke out, Evergrande's information was exposed, and all Xiangjiang shareholders knew that the new billionaire advertised in the newspaper some time ago was the protagonist of this incident.

After Li Jiacheng entered the market, although many people thought that Xu Zhi would choose the opportunity to retreat, after all, compared with Changjiang Industrial, there is no benefit to a new company like Evergrande.

But the reason why the stock soared is another news, Jingzhou Yingxiao announced at the press conference on the introduction of Cheung Kong that it will join hands with Cheung Kong to develop its land and seek common benefits!

Many people may not understand, why does Jingzhou Yingxiao not develop it by itself, but introduce outsiders?

This, in fact, is the "advantage" of our Chinese!

Before the rise of Chinese capital, the British were not stupid, they also knew that real estate could make money, but they didn't know if they were not smart enough or a little conscientious, this group of British capital almost never thought about speculating on housing, but concentrated on the golden area of Central, and the assets were also mainly office buildings!

For example, Hongkong Land, the largest real estate developer in Hong Kong, put forward a very powerful and very powerful plan in the early 70s: the Central District Redevelopment Plan!

The core of this plan is to create a connected closed loop of office buildings in Central, which is actually to spend HK$1 billion to renovate all of its office buildings in Central.

This seems to be no problem, but it is very uneconomical to spend 1 billion Hong Kong dollars to do this in the 70s, although the rent has risen after the renovation, but how can it compare to the Chinese capital desperately speculating in housing at the same time.

Cheung Kong Industrial, Henderson Holdings, New World Group, Hopewell Holdings, and Hang Lung Group were known as the new real estate five tigers in the 70s, and in the early 70s, the assets of these companies had just exceeded 100 million yuan, but by 80 years, the market value exceeded 3 billion Hong Kong dollars.

One of the strategies is to keep developing residential properties, taking out a loan to get a piece of land, then taking out a loan to build, selling off-plan properties to get a piece of land, and they can raise a dollar to 100 yuan, which is also the fundamental reason for profiteering.

How profitable it is to speculate in housing! Can ordinary people not buy it?

At the same time, the British-funded Hongkong Land was still obsessed with building office buildings and then collecting rents to return to the capital! In fact, Hongkong Land's first residential building was the first residential area built after the acquisition of the Dairy Farm Company, using the Dairy Farm Company's land.

Of course, British capital will not play with capital, but it also has eyes, after seeing the hot residential market, Swire Group also squeezed in, but the first project suffered heavy losses, so looking for a Chinese-funded joint venture became the best choice.

The real estate five tigers also took advantage of this shareholder wind, either jointly developing the British-funded company's own land, or buying the land and developing it themselves.

The British also made money, but the bulk of the profits were still made by Chinese capital, otherwise, how could these Chinese-funded tycoons challenge the century-old British-funded enterprises in less than ten years?

Therefore, even the Swire Group can't play with the real estate project, how can a traditional enterprise like Jingzhou Yingxiao understand the rules inside, so they found Cheung Kong and developed it together!

But how can Lao Li be so easily believed?

Xu Zhidai asked suspiciously: "Li Jiacheng just intended to buy Wharf, and made a lot of money from Bao Yugang, how could the board of directors of Jingzhou Yingxiao believe in him so much, and dare to lead him into the game, isn't this leading the wolf into the house?"

Wang Liming shook his head and said: "It's not that simple, Li Jiacheng only got preferred shares, without any voting rights." ”

"I see. Xu Zhi also understood that preferred shares are similar to the nature of funds, although they are also stocks, they have no voting rights, and they don't even have the right to dividends.

Wang Liming nodded and said: "That is to say, although our shares are less, the equity is still 26% of the voting rights, and although Li Jiacheng has shares, he has no voting rights, and at the same time, he has provided a certain amount of funds for the Kane family, with this fund, it is estimated that it will be more difficult for us to forcibly acquire it." ”

Xu Zhi nodded and said, "Maybe, but it is estimated that it will not be a wise choice for the Kane family to introduce Li Jiacheng!"

Wang Liming thought for a while, suddenly thought of something, and said: "Xu Sheng, if you are the chairman of the board of directors of Jingzhou Yingxiao, and you can control the board of directors, and you are facing outside acquisitions, what will you do when you have a lot of money in your hands?"

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