ps: Let's write less similar plots in the future, I don't know much about these things, and it's really tiring to write......

After laughing for a while, Ahn Jun-hyuk asked, "Is there an announcement over there?"

"Not yet!"

"Oh, that said, the shareholder meeting is still hesitating......"

Generally speaking, according to the relevant regulations, after the general offer is issued, if the acquirer has successfully held the shares, the content of the offer must be announced to the outside world, which is to protect the interests of small and medium-sized investors and avoid retail investors not knowing what is going on, and the control of the company will be transferred.

At this time, no announcement has been made, and it is obvious that Li Xiuman and Kim Yingmin are not eating white food, and they still have the ability to drag the situation.

Thinking about it, Ahn Junhyuk tapped his finger on the armrest, "Which company is the acquirer?"

"Changhe Real Estate!"

"Huh?" glanced at him, Ahn Junhyuk's expression was a little strange, "Investigate its information." ”

Looking at Ahn Joon-hyuk's calm demeanor while gently tapping on the armrest, Park Young-joon bowed his head slightly and immediately started the phone. If Won Sung was nearby at this time, most of them would have widened their eyes, and they couldn't believe that Park Yingjun, who was getting more and more carried away, actually had such an obedient time.

In fact, they don't understand what Park Young-joon sometimes complains about, in his eyes, only business development is the most correct path. Ahn Joon-hyuk, whom Park Young-joon admires, is not the singer who looks like a beautiful man standing on the stage, nor is he an actor who portrays the role profoundly in the TV series, but is impressed by his charm that he can be quiet in the face of any situation and crush all strong enemies while talking and laughing - at least he was at the beginning, which can be seen from his behavior that he has not dared to fill his own pockets with half of his own pockets.

The investigation did not take much time, and after a while, the other party's simple information was passed on orally.

"This is a listed company, and the shareholding structure is too complicated to be clear for the time being, but the China Securities Regulatory Commission has caught a small tail on the other side. Park Young-joon paused. Seeing that Ahn Junhyuk was listening, he continued: "In 02, this company controlled another listed company, but did not invest in the development, but announced soon after that the subsidiary was not operating well and applied for delisting, and the total assets of the subsidiary were only 500,000 won at the time of delisting, and the debts were ......"

I haven't finished listening to it yet. Ahn Junhyuk just smiled: "Tax avoidance!"

This method, he used in the dream, through the acquisition of a listed company, its capitalization, increase interest expenses, reduce taxable income, the parent company can be like a giant vampire leech, lying on the subsidiary to extract benefits, without bearing any business risks brought by high debt.

"Hmm!" Park Young-joon nodded, "Joon-hyuk." Is this company trying to do it again?"

"It's not that simple, if you want to avoid taxes. It does not set its sights on SM, and the peculiarities of the brokerage company are not suitable for raising ...... as a pig The equity structure is complex, and it is the real estate industry, so on the surface, it cannot form a competitive relationship with SM, heh!"

With one hand on his cheek and slightly squinted eyes, Park Yingjun couldn't see the interest in his eyes:

"I think. It plays a role more like the Black Knight......"

……

……

"The other party is the Black Knight!"

In the bright office, the air conditioner makes a faint sound and runs slowly, and the heat outside the window is raging on the earth. From here, it can be seen that the air seems to be distorted, and perhaps because of this, although the cold air continues to flow out of the air conditioner, the two people standing in front of the window still have a sense of impatience for the heat.

An hour ago, at the second general meeting of shareholders, the persuasion action ended in failure again, the recent turmoil of the company, obviously consumed the patience of many shareholders, the timing of the acquisition of Changhe Real Estate is very accurate, if it is delayed for a while, Ahn Junhyuk's conditions dare not say, Li Xiuman is sure to persuade the board of directors to pay the price to keep Bao'er, once successful, the news will be spread, just the support of Bao'er fans, it is enough to stabilize the company's decline in the secondary market.

But now, these thoughts are just a thought.

The current offer price of Changhe Real Estate is twice the current price of SM shares, which is extremely tempting, although it cannot make up for the capital evaporated by shareholders due to the turmoil in the secondary market some time ago, but it is enough for many people to be excited.

Thinking of the noisy situation at the previous shareholders' meeting, Li Xiuman took off his glasses, rubbed his eyebrows, and said weakly: "I know that since the situation in the real estate industry improved last year, these construction groups have been infiltrated by various chaebols. ”

"Which one is it, can you find out?"

"No, I can't. Li Xiuman shook his head, "You also know the virtues of those people, and you are used to the means of cross-shareholding, even if the tax authorities come to investigate, most of them can't figure out who the real controller is." ”

As he spoke, he sighed: "Now, let's think more about how to restore the function of the board of directors and come up with a way to reverse the takeover as soon as possible!"

As early as when the offer was sent, the board of directors was in a mess, and most of those directors were elected to the board of directors by shareholders on behalf of the interests of a certain group.

In addition, there is also a Yang Yingjie fanning the flames, these chaotic things, even if you just think about it, Li Xiuman has a feeling of being anxious.

Hearing his words, Jin Yingmin sneered: "How can I recover? With that Yang Yingjie making trouble, there is no way to unify opinions, and I don't know who Lu Dao is at the beginning, and he wants to support a puppet to fight against me, and now he has tasted the bitter fruit, right?"

"......" Li Xiuman was speechless, and after a while, Fang Cai smiled bitterly: "Don't mention the past, if you don't stop it, once a shareholder sells the equity in his hand, a trend will be formed." ”

Jin Yingmin moved his lips again, as if he wanted to say something, but after all, he didn't speak again, he muttered for a long time, and said: "Release the bait, and then we will join forces to start the poison pill plan!"

"What?"

Turning his head to look at him, Li Xiuman's eyes were full of surprise.

The poison pill scheme is the most classic way to counter the acquiring company after the hostile takeover offer is issued, borrowing the terms of the shareholders' performance of the share options, and the acquired company issues a large number of new shares, increasing the premium that shareholders can get in the share options, passively raising the minimum price acceptable to shareholders, destroying the offer of the acquirer, or diluting the interests of the acquirer.

But this is a way to kill a thousand enemies and lose eight hundred, although the poison pill can force the acquirer to have to withdraw from the acquisition due to the too high cost, but it will also damage the company's image, and it will become difficult to raise funds in the future.

Because this will make outside investors think that the company's management is too protective and hinders the flow of capital - after all, most investors invest money to buy stocks, just to be optimistic about the stock, in order to increase the value of the cash.

After thinking about the pros and cons, Li Xiuman said categorically: "No." ”

"Then what can you do? We have been working hard for a few days, the shareholders' meeting is still hesitating, I am afraid that someone has already reached a verbal agreement with Changhe Real Estate in private, and if it is delayed, do you want to watch the company you founded become someone else's wedding dress?"

After that, looking at his solemn face, Jin Yingmin paused, then remembered something, and suddenly said, "You want to invite the white knight?"

In a hostile takeover, the white knight and the black knight are opposite concepts, usually by the management of the acquired company, inviting a friendly company to compete with the hostile taker, because with the cooperation of the management, the white knight can quickly get the offerer of the acquirer, and then induce shareholders to sway at a higher price than the acquirer, and finally sabotage the acquisition.

"Who do you want to invite?"

Li Xiuman didn't answer, but Jin Yingmin had already guessed it, and couldn't help sneering: "Is it Ai Hui?" Yes, the idea is very good, and it also has enough liquidity to help us, but don't forget, Ai Hui is not a good thing, I want to ask it to intervene, that lion's mouth, even if the profits of the entire company in the next few years are filled, it is just a plug between its teeth!"

In the past confrontation with Li Xiuman, Li Xiuman invited Ai Hui to support him several times, which made him extremely dissatisfied with the Japanese company, and although he felt that inviting Ai Hui to be a white knight was a better way than a poison pill, he was still disgusted at the first time.

However, to his surprise, after listening to his words, Li Xiuman shook his head: "I know the true face of Ai Hui better than you, I will not do anything unfavorable to the company, the person I want to invite has the amount of liquidity not inferior to Ai Hui, and more importantly, even if this person enters the board of directors through this incident, he will not be able to threaten us." ”

The sunshine gradually moved in from the west, and looking at Li Xiuman, who was expressionless and said this, he didn't know what to do, Jin Yingmin felt a faint depression fill his heart.

He frowned, suppressed the uncomfortable feeling in his heart, and asked, "Who is it?"

As soon as the words fell, the internal phone on the desk not far from the two rang, Li Xiuman went over to pick it up, and the front desk over there received a respectful voice: "Director, report according to your instructions, Mr. Ahn Junhyuk has returned to the company." ”

“…… I got it. ”

Hanging up the phone, Li Xiuman sighed secretly, finally waiting for someone!

……

The recent changes in the company's climate have not only affected the general meeting of shareholders and management, but also the trainee community.

Walking in the corridor, most of the trainees I met from time to time had sorrow on their faces when they retreated and bowed. It's not about how deep their affection for the company is, but what the new management will do with them if it's acquired.

Feeling the subtle atmosphere, Ahn Joon-hyuk took Park Young-joon straight up to the fourth floor without saying a word, came to Lee so-man's office, and knocked on the door.

"Please come in!"

The people inside were quick to agree.

Ahn Jun-hyuk smiled slightly, Li Xiuman has been waiting for him for a long time, he has asked for others, but he doesn't want to lose the initiative, it has always been the style of the other party's good face.

Seeing the smile on the corner of his mouth, Park Young-jun also laughed and said in a low voice: "It seems that they have the same purpose as us." ”

"Hehe, who doesn't love a white knight?"

He shrugged before pushing the door open.

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