948 control in hand
After thinking about it, Chen Hui said: "You immediately call SoftBank Group's 'Sun Zhengyi' and tell him that if the market price is higher than 10%, it will be 4.4 billion US dollars!"
Huang Hongnian immediately said, "Okay, chairman, I'll call Sun Zhengyi of SoftBank Group now!"
···
At this moment, Dongying Tokyo, the headquarters of SoftBank Group, the largest shareholder of Alibaba, Sun Zhengyi is slowly watching the latest news of Singapore Telecom Group!
At noon, Singapore Telecommunications released the company's financial report for the fourth quarter of last year.
According to the financial report, Singtel's net profit in the quarter decreased by 2.3% year-on-year due to the reduced contribution of the business in India and Indonesia (curry country) and the slowdown in the growth of local business.
In the fourth quarter, Singtel's net profit was S$992 million, down 2.3% from S$1.02 billion in the same period last year. In addition, Singtel's earnings before interest, taxes, depreciation and amortisation (EBITDA) in the fourth quarter were S$551 million, down 5% from the year-on-year period, due to higher content costs. Singtel's fourth-quarter revenue grew 1% year-on-year, underperforming the 13% increase in the year-ago quarter. Singtel's fourth-quarter results beat market expectations. Market analysts had expected Singtel's net profit of S$988 million in the fourth quarter, according to a Bloomberg survey.
Singtel announced that in addition to receiving a dividend of S$0.09 per share, the company's shareholders will receive a special dividend of S$0.1 per share. Singtel will pay a total of S$4.1 billion in dividends to investors this year. Singtel also said that the company's first-quarter profit decline in India's Bharti Airtel, a decline in overseas revenue data due to the rise in the Singapore dollar exchange rate, and limited market share growth in Australia's Optus division were the main reasons for the company's fourth-quarter profit decline.
Sun Zhengyi is not very satisfied with this financial statement!
Especially since the market is starting to decline!
At this time, Sun Zhengyi's private landline rang, it was Huang Hongnian who called, and after connecting, he smiled: "Mr. Huang"
On the phone, Huang Hongnian said straight to the point: "Mr. Sun, $4.4 billion!"
Sun Zhengyi still smiled and said calmly, "Mr. Huang, I can't make the decision on this, the board of directors is asking for a price of 4.6 billion US dollars!"
In fact, he can completely call the shots, he is the chairman and chief executive officer of SoftBank Group! But he knows the reason why Huang Hongnian and others are eager to buy shares of Singtel Group.
Their SoftBank Group was originally supporting Singapore's sovereign fund!
The price of $4.4 billion is absolutely not good! At least $4.6 billion!
15% higher than the market price!
This way he made another 15% more!
He invested in Singtel Group because he was optimistic about its prospects, waited for its stock price to rise, and then sold it!
Now that the financial statements of Singtel Group are getting worse and worse, he does have the idea of selling, but he still wants to make more money!
He already knew through the channel that Huang Hongnian had secretly negotiated with the Mitsui consortium and the Sumitomo consortium to acquire the shares of Singapore Telecom Group.
As soon as he guessed, he knew that the forces behind Huang Hongnian were ready to compete against Singapore's sovereign wealth fund at the shareholders' meeting of Singtel Group!
Huang Hongnian said: "Mr. Sun, 15% higher than the market price, your appetite is too great, I won't accept this price!"
Sun Zhengyi said: "Mr. Huang, I believe that the price of 4.6 billion US dollars is still acceptable to other buyers!"
Still insist on $4.6 billion!
The two bargained for a long time, and Sun Zhengyi was biting the price of $4.6 billion!
Huang Hongnian hung up the phone helplessly, looked at Chen Hui and stopped talking.
Chen Hui was on the side, his face was a little gloomy, and said, "Give him 4.6 billion US dollars!"
In the future, if there is a chance, he will find something for Sun Zhengyi of SoftBank Group!
Now let's get the Singapore Telecom Group done.
···
So in the evening, Chen Hui paid $4.6 billion to SoftBank Group, and $4 billion to the Mitsui Consortium and Sumitomo Foundation!
Acquired a total of 20% of the shares of Singtel Group!
Now, with the addition of 12% of the shares of the HSBC consortium, 8% of the shares of the California consortium, and 10% of the shares of billionaires such as Lin Yuanxiang, Chen Hui now controls more than 50% of the shares of the Singapore Telecom Group!
It's time to kick off Singapore's sovereign wealth fund at the Singtel Group shareholders' meeting!
Singapore's sovereign wealth fund does not know that it has been abandoned by the Mitsui consortium, the Sumitomo consortium, and the SoftBank Group of Dongying!
Thinking about Chen Hui is exciting!
In the past, Singapore's sovereign wealth fund has repeatedly spoiled its own good things, DBS Bank, and UOB have made Chen Hui spend a lot of painstaking efforts!
This time, I took the initiative to do it myself!
Otherwise, Singapore's sovereign wealth fund will not have a long memory!
··
At this time, Huang Hongnian suddenly said: "Chairman, are we going to hold a shareholders' meeting of Singtel Group in the next few days?" Now their side has controlled more than 50% of the Singtel Group's right to speak. As long as the shareholders' meeting is held, then the management rights of the Singapore Telecom Group can be taken over from the hands of Singapore's sovereign wealth fund.
He was also excited to think about it, they had been told by the chairman a long time ago that they were going to take over Singtel Group. I have been planning for a long time to do this, negotiating with the SoftBank Group, the Mitsui Foundation, and the Sumitomo Foundation many times.
Finally acquired the shares of these Dongying consortiums, and now their side has acquired 20% of the shares of Singtel Group, which are held through many offshore companies!
Together with the HSBC consortium, the California consortium, and the billionaires from all over Southeast Asia led by Lin Yuanxiang, they pulled down Singapore's sovereign wealth fund in one fell swoop at the shareholders' meeting!
Thinking of this, he said: "Chairman, now we can already put Singtel Group into the Standard Chartered Group system!"
Now the Standard Chartered consortium is also slowly being built, and Singtel Group happens to be the first giant enterprise in the telecommunications industry of the future Standard Chartered consortium!
Chen Hui pondered for a while, and suddenly said: "Don't be in a hurry, it's not too late to hold a shareholders' meeting after we have acquired a few companies, and now after pulling down the Singapore sovereign fund, the follow-up corporate acquisition will encounter great resistance!" Although it is completely possible to unexpectedly sweep the Singapore sovereign fund out of the Singapore Telecom Group, Chen Hui still wants to wait for some time!
After secretly acquiring some companies, do it all at once!
Now let's let Singapore's sovereign wealth fund get out of the way for a while.
Huang Hongnian patted his ass and said: "Is it because I'm anxious, or is the chairman thoughtful!"
Chen Hui smiled and said, "Lao Huang, you continue to acquire, don't worry about the financial problem!"
Huang Hongnian said: "Yes, chairman!"