At the same time as Yingdong launched a huge loan, two strategic partners, CMGI and Nippon Optical Communications, injected US$500 million into Yingdong, of which CMGI's capital injection was reserved for Dadong to cash out part of Yingdong's new shares.

These two companies have become another force in Yingdong's rivalry with Singtel.

CMGI and Optical Communications are both leading companies in global Internet investment, and are known as the "Bole" of Internet stocks.

After the completion of the shareholding increase, CMGI and Optical Communications increased their shareholding in Yingdong to 3.5% and 5% of the company.

With the capital injection of these two strategic partners, Yingdong is like a tiger with wings.

The large amount of financing strengthened the strength of the acquisition of Yingdong, and in the case of abundant "bullets", Yingdong proposed two acquisition plans, namely a pure equity plan and a hybrid plan.

Under Option 1, Ingo will exchange 1:1 Ingo shares for 1 HKT share.

According to this plan, Heung Kong Telecom's share is HK$26.37, with a market capitalization of US$38 billion, or about HK$286 billion;

Under Option 2, each share of Heung Kong Telecom will be exchanged for 0.76 shares plus HK$7.23 in cash.

According to this scenario, Heung Kong Telecom's share is HK$25.98, with a market capitalization of US$35.9 billion, or about HK$270 billion.

The advantage of the latter is that it can have a large amount of cash to cash out, which is more in line with the requirements of Dadong, which is eager to sell Heung Kong Telecom to extract cash.

When Singtel negotiated with Dadong, the share was around HK$16, so the price offered by Singtel was about HK$16, and according to Singtel's bid, the total value of Heung Kong Telecom was less than US$30 billion.

The confrontation between Yingdong and Singapore Telecom has caused a thrilling M&A battle for Heung Kong Telecom.

The ongoing battle is fierce and exciting, and all the heroes are involved in the preparation relationship, and it is not known who will kill the deer until the last moment.

On February 25, Yingdong was suspended.

The reason is that the SFC has put pressure on Yingdong to explain the latest progress of the acquisition of Heung Kong Telecom, so as to enhance market transparency and let investors understand the situation, so as to avoid the unfairness caused by speculation that the stock price has continued to rise due to speculation over the past few days.

On February 27, Dadong held a board meeting to discuss the acquisition plan and conditions proposed by Yingdong and Singtel.

However, until February 28, Dadong had not announced the final decision, and Yingdong resumed trading, indicating that the agreement between the two parties had not yet been reached.

"Finally won, the second son finally won" Early in the morning, Li Ping arrived at the Peninsula Hotel with a stack of newspapers.

February 29, 2000 was a leap day, and leap days only occur once in four years.

On this day, the parent company of Heung Kong Telecom, Dadong Telegraph Co., Ltd., officially stated that it was willing to transfer the control of Heung Kong Telecom to Yingke Digital Power, which was controlled by Li Zekai, and the entire acquisition process involved an amount of 35.9 billion US dollars.

The confusing takeover war finally came to an end on February 29.

On the same day, Yingdong issued a notice pointing out that the board of directors of Yingdong had chosen Yingdong's "hybrid plan" to sell its 50% and 4% stake in Hong Kong Telecom.

In this way, Dadong made a net profit of 40 billion Hong Kong dollars.

The board of directors also proposed that if shareholders opted for the hybrid option, they could enjoy a special discount if the cash they received was used to purchase more shares of Yingdong, which was priced at only HK$18.62 per share, well below the market price of HK$22.

As soon as the news of Yingdong's acquisition of Heung Kong Telecom came out, it caused a huge sensation, and the news of Yingdong's acquisition of Heung Kong Telecom was published on the front pages of various newspapers.

I roughly read the newspaper brought by Li Ping, and said: "Winning is certain, there is a lot of help, and the people's hearts are on the side of the second son."

"Heung Kong Telecom has an annual income of more than 10 billion Hong Kong dollars, and the second son's Yingdong was only established in 99, and it did not really make money at that time, and it lost nearly 40 million Hong Kong dollars in the 99 interim statement. ”