Chapter 306: The Stock Market War
Unable to reach a consensus, a few days later, Ye Tian and Li Jiacheng had an irreconcilable contradiction over the controlling stake in Hong Kong Electric Lighting, and a battle for equity that stunned the Hong Kong capital community finally began.
At the end of August, Oriental Holdings and Cheung Kong Industrial announced the acquisition of Hong Kong Electric almost at the same time, and it has to be said that Li Jiacheng did a very good job of preparation, and obtained a controlling stake in Hong Kong Electric at the beginning, without giving Oriental Holdings any face.
At the beginning of September, when the whole of Hong Kong thought that Oriental Holdings had failed, Ye Tian took the lead in making trouble, and then announced the acquisition of Hutchison Whampoa equity, this battle, the most exciting is not Ye Tian, but Hong Kong and even the world's institutions, retail investors, all of them seem to have played chicken blood, following Ye Tian to grab food, some capital predators also quietly entered, intending to make a fortune in the Ye Li war.
The stock market sniper appeared, and the stock price of Hutchison Whampoa naturally rose, and Ye Tian did not mean to stay, and threw out 2.3 billion funds in 15 trading days.
On September 27th, Li Jiacheng, who had just stabilized the situation, launched a counterattack, because Oriental Holdings is a private equity company, Li Jiacheng can't start, and the largest source of funds for Oriental Holdings is Far Eastern Bank, after the investigation, Li Jiacheng's team was dumbfounded again, Far Eastern Bank has been highly controlled by Ye and Qiu, ostensibly a listed company, but in fact, Qiu Degen and Ye Tian are united, and the equity has exceeded 70%, such a high degree of shareholding, no matter how much you attack, it is useless, it is to give Ye Tian and Qiu Degen money in vain, depressed, On the one hand, Li Jiacheng reported the improper capital chain problems of Oriental Holdings and Far Eastern Bank, and on the other hand, he turned to attack Far Eastern Group and Chinese Real Estate. Gradually approaching the red line set by Ye Tian.
Ye Tian sold the equity of Chinese Real Estate, Li Jiacheng also sold it, the stock price plummeted, Ye Tian raised the equity of Chinese Real Estate, Li Jiacheng also rose, and he worked hard several times. Ye Tian did not make money, but lost a lot of equity, tasted the bitter fruit of the anti-sniper war, and finally Ye Tian decided to start a guerrilla war with Li Jiacheng, delaying time, as long as he succeeds in Hutchison Whampoa, what does it matter if Li Jiacheng gets a Chinese real estate.
On October 15, just as Ye Tian made the worst plan, Chinese Real Estate was the first to fall. Li Jiacheng's equity holdings have exceeded Ye Tian, and he proposed to convene a board of directors to re-elect the chairman, Ye Tian has two choices, on the one hand, the former major shareholder of Chinese Real Estate transferred the equity at a high price, and fought out, on the other hand, he insisted on holding it, but he wanted to give up the position of chairman.
November 26th. Zhao Yuzhi returned to Hong Kong, and Ye Tian decided to give up Chinese real estate. After a short period of pulling up the stock price, the full sell-off, perhaps to prevent Ye Tian from repeating his old tricks, Li Jiacheng and his allies desperately maintained the stock price, which made Ye Tian overjoyed, and half of the shares in his hands were at a high level. Cashed out billions of funds and attacked Hutchison Whampoa in an all-out way, Li Jiacheng was forced to respond to the battle, diverting his attention, and the alliance saw that the situation was not good. In order to prevent Ye Tian from continuing to cash out and comprehensively suppress the stock price of Chinese Real Estate, the stock price fell by two-thirds in one day, and fell by half on the second day, Ye Tian was dumbfounded by this action, not afraid of god-like opponents, afraid of pig-like teammates, sighed, and shook a shot in Hutchison Whampoa, killing back Chinese Real Estate, at the low level of stock price, with the funds originally sold, absorbed 30% of the shares, plus the original 9%, Ye Tian's equity in Chinese Real Estate surged to 39%, 20% more than the original, As soon as he went out and in, he earned more than 5 billion yuan, and turned defense into offense, or rather, he beat the water dogs, and Li Jiacheng's alliance was completely defeated and suffered heavy losses.
On December 20th, after a month of repeated tricks and dog abuse, Ye Tian achieved a comprehensive victory in Chinese Real Estate, the board of directors has not yet been held, his equity holdings reached 45%, completely defeating Li Jiacheng and his allies, and Hutchison Whampoa also made a small gain, unconsciously Hutchison Whampoa's share price passively doubled, some British shareholders have cashed out, Li Jiacheng is very depressed, he originally planned to slowly absorb the shareholders of the British background, but now these shares are flowing into the market, most of them are taken over by small scattered institutions, If Ye Tian decides to break the net, then Hutchison Whampoa will be in danger, or he Li Jiacheng will be in danger, his current equity is 29.4, although he is known as the largest shareholder, but he does not have an absolute advantage like Ye Tian in Chinese Real Estate.
Four months of dragon and tiger fighting, Hong Kong citizens opened their eyes at the same time, but also very shocked, Ye Li war, many people are not optimistic about Ye Tian, because Li Jiacheng has the support of big conglomerates, and Ye Tian is weak, but who would have thought that in just four months, Ye Tian will have the upper hand, forcing Li Jiacheng to be in a hurry, just in the Chinese real estate loss of tens of billions of dollars, half of this money fell into Ye Tian's pocket, and half fell into the hands of speculators and retail investors.
At the end of December, Oriental Holdings won a decisive victory in Hong Kong Electric, some shareholders transferred their share prices to Ye Tian, Cheung Kong Electric failed and lost its shareholding, and Li Ka-shing is said to have locked himself in his office for a whole day.
On February 18, 1985, there was still a New Year atmosphere on the street, Ye Tian and Li Jiacheng met again, this time Li Jiacheng invited the Financial Secretary of Hong Kong to come forward, under the coordination of the government, the two sides decided to strike and completely stop the hostile takeover, Ye Tian supported Li Jiacheng on Hutchison Whampoa, in return, Li Jiacheng transferred the shares of the Far Eastern Group to Ye Tian at a 10% discount, just like that, inadvertently, Ye Tian also became the major shareholder of the Far Eastern Group, so Qiu Degen did not expect it, but he quickly forgot about it, and a year passedAlzheimer's disease is more severe, and managing ATV has become inadequate.
After the end of the Ye-Li war, the cover of the latest issue of the American "Time Magazine" appeared Ye Tian raised his hands and cheered, at this time, Ye Tian had appeared in the United Kingdom, and the British medal wanted to award him a medal, but what Ye Tian did not expect was that this head-on defeat of Li Jiacheng had a great impact, not only the mainland found him to 'chat', but also by the British mainland, the Queen of England actually awarded him the title of knight, and became a British nobleman at the age of twenty-three, not to mention Chinese, it is rare in the United Kingdom.
In June, Ye Tian returned to Hong Kong, like the return of the king, he received dozens of banquet invitations alone, and the new governor of Hong Kong also came to join in the fun, with a very low posture, and consulted about the future development direction of Hong Kong, but Ye Tian knew that he was a staunch anti-Chinese element, and he falsely coped with a few words, and after obtaining the right to use a few pieces of land, there was no follow-up. (To be continued.) )