In mid-September, the policy just announced that corporate shareholders can enter the secondary market, and since September 14, Yanzhong Industrial's shares have begun to rise in isolation from the broader market, and no one in the market or the company thought that someone might want to buy, only thinking that someone was manipulating the stock price.

At 11:15 a.m. on September 30, the Beijing Stock Exchange suddenly announced the suspension of Yanzhong Industrial, Shen Baoan announced that it had held 5% of Yanzhong Industrial shares, at this time its share price was 12.91 yuan, after the news was announced, Yanzhong Industrial's share price once soared to 19.99 yuan, and finally closed at 15.68 yuan, up 30.12% on the same day.

Yanzhong Industrial Co., Ltd. held a board meeting, believing that the acquisition was a loophole in the joint-stock system and securities laws and regulations, and that it was easy to seize the fruits of other people's reforms, and this kind of behavior did not conform to the principle of fair competition, and if it was allowed to develop, it would inevitably cause chaos in the stock market.

Based on this understanding, Yanzhong Industrial hurriedly mobilized funds and arranged a counterattack.

First of all, the company hired a representative of the Chinese business of Hong Kong-based Baowei Investment Consulting as its anti-takeover consultant, and questioned the legality of Bao'an's shareholding: on September 29, Bao'an Shanghai Stock Exchange Company already held 4.56% of Yanzhong shares, and according to the 5% reportable regulations, it could only buy another 0.5% of the shares on the 30th. However, during the call auction before the opening of the market on the 30th, the Shanghai branch bought 3.42 million shares in one go, making the proportion of purchased shares reach 15.98%. The relevant trading rules are that after the shareholding reaches 5%, the maximum purchase can be 2% at a time, and the purchase of 11.42% at a time is obviously in violation.

On the 30th, the Shanghai branch of Shenzhen Baoan actually purchased 4.79 million shares of Yanzhong shares, and only held more than 5% of the shares in general terms when it was announced, which is also a violation.

In this regard, Shen Baoan did not admit that he had made a mistake.

Chen Zhengli, general manager of Baoan Group, said that since the end of 1992, the company decided to explore a new way of investment in equity mergers in the Shanghai Stock Exchange, and began to collect the information of listed companies in the Shanghai Stock Exchange.

On September 3, the Beijing Stock Exchange opened institutional funds to enter the market, and Baoan Company took the opportunity to mobilize a large amount of funds to start acquiring Yanzhong shares in mid-September.

Chen Zhengli said that Baoan Company did not want to fully acquire Yanzhong Industrial, but only wanted to be the largest shareholder of Yanzhong, control Yanzhong to participate in Yanzhong's business decisions, improve the company's efficiency and return investors.

In addition, Chen Zhengli also said that the company's acquisition is goodwill, and once it is controlled, it will not make major adjustments to the middle-level personnel in Yanzhong.

Yanzhong did not accept this explanation and still asked the securities regulator to investigate and deal with it, pointing out that the acquisition was completely hostile.

The regulatory authorities first stated that if it is a normal merger and acquisition, it is not worth making a fuss about if it does not violate relevant laws and regulations, and most of the shareholders in Shenzhen and Shanghai also support Shenzhen Baoan's behavior.

……

During the National Day, Yu Ming invited Wei Xuxia, Li Ruozhu, and Zhou Jilan to Qinhuangdao to relax and play, and casually brought his uncle Yu Guangxing, Sevilleia and Dai Liana.

Xue Jun also came to join in the excitement after knowing it, and organized a Qinhuangdao tourism activity in the name of the company, and Mingjun Ruohua Music Co., Ltd. Xue Jun, Qian Jinguang, Cai Yuling, Feng Huali, Xu Zhiruo, Gong Yueji, and the heads of various departments went to 20 people.

At this time, Xue Jun and the others didn't know that Yu Ming had already established a position in Yanzhong Industry, and thought that Yu Ming was traveling normally.

Because Yu Ming, Yu Guangxing, Sevillea and Dai Liana are from Mingjun Ruohua Music Co., Ltd., this also reduces a lot of financial burden for Yu Ming.

Qinhuangdao is a famous coastal tourist city, the second largest city in Liaodong Bay, and an important foreign trade port in Northeast Asia.

Qinhuangdao is close to the Bohai Sea, has a long history, because Qin Shi Huang toured here and sent people to cross the sea from here to seek immortals, and it is the only city in China named after the emperor's name. In 215 B.C., the first emperor in Chinese history, Qin Shi Huang, made the fourth eastern tour, stationed here, and sent Yan people Lu Sheng, Fang Shi Han finally entered the sea to seek immortals, carved "Jieshi Gate Ci", Qinhuangdao has its name. After that, more than 20 emperors such as Emperor Wu of Han and Emperor Wu of Wei visited Qinhuangdao.

It is different from traveling to Huashan and Wutai Mountain the year before last, Yu Ming because he has something in his heart, he is all looking at the flowers and flowers, and does not carefully appreciate the beautiful scenery of the coastal city of Qin Shi Huang, Xue Jun, Sevilleia, Dai Liana, Feng Huali, Xu Zhiruo and Gong Yueji and others are having a lot of fun.

On the first night of rest, Yu Ming respectively found Wei Xuxia, Li Ruozhu, Zhou Jilan said that he had already opened a position in the Yanzhong Industrial stock market operation plan, this time to build a position in Yanzhong Industrial, is to bet on the opportunity for Yanzhong Industrial to be raised, now the goal has been achieved, after the National Day, Yanzhong Industrial will have a short-term speculation, to quickly clear the position in the process of Yanzhong Industrial being speculated, Yu Ming once again emphasized that it is not allowed to sell at a low price in the process of clearance, and requires that the stock price of Yanzhong Industrial reach 22 yuan to start reducing positions, Aim to complete the clearance operation within four trading days.

After dinner the next day, Yu Ming called Qian Jinguang to take a walk with Cai Yuling, and on the way, Yu Ming said to Cai Yuling:

"Sister Cai, are you free at night?"

Jacy says:

"It's a tour now, of course I'm free, what's the matter?"

Yu Ming nodded and asked Qian Jinguang:

"Mr. Qian, have you communicated with Sister Cai about private equity funds?"

Qian Jinguang says:

"I told Mr. Cai a long time ago, and she is also very supportive."

Yu Ming pondered for a moment and said:

"I have some specific ideas, and I would like to ask the two of you in the capital market for guidance."

Jacy says:

"Yu Dong, don't put gold on my face, I'm just a few more years in the industry, how dare I call everyone."

Qian Jinguang also said to Yu Ming:

"Brother Yu, I have a toothache, don't be sour, just say what you plan to do."

Yu Ming says:

"I'm going to start a company-based private equity hedge fund, but I don't know if it's feasible?"

Jacy Tsai says:

"There are pros and cons to public and private placements, private placements cannot be redeemed, which is convenient for fund management companies to operate, and government supervision is correspondingly looser, so the investment of private equity funds is more hidden, the operation is more flexible, and the corresponding opportunities for high returns are also greater, I think it will work."

Qian Jinguang said:

"Operationally speaking, hedge funds are highly hidden, flexible and leveraged than securities investment funds, but they are also risky.

Yu Ming says:

"I'm going to invest about 80 million yuan, so how much money should we raise?"

Qian Jinguang said:

"Because private equity funds can't do publicity, they can only rely on their own connections, I don't think it's too much, but to ensure that the minimum amount is reached, I think the fund size is about 500 million."

Jacy Tsai says:

"I think it's better to set the initial scale at 300 million, and if the income is great after operation, it will be much easier to expand the scale in the future."

Yu Ming says:

"I am a rookie in terms of funds, in order not to let investors doubt the ability of our fund, I would like to ask Sister Cai to be the general manager of the fund management company, responsible for the specific planning of the establishment of the hedge fund company and the later operation and management, I am only responsible for making ideas in terms of investment."

Qian Jinguang said:

"I think it's feasible, Brother Yu is still a student, and it is not suitable to manage a fund company."

Jacy Tsai says:

"If we Hengsheng Tourism Company participates, there will be no problem, but if we don't participate, it will be difficult."

Qian Jinguang said:

"This matter is not in a hurry, Mr. Cai, you go back first to persuade your company to invest, and we are waiting for your good news."

Jacy Tsai says:

"I'll do my best, I'll give you a reply if it doesn't work out."

Yu Ming was afraid that the CEO of Hengsheng Tourism would be willing to invest because of the current bear market, and added:

"Sister Cai, you must tell your boss that hedge funds can make profits by shorting."

Lucy Tsai replied:

"Got it!"

……