"Inform the chairman immediately, forget it, I'll go on a trip myself." Qiu Dawei instructed the secretary, and then waved his hand.

Spending 300 million Hong Kong dollars at once, this matter is too big, it can't be said clearly on the phone, he has to report it to his father in person.

Sitting in the car, Qiu Dawei rushed to the headquarters of the Far Eastern Group.

A moment later, when he arrived at the headquarters building, Qiu Dawei didn't have time to take the elevator, so he climbed the stairs directly to the fourth floor, and rushed into his father's office without waiting for the secretary to tell him.

"Dad, no, someone's sniping at our Far East Hotel stock." He gasped and said loudly.

Qiu Degen was having a meeting with the company's senior management to discuss the development plan of the Far Eastern Group this year, when he saw his son rushing in.

Seeing that he was sweating profusely and panting like a cow, he didn't have the calm and sophistication he had before, Qiu Degen's face couldn't help but sink, "What's the panic, didn't I teach you, to be a man is to collapse in front of Mount Tai and not change his face." The sky hasn't fallen yet, what are you panicking about? Something to say slowly. ”

Qiu Dawei was severely criticized by his father, and an embarrassed expression flashed on his face, "Dad, someone is sniping at our Far East Hotel stock." ”

"Oh?!" Qiu Degen was stunned for a moment, and all the high-level executives present also showed surprise, "Is the news true?" ”

"Indeed, the broker said that their hand is very large, and the sale is millions of shares, and it is suspected that there is a consortium behind it." Qiu Dawei reported.

When Qiu Degen heard that there was a consortium behind him, he couldn't help but darken his eyes.

He is a banker himself, and of course he knows how powerful the bank is, and if there is really a consortium behind it, then this sniping will be very dangerous.

"How much stock do we have in Far East Hotels right now?" Qiu Degen hurriedly asked.

"There are three out of five, we only need to buy another one into five, and we can keep the Far East Hotel." Qiu Dawei hurriedly said.

"Five out of one?!" Qiu Degen was stunned. "What is the stock price now?"

"I heard from my broker that it has risen to seven dollars. Dad, if we want to reverse the takeover, we have to start immediately, otherwise the stock price will get higher and higher. Qiu Dawei hurriedly said.

Qiu Degen nodded.

He is very optimistic about the prospects of Far East Hotels, because in recent years, Hong Kong real estate has soared, and the land prices of several plots of land under Far East Hotels have soared. He was about to tear down the hotel above. Rebuilt into a high-end office building. In this way, he can earn more than one billion Hong Kong dollars in profits. He just discussed this plan with the senior management when he discussed the development plan for the new year.

If Far East Hotels is acquired, the billion-Hong Kong dollar money-making plan will be in vain, and their Far East Group will suffer heavy losses. Therefore, it is necessary to reverse the takeover and keep the Far East Hotel.

"Ah Sheng, how much cash does our company have now?" Qiu Degen asked his eldest son, Qiu Dasheng, who now serves as the general manager of the Far Eastern Group.

"The group now only has 50 million Hong Kong dollars in cash." Qiu Dasheng reported.

Although the Far Eastern Group has assets of 2 billion Hong Kong dollars, it only has so much liquidity. If there is a large investment project. Either borrowing money from banks or issuing new shares to raise funds.

"Fifty million Hong Kong dollars?! That's not enough. Qiu Dawei panicked.

Far Eastern Group needs to acquire a five-percent stake in order to be able to stably control the Far Eastern Hotel, and the acquisition of one-fifth of the shares will require more than 300 million Hong Kong dollars.

50 million, in comparison, is just a drop in the bucket, not enough at all.

"Dad. Do you want to mobilize the bank's funds? Qiu Dasheng asked, "The bank still has 100 million Hong Kong dollars in cash." If we borrow from a few more banks, we believe that we should be able to raise up to HK$300 million. ”

When Qiu Degen heard him say this, he pondered for a while, "Okay, first mobilize 100 million, and then you can contact the Bank of East Asia, HSBC, and Hang Seng Bank." Let them help with financial support. ”

"Okay." Qiu Dasheng nodded and hurriedly went.

Half an hour later, the funds arrived as quickly as possible, and the Far Eastern Group began to fight back.

……

"Sir, the Far Eastern Group has fought back." Stanley reported to Han Jin with a smile.

"Good. How many stocks do we have on hand now? Han Jin asked.

"There are already 50 million shares, which accounts for nearly two percent." Stanley reported, "The number of Far East Hotel shares circulating in the market is increasing, and if we were at full capacity, we could probably buy 30% of the shares today." ”

Far East Hotels' stock price did not fluctuate much before, so it was not traded very frequently, and the shares circulating in the market were only about 20 or 5. Now the shareholders are also aware that someone is sniping at the Far Eastern Hotel and speculating on the stock price, so the trading of this stock has suddenly become hot, and the number of shares circulating in the stock market has suddenly increased.

"Okay, well done, keep snapping up." Han Jin smiled, "But remember, the acquisition of Far Eastern Hotels is not our ultimate goal, our goal is to consume Far Eastern Group's cash and force him to use the reserves of Far Eastern Bank." ”

Stanley nodded, "I see, sir." With that, he turned back and continued to direct the acquisition.

……

Under the hard work of Far Eastern Group and Han Jin, the share price of Far Eastern Hotels soared from seven yuan to seven yuan and five, and there is still room for further growth.

"Mr. Qiu, the price of seven yuan and five is no longer available." The stockbroker called.

"Then lift it up again, do you want to die?" Qiu Degen scolded.

The current market value of Far East Hotel's stock is far lower than the actual total asset value, and now that it is being acquired, his losses are too great, so he can't give up.

"Seven dollars seven, Dad, we don't have much money." Qiu Dawei said urgently.

150 million Hong Kong dollars may sound like a lot, but it is still not enough.

This opponent doesn't know who it is, the funds seem to be endless, and the speed of acquisition has not slowed down since the beginning of the afternoon, and it is estimated that they have spent 400 to 500 million Hong Kong dollars. I don't know which consortium is behind them, it's too domineering.

"Have you found out who is behind us?" Qiu Degen also asked with a frown.

"There is no news for the time being, only that the opponent is menacing, and it seems that we have been decided." Qiu Dawei shook his head and said.

That's when the phone rang again.

After Qiu Dawei took it, his face changed again, "Dad, our stock price has been speculated to eight yuan, and we can't buy it?" ”

"In, of course." Qiu Degen said again and again that in his heart, the market value of Far Eastern Hotels this year will reach 3 billion Hong Kong dollars, which means that the stock price will rise to 12 yuan. As long as he can complete the absolute control of the Far East Hotel before the twelve, then he can be regarded as profitable.

"But we have 30 million Hong Kong dollars left." Qiu Dawei said helplessly. (To be continued......)