Chapter 43: Changing Hands (2)
It's just that after the news was released, except for a few funds that wanted to be in a hurry to sell their stocks to Zhang Jiaqiang, other funds holding Huade Real Estate began to wait and see.
These fund managers are not stupid, after studying the fluctuations in the stock price of Huade Real Estate in the past few months, they soon found that someone had done something in it, and now someone is buying in the market, which made them immediately quiet down. Most of them are holding positions and waiting, and those who are more courageous are increasing their positions against the trend, wanting to get a piece of the pie when the news is disclosed in the future.
In this way, there are not many opportunities for Zhang Jiaqiang to absorb chips, but fortunately, after receiving a few chips thrown by the fund, Zhang Jiaqiang's share has reached 9.7%, and these shares are enough for them to raise their cards.
After another week's wait, when the chips in their hands reached 10%, Cheung handed over the work to Standard Chartered's M&A department, and at the same time submitted a takeover offer to Huade Properties and the Hong Kong Stock Exchange.
In a 30-storey building in Central, Walter Properties' board of directors is meeting to discuss the group's business activities for the next quarter and earnings for the previous quarter.
On the top floor, in a large conference room that can accommodate thirty or forty people, more than 20 middle-aged people in suits and leather shoes are sitting on both sides of the oval conference table, most of them are flipping through the financial reports of the previous quarter, these data are related to the amount of their net worth, so although the financial reports are very boring, these people are still able to see God.
Sitting on the rostrum in the middle was a man of fifty years old, his brows furrowed and his face solemn. After pondering for a long time, the chairman of the board of directors finally spoke: "Everyone, I believe that you have read the financial report of the last quarter, and you should understand the relevant situation clearly, so please say what you have any opinions!" ”
He is none other than Zhao Jiajie's father, Zhao Shixiong, the founder and current chairman of the board of directors of Huade Real Estate, who holds more than 30% of Huade Real Estate's shares and is the largest shareholder worthy of the name.
"Why is the profit situation in this quarter so much worse than the same quarter of the previous year, and even a lot worse than the fourth quarter of last year, what is the situation? Lao Zhao. Can you tell us a little bit about that? ”
It's very polite. There was even a little skepticism, but Zhao Shixiong looked at the person who spoke, and shook his head helplessly, indicating that he didn't have anything to say.
The person who spoke sat on his left hand side. is a middle-aged man of the same age as Zhao Shixiong. His face was dark. A bit short in stature. But the spirit is very good, and the sound is like a bell. As soon as he spoke, everyone present fell silent. Waiting for Zhao Shixiong's explanation. This person's name is Zeng Guoye, an old courtier who started a business with Zhao Shixiong, holding 17% of the shares of Huade Real Estate, the second largest shareholder in addition to Zhao Shixiong, and also the vice chairman of the board of directors of Huade Real Estate.
It's just that in the past few years, the two people who started a business together have an opinion on each other in their hearts, on the one hand, Zhao Shixiong is ambitious and wants to enter the mainland; On the other hand, a group of people led by Tsang Kwok-yip advocated staying in Hong Kong out of consideration to avoid political risks.
Although Huade Real Estate is a listed company, it still can't get rid of the traditional business model, and most of the construction workers from the management to the ordinary construction workers are old people who have worked hard with Zhao Zeng, and they can't get rid of the old style from the ideological point of view, so other shareholders have to choose between the two people.
The shareholders present are all major shareholders who hold more than 1%, and some institutions or funds that hold more shares send people to attend, but most of them can't put forward any constructive opinions, first, because their shares are too small, and second, although Zhao Zeng and the two are a little discordful, they are still very consistent in their attitude towards outsiders.
Regarding Zeng Guoye's question, Zhao Shixiong had no way to answer. He knows very well in his heart that recently, under his instructions, the management of Huade Real Estate has invested some funds into the real estate frenzy on Nanhai Island, although this quarter's financial report is ugly, but as long as they pass this stage, when they get rid of the pre-sale and land in their hands in the next quarter, the financial situation will immediately improve.
"What, Lao Zhao, have you transferred funds to the mainland? How can you be so bent on doing it! Seeing that Zhao Shixiong didn't make a sound for a long time, Zeng Guoye was a little anxious, and couldn't help but raise his voice.
Although most of the management is Zhao Shixiong's cronies, Zeng Guoye is also the second largest shareholder, and he also has his own eyes and ears in the management, and he has also heard about the flow of the group's funds.
"Lao Zeng, you can't wait patiently! As long as this quarter passes, we will soon be able to open up the situation in the mainland real estate industry, and then the group will find new growth points, and profits will soon be available. Zhao Shixiong sighed and said helplessly.
He knew very well in his heart that his attitude towards this old guy who had become detached in recent years could not be too much, otherwise Zeng Guoye would be angry and give up his equity to others, and he would no longer be able to control the board of directors.
It should be noted that the resolutions made by the board of directors require a vote of shareholders, and the number of votes is determined by the number of shares held. This time, Zhao Shixiong transferred funds to the mainland, bypassing the resolution made by the board of directors, just to wait for the raw rice to cook and mature, so that Zeng Guoye had nothing to say.
Zeng Guoye's face first flashed with anger, and then it was fleeting. He stared straight at Zhao Shixiong, and only after a long time did he say leisurely: "Is there really no room for recovery?" Our company's stock price has fluctuated greatly in the past few months, if this financial report comes out again, won't the stock price fall even more? What should we do if someone takes advantage of the fire to rob? Forget it, forget it, there is no way to do it now, I hope Lao Zhao, your promise can be fulfilled by then, otherwise don't blame me, an old man for many years, for being ruthless. ”
"The ground has been photographed, and the foundations of the building have begun to be laid, so how can you say that you will stop if you stop? You can rest assured about things in the stock market, it's a big deal that I transferred some funds from other companies in violation of regulations, how to say that this is also the country we have laid! Zhao Shixiong was happy in his heart, but he didn't show the slightest abnormality on his face. He knew very well that this was a sign of compromise on the part of the old fellow, and he had tried and tested this trick many times.
Just as he was about to announce the adjournment of the meeting after a few perfunctory words, the door of the conference room was suddenly pushed open, and two middle-aged men with briefcases walked in on their own, regardless of the loud obstruction of the female secretary in front of him.
"What's going on? What's going on? Seeing that a good thing was about to be completed, but was disturbed by an uninvited guest for no reason, the anger in Zhao Shixiong's heart can be imagined, he suddenly stood up from the rostrum, pointed at the person who broke in and asked in a fierce voice.
"Mr. Zhao, Mr. Zeng, these two are ......" The secretary who didn't stop the visitor hurriedly explained in a panic, but she couldn't say any more after she was halfway through, and she didn't know who the two people who came.
The slightly older middle-aged man in the lead looked at the board members who were staring at them in front of him, without the slightest expression on his face, and said in an almost mechanical voice, "I'm sorry to disturb your meeting. I am Mr. Ng Yiu-fai, a senior partner at Lee & Associates, and I would like to formally make a takeover offer to CW Properties on behalf of my client, Skyline International Holdings Limited, and you will get the news of this from the exchange in the future. It's a contract, you can think about it first. As he spoke, he pulled out a thick wad of paper from his briefcase and gently placed it on the large conference table.
"What? Acquisition? Zhao Shixiong's head didn't react for a while, and subconsciously asked.
"Not bad, and it's a cash buy!" Wu Yaohui nodded, then turned around and walked out, and when he arrived at the door, he seemed to remember something again, turned his head to the people who had not yet reacted, and said, "Now my client holds 10% of the shares, so he is also eligible to sit on the board of directors." In addition, my client bought all the shares in your hands at a price of 5% of the stock price this time, so you should consider it! ”
With that, he glanced at everyone and walked away without looking back.
Li Zhichen Law Firm is one of the most haode corporate acquisition law firms in Hong Kong, and Ng Yiuhui, a senior partner of the firm, knows very well that among Shijie-wide acquisitions, cash acquisitions have rarely failed, let alone Hong Kong, and it is only a matter of time before the Huade property changes hands.
You know, this kind of cash acquisition is basically to realize all the shares in the hands of these people, which is completely the most haode acquisition method. Think about it, who doesn't want to cash out all their shares without losing half a point!
Of course, Zhao Shixiong and Zeng Guoye would not think so, this company is the foundation they have worked hard to create, it is impossible to say that they will let go, the two glanced at each other and understood what they meant.
Other shareholders don't think so, knowing full well that when the financial report on the table is revealed, the price of their shares will become a different number, and it will take some time for the current stock price to recover.
For a while, the minds of everyone present began to come alive.
Seeing that everyone's eyes were flickering and absent-minded, Zhao Shixiong didn't have the heart to continue the board of directors, and after hurriedly ending the meeting, he recruited all the management above the manager level and held an emergency meeting together with Zeng Guoye.
"That's the way it is, what do you think we should do now?" When Zhao Shixiong gave a detailed introduction to the situation, he spread his hands and asked for the opinions of these cronies.
"Dong Zhao, we have to find a professional to deal with this matter. I have to report to you that the cash reserves in the group are not very large now, and I am afraid that we will not be able to cope with the current acquisition, so should we think of a way? A middle-aged man wearing gold-rimmed glasses stood up, his brow furrowed, and said worriedly.
He is Chen Shuzhi, the financial manager of Huade Real Estate, and has won the trust of Zhao Shixiong and Zeng Guoye, and is a skillful figure. (To be continued......)
PS: Thank you very much for poisoning you thousands of times and making me think about it many times! At the same time, I would like to thank the book friend Shi Huangtian for voting for the monthly ticket again!