Just when everyone is still inquiring about each other's news, we waited for the news of the exchange on Bao'an shares through the Bao'an Shanghai branch in the secondary market to increase the holdings of Yanzhong shares by more than 5%, according to the requirements of the "Interim Regulations on the Administration of Stock Issuance and Trading", it is now announced that normal trading will resume in the afternoon.

Everyone wonders why such an important news is only suspended for 15 minutes in the intraday trading of Yanzhong shares? Later, Ye Zifeng knew that they were reminded by Luo Qingxue, and when they reviewed the market, they found that the Bao'an Shanghai Branch held more than 5% of Yanzhong's shares, and had to report to the exchange.

Mr. Leung, the current general manager of Yanzhong, has a lunch break and a lounge next door to his office. At noon that day, Liang Guotai was resting when he was awakened by a rapid knock on the door.

Knocking on the door was the secretary of the board of directors of the company, and the secretary of the board told him that he had just received a notice from Baoan Company that they had launched an acquisition of our company in the secondary market, and now the number of increased holdings has reached the red line of 5% acquisition.

"What? Acquisition of our company in the secondary market? Which company is it? Why did they buy our company? Liang Guotai was a little stunned when he heard it.

"The report is written on the Bao'an Shanghai branch. Its head office is Shenzhen Baoan Co., Ltd., which is also a company listed on the Shenzhen Stock Exchange. They now hold more than 5% of our shares. ”

"What do they want to do?" Liang Guotai tapped his fingers on the boss's desk and pondered.

"There are two possibilities, one is for the status of the controlling shareholder, after all, we are one of the few fully circulating joint-stock companies in Shenzhen and Shanghai. Another possibility is to make a financial investment. The secretary of the board of directors analyzed.

"Which one do you think is more likely?" Liang Guotai asked.

"The first scenario is very big, because we are a fully tradable joint-stock company, and as the largest shareholder, we don't hold a high percentage of shares, so we set the stage for the acquisition. If you are just making a financial investment, high-performance stocks with high annual dividends are the first choice, and they should not be our company. ”

"Inform the directors in Shanghai to return to the company for a meeting immediately." Liang Guotai asked the secretary of the board of directors to arrange it immediately.

After the secretary left, Liang Guotai sat on the sofa, rubbed his temples with his thumb, and fell into deep thought.

As the general manager of Yanzhong Co., Ltd., Liang Guotai has experienced the company's ups and downs with Yanzhong Co., Ltd. After he returned to the city from Heilongjiang, because he had previous experience in supply and marketing in Junken Farm, he was favored by Yanzhong Industry and was responsible for the company's supply and marketing work. At that time, Yanzhong Industrial Drawing Machine sold well in the country, with a net profit of 1 million yuan a year, and it was a well-known street office company in Shanghai at that time.

Later, with the issuance of shares by Yanzhong Company and the financing and listing, Yanzhong Industry changed its name to Yanzhong Co., Ltd. and became one of the old eight shares in the Shanghai Stock Exchange. And Liang Guotai has gradually grown from a supply and marketing person in charge to the general manager of the company.

This feeling and hard work is not something that an outsider can understand.

So, when Liang Guotai heard that someone had bought his own company in the secondary market, this kind of behavior of going down the mountain to pick peaches, he felt strangely angry.

The meeting was held in the general manager's conference room. When the directors at the meeting heard that a Shenzhen-listed company had come to the Shanghai Stock Exchange to acquire its own company, they were all as angry as Liang Guotai. Fishing out of bounds?

However, because Bao'an Hushi Branch reported that it held 5% of the shares of Yanzhong Shares, there was still a certain gap between the shares held by Yanzhong Industrial Company, the largest shareholder of the actual controlling shareholder. Don't you know, this Bao'an Shanghai branch is coming for a controlling position? Or is it a financial investment behavior? This will only be known when the situation becomes clearer.

There is no better way for people to express their anger. In the end, the directors at the meeting unanimously decided that first of all, the company would report this situation to the competent department of Yanzhong shares. Second, in the name of the company, issue a notice to achieve the effect of knocking on the mountain and shaking the tiger.

According to the announcement, the company pays close attention to the acquisition of the company's shares by the Baoan Shanghai Branch through the secondary market. We welcome everyone's investment in Yanzhong shares, but it must be compliant and legal, and we will take corresponding measures according to the development of the situation to protect the legitimate interests of the majority of investors.

In the afternoon, in the announcement of the exchange, Yanzhong shares resumed trading and jumped up, opening at 14.25 yuan, up 1.76 yuan from the close. The other three no-plates have strengthened together, driving the collective rise of related acquisition concepts, with Big and Small Flying, Xingye Shares, Seabird Shares, and Baoan Shares leading the gains, and even Su Sanshan, a pseudo-acquisition concept stock, has narrowed its decline.

Yanzhong shares rose as high as 19.99 yuan intraday and closed at 15.68 yuan on the same day. The amplitude is up to 70%. The volume has also increased dramatically.

After the market closed, everyone saw the statement issued by Yanzhong shares. Everyone speculated that the acquisition of Baoan shares in the secondary market was aimed at being the controlling shareholder? Or is it an ordinary financial investment?

If the acquisition of Baoan shares in the secondary market is aimed at being the controlling shareholder of Yanzhong shares, judging from the statement issued by Yanzhong shares, the existing controlling shareholders of Yanzhong shares will never sit still. Then a takeover and anti-takeover war will start in the secondary market, which will undoubtedly stimulate the stock price, and Yanzhong shares will continue to rise.

If it is just an ordinary financial investment, the existing stock price of Yanzhong shares has undoubtedly been fully reflected. After all, everyone has not yet come out of the shadow of Su Sanshan's false acquisition.

But all the speculation and controversy will have to wait until whether Baoan shares will be acquired in the secondary market before a judgment can be made. However, for the stock market, which is in a continuous decline, this news is undoubtedly a blockbuster*, which detonated the three-no sector and drove the Shanghai index up.

"Judging from the statement of Yanzhong shares, Yanzhong shares will not sit still! They are also testing the attitude of Bao'an shares. Now Bao'an Shanghai branch only in the secondary market increased its holdings of 5% of the shares, if Bao'an shares have announced the number of increases, close to or beyond the number of the original controlling shareholders of Yanzhong shares, Yanzhong shares will take measures to counterattack. Ye Zifeng looked at the statement of Yanzhong shares and said to Luo Qingxue.

"Are they going to do a reverse takeover? Or the implementation of the poison pill program? In the face of absolute strength, they don't have many options. Luo Qingxue said. If it is in the United States, what is usually done is to implement a poison pill plan to stop this hostile acquisition in the market.

"It is very unlikely that Yanzhong will carry out a substantial reverse takeover, because the reverse takeover must come up with a large amount of real money. If nothing else, Baoan shares will not only increase the shares of Yanzhong shares in the secondary market through one company, and the number of shares held by other affiliated companies may have reached or approached the red line of 5%. The share price of Yanzhong shares has also risen from more than 8 yuan to 15.68 yuan to close now, an increase of nearly double.

If Yanzhong shares in the secondary market at this time for a reverse takeover, will inevitably cause the stock price to rise, even if Yanzhong shares have this strength, but the cost is not cost-effective at all. Because of the low cost of acquisition in the secondary market, when the shares rise sharply, the company can seek a controlling position, and the financial investment can be made to obtain substantial investment returns. For Baoan shares, this is an acquisition that can be attacked and retreated." Ye Zifeng analyzed.

Ye Zifeng didn't know that when Du Zheng, chairman of Baoan Co., Ltd., sought to cooperate with Jun'an Securities, Du Xinwei analyzed it to Du Zheng in this way.

At that time, Du Xinwei told Du Zheng that if the share price of Yanzhong shares rose to 15 yuan, calculated at 15 yuan, Yanzhong shares to carry out a reverse takeover, every 1% of the shares acquired in the secondary market, it would cost 15 million cash, if the increase of 5% of the shares, it would be 75 million cash, we analyzed its financial statements, Yanzhong shares did not have such great strength at all, from the secondary market for reverse takeover. What's more, the stock price in the secondary market is still dynamic, and if Yanzhong shares carry out a reverse takeover, the stock price of 15 yuan is absolutely unstoppable.

Du Xinwei reassured Du Zheng, thinking that this acquisition would only make money and not lose money. Du Zheng finally made the decision to initiate the acquisition.