Chapter 110 [Acquisition of Dasheng Real Estate] (Plus more!) )
A new week begins.
A senior executive of Dasheng Real Estate walked into the chairman's office and said to Ma Qingwei: "Chairman, the stock price of Dasheng Real Estate is a bit abnormal, and it has started to rise sharply recently, I suspect that someone is buying shares in the hands of retail investors in the market!" ”
Ma Qingwei was stunned, he has also paid attention to his company's stocks recently, but he thinks it is quite normal.
At present, the total share capital of Dasheng Real Estate is 220 million shares, each share is worth 7.95 yuan, and the market value is 1.75 billion;
"Really? You go to the market again to investigate carefully, and feel free to tell me if there is anything new! Ma Qingwei said calmly.
"Good!"
After the executives left, Ma Qingwei couldn't help but smile and shook his head, his subordinates are too sensitive, it's not normal for the stock price to rise, and now the real estate is hot!
Dasheng Real Estate has a market value of more than 2 billion, which is also worth it, and the company's net assets are 2 billion.
"Our Ma family accounts for 34.5% of the shares of Dasheng Real Estate, and we have Dasheng Bank as the backing, who dares to come to the tiger's beard!"
"That kid last time?"
"Impossible, the market value of real estate in the new era is only just one billion, and the moisture is extremely strong, not worth mentioning!"
"TMD, that kid is making a big fuss, he's just chasing a girl, and he doesn't know it's his girlfriend, and he dares to threaten me, I really think I'm afraid of him!"
In fact, Ma Weiqing has always been worried that Lin Zuhui will use magazines to slander him, after all, he knows that Lin Zuhui's two magazines are the top five best-selling magazines in Hong Kong, and now there is a financial magazine "Capital", which is also quite popular.
Just because he was worried that Lin Zuhui would not play according to the routine, Ma Weiqing specially inquired about Lin Zuhui's connections, and actually inquired about him and Jin Daxia of Ming Pao Group as 'New Year's friends', which suddenly made Ma Weiqing a little worried.
Lin Zuhui has such rich media resources in his hands, will he fight to the death. Ma Weiqing didn't worry about other things, he was worried that the kid accused him of 'sending someone to follow his girlfriend' and 'stop her girlfriend from leaving', after all, the kid said this.
"MD, if I don't send someone to follow me, how can I chase girls?"
"I'm not stalking, how can I chase such a superb girl?"
......
In an office, Lin Zuhui, Qiu Degen, Liang Botao and others are discussing the details of the 'acquisition of Dasheng Real Estate'.
Liang Botao said: "Now the market has been alerted, and some shareholders are reluctant to sell, and they can't absorb many stocks!" ”
Today, the share price of Dasheng Real Estate has exceeded more than 8 yuan, which is more than one yuan higher than the first secret purchase of New Era Real Estate.
The two sides already hold 21% of the shares (10% of which are held by Maximson Securities), and it is normal for the market to be alert, and perhaps it has already been discovered by some shareholders.
Chu Degen pondered for a moment and said, "Since that's the case, let's officially announce the acquisition!" Liang Sheng, how much price do you think is appropriate? ”
Liang Botao said directly: "8.8 yuan per share is more suitable, after all, the price needs to be raised in the later stage, let's see the market reaction first!" ”
Lin Zuhui echoed: "This price is more reasonable, although the assets of Dasheng Real Estate are of high quality, the stock price has not performed well in the past two years, and this price should soon allow us to own more than 25% of its shares." In this way, the distance between us and Dasheng Real Estate is within 10%! ”
A full takeover is a 51% stake and a declaration of victory; For a privatized company, it must be more than 90% for the privatization to be successful.
Heung Kong has a rule that once the initiating acquirer exceeds 35% of the shares, it must be fully acquired (51%); But don't do that, this regulation is only set up for the old to protect the land.
Many acquirers declare victory as long as they have more than 40% of the shares; Of course, it has to be done when the other party is not able to exceed this shareholding.
It's a very simple reason, the Securities Regulatory Commission stipulates that you want to buy a full (51%), but my price is not generous, and the people are reluctant to sell it to me, who is to blame!
In short, there are too many ways to do this, and some acquisitions of 34% are announced to be profitable, and dominate the acquired companies. Anyway, it depends on whether the two sides have the determination to continue fighting.
.......
Wednesday, October 16.
Qiu Degen's family, Medison Securities and New Era Real Estate announced the joint acquisition of Dasheng Real Estate, and entrusted Liang Botao of GIC Investment Bank as the financial adviser to offer a comprehensive acquisition at a price of 8.8 yuan per share, announcing that it holds 21.5% of the shares of Dasheng Real Estate.
For a time, there was a major earthquake in Hong Kong and Kowloon.
Ma Qingwei, chairman of Dasheng Real Estate, was stunned when he heard the news!
"How dare he! How dare that kid! Ma Qingwei muttered.
His younger brother Ma Qingzhong said: "Big brother, how dare you? What do we do now? ”
Ma Jincan has many children, and after his death last year, the Ma family was led by his eldest son, Ma Qingwei, and second son, Ma Qingzhong, and took charge of Dasheng Real Estate and Dasheng Bank.
"Is there still a stock in the market?" Ma Qingwei asked.
"At present, the grey market has been 9 yuan, and the only way to do this is to suspend trading for one day, and then we will prepare! We cashed out only 7 yuan per share in the first half of the year, and we would have known that we would not have cashed out the 5% equity. Ma Qingzhong frowned.
9 yuan per share, has made Dasheng Real Estate close to 2 billion market value, if it is usual, this is a good thing, but now the Ma family needs to stabilize their equity, they must take the way of repurchase, which is not a good thing.
Ma Qingzhong was also anxious at this time, he now recalled Lin Zuhui's original expression, that look was very confident, and he didn't seem to look at the Ma family in his eyes. According to the situation at that time, I guess this kid is really going to be ruthless and assist the Qiu family in taking over the Dasheng real estate.
Therefore, Ma Qingzhong did not dare to hesitate and decided to suspend trading first, and then prepare for a reverse takeover to strengthen the equity of the Ma family.
.......
At this time, Hong Kong's business people were looking sideways, Ma Kam-chan, the founder of Tai Sang Real Estate, was one of the 'five richest people' in Hong Kong in the fifties and sixties, and the Ma family began to make a name for itself in the real estate industry in 1954, and now the so-called four major families are just rising stars.
Now that the founder of the Ma family has just passed away for a year, there is a consortium to challenge, which is undoubtedly major news.
Soon, business people found out that New Era Real Estate was actually a partner of the Qiu family, and they immediately watched the show; Lin Zuhui has a lot of influence in the securities industry, and even has a reputation in the financial industry, sniping Aimeigao and sniping Nengda Technology have his shadow.
It's just that he didn't expect that this time Lin Zuhui set his sights on the giant old real estate company with a market value of nearly 2 billion, and also wooed the Qiu family.
Just when everyone was looking sideways, New Era Real Estate also officially announced a new round of rights issue fundraising: 1 share for every 5 shares, 2.6 yuan per share, and it is expected to raise 200 million yuan for real estate development.
For a while, many people speculated whether New Era Real Estate was using this capital to acquire Dasheng Real Estate.
......
On Thursday, Dasheng Real Estate was suspended for one day;
After the resumption of trading on Friday, Tai Sang Real Estate shares soared by HK$9.5 per share again, possibly because both companies were scrambling to raise funds in the market.
On Friday evening, Lin Zuhui, Qiu Degen, and Liang Botao held a summary meeting in the conference room.
"Our shareholding has reached 25%, and the Ma family's shareholding should be around 36..... "Liang Botao narrated the situation on both sides.
Lin Zuhui observed Qiu Degen, and if he found that he was not confident, then he could only retreat first.
Chu Degen was fashionable and did not see fear, but said: "Two days over the weekend, the Ma family should hold an anti-takeover press conference, everything has to wait for their bid, and we can formulate a new strategy!" ”
Lin Zuhui said unceremoniously: "No, we can formulate a new strategy immediately!" On the weekend, we are going to publish it in the newspaper, and we are going to send three directors to Tai Sang Real Estate. ”
This move is bound to startle the Ma family, and they are determined to fight back with all their might. Otherwise, this tepid acquisition war is really not what Lin Zuhui wants to see!
But in this way, Chu Degen hesitated a little and said: "We haven't launched a full acquisition yet, isn't that good?" ”
Lin Zuhui said with a smile: "Qiu Sheng, we are not following you to work for you for free, only in this way will the Ma family fight back with all their might, and the chips in our hands will be more valuable." Of course, if you really want to win Dasheng Real Estate, you should be careful in today's situation, both of them are absorbing chips in the market at the same time, and you must lose in the end! ”
From the very beginning of joining the acquisition, Lin Zuhui made no secret that he joined the acquisition for profit, and Qiu Degen also understood this truth.
If both of them are not active, how can the stock price be pulled up! Moreover, the stock price has risen, and even if the Qiu family fails to acquire, the value of Dasheng Real Estate shares in the hands of Medison Securities has also risen sharply.
Qiu Degen said in his heart: "What a sniper, acting viciously and old-fashioned!" First of all, the matter of the rights issue of New Era Real Estate was put at the same time, giving the Ma family a signal flare, indicating that New Era Real Estate would go all out to join the acquisition; Now we have to send three directors to Dasheng Real Estate, which is like having entered the enemy's lair, and the enemy can only fight back! ”
In fact, he also held the best acquisition of Dasheng Real Estate, and it was a very good investment if the acquisition was not successful, the net asset value of Dasheng Real Estate is 2 billion, and if the real estate rises again, it is 2.5 billion to 2.8 billion It is very worth winning, after all, where is the brand influence.
"Okay, just do what Lin Sheng said! We'll have a press conference tomorrow! ”
Sending three directors into Dasheng Real Estate is definitely a shady move.
In his previous life, whether Da Liu acquired Nengda Technology or Grand Hotel, he said that he would send several directors to the company, but the major shareholders were naturally extremely resistant, and the Kadoorie family even did not hesitate to use court to prevent Da Liu from entering the board of directors.
In fact, at that time, Da Liu already held 34% of the shares, and it stands to reason that he must enter the board of directors; However, Kadoorie has always accused Amico and Lai Sun Group of 'acting in concert' against violating the law, so it has been delayed again and again, until Da Liu almost got angry, and a lot of interest is generated every day!
.....
The next day (Saturday), Medison Securities and New Era Real Estate held a press conference to officially show off to Dasheng Real Estate and send three directors to Dasheng Real Estate.
When Ma Qingwei heard this, he was so angry that he broke an antique cup worth 200,000 yuan.
"Don't think!"
His younger brother, Ma Qingzhong, the chairman of Dasheng Bank, said: "We will press conference tonight to raise the anti-takeover price to 9.5 yuan!" ”
Originally, according to expectations, the Ma family was only willing to carry out a reverse acquisition at 9.2 yuan, but now they can't take care of 'cutting meat'.
At this time, Ma Qingwei already regretted offending Lin Zuhui last time, after all, the Ma family may have to spend an extra 400 million yuan to stabilize the equity this time, which is a big loss for many families.
In the evening of the same day, the Ma family, with Luo Fuqi and his son company as the financial adviser, officially issued an anti-takeover announcement: to acquire the shares of Dasheng Real Estate at a price of 9.5 yuan.
At the press conference, Ma Brothers said that no one is welcome to acquire Dasheng Real Estate, nor does it welcome the acquirer to appoint three directors. If Qiu's and Lin's are just for investment, then Dasheng Real Estate welcomes it.
In fact, many reporters have begun to dig deep into the fuse of this acquisition war!