Chapter 709: If you say bankrupt, you will be bankrupt
As many people know, 'Yan Wu', the chairman of Mythical Group, who is good at 'revenge', still does what he says when it comes to revenge. And this time, it was a retail group from the Japanese country that was cleaned up.
There was only one night, and even if Michio Wada basically didn't rest all night, he was busy looking for someone to make peace, hoping to deal with this matter. Because he knows very well that his own group cannot resist the hostile takeover of the Mythical Group.
Although Michio Wada was mentally prepared, when the stock market opened the next day, he received a call from the head of the group's equity department. Someone is on the stock market, frantically buying shares issued by Hetian Retail.
Michio Wada, who received the news, asked calmly in his heart: "Can you find out the financier of the acquisition?" ”
"President, I can't find out. Although we are trading through all channels, many of the funds for the acquisition of our group's shares are highly confidential. A lot of these funds should come from overseas. ”
"Baga, is he really going to buy our company hostilely at all costs? You stay tuned, I want to figure it out! ”
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For Michio Wada, he is naturally unwilling to be hostilely acquired by others. You must know that he worked hard to create this group from nothing, so he was naturally unwilling to give up, and even had a so-called bankruptcy situation.
Fortunately, the Hetian family is the largest shareholder of the group, and in order to avoid a hostile takeover of the group, he quickly called those shareholders and hoped to buy their shares. And these shareholders, naturally, will not miss such an opportunity to make money.
Hearing the offers of these so-called friends, Michio Wada also hated it. The problem is, he knows very well that this is the rule of business. When a businessman trades, he naturally wants to maximize his interests, and his friends are vulnerable to money.
Moreover, these shareholders are willing to take a stake in his group, aren't they just thinking that the group will make money? If this group is not profitable, then how can they invest, and how can they be willing to help Michio Wada?
Although it is not known now, Michio Wada will be able to hold the group. But these shareholders knew in their hearts that if Michio Wada wanted the group not to be acquired, he had to acquire enough shares to complete the control.
At present, the group's stocks, in the case of a large amount of funds being acquired at a high price, are naturally rising. Some minority shareholders of Hetian Retail also received calls from unknown forces to buy their shares at a high price.
In this case, there are minority shareholders who are reluctant to sell, and there are those who are willing to sell. It's just that the asking price is very high. Even some minority shareholders also directly told Michio Wada that their stock price was higher.
Michio Wada, who raised a lot of cash, could only grit his teeth and buy the shares of these shareholders. However, if you want to acquire the shares of absolute control, you naturally need a large amount of money. In desperation, he had no choice but to find a bank to borrow.
Fortunately, the bank also seems to be optimistic about Michio Wada and is willing to pledge the loan with shares. In just one day, Michio Wada acquired a stake close to a controlling stake, but also emptied all the family's cash.
Even the money from the loan just now was spent on buying back shares. When Wada Jiro came home and saw his son's Michio Wada, he directly gave him a big ear scrape, and hit Wada Jiro's eyes with gold stars.
"Baga, you know that because of you, decades of hard work in the family may be in vain. Damn it! ”
On the way back to the family from the airport, he already knew that the family had emptied the cash in order to buy back the shares, and even pledged a large amount of real estate and group shares!
Fortunately, Michio Wada is also very sophisticated, and he buys the shares of those shareholders at a high price at all costs, although he has not been able to complete absolute control for the time being. But the shares he owns now are relatively safe.
But no one expected that when the stock market opened again the next day, Hetian Retail's stock rose again. Other financial institutions, which are aware of this stock battle, have also begun to enter the market one after another, buying the outstanding shares sold by the stock market.
To the surprise of these investment institutions, the number of outstanding shares sold today seems to be a bit more than they imagined. At the time of the opening, the big buyers who bought stocks at high prices seemed to have disappeared from the stock market.
"What's going on? Didn't you say that the Mythical Group was going to forcibly acquire Hetian Retail? They bought so many outstanding shares yesterday, why haven't they moved today? And the outstanding shares sold today seem to be a bit much, right? ”
"Yaga, we may have been fooled. These tradable shares should have been sold by those big investors yesterday. They bought yesterday's outstanding shares at a lower price, but today they sold them to us at a high price. ”
"That mythical group, don't you want to buy Hetian Retail? Could this be a deliberate attempt by them to suppress the stock price? ”
The stock market confrontation is both virtual and real. Until the last minute, no one knows what cards the opponent will play. Some institutions choose to wait and see, and some investment institutions are willing to sell the stocks they bought before, and the stocks are quickly bought.
"Uh, what's going on? We sold the stocks, and there are still people buying? ”
"I don't know! Could it be the Wada family, in the acquisition of outstanding shares in the market? ”
After the next day's acquisition, the Wada family finally acquired enough controlling shares. But what no one expected was that when the stock market opened on the third day, Hetian Retail, which had soared all the way yesterday, fell directly to the bottom today.
The speculators, who were still holding their stocks and waiting for the appreciation yesterday, were shocked and said: "Baga, what happened to Hetian Retail?" Why did their stock price fall directly today? ”
It wasn't until they saw that the newspaper that had just been issued today reported that the Wada family, in order to buy back the group's shares, had mortgaged real estate and the group's repurchased shares. This means that the Hotan family has no liquidity.
If this news is not exciting, then the really exciting news is that the supermarkets of Hetian Retail's overseas expansion are all in chaos. The reason for the confusion is that the management and employees of the supermarket have all resigned.
In these newspapers and periodicals, it was also detailed that Wada Retail had over-borrowed from banks in order to improve its so-called overseas strategy. Now that these supermarkets are closed, they may not be able to pay the loans they owe to the banks.
As soon as the news came out, the bank immediately froze the funds in the account of Hetian Retail. Even if there is not much money in the account, for those banks that lend money, if you can get back a little more, it can also reduce the loss.
In addition, the bank also began to demand the repayment of the loan with the Hotan family. In this case, everyone knows that Hetian retail is basically finished. Even in the newspapers, there is even more exciting news, that is, the Hotan family repeated the loan when taking out loans.
After a series of news was exposed, even if the Hetian family acquired enough controlling shares, what was the use? To put it simply, their existing group assets are simply not able to repay the loans they owe to the bank.
In this case, does the Hotan family have any other options besides bankruptcy?