"What?" As soon as the words fell, the venue immediately exploded, and many of the shareholders present also bought Hutchison stocks at a high level, and even at the peak price of 73 years, some may have lost eighty or ninety percent, and many of them have become numb to this stock, and the reason why they don't sell it is really because they have lost too much.

It's okay to lose it, but now let them take out a large sum of money, how can this be endured? Connected to the bank representatives sitting in the first row, except for Shen Bi, everyone else was also a little surprised, but this has nothing to do with them, if the shareholders can really pay the money, for the bank, it can further reduce the risk.

"Chen Sheng is also going to inject capital with him?" One of the next raised his hand and asked.

"Of course, according to the proportion, I will inject 100 million Hong Kong dollars, and all the remaining shareholders will bear it together, because considering that not all shareholders are present, you will not inject capital according to your own proportion, and those who are willing to inject more capital can get additional shares, and those who are not willing to inject capital or do not come to the scene, the shares in their hands will be diluted part." Chen Zhiwen explained.

"Then why didn't Chen Shenglai inject more money?" Someone else asked.

Chen Zhiwen said: "My shareholding ratio has reached 49.9%, and once the proportion of additional shares is injected, it will exceed 50%, triggering the acquisition offer, so this can only rely on everyone present." ”

"No, why?" "No money." "File for bankruptcy and forget it."

The sound below is endless, and many people become excited, they once invested millions of dollars, but now they only have tens of thousands of losses, and now they have to invest millions into it? Who wants that?

"Chen Sheng, since you are so optimistic about the future of Hutchison, just trigger the acquisition invitation, you can make a price for the shares in our hands, if it is appropriate, we will sell it to you, and in the future, Hutchison will be yours alone." Another 50-year-old bald man shouted.

"Yes, since you're optimistic, you can play alone."

"Yes!"

"That's right, we're all leaving."

"What a good idea!"

After a while, the rhythm of the scene completely changed direction, and several bank representatives in the first row were also stunned, but it was Shen Bi, who looked back at the few who shouted the most, and seemed to understand something.

"Hutchison is a listed company, everyone is also a shareholder of Hutchison, now the Hong Kong market has improved, as long as a few years later, I believe that Hutchison will be able to get out of the current predicament, and then everyone can also get the dividends they deserve." Chen Zhiwen said.

"Hong Kong's economy is getting better, there are too many stocks to invest in, I don't think we need to take risks on Hutchison?" Below, a few more people whispered to the people around them, and several people formed a group, and then the news was dispersed.

This sentence is very reasonable, Hong Kong's economy does have a trend of recovery, not to mention that these investors who have been mixed in the stock market for a long time, even ordinary people, can also see that the most basic Hang Seng Index and land prices have begun to rise slowly, and many people have begun to bid for land auctions by the government.

But Hutchison is still half-dead, the debt is too heavy, they inject funds, maybe they can recover in the future, but in high probability, it is definitely not as good as other normal investments, not to mention, there is still a certain probability that it will not survive.

What a loss? Now I have to inject a large amount of money, and this money is now used to buy other houses or stocks, and the benefits in a few years will definitely be stronger than investing in Hutchison?

The sound below was bustling, Shen Bi frowned a little, the rhythm was brought over so fast?

Zhou Jiayang on the side picked up the microphone and said: "Everyone, please keep quiet, although Chen Sheng is the major shareholder of Hutchison, if you are not willing to inject capital, we will fully respect your requirements, but the situation of Hutchison does require additional capital injection to recover, so we provide a second option, that is, Hutchison will apply for delisting in the future, and after the delisting, our capital injection is not restricted by the Securities and Exchange Law, so that Chen Sheng can directly carry out large-scale capital injection, if you are willing to invest, you can also keep up, If you don't want to, you can reduce the share of shares. ”

"Delisted? Are you kidding? "A bunch of shareholders have blown up again, although the current Hutchison stock price is very bad, but it can still be sold for money, if Hutchison is privatized, then what a fart? All the funds have become the equity of non-listed companies that cannot be traded directly, and there is really no penny.

Zhou Jiayang waited for a while, and after the voice on the scene was a little quieter, he said: "Everyone, it's useless to be loud, let's vote at the shareholders' meeting, as long as more than 66.7% of the people agree, then Hutchison can apply for delisting." ”

"Smart enough." Shen Bi below smiled, if Hutchison is to be privatized according to the acquisition offer, the price of the transaction must be above the highest price within half a year, and the previous price seems to be 4.9 Hong Kong dollars, which is three times more expensive than now, and the privatization cost in this case is too high.

But there are not too many restrictions on delisting, as long as 66.7% of shareholders agree, and then follow the process, and Chen Zhiwen alone has 49.9% of the shares, plus many people on the scene must have been bought by him, completely control the whole situation, of course, privatization also needs to be approved by their creditor banks.

"Chen Sheng, if you are delisted, your losses will be too great, so it is better for you to make a price and buy the shares in our hands." Someone said again.

Chen Zhiwen said into the microphone: "I'm sorry, I already have 49.9% of the shares, if I buy again, it will trigger the acquisition invitation, if you are not optimistic about the delisting or the company's new management, you can sell your shares to others before the delisting, and those who are optimistic about the new management can still hold it for a long time."

I hope you understand that Hutchison's current situation is very dangerous, the debt is very serious, only a large amount of capital injection can save Hutchison, but now Hutchison can no longer obtain funds through a share increase, then it can only be delisted, after the delisting, I will not be subject to any restrictions on capital injection, I believe that after ten years, Hutchison will definitely restore its previous position again, and at that time, I will also rearrange Hutchison to go public, and the shareholders who are willing to share the ups and downs with us will definitely be rewarded at that time. ”

"What are you kidding? Wait ten years? "Below is another group of buzzing voices, investing in Hong Kong, everyone can't wait to make money in half a month, who wants to wait for you for ten years? Who doesn't expect to get rich overnight by investing in stocks? For ten years, I don't know how much money I can make by investing in other stocks, who will share the ups and downs with you?

"Chen Sheng, the acquisition offer is a restriction on you, there is no requirement for me, I have 2.5 million shares of Hutchison, so let's sell it to you at 1.1 times the current market price, what do you think?" Another man stood up and said.

"Me too."

"I would too."

All of a sudden, many people stood up and expressed their willingness to sell stocks now, before they came, many people just hoped that Hutchison would go bankrupt and go out of business, and everyone could share a little bit of it, and now they know that it is about to be privatized, and more people want to let go.

Shen Bi looked at the few people behind him, frowning, and didn't know if they were real or true for a while.

In his experience in Hong Kong, few companies choose to delist, because once they voluntarily delist, they will be restricted from being listed again for a period of time in the future, which is unacceptable to many people.

Of course, under normal circumstances, in order to protect ordinary shareholders, the stock exchange will require a price mechanism that allows ordinary shareholders to exit, but this is a loophole, and there have been few cases of voluntary delisting in Hong Kong's history, and this price is not as stipulated in the tender offer.

Even if it is a takeover offer, in fact, there are a bunch of loopholes, Hongkong Land's share-for-share acquisition of Dairy Milk International theoretically triggered the takeover offer, but there is not even a transaction price, which can be regarded as seizing a loophole in the takeover offer, avoiding the situation that the price will be skyrocketing after 50%.

"Chen Sheng, if you want to buy it, you have to give some sincerity, right?" One person below said loudly, causing many people to appeal, in fact, everyone has understood that this is a bureau, but there is no way, people control the whole situation, if it is really a vote, once 66.7% of people agree to delist, then the stocks in their hands will be embarrassing.

"Then I will increase the price by 20%, what do you think?" Chen Zhiwen said.

The easiest way to deal with a disunited group is to buy some of the people inside, and under the deliberate guidance of a few people, it can cause a very large divisive effect. Of course, the most important thing is that Hutchison's current situation is too bad, and many shareholders really want to get rid of it, and they have asked them to make another large capital injection, which has caused public anger.

"20% is still too low, and acquisitions in the market are generally 30%." Several other people said continuously, which also caused some people to agree, no one will be afraid of more money, can be sold at a high price, and who disagrees?

"30% is normal market behavior, but not in the case of Hutchison, I also need to take a lot of risk to buy all the shares, but I can still raise the price to 25%, you can discuss it internally, if you want to, you can trade now, if you don't want to, then continue to hold." Chen Zhiwen said.

Unlike the takeover offer, there is no way to enforce it after delisting, which means that even if Chen Zhiwen has 99.9% of Hutchison's shares and a few of the shares that hold 0.1%, he can only let it go, and at most can dilute the other party's shares by injecting capital.

However, Chen Zhiwen doesn't care very much, because for ordinary investors, the shares of a non-listed company, especially such a small number of shares, are equivalent to meat buns beating dogs without return, and there are no dividends and they can't have management rights like major shareholders, so it's okay to sell them, but who dares to ask for Hutchison now?

Chen Zhiwen looked at the bank representatives in the first row below and said, "Friends of the bank, what are your opinions on the delisting of Hutchison?" ”

The representatives of the banks looked at each other a few times at this privatization, which took a big circle to reveal its true purpose, and it seemed that the matter was too big for them to decide.

Shen Bi, who is in the middle, said: "I agree with Chen Sheng's delisting, but Chen Sheng needs to give us a detailed plan on the debt issue in the future." ”

"Okay, no problem." Chen Zhiwen nodded and said.

Shen Bi has spoken, and others can't say anything, the bank group acts in itself, and it is the boss in itself, although some of their banks have much more energy overseas than HSBC, but this is Hong Kong, and no international bank can compare to HSBC in Hong Kong.

"Shareholders, you still have time to think about the delisting." Zhou Jiayang on the side said: "It's almost noon now, and our group has ordered a sumptuous lunch for you at the Hilton Hotel, please go together." ”

(End of chapter)