Chapter 70 Acquisition War Next
On June 18, Qingzhou Yingni purchased the front pages of Oriental Daily and Sing Tao Daily and made it clear that it did not welcome the acquisition by HSBC.
The reason given is very simple: Qingzhou Yingni has been operating for nearly a hundred years and has always been very profitable. It does not need the intervention of outside companies. At the same time, it also questioned whether HSBC is engaged in finance and does not know about cement. Finally, it called on all shareholders and investors to calm down.
We also hope that HSBC will provide an explanation.
As soon as this news was published, it instantly ignited the passion of stock investors. At the same time, everyone suddenly realized that it was HSBC that had taken a liking to Qingzhou Yingni.
How could everyone be calm at this time? They all forgot about the painful experience a few years ago, and bought Qingzhou Yingni's shares one after another, raising the stock price to just over five Hong Kong dollars in one fell swoop.
In fact, this is what James Caan wants to see, only to expose this matter, raise the stock price, and make it more difficult for HSBC to acquire.
During this period, he was also hemorrhaging money. He purchased 6% of the shares from several other shareholders on the stock market, making his holdings of Qingni's shares exceed 28%.
HSBC stopped pretending when they saw Qingzhou Yingni directly revealing herself.
There was no direct answer to the questions raised by Qingzhou Yingni, but they also responded tit-for-tat. They bought the front pages of Ta Kung Pao, Xiangjiang Daily, Tiantian Daily and Hong Kong Economic Times, accusing the board of directors of Qingzhou Yingni that they had no ability to run the company.
And it’s also very factual and based:
"Qingzhou Yingni, Jardine, Land, Wheelock and Hutchison Whampoa are almost companies of the same era. However, the latter companies did not just stick to their main business and carried out diversified development, so they became
Now a giant in Hong Kong.
However, Qingzhou Ying Cement Company only knows how to manufacture cement, and its current market value is less than a fraction of that of its contemporaries, causing heavy losses to shareholders.
The most important thing is that the cement manufacturing is not done well, the management efficiency is low, and the equipment technology is backward, so that the market share is getting lower and lower."
In fact, although the last point is also true, the most important thing is that the real estate market in Xiangjiang is developing too fast and Qingzhou Yingni's production capacity cannot keep up. But shareholders don't know. Just let them believe that the current Qingzhou Yingni's board of directors is not capable.
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At the same time, he said at the end:
"After acquiring Qingzhou Yingni, HSBC will increase investment in upgrading equipment, improve technology, and diversify its development to obtain greater benefits for all shareholders."
However, one day later, Qingzhou Ying Cement Company again rejected the acquisition and replied:
"Qingzhou Ying Cement has been providing cement to Hong Kong as its main business since it was founded. It seems reasonable for HSBC to compare Qingzhou Ying Cement with Jardine and others, but in fact it is only looking at the surface. There are no less than a thousand companies of the same generation as Qingzhou Ying Cement.
But only a few have developed into giants, and most companies went bankrupt after diversifying their operations, causing heavy losses to investors."
"Although Qingzhou Ying Cement has not diversified its development, it is very successful in its main business. Nowadays, there is only Qingzhou Ying Cement Company in the Xiangjiang cement industry, and there is no second company. Although Qingzhou Ying Cement is not as good as Jardine and Hutchison Whampoa
Although it may be huge and wealthy, it can definitely develop steadily, allowing investors' investments to appreciate steadily."
The two sides had been quarreling in the newspapers for several days, and everyone watched it with great interest. This was the first time they saw two ghosts arguing with each other.
This time, Lei Yunrong did have to accept the favor of HSBC. They were originally serving as acquisition consultants, so they didn't have to end up naked like this. Even if Lei Yunrong was exposed, it would be reasonable.
But Lei Yunrong also decided not to hide behind the scenes anymore. It would be unreasonable to let HSBC take the lead all the time. And since he did this, Lei Yunrong couldn't be ignorant.
Holding the newspaper in his hand, Lei Yunrong smiled and said:
"It seems that James Caan is not a stupid pig, and his analysis is quite reasonable."
"Maybe he didn't write it, it was analyzed by the people below him. After all, he is also the chairman of the board of directors of a listed company. How could he condescend to do such a trivial thing."
"That's right. How many Qingzhou Yingni stocks do we have in our hands now?"
Zhang Changlin was paying attention to this matter all the time, and when faced with Lei Yunrong's question, he blurted out:
"Now we hold 24.6% of the shares."
Lei Yunrong frowned a little when he heard this and asked:
"We're receiving less than five percent of the stock on the stock market?"
"Yes, since Qingzhou Yingni broke the news that HSBC wanted to acquire them, many institutions have entered the market to buy stocks. James Caan also raised a sum of money to buy stocks on the stock market, causing Qingni's stock price to keep rising.
It’s almost 6 yuan now, so many investors are also waiting and watching.”
"This is too slow. If this continues, it may still be impossible for us to overwhelm the Kane family."
"If we want to go faster, we can only spend money."
"Then throw money at it!"
Lei Yunrong has also become ruthless. This time it can be said that this is his first appearance in Xiangjiang. The previous acquisitions of buildings and Taisheng Development only made him a little famous, and they were only transactions within Chinese capital.
But this time Lei Yunrong is challenging British capital, and it is also the first time that Chinese capital has challenged British capital, so Lei Yunrong must get it done, and get it done quickly and beautifully.
Anyway, it’s better to spend more money. Lei Yunrong is not short of money now!
The next day, just as everyone moved their stools and ate melon, waiting for a new round of scolding between HSBC and Qingzhou Yingni, a piece of news suddenly shocked countless melon-eating people.
HSBC stated in Heung Kong Daily, Hong Kong Economic Times and Tiantian Daily that the acquisition of Qingzhou Yingni HSBC was only as a financial consultant, and the real acquirer was Kowloon Construction.
Everyone couldn't help but feel a little speechless when they saw this news. Didn't you dance so happily if you didn't acquire it?
But when I saw Kowloon Jianye, wasn't this Xiao Leisheng's company?
Could it be that Lei Yunrong is acquiring Qingzhou Yingni?
When they read down the newspaper, they saw the exact answer:
Kowloon Construction stated that it will acquire Qingzhou Yingni's shares at a price of HK$6 per share until it acquires 20%.
This time the melon-eating crowd was completely excited!
Who says the British are the boss? We Chinese can also overthrow you!
It is true that everyone has worked hard for a long time, and this has also aroused the pride in the hearts of the Chinese people.
However, this time Kowloon Construction's public acquisition of a British company seems to be completely imitating the way Land Land drank milk last time, and started the war through newspapers.
Thinking of the last stock market loss, many old investors suddenly felt their hearts bleed.
Land used despicable means to inflate its own company's stock price, and then obtained a controlling stake in the dairy company through equity s Then the stock market crash struck, and Land's stock price fell from its peak of HK$67 to HK$12 per share.
And it lasted until 2019, and Land's stock price never returned to the price of HK$67.
In this merger and acquisition, the management rights of the milk company were obtained without spending any money, but countless shareholders paid for it.
However, the acquisition proposed by Jiulong Jianye this time is completely different. It purely uses real money and silver for the acquisition, and shares are paid at the same time. Although the premium is not much compared to the current stock price, less than 20%.
But many people still decided to settle down.
The share price of Qingzhou Yingni may rise again in the future, but compared with the initial share price of just over two yuan, it has now increased nearly three times.
After the last beating, some people learned to restrain their greed.
But before everyone could digest the news, the board of directors of Qingzhou Yingni issued a notice and voted to conduct a private placement of 15% of the shares of Changjiang Industrial. Changjiang Industrial also became the major shareholder of Qingzhou Yingni and entered the board of directors.
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In other words, Li Chaoren has entered the stage.
After seeing the news, Lei Yunrong and James Caan broke the cups in their offices at the same time and cursed:
"Fight on the street!"
Chapter completed!