Reborn as a Hong Kong Tycoon

Chapter 307 Acquisition of Qizhou Yingni ()

After leaving HSBC, Lin Baicheng did not immediately go to Yum Securities.It was already past three o'clock in the afternoon, and it didn't make much sense to buy a large number of shares in Qizhou Yingni at this time. On the contrary, a careless move would alert the Kane family, the controller of Qizhou Yingni.

the next morning.

Lin Baicheng did not go to Hutchison Whampoa, but went to Yum Securities with his secretary Qin Lan and bodyguards.

Lin Baicheng asked Anyuan to continuously acquire the shares of Qizhou Yingni, so Anyuan knew the company of Qizhou Yingni quite well. When Lin Baicheng asked him some questions, he answered them one by one.

Lin Baicheng had his eye on Qizhou Yingni and Hong Kong Electric Group at the same time at the beginning, but unlike Hongkong Electric Group, which is one of the top ten listed companies in Hong Kong, although Qizhou Yingni is also a century-old company in Hong Kong, its market value is actually not high. Just over a billion Hong Kong dollars.

In the end, Yingni in Qizhou sells cement. Although the real estate boom makes it easy to sell cement, the profit of cement is low, and the market in Xiangjiang is not very large. Therefore, the potential is limited in general, and the market value is not high. where it goes.

Qizhou Yingni has a total of 5000 million shares, and the closing price as of yesterday was 2.43 Hong Kong dollars.This price is not much different from the 2.28 Hong Kong dollars when Yum Securities started the secret acquisition. If this is replaced by a normal investment, it is equivalent to nearly a year of playing for nothing.Don't talk about making money, it's not bad if you don't lose money.

Yum Securities buys some stocks slowly every day, so that the trading volume will not change, so it will not be noticeable.And if you do this, as the stock price rises, the average cost will also become higher. When the stock price falls now, the cost price will be a little higher than the stock price.

At the beginning, Lin Baicheng asked Anyuan to arrange for people to slowly buy the shares of Qizhou Yingni, in order to avoid alarming the Kane family and a takeover war, which would cost a lot.

Unexpectedly, Li Jiacheng also had his eye on Qizhou Yingni, and now he can only cooperate with Li Jiacheng to win this company together.Fortunately, Lin Baicheng took the lead, so he could barely accept it.

It would be great if Qizhou Yingni did not have a controlling family like Hong Kong Electric Group. Lin Baicheng could have contacted the management like Hong Kong Electric Group and easily obtained control. The important thing is that the price is not high.

"Anyuan, you arrange people to increase the acquisition of Qizhou Yingni. As long as the stock price does not exceed 3 Hong Kong dollars per share, you will buy them all."

"Once the stock price tends to exceed 3 Hong Kong dollars per share, suppress the stock price. At that time, there will be another party's funds for acquisition and suppression, so you don't need to worry about it."

Lin Baicheng said to An Yuan that this was what he had discussed with Li Jiacheng.Before Lin Baicheng officially initiated the acquisition of Qizhou Yingni, they each bought a large number of stocks to increase their shareholdings, and then Lin Baicheng publicly initiated the acquisition, increasing their shareholdings to nearly 50%.

"Yes, I'll make arrangements now."

An Yuan heard the words and went out to make arrangements.

Although there are funds from Lin Baicheng and Li Jiacheng in the acquisition, when the Hang Seng Index fell as usual, the stock price of Qizhou Yingni also fell at the beginning, until a large number of sold stocks were bought by the two parties, the stock price Only then did it rebound.

However, the current stock market is not good. The more the stock price of Qizhou Yingni rebounds, the more people sell it.Of course, there are also people who stand still and observe, and there are even investors who boldly chase in and buy.

When the stock price was close to 3 Hong Kong dollars per share, the funds from the two parties stopped buying and did not sell stocks to suppress the stock price for the time being.It's just that after losing the buying of funds from both parties, there is no fund tray for the selling above. In addition, when the stock price is close to 3 Hong Kong dollars, it has risen by about 20%. Naturally, a large number of stocks will be sold, and the stock price will fall without both parties. down.

When the stock price fell back to a certain price, the funds from the two parties began to buy again, and the stock price naturally stabilized and even began to rebound.After the stock price rebounded and rose to close to 3 Hong Kong dollars, the two parties stopped buying again, and let the stock price fall. If it does not fall, they will sell a lot to suppress the stock price.

After so many repetitions, the stock price of Qizhou Yingni was fluctuating that day, but the trading volume of the day was extremely large. Both Lin Baicheng and Li Jiacheng bought a large amount of stocks.

This situation naturally attracted the attention of the Kane family, the controllers of Qizhou Yingni, but this is the first day of great changes, so what the Kane family can do is to investigate who is buying the company in large quantities stock.

However, there is no need for the Kane family to check, because on the next morning, Lin Baicheng announced through several newspapers that he already holds 30.3% of the shares of Qizhou Yingni, and bought up to 3.5% of the shares at a price of 10 Hong Kong dollars per share. % of total shares.

The reason why they only bought a maximum of 10% of the shares is because Li Jiacheng already owns a little over 13% of the shares. In fact, the combined shares of the two have reached as much as 43%, which exceeds the shares held by the Kane family. .

However, in addition to the Kane family holding about 30% of the shares, Qizhou Yingni also has several small shareholders. Therefore, in order to prevent the Kane family from gaining the support of these small shareholders, the relationship between Lin Baicheng and Li Jiacheng It is best to hold more than half of the shares, so that as long as the two of them unite, the control of Qizhou Yingni will definitely fall into their hands.

The price of 3.5 Hong Kong dollars per share is only about 20% higher than the closing price of Qizhou Yingni yesterday.However, Lin Baicheng stated that he would only buy 10% of the shares at most, so some people chose to sell at this price, while others wanted to wait and see, and were not satisfied with this premium.

After the Kane family learned that Lin Baicheng only held about 30% of the shares and only purchased 3.5% of the shares at a price of 10 Hong Kong dollars, they immediately responded and also bought 3.5% of the shares at a price of 10 Hong Kong dollars.

From the perspective of the Kane family, although his and Lin Baicheng's shareholdings are similar, the control of Qizhou Yingni has always been in the hands of their family, and many small shareholders must support them. They only need to acquire a certain number of shares. , the total number of shares will be more than that of Lin Baicheng.

Lin Baicheng, the Kane family, and Li Jiacheng together hold as much as 70% of the shares, plus some small shareholders hold about 10% of the shares. In fact, there are not many shares in circulation on the market.

Therefore, neither Lin Baicheng nor the Kane family actually completed the acquisition target that day, and did not acquire as much as 10% of the shares.

However, for Lin Baicheng, who has increased his shareholding to 36.1%, together with Li Jiacheng's 13% more shares, the two are enough to gain control of Qizhou Yingni.

The next morning, Lin Baicheng led his team to meet up with Li Jiacheng, and the two went to Yingni Company in Qizhou together.

(End of this chapter)