In Hong Kong, we build a global business empire

Chapter 119: Take the opportunity to reap the leeks

In recent times, affected by the market turmoil caused by global oil price fluctuations, stock market trading volume has declined significantly, and investors are generally cautious and dare not act easily.

However, when an investment opportunity advertised as "guaranteed profit" quietly emerges, people's vigilance instantly collapses and they plunge into it without hesitation.

Unexpectedly, this seemingly sure-win opportunity turned out to be a big pit.

After obtaining the necessary information, the TVB reporters and the Oriental Daily reporters left the CSRC office building in joy.

In the news that evening, TVB took advantage of the popularity and quickly broadcast the edited video through the news.

Although the news article is not long, it is concise and covers all the core points.

For example, there is a detailed interview with Lin Haoran and an interview with the Chairman of the China Securities Regulatory Commission, Mai Si.

At this point, everyone finally knew who caused this farce.

For a time, the names of the five British people were pushed to the forefront and became the targets of criticism from investors. Their behavior aroused widespread anger and dissatisfaction.

"You ate shit, you foreign devil!"

"There are 7 foreigners from the Li Gang. They are really rich!"

"Fangui, I'm going to hit your lungs and poke your mouth!"

"Fuck you, you bastard! If I don't see you, I'll beat the kid right away!"

……

Curses and curses echoed in every corner of Hong Kong.

The next morning, with the publication of Oriental Daily, investors were able to obtain the most detailed interpretation of the incident.

Compared with the fleeting nature of television reports, the advantage of newspapers lies in their detailed content that can be consulted repeatedly and their graphic presentation.

Lin Haoran's share transfer contract is clearly visible, revealing the high cost behind his acquisition and the helplessness of selling shares. It is convincing with pictures and text.

At the same time, the letter of complaint disclosed by the Chairman of the China Securities Regulatory Commission was also published in the newspaper, which completely exposed the real mastermind behind the turmoil and allowed the public to have a clearer understanding of the ins and outs of the incident.

Everyone knew at this point that Lin Haoran had been misunderstood, and this matter could not be blamed on Lin Haoran at all.

It’s all because of these damn foreigners.

The streets and alleys of Hong Kong are filled with discussions.

Especially in the stock exchanges, many investors who fell into the trap were discussing this matter.

However, there was no point in discussing it. After all, they couldn't possibly cause trouble for those foreigners because the consequences were beyond their ability to bear.

At this moment, both Lin Haoran and CSRC Chairman Mai Si breathed a sigh of relief. After all, they did not want to become the target of public criticism.

Lin Haoran's initiative to reduce his shareholding ratio made it impossible for the CSRC to find a reason to continue putting pressure on him.

After the stock exchange opened, the number of pending orders of Qingzhou Yingni Company not only did not decrease, but increased instead.

As for trading volume, there is basically not much.

People or consortiums with capital look down on companies that are already controlled. Even if they enter the market, they cannot compete for controlling rights, so why bother getting involved?

In addition, now is the early stage of the oil crisis, and everyone believes that there may be a bear market in the future, making it even more impossible to enter the market with large funds.

Investors with a little bit of financial resources are even more reluctant to buy, after all, there are too many rumors in the market.

Most of these rumors are not optimistic about the future of Qingzhou Yingni Company.

Buying when you are not optimistic is tantamount to seeking death.

Therefore, Qingzhou Yingni’s stocks began to be in a very embarrassing situation.

Lin Haoran has already instructed Su Zhixue to check the stock market of Top Qingzhou Yingni Company and report to him promptly if there is a large purchase.

He now controls 49.9% of Qingzhou Yingni shares and is not afraid of having his controlling stake snatched away.

However, if a large number of stocks are being absorbed, he must pay attention.

At ten o'clock in the morning, Lin Haoran appeared in the conference room of Qingzhou Yingni Company.

At this moment, besides him, there were five foreign shareholders and three Chinese shareholders in the conference room.

At this moment, all the shareholders' eyes are focused on Lin Haoran.

"Mr. Henry, I'm very curious why you reported me. I originally held these stocks well, but your report forced me to sell off my shares and I was scolded by shareholders. If I hadn't accidentally seen the interview with Mr. Max in the Oriental Daily, I would still be kept in the dark and not know that the whistleblower was you guys. I believe that I have no grudges with you, so this action is really hard to understand." Before everyone could say anything, Lin Haoran started to attack!
As he spoke, Lin Haoran raised the Oriental Daily in his hand. The newspaper displayed a photo of the letter of complaint. On the letter, the joint signatures of five British shareholders were clearly visible.

The five British shareholders looked at each other, seemingly searching for a suitable explanation.

But obviously, this is really hard to explain.

As Lin Haoran said, he did not have any grudges with these shareholders, and their behavior was undoubtedly unwarranted trouble.

The most important thing is that this matter was never discussed with Lin Haoran.

As for the three Chinese people, they secretly breathed a sigh of relief. Fortunately, they did not participate in this incident. It was not until the five British people came to them that they found out that they were the ones who did it.

"Mr Lin, please allow us to express our apologies. The reason we took this action was originally to promote the privatization process of Qingzhou Yingni Company.

Given your large holdings in the company, we mistakenly assumed that you had similar interests and that we were trying to get you to consider acquiring our shares in order to achieve our common goals.”

Eventually it was Mr Henry who stepped forward and tried to explain their motives.

However, such an explanation seems pale and powerless.

However, Lin Haoran originally did not intend to dwell on this issue. He said this only to give them a warning.

"Okay, I won't mention this matter anymore. Mr. Henry and my colleagues here, I wonder why you called me to convene this meeting?" Lin Haoran said bluntly.

"Mr. Lin, I saw in the newspaper that you said you planned to privatize Qingzhou Yingni in the future. That's perfect. If you are willing, we can sell all the shares we have to you." said a Chinese shareholder.

"Mr. Lin, if you can successfully achieve this goal, you will not only make history and become the first Chinese entrepreneur to privatize a British-listed company, but you will also leave a strong mark in the Hong Kong business community and become famous." Another Chinese also said with a smile.

Mr. Henry followed closely and expressed his full support for Lin Haoran: "After discussion, we all agree that as long as Mr. Lin has this intention, we will support you without reservation, and every shareholder here will be your solid backing."

"Yes, now that the stock price is so low, it is really the best time to privatize the company. If you miss it, the cost of privatizing Qingzhou Yingni Company in the future may be much higher." Another British shareholder also said.

"Controlling 100% of the shares means that you will have full dividend rights in the company and no longer need to share profits with other shareholders. Considering the potential and future prospects of Qingzhou Yingni, this is undoubtedly a very cost-effective investment. The benefits of privatization will be multifaceted and difficult to estimate." A Chinese shareholder sitting at the end also said something very tempting.

……

The eight shareholders took turns to launch attacks on Lin Haoran, as if they were carefully preparing a dose of love potion that made it difficult for him to resist.

After waves of lobbying, Lin Haoran finally realized that the real purpose of this meeting was not to discuss the company's future plans, but that these shareholders were eager to sell their shares to him.

This was exactly what he wanted, as he had been thinking about how to acquire these shares at a lower price.

Now, these shareholders actually came to us on their own initiative, which is simply a godsend!

"God is really helping me!" Lin Haoran thought to himself, "These shareholders seem to be really anxious to get out. In that case, why don't I take this opportunity to reap some of the profits?"

"Everyone, you should have watched the news. I have told the reporters truthfully that I do not have the ability to privatize Qingzhou Yingni Company at the moment. Privatizing the company means that I will have to spend hundreds of millions of dollars.

So I'll just be a controlling shareholder. I believe that with my business acumen, Qingzhou Yingni will make a lot of money in the future. When I have enough funds, I will privatize the company. "Lin Haoran said helplessly.

Of course he wouldn't agree to them so easily.

“But if Qingzhou Yingni has high profits every year in the future, its shares will also rise sharply. At that time, it will be very difficult for you to privatize the company. Don’t you have a sum of money on hand? You can easily buy out the shares of all our shareholders.

Once you have secured our shares, although you will then announce the start of privatization, the difficulty of privatization will be greatly reduced without the hindrance of us shareholders.

What's more, after buying our shares, it is not difficult for you to acquire shares in the market. You can take the loan route. With your ability, Mr. Lin, and the potential of Qingzhou Yingni, I believe that this loan can be repaid soon through the company's profits!" Henry continued to tempt.

"It sounds like a good suggestion," Lin Haoran nodded slightly, as if he was really convinced.

He looked around at the shareholders present. Everyone had a slight smile on their face, and they were obviously satisfied with his reaction.

"So, how much do you hope for the shares to be sold for?" Lin Haoran deliberately threw the question back to them, but he already had a plan in mind.

Everyone looked at each other, with a smile on their faces. It would be easy if we were moved.

Henry smiled and said, "Mr. Lin, we have discussed this before and believe that HK$5 per share is a fair and reasonable price. All of us shareholders present here hold a total of 24.1% of the total shares, and we are willing to transfer them to you at this price."

Deep down, they actually hope to sell each share at HK$6, or even higher, but reason tells them that such expectations are unrealistic in the current market environment.

Therefore, after some consideration, they believe that being able to trade at a price of HK$5 per share is already a pretty good choice.

After all, as shareholders of Qingzhou Yingni, their initial investment cost was not high. Now that they can cash out at such a price, it is undoubtedly a considerable profit for them.

However, how could Lin Haoran do as they wish? He was determined to reap the benefits of this wave of profits.

(End of this chapter)