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Chapter 534: The news leaked, let Citibank hold on first!
After Citibank confirmed that Lin Haoran wanted to continue acquiring shares in Toyota Motor, it continued to negotiate with the four companies.
The next afternoon after the phone call with Lin Haoran, Citibank brought great news.
The first fund company finally gave in and eventually sold all of its 5% Toyota Motor shares at a price 2.42% below the market price.
On the fourth night, an investment company bowed its head again and finally sold all of its 5% Toyota Motor shares at a price 1.62% below the market price.
On the fifth and eighth day, the remaining two fund companies finally bowed their heads and sold all the stocks they held.
At this point, Lin Haoran's account had a total of 7.96% of Toyota Motor shares added, and he actually controlled 18.07% of the shares, truly becoming Toyota Motor's largest shareholder.
For this purpose, Citibank spent a total of 2894.6 billion yen, which is equivalent to about 72 billion Hong Kong dollars in Hong Kong dollars.
This is undoubtedly the company in which Lin Haoran has invested the most acquisition funds in the past two or three years.
Even when Lin Haoran acquired the Jardine Matheson Group before, the amount of money he spent did not reach this scale.
In fact, for Lin Haoran, in the process of acquiring the Jardine Matheson Group, the funds he personally invested directly were less than 5 billion, and the rest was naturally obtained by making money out of nothing.
72 billion Hong Kong dollars, but in the end, he only got less than 20% of the shares. This is enough to show how high the market value of Toyota Motor is.
However, the amount of money Lin Haoran paid was already much lower than the market price.
When Lin Haoran started to plan Toyota Motor's investment, its total market value was as high as 16860 billion yen. If converted into Hong Kong dollars, the total market value would be around 421 billion Hong Kong dollars. This market value is equivalent to the total market value of two Huifeng Banks.
Now, after more than a month, Toyota's stock price has fallen a lot, especially on April 4, when the Speaker of the U.S. House of Representatives delivered a speech, which caused Toyota's stock price to fall further.
Although the stock price has occasionally rebounded under the manipulation of the Japanese consortium, it is now only around 16330 billion yen, a drop of more than billion yen compared to more than a month ago.
"Mr. Lin, we, Citibank, have lived up to everyone's expectations and finally acquired all the shares of these companies." At the Japanese headquarters of Citibank, Yasuya Kawai said with a smile to Lin Haoran who visited today.
"This is also the reason why I came here. Your Citibank is worthy of being my best partner, Lin Haoran. You have not disappointed me. This cooperation is very pleasant. I wonder if there are any other acquisition targets?" Lin Haoran said with a smile.
"Mr. Lin, you have now become the largest shareholder of Toyota Motor. Are you still not satisfied? Are you really planning to acquire Toyota Motor?" At this moment, Kawai Yasuya was shocked again.
Originally, he thought that after acquiring the 18.07% stake, Lin Haoran should be satisfied, and Citibank would have successfully completed the mission.
But unexpectedly, the other party was still not satisfied.
"Of course not. I am purely optimistic about the future of Toyota and have no intention of acquiring it. I just want to increase my holdings as much as possible while the stock price of Toyota is not too high now." Lin Haoran shook his head.
Although Yasuya Kawai is the general manager of Citibank's Japan branch, he is also a Japanese and naturally knows the status of Toyota in Japan.
If Lin Haoran wants to acquire Toyota, he will most likely fail.
But Lin Haoran's insatiable ambition did shock him.
At this moment, after thinking for a while, he shook his head and said, "Mr. Lin, to be honest, most of the fund companies or investment companies that want to sell have been sold. You also have the shareholder list of Toyota Motors. You should know that we have taken over nearly one-third of the major shareholders on that list.
There are also several fund companies that have no intention of selling. Apart from the fund companies, the rest are either large conglomerates or chaebol families, and they are simply not likely to sell. "
"In that case, then forget it. However, I hope that Citibank will continue to buy shares for me in the stock market without raising the share price. I hope that before May, my shareholding in Toyota Motor will reach 20%. Is this request not excessive?" Lin Haoran said with a smile.
Now, Citibank has acquired 18.07% of the shares for him, which is only 20% short of 1.93% of the shares. There are more pending orders than buying orders in the secondary market now, so increasing holdings is a piece of cake.
"20%?" Yasuya Kawai repeated it with a murmur.
"That's right, as long as it reaches 20%, I will stop buying more shares. My goal has been achieved." Lin Haoran said with a very certain smile.
He knows very well how Toyota will develop in the future and has no need to worry at all.
Therefore, for Lin Haoran, the more shares of Toyota Motor, the better.
However, considering various factors, he finally chose to set his maximum target at 20%.
Now, since there are no fund companies that can be negotiated with, Lin Haoran's attention naturally turns from these fund companies to the secondary market.
Today is April 4th and there is only one week left until May.
In the end, there is not much time left for layout.
While there is still some time, it would be better to let it exert its remaining heat and continue to increase his holdings in Toyota Motor through the secondary market.
When Lin Haoran was discussing this transaction with Citibank, he was thinking of completing it all through the secondary market.
Fortunately, Citibank's connections in Japan did not disappoint him. It was able to increase its stake in Toyota Motor by acquiring fund companies and investment companies, and it did not affect Toyota Motor's stock price at all. Kawai Yasuya thought about it and finally agreed to Lin Haoran.
There is not much difference between 18.07% of the shares and 20% of the shares. Since the customer has this request, there is naturally no need to stop it.
"Okay, Mr. Lin, I will try to have our team help you increase your shareholding to 5% before May!" Yasuya Kawai said solemnly.
"Thank you for your trouble!" Lin Haoran laughed.
It was a very wise decision for him to establish a good relationship with Citibank.
Without the help of Citibank, his layout in the United States and Japan would not have been so smooth.
After chatting with Kawai Yasuya for nearly half an hour, Lin Haoran said goodbye.
Originally, Lin Haoran thought that he could just survive smoothly until May and wait for the time to close the net.
But on the second day after leaving the headquarters of Citibank Japan Branch, Lin Haoran received bad news.
As the saying goes, paper cannot contain fire.
No matter how confidential Citibank is, it cannot prevent the fund companies that have already sold their shares from revealing the matter.
Toyota Motor's top executives eventually learned about Citigroup's frantic purchase of Toyota Motor shares over the past month.
When Toyota's top management learned about this, they were shocked and quickly contacted all the major shareholders one by one.
In the end, it was discovered that 8 fund companies, private equity companies, and investment companies had sold their shares to Citibank.
The shares involved here are as high as 18.07%!
In other words, Citibank secretly became a major shareholder of Toyota Motor?
The consultation call soon came to Yasuya Kawai's office.
After receiving the other party's question, Kawai Yasuya smiled bitterly.
The contract that Lin Haoran signed with Citibank required Citibank to conceal this matter.
But now, the truth cannot be hidden, and the news has been leaked.
On the one hand, customers’ privacy cannot be disclosed, and on the other hand, Citibank cannot bear the blame.
This matter involves serious matters and is no longer something that a small branch manager like him can decide.
He quickly called Walter Reston, chairman of Citibank, and told him the details of the leak.
After thinking for a while, Walter Reston said directly: "You should discuss this matter with Mr. Lin. You must not disclose Mr. Lin unless you have no choice. Otherwise, our future cooperation with Mr. Lin will be seriously affected, and our reputation will also be affected. Do you understand what I mean?"
Kawai Yasuya immediately replied: “Yes, Mr. Walter, I understand. I will communicate with Mr. Lin as soon as possible to see what he thinks about this matter.”
After hanging up the phone, Yasuya Kawai immediately contacted Lin Haoran and told him that Toyota Motor's senior management already knew about Citibank's acquisition of shares, and that Citibank was now under pressure from multiple Japanese financial groups.
After listening to this, Lin Haoran was silent for a while, and then said: "This matter is indeed a bit tricky. Mr. Kawai, how about this, you help me conceal this matter first, and you don’t have to conceal it for long, a week is enough, how about it? After a week, you can reveal that I am the man behind the scenes!"
Japan and the United States have different opinions in multiple rounds of US-Japan automobile trade negotiations.
In the end, the negotiations ended with Japan taking the initiative to make concessions and the United States also making appropriate concessions. The final result of the negotiations was announced on May 5st.
Now, there are only 6 days left.
So, it was enough for Citibank to keep it secret for him for a week.
After the final negotiation results are announced, he can start to slowly sell his shares.
By that time, even if the news that he was the man behind the scenes was known to the consortium behind Toyota, what would it matter?
As for now, it is not appropriate to announce it for the time being. He does not want Toyota’s stock price to deviate from his expected track because of his own affairs.
At this moment, the most important thing is to keep a low profile.
Anyway, we have the big boss Citibank to support us.
With Citibank's influence, it shouldn't be difficult for it to be his scapegoat for a week. (End of this chapter)
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