Hong Kong 1980: The Savage Era

Chapter 327 328 [The listing boom is coming]

the next morning.

All major newspapers published the latest announcement from Wing On Group, rejecting the proposal of AMG to send directors to the board of directors of Wing On Group, claiming that AMG wanted to use this opportunity to contact the directors for acquisition.

In response, Aimego refuted this in the morning, saying that this was stipulated in Hong Kong's Company Law and that if Wing On Group refused, it would be breaking the law. The company has already appealed to the SFC and the Securities Commission, demanding that Wing On Group abide by the law.

As a result, the two sides began to shout at each other from a distance and engage in a war of public opinion, which had some of the flavor of the 72 Niu Battle.

Liu Luanxiong attacked Wing On Group, starting with its operations, management and profitability, to prove that Wing On Group could no longer remain in the hands of the Guo family, otherwise it would lead to chronic poisoning of Wing On Group and the ultimate losers would be the majority of shareholders.

If Wing On Group falls into his hands, it will be redeemed, and its scale and management methods will be completely renewed. Liu Luanxiong also promised that the turnover in the first year will increase by 50%.

Naturally, the Guo family would not sit idly by and wait for death. While dealing with Liu Luanxiong, they allowed securities companies to absorb the group's shares.

On the 4th day, Aimego announced a full acquisition of Yongan Group and hired securities expert Liang Botao as consultant and spokesperson. The acquisition price was 13.2 yuan, an average premium of 2%.

This price is 6.2 yuan higher than the price when Liu Luanxiong acquired the shares of Wing On Group held by Overseas Chinese Bank, almost doubling.

Such a price also caused a lot of discussion in the market. Since this is Liu Luanxiong's second real sniping attack, many people believe that Liu Luanxiong really wants to acquire Wing On Group and carry out a "snake swallowing whale" operation.

As a result, small shareholders were unwilling to sell and waited for the Guo family to return the price.

It is indeed stupid to sell stocks at this time. If you have money but don't want it, what else can you be but stupid?
Unfortunately, the small shareholders have forgotten that the Guo family directly and indirectly controls 43.77% of the shares of Wing On Group, which is very close to 50%, and Liu Luanxiong himself is at a disadvantage.

However, the Guo family made a series of stupid moves. They only engaged in a war of words in response to Liu Luanxiong's aggressiveness, but did not take any practical action, such as launching a counter-takeover.

This also made Liu Luanxiong's momentum even stronger. Most shareholders believed that the Guo family could not afford a takeover war and their strength was far less than before. They were more convinced that Liu Luanxiong would become the new owner of Wing On Group.

"Mr. Liu, the Guo family hasn't reacted much. Do you really want to acquire the Yongan Group?" Luo Qihong took a sip of tea and smiled faintly, with shallow dimples on his cheeks.

According to the current acquisition price, if Liu Luanxiong really wants to acquire Wing On Group, he will have to pay at least 6 million yuan, and this price may exceed 10 billion yuan at any time.

You have to know that the market value of Aimego is only a few hundred million, and the total price paid may be the value of three Aimego companies.

It seems to be a good deal, but in reality it is fraught with dangers and can easily lead to bankruptcy.

Luo Qihong naturally would not spend so much money to help Liu Luanxiong, so his questions had some meaning of admonition.

Liu Luanxiong laughed and said, "I don't really want to acquire Wing On Group. Apart from the properties in Central and Tsim Sha Tsui, all other properties of Wing On Group are garbage. It is basically useless to acquire this company. Instead, it is a burden to me now."

"Then at what price do you plan to start selling?" Luo Qihong glanced at Liang Botao beside him.

Originally he didn't want to get involved in this matter, but he was also afraid that Liu Luanxiong would use his money to do something big.

"It is expected to be 15 yuan," Liu Luanxiong replied.

Luo Qihong knocked on the table and said, "Be careful. The Guo family holds such a high stake. If they really acquire enough shares at any cost, you will probably earn even less."

It would be a lie if Liu Luanxiong said he was not worried, but with huge profits and reputation supporting him, he still wanted to make a big fortune and lay some foundation for the next project.

"Let's give it a try. It all depends on this one chance whether we get to eat porridge or rice." Liu Luanxiong said firmly.

"Okay, I also believe that Mr. Liu will be successful." Luo Qihong raised his teacup towards Liu Luanxiong and said with a smile.

Liang Botao on the side thought that Liu Luanxiong was a little crazy, but with Luo Qihong's support, he seemed to feel more secure than many people.

After many collaborations, Liang Botao has guessed the height that Luo Qihong has reached now, with a net worth of at least 10 billion yuan.

"According to the current information, the funds raised by the Guo family members can only acquire 3% of the shares of Yongan Group, and Yongan Bank is shaky and has no extra power to feed back to Yongan Group. Liu Sheng's 15 yuan target is very likely to be achieved." Liang Botao said. With Liang Botao's guarantee, Luo Qihong felt relieved. After all, Liang Botao's ability was there, and even if there was a gap, it would not be too big.

If the shares are sold at 15 yuan per share, Liu Luanxiong can make a profit of nearly 4 million yuan, and Luo Qihong can get 6% of it, which is 2 million yuan. It is really a huge profit.

As Liu Luanxiong expected, on the 7th day, the share price of Wing On Group soared to 15 yuan, so Liang Botao began to secretly sell stocks to recover funds.

But even so, Liu Luanxiong's side still did not forget to continue the "war of words" with the Guo family, irritating the nerves of shareholders.

Many financial magazines have analyzed this acquisition battle and believe that Liu Luanxiong will use his ultimate move in the end to exchange new shares of Aigo for Wing On Group shares held by small shareholders. Such tactics have been used many times by companies such as Hutchison Whampoa and are already very mature.

Such tactics require small shareholders to have the degree of trust in the company and the consortium. The Hong Kong Land Development can certainly withstand the test, but the newly established AMG has only been in operation for 8 or 9 years and may not be able to achieve such an effect.

Guo Zhiquan and others are not just sitting there to do nothing. I heard that they have raised 2 to 3 million yuan in funds from other places and are preparing for a counter-takeover. They have also bribed a number of newspapers to help speak well of them in order to delay time.

Return to the Luo family villa.

Luo Qihong planned to leave after dinner and go to his residence in Mid-Levels, but he couldn't feel at ease even at the dinner table.

"I heard that the battle for the Wing On Group, which has been the hottest topic recently, was supported by you, Hong. Is this true?" Chen Yusan held the rice bowl and put small bites of food into her mouth.

"Well, it has something to do with me." Luo Qihong replied indifferently.

He basically guessed what Chen Yusan meant. She wanted to ask why she didn't tell them so that they could make some money?

Seeing that Luo Qihong didn't want to talk more, Chen Yusan could only change the subject, "The company's listing is almost over, and we are a little confused now. Can you give me some advice?"

Luo Qihong took a bite of the dish and said with a strange look on his face, "Just listen to the securities company. Generally there won't be any big problems. I'll transfer the shares I hold to my dad and mom later."

"That's not what I mean. Securities companies are always outsiders. You have been involved in so many company listings and acquisitions. Your experience must be much better than theirs," said Chen Yusan.

Luo Qihong still didn't want to pay more attention to it. "Just take your time. Being too anxious will only make your foundation unstable."

The atmosphere at the dinner table dropped again. Luo Qixing, the instigator, certainly didn't dare to say anything. If he hadn't acted on his own and colluded with everyone, there wouldn't be the situation today.

It seems that Luo Qihong is unwilling to care about the affairs of Shengyun Real Estate Company.

After dinner, Luo Qihong left on the pretext of having a social engagement.

Guan Jiahui is pregnant, so he has to spend more time with her. In addition to the things going on at home, it is already very good for him to come back for a meal.

"Oh!" Lin Ya sighed and left the table sadly.

The eldest son is really not a decent person. He does things secretly and acts like he is making a fortune in silence. How can this ease the relationship?

Mid to late August

Yulang International Group Co., Ltd. publicly offered 1.18 million shares at a price of HK$5 per share and was listed on the Far East Exchange, raising HK$9 million.

Seeing that Yulang International had successfully gone public, Wong Yuk-lang became very excited. He sent out invitations widely and held a cocktail party. Every guest who attended received a set of more than a dozen comic books and cartoons published and distributed by Yulang International.

The opportunity for Yulang International to go public is neither good nor bad. The Hang Seng Index is rising sharply at this time, so the stock price will naturally not lag behind, and the market value may exceed 10 billion yuan.

Cheng King-han considered Yuk Long International to be his rival, and unwilling to fall behind, he followed suit and went public. However, since it was a backdoor listing, he could not make money as quickly as Wong Yuk Long, but he still received a lot of funds.

A few days later, the news was announced to the public that the Paramount Newspaper Company was in contact with the Overseas Chinese Daily and was preparing to acquire it as the company's foundation.

(End of this chapter)