Reborn Xiangjiang as a Tycoon

Chapter 307 Acquisition of Qingzhou Yingni (1)

After leaving HSBC, Lin Baicheng did not go to Yum Securities immediately. It was already past three o'clock in the afternoon. At this time, it did not make much sense to acquire a large number of shares of Yingzhou Yingni. On the contrary, if he was not careful, he would cause the controller of Yingzhou Yingni to be involved.

The Kane family is alert.

The next morning.

Lin Baicheng did not go to Hutchison Whampoa, but took his secretary Qin Lan and his bodyguard to Yum Securities.

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

Lin Baicheng originally set his sights on both Yingzhou Yingni and Hong Kong Electric Group. However, unlike Hong Kong Electric Group, which is one of the top ten listed companies in Hong Kong, although Yingzhou Yingni is also a century-old company in Hong Kong, its market value is actually not high.

Just over 100 million Hong Kong dollars.

After all, what Qingzhou Yingni sells is cement. Although there is no need to worry about selling cement due to the boom in real estate, the profit of cement is low, and the market in Xiangjiang is not very big, so in general, the potential is limited, and the market value is not high.

Where has it gone?

Jingzhou Yingni has a total of 50 million shares. As of yesterday's closing price, it was 2.43 Hong Kong dollars. This price is not much different from the 2.28 Hong Kong dollars when Yum Securities began its secret acquisition. If it were converted into a normal investment, it would be almost a year.

Time is wasted. Let alone making money, it’s good if you don’t lose money.

Yum Securities slowly buys some stocks every day so that the trading volume will not change and it will not be noticeable. And by doing this, as the stock price rises, the average cost will also become higher.

Now that the stock price has fallen, the cost price is a little higher than the stock price.

Lin Baicheng originally asked Anyuan to arrange for people to slowly buy the shares of Qingzhou Yingni in order to avoid alarming the Kane family and triggering a takeover war, which would be very costly.

Unexpectedly, Li Jiacheng was also eyeing Qingzhou Yingni, and now he could only cooperate with Li Jiacheng to win the company. Fortunately, Lin Baicheng took the majority, so he could barely accept it.

It would be great if Ying Ni of Qingzhou did not have a controlling family like HK Electric Group. Lin Baicheng could contact the management like HK Electric Group did and gain control easily. The important thing is that the cost is not high.

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

"Once the stock price has a trend of exceeding 3 Hong Kong dollars per share, suppress the stock price. At that time, funds from another party will also purchase and suppress the stock price, so you don't need to pay attention to it."

Lin Baicheng told Anyuan that this was what he and Li Jiacheng had discussed. Before Lin Baicheng officially launched the acquisition of Qingzhou Yingni, they each bought a large amount of stocks to increase their shareholdings, and then Lin Baicheng publicly launched the acquisition.

The acquisition increased their shareholding to nearly 50%.

"Yes, I'll make arrangements right away."

Anyuan agreed upon hearing this and went out to make arrangements.

Although there were funds from Lin Baicheng and Li Jiacheng in the acquisition, as the Hang Seng Index continued to fall, the stock price of Qingzhou Yingni also fell at the beginning. It was not until a large number of the sold stocks were bought by the two parties that the stock price

Then it rebounded.

However, the current stock market situation is not good. The more the stock price of Jingzhou Yingni rebounds, the more people sell. Many people choose to cut their losses or settle for safety. Of course, there are also people who stand still and observe.

Even investors who boldly chase in and buy will also do so.

When the stock price was close to HK$3 per share, the funds from the two parties stopped buying, and there was no selling of stocks for the time being to suppress the stock price. However, after losing the buying funds from the two parties, the selling order above did not have a fund tray, plus

When the stock price approached 3 Hong Kong dollars, it had already risen by about 20%. Naturally, a large number of shares were sold, and the stock price fell without the need for two parties to take action.

When the stock price fell back to a certain price, the two parties' funds 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 HK$3, the two parties stopped buying again, and the stock price continued to rise.

If it falls, if it doesn’t, a large number of sales will push the stock price down.

This went on and on, and the stock price of Qingzhou Yingni that day was in a state of shock, but the trading volume that day was extremely large. Lin Baicheng and Li Jiacheng bought a large amount of shares.

This situation naturally attracted the attention of the Kane family, the controller of Yingzhou Yingni, but this was the first day of a huge change, so all the Kane family could do was to investigate who was buying the company in large quantities.

of stocks.

However, there was no need for the Kane family to investigate, because the next morning, Lin Baicheng announced through several newspapers that he already held 30.3% of the shares of Qingzhou Yingni, and had purchased up to 10 shares at a price of 3.5 Hong Kong dollars per share.

% of total shares.

The reason why they only acquire up to 10% of the shares is because Li Jiacheng already owns a little more than 13% of the shares. In fact, the two people's combined shares have reached 43%, which exceeds the Kane family's shareholdings.

.

However, in addition to the Kane family holding about 30% of the shares, Qingzhou Yingni also has several small shareholders. Therefore, in order to avoid variables in the Kane family's support from these small shareholders, Lin Baicheng and Li Jiacheng decided to

It is best to hold more than half of the shares, so as long as the two of them join forces, the control of Qingzhou Yingni will definitely fall into their hands.

The price of HK$3.5 per share is only about 20% higher than the closing price of Yingni yesterday. However, Lin Baicheng stated that he would only acquire 10% of the shares at most, so some people chose to sell at this price.

Some people want to wait and see, but are not satisfied with this premium.

After the Kane family learned that Lin Baicheng only held about 30% of the shares and purchased only 10% of the shares for HK$3.5, they immediately responded and also purchased 10% of the shares for HK$3.5.

From the Kane family's point of view, although his and Lin Baicheng's shareholdings are similar, the control of Qingzhou Yingni has always been in the hands of their family. Many small shareholders must support them. As long as they acquire a certain number of shares, they

, the total number of shares will be more than Lin Baicheng.

Lin Baicheng, the Kane family, and Li Jiacheng collectively own 70% of the shares, plus about 10% of the shares held by some small shareholders. In fact, there are not many shares circulating 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%, plus Li Jiacheng's slightly more than 13% share, they are enough to gain control of Qingzhou Yingni.

The next morning, Lin Baicheng and his team met Li Jiacheng, and both parties went to Qingzhou Yingni Company together.

(End of chapter)