Reborn Xiangjiang as a Tycoon

Chapter 311 Acquisition of Qingzhou Yingni (5)

On Monday, as Lin Baicheng announced that he had become the largest shareholder of Qingzhou Yingni and would no longer acquire shares, the stock price of Qingzhou Yingni immediately fell sharply, from more than 3 Hong Kong dollars to below the price of 2.5 Hong Kong dollars.

The reason why the stock price fell so much is because the Hang Seng Index was still falling. The expected takeover war did not appear, and the market conditions were not good, so the stock price naturally collapsed.

However, when the stock price fell below HK$2.5, Lin Baicheng asked Anyuan to arrange for someone to buy the stock of Qingzhou Yingni. This time, he bought it slowly and tried to buy as much as possible without raising the stock price.

stock.

Although there is already an agreement with Li Jiacheng, after acquiring Li Jiacheng's shares, Lin Baicheng's shareholding is close to the 49.99% line. If he buys stocks now, without a full acquisition, he will only be able to hold the shares at most in the end.

The shares are 49.99%.

However, buying stocks now is not without benefits. If a full acquisition is to be carried out, the more you buy now, the smaller the price you will pay when the full acquisition is completed. Even if you do not carry out a full acquisition, there is no point in increasing your holdings when the stock price is low.

The disadvantage is that after all, Lin Baicheng wants to acquire it from Li Jiacheng at a price of 3 Hong Kong dollars per share. The more shares he buys at low prices now, the less he will need to acquire from Li Jiacheng, and he can spend less money.

The time limit that Lin Baicheng gave Guro Kane was until Thursday, but on Tuesday, Guro Kane contacted Lin Baicheng and informed Lin Baicheng of the decision of the entire Kane family.

The Kane family is willing to give up control of the company and sell its shares, but they feel that the price of HK$3 per share is too low. The company is the hard work of the Kane family and should be

Worth more money.

After some consideration, Lin Baicheng arranged for Liao Siren to negotiate with Guro Kane. His base price was 3.3 Hong Kong dollars per share. Above this price, he was not prepared to carry out a full acquisition. After all, as long as he could get the Hung Hom land, plus

He controls the cement company Qingzhou Yingni, and it doesn’t matter whether the company acquires it in full or not.

Because the two parties were negotiating on the price, Lin Baicheng did not immediately take over the shares of Yingzhou Yingni. While letting Liao Siren negotiate with Guro Kane, he asked Anyuan to acquire the shares of Yingzhou Yingni in the stock market.

A two-pronged approach.

After two days of negotiations, the two parties reached a deal.

Lin Baicheng acquired 28.6% of the shares of Qingzhou Yingni held by the Kane family at a price of HK$3.2 per share, which is 14.3 million shares, totaling HK$45.76 million.

The two parties had just negotiated the deal for the time being, but did not conduct a formal transaction immediately. Instead, Liao Siren and Guro Kane, with the help of Guro Kane, also acquired several shares of the company at a price of HK$3.2 per share.

7.6% of the shares held by a small shareholder.

After reaching an agreement with the small shareholders, all transactions were carried out together. A total of 36.2% of the shares, 18.1 million shares, were purchased by Lin Baicheng at a price of HK$3.2 per share, which cost HK$57.92 million.

"Mr. Kane, happy to work with you!"

After the two parties formally signed the equity transfer contract, Lin Baicheng shook hands with Gu Luo Kane in the conference room of Qingzhou Yingni.

"This is just a last resort choice."

Guro Kane shook hands with Lin Baicheng with a wry smile. The Kane family has decided to return to the UK for development, so he does not need to lick his face to express that this is a happy cooperation. It is happy for Lin Baicheng, and it is happy for the Kane family.

Not anymore.

"I will have to trouble Mr. Kane for the subsequent handover work."

Lin Baicheng smiled nonchalantly, after all, he was the winner.

"Don't worry, I will cooperate."

Of course Guro Kane will cooperate, because Lin Baicheng has only paid 70% of the share transfer fee now, and the rest will be paid within half a year. The sooner Lin Baicheng takes control of Qingzhou Yingni Company, the sooner the remaining amount will be paid to

he.

More than half an hour later, Lin Baicheng hosted Li Jiacheng and his party in Yingni, Qingzhou.

"Li Sheng, I have acquired all the shares from the Kane family and other small shareholders. Now I hold 75.3% of the shares, which is enough to launch a comprehensive acquisition of Qingzhou Yingni Company. Now I have control of the company.

It’s in my hands.”

Lin Baicheng acquired 36.2% of the shares from the Kane family and other small shareholders. He acquired 3% of the shares in these days, increasing the original shareholding to 39.1%. The two combined reached 75.3% of the shares.

At this moment, even if Li Jiacheng violates the agreement and does not sell his shares to Lin Baicheng, Lin Baicheng, who holds more than 75% of the shares, has completed the full acquisition of Qingzhou Yingni Company.

After that, Lin Baicheng will conduct a compulsory acquisition of the remaining shares at the highest stock price of Qingzhou Yingni on a certain day in the last six months. The remaining shareholders can either choose to sell their shares at the highest price in six months, HK$3.28.

For stocks, either choose Lin Baicheng to be a long-term minority shareholder after privatizing and delisting Qingzhou Yingni.

It’s hard to say when shareholders of such delisted companies will see profits. The problem is that the invested money cannot be sold for cash at any time like listed companies. If Qingzhou Yingni Company becomes worthless in the end, then the investment

Money also becomes worthless, so when a takeover occurs, the remaining shareholders usually sell their shares.

"Then I have to congratulate Lin Sheng here!"

Li Jiacheng was a little surprised. After congratulating him, he said, "Then I wonder if the agreement between you and me is still effective?"

"Of course it worked!"

Lin Baicheng responded with a smile.

"If you say that, Lin Sheng, then I'll feel relieved."

Li Jiacheng had no intention of going back on his word, and he did not even ask for or counter-offer, allowing Lin Baicheng to purchase his shares at the highest price of HK$3.28.

Lin Baicheng and Li Jiacheng only verbally confirmed that the agreement had not changed. They did not proceed with the transaction immediately because Lin Baicheng was not yet the chairman of Qingzhou Yingni Company and had not yet obtained control.

Next Monday, Jinzhou Yingni Company will hold a shareholder meeting and board of directors. At that time, Lin Baicheng will be elected as chairman of Jinzhou Yingni. At the same time, members of the Kane family will resign from the board of directors, truly giving up control of the company.

right.

Although he has not yet truly obtained control of Qingzhou Yingni, at noon that day, Lin Baicheng announced the launch of a comprehensive acquisition of Qingzhou Yingni in his own name, and fully acquired the remaining remaining shares at a price of HK$3.28 per share.

of shares.

After five trading days, Lin Baicheng will stop the acquisition and delist the Qingzhou Yingni Company. Therefore, shareholders have only two choices, either sell the shares at a price of HK$3.28 per share, or keep holding the shares as a stock.

Long-term shareholder of Yingni Company.

(End of chapter)