Chapter 208: You Need a Thank You for Making Money
"Honey, why don't we change our goal, it's really not possible, first buy a second-tier club and promote it to the top league. I am already a little impatient dealing with these Italians during this period of time.
"Your suggestion is completely feasible, but the problem is that it is not so easy to meet a football club with such a history and located in an influential metropolis like Milan." Tang Huan shook his head, "I believe Me, Milan is not so easy to climb out of this quagmire, we just need to show enough patience, buy as many shares as we can now, and first occupy the position as much as possible.”
After Tang Huan said these words, he murmured to himself that no matter how determined a person is, he will be stunned by Milan, who has been relegated to the second division twice in a row, and thus have doubts about this mess. In the previous life, Berlusconi took over Milan and only spent 20 million US dollars, which can explain this dilemma to some extent.
"Whether foreign capital or not is just a statement. The acquisition of support and trust is nothing more than various promises based on spending money. You just need to perform to your heart's content to create a sense of presence. You can even promise to build a stadium that is completely owned by Milan. I will support you later, not to mention that Greece in the Balkans and Italy in the Apennines are across the sea, so this investment is very worthwhile." Tang Huan continued to point out.
"Okay." Christina nodded obediently.
Tang Huan thought for a while. At present, Maradona is not a football king that people look up to, but a genius praised by the football circle. Instead, you can take advantage of not being introduced by Barcelona. Sign it up first. Anyway, South American players value nothing more than money.
"Didn't the Italian Football Association just open up the foreign aid policy again this year? I'll recommend you a potential Argentine player. Anyway, your family has a lot of business there, so I just want to operate it by the way." Tang Huan took a pen and paper and wrote relevant information.
"I remember." Christina yawned. After she was pregnant, she seemed to become lazy. The squinted eyes are comparable to those of Persian cats.
Tang Huan told her to have a good rest, and he took the time to meet with the European general agent of Xiaobawang Game Console in Paris. Because he was from Christina's side, he couldn't go into details. He just asked about the situation in general, and it was okay. The adventurers who went to Romania to resell parallel imports were finally caught by spending money.
"The Soviet Union gave the green light to the Xiaobawang game console. It is a combination of various coincidence factors. For example, the name of "Tetris" is very pleasing. You should remain cautiously optimistic." Patiently gave some pointers to settle the matter.
This thing is done. Tang Huan stayed with Christina for another half day before leaving for Xiangjiang. It was already the evening of Monday, June 23, and the Chartered Ship King had already returned to Xiangjiang at this time yesterday.
And start planning to deal with the current situation.
Tang Huan saw Zhou Mi in the office, and the other party handed over the cash check with a smile, "According to what you said, I took the initiative to insist on the deal of 90 Hong Kong dollars, and the original investment has already brought back more than 100 million Hong Kong dollars with profits. Yes, and that side is very grateful. According to the agreement, we still temporarily retain 2% of the shares in our hands. It’s worth it, and it is estimated that the total gross profit will exceed 250 million Hong Kong dollars.”
"The money to buy Li's TV is more than enough." Tang Huan snapped his fingers, "There has been such a big commotion in the capital market, and the Hong Kong Securities Regulatory Office has not given an explanation yet?"
"Dry thunder, no rain." Zhou Mi snorted disdainfully, "Didn't the China Securities Regulatory Commission study from the very beginning whether the purchase of Landmark this time violated the Code of Mergers and Acquisitions? As of today, no definite results have been seen."
Tang Huan recalled that in the original time and space, after returning to Xiangjiang on Sunday, June 22, the charter king held a press conference that night, announcing that starting from Monday, it would be a two-day acquisition in cash at HK$105 per share. 20 million Wharf shares, until the quota is full, the condition is not to buy Wharf shares under the name of Jardine and Hongkong Land.
However, Hongkong Land, which was the most advanced game before, has already arranged to deposit the Wharf shares under its name in major brokerage firms and agency companies.
And after the charter king announced the anti-acquisition plan, he received sales calls from major brokerage firms and agency companies expressing their support, and the Bao camp accepted them all in order to fight quickly.
As a result, on Monday, June 23, the purchase of 20 million additional shares by Chartered King was completed in just two hours, with an average acquisition of 160,000 shares per minute. However, only a small number of small shareholders of Wharf successfully sold Out of its own shares, Hongkong Land's Golden Cicada successfully escaped its shell.
On Tuesday, June 24, Hongkong Land announced that it only held 13 million Wharf shares. After the failure of this additional purchase, the final battle for Wharf came to an end, and Wharf resumed trading normally the next day.
However, Hongkong Land still held more than 23 million shares of Wharf shares on June 16, which means that it secretly sold 10 million shares and cashed out 1.05 billion Hong Kong dollars in the stock increase operation of the charter king on Monday.
You know, the average purchase price of this batch of stocks is 37.5 yuan, and the sale price is 105 yuan, which means a profit of nearly 700 million yuan.
Yihe Zaibao Chuanwang's knife is a frenzy. In comparison, Tang Huan only made more than 200 million yuan, so he seems more humane, and it is not an exaggeration to say that he has peace of mind.
However, after the success of the additional purchase, Charter King also encountered a problem.
At that time, Paragraph 3 of the Comprehensive Regulations of Xiangjiang's "Merger Code" stated that the major shareholder with controlling power shall, within the scope of possibility, purchase the shares of other shareholders at a price not lower than the highest price proposed six months before it gained control. stock.
That is to say, the charter king should buy Wharf shares from all other shareholders at a price of 105 yuan in this incident.
Therefore, people have been arguing over whether Charter King’s announcement to buy only 20 million Wharf shares until the quota is full is “fair treatment of all shareholders” and whether it violates the spirit of the “Merger Code”.
The Securities Regulatory Office, which had previously discussed whether Hongkong Land's additional purchases violated the "Mergers and Acquisitions Code" but failed to reach a result, also held a meeting to discuss the anti-acquisition actions of Chartered King, and finally issued a statement to the press.
After purchasing 20 million Wharf shares, Chartered King has obtained control of Wharf shares, but Chartered King does not meet the principle of “treating all shareholders fairly” in point 3 of the Code on Mergers and Acquisitions.
Therefore, the committee suggested that Charter King should at least propose a "partial acquisition" to shareholders of Wharf at a price of 105 yuan per share, and should not use the voting rights obtained by purchasing additional shares many times.
Obviously, this move is unfair, because when Hongkong Land proposed additional purchases, the Securities Regulatory Commission did not point out that this code should be paid attention to, but Charter King raised this point after completing the anti-acquisition, which is suspected of favoring one over another.
As a matter of fact, if Charter King is to "obey the principle of "treating all shareholders fairly", the funds involved will be as high as 6 billion Hong Kong dollars. At that time, this figure was impossible to achieve.
Regarding the statement issued by the Securities Regulatory Office, Chartered King notified the Securities Regulatory Office through Huodoli that he had no intention of making a proposal to fully acquire the shares of Wharf. As a result, the parties concerned did not take any further action, and the matter was left alone.
In addition, some people think that HSBC may have violated banking regulations in this acquisition, because banking regulations at that time stipulated that unsecured loans to a private company or bank director’s family could not exceed a certain limit, but later Xiangjiang officials clarified related questions.
In this way, the battle for shares in Wharf was completely over amidst these clamors.
These facts seem to show that the fairness emphasized in the capital market is just a signboard.
In this time and space, due to the intervention of Tang Chang, the charter king who has obtained most of the stocks at a price of less than 100 Hong Kong dollars, did not purchase an additional 20 million shares on Monday, June 23, which is today. The action was just to buy about one-third or a few million shares at a high price in private. Although it didn't take two hours, it was over soon.
On the other hand, Jardine's additional purchase plan has begun to take effect. Two shares of Landmark shares plus one bond, some sellers really approved of this plan.
Looking at the materials Zhou Mi gave him, Tang Huan laughed so hard that his stomach hurts.
I made money by myself and got a thank you, but Jardine shot myself in the foot. According to its plan to increase the purchase, all the work was useless, and it also carried a big burden on my back. How can I end it in the end? , I was worried about it.
"Let's see where Hong Kong Land's stock price will go next, there may be loopholes to take advantage of." Tang Huan said playfully. (To be continued..)
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