Legend of Xiangjiang Tycoon

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Is it the smoke bomb released by Liu Luanxiong? Liu Luanxiong's deeds are indeed as rumored by his friends. It turned out that Liu Luanxiong suffered a total loss of more than one billion Hong Kong dollars in the big stock market crash.

After learning from the pain, Liu Luanxiong later felt that the risk of sniping and stock speculation was quite high. Now the entire company is considered a giant when combined, so it is better to consolidate the results of the sniping.

Therefore, Liu Luanxiong launched a series of dizzying rights issue and privatization plans in order to digest the previous gains.

At that time, stock critics said: Liu Luanxiong’s rights issue and privatization are different from the sniping. Privatization is to "draw" the "blood" of the minority shareholders of one's own company in order to expand one's own shares.

Liu Luanxiong's actions have seriously damaged the interests of other large and small shareholders of the company, so he staged scenes of ironic farce in Xiangjiang.

In July 1990, Liu Luanxiong wanted to privatize Huazhi, but failed. Liu Luanxiong’s Chaoshan fellow, Wanwan businessman Huang Zhouxuan, suddenly proposed to acquire Amergo and Huaren Real Estate controlled by Liu Luanxiong and his family. .

The stock market sniper was sniped, which is really in line with the old saying in China, "He who shaves his head will shave his head."

At that time, the media in Hong Kong and Taiwan were full of excitement, and some even reported and commented on this anecdote under the headline "Walk for Heaven".

Liu Luanxiong had a lot of grievances in the previous sniping, and his reputation was not good. Now with this bad result, everyone is naturally very happy. Many media call Huang Zhouxuan a white knight. There are not many people who want to watch the show with a small bench.

At that time, Huang Zhouxuan was the chairman of Wanwan Qiaofu Construction. He owned Yangming Villa in Xiangjiang with an estimated value of more than 9 billion Hong Kong dollars. — The 7 billion Hong Kong dollar credit support came prepared, not like Liu Luanxiong's "looting while taking advantage of the fire", but because he wanted to make Amergo and Huaren Real Estate a thing in the pool, and the war was about to break out.

As a professional sniper, Liu Luanxiong, assisted by the company's doctor Willis, has already combined the equity structure of the Amy High Department seamlessly.

At that time, Liu Luanxiong held a 48.2% stake in Amergo, and Amergo held a 50.9% stake in Chinese Real Estate, which in turn held a 69.9% stake in China Entertainment, and China Entertainment held a 51% stake in Baohua.

Fighting big with small things, and gradually controlling them layer by layer, so the market value of Aimeigao is as high as 3.89 billion Hong Kong dollars.

You must know that a few years ago, Liu Luanxiong was still a small electric fan manufacturer. Only Aimigao, a small electric fan manufacturer, was only a little over 100 million Hong Kong dollars at the time, but now it has become a small giant in the stock market and real estate. With its energy , which actually indicates that what Huang Zhouxuan is catching is a thorn that is difficult to shave.

At that time, Huang Zhouxuan hired Huo Duoli, a subsidiary of HSBC Bank, as a financial consultant. On August 1, he officially announced the acquisition of the principal shares and warrants of Amergo and Chinese Land. The two companies paid a total price of 8.63 billion In Hong Kong dollars, if Huang Zhouxuan wants to acquire more than 50% of the shares of Amergo and Huaren Real Estate, he needs to use nearly five billion Hong Kong dollars in cash.

In the past, Liu Luanxiong had forced the Kadoorie family to cut their flesh to protect the country. Now Liu Luanxiong has followed suit and cut the flesh to protect the country—he has to go to the market to absorb the underlying shares and warrants at the market price that has been inflated.

The battle lasted from August 1st to October 15th, and finally ended with Huang Zhouxuan's failed acquisition.

After all, Huang Zhouxuan was not as powerful as Bao Yugang, but he did not dare to offer a more favorable price to attract small shareholders. In the end, he only acquired 8.14% equity of Amergo, 34.06% equity of Huaren Real Estate and some warrants.

Almost all the people in Xiangjiang said that Huang Zhouxuan was victorious despite his defeat, and he was so powerful in Xiangjiang that he felt wronged by "the one who was bullied by Liu Luanxiong".

Of course, some people also said that although Liu Luanxiong was victorious, he was still defeated. Although Huang Zhouxuan didn't shave his head completely, it was shaved until it was bloodied and his appearance was haggard. Public opinion is so booed, which can be seen that Liu Luan bears the hearts of the people, which can be seen.

At that time, Xiangjiang was known as the title of migrant emperor, which meant the high-paid migrant workers. There were many migrant emperors in Xiangjiang at that time.

And because Liu Luanxiong is good at being unconventional, someone created the "God of Migrant Workers" and crowned Master Liu.

In fact, from the perspective of company law, the owners of property rights are all shareholders, that is, the boss; and all salaried employees of the company are migrant workers. As the boss, he enjoys the rights and interests of his shares; while the chairman receives his salary in the name of a worker, that is, he works for the shareholders.

Liu Luanxiong's fee in the four companies of the whole department was as high as 100 million Hong Kong dollars a year, which was the highest in Hong Kong at that time.

So many media said: "Liu Luanxiong, who works 'hard' for the shareholders, is not only the working emperor, but also the working god!"

According to the anecdote that broke out from the annual meeting of shareholders of Amergo and the four departments of Chinese Land in June 1990, in 1989, Amergo's shareholders' share of profits for that year was 47 million Hong Kong dollars, and there were 6 directors, and the fee was as high as 4,000 Hong Kong dollars. 6 million Hong Kong dollars, leaving only 1 million Hong Kong dollars to send to all shareholders; Huazhi made a profit of 156 million Hong Kong dollars, and the six directors' fees were 36 million Hong Kong dollars; China Entertainment lost 61 million Hong Kong dollars, The 6 directors still paid 23 million Hong Kong dollars in fees; PYI suffered a loss of 53 million Hong Kong dollars, and the 4 directors still claimed 6 million Hong Kong dollars in fees.

This is really a strange thing, which naturally caused strong dissatisfaction from all shareholders outside the board of directors, and of course also criticized by the securities industry.

Liu Luanxiong's family explained that it was approved by the board meeting, so it was reasonable. Public opinion in Hong Kong was in an uproar. The board of directors held a meeting to set an "astronomical fee" for themselves. Is it reasonable? It can't be said to be outrageous, but at least it is ridiculous.

In fact, as early as when Liu Luanxiong attacked Xiangjiang Hotel, a stock critic said: "Liu Luanxiong is fully aware of his image in the eyes of institutional investors and private investors, and he should be willing to change this image."

After the big stock market crash in October 1987, Liu Luanxiong returned to the stock market and no longer attacked listed companies, but only made commercial investment and internal control adjustments.

Therefore, Liu Luanxiong won the nickname "Shepherd". Shareholders find it quite new, as eye-catching as seeing a sheep's head hanging from a time-honored dog meat shop.

But it is a pity that the nickname of the shepherd failed to be called. Soon it was discovered that Liu Luanxiong's temperament had not changed, and he was still attacking, but the target of the attack was shifted from major shareholders to minority shareholders.

In order to invest in properties, Liu Luanxiong frequently raises funds through rights issues; his privatization plan is always carried out when the company's market value is far lower than the actual assets.

The nickname of the pump comes from this. In Cantonese, water is money, which shows how powerful Liu Luanxiong is pumping water and how big his appetite is.

Unless it is a stock market veteran, all stockholders, and those who are sucked into Liu Luan's pump, none of them will not shrink, and none of them will have their interests diluted.

Liu Luanxiong was the murderer of pumping water. In the fourteen months from 1992 to 1993 alone, a company in Amergo raised 4.3 billion Hong Kong dollars through rights issues. Therefore, some people say that Liu Luanxiong is like the central bank when the Guo party was defeated and retreated to the mainland. It ran money printing machines day and night to print gold round coupons to collect gold, silver and foreign currencies. How is the new stock issued by Liu Luanxiong different from the gold round coupons at that time?

Liu Luanxiong's entire company is really "explosively ugly" every year, and new ones come out every year.

Minority shareholders were all bombarded by Liu Luanxiong, his wife and his younger brother Liu Luanhong. What's more, they went directly to the offices of the councilors of the two bureaus, the Hong Kong Governor's Office and the Stock Exchange to submit petitions, and complained to the Securities Regulatory Commission, accusing them of exploiting minority shareholders.

But Liu Luanxiong's actions are brilliant here. Although everyone accused him of being "cruel and merciless", his actions were not illegal.

At that time, the Stock Exchange and the Securities Regulatory Commission condemned Liu's behavior many times, but Liu Luanxiong still ignored it and insisted on going his own way.

Finally, Liu Luanxiong completed his privatization plan in November 1993.

Liu Luanxiong's reorganization of the group's shareholding relationship is a real dismantling of the bones and tendons, despite the quarrels of other shareholders, but Liu Luanxiong can pull one group, fight another group, and defeat each one.

At most, the group owned 5 listed companies (Amergo, Chinese Land, China Entertainment, Baohua, Zhongce), and later reduced to the first listed company, but Huazhi replaced the listing status of the parent company Amergo . And Liu Luanxiong's group has changed from an electric fan manufacturing company to a real estate company worthy of the name.

Liu Luanxiong holds a total of more than 70% of the shares of Chinese Land. Even if it may be diluted, it is enough to guarantee more than 50% of the shares.

The market value of Chinese Real Estate exceeds 20 billion Hong Kong dollars, and Liu Luanxiong has thus become one of the super rich in Hong Kong. Moreover, in 1994, Liu Luanxiong was still at the bottom of the list of top ten chaebols in Hong Kong after falling several times.

Wu Xiaoming, a stock critic at the time, lamented in the first issue of "Capital" magazine in 1994: "Liu Luanxiong's family has worked hard for ten years to carry out rights issue, privatization and other restructuring activities, resulting in the stock price and interests of small shareholders step by step. The land was diluted, and even more painfully, the stock was sold at a price lower than the net asset value, and the major shareholders were already watching the profits gobbled up. Therefore, in the past 10 years, the minority shareholders have also been extremely 'toiled', including the company's privatization, mergers, Issues such as rights issue and director's fees were bombarded hoarsely at the general meeting of shareholders, or the family of Liu Luanxiong, or marched and petitioned, and openly wrote big-character posters to denounce Liu Luanxiong. From the listing of Amergo to the privatization, this kind of confrontation between large and small shareholders , has never stopped "Today, Liu Luanxiong no longer needs to use such methods to extract 'other people's money', because the Amy High Department has grown vigorously under the cultivation of Liu Luanxiong brothers for 10 years, owns a series of popular properties, and sharpens his knives. , preparing to go north to the mainland to do a big job in the real estate industry, and transform from Chinese real estate to a real 'Chinese Land'. "

And Liu Luanxiong and his wife are very good partners in business. Among other things, let's talk about the annual shareholders' meeting, five companies, there are five times a year.

According to statistics, Liu Luanxiong attended the shareholders' annual meeting only 3 times in the past 10 years.

At each annual meeting, his beloved wife Bao Yongqin came forward to replace Liu Luanxiong as the punching bag for the shareholders.

Don't think that Liu Luanxiong, the killer of the stock market, is a cold-blooded animal without emotions.

At the end of the 1980s, Liu Luanxiong spent a lot of money to invest in filming, and became popular with entertainers and actresses, and even had an affair with a certain actress.

Bao Yongqin couldn't bear Liu Luanxiong's infidelity and ungratefulness. Back then, they worked hard to create a foundation together, but they still resolutely filed for divorce.

The relationship between Liu Luanxiong and Bao Yongqin in distress came to an end in October 1992. According to the agreement, Bao Yongqin received hundreds of millions of yuan in alimony and a luxury house worth 200 million yuan.

As far as the development trend of Amy High is concerned, Liu Luanxiong's sniping career will probably become history, so the author tries to analyze Liu Luanxiong's phenomenon from the perspective of securities history.

Professional sniping, in fact, does not happen occasionally, but is a product of a highly mature stock market-such as the stock markets in New York and London.

Since Hongkong Land’s acquisition of milk in the early 1970s, there have been successive acquisitions in the stock market.

Liu Luanxiong actually carried forward these examples and played them to the point of proficiency.

He is the first author of professional sniping in the Hong Kong stock market, officially introducing the "new concept of sniping" that is very unfamiliar to Hong Kong people, and providing fresh tactics to the world.

Liu Luanxiong's sniper technique is also known as "Wall Street tactics".

The emergence of sniping cannot be judged by "good" and "bad".

We can only say this: Without Liu Luanxiong, it will come. Just like the early days of the stock market, the first batch of investors to enter the market are all real investors.

But the turbulent waves of the stock market soon beat out the stock speculators, and people cursed the stock speculators like they condemn snipers today. Now, it is generally accepted that speculating in stocks is a very normal behavior. Among the many investors who enter the market, who does not have a speculative mentality?

The first person to eat crabs always has to pay more, that's why Liu Luanxiong is so "notorious".

Although Liu Luanxiong is "notorious", his net worth has risen month by month and has expanded rapidly. Therefore, even if Liu Luanxiong is not a hero in the business war, he is at least a hero~www.wuxiaspot.com~ Liu Luanxiong has opened up a new way to get rich, and those who follow in his footsteps are eager to follow. Liu Luanxiong caused a psychological shock among business people—is the traditional law of getting rich and accumulating wealth still useful? This may be the historical significance of the Liu Luanxiong phenomenon.

"Xiangjiang has everything" is a popular catchphrase nowadays. "

So in fact, Li Zhiwen, who has read these analyzes, actually has no good views on Liu Luanxiong.

Of course, it can't be said that there is anything disgusting, after all, Li Zhiwen's actions now are the same as Liu Luanxiong in his previous life.

The difference is that because Li Zhiwen has the memory of his previous life, he can win with a single shot, which is sure and ruthless.

And the direct confrontation is those British-owned foreign firms, or other large Chinese-funded companies, and most of these large Chinese-funded companies have enemies with Li Zhiwen.

In addition, Li Zhiwen has never pumped water in the stock market and has not harmed the interests of many small shareholders, so everyone has no feeling for Li Zhiwen's actions, and it can even be said to support them.

At this time, Liu Luanxiong came begging, but Li Zhiwen didn't know how to deal with it. In all fairness, Liu Luanxiong was very capable, but he was very rebellious, and Li Zhiwen didn't know how to take it back.