Rebirth: My dad is a coal boss

In the large conference room of Bank of Julius Baer, ​​Raymond J. Bayer sat in the first seat calmly. Lin Hao suddenly wanted to hold a shareholders' meeting. He naturally knew what to do, but he was not panicked at all. Although Lin Hao's shares had exceeded those of his family, he had united several shareholders today and acted in unison. It was impossible for Lin Hao to take over Bank of Julius Baer and become the chairman or CEO.

In the conference room, the shareholders of Bank of Julius Baer had basically arrived. The conference room was in a mess. They were all discussing why the shareholders' meeting was suddenly held. Was there something big going to happen? Someone who knew the inside story was talking in a low voice as if he didn't know much about it.

Raymond J. Bayer looked at his watch. The time was almost up and Lin Hao hadn't come yet. He wanted to see what Lin Hao could do today. Just as he was thinking about it, the door of the conference room was opened.

Lin Hao, wearing a suit, walked in with the people from Haohan Capital. He smiled at Raymond J. Bayer who was sitting in the first seat and sat directly at the other end.

The noisy meeting room suddenly became quiet because of Lin Hao's arrival.

"Everyone is here, let's start. I think many people should know me, but I'll introduce myself. My name is Lin Hao, the founder of Haohan Capital, and the largest shareholder of Baoheng Bank."

Speaking of this, Lin Hao paused for a while to let everyone in the meeting room digest it. Raymond J. Bayer, who was sitting in the first seat, was a little angry. He was the chairman of Baosheng Bank and the shareholders' meeting should be presided over by him. Lin Hao now took over the host and didn't give him any face.

"Lin Hao, what do you want to do by holding a shareholders' meeting today? If you want to re-elect the chairman, you may return disappointed." Raymond J. Bayer looked at Lin Hao and said.

The meeting room exploded again. Originally, many people who didn't know about it were surprised because of Lin Hao's arrival. Lin Hao said that he had become the largest shareholder, which surprised them again. Now Raymond J. Bayer's words directly caused discussion in the meeting room.

They were all thinking about what benefits Lin Hao could bring as the chairman. Lin Hao was a big capitalist with a very high international influence. Although he took over Julius Baer Bank, it should improve the bank's performance a lot.

Hearing Raymond J. Bayer's words, Lin Hao sneered: "Who told you that I would re-elect the chairman?"

"Then what are you going to do today?" Raymond J. Bayer was a little confused when he heard Lin Hao's words. He always thought that Lin Hao became the largest shareholder and was going to re-elect the chairman today, then take over the board of directors, control Julius Baer Bank, and then privately control it. Unexpectedly, Lin Hao said no.

"Then what are you going to do?" Raymond J. Bayer asked.

"Today's shareholders' meeting is to issue a mandatory takeover offer to everyone. My shares have exceeded 30%, which can trigger a mandatory takeover offer. I will arrange to buy your shares at the highest price on the market. I hope everyone will seriously consider it. Such a high price is rare."

Because of the rush for shares by Haohan Capital and Julius Baer Group during this period, Julius Baer Bank's stock price has risen a lot. Under normal circumstances, bank stock prices are very stable and basically do not have big ups and downs.

Lin Hao's words made the meeting room lively again. Many people were tempted. Such a high price is really rare. Selling at the current stock price can make a lot of money. The current stock price is definitely not sustainable and will definitely fall back to the normal price.

Raymond J. Bayer did not expect that Lin Hao's purpose was to force a takeover. It is true that a mandatory takeover offer can be issued when the shares reach 30%. Seeing that many people on the scene are eager to try, but Lin Hao's shares are less than 50%. As long as he refuses by majority vote, Lin Hao has no way. He has already contacted several shareholders who have been cooperating, and the total shares in his hands exceed 50%. Lin Hao can't make any waves.

"I don't agree." Raymond J. Bayer said immediately.

"I don't agree either." A shareholder who was the first to hold the position after Raymond J. Bayer said.

"I don't agree either." A shareholder said.

Three shareholders who held a lot of shares disagreed in succession, which calmed down the people in the meeting room who were eager to try.

Seeing the situation in the field, Lin Hao smiled and said, "I own 41% of the shares. It seems that you don't have as many shares as me?"

During this period, Lin Hao acquired the shares held by shareholders and those in the secondary market. He already owned 41% of the shares. Although he did not reach the controlling stake, he was definitely the largest shareholder.

"Since it is a shareholders' meeting, naturally everyone has to vote." Raymond J. Bayer said.

"Since we have to vote,"The decision is made. Let's vote together. Shareholders who are willing to sell their shares, I can increase the current share price by 10% premium. Please raise your hands if you are willing to sell."

After Lin Hao finished speaking, he raised his hand first. Others looked at each other, and then several small shareholders raised their hands. Although they didn't have many shares, every penny counted. Later, some people raised their hands in agreement.

But the number of votes in favor did not exceed 50%, and with Lin Hao's vote, it was only 45%. Seeing this, Raymond J. Bayer laughed. He was sure to win today.

"It seems that it's not half." Raymond J. Bayer looked at Lin Hao and said.

"I am forcing the acquisition. As long as the shareholders are willing to sell, it's fine. Those who have just agreed to sell their shares can sign this contract. The money will be transferred to your account today. As for the votes that have not reached half, those who disagree haven't voted yet, right? Maybe there are more who haven't agreed yet. "Lin Hao said with a smile.

In Switzerland, when an investor holds more than 30% of the shares of a listed company, according to the company law and securities law, the investor or investor group is obliged to make a general acquisition offer to all remaining shareholders, regardless of whether other shareholders agree or not.

In this process, there is no simple threshold of majority consent or disagreement, because once the compulsory acquisition obligation is triggered, the investor must make an offer to all shareholders.

Shareholders can choose to accept the offer and sell their shares, or reject the offer and retain their shares. The purpose of the compulsory acquisition is to ensure that all shareholders have the opportunity to sell their shares under the same conditions when the acquirer reaches a certain control ratio.

Normal voting is that investors make a normal acquisition offer to the company, and the company's board of directors or shareholders' meeting votes on whether the company should sell, which is different from the current compulsory acquisition offer.

So the vote just now is meaningless, but since I have voted, it doesn't matter if I vote. Lin Hao is still waiting to see the show.