Rebirth of the Strongest Tycoon

Norman Shi Yahuai frowned and picked up the takeover offer on the table and read it carefully.

It's just that as he continued to look down, his brows became tighter and tighter. At the back, he saw that he was angry, but he was really angry, and threw the takeover offer on the table with a "pop".

"This is an insult to our Shi Yahuai family!"

No reason for Norman Shi Yahuai to be so annoyed, the takeover offer sent by Jiuding Securities Co., Ltd. is simply too much. In his opinion, there is no sincerity.

The takeover offer is for the entire Swire Airlines, and the offer for a wholly-owned takeover is HK$700 million!

Only 700 million Hong Kong dollars! ! !

This is seriously not in line with the true value of Swire Airlines.

Right now, Swire Airlines has four most intuitive assets, all of which are equity.

The first part is the 28.5% equity of the Hong Kong Airport Ground Service Company. According to the normal valuation of the entire company of 350 million Hong Kong dollars, the equity value is 99.75 million Hong Kong dollars, which is close to 100 million!

The second part is the equity of Cathay Pacific Airways. The original shareholding ratio is 37%. According to the normal company valuation of 2.8 billion Hong Kong dollars, the value should be 1,360 million Hong Kong dollars.

But there is no way, it was forcibly diluted by Jiuding Industrial Group, and now there is only 24.67% left. If the valuation at the time of private placement is 1.8 billion Hong Kong dollars, plus the private placement financing of 900 million Hong Kong dollars, Now the total value of Cathay Pacific Airways is 2.7 billion, and the stake is also worth 666 million Hong Kong dollars.

The third part is the equity of Hong Kong Aircraft Engineering Company. After the original part was replaced, there was still 23.42% left. Not to mention that it was calculated according to the market value of the company with a peak value of nearly 5 billion Hong Kong dollars in the previous period, nor was it calculated according to the company’s market value. The current real-time market value, even if it returns to the normal market value of 710 million Hong Kong dollars, is still worth 166 million Hong Kong dollars.

Of course, the 5.3% stake acquired in the secondary market is still in the hands of Swire Financial, and Norman Shi Yahuai has not been transferred to Swire Airlines, so it cannot be included in the assets of Swire Airlines.

The fourth part is the 20% stake in Dongfeng Airlines. The value of this stake is the most clear, which is 200 million Hong Kong dollars.

Even without calculating the value of Swire Airlines' office space, properties and personnel, the cumulative value of these four equity stakes amounts to HK$1.132 billion!

Including other assets, the real deal is 1.2 billion Hong Kong dollars!

Moreover, under normal circumstances, company acquisitions have to be acquired at a premium. Even if it is a random premium of 20%, there will be 1.44 billion Hong Kong dollars, right?

But look at the offer of Jiuding Securities, which is only HK$700 million!

This price is a huge insult to Norman Schwarzwald!

Compared with the first time Wang Qi personally sent the takeover offer, the price of the takeover offer reached HK$1.6 billion.

Now the second time a takeover offer has been sent, with an offer price of HK$700 million, how can Norman Shi Yahuai not be angry?

In this takeover offer, Norman Shi Yahuai saw a line of words that did not exist but appeared brightly - I am overbearing, and I am bullying you!

Wade Shi Yahuai completely understood his uncle's anger. When he first saw the acquisition offer, his anger was no less than his uncle's current anger.

But on the way, he gradually calmed down and thought about the various influences and hidden dangers.

The price quoted by Jiuding Securities is low, but if you are willing to negotiate, there is still room for negotiation, but it will definitely not be higher than HK$1.1 billion!

After all, they have completely lost the initiative!

At present, the four companies, Cathay Pacific Airways, Heungkong Aircraft Engineering Company, Heungkong Airport Ground Handling Company and Dongfeng Airlines, are all decided by the Jiuding Consortium, and they have completely lost the ability to resist resistance.

If Jiuding Industrial Group continues to do the same as the private placement of Cathay Pacific a few days ago,

Swire Airlines, whose assets are still worth 1.132 billion Hong Kong dollars, will continue to shrink sharply, and it is hard to say whether it will be worth 700 million Hong Kong dollars in the future!

Jiuding Securities Co., Ltd. must be based on this point, and they dare to overbearingly and shamelessly quote the price of 700 million Hong Kong dollars.

But if you agree to sell, let's not talk about the loss, the key is that the hatred between the two families is irreconcilable. If you want them to bow their heads, their Shi Yahuai family will become the laughing stock of Xiangjiang, and their reputation will be disgraced!

Although the reputation is not good now...

Seeing that his uncle was still angry, Wade Shi Yahuai did not speak and waited quietly.

a long time.

"Whoo~"

Norman Shi Yahuai exhaled a long breath, forcing himself to calm down as much as possible.

Seeing this, Wade Shi Yahuai immediately asked: "Uncle, now that Jiuding Securities Co., Ltd. has sent a gauntlet, how should we choose?"

His underlying line is, do we want face or money, or both?

Norman Shi Yahuai said with difficulty: "Talk to them and sell it at a suitable price."

After speaking, Norman Shi Yahuai seemed to be unable to support the weight of his upper body with his spine, and leaned his back on the sofa.

It was too difficult for him to make this difficult decision. The hatred and humiliation in this place cannot be tolerated by ordinary people, let alone a big guy of his level.

But in terms of interests, in the case of losing all the initiative, choosing to bow to Jiuding Securities Company is the best choice, and the loss will be even greater if you continue to fight blindly!

Leaving Qingshan without worrying about running out of firewood, when the outcome is already doomed, first get back as much of the benefits as possible.

Wade Shi Yahuai was stunned for a moment, his face was ugly, he nodded slightly and said, "Okay, it's just uncle, the price of 700 million Hong Kong dollars is too low, we must negotiate, what is the bottom line?"

Norman Shi Yahuai pondered for a long time, and said firmly: "One billion Hong Kong dollars!"

Hearing this number, Wade Shi Yahuai looked embarrassed and asked worriedly: "Uncle, the assets of our Swire Airlines are now about 1.2 billion Hong Kong dollars. With the attitude shown by Jiuding Securities Company, their appetite is too high. Big, can we keep the bottom line of one billion Hong Kong dollars?"

"The last time Jiuding Industrial Group diluted our equity, we lost 370 million Hong Kong dollars. If they came from other companies a few times, they could easily make us lose another 200 million Hong Kong dollars."

"I'm worried they won't let go easily!"

The nephew's worries Norman Shi Yahuai thought about it too, but he thought more.

He replied: "This is just our initial bottom line. Let's talk about it first. The longer it takes, the better, lest they free up their hands and focus on our other companies."

"You have to negotiate with a negative mindset, and as long as they don't lose their patience and try to warn us by diluting the stake, then hold on."

"At the same time, you release news to the outside world and actively contact consortia in other countries to see if you can find other forces to take over and transfer the conflict to other consortia."

Wade Shi Yahuai thought for a while, then nodded and replied, "Okay, I will contact the consortium that has an intersection with our family."

After speaking, the living room fell silent.

After a while, Wade Shi Yahuai said with some anxiety: "Uncle, if we don't find another force to take over and finally sell the equity to Jiuding Securities Company, it will be a huge blow to our family's reputation and bad influence. It will be extremely far-reaching, and I am worried that there will be a situation where the Chinese consortium will unite and besiege us."

This was the case with the Jardine Consortium before. Facing Xia Yu's first attack, the Jardine Consortium succumbed and gave in, and then the Chinese capital was excited and saw the weakness of the Jardine Consortium. And the consortium completely died out.

Now if they bow their heads to Xia Yu and "cede land and pay compensation", he is worried that there will be a scene like the Jardine Consortium being besieged again.

A Jiuding Consortium is enough for them. If they face the siege of the more powerful Chinese capital after the annexation of the Jardine Consortium, Wade Shi Yahuai has no confidence at all.

Wade Shi Yahuai worried about this, Norman Shi Yahuai also took into account.

He immediately said: "I have considered these, so I asked you to find a way to find other forces to take over and resist the pressure of the Jiuding Consortium for us."

"On the other hand, delaying time also leaves enough time for us to restore our prestige and losses."

Wade Shi Yahuai's eyes lit up, and he immediately asked, "Uncle, how can we restore our prestige?"

Norman Shi Yahuai narrowed his eyes, his eyes became cold and deep, and he said quietly: "If the Song family hadn't betrayed us, Cathay Pacific Airways would not have been taken away, and we would not have been reduced to this point. They You must pay for your actions!"

PS: The first time to ask for tickets, I wish you a happy weekend!

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