Reborn as a tycoon in Hong Kong
Chapter 110 Exposed
Before Lin Baicheng returned to Xiangjiang, Cheng Yufeng, who received Lin Baicheng's call, had already begun arranging contacts with institutions that held Cangjiang Industrial shares to buy out the Cangjiang Industrial shares they held.
The purpose of these funds, securities, and banking institutions to hold shares is to make money. There are very few people who are really optimistic about a certain company for several years or even more than ten years, so they don't mind selling their shares, as long as they are optimistic about it. fair price.
When acquiring shares from an institution, there must be a certain premium, and the details will depend on the negotiations between the two parties.
The stock market in 1977 was generally volatile. When Lin Baicheng wanted to acquire Wharf, the Hang Seng Index was rising. After that, the Hang Seng Index began to fall. However, as of the last trading day at the end of the year, the Hang Seng Index still closed above 400 points.
However, after the time entered 1978, the Hang Seng Index fell overall in January. It had fallen below 400 points and is now hovering at 390 points, but it seems to still have a downward trend.
After all, the Chinese New Year is approaching, and the Chinese New Year is about to begin. Many people have cashed in their stocks and are holding cash to celebrate the New Year. There is a lot of selling pressure and there is no takeover. Naturally, the overall stock market is mainly falling.
In this market situation, some people are willing to buy their own shares at a premium, and institutions are willing to sell them, as long as the price satisfies them.
Lin Baicheng returned to Xiangjiang on the afternoon of the second day after receiving the loan. Cheng Yufeng reported the good news to him. He had completed transactions with several institutions and bought 7.6% of the shares at an average premium of 12%.
Such a premium is not high, but the institutions are not losing money either. They must be making money. It is just a matter of seeing who has a lower cost price and makes more money.
These shares were not enough, so Lin Baicheng asked Cheng Yufeng to continue the acquisition, and the price could be slightly compromised.
…
It was noon on the second day after Lin Baicheng returned to Xiangjiang.
Li Jiacheng, who was secretly attacked by Lin Baicheng, came to a teahouse in Central and accepted the invitation.
"Brother Li, you are here."
When Li Jiacheng walked into the private room, the man who invited him was sitting there making tea.
"Brother Feng, I'm so sorry, I'm late."
Li Jiacheng walked in and sat down opposite the other party.
"Brother Li, you are not late, I am early."
Feng Jinxi made tea. After making it, he placed it in front of Li Jiacheng.
“Good tea!”
After taking a sip of tea, Li Jiacheng closed his eyes slightly and praised aloud.
Feng Jinxi also drank tea, closed his eyes and tasted it carefully.
Seeing this, Li Jiacheng didn't rush to ask why he was invited here. He knew he would tell him later.
Feng Jinxi didn't keep Li Jiacheng waiting for long. After drinking tea, he said: "Brother Li, do you know anything about your company these days?"
"What happened? Please give me some advice, Brother Feng."
Li Jiacheng shook his head. The company's development has not encountered any obstacles recently and is as smooth as ever. But he knew that since Feng Jinxi said so, something must have happened, but he didn't know about it.
Feng Jinxi said: "Brother Li, you also know what my company does. My company has connections with some financial institutions in Xiangjiang, and we will occasionally communicate with each other to try to avoid conflicts."
"Brother Feng means the changes in the stock market? However, the stock price of Cangjiang Industrial has been relatively stable recently. It has neither risen nor fallen sharply, and the trading volume has not suddenly increased. There should be no one buying in large quantities secretly. right."
When Feng Jinxi mentioned it, Li Jiacheng understood what was going on. You must know that he himself had thought about buying Wharf shares from the stock market, so he was naturally worried about others doing this to him, so he would pay attention to the trend of the company's stock price every week. , in case someone doesn’t know that the company’s shares have been acquired in large quantities.
"Brother Li, you are wrong."
Feng Jinxi reminded: "In addition to the stocks in the secondary market, there are also some institutions that hold a lot of your Cangjiang Industrial shares, Brother Li. Now someone is buying them from institutions at a premium, and they may have acquired a lot."
Although Cheng Yufeng and the trading organization have signed confidentiality contracts, there is no other way to deal with what is being discussed. People can say whatever they want. This is unavoidable.
The secret acquisition of Cangjiang Industrial shares may be exposed at any time since the beginning of contact with institutions, but every day will be more beneficial to Lin Baicheng.
"This is a bad sign!"
Although he said this, Li Jiacheng is not worried. He holds a little more than 40% of the company's shares, and it is almost impossible for the company's controlling stake to be taken away. If someone really wants to seize control of the company from him, he can increase his holdings, as long as the increase is less than 10%.
Feng Jinxi said: "Brother Li, you hold nearly half of the company's shares. No matter what the other party's purpose is, you can sit firmly on Diaoyutai."
"No matter what, thank you Brother Feng for reminding me, otherwise I wouldn't know about it."
Li Jiacheng expressed his thanks. Although he was not worried about the company's controlling stake, he had to find out who the other party was. After all, the company's major shareholder would affect the company's development. Once the major shareholder fails to deal with him, it will inevitably restrict him, and the development of the company will be affected.
"Brother Li, you're welcome."
The reason why Feng Jinxi notified Li Jiacheng of this matter was to get a favor from Li Jiacheng. In fact, with his network, he could find out who was secretly acquiring a large number of shares in Cangjiang Industrial, but he only wanted to get a favor and did not want to get involved. If he finds out who the other party is and disrupts the other party's actions, then he will provoke an enemy and create an additional opponent for nothing. There is no need to do this step for Li Jiacheng's favor.
Because he was worried, Li Jiacheng said goodbye and left after the meeting.
Back at the company, Li Jiacheng immediately asked someone to find out who was buying the shares of Cangjiang Industrial in recent days and how many shares the other party had acquired.
This kind of thing cannot be found out immediately, and Lin Baicheng didn't know that Li Jiacheng had already known about someone secretly acquiring shares of Cangjiang Industrial after being reminded by Feng Jinxi. Cheng Yufeng was still leading people and the remaining shareholders Share institutions talk.
The next day, Li Jiacheng found out who was acquiring the company's shares. This kind of thing could not be hidden from anyone.
"How could it be him?"
Looking at the information in his hand, Li Jiacheng couldn't help but frown slightly. He really couldn't understand why this young business upstart named Lin Baicheng wanted to acquire a large amount of Cangjiang Industrial's stocks, and he did so secretly.
"No matter what, you will know once you meet him."
Li Jiacheng, who couldn't figure it out, stopped thinking about it and decided to contact Lin Baicheng, telling him that he already knew what the other party was doing, and would have a showdown with him directly.
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