Reborn as a tycoon in Hong Kong

After leaving HSBC, Lin Baicheng did not go to Yum Securities immediately. It was already past three o'clock in the afternoon. At this time, it did not make much sense to acquire a large number of shares of Yingzhou Yingni. On the contrary, an accident would arouse the vigilance of the Kane family, the controller of Yingzhou Yingni.

the next morning.

Instead of going to Hutchison Whampoa, Lin Baicheng took his secretary Qin Lan and his bodyguard to Yum Securities.

Lin Baicheng asked Anyuan to continuously acquire shares of Qingzhou Yingni, so Anyuan knew the company quite well. When Lin Baicheng asked him some questions, he answered them one by one.

Lin Baicheng originally set his sights on both Yingzhou Yingni and Hong Kong Electric Group. However, unlike Hong Kong Electric Group, which is one of the top ten listed companies in Hong Kong, although Yingzhou Yingni is also a century-old company in Hong Kong, its market value is actually not high. Just over 100 million Hong Kong dollars.

After all, what Qingzhou Yingni sells is cement. Although there is no need to worry about selling cement due to the boom in real estate, the profit of cement is low and the market in Xiangjiang is not very large. Therefore, in general, the potential is limited and the market value is not high. where it goes.

There are a total of 50 million shares of Jingzhou Yingni, and the closing price as of yesterday was HK$2.43. This price is not much different from the 2.28 Hong Kong dollars when Yum Securities began its secret acquisition. If it were converted into a normal investment, it would be equivalent to nearly a year in vain. Not to mention making money, it’s good if you don’t lose money.

Yum Securities slowly buys some stocks every day so that the trading volume will not change and it will not be noticeable. If you do this, as the stock price rises, the average cost will also become higher. When the stock price falls now, the cost price will be a little higher than the stock price.

Lin Baicheng originally asked Anyuan to arrange for people to slowly buy the shares of Qingzhou Yingni in order to avoid alarming the Kane family and triggering a takeover war, which would be very costly.

Unexpectedly, Li Jiacheng also set his sights on Qingzhou Yingni. Now he can only cooperate with Li Jiacheng to win this company together. Fortunately, Lin Baicheng took the majority, so it was still acceptable.

It would be great if Qingzhou Yingni did not have a controlling family like Hong Kong Electric Group. Lin Baicheng could contact the management like Hong Kong Electric Group did and gain control easily. The important thing is that the cost is not high.

"Anyuan, arrange for people to increase the acquisition of Qingzhou Yingni. As long as the stock price does not exceed 3 Hong Kong dollars per share, buy them all."

“Once the stock price has a trend of exceeding HK$3 per share, suppress the stock price. At that time, funds from another party will also acquire and suppress the stock price, so you don’t need to pay attention to it.”

Lin Baicheng said to Anyuan that this was what he and Li Jiacheng had agreed upon. Before Lin Baicheng officially launched the acquisition of Qingzhou Yingni, they each purchased a large amount of stocks to increase their shareholdings. Then Lin Baicheng publicly launched the acquisition, increasing their shareholdings to nearly 50%.

"Yes, I'll make arrangements right away."

Anyuan answered the words and went out to make arrangements.

Although there were funds from Lin Baicheng and Li Jiacheng in the acquisition, as the Hang Seng Index continued to fall, the stock price of Qingzhou Yingni also fell at the beginning. It was not until a large number of the sold stocks were bought by the two parties that the stock price Then it rebounded.

However, the current stock market situation is not good. The more the stock price of Jingzhou Yingni rebounds, the more people sell. Many people choose to cut their losses or settle for safety. Of course, there are also people who stand still and observe, and there are even investors who boldly pursue and buy.

When the stock price was close to HK$3 per share, funds from both parties stopped buying, and they did not sell the stock to suppress the stock price for the time being. However, after losing the buying funds from both parties, there is no fund tray for the selling order above. In addition, the stock price has risen by about 20% when it is close to 3 Hong Kong dollars. Naturally, a large number of stocks will be sold, and the stock price will fall without the intervention of two parties. Come down.

When the stock price fell back to a certain price, funds from both parties began to buy again, and the stock price naturally stabilized and even began to rebound. After the stock price rebounded and rose to close to HK$3, the two parties stopped buying again and allowed the stock price to fall. If it did not fall, they would sell a large amount of money to suppress the stock price.

Repeatedly, the stock price of Qingzhou Yingni was fluctuating that day, but the trading volume that day was extremely large. Lin Baicheng and Li Jiacheng bought a large number of shares.

This situation naturally attracted the attention of the Kane family, the controller of Yingzhou Yingni, but this was the first day of a huge change, so all the Kane family could do was to investigate who was buying the company in large quantities. of stocks.

However, there was no need for the Kane family to investigate, because the next morning, Lin Baicheng announced through several newspapers that he already held 30.3% of the shares of Qingzhou Yingni, and had purchased up to 10 shares at a price of 3.5 Hong Kong dollars per share. % of total shares.

The reason why they only acquire up to 10% of the shares is because Li Jiacheng already owns a little more than 13% of the shares. In fact, the two people's combined shares have reached 43%, which exceeds the Kane family's shareholdings. .

However, in addition to the Kane family holding about 30% of the shares, Qingzhou Yingni also has several small shareholders. Therefore, in order to avoid variables in the Kane family's support from these small shareholders, Lin Baicheng and Li Jiacheng decided to It is best to hold more than half of the shares, so that as long as the two of them join forces, the control of Qingzhou Yingni will definitely fall into their hands.

The price of HK$3.5 per share is only about 20% higher than yesterday's closing price of Yingzhou Yingni. However, Lin Baicheng stated that he would only acquire 10% of the shares at most, so some people chose to sell at this price, while others wanted to wait and see, and were not satisfied with this premium.

After the Kane family learned that Lin Baicheng only held about 30% of the shares and purchased only 10% of the shares for 3.5 Hong Kong dollars, they immediately responded and also purchased 10% of the shares for 3.5 Hong Kong dollars.

From the Kane family's point of view, although his and Lin Baicheng's shareholdings are similar, the control of Qingzhou Yingni has always been in the hands of their family. Many small shareholders must support them. As long as they acquire a certain number of shares, they , the total number of shares will be more than Lin Baicheng.

Lin Baicheng, the Kane family, and Li Jiacheng collectively own 70% of the shares, plus about 10% of the shares held by some small shareholders. In fact, there are not many shares circulating on the market.

Therefore, neither Lin Baicheng nor the Kane family actually completed the acquisition target that day, and did not acquire as much as 10% of the shares.

However, for Lin Baicheng, who has increased his shareholding to 36.1%, plus Li Jiacheng's slightly more than 13% share, they are enough to gain control of Qingzhou Yingni.

The next morning, Lin Baicheng took his team to meet Li Jiacheng, and both parties went to Qingzhou Yingni Company together.