Reborn as a tycoon in Hong Kong

On Monday, as Lin Baicheng announced that he had become the largest shareholder of Qingzhou Yingni and would no longer acquire shares, the stock price of Qingzhou Yingni immediately fell sharply, from more than 3 Hong Kong dollars to below the price of 2.5 Hong Kong dollars.

The reason why the stock price has fallen so much is because the Hang Seng Index is still falling. The expected acquisition war did not happen, and the market conditions were not good, so the stock price naturally collapsed.

However, when the stock price fell below the price of HK$2.5, Lin Baicheng asked Anyuan to arrange for someone to buy the shares of Qingzhou Yingni. This time, I bought slowly and tried to buy as many stocks as possible without raising the stock price.

Although there is an agreement with Li Jiacheng, after acquiring Li Jiacheng's shares, Lin Baicheng's shareholding is close to the 49.99% line. If he buys stocks now, without a comprehensive acquisition, he will only be able to hold the shares at most in the end. The shares are 49.99%.

However, buying stocks now is not without its benefits. If you want to make a full acquisition, the more you buy now, the smaller the price you will pay when the full acquisition comes. Even if a comprehensive acquisition is not carried out, there is no harm in increasing the shareholding when the stock price is low. After all, Lin Baicheng wants to acquire it from Li Jiacheng at a price of 3 Hong Kong dollars per share. The more shares he buys at low prices now, the more shares he will need to buy from Li Jiacheng. The less Jiacheng can acquire, the less money can be spent.

The time limit that Lin Baicheng gave Guro Kane was until Thursday, but on Tuesday, Guro Kane contacted Lin Baicheng and informed Lin Baicheng of the decision of the entire Kane family.

The Kane family is willing to give up control of the company and sell its shares, but they feel that the price of HK$3 per share is too low. The company is the hard work of the Kane family and should be Worth more money.

After some consideration, Lin Baicheng arranged for Liao Siren to negotiate with Guro Kane. His base price was 3.3 Hong Kong dollars per share. Above this price, he would not be prepared to carry out a comprehensive acquisition. After all, as long as it can get the land in Hung Hom and control the cement company Qingzhou Yingni, it doesn't matter whether the company acquires it in full.

Because the two parties were negotiating on price, Lin Baicheng did not immediately take over Qingzhou Yingni. While letting Liao Siren negotiate with Gu Luo Kane, he had Anyuan acquire the shares of Qingzhou Yingni in the stock market, a two-pronged approach.

After two days of negotiations, the two sides settled the deal.

Lin Baicheng acquired 28.6% of the shares of Qingzhou Yingni held by the Kane family at a price of HK$3.2 per share, which is 14.3 million shares, totaling HK$45.76 million.

The two parties had just negotiated the deal for the time being, but did not conduct a formal transaction immediately. Instead, Liao Siren and Guro Kane, with the help of Guro Kane, also acquired several shares of the company at a price of HK$3.2 per share. 7.6% of the shares held by a small shareholder.

After reaching an agreement with the small shareholders, all transactions were carried out together. A total of 36.2% of the shares, 18.1 million shares, was acquired by Lin Baicheng at a price of HK$3.2 per share, which cost HK$57.92 million.

"Mr. Kane, happy to work with you!"

After the two parties formally signed the equity transfer contract, Lin Baicheng shook hands with Gu Luo Kane in the conference room of Qingzhou Yingni.

"This is just a last resort choice."

Guro Kane shook hands with Lin Baicheng with a wry smile. The Kane family had decided to return to England for development, so he didn't need to lick his face to express that this was a happy cooperation. It was pleasant for Lin Baicheng, but not for the Kane family.

"We will have to trouble Mr. Kane for the subsequent handover work."

Lin Baicheng smiled nonchalantly, after all, he was the winner.

"Don't worry, I will cooperate."

Of course Guro Kane will cooperate, because Lin Baicheng has only paid 70% of the share transfer fee now, and the rest will be paid within half a year. The sooner Lin Baicheng takes control of Qingzhou Yingni Company, the sooner the remaining amount will be paid to he.

More than half an hour later, Lin Baicheng hosted Li Jiacheng and his party in Yingni, Qingzhou.

"Li Sheng, I have acquired all the shares from the Kane family and other small shareholders. Now I hold 75.3% of the shares, which is enough to launch a comprehensive acquisition of Qingzhou Yingni Company. Now I have control of the company. It’s in my hands.”

Lin Baicheng acquired 36.2% of the shares from the Kane family and other small shareholders. He acquired 3% of the shares in these days, increasing the original shareholding to 39.1%. The two combined reached 75.3% of the shares.

At this moment, even if Li Jiacheng violates the agreement and does not sell his shares to Lin Baicheng, Lin Baicheng, who holds more than 75% of the shares, has completed the full acquisition of Qingzhou Yingni Company.

Afterwards, Lin Baicheng will conduct a compulsory acquisition of the remaining shares based on the highest stock price of Qingzhou Yingni on a certain day in the last six months. The remaining shareholders can either choose to sell their shares at HK$3.28, the highest price in six months, or choose to become a long-term minority shareholder after Lin Baicheng privatizes Qingzhou Yingni and delists it.

It is hard to say when shareholders of such delisted companies will see profits. The problem is that the investment money cannot be sold for cash at any time like listed companies. If the company turns out to be worthless, the money invested will also become worthless, so when a full takeover occurs, the remaining shareholders usually sell their shares.

"Then I have to congratulate Lin Sheng here!"

Li Jiacheng was a little surprised. After congratulating him, he said, "Then I wonder if the agreement between you and me is still effective?"

"Of course it worked!"

Lin Baicheng smiled and agreed.

"If you say that, Lin Sheng, I'll be relieved."

Li Jiacheng had no intention of going back on his word, and he did not even ask for or counter-offer, allowing Lin Baicheng to purchase his shares at the highest price of HK$3.28.

Lin Baicheng and Li Jiacheng only verbally confirmed that the agreement had not changed. They did not proceed with the transaction immediately because Lin Baicheng was not the chairman of Qingzhou Yingni Company and had not yet obtained control.

Next Monday, Jinzhou Yingni Company will hold a shareholder meeting and board of directors. At that time, Lin Baicheng will be elected as chairman of Jinzhou Yingni. At the same time, members of the Kane family will resign from the board of directors, truly giving up control of the company. right.

Although he has not yet truly obtained control of Qingzhou Yingni, at noon that day, Lin Baicheng announced the launch of a comprehensive acquisition of Qingzhou Yingni in his own name, and fully acquired the remaining remaining shares at a price of HK$3.28 per share. of shares.

After five trading days, Lin Baicheng will stop the acquisition and then delist Qingzhou Yingni Company. Therefore, shareholders have only two options, either sell the shares at a price of HK$3.28 per share, or keep holding the shares as long-term shareholders of Qingzhou Yingni Company.