novellhall Chapter 37: Decisive Action, Premium Acquisition
Chapter 37: Decisive Action, Premium Acquisition
Around 12:15 pm.
Central Chinese Building, Da Zhihui Financial Investment Limited.
In Wang Fusheng's office.
At that moment, he hung up one phone call after another.
He had made countless phone calls and arranged for numerous people to meet with people that morning.
While he was on the phone, he was also waiting for a call to report good news.
He was restless all morning.
Even with my coat off, tie loosened, and air conditioning on, I couldn't stop the sweat from streaming down my forehead.
At 12:30.
Ring ring ring!!
The phone rang on his desk.
Wang Fusheng quickly answered the call.
"Hello! This is Wang Fusheng."
"Manager Wang, the 390 million shares of Qingzhou Yingni held by Galaxy Bank, representing a 5% stake, were traded at HK$3.2 per share, with a premium of 7%, resulting in a price of HK$3.424 per share. The total transaction amount is HK$1335 million."
"The amount needs to be paid immediately."
"Great, that's fantastic! You've got your bonus for this month. Give me your account number, and I'll pay you right away."
"Thank you, Manager Wang. The account number is..."
Shortly after Wang Fusheng made the payment, the phone rang again.
"I am Wang Fusheng."
"Manager Wang, Standard Chartered Bank has completed the transaction for its equity stake in Qingzhou Yingni at HK$3.2 per share, a premium of 8%, for a total of 468 million shares, representing more than 6% of the equity. The total amount is..."
"Manager Wang, Hong Kong and China Trust is willing to make the transaction, but the premium is 10%, for a total of 662 million shares, representing 8.487% of the equity, and the total amount is..."
A series of good news followed.
Wang Fusheng's anxiety finally subsided. He was originally covered in sweat, but now he felt a cool breeze and quickly ran to turn off the air conditioner.
"That's fantastic! The three sides combined have 1520 million shares, plus the 300 million shares traded in the market this morning, for a total of 1820 million shares, representing 23.33% of the equity. If nothing unexpected happens, we should be able to complete the mission."
At this moment, Wang Fusheng whistled a cheerful tune, and his stomach finally started rumbling.
He completely forgot to eat lunch.
He immediately picked up the phone: "Hello! Guangji? Send me a serving of Tianjiu shark fin to rinse my mouth, and also a three-abalone set meal to my office at Dazhihui."
"Hey! Old Wang next door, you're eating so well, you've struck it rich today! Is there some good business opportunity? You could help me earn some extra cash."
"Big Guy, you shitty bastard, did you believe me when I told you to buy Wharf Holdings last time?"
"You've got L in your name..."
Manager Wang hung up the phone after he finished yelling.
He was very familiar with the restaurant owner, and they often made jokes like this, which were not offensive at all.
1:30 PM.
Wang Fusheng came to the exchange in person.
"Get everything ready. We'll buy up all the Qingzhou Yingni goods in the market at any cost."
"Remember to be quick. We have a maximum of five minutes. If we attract the attention of investors, something unexpected could happen. Do you all understand?"
"receive……."
"Let's get started."
To complete the task, Wang Fusheng arranged for more than a dozen agents to come and help.
In this day and age, trading stocks requires making phone calls and confirming orders, making the process extremely complicated.
If there aren't enough people, it's difficult to clear out all the orders in the market in a short time. If it's slow, it will cause market fluctuations, and investors will pay attention.
It requires a large number of people with well-defined tasks to complete the purchase of all the Qingzhou Yingni shares listed on the market in a short period of time.
Five minutes passed...
"One set complete."
"Group Two complete."
"Group three is complete."
"Yes, you guys are awesome."
"Go down and confirm the order immediately to proceed with the transfer of ownership."
"Okay, Manager Wang."
Just as Wang Fusheng finished his task, the stock market investors finally realized what was happening.
Inside the trading hall.
"What's going on? Why are all the transaction records for Qingzhou Yingni clay?"
"What happened?"
"Are there big buyers snapping up Qingzhou Yingni clay?"
"Does anyone know what happened?"
When the shareholders saw the recorder write down a series of Qingzhou Yingni transaction records on the information board, they were all dumbfounded and started discussing it.
at the same time.
In Li Ka-shing's office at Cheung Kong Holdings.
"Ring ring ring!!!"
"Hello, this is the Chairman's Office at Cheung Kong Holdings."
"This is Gao Jin. Is the boss here?"
"Oh, it's Gao Jin. The boss is away on a business trip."
"Are you away on a business trip?"
"Is Manager Zhou here?"
"Yes, I'll switch your line for you."
"Okay! Thank you."
As soon as the call connected, the person quickly said, "Manager Zhou, something bad has happened. The boss asked me to keep an eye on Qingzhou Yingni stock, and someone just went on a buying spree in the market, buying up all the pending orders."
"What do you suggest we do?"
"What?"
Manager Zhou immediately lost his composure.
Zhou Nianmao, an early core executive of Cheung Kong Holdings, was regarded as Li Ka-shing's "number one general".
He knew all of Li Ka-shing's plans and was involved in them. He also knew the importance of Qingzhou Yingni to Li Ka-shing's future development plans. Now that he heard that someone had taken a bite out of the boss's cake, how could he not be shocked, but he was also helpless.
Although he was the deputy general manager of Cheung Kong Holdings and the top general in Li Ka-shing's company, he had no authority to make decisions on this matter.
Meanwhile, his boss was not in Hong Kong and could not be contacted, leaving him at a loss for what to do.
"Investigate and see who's buying up all that stuff."
"I will contact the boss as soon as possible."
"Okay, Manager Zhou."
Zhou Nianmao was too exhausted to hang up the phone.
He frowned and lowered his head in deep thought.
He really didn't know how to handle the situation.
At the same time, he was unable to contact Li Ka-shing when he went to the mainland, and could only wait for Li Ka-shing to contact him.
"Secretary Chen, come in."
"Manager Zhou, please give your instructions."
"Put all your work aside today and focus on the phone. If the boss calls, tell me immediately. Remember, don't miss a single call," Zhou Nianmao instructed his secretary in a very serious tone.
"Okay, Manager Zhou."
Time quickly came to 2:30 PM.
Meanwhile, on Wang Fusheng's side...
"Nice, you guys are awesome."
"I'll transfer the money immediately, and once the funds arrive, I'll arrange for the transfer of the shares."
"Okay, Manager Wang."
After hanging up the phone, Wang Fusheng finally breathed a sigh of relief: "The mission is finally complete."
After picking up the phone and instructing the payment, he looked at the number recorded in his notebook: "35.6%". He felt very relieved, and the pressure that had been weighing on him all morning disappeared.
After adjusting his mindset, Wang Fusheng picked up the phone again and dialed Lijiagang.
Li Jiagang waits for news in his office.
Ring ring ring!!
He answered the phone immediately when it rang.
"Hello! This is Lijiagang."
"Young Master Li, it's done." Wang Fusheng reported excitedly into the phone, his voice trembling slightly. "With your authorization, we purchased a total of 35.6% of Qingzhou Yingni's equity through multiple institutions and markets at a premium of 8% to 10% above the market price. In the past few hours, we have completed the acquisition."
"35.6%?"
Are you sure?
Upon hearing this number, Li Jiagang on the other end of the phone immediately smiled.
With such a large shareholding, he is already in an invincible position and can withstand the British consortium.
"Yes, Young Master Li."
"Haha, good, good, good."
Li Jiagang's hearty laughter came through the receiver to Wang Fusheng's ears, and he laughed too.
But then Li Jiagang’s calm, icy tone came through the phone again: “Now that the shareholding has reached 35.6%, go and try again, see if you can increase the shareholding to 51% in one go.”
"Yes! I'll take care of it right away!" Wang Fusheng didn't dare to delay, but this time he didn't feel any pressure.
Unlike this morning, when the boss gave him a firm order to acquire more than 30% of Qingzhou Yingni's shares that day, Li Jiagang now says he'll try to increase the shareholding to 51%.
This means that even if he doesn't complete the task, he won't upset his boss. He just needs to do his best to fulfill the tasks assigned by his boss.
However, he was still confident that he would acquire a 51% stake in Qingzhou Yingni in the afternoon.
First, the boss was willing to pay a premium to acquire it.
Secondly, Qingzhou Yingni was not a good stock; in fact, it was a second-rate stock that no one cared about before, so there was no shortage of stock to trade.
Thirdly, Qingzhou Yingni has suffered losses year after year for various reasons. The major and minor shareholders have long wanted to sell, but no one is willing to take over, so they can only keep holding on.
Let's analyze it based on the above reasons.
This gradually gave Wang Fusheng confidence in the acquisition.