Chapter 1849： 1 battle

When Ma Yun's Alibaba wanted to list on the Xiangjiang River, the Hong Kong Stock Exchange, which had already been weakening, was able to allow him to have a shocking stock listing. All conditions allowed him, but only one could not.

That is "different rights in the same stock."

Ma Yun requested that his shares in Alibaba have the same rights but the Xiangjiang Port Exchange insisted on the same rights.

The difference here is not in the par value of the stock itself, but in the voting power.

Different rights for the same stock is a strategy developed by the Americans.

The founder will continue to reduce the company's stocks in the process of continuous financing.

In order to maintain their maximum control of the company, the founders would like to turn their stocks into one share with two, three, or even ten shares of common stock voting rights.

In this way, even if they have only 10 stocks, they can play 20, 30 or more roles.

In a super large stock market like the US, the president of a listed company can have 30 voting rights, which is almost invincible. Usually those institutional investors can have 3 and 5, which is already too much. Thousands of institutional investors may not even be able to control 1 stock.

Therefore, the terms of the same shares with different rights are very beneficial to these entrepreneurs.

But for other investors, Wulu is not an institutional investor or an ordinary investor, so it is not so friendly.

I worked hard to buy stocks. Although earning money is the most important thing, you deprived me of the right to vote and express my attitude to the company, which is a bit uncomfortable.

It's just that this atmosphere has already formed in the United States, and under extreme conditions, when other shareholders united to oust the founders with 40 and 50 voting rights, it was not unprecedented .

So they are acceptable.

Xiang Jiang, however, stated that he firmly wants to defend the rights of every investor. Every Alibaba issue of every stock represents a voting right, no more, no less.

If you want to be different from others, then it violates our rules. I'm very sorry, I can't agree.

Ma Yun certainly did not agree.

He only has about 7 Alibaba shares in his hand. If the same shares have the same rights, it will be difficult for several shareholders to unite and he will step down.

Therefore, with no way to mediate the contradiction between the two parties, Ma Yun gave up the Hong Kong Stock Exchange and chose the US Nasdaq.

This was deeply regretted by the people of Xiangjiang, so they rebuked the Hong Kong Stock Exchange for not being so pedantic, and thus let go of a big fish, or whale.

Why would the shareholders of Xiangjiang scold the Hong Kong Stock Exchange for being pedantic?

In fact, not only because they want to get Alibaba's stock, want to make money, the most important thing is that they have actually experienced such an era before.

They have gone through the era of different rights in the same stock.

In the 1970s and 1980s, Xiangjiang had such different rights for the same shares.

Take the current Wheelock, for example, it is typical of the same shares with different rights.

It's just a different way.

Wheelock's stock is divided into two types.

One is a share, which is a stock with a normal market value, and one share represents one vote.

The other is b shares, the price is one-tenth of a shares, but the same is that one share represents a vote.

Did you see it?

Isn't this the same stock with different rights?

A large number of the 14 stocks in the hands of the Madden family belong to this b-share, thus ensuring that their family's control of Wheelock is not inferior to the voting rights of Zhang Yuliang.

At that time, people in Xiangjiang were very dissatisfied with this approach of Wheelock.

So that after the establishment of the United Stock Exchange in the future, they will abolish this ab-share measure, which can only be the same stock and the same rights.

Is this practice good or bad, it is not what we discussed today.

Any political action in the world will have two aspects, good and bad, depending on the environment and status at the time, and the final results obtained.

Xiangjiang's stock market is now in a period of weakness after a surge.

The lowest point last year was in the late July, when the Hang Seng Index fell to 747 points.

But by the end of the year, after the joint statement came out, the Hang Seng Index skyrocketed all the way until it reached 1200 points by the end of the year, with a total increase of 60.6.

In January of this year, Kirin Real Estate announced the opening of apartments on the Kirin Peninsula. The price of 1,000 yuan per square foot encouraged the market, so the highest point reached 1350 points.

However, during the approaching of the Spring Festival in February, the stock market was now sideways because of lack of good news, and the Hang Seng Index fell to the 1280 point range.

However, the surprise came suddenly.

In preparation, on February 14, Singaporean tycoon Qiu Deba publicly raised an offer to all shareholders of Wheelock.

His offer for purchase is 6 yuan for a share and 6 yuan for a share.

At the same time, Qiu Deba announced that he had acquired 14 shares of the Madden family in his hands, making him the second largest shareholder after Zhang Yuliang.

Under this trend, the stock of Wheelock has risen all the way, and the trading volume is very large.

Because the price of Qiu Deba has exceeded the market price by 10.

Don't underestimate this 10.

Although there is no limit to the increase and decrease in Xiangjiang's stock market, those speculative junk stocks have risen in price by 20 on the first day, and by 20 on the next day ... Such stocks are not bought by many investors.

Everyone has been trading stocks for many years, how can they not even know the basic knowledge?

In addition to luck, you also need to find stocks.

And the first criterion for winning stocks is not to lose money.

Wheelock's stock is that it will not lose money, but it will not make much money.

Because their management is the best at losing stocks and fattening themselves, even though Wheelock's profits have always been good, its stock has not seen any significant price increases.

On the contrary, if there is a stock crash, Wheelock will definitely be the first to fall in price.

So suddenly I met Wheelock's acquisition, and the price was still a profit of 10. Of course, there were many dissatisfied investors who directly sold their stocks.

But there are also many investors who hold stocks in their hands and want to see if there is any movement from Zhang Yuliang's side.

After all, Qiu Deba was here to control Hui Defeng. If Zhang Yuliang did not want to be squeezed out, he would definitely fight back.

Qiu Deba is a wealthy man in Singapore, and Zhang Yuliang is not bad either. He has a total assets of 5 billion Hong Kong dollars.

If we count the family property of the four Zhang family brothers, if the HKD 10 billion cannot be reached, it will not be much worse.

By the next day, there were new trends.

But it was not Zhang Yuliang who shot, but the charter king.

The chartering king suddenly announced to the outside world that the Bao family, in the name of the Baos private consortium, already owns the equity of Wheelock 34, and plans to take a full control of Wheelock.

For the company of Xiangjiang, the standard for controlling the majority shareholder is 34.9, and the standard for complete holding is 50.

In the case of a shortfall of 16 shares, the charter king took the initiative to acquire Wharf.

The price he gave was directly 8 yuan a share of Wheelock a-share, 8 cents a Wheelock b-share.

Calculate the bid, that is Qiu Deba 133.

Qiu Deba did not respond. He and his staff were in a meeting all morning, and had no idea whether to fight this tragic acquisition battle. Le Yiling, the CEO of Kirin Group, issued a statement.

"The Kirin Group will provide a 10 billion Hong Kong dollar borrowing to the Bao's consortium for normal commercial acquisition activities."

Ok.

If the previous charter king's Hu confuses and disturbs Qiu Debu's layout at a high price, Le Yiling's statement is even more fatal.

10 billion Hong Kong dollars!

How many companies in Asia have so much cash?

But Qiu Deba was convinced that Qilin Group did not lie at all.

One month's income exceeds 5 billion Hong Kong dollars, and he holds more than 100 billion Hong Kong dollars.

Although most of this is the unpaid items from the floor sweep last year, it can be used for embezzlement, there will be no problem at all.

Now if the Kirin Group said that it would borrow money, even banks such as Royal Bank of Scotland, Royal Dutch Bank, and Zurich Bank would have to rush to compete with the U.S. National Citibank and Japan ’s Sumitomo Bank to compete and strive to Loan more to Kirin Group.

The aspect of money is an important factor in deciding whether to acquire.

But on the other hand it is still momentum.

Just like the charter king of this acquisition battle.

Five years ago, the charter king was competing with Jardine Yangxing for Wharf. The battle situation was really terrible.

In the end, the charter king raised the price to 105 yuan per share in one breath, only to frighten Jardine Yangxing's class Nibijian and win.

In fact, if the two companies are really struggling to make money, let the charter king be rich again, but it is no better than the Jardine House of Xiangjiang, the largest commercial house in Hong Kong.

But the unstoppable ferociousness of the charter king made New Bi believe that if he wants to fight, he will lose a lot of victory.

It would be better to give back one step, give the Wharf to the charter king, and then sell the stock to gain a lot of income.

So the charter king won.

Now the charter king's 133 is certainly his usual momentum, but compared to the acquisition of the Wharf, the charter king now has one more momentum.

That is the "potential" that Kirin Group lent him!

What is the company of Kirin Group?

In addition to the bank's HSBC, Kirin Group is the largest company in Xiangjiang, with capital far exceeding Jardine Bank.

His boss Yin Jun is the richest man in Xiangjiang and the richest man in the world!

The most important thing is that Yin Jun has a more lofty position in the hearts of Xiangjiang people than Mr. Huo and the charter king. Most Xiangjiang people are willing to listen to him!

Now that Yin Jun has come out to the charter king platform, it is really conceivable to whom the shareholders of Wheelock will sell their shares.

Having figured it all out, Qiu Deba stood like a few years old and stood by the window without speaking for a long time.

After a long time, he sighed and ordered: "Contact Mr. Bao, I want to invite him for a meal!"

It was the veterans who followed Qiu Deba for many years.

Hearing the boss's tone, they were all very sad.

This feeling of being forced to admit defeat even before desperate efforts is really useless!

But they are not fools, and they all know that the boss ’s decision is the most correct and the best way to protect themselves.

Otherwise, let alone one Qiu Deba ~ www.novelhall.com ~ Even ten Qiu Deba, it is impossible to fight the charter king in Xiangjiang and Yin Jun.

Rather than hitting the head and breaking the blood, it is better to admit defeat and leave the game in advance, maybe you can get some benefits.

At least, the stocks of Wheelock can be sold at a good price, right?

After all, it is important to make money when doing business, but stop loss is equally important.

If you are unsuccessful in doing business, you can still make a little money and retreat, which is even more important for a group company.

It's just that everyone is deeply sorry.

If this battle is successful, Qiu Deba can enter the Xiangjiang market and greatly expand his career!

...

The pony leader who grew up eating hot pot rewarded an leader and a leader. I tried my best to update the three chapters, thank you very much!