Chapter 219 Successfully Acquired China-Pakistan Bus

Chapter 219 Successfully Acquired China-Pakistan Bus

Chapter 219 Successfully Acquired China-Pakistan Bus
On July 7, a shocking news suddenly spread in the market that the sticky note king Yang Wendong officially announced that he would buy China-Pakistan shares at a price of HK$4 per share;
This price is 120% of the current China-Pakistan stock price, which drove countless investors crazy in an instant. A 20% profit may not seem like much, but for many people, it is the result of a few days of work. No matter what real estate investment you make, the increase can ever be compared to this.

Standard Chartered Bank specially arranged a table inside the Hong Kong Stock Exchange to exchange money for goods. The cash drafts given were also bank drafts. Anyone who received the cash could go directly to any branch of Standard Chartered Bank to withdraw the money. A large number of investors immediately came to line up.

At this point, everyone in Hong Kong who cares about stocks knows that the behavior of China-Pakistan Stock Exchange in the past few days must have been done by Yang Wendong. The purpose of such operation was naturally to acquire China-Pakistan.

However, no one knows yet how many shares Yang Wendong holds and how many shares he is planning to acquire.

An hour later, another piece of news came that the Yan family, the current controlling family of China Motors, announced that it would buy back China Motors shares at HK$30 per share. As soon as the news came out, all the shareholders who had lined up in front of the table of Standard Chartered Bank immediately dispersed;

The Yan family also set up a table opposite, and some people went there to sell stocks, but the number of people was much smaller than that at the Standard Chartered Bank table just now.

On the second floor, Yang Wendong looked at the crowd standing nearby and said to Huang Yaonan beside him, "These people probably want to wait for us to raise the price."

Huang Yaonan nodded and said, "Yes, everyone is smart. In this acquisition war, they are all waiting for the final bargaining chip between us and the Yan family."

"This Yan Chengkun really has something wrong with his brain. He insists on wasting money on me even though he knows he can't win." Yang Wendong said helplessly.

Huang Yaonan said: "After all, it is a family business, and when you lose it, you will definitely want to keep it at all costs.

Take my Huang family for example. We have never controlled China-Pakistan for decades, but two generations have been trying to gain control of China-Pakistan at all costs. "

"Well, that does make sense." Yang Wendong nodded.

Historically, the Huang family waited until the 80s, realizing that there was no hope, before selling their stocks.

All the hard work for 50 years is just for the sake of not giving up. Otherwise, they would have sold their CMB shares early and bought a house to collect rent, and maybe life would have been easier.

Huang Yaonan added: "However, apart from us, outsiders don't know how many shares we have. The Yan family's current struggle will only make them heavily in debt."

"That's why I didn't announce it." Yang Wendong nodded and said, "He struggled and got into a lot of debt. After we take over China Bus, the stock price will return to normal levels, and Yan Chengkun will have to sell his stocks to pay off his debts."

Even if this acquisition is successful, the Yan family will still be the largest shareholder of China-Bus. Yang Wendong and Huang Yaonan have joined forces to have an overwhelming advantage, but the Yan family will still have a veto power.

This will pose a great threat to Yang and Huang's future operation of minibuses.

Therefore, this acquisition must either be a friendly one, where the owner spends his own money to buy the shares held by the Yan family at a slightly higher price, or it will increase the Yan family's debt.

Otherwise, if I buy the remaining few points at a very high price in the short term, and Yan Chengkun is unwilling to sell the stocks to me later, it will become a big trouble.

The two generations of the Huang family have been able to endure grievances for 50 years in order to fight for the management rights of China-Pakistan. Who knows if the Yan family will be the same?
Huang Yaonan nodded and said, "Yes, I didn't think about the future problems. Mr. Yang is really resourceful. Even if we do this, you will spend a lot more money."

"A few points of shares, no matter how many, will only cost a few hundred thousand Hong Kong dollars more." Yang Wendong didn't care: "The most important thing is to ensure that we can smoothly manage China Bus in the future."

"Thank you, Mr. Yang, for fulfilling the wish of my Huang family for many years." Huang Yaonan said with genuine gratitude: "From now on, Mr. Yang will have the final say on the routes of the minibus."

He also knew that one of Yang Wendong's purposes in acquiring China Bus was to control China Bus's routes and thus facilitate his own real estate development.

Yang Wendong said: "Well, okay, but don't worry, I won't blindly violate the most basic economic laws and forcibly open new routes.

My residential projects are all high-end. These places are not small in scale, and there will be no shortage of people after the communities are built. Such places should have buses passing through, which is also good for minibuses. "

"Haha, that's great." Huang Yaonan was very happy.

After learning about the management models of Changxing Real Estate, Changxing Shipping and Changxing Industry, he also knew that he could manage China Bus in his own way in the future, because Yang Wendong basically didn't care about too many things, except for some things that required coordination with the entire group's strategy.

Yang Wendong nodded and said to Wang Lianhua on the other side: "Next, let the Yan family consume their own funds. We will slowly cooperate with them to slowly increase the stock price."

Wang Lianhua agreed and said, "Okay, Mr. Yang, don't worry, I will definitely make the Yan family spend every penny they have."

On the other side, Yan Chengkun was also watching the shareholders downstairs and was aware of what ordinary shareholders were thinking.

He Shanheng behind him said, "Mr. Yan, it's not too late to withdraw now. If you two really start a price war, it will be too late, and the Yan family will be heavily in debt."

Yan Chengkun shook his head and said, "As long as I can keep the control of the family company, I will persist no matter how heavy the debt is. What, Hengsheng is unwilling to help?"

"Of course not, we are doing normal business." He Shanheng said: "Your stocks can be mortgaged in any bank to get an emergency loan.

But as a friend, I still advise you to sober up and see the reality. Even Hang Seng Bank is unwilling to confront Yang Wendong's financial strength, and we don't know how many shares he has held in conjunction with the Huang family. "

"It can't be much, otherwise, they would have continued to raise the price." Yan Chengkun said confidently: "They didn't catch up with us because they are still a long way from 50%."

"You only believe in what you think." He Shanheng said without further ado: "According to the agreement, I will give you the loan funds, but no matter whether you succeed or fail in the future, the pressure of repaying the loan will inevitably be great.

The banking industry has become very cautious because of the Liu Chongxing incident. If there are any problems in this regard in the future, I will not be able to help you. You should think it through carefully. "

After saying that, He Shanheng left.

Yan Chengkun was alone in the room. Suddenly, the phone rang. He picked up the phone and said, "What? The other party raised the price by 5 cents? Then we will just increase it by 1 yuan."

After hanging up the phone, Yan Chengkun believed in his own judgment even more.

In the following two days, Hong Kong's stock market experienced a small wave of lively climax.

The current management of China Pakistan and the acquirer were competing with each other to raise the price. Many shareholders were also jumping back and forth, waiting for a higher transaction price. Some shareholders just wanted to take profits and pocket the cash first.

On July 7, Yang Wendong from Standard Chartered Bank’s office received good news when he once again came to the vicinity of the Hong Kong Stock Exchange.

Wang Lianhua and Huang Yaonan came over together. Wang smiled and said, "Mr. Yang, just an hour ago, we have successfully acquired enough stocks. Now your stocks plus Mr. Huang's stocks have reached 50.02%."

"As expected." Yang Wendong smiled. In terms of financial resources, they were not on the same level at all.

The only special thing is that the Yan family holds a higher share of stocks. If he hadn't won over the Huang family, it would have been almost impossible for him to succeed.

Huang Yaonan's face was filled with joy, and he asked, "Mr. Yang, do you want to make this public?"

"Don't worry, we have already won, so it doesn't matter if it's a few days late." Yang Wendong vetoed, "The most important thing now is to find a way to abolish the veto power held by the Yan family, otherwise our subsequent operations will be in endless trouble."

Huang Yaonan nodded and said, "I understand. I was too impatient."

"I understand Mr. Huang's feelings. You should first think carefully about how to manage the China-Bus Company in the future." Yang Wendong said to Wang Lianhua:

Mr. Wang, we will continue to buy stocks on the stock market. Even if we lose money, we must ensure that Yan Chengkun loses more. As long as he is overly indebted, when we take over China Bus and the stock price falls, he will have to sell the stocks he has bought at a high price now. "

"I understand." Wang Lianhua agreed.

Having worked in finance all his life, he has never encountered this kind of game. Generally, as long as the acquisition is successful, the company will basically be taken over publicly.

But Yang Wendong's consideration also makes sense, as it is necessary to avoid the other party having a veto power.

……

A few days later:

Yan Chengkun looked delighted and asked his subordinates, "Is the Huang family giving up?" His subordinates said uncertainly, "Although they are still buying, the scale is not as large as before, and the speed of raising the price is not as fast as ours.

only……"

"Just what? Just say it if you have something to say." Yan Chengkun asked anxiously.

The subordinate paused and said, "It's just that according to our understanding, the financial resources of the sticky note king are far greater than what is currently shown. This is a bit abnormal!"

"I know that too." Yan Chengkun nodded. "It is also possible that the acquisition of China-Mexico Bus was just a small matter for the other party. Seeing that they would suffer heavy losses if they continued to fight with us, they gradually gave up?"

He himself was a little unsure, but this was his lifelong career, so he was more confident that he was right.

"Perhaps it is possible." The subordinate said again: "Yansheng, our shares are close to 37%, plus the shares of several other shareholders, if the main shareholder is a little more ruthless, we can have close to 46%.

If we were to make a more aggressive acquisition, the other party would have to acquire almost all the other shares if they wanted to obtain a controlling stake, which is almost impossible.”

"Okay." Seeing that there was hope of saving the family business, Yan Chengkun said, "Invest all the funds in it, including the loan from Hang Seng and some of the properties I sold."

"Yes." After the subordinate agreed, he left immediately.

After arriving at his office, he immediately made a phone call: "Mr. Liu, tell Mr. Huang that Yan Chengkun is ready to put down the last sum of funds."

……

After Huang Yaonan received the news, he immediately found Yang Wendong, who was discussing stock market operations with Wang Lianhua at the moment.

Yang Wendong asked: "What's the latest news?"

Huang Yaonan said: "Yan Chengkun has fallen into the trap. He is ready to make a ruthless move and acquire the shares to a safe level."

"Okay." Yang Wendong nodded and said to Wang Lianhua, "Mr. Wang, we can sell the stocks we have acquired in the past few days to Yan Chengkun at a higher price. By the way, we can also make a small profit. For us, 50.01% of the shares will be enough."

"I understand." Wang Lianhua agreed.

……

Soon, news came from the market that the Yan family continued to purchase stocks at a price of 32 yuan per share, which shocked the market.

A large number of people poured into the Hong Kong Stock Exchange like a tide, and in less than half a day, they sold their stocks to the Yan family.

In the afternoon, there were fewer people selling stocks, but many people came to the Standard Chartered Bank desk from time to time to ask whether the price would continue to rise.

Yang Wendong was still upstairs, drinking coffee and looking down.

Wang Lianhua came over and said, "Mr. Yang, we have cleared all the excess stocks in our hands. We have made hundreds of thousands of Hong Kong dollars from these 3% of stocks."

"We made a profit, not bad." Yang Wendong said, "The Yan family spent so much money, so the funds should be almost gone, right?"

Wang Lianhua said: "It should be about the same. Although I don't know the exact number, they have invested at least 5 to 6 million yuan during this period of time."

"That's about enough. It's time to end this farce." Yang Wendong nodded.

He would not force the Yan family to bankruptcy, otherwise it would not do him any good. Even if the other party lost this time, he could still live the life of a rich man.

Wang Lianhua smiled and said, "Okay, then I'll prepare to announce it."

……

On July 7, at the Hong Kong Stock Exchange, Wong Yiu-nam invited some Hong Kong reporters to officially announce that he already had more than 12% of the shares and would soon formally take over China Motor Bus;

At the same time, in order to thank Mr. Yan Chengkun for his contribution to China-Barcelona over the years, he can still serve as a board member of China-Barcelona.
Under the camera of numerous reporters, Huang Yaonan was in high spirits. He finally fulfilled his father's wish that had been passed down for decades.

At the same time, Yan Chengkun, who learned the news, suddenly felt a black screen in front of his eyes and almost couldn't stand up.

Several people around him quickly supported him. After Yan Chengkun recovered, he asked, "How is this possible? I have been buying up stocks these past few days, and that kid Huang Yaonan hasn't made any big moves. How is it possible that he suddenly owns more than half of the stocks?"

One of his subordinates said, "Mr. Yan, this should be true. If you tell a lie at a press conference at the Hong Kong Stock Exchange, you will be held legally responsible and will be cut off from the Hong Kong business community."

Yan Chengkun suddenly fell silent, and several people around him also began to think in their hearts. The owner of the China-Pakistan Bus was going to change, so what should they do?
The next day, Yang Wendong and Huang Yaonan came to the China-Bus headquarters in Causeway Bay:

Even if Yan Chengkun looked unhappy, he had to come forward. The two sides were naturally on edge when they met. However, Yang Wendong said, "Mr. Yan, at this point, I think we should sit down and have a good talk."

"The China-Pakistan bus is already yours, and I have nothing to say." Yan Chengkun said coldly.

Last night, he confirmed that Yang and Huang really owned 50% of the shares, because several small shareholders with whom he had a good relationship had already secretly sold their shares.

With the notarization from the Hong Kong Stock Exchange, it is impossible for this matter to be false.

Yang Wendong said, "I'm not talking about this matter, but since Mr. Yan can no longer run the minibus, why don't you sell the shares you have to me?"

"You still want the stocks I have?" Yan Chengkun glared at him.

Yang Wendong shrugged and said, "Mr. Yan, I want your stocks because I am helping you. You have invested millions in the stock market in the past few days. The pressure of debt is not small, right?"

"Mr. Yang doesn't need to worry about this," Yan Chengkun said.

Yang Wendong said: "Yesterday, after Mr. Huang announced the completion of the acquisition, the China-Pakistan stock price plummeted by almost 40%. The value of the stocks held by Mr. Yan also shrunk significantly.

Although this is your private matter, you are also a major shareholder of the company, so we naturally need to ask about your financial risks."

"Don't worry, both of you." Yan Chengkun said, "I can solve my financial problems myself."

Yang Wendong smiled faintly and said, “That’s good, but Yan Sheng still needs to think it over carefully. The price I can give you now is definitely good;

Just like when we were at Hang Seng Bank, if you had agreed then, you would have lost at least a few million less than you are now, right?"

Yan Chengkun didn't say anything, and seemed to have a hint of regret.

Yang Wendong added: "Mr. Huang, according to the requirements of the Hong Kong Stock Exchange, due to the acquisition war, the floating stock has been greatly reduced. The current situation of China Bus no longer meets the requirements of a normal listed company.

Therefore, please submit a request for additional share financing to the Hong Kong Stock Exchange so that all of us can dilute our shares and bring liquidity to the market. "

"Yes." Huang Yaonan smiled. This was also an open conspiracy, using a legitimate reason to reduce the proportion of stocks held by Yan Chengkun.

As for his side, when he obtains the management rights, it will be possible to take back China-Pakistan unless Yan Chengkun obtains another 50% of the shares.

"Wait." Yan Chengkun also knew that once the shares were expanded, he might lose his only advantage, and then said: "I'll think about this matter."

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(End of this chapter)