Chapter 297 Acquisition of Qingzhou Yingni! 【1】
When Merlis proposed to acquire Qingzhou Yingni, Ma Shimin and others were not only surprised, but even felt their eyes light up.
Compared to directly and savagely stopping the Xiangjiang Zuopai newspapers’ reports on Mr. Yang’s return to his hometown, or Bao Fuda’s suggestion to deliberately create a scandal between Mr. Yang and a female star to divert attention.
They think Meris' proposed acquisition of Qingzhou Yingni is really good.
"Don't be surprised, everyone. Before the boss returned to his hometown, he had already told me to acquire Qingzhou Yingni at the right time."
When Merlis said it, Ma Shimin and others were even more surprised.
Could it be that the boss even predicted this in advance?
How is this possible?
They really couldn't believe it.
"Since 1978, the boss has been letting people quietly absorb Qingzhou Yingni's stocks. Some time ago, we were already the largest shareholder of Qingzhou Yingni, accounting for 30% of the shares. However, the reason why the boss did not stand up and swallow up Compared with Wharf, Hutchison Whampoa, Jardine Land, and even Heung Kong Electric Company, Qingzhou Yingni is still much worse."
The biggest advantage of Qingzhou Yingni is the production of cement and other building materials, especially Xiangjiang cement, which occupies a large market in Xiangjiang.
In addition, there is a large amount of high-quality land in Hung Hom.
Historically, Li Jiacheng was interested in Qingzhou Yingni, not only for the other party's production of cement and other building materials, but the most important thing was that Qingzhou Yingni owned a large amount of high-quality land in Hung Hom, Kowloon. As long as Qingzhou Yingni was acquired, then Li Jiacheng and Cheung Chiu Industrial You can swallow up these high-quality lands to expand your wealth.
Meris and others couldn't understand why the boss had already paid attention to Qingzhou Yingni?
This is due to the fact that Yang Ming knows Li Jiacheng very well.
Historically, Li Jiacheng easily swallowed Qingzhou Yingni.
Then of course Yang Ming would swallow Qingzhou Yingni easily.
At this time, the Imperial Group was already the largest shareholder of Qingzhou Yingni, with its shares even accounting for 30%. As long as it bought another 19% of the shares, it could control and acquire Qingzhou Yingni.
As for other shareholders?
Although Qingzhou Yingni is a long-established British-owned company, its shareholders are relatively dispersed.
Meris and others also felt that it was very appropriate to win Qingzhou Yingni this time.
"The current market value of Qingzhou Yingni is HK$8.6 million, ranking 19th among listed companies in Hong Kong. Among them, Empire Group has bought 30% of the shares. According to the normal stock price, if it continues to buy and increase the purchase to HK$1.634 million, it can control Qingzhou Yingni. This amount of money is not a problem for the huge funds of the Imperial Group. However, before the boss left, he told me that it would be difficult to swallow it up at a normal price, because the boss guessed that Li Jiacheng We are also quietly absorbing the stocks of this company. In this case, if Li Jiacheng knows that we are already the major shareholder of Qingzhou Yingni, and the market value of this company is not as high as other companies, Li Jiacheng will definitely make a bigger decision than us. Buy at a high price.”
Li Jiacheng?
Speaking of Li Jiacheng, Meris has nothing left.
As for Ma Shimin, the same is true.
At the beginning of last year, they were still paying attention to Li Jiacheng. That was because they knew that Li Jiacheng was one of the most promising Chinese players at the time.
Now Li Jiacheng has been left far away by his boss Mr. Yang. However, they also know that Li Jiacheng is not simple and should not be underestimated.
In this case, it would be difficult to buy Qingzhou Yingni's shares at normal prices. The only way to increase the purchases is through a premium.
"What do you think is the appropriate premium for this acquisition of Qingzhou Yingni?"
What's an appropriate premium?
Ma Shimin and others are thinking.
Without Li Jiacheng, based on today's Qingzhou Yingni stock price, a premium of 10%-30% is reasonable. Because Li Jiacheng is also grabbing Qingzhou Yingni shares, this premium may not satisfy other investors.
"Mr. Merlis, I think a 50% premium for additional purchases is more appropriate."
50%?
That's quite a lot.
For example, when Empire Group acquired Wharf, it purchased more shares at several times the stock price.
Empire Group acquired Jardine Matheson Land and purchased the property at ten times the share price.
However, something like this is almost impossible to happen.
Because the value of Qingzhou Yingnid is not as high as that of those companies. The most important thing is that Imperial Group is now the largest shareholder, occupying 30% of the shares. Under normal circumstances, if other shareholders want to compete with Imperial Group for Qingzhou Yingni, that will basically be the case. impossible.
Except for Ma Shimin, Li Caixin and others all expressed their opinions.
Li Caixin doesn't like Li Jiacheng.
So does Weili.
Even Peter Wei and Xia Boyin are.
Why is that?
Mainly because they heard that Li Jiacheng not only made his fortune from his mother's family, but also that he had been trying to swallow up Hutchison Whampoa by relying on his relationship with Shen Bi. In the end, Hutchison Whampoa was swallowed up by the boss, Mr. Yang.
It is precisely because of that that Li Caixin, Wei Li, Xia Boyin, and Wei Peter all dislike people like Li Jiacheng.
"Mr. Merliss, I agree with Ma Shimin's statement." Weili said.
The market value of Qingzhou Yingni is not high. With Li Jiacheng's net worth, if he has already acquired part of Qingzhou Yingni's shares and wants to control Qingzhou Yingni through additional purchases, Li Jiacheng should still be able to do it.
They also know that Li Jiacheng's offices in Wharf, Jardine Matheson, Heung Kong Land, and even Heung Kong Electric Lighting Company should all make some money.
Bao Fuda, Wei Peter, and Xia Boyin also thought Ma Shimin's suggestion was good.
"Miss Kayla, Miss Tang Shilian, what about you?"
"Mr. Merliss, I agree with Mr. Ma Shimin's statement that Li Jiacheng's strength is far behind ours, but we cannot underestimate him."
If the additional purchase premium is too low, Li Jiacheng will definitely seize the opportunity to take control of Qingzhou Yingni. If they want to swallow up Qingzhou Yingni again, they will be in trouble.
Before Yang Ming appeared, Li Jiacheng's series of acquisitions in Xiangjiang were actually very impressive.
For example, in 1977, Li Jiacheng acquired the US-owned Yonggao Company, cooperated with the Xiangjiang Metro Company, and even cooperated with Huifeng Bank in the China Banking Corporation. This is enough to show that Li Jiacheng is indeed very powerful in this regard.
Now I happened to meet Yang Ming.
"Then the vote is now in favor of Mr. Ma Shimin's purchase at a premium of 50% to 49% based on the current stock price of Qingzhou Yingni. The vote is decided!"
Merith himself raised his hand in approval.
Ma Shimin naturally raised his hand.
Others raised their hands.
The additional purchase price is actually not that easy to set. If it is set too low, Li Jiacheng and others can take advantage of it. If it is set too high, the Imperial Group's funds will of course be lost.
Based on the current stock price of Qingzhou Yingni, they will purchase additional shares at a 50% premium. They feel that the price is neither high nor low, and Li Jiacheng does not dare to make a move easily.
After everyone made a unanimous decision.
Then the next press conference will be held about additional purchases.
Meris said: "Everyone, we will hold a press conference in the Imperial Group conference room at 00:30 tonight. If you have time, you can attend or not."
The current acquisition of Qingzhou Yingni by the Imperial Group does not seem to have much to do with Ma Shimin and others, except for Mailisi and Tang Shilian.
If they all attend the press conference, it will inevitably attract more reporters' attention.
Please subscribe!