Chapter 370 Is there such a good thing?

Chapter 370 Is there such a good thing?

Chapter 370 Is there such a good thing?

The brokerage firm contacted Fan Wumian again the next day.

He told me that a document had been sent to his email, which was the "Securities Issuance Management Measures for Listed Companies" which was just announced by the Mainland China Securities Regulatory Commission more than ten days ago.

It stipulates that mainland listed companies are beginning to be allowed to issue targeted additional shares, but it is still in the public announcement and consultation stage and has not been formally implemented.

Upon learning that there was an opportunity to save a large sum of money, Fan Wumian made careful inquiries and discovered that the price of the new shares issued through private placement could be calculated based on 90% of the average price of the previous trading days, but that the sale of these shares would be prohibited within one year of the issuance and would not be allowed to be listed for trading.

The disadvantages are obvious. Because there is a lock-up period, it is troublesome to reduce holdings and cash out, which does not meet the need to make a quick buck and run away.

The advantage is that the price of a private placement is cheap, and there is no need to take the risk of a premium and find ways to purchase from major shareholders. While being able to spend the 3 million Hong Kong dollars at one time, there is also a chance to push up the share price of Sanyao Heavy Industry.

Because a targeted share issuance is a type of financing, a company will have a large amount of liquid cash on its books, which is beneficial to many listed companies. However, purchasing shares from major shareholders through an agreement transfer will not have much impact on the market.

Of course.

It also depends on the person.

Some media called Fan Wumian the "Little Stock God of Hong Kong". People outside believed that he had incredible luck. As long as the news that he had a large stake in Sanyao Heavy Industry spread, the company's stock price would most likely rise.

The successful investments in companies such as Penguin Stocks, Youtube, and Eastern Gold have long proved to the outside world how sharp his vision is.

Therefore, the advantage of "targeted share issuance helping to push up stock prices" can basically be ignored.

From last year to now.

The share price of Sanyao Heavy Industry has formed a deep "V" shape. Affected by the possible negative impact of foreign companies, a group of major shareholders are anxious to cash out and are unlikely to ask for a premium. They may even be willing to transfer at a discount price.

The only key point that troubles Fan Wumian is whether he needs to extend the investment time to at least a whole year in order to save about 10% of the cost.

If you take into account some other additional expenses, the purchase price may only be reduced by a few points, but there will be a lot of extra trouble.

For example, the news may be leaked in advance, causing a sharp rise in the share price of Sanyao Heavy Industry and pushing up the purchase price of the targeted share issuance, which will ultimately be counterproductive.

If some major shareholders are anxious to cash out, they "accidentally" release the news and run away while the stock price is rising, which is obviously possible.

After weighing the pros and cons.

Fan Wumian, who has always been afraid of trouble, chose to give up the path of targeted share issuance. He hoped that this batch of stocks would be more flexible and free, so that he could cash out at any time.

After giving a reply to Tonghai International Securities, we started taking action that same day.

Stockbrokers began to contact the major shareholders of Sanyao Heavy Industry one by one, anonymously asking Fan Wumian whether they had any intention to sell.

The first call was made to Sanyao Heavy Industry’s parent company, Sanyao Group.

at the same time.

After receiving the report from his secretary, the chairman of Sanyao Group picked up the phone and was stunned to learn that Tonghai International Securities Company wanted to purchase more than 3 million yuan worth of stocks at one time.

The first thing I thought was, "Is there such a good thing?"

In order to avoid a sharp drop in stock prices, San Yao Group had previously used too much money for repurchases, which put it under great pressure on liquidity.

Its shareholding ratio in Sanyao Heavy Industry has exceeded 66%, which means that two-thirds of the shares are in its hands. It has long considered finding an opportunity to sell part of the shares to boost the liquidity of the stock.

Don't worry as it's still in the ban period.

Now sign a contract, set the price, and explicitly stipulate that after the stock ban is lifted, register the transfer of shares at the agreed price. Although it does not quite comply with the regulations of the China Securities Regulatory Commission, such a contract is also legally binding.

After some thought, I feel capable.

Especially since its subsidiary "Sanyao Automobile" is half-dead, this subsidiary has long wanted to sell its 2.62% stake in Sanyao Heavy Industry for cash.

It was a rare opportunity to meet such a big money sponsor. The chairman of Sanyao Group asked about the price and learned that he hoped to complete the transaction based on the average price in March.

Today, each share of Sanyao Heavy Industry is worth 9.29 RMB, and the average price in March was around 3 RMB. Since we are buying about 9% of the company's total share capital at one time, this price is reasonable and can be negotiated.

After the chairman of Sanyao Group hung up the phone, he smoked a cigarette and looked at the recent stock price chart. He felt that the market outlook was not clear enough, and it would be a good choice to hold more coins and wait and see.

then.

He made another phone call to report to his superiors and heard that a Hong Kong-funded enterprise wanted to acquire shares. He immediately received a positive response of "support in principle".

The rest is easy to handle.

On the one hand, he asked the secretary to convene a meeting of board members to vote and discuss, and on the other hand, he asked which shareholders were in trouble and urgently needed to cash out.

Sanyao Group is preparing to cash out about 4% of its total share capital, and the remaining shares can be given to its subsidiary Sanyao Automobile and some executives who hold shares in Sanyao Heavy Industry.

The mainland stock market.

It is very difficult for major shareholders to cash out and sell, but it is very easy to spend money to buy and build a position.

In the past, it was because no one bought and there was a lack of investors in the market. Since its listing, Sanyao Group could only beg for money with its golden rice bowl for a long time.

Quzhou Heavy Industry is losing so much money that it is about to be acquired by a foreign company. Sanyao Heavy Industry is also having a hard time. Let alone paying dividends to the parent company, it should be thankful that it can just barely hold on.

Except for Fan Wumian, no one could have imagined how hot the real estate and infrastructure market would be in the next few years, and how great the demand for various machinery would be. At least in April 2006, he opened a position at a price of more than 4 yuan per share, which seemed like a "high-priced takeover".

The next morning.

On the Sanyao Group side, several board members argued endlessly, and it took more than two hours to pass the resolution unanimously.

The debate is not about "whether to sell or not", but about the shares to be sold by each party. Sanyao Auto wants to cash out, the executives want to cash out, and several fund companies holding shares also want to cash out.

Sanyao Heavy Industry's net profit in the first quarter of this year was around RMB 1 million, and its total market value today is slightly less than RMB 43 billion.

According to this figure, cashing out is equivalent to getting the net profit for the next 10 years in one go. It is no wonder that countless bosses of listed companies do not want to do business steadily, but are just trying to cash out and leave.

After all, no one can predict what the future returns will be, but the benefits of cashing out in advance are real. After cashing out, you can retire where you are. Who would be foolish enough to take risks with investors?

The vast majority of stocks are rubbish, but after a long period of time, opportunities to get rich quickly will often appear.

When Fan Wumian received a call from consultant Tang Kun, he was filming with Stephen Chow and Uncle Tat.

Hearing that Sanyao Group was leading the transaction and agreed to sell about 9.08 million shares at a price of 3460 RMB per share, he asked in surprise:

"Such a large sum of money was negotiated so quickly? Didn't they say it might take a week or two?"

Consultant Tang Kun was also speechless and replied:

"The other party is quite proactive. Maybe they are short of cash. If that's okay, shall we sign the contract today?"

“Okay, send me the file.”

------------

After being an actor for so many years, Xingzai began to try to transform himself into a businessman. He not only opened a film company, but also built a mansion, bought shops, and invested in some foreign companies.

Very sensitive to the word "money".

When Fan Wumian handed the phone to Pu Jiajing, Xingzi asked curiously, "Hey, what's the matter with the contract and the large sum of money you just mentioned?"

He had a cold relationship with everyone he met, and rarely lost his temper or showed a bad face to Fan Wumian, which was considered very restrained. From Gao Yuanyuan to Da Shu, they were all scolded by Xingzai in an impatient tone.

Fan Wumian had seen it so many times with his own eyes that he finally understood why the actors and crew members who had worked with him had such dark faces when they mentioned him.

Seeing that Uncle Tat and Sing were both staring at him, he waved his hands and said:

"After selling A Quiet Place 2, I received a sum of money, which I kept in the company account for the time being. So I chose a mainland listed company and bought more than million yuan of shares. I just reached an agreement and it seems that I will become the second largest shareholder."

Uncle Tat's private life is quite complicated, as he has a large family to support. After hearing this, his expression was full of envy, and he showed his signature smile and said:

"It's a rule in the industry that whoever sees it gets a share. Mr. Fan, don't eat alone. Which good stock made you spend so much money? Please recommend it to me."

As soon as these words were spoken, the directors, lighting technicians, and sound engineers around them all pricked up their ears.

Especially those people in Hong Kong, apart from being extremely sensitive to the property market, the rest of them are stock speculation and are particularly obsessed with gossip.

It is so difficult to make money by working, and everyone hopes to get rich overnight.

Fan Wumian didn't know whether to laugh or cry, and continued to answer:
"The shareholding ratio is a bit high, and we will report it to the China Securities Regulatory Commission. I guess you will see relevant news tonight or tomorrow."

"It's not that I don't want to say it, but I can't say it before the contract is signed. If it gets out, it will easily affect the transaction plan."

"I'm happy today. I'll treat everyone to seafood tonight. We'll have mantis shrimp as long as your forearm. Everyone can have one."

There are more than 50 people in the entire crew. Based on the daily food expenses of 200 yuan and accommodation expenses of yuan, the cost of shooting for one month would be to yuan.

In addition, there are transportation, wages, etc., which are quite expensive.

The main reason why Fan Wumian often treats people to dinner is that in the face of the high pressure from Xing Zai, he needs to adjust the atmosphere of the entire crew. What if someone breaks down and runs to the media to complain, or does something else in a fit of rage, it will easily affect the box office results.

Uncle Da was about to continue speaking.

Suddenly, a few Thai sirs came riding tuk-tuks, honking their horns to attract attention, and then shouted loudly in Thai after getting off the cars.

Fan Wumian didn't understand what he said at all, and subconsciously thought that someone had called the police to stop him from filming.

After the translator finished asking, I learned that a crew member secretly ran to find my younger sister at night, but was stopped by my younger sister's boyfriend at the critical moment, who demanded 2 US dollars in compensation.

Then the staff member got into an argument with others and was beaten up in the alley. He is currently lying in the hospital and his wallet, watch, and cell phone were all stolen.

It was a moderate concussion with some minor injuries, not too serious.

In many places in Bangkok, every night there are girls dressed coolly, standing in groups of three or five on the street to solicit people. Most people can't stand it.

Even though the director had expressly forbidden people from leaving the hotel, some people were still tempted to go out and have fun.

After hearing this, Master Xing’s face turned very dark.

The stagehand was from his company, and he just quietly asked his assistant to help him sort it out, gave him some medical expenses, and bought him a plane ticket to go home.
(End of this chapter)