Chapter 371 1 Battle to Confer God
Chapter 371: Becoming a God in One Battle
As if they were afraid that Fan Wumian would go back on his word, Sanyao Heavy Industry acted quickly.
A total of six major shareholders with a shareholding ratio of more than 1% and nine senior executives chose to take the opportunity to reduce their holdings, and together they raised more than 3460 million shares. For the sake of internal harmony within the company, they strived to ensure that everyone benefited equally and was happy.
At least now, they are quite happy.
Especially those executives who were forced by the board of directors to spend money to hold shares for show after the stock market crash last year, privately rejoiced that they were finally able to get out of the predicament. Some chose to sell all of their shares, leaving not even a single share.
It's like suddenly going up to a worker and saying that their company, which is only worth tens of millions, will develop into a leading stock worth tens of billions in the future. You will probably be regarded as a psychopath.
These executives work at Sany Heavy Industry all day and are fully involved in the specific management. They also have no idea that they are about to miss out on a huge fortune.
All the wages you earn from working hard for twenty or thirty years may not be as much as the wealth you can earn from stocks during a bull market.
After reading the contract, Fan Wumian murmured that the executives who helped cash out were so unlucky.
But he didn't put a knife to other people's necks and force them to give their stocks to him. As long as he built up a position and gathered all the stocks he wanted to buy, he didn't care which unlucky people were so short-sighted.
For a transaction of such a large scale, the shareholding ratio directly exceeded 7%, so of course it had to be disclosed to the China Securities Regulatory Commission.
The brief announcement only stated that "34638900 shares were traded in the form of an agreement transfer. The price per share was calculated based on the average share price of the previous month. It was agreed that delivery would be made after the ban was lifted, and there would be no impact on the circulation market" and so on.
From the reading between the lines, it is obvious that during the ban period, even if the transaction is completed in the form of an agreement transfer, it is still not fully compliant.
But this time it involves Hong Kong capital, and cashing out can indeed solve the urgent needs of the large state-owned enterprise Sanyao Group. On the premise that there was no particular violation of regulations and the circumstances were relatively minor, the China Securities Regulatory Commission just let it go.
Fearing criticism, the CSRC also found an excuse to mention that Sanyao Heavy Industry's share price had previously reached 9 yuan, which had already met some of the requirements for lifting the sales ban promised last year, so it was specially allowed.
Investors in the market are not buying it.
Retail investors who invested in Sanyao Heavy Industry were furious about this.
The main reason is that the pricing of this agreement transfer was calculated based on the average stock price of last month, which is more than 20 cents cheaper per share than the current stock price.
From a certain perspective, this seems to mean that even Sanyao Group and several important executives feel that Sanyao Heavy Industry's stock price is overvalued, which implicitly gives it a certain amount of room for decline.
really.
On Friday, Sanyao Heavy Industry's stock price fell 3.4% as soon as it opened.
For now, the outside world only knows that it was Tonghai International Securities that conducted the transaction, and the identity of Fan Wumian’s buyer has not yet been revealed.
What a coincidence.
On the same day, an article blasting Sanyao Heavy Industry appeared on the Internet, accusing it of deliberately blocking the US Carlyle Group from acquiring Quzhou Heavy Industry for its own benefit, affecting the livelihoods of countless Quzhou Heavy Industry employees, the development of the mainland's engineering machinery industry, taxation and local finances, etc.
As soon as the article was published, it was reposted crazily, and many public intellectuals took action and criticized Sanyao Heavy Industry through various channels.
As a result, when the market reopened in the afternoon, Sanyao Heavy Industry's stock price suddenly collapsed, with the decline exceeding 8% at one point, and it seemed that it was almost about to hit the limit down.
Even Fan Wumian, who followed the crew to Chiang Mai, Thailand to film, heard the news.
The stock price plummeted as soon as he bought it, leaving him speechless. He felt as if he had been shot in the back.
After reading the news on his laptop, Fan Wumian asked Pu Jiajing:
"You just mentioned that this matter has already made it to the Penguin Weibo hot search list? It sounds weird. This operation is a bit familiar. Using the influence of the news media to suppress opponents and then seek benefits for oneself is an old American routine."
The smartphone just saw some shadows, and the speed of information transmission is not very fast.
Even with Fan Wumian's influence, if he occasionally caused a big stir, it would take a day or two for the news to spread everywhere, so there would be a lag.
For a boring essay like this, it seems difficult to become popular on the Internet in a short period of time if there is no one pushing it behind the scenes. In addition, it actually attracted so many public intellectuals to take action, so Fan Wumian naturally felt that there was something fishy about it.
Pu Jiajing's sense of smell was not that sensitive, and she said with regret:
"Boss, you are unlucky this time. If you trade at today's closing price, you can save 20 to 30 million. I feel bad for you for losing money right after you buy."
The reason why Fan Wumian's identity has not been disclosed to the public is that he changed his mind temporarily and chose to use the credit line of HK$2 million provided by Tonghai International Securities to build a position and buy shares of Sanyao Heavy Industry.
Because Tonghai International Securities and the bank are going through the process, they are not directly using his name for the time being. Moreover, these stocks will not be officially delivered until the lock-up period is over, so they do not belong to him yet.
In other words.
This time, Fan Wumian actually only used 5000 million Hong Kong dollars in cash on the company's books, and the remaining more than 2 million Hong Kong dollars were still in the account.
If you want to know the reason, of course it is more cost-effective to lay eggs by borrowing chickens. The interest rate of capital allocation is lower than that of mortgage loans from banks. Even if you buy more than 2 million Hong Kong dollars into funds, you can make some interest rate difference.
The same is true for 4S stores that sell cars. They will be unhappy if customers choose to pay in full for the car. The two principles are similar.
As a result, Fan Wumian had the opportunity to earn more money, the brokerage firm received a commission, and the bank also completed a performance evaluation. Not only were everyone happy, but the bank also gave him a bunch of shopping cards, various tickets, and high-end gifts. They were crazy about competing for orders.
Seeing that Pu Jiajing actually felt sorry for him, Fan Wumian rolled his eyes at her and said:
"When you were in the entertainment industry, you were quite qualified to be my assistant. You should also learn a little bit about business matters."
"Take this incident as an example. I think the American Carlyle Group sensed a crisis, so it took decisive action to save itself and build momentum for the acquisition of Quzhou Heavy Industry."
"I originally thought it would take some time, but I didn't expect Sanyao Group to sell as soon as it said it would. This means that the higher-ups have given the green light all the way and are helping Sanyao Group to ease its cash flow pressure. The higher-ups' support for Sanyao Heavy Industry itself can explain some issues, such as that they are trying their best to support the development of the local engineering machinery manufacturing industry."
"Perhaps it is precisely because of this that such an article targeting Sanyao Heavy Industry suddenly appeared, hoping to convey to the outside world that 'Carlyle Group's acquisition of Quzhou Heavy Industry is beneficial to the economic development and employment of the mainland', so that the acquisition case can be approved."
Pu Jiajing started working as an assistant for Fan Wumian before she even graduated from university, so it was normal for her to lack some business acumen.
She listened carefully to what Fan Wumian said, and suddenly realized, "Oh~~ You're worried that the acquisition won't be approved, and that makes the American company worried, right?"
"Well, but I'm not sure about the details. There may be some new changes."
Fan Wumian guessed correctly.
The unexpected event really happened, and it was fierce.
In the following two days, Sanyao Heavy Industry launched a strong counterattack. It held a press conference on Sunday and announced that it had received financial support from several large state-owned banks and was willing to bid US$4 million to acquire Quzhou Heavy Industry.
He also strongly criticized the Carlyle Group, saying that it used public relations resources to throw dirty water on Sanyao Heavy Industry in an attempt to bring the local engineering machinery manufacturing industry to a standstill.
In the previous essay, one of the points was that "Sanyao Heavy Industry couldn't afford the money, so it tried every means to obstruct the US Carlyle Group's acquisition of Quzhou Heavy Industry."
Now, Sanyao Heavy Industry has publicly stated that it is willing to spend $4 million to compete with the Carlyle Group, which is higher than the other party's bid. This has completely torn the relationship apart and pushed this anti-hostile takeover business war to a white-hot level.
Fan Wumian is still filming.
I took some time out of my busy schedule to pay attention to the relevant developments, and I was so surprised.
Just because Sanyao Group has the opportunity to acquire Quzhou Heavy Industry and seize most of the mainland's engineering machinery market share, it can at least hit three or four daily limit increases.
In addition, after the loan was successfully disbursed through overtime work over the weekend, Fan Wumian's identity was reported to the mainland Securities Regulatory Commission as soon as possible. With two super good news in a row, the share price of Zhouyao Heavy Industry is likely to soar next week.
When it comes to stock trading, the stock price trend often depends on market confidence.
Because Fan Wumian has never lost in business, his heavy investment in Sanyao Heavy Industry is indeed a huge positive for this stock.
Multiple positive factors are superimposed on each other.
When the market opened again on Monday, Sanyao Heavy Industry's stock price hit the daily limit.
When the market opened on Tuesday, the stock price still reached its daily limit due to huge buy orders.
On Wednesday, Thursday and Friday, the daily limit never loosened. Almost all investors were paying attention to Sanyao Heavy Industry's $4 million acquisition offer and the fact that Fan Wumian was about to parachute in and become the second largest shareholder of Sanyao Heavy Industry.
Because the timing of his move was so perfect, some netizens even shouted: "Fan Wumian must have heard the news in advance. This guy is such a thief!"
The stock price suddenly collapsed last Friday, closing down 7.81%, but five consecutive daily limit increases still allowed Fan Wumian to earn about 1 million yuan.
The share price of Penguin Group rose slowly and did not leave a deep impression on the outside world.
This time, Fan Wumian invested in Sanyao Heavy Industry in full view of the public and made hundreds of millions of dollars in just a few days.
It was clearly a win without any effort, but it made him a legend in the financial circle.
The slap in the face came so suddenly.
The losses of several executives who sold stocks to him ranged from hundreds of thousands to two or three million.
Some people have already started contacting Tonghai International Securities, hoping to invalidate last week's transactions, on the grounds that the stocks are in a lock-up period and in principle are not allowed to be circulated and traded.
Fan Wumian was too lazy to pay attention.
Just find a lawyer with the documents issued by the China Securities Regulatory Commission and Sanyao Heavy Industry, and make that group of people give up as soon as possible and not make things worse.
In addition, the Sanyao Group was specifically notified. After receiving the news, the chairman of the group immediately talked to these executives and warned them that if there was any negative impact, it would not only be the stock returns that would be lost, but whoever dared to mention breach of contract would pack up and leave.
Thinking that as long as the green mountains remain there will be no shortage of firewood, they were forced to stay quiet.
They signed a supplementary agreement with the lawyer sent by Fan Wumian on the spot, promising not to pursue the matter further.
(End of this chapter)