Chapter 2143 2145 [Building plank roads in the open and secretly destroying Chen Cang]
“We want all Xinghua Real Estate’s goods, as much as we have.” Xiang Nan’s stockbroker shouted in the trading hall.
"Is anyone going to snipe He Yanxiong? This time there is really something good to see."
“Only yesterday did someone attack Zeng Chang, and today someone attacked He Yanxiong again. Who is so bold as to dare to fight with these giants?”
“No matter who he is, he is always doing something for the people. He Yanxiong has sniped at others a lot, and now it’s his turn to be sniped at.”
“I’ll help you beat people up, do you want 100,000 shares?”
?The stockbrokers on the trading floor were very excited.
?Hong Kong stock market tycoons such as Zeng Chang, Chen Manxian, He Yanxiong, and Lin Yingwen have always liked to cause trouble in the stock market. I don’t know how many stock brokers have suffered losses from them.
?So now that they see their misfortune, everyone naturally feels the same hatred and hopes that they will be more unlucky, so they all throw out their goods to help Xiang Nan.
This situation was quickly reported to He Yanxiong by his outbound representative.
"Mr. He, 20% of our circulating shares have been bought by others." The market representative said, "Do you think we should also buy stocks?"
“…” He Yanxiong couldn’t help but hesitate.
He also knew that magician Zeng Chang’s Lianhe Industrial was sniped yesterday. Zeng Chang paid a heavy price for this, with losses estimated to exceed HK$40 million.
If he also launches a counter-takeover, he will also suffer heavy losses. If he does not launch a counter-takeover, the sniper attack may turn into a real takeover, and the entire Xinghua Real Estate will be lost.
"Mr. He, now the stock price has risen to 1.5 yuan, you can no longer hesitate." The market representative reminded again.
?He Yanxiong hesitated for a moment, but finally agreed to purchase the goods and launch a counter-takeover.
Carrying out a counter-takeover will result in a loss of tens of millions at most. But if Xinghua Real Estate is lost, the loss will be hundreds of millions. It was the lesser of two evils, and he knew he would be taken advantage of, but there was no other way.
“Made, I didn’t expect that someone would dare to attack me.” He said very unconvinced.
He has been in the stock market for many years, and he has always been sniping at others. Unexpectedly, now he is being sniped by others, and it has almost become a joke if word spread.
…
?He Yanxiong launched a counter-takeover and competed with Xiang Nan for the shares of Xinghua Real Estate, causing its stock price to naturally rise. By the time the market closed at noon, the previous price of 60 cents had risen to 2.5 yuan.
After some looting, Xiang Nan has already obtained 34% of Xinghua Real Estate''s shares. As long as he gets another 16% of the shares, he will become the controlling shareholder and kick He Yanxiong out.
?However, if the acquisition continues, a mandatory tender offer will be launched.
The so-called mandatory tender offer means that after the acquirer obtains a certain proportion of shares of a listed company, it must issue a public tender offer to all shareholders of similar stocks in the target company.
Such regulations are to protect the interests of small shareholders. After all, the company has a new owner and its business strategy will change, which may be detrimental to small shareholders, so they must be given a chance to exit.
Furthermore, the price of the compulsory tender offer treats both major shareholders and small shareholders equally, which also ensures fairness and justice.
?However, Xiang Nan is not ready to actually acquire Xinghua Real Estate.
First of all, he currently has insufficient funds and most of them are borrowed. Even if the acquisition is successful, in order to repay the money, the shares will still have to be sold and cashed out, and the controlling stake will likely be lost again. That would be equivalent to acquiring loneliness.
Secondly, if he acquires Xinghua Real Estate now, he will not be able to participate in the father-son battle between Chen Wanxian and Chen Taotao, which would be a real pity.
So after the market opened in the afternoon, he asked his stockbroker to acquire some more shares of Xinghua Real Estate to create the illusion that his acquisitions had not stopped, but in fact he began to sell off his shares one after another.
“Sell another 500,000 shares~Don’t be impatient, take your time.” Xiang Nan told the stockbroker.
??Now He Yanxiong is afraid of being sniped by Xiang Nan, so he is actively absorbing stocks. Xiang Nan doesn''t want him to find out that he has withdrawn, so he can only sell in small amounts.
And in order to make a show, while selling in small amounts, they will also absorb large amounts. For example, a small amount of selling three million shares one after another, a large amount of buying two million shares in one go, selling and buying, Xiang Nan''s one million shares have been sold.
But it will not be noticeable due to small selling. The large amount of money absorbed was very eye-catching, so people misunderstood that Xiang Nan was still continuing to snipe.
In fact, he built a plank road openly, secretly maintained his position, and secretly sold out all the stocks in his hands. Moreover, the stock price did not fluctuate much, and all of them were sold at high prices.
Just when Xiang Nan was taking stock of his profits, he heard someone shouting from behind, "Brother~"
Xiang Nan looked back and saw that it was Fang Ting.
“Tingting, why are you here?” he asked with a smile.
“I was an intern at Metropolis Financial Magazine, and the editor-in-chief asked me to interview someone. I came here specifically to look for information today,” Fang Ting explained.
“Okay, tell me who you are looking for information on,” Xiang Nan nodded, “Maybe I know him.”
“Have you ever heard of the name Chen Taotao?” Fang Ting then asked.
“Chen Taotao, I know.” Upon hearing this, Xiang Nan smiled and nodded.
"Really, brother, tell me quickly." Fang Ting said immediately.
“Hey, don’t worry, sit down and chat slowly.” Xiang Nan smiled and led her out of the Chinese Row.
“Brother, don’t you have to keep an eye on the stock market?” Fang Ting was worried when she saw this.
“Hey, today’s transaction is over.” Xiang Nan waved his hand and said with a smile.
“Oh? How was the harvest?” Fang Ting asked curiously.
“I think I made 20 million,” Xiang Nan said with a smile.
?The average price for buying stocks is around 1 yuan, while the average price for selling stocks is around 2 yuan. By buying low and selling high, his profit is more than 200 million Hong Kong dollars.
?But he was afraid of scaring his sister, so he restrained himself.
Even so, after hearing this, Fang Ting couldn''t help but exclaimed, "Twenty million?! Wow, brother, you are really amazing."
“It’s not bad.” Xiang Nan said with a smile.
Actually, I have to thank Ye Tian for his guidance. He told Xiang Nan the personality and trading rules of each stock market tycoon. This gave Xiang Nan something to follow, allowing him, a little loach, to fight a big shark.
…
The brother and sister then found a tea restaurant nearby to sit down.
Xiang Nan ordered a cup of lemon tea for Fang Ting, and then introduced Chen Taotao to her, "As far as I know, Chen Taotao is the vice president of the Securities Department of Tongbao Bank in the United States and the highest-ranked Chinese on Wall Street.
? Chen Taotao’s investment strategy is very radical. He likes ShowHand and is known as the ShowHand King in college. Last year, the team he led made hundreds of millions of dollars for Tongbao.
??The reason why we returned to Xiangjiang this time was because Tongbao Bank was suspicious of Chen Wanxian''s business methods, so it sent Chen Taotao to check the accounts. Naturally, Chen Wanxian will not give in easily, so you just wait and see, there is bound to be a fight between the two. "
(End of this chapter)