Chapter 390 Seizing the Initiative



Shen Dong said, "The New Territories Warehouse's stock price surged to seven billion US dollars because of the three of us fighting. Once the dust settles, the stock price will inevitably plummet back to its original market value. I'm not a spendthrift, and I can't afford to spend hundreds of millions more to buy it. Mr. Al, I'll offer a maximum of 1.5 billion US dollars; that's my bottom line."

Al frowned and said, "Mr. Shen, if the New Territories warehouse falls into the hands of Li Ka-shing and his group, your stocks will likely suffer even greater losses."

Shen Dong laughed and said, "I only need to acquire another 5% of the shares to bring my shareholding to 30%. At that time, no action by the New Territories Warehouse will be able to escape my notice. Besides, are the four major families really a united front? Don't be ridiculous. Hong Kong Island is just a tiny place, and the competition among them is much greater than their cooperation. I only need to cooperate with Zheng Tong to control the New Territories Warehouse. There's no need to waste so much money."

El stood up and said, "In that case, let's stop here."

Shen Dong said, "Mr. Al, I'll give you two days to think carefully about my 1.5 billion US dollars. If Li Ka-shing and his group see that things are not going to work out and sell the shares to me on their own initiative, then the shares you hold will probably be worthless."

Al's heart sank, and he said, "I can sell the shares to Li Ka-shing and his people."

Shen Dong nodded and said, "Of course. But whether they can come up with 1.5 billion US dollars is another matter."

Looking at the shrewd and intelligent young man before him, El sighed, sat back down in his chair, and said, "Mr. Shen, you win."

Shen Dong said, "Wrong, you win. I just met with Zheng Tong, and they're almost at their breaking point too. Hehe, I have to say, that Mr. Cruise from Hang Seng Bank is quite shrewd. Although he's trapped himself, he hasn't let Li Ka-shing and his group gain much advantage. Now it's up to you who will sell to me first. The one who sells first will definitely make a fortune. The one who sells later will probably lose everything."

"I don't know if Mr. Shen is telling the truth or not, but the price of 1.5 billion US dollars is indeed very good," said El.

Suppressing his elation, Shen Dong said, "Mr. El, do you mean we can sign the contract now?"

El said, "Okay."

Half an hour later, Shen Dong and Aier signed a share transfer agreement.

Shen Dong successfully acquired a 26% stake in New Territories Warehouse from the Yi Xin Consortium for US$1.5 billion.

In this way, Shen Dong successfully gained control of the New Territories Warehouse with an absolute shareholding of 51%.

A villa in Tsim Sha Tsui

"Bang"

Li Zhaoshan slammed his fist on the table and said sternly, "That bastard Shen Dong actually spent 1.5 billion US dollars to buy the shares of Yixin Group. It's outrageous!"

Zheng Tong sighed and said, "Truly, heroes emerge from among the young. Mr. Li, we've lost."

Li Zhaoshan angrily said, "I will definitely not let him go."

Guo Shengli said, "Now that Shen Dong has taken control of New Territories Warehouse, we need to discuss what to do. Should we sell our New Territories Warehouse shares?"

Li Ka-shing shook his head and said, "Shen Dong probably won't pay a high price to buy the shares we hold."

At this point, Li Ka-shing felt a bit angry.

His intention was to offer US$1.5 billion to buy the shares of the Yixin Consortium, but this was met with strong opposition from Li Zhaoshan, Zheng Tong, and Guo Shengli.

They offered a price of 1.3 billion US dollars.

Upon hearing this, El left without looking back.

Now that Shen Donghua has taken control of New Territories Warehouse for US$1.5 billion, his next move will definitely be to cause New Territories Warehouse's stock price to plummet.

For Shen Dong at this moment, the lower the stock price, the more advantageous it is for him to accumulate shares.

Zheng Tongdao said, "We have no more bargaining chips to negotiate with Shen Dong. If all else fails, we might as well just keep holding on to it."

Guo Shengli said without hesitation, "No. Half of my funds are already tied up in Hang Seng Bank. If the other half is also tied up in the New Territories warehouse, it will have an extremely negative impact on my company's development."

Li Ka-shing said calmly, "I'll go and have a good talk with Shen Dong. If the price is right, we'll sell it to him. What do you all think?"

Guo Shengli asked, "How much would be a reasonable price?"

After a moment's thought, Li Ka-shing said, "1.2 billion US dollars."

Li Zhaoshan, Guo Shengli, and Zheng Tong all nodded in unison.

......

That afternoon, some negative information about the New Territories warehouse began to spread in major media newspapers.

This was all deliberately orchestrated by Shen Dong, with the aim of causing the share price of the New Territories warehouse to plummet after the stock market opened.

Anyway, he has no intention of selling his shares in New Territories Warehouse, and there are basically no more shares available on the market, so even if the share price of New Territories Warehouse falls to the issue price, or even if it is delisted, Shen Dong will not care.

But for the other shareholders of the New Territories Warehouse, it was a catastrophe.

They were also hoping to get a good price for the New Territories warehouse.

If the stock price drops, then there's no point in continuing.

As a result, Shen Dong received more than a dozen calls from shareholders in one night, including Cruise from Hang Seng Bank.

Their goal was to sell the shares of New Territories Warehouse as soon as possible while the stock price was at its peak.

However, times have changed. Shen Dong no longer needs their shares, and it's a pipe dream to expect to get them for a high price from him.

The Hong Kong stock market opened on Monday.

As expected, the share price of New Territories Warehouse plummeted like a waterfall.

In just one hour, the stock price dropped by 20%.

Retail investors fled in droves.

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