"I have made up my mind to launch the [Poison Pill Plan] and launch an anti-takeover operation."
Du Shaojie no longer hesitated and decided to fight back.
The means of counterattack is to launch the [Poison Pill Plan]. To put it bluntly, it is to issue additional shares at a lower price in order to dilute the opponent's share ratio and then increase the opponent's acquisition cost.
The [Poison Pill Plan] is aimed at [hostile takeovers]. He remembered at least two cases.
"Boss, the [Poison Pill Plan] is like a double-edged sword. Even if the anti-takeover is successful, it will also dilute its own shares. Please be cautious!"
Fan Shilun hesitated and raised objections.
In fact, he was right. Since it is called the [Poison Pill Plan], as the name suggests, it must be a means of killing three thousand enemies and injuring eight hundred of its own. It is a means adopted in
desperation. The effect is obvious, but the side effects are also not small.
"That's it. I'll call Mr. Liu and ask them to start the additional issuance immediately. As an affiliated party of the listed company, [Dingxin International] must also give strong support."
Du Shaojie made a decision and no longer entangled in the discussion of pros and cons.
Liu Zijian then came to Hong Kong and worked out a detailed additional issuance plan with Winnie, Fan Shilun and others. [Huanyu Communications] applied for a temporary suspension and announced the matter.
According to the plan, the number of additional issuances this time is 83 million shares, and the issue price is HK$6.12 per share.
The market responded enthusiastically, mainly because Li Zekai's placard-raising made many people see an opportunity. No matter what it is, as long as someone grabs it, the price will rise, and some analysts have even seen the future stock price as high as HK$40.
The current additional issuance price is only HK$6.12, and there is still a lot of room for future growth, so various funds have flocked in.
Late at night.
Li Zekai's office is brightly lit, and he and the company's senior management are still in a meeting.
"I didn't expect [Huanyu Communications] to be so cruel as to implement the [poison pill plan]. It would rather suffer losses than hand over the company to us. Mr. Li, what should we do next?"
The company's senior management is not optimistic about the follow-up. Originally, they held more than 12% of [Huanyu Communications]'s shares. After the additional issuance, the shares will definitely be greatly diluted.
Of course, they can also participate in the additional issuance. But for publicly issued stocks, they also need to line up and draw lots. They can't buy as many as they want, so it doesn't play a decisive role.
"It seems that this Du Shaojie is not easy to mess with. He would rather hurt himself than compromise. It's really a headache. Stop buying stocks for the time being and wait and see."
Li Zekai regretted taking extreme measures before. Now he wants to negotiate with the other party, but he doesn't
think the other party will agree. So he stopped buying and planned to actively participate in this round of additional issuance. At present, it seems that the acquisition plan has been seriously blocked, and he has to find a way to dilute the cost of holding shares.
He is a bit in a dilemma, while Qin Group and Pang Weidong and others regret it.
Their holding costs were originally very low, but they have almost taken profits, but there is still a play for this stock in the future. It is not appropriate to enter the market directly now, so they also set their sights on this round of additional issuance.
Time is in a hurry.
According to the data released by the Hong Kong Stock Exchange, this additional issuance of [Huanyu Communications] is oversubscribed, and the excess is almost 10 times.
After the lottery, Li Zekai's winning rate is not ideal.
After repeated discussions among the company's top management, he finally gave up the acquisition plan and stopped holding the placard.
When the news came, Liu Zijian and others couldn't help but breathe a sigh of relief. But the next trouble has just begun. Due to the additional issuance, the parent company's control over the listed company is weakening, and similar things cannot be ruled out in the future.
But at least they got through the difficulties. Du Shaojie held a grand cocktail party in the banquet hall of the Grand Hyatt Hotel to thank everyone for their support.
Qin Mingcheng, Qin Lu, Pang Weidong, Xu Bo, Ye Weiming, and celebrities from all walks of life in Hong Kong were all present, and the atmosphere was good. Of course, due to Li Huanggua's face, some people did not come, but they also called to congratulate.
Li Zekai naturally would not attend the cocktail party. He and his father sat face to face in the living room of his home.
"I failed!"
Li Zekai did not show much frustration. After the additional issuance, the stock price of [Huanyu Communications] remained strong.
The funds he invested did not cause losses, but he missed his father's big event, which made him a little uneasy.
"Failed? No, it's too early to say it now."
His father was calm. It was obvious that he had follow-up measures, but he just didn't say it.
The next day.
Pang Weidong and others returned to Shenzhen. Du Shaojie stayed for a few more days to deal with some things related to [Beichen Education].
[Beichen Education] was also suppressed before, but it was not the target. After falling for a while, it stabilized first.
Now that the haze has dissipated, Du Shaojie asked people to release some true and false news in the market, and the stock price soon returned to a reasonable range.
When he returned to Shenzhen, new troubles came again.
"Boss Du, our BB machine factory is among those being mobilized to relocate. I intentionally delayed it for some time before, but now I can't delay it any longer. We must make a decision."
Du Shaojie received a call from Liu Zijian just after he passed the checkpoint.
So he went to [Huanyu Communications] and held a meeting with Liu Zijian, Sun Zhenguo and others.
"Yes, if we insist on doing it, we may make the relationship with the local authorities very tense. It is said that the use of this piece of land will be changed in the future and converted to commercial and residential use. It seems that many people are eyeing this piece of land."
A vice president of the company revealed a piece of news. It is said that among those who are interested in this piece of land is the Li family.
Du Shaojie was not surprised. He knew Li Zekai's intention to acquire [Huanyu Communications] before. It seems that the head of the Li family has not given up.
"Well, I'll go and communicate with the city tomorrow, and then we'll discuss countermeasures."
Du Shaojie really didn't want to give this piece of land to that speculator. In his memory, Old Li had bought plots of land in various places in the early days, but this old fox didn't develop the land after getting it, and dragged it for decades, and finally made a fortune by relying on the low price increase.
Besides, he and the Li family have completely fallen out, how could he let the other party get a bargain?
The next day.
Du Shaojie took Luo Qin to the city and visited several leaders related to the matter. They were very polite, but just euphemistically proposed that [Huanyu Communications] would obey the overall situation and support local urban construction.
He said a few nice words, and after leaving, he went to find Cai Jing.
"Sister Cai, this is the matter. Are you interested in our piece of land? If you are interested, we can jointly develop it, and the fat water will not fall into the fields of outsiders."
Du Shaojie thought about it, and it was not a big deal to resist relocation.
But he didn't want to let the Li family father and son get a bargain. After thinking it over, he came up with this idea to drag Cai Jing into the water.
"Do you want to keep the money in your pocket? Are you trying to use me as a shield? Of course, your proposal is very attractive to me. In this way, I will immediately convene a meeting of the company's board of directors and give you an answer tomorrow at the latest."
Cai Jing has always been impetuous and has terrible execution.
That night, she replied to Du Shaojie and said that the company's board of directors unanimously agreed to his suggestion and planned to jointly develop the land of the BB machine factory.
According to the city's plan, that piece of land can only be used to build hotels, office buildings, commercial complexes and other projects.
"Sister Cai, I think we can bring in the Qin Group. The other party has experience in operating large-scale commercial complexes and also has the [InterContinental Hotel] under its umbrella. What do you think?"
"I think it's okay! At the meeting today, all the directors have considered this plan. Let's find a time to talk about it together."
Cai Jing originally had this plan, but Du Shaojie said it first.
The next day.
Du Shaojie contacted Qin Lu and asked them to meet in Shenzhen.
Qin Mingcheng was very interested in this proposal. In recent years, the Qin Group has developed very fast. Not only has it made great gains in the stock market, but the companies under its name have also brought him a lot of wealth.
Not to mention the InterContinental Hotel, as a long-established five-star hotel in Shenzhen, its benefits and reputation are quite good.
In addition, the commercial complex developed in cooperation with Du Shaojie and others has exceeded expectations in profitability, bringing him a lot of cash flow.
Therefore, when Qin Mingcheng, Qin Lu, Du Shaojie and Cai Jing sat together, they had already decided to participate in this project. However, the difficulty of this project lies in the change of land use nature.
"Sister Cai, are you sure about the procedures? I heard that the richest man Li has been eyeing this piece of land. If the other party makes trouble, is it possible to ruin our big thing?"
Du Shaojie felt that everything was ready now, and only the change procedure was missing.
Cai Jing smiled and said, "Don't worry about this. The land is yours. As long as you comply with the city's development plan, I think the procedures will not be a problem."
Du Shaojie put down his worries. Qin's Group also expressed its attitude to participate in this project. The next step is to negotiate some technical details.
He did not participate in the specific negotiations, leaving it entirely to Liu Zijian.
He and Sun Zhenguo went to "outside the customs". The BB machine factory will be relocated to a remote place in Shenzhen City as a whole, and will even be relocated to the neighboring city in the future.
A week later.
Du Shaojie, Cai Jing and Qin Mingcheng signed a contract at the [InterContinental Hotel] to jointly develop the land of the BB machine factory. They plan to build a large commercial complex on the original site, and there are also several commercial and residential buildings to match it.
The developer is Cai Jing's real estate company, and the operator is Qin's Group. Du Shaojie promised that after the project is completed, he will let its famous catering brands move in.
Then, they will wait for the city's approval.
For projects like this that change the use of land, the most troublesome thing is the handling of procedures. As long as the project is approved, other things are not a big deal.
Cai Jing has been following up on the formalities these days. She has used her connections but still encountered great resistance. (End of this chapter)
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