Chapter 907: Advancing into the Abyss
After all, the Sanfu Group is an old company, and it is deeply tied to the Korean economy, with Huaer Street standing behind it, five chaebols standing beside it, and a huge amount of cash in hand.
And Jiadian Group, except for the super abundant cash reserves, there is no one that can be compared.
Even if the three funerals are forced to be urgent, it is completely possible for Goryeo to come forward and set up the three funerals bill like the popular bill, prohibiting the three funerals from being acquired.
At this level of company, it's not just about economics. There are a lot of political factors that have to be taken into account.
So... Unless Su Yang gets rid of Mr. Wen, Huaer Street, and several other major chaebols, it is almost impossible to make this acquisition.
At the same time, in Goryeo, many people were also panicked because of Su Yang's reckless onslaught and acquisition of the Sanfu Group.
Cheongvata, Goryeo, Office of the President of the Country. Mr. Wen was there listening to the report of his staff.
Hearing the recent dispute between the Three Mourning Group and Su Yang reported by his staff, as well as the explosion case of the Three Mourning Group, Mr. Wen's brows furrowed deeply.
Obviously, with his intelligence, he couldn't understand Su Yang's movements.
Why did Su Yang dare to make a move at all costs?
Did he really believe that he would help him?
A person with a net worth of 100 billion can't be so naΓ―ve, right?
After thinking for a while, to no avail, Mr. Wen waved his staff out, and then he picked up a phone and called a familiar person.
The phone was connected, and the man said in a hoarse voice, "You can't understand the current situation?" β
Mr. Wen said "um", "I really don't understand." What the hell is Su Yang doing? β
The man was silent for a moment, "To be honest, I don't understand it either. I always thought he had a backhand, but I didn't know what it was. β
After the man finished speaking, he paused and asked, "Will you help him?" β
Mr. Wen, who has always been calm, said in a rare and angry voice, "Help? How can it be! β
"The N7 bombing case of the three mourners! What a perfect entry point! β
"But because he made a casual move, now that the situation is about to erupt, I don't dare to take advantage of the topic."
Mr. Wen took a deep breath and said, "After all, compared to the three mournings, he, an outsider, is more feared by me!" β
"Although I want to bring down the three mourners, I don't want him to take over!"
"So, I'm just going to wait for the time being, wait and see what happens, and even help the three mourners if necessary."
Speaking of this, Mr. Moon laughed self-deprecatingly, "Before I took office, I was determined to sweep away the chaebol in Goryeo so that the people can live in a free country, but I didn't expect that now I want to help the chaebol in turn, it's really ridiculous!" β
The person on the other end of the phone also sighed, and then said, "The world is impermanent." No one can tell. β
"During this time, we will communicate more, and I will tell you in time if there are new changes on my side."
Mr. Wen said "En", "I have wronged you." β
The person on the other end of the phone, "All for the country." β
Mr. Wen said in a solemn whisper, "All for the country." β
...
The headquarters of the three funeral groups, the president's office. Li Zairong's face was no longer calm at this time.
The Jiadian Group is menacing, and it is much faster than he imagined.
On the first day, he held 5 shares, on the second day he held 10, and now on the sixth day he has increased his holdings to 15. At this rate, it won't be long before the Three Mourning Group will no longer be under their control.
Although he didn't know what means the Jiadian Group used, he carefully studied Su Yang's information and knew that except for the last setback in Goryeo, Su Yang's record so far was to win every battle.
Such a person is menacing, and no one can underestimate him.
So he had to act.
Thinking so, he picked up the phone and called the presidents of several major banks and investment banks on Wall Street again.
On the phone, Li Zairong once again explained the urgency of the current situation, and also explained that Su Yang is likely to hold other hidden shares in his hands, but it has not yet been announced, which is an illegal operation on exchanges in various countries.
So he put forward two conditions.
The first is to ask Huaerjie to put pressure on the securities trading centers of various countries and issue a letter requesting Jiadian Group to announce the details of the share acquisition and determine whether there are any illegal operations.
The second is to require Huaer Street to invest in the acquisition of shares in the secondary market, which is the stock market, which will increase the pressure on the acquisition of Jiadian Group. It also avoids Jiadian Group's excessive shareholding and affecting the group's management.
After listening to Lee Jae-yong's conditions, several major banks and investment banks in Huaer Street, which hold shares in Sanfu, said that they agreed in principle to the first condition.
But the second condition, because the stock price of Sanfu Group is not low, in the case of the company's existing business, whether there is more interest in increasing Sanfu Group, this must be carefully studied, not a pat on the head can be decided.
Moreover, even if you agree to increase your holdings, with the current market value of Sanfu, it will take at least more than 10 billion US dollars to get out, and this money will not be able to be taken out in a short time.
Therefore, they must meet to confirm the plan before giving Lee Jae-yong a reply.
Hearing Wall Street's reply, Lee Jae-yong could only accept it while being disappointed.
But after hanging up the phone and thinking about it carefully, he suddenly thought of a solution.
With so much money, it is indeed not easy to allocate in a short period of time.
But... It seems that I and Hyundai have this money in our hands.
If you can, can you ask the five major consortia to help and then buy the shares of your own group?
Su Yang's battlefield of sweeping the shares of the Three Mourning Group is mainly in Magnesium Country and Renton, so can he mainly issue additional shares in Goryeo, and then dilute the stocks in Su Yang's hands?
After having this idea, Lee Jae-yong immediately invited the five major consortia to have a small meeting again.
Because of the bad situation that Sanfu is facing now, and because of Su Yang's menacing, the five major consortia have been very close during this time, so Li Zairong beckoned, and they all rushed over immediately.
Compared with the last party, this party is much more casual, not as strong as the last business atmosphere. But the matter was not easy at all.
At the meeting, Lee Jae-yong hoped that each company could spend $5 billion to buy a stake in Sam Fu Group on the Korean stock market.
Each of the four major chaebols is 5 billion yuan, which adds up to 20 billion US dollars. Sam Fu will also issue an additional $20 billion in shares in the Korean market.
In this way, the 15 shares held by Su Yang will be diluted to 12.5.
Of course, it is not unprofitable for the big four chaebols to do this. Lee Jae-yong promised that after the incident was over, the Sanfu Group would buy back this part of the shares at a premium of 10. It is also possible to acquire $5 billion each of the four major consortia, so that several companies can share shares in each other's shares.
Lee Jae-yong's plan impressed the four major chaebols, and the other four chaebols signed contracts of intent to cooperate with the Sanfu Group one after another after going back for a little research.
Of course, this contract of intent has no legal effect and serves only as a backup.
Moreover, if Lee Jae-yong wants to issue additional shares, he also needs to explain the situation to the major shareholders and go through the motions on the board of directors.
After all, this kind of additional share issuance, although it dilutes the shares in Su Yang's hands, but also harms the rights and interests of existing shareholders. The consent of a majority of shareholders is required.
However, Lee Jae-yong believes that with his reasonable persuasion, the major shareholders will agree to the plan.
In the next few days, Lee Jae-yong began to run for the issuance of additional shares in the Korea exchange market.
At the same time, Su Yang also came to the headquarters of the Three Mourning Group again.
Coming to the headquarters of the Three Mourning Group, Su Yang looked at the brightly lit building in front of him, and then his eyes froze, and the fate chain of the Three Mourning Group appeared again, running through the world like a vast galaxy.
This chain of fate was solidified in the past and present, but the end of the future is half-illusory and half-solid.
Su Yang held the last section of the condensation part in his hand, and then checked what had just happened during this time.
Finally, he nodded silently, and then left the three funeral headquarters.
Two days later, Jiadian Group and Tengxun Group jointly announced that they would purchase about 3.7% of the shares of Sanfu Electronics and Sanfu Property held by all subsidiaries of Tengxun Group at a cash premium worth 20 billion yuan.
So this time, even if Jiadian Group did not raise its cards, the market knows that Jiadian Group is not far from the next one.
After signing the agreement with Tengxun Group, Brother Xiao Ma also made a special call to Su Yang to apologize, saying that he was a little sorry for Su Yang: because the time was too short, the shares he acquired did not meet Su Yang's requirements.
Su Yang relieved him a few words, after all, letting Tengxun acquire 4 shares is an idealized thing in itself. Stock prices change every day, and so does the situation, and no one can calculate every step. So it's normal to have a small setback.
What's more, Su Yang actually didn't have a setback, because he had already preliminarily completed his plan.
Coupled with the shares in the hands of Teng Xun, Su Yang already has 19.2 shares in the Sanfu Group.
Moreover, all subsidiaries have more than 19 shares.
In addition, Hermes Fund took advantage of the fluctuation of the stock price of the Three Funeral Group, and absorbed a lot of shares regardless of the cost, and almost had 1.5 shares in its hands.
In a sense, Su Yang can actually raise his cards for the fourth time.
It's just that he didn't raise a sign in order not to stimulate the three mourning dogs to jump off the wall in a hurry.
Because, what Su Yang has to do now is to force the three mourners to a dead end, but he gives it a glimmer of hope and lets it do it himself... Bury yourself ...
...
Sure enough, because Su Yang was getting more and more anxious, the Sanfu Group was also a little panicked. In particular, the equity transfer agreement reached with Tengxun made the three funeral groups unable to figure out how many hole cards Su Yang held in his hands.
Therefore, while lobbying Cheongwata for targeted protection of the Sam Fu Group, they also sent a plan to the major shareholders to prepare for the issuance of additional shares in Goryeo.
For this plan, Lee Jae-yong personally flew to the magnesium country to meet with the presidents of several major banks and investment banks, asking for their support.
After all, although this plan loses a little profit, it no longer requires the money of several major financial companies, and in some ways, it is a good way to solve this problem.
However, what Lee Jae-yong didn't expect was that the major banks holding the shares of the Sanfu Group were a little ambiguous in this plan. There was no obvious opposition, but there was no support, only that it was to be considered. And I hope Lee Jae-yong is not in a hurry.
Li Zairong didn't want to be in a hurry, but now that the matter was urgent, if he didn't take action, Su Yang's side would launch a general attack.
You must know that as long as you hold more than 30 shares of a listed company, you can be regarded as a controlling shareholder. A general meeting of shareholders can be convened directly to re-elect the board of directors.
The general meeting of shareholders can be different from the board of directors, the board of directors counts the number of votes according to the number of seats, and there are several votes for several people, and each vote is equal when voting on matters.
However, the number of votes at the general meeting of shareholders is calculated according to the proportion of shares. As long as shareholders holding more than 50 shares vote for the reorganization of the board of directors, then the board of directors will be reorganized.
And if Su Yang has 30 shares in his hands, plus the Ayrot Management Company and SAB, the largest pension fund in Europe, which previously asked the board of directors to be reorganized, as long as it has the support of a few more major shareholders, then it is very likely to exceed half.
So, 30 shares is the line of life and death.
must not be broken through by Su Yang!
Under this pressure, Lee Jae-yong could only go to the president's offices of several major banks and investment banks twice in three days as a guest. Although he didn't say it explicitly, he also reminded the other party to pass the plan as soon as possible.
But things didn't go the way Lee Jae-yong thought. After almost three days of discussion, several major banks finally rejected Lee Jae-yong's proposal to issue additional shares.
Several major banks and investment banks believe that the issuance of additional shares by the Sanfu Group in the Korean stock market will dilute the shares held by their own companies, which will reduce the contribution of the Sanfu Group to the performance of several major banks and dilute the profits.
This is a plan that harms the interests of their own side, and they cannot accept it.
Of course, they did not fail to give the conditions for agreeing: they asked the group to use the group's funds to buy back the shares of the group in magnesium shares, and then issue new shares in Goryeo.
In this way, there are fewer shares of the Sanfu Group on the Magnesium Country Stock Market, and more shares of the Sanfu Group on the Korea Stock Market, and the total amount remains unchanged, which can not only prevent Su Yang from further snatching the shares of the Sanfu Group in the magnesium stock, but also avoid damaging the interests of existing shareholders.
And after getting replies from several major banks, Lee Jae-yong went crazy directly!
At a time like this, do you care about a little loss of interests?!
When Su Yang enters the Three Funeral Group, when the time comes, the collective liquidation will be carried out, and you will have nothing!
As for the plan to buy back shares in magnesium stocks first, and then issue additional shares in the Korean stock market, it is even more nonsense!
In all fairness, this plan is completely feasible and logical.
But here's the thing!
Now the situation is special! How could Jiadian Group give itself time to repurchase first and then issue more!
Especially magnesium stocks are Su Yang's main battlefield, I don't know how much money has been deposited in it, how can Li Zairong snatch so many shares from his hands!
It's an impossible task!
But what Li Zairong didn't know was that in fact, long before he came to the magnesium country, Zhao Licheng visited several big banks and investment banks with Su Yang's handwritten letters, and then had a secret conversation...
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