Chapter 505 Did you forget to take your medicine?
Rong Guang can continue to be a Buddhist, but the stock market is quite sensitive. Hao Miaomiao's stock price plummeted again, suddenly falling below 20 Hong Kong dollars.
One thing to say, this drop is already very unusual. Except for the fact that "Earthquake Rescue" did lose hundreds of millions, which may affect Hao Miao Miao's financial situation, other negative news, which are almost entirely groundless, should have no impact at all.
?
At this point, even the most obtuse person can tell that this is definitely a certain organization behind the scenes. They are targeting Good Meow Meow, but they don’t know what kind of tricks are being played inside?
However, Rongguang and Xiongbaozhi... are still Buddhists. No matter what tricks they have on the outside, I will remain firm and unmoved!
Now they don't even bother to issue a clarification announcement. Anyway, if you want to make trouble, that's up to you!
But within a few days, something even more unexpected happened. Hao Miaomiao actually suspended trading because an organization suddenly launched a tender offer?
And that institution is the famous Lehman Brothers, also one of the top investment banks on Wall Street!
Okay! It doesn’t matter what kind of brother he is or what Wall Street he is. Such a tender offer made Rong Guang and the top management of Xiong Baizhi look confused.
Is there anything wrong? Not to mention other things, Guang Rongguang personally holds more than 70% of the equity of Hao Miaomiao. How can you make a tender offer? You can't get more than 50% of the equity of Haofu? Is it Lehman?
My brothers had cerebral thrombosis and they suddenly forgot to take their medicine?
And what is the condition of the offer - full acquisition at a price of HK$26?
Do you want to rob money? Or do you want to rob money... Huh?
Rong Guang suddenly recalled a memory fragment. If he remembered correctly, it seemed that Lehman Brothers later... seemed... should... have gone bankrupt, right?
Hey! Rong Guang burst out laughing. Are you a dead ghost? You still want to buy my good meow? Are you still awake from sleep?
At this point, even if Rong Guang doesn't know much about business, he can still see that the previous behind-the-scenes manipulations and the advice fund must be related to Lehman Brothers, and they are in the same group.
In addition, a tender offer is basically a hostile takeover. But whether you are malicious or well-intentioned, you need to at least show some sincerity, right? You have to offer a price that is hard to refuse!
But your Lehman Brothers are only willing to give you 26 Hong Kong dollars? Are you sending beggars away? You know, the stock price of Hao Miaomiao has reached a maximum of 66 Hong Kong dollars? As for the current price of just over 20 Hong Kong dollars, is that deliberately suppressed by your Lehman Brothers?
It's a fox on a mountain. What kind of "Liao Zhai" are you singing to me?
There is one thing that makes people wonder, there are so many listed companies, why would Lehman Brothers target itself?
But now we can no longer be Buddhist. This has been suspended, and we need to at least show our stance.
In response to this tender offer, CEO Yuan Ping held a press conference on behalf of Hao Miaomiao: "...Hao Miaomiao is currently operating in good condition and has no plans to agree to the acquisition. And as far as I know, Hao Miaomiao's major shareholders have not either
Plan to sell shares..."
The acquisition by Lehman Brothers immediately triggered a rebound in the stock price, which soon rose to HK$27.
Immediately afterwards, Lehman Brothers made a second offer - HK$28.5. They also publicly announced that this was the final offer and that they already held 5.17% of Hao Miaomiao's outstanding shares.
However, Lehman Brothers' second offer made Rong Guang even more confused. Can't he understand human language? Didn't he say "not for sale"?
In fact, Lehman Brothers' reaction is quite normal. When you say "not for sale", doesn't it mean that the price is not up to standard? Where in the world can "not for sale" come from? It just depends on whether you have enough money! Besides, Lehman Brothers has long been eyeing it.
Meow meow this big piece of fat.
…
Sometimes I have to admit that compared to financial markets elsewhere, Wall Street is indeed very well-informed.
What exactly does Hao Miaomiao, a listed company, have? One is animation-related industries; one is the robotics industry, currently mainly developing cleaning robots; and the other is mobile phone copycats.
Judging from the current situation, Haomiaomiao's operating conditions are just like that, with a price-to-earnings ratio of over 150. It seems to rely on high-tech gimmicks and boasted bubble stock prices.
And that kind of high technology is quite old-fashioned. One is a cleaning robot that sweeps the floor, and the other is a copycat machine? There seems to be no development prospect. There is no technical content at all.
However, Lehman Brothers had already conducted specialized research. They were surprised to find that Hao Miaomiao actually had its own research institute and had certain scientific research and development capabilities. Not only had it developed a vehicle-mounted radar system, but it had also recently developed a life detector.
What’s even more surprising is that Hao Miaomiao actually has mobile phone licenses from many African countries? Although the overall sales volume is just that, it is at least one of the top ten mobile phone brands in the world?
Okay! There may not even be ten well-known mobile phone brands in the world. But we need to pay attention to how long it has been since the Big Cat mobile phone appeared? Has it been a year? And now it can enter the top ten brands?
In this case, Hao Miaomiao is definitely greatly underestimated by the market, right?
I discovered that Good Meow Meow is underestimated. Lehman Brothers are not red scarves. What they want is to take advantage of the opportunity to eat alone!
If we acquire Hao Miao Miao as a whole and then split and sell each industry, we will definitely be able to make a fortune. At this time, Rong Guang has lost hundreds of millions, so it is just the right time to start spreading panic.
So through its own white glove, that is, the advice fund, Lehman Brothers not only continued to sell short, but also continued to release bad news.
Of course, Lehman Brothers knew that Hao Miaomiao’s equity was quite concentrated, especially that Rong Guang personally held 70% of the equity. Without Rong Guang’s consent, the acquisition would never have been completed.
Therefore, they have been observing the reactions of Rong Guang and Xiong Baizhi.
Generally speaking, listed companies must be quite annoyed when faced with such provocations and rumors. They will either speak fiercely or take action. They will never just be beaten without fighting back, right?
Therefore, if the resistance is too fierce and we know that something cannot be done, Lehman Brothers will not force it. Anyway, when we sell short, we have already harvested a wave of leeks. That can be regarded as something gained, and we have already stood firm.
The place of defeat.
But I never expected that Xiongbaozhi is a group of Buddhist kings. No matter what the outside world is changing, they always have an indifferent attitude?
As a result, Lehman Brothers immediately had an illusion - could they really have guessed it right? There was a problem with Rong Guang's personal financial situation, and he really wanted to transfer Hao Miao Miao?
Chapter completed!