In any case, this statement indirectly helped Sunflower Investment Company. Officially due to this statement, HSBC's stock price, which was originally prepared to skyrocket, fell slowly. In the end, it only rose by about 5% compared with the time when the acquisition statement was issued.
If you don't see the follow-up action, you may fall back. Such a stock price provides a good foundation for subsequent delisting. If the current market value rises too high, it will cost more to delist at a premium later.
What Sunflower Investment Company needs now is a quick resolution. Fortunately, most of HSBC's shares have been acquired, which are held by many funds and investment companies. These methods are intended to avoid the supervision of stock exchanges.
Generally, stock exchanges require a placard to be acquired when the proportion of shares of a certain stock reaches more than 5%. If you want to acquire secretly, you need to operate through multiple capital accounts.
As long as each account's shares do not exceed 5%, there is no need to raise a placard, and the stock exchange and the target company cannot detect it at all.
If you want to be invisible, of course you need a lot of shadow accounts. In order to ensure that the acquisition goes smoothly, Sunflower Investment Company has created as many as 20,000 funds and investment companies in major offshore centers, and then uses the funds of these companies to In the name of acquiring the shares of the target object.
So when the staff of HSBC were still vowing that the bank would not be acquired, and investors' emotions had just been calmed down, the company named Tengu Fund, which wanted to acquire the fund of HSBC, within one day He raised his placard 13 times in a row, shocking the global financial market.
This saucy operation is absolutely unprecedented, and I don’t know if anyone has done it before.
In the confusion of all investors and investment companies, Tengu Fund completed its absolute control of HSBC in one day.
When this news spread throughout the major financial centers, it immediately caused an uproar. People in the financial circle are not fools. Under normal circumstances, such a fast acquisition would never be possible, and the acquisition target is still a giant, not a small-timer. .
The three major securities markets where HSBC is listed have all seen the entire process of the Tengu Fund's operations through some back-end transaction data.
However, they were only able to trace more than 20,000 trading accounts for the Tengu Fund, and they could no longer trace them. First, the confidentiality of the offshore center, and second, Sunflower Investment Company used many means to prevent tracing. Let them check nothing.
No matter how angry the major securities companies are, the procedures are legal after all. In Western countries, it is still emphasized that legal procedures are legal and will not be targeted by special means.
That won't be the case in future generations. The lunatic president of the United States can do anything. If he can't deal with you with the law, he will use administrative means to deal with him. He is simply a hooligan to the extreme, and he doesn't even bother to pretend.
When the internal staff of HSBC heard the news, they felt as if they had been bombarded by a nuclear bomb. Their heads and ears were buzzing.
Shen Bi, the current chief executive of HSBC Bank, sat helplessly on his president's chair. There was still confusion in his mind. The acquisition had ended before it even started. The other party had absolute controlling rights, and thus had full control over HSBC's life. Kill the power, and his own destiny is no longer under his control.
As Shen Bi, who has dedicated his life to HSBC, he can neither accept that the bank he worked hard for was acquired, nor can he accept the fact that his destiny is not under his control.
He is used to being a superior to others, and he has a sense of confidence when facing any businessman. This confidence is brought to him by his position. If he is replaced, these rights will leave him.
As for whether the new boss will replace him, there is no need to consider this at all. Even if he does not change now, it is only a temporary measure to stabilize people's hearts.
As a veteran of the bank, he has many confidants in the bank. Although keeping himself can temporarily stabilize people's hearts, the consequences will be endless. As a manager for many years, does he still understand this truth
It is precisely because he understands his current situation that he is so devastated. This destined ending is the most uncomfortable thing.
If you don't understand the ending, you can still struggle, but if you already understand the ending, you know that struggling is in vain.
In addition to the staff at HSBC who are confused and don't know what to do next, all the businessmen in Hong Kong, whether they are British businessmen and families or Chinese businessmen and families, all feel that the world has changed.
They are all more or less involved with HSBC. Now that HSBC has changed its owner, as long as some unfavorable policies are introduced later, their family may fall apart.
In addition to the above two parties, it is the British Hong Kong government. HSBC is not only a financial giant in Hong Kong, but also one of the two major note-issuing banks in Hong Kong.
HSBC's share of issuance volume is still very high, and it plays a huge role in stabilizing Hong Kong's financial situation. It would be difficult for them not to pay attention to the acquisition of such a key bank.
It's just that the acquirer hasn't fully revealed its true colors yet, so it's hard for them to take some targeted measures. After all, HSBC is not the government's central bank. In the final analysis, it is a private bank. The British Hong Kong government has no other choice but to intervene on the grounds of financial stability. Method.
The other side is more concerned about the ordinary citizens of Hong Kong who have the least sense of existence. Many of them have watched how HSBC has grown into Hong Kong's financial overlord step by step.
So I still have a certain affection for HSBC. Now it is suddenly said that it has been acquired, and they have not even been given time to adapt. Some of them are still asking whether the news is accurate.
Before all parties could digest the news, Tengu Fund submitted applications for privatization and delisting to the New York, London and Hong Kong stock exchanges, and also requested that HSBC share transactions be frozen until the privatization is completed.
As soon as the news came out, everyone was shocked. Even the people from the three stock exchanges couldn't believe it when they held the privatization delisting application in their hands. If it wasn't written in black and white, I felt like I was dreaming.
Tengu Fund used Binggui's speed to the extreme. Before anyone could react, it successively completed absolute control and privatization and delisting.
Now that stock trading has been banned, some investors have realized that they have missed a wealth feast. When stock trading was banned, HSBC's stock price only rose 6% from the usual stock price.
For such a large-scale acquisition war, this is no different from no increase, which means that the subsequent privatization and delisting acquisition premium will not be too high.
Although it is possible to make a fortune, such a large-scale acquisition war has not been encountered for more than ten years. Now that I have encountered it, but I can't make a big profit from it, it is really uncomfortable.
HSBC shareholders only regretted that they could not take advantage of this opportunity to make a fortune, but it caused an uproar in the business and financial circles.
Especially some companies in the United States hold relatively small shares and rarely have absolute major shareholders. Their shares are generally dispersed. The larger the company, the more dispersed the equity.
Previously, the management thought that the company's market capitalization was so high that it could not be acquired through acquisition. This required huge cash support, and at the same time, the management had to use various anti-acquisition methods, so they were not worried about the company being acquired. The management team themselves were kicked out.
But through the case of Tengu Fund’s acquisition of HSBC, they suddenly felt that doing so was not so safe. Although I don’t know how long Tengu Fund had planned for this acquisition, judging from the fact that they did not receive any information before announcing the acquisition, their acquisition was proceeding It's quite secretive, and the time span must be very long.
Within a long enough time span, acquisitions through a large number of acquisition accounts will behave like ordinary equity transactions in the stock market, submerged in the massive equity transactions. If you do not pay special attention to analyze the transaction details, under normal circumstances It's impossible to detect it.
At the same time, it also shows that the larger shareholders are not as reliable as they thought. Although they do not know what confidentiality agreements they have signed, the super power shown by money has made executives who originally felt that the company they manage are impregnable. We suddenly had trouble sleeping and eating.
After this incident, many large companies with dispersed shareholdings began to announce the repurchase of a certain proportion of their shares to strengthen their shareholding ratio and make it more difficult for the company to be taken over by a hostile takeover.
And the major shareholders of some small listed companies no longer dare to put their shares in the stock market to make money. If they do not do well, the company may no longer be their own.
The acquisition of HSBC is also a good learning opportunity for the financial circle. Through this acquisition battle, they feel that their previous acquisitions were like children's play house, not on the same level at all.
Especially Goldman Sachs, who hopes to help others acquire others. In the past, it always liked to use its power to overwhelm others, relying on its own strength and the strength of the United States. Now it seems that it is extremely rude. Looking back at its own acquisition methods, it is simply rude. Can not bear to look.
Many investment banking giants have also begun to conduct relevant studies, treating the HSBC acquisition battle as a successful business acquisition case, allowing all their employees to learn from it.
Maybe it will be possible to use this acquisition method in the future, especially for large companies with dispersed shareholdings. This method is really easy to use.
Of course, the impact is not limited to the business and financial circles. This acquisition war has also attracted the attention of the academic community, especially the business schools of some well-known universities. They have compiled this acquisition war into learning cases and explained it to their students. The whole story of the acquisition.
Of course, they cannot know many details, but they can also use guessing and brainstorming to perfect the whole process. Not to mention, they have guessed many ideas correctly.
In fact, the way HSBC was acquired this time cannot be said to be very clever, but few people have used this method before. As the saying goes, the simplest and most direct method is the most effective method.
The entire acquisition process is to constantly use stock market transactions to trade a large number of stocks into one's own hands. At the same time, the stocks in one's hands are disguised as stocks in the hands of ordinary shareholders, and relevant operations are performed on the stock market from time to time. This prevents the acquired company from detecting abnormal changes in its own stock in the stock market.
Another point is to use high premiums to secretly acquire shares from major shareholders, and to make these shareholders shut up, at least not to talk to the outside world until the acquisition is completed.
To make these rich people shut up obediently, only money that makes their hearts flutter can be done. (End of chapter)