novelslam Chapter 1088
Chapter 1088
Chapter 1088
"Mainland's richest man reappears hostile takeover suspicions!"
"There are internal conflicts in Morningstar Semiconductor, Mr. Fang is under investigation for increasing his stock holdings!"
"Fang Zhuo dreams back to 2002, Morningstar may become the second place in Sina!"
"Fang and Liang are tearing their faces apart for the shares of Morning Star!"
On December 12th, Fang Zhuo sat in the President's Office of Hang Lung 20, frowning as he watched some media reports.
The current progress has been unexpected. Out of hope and courtesy, he called Liang Gongwei before, and then the matter was not accepted.
Hi, might as well not fight.
However, even if he doesn't fight, and his side discloses the information on the increase in holdings according to the regulations, Mr. Liang's reaction will not be too bad.
Fang Zhuo felt that the tone of communication on the phone was definitely kind enough, but he really didn't expect or underestimated Mr. Liang's determination in his heart, or Mr. Liang had already had a certain judgment on himself.
His eyes fell on the media report on the screen, which was a review of Sina's acquisition and the conjecture of this increase in Morningstar, which was eloquent and spectacular.
Fang Zhuo sighed helplessly, it was all the past in 2002.
A shot fired seven years ago, the sound of bullets piercing the air still echoes seven years later.
From the bottom of his heart, he didn't want this matter to cause a big storm of public opinion. It was related to the development of semiconductors in the territory, and it also involved Taiwan enterprises. It is always better to keep a low profile.
However, Mr. Liang directly used the unspoken rules of Hong Kong stocks to make such a move, obviously to buy time to appease the internal, and then it would be very easy to talk about it or be tough to the end.
Due to his helplessness, he could not just sit back and watch the "poison pill plan" appear, and could only defend and counterattack through the board of directors.
This attack and defense is a complete face-off, and it is destined to push this matter to a fierce point.
The company team gave two options before, either direct privatization and take the path of comprehensive acquisition of 90%, or increase the holding to 30% and take the path of compulsory offer to seek control.
Now, the hope of the former has been shattered. In this plan, apart from whether it can receive enough public shares, what is also important is the shares in Mr. Liang's hands. This plan was to gather Morningstar internally to lobby, and under the situation, a two-pronged approach Convincing the other party is completely unworkable now.
As for the second plan, which is temporarily suspended due to the investigation...it can still play a role of guarantee.
Fang Zhuo had no insider trading at all this time, and the so-called investigation would not last long, and the increase in stock holdings and the mandatory offer would turn into a price war.
When it comes to money, things are rough and simple.
No matter how much public opinion stirs up trouble, as long as the "poison pill plan" is blocked decisively, there will be room for this second plan to continue.
At ten o'clock in the morning, Fang Zhuo, who had dealt with the company's affairs briefly, welcomed Xiangjiang's investigation team, just for the matters related to the previous increase in holdings.
Generally speaking, this kind of stately investigation is announced and implemented after certain evidence is obtained.
However, this time, I'm afraid there will only be "magnificent".
The investigation team seemed to be asking more questions than investigating, mainly describing the intention of the head of Yike to increase its holdings, whether he knew about the recent positive news of Morningstar, the related transactions between its subsidiaries and Morningstar, and so on.
Fang Zhuo talked about his increase in holdings in a calm mood, and he didn't get angry at this sudden investigation.
He's not that domineering. If he wants Morning Star, he can't just allow the other party to fight back.
"When will this investigation end?" Fang Zhuo asked when Xiangjiang's friends got up to leave.
Xu Zhongxian, the executive director of the City Supervision Department of Xiangjiang, is the leader of the investigation team. He said politely: "Mr. Fang, we understand your feelings and will verify the situation as soon as possible."
Fang Zhuo asked again: "Can the results be announced before the Spring Festival?"
Xu Zhongxian thought for a moment, and then replied: "I can't be sure now, I can only say that our City Supervision Department will try our best to push this matter to an end."
The Market Supervision Department of Heung Kong is an administrative department, which cooperates with the Law Enforcement Department, the Insider Trading Tribunal and other departments to supervise insider trading.
Fang Zhuo let out a "huh" and continued: "As I said just now, there is nothing wrong with my increase in holdings this time. You come to investigate. I did not resist, and even welcomed it very much. I hope that it will be before the Spring Festival at the latest. able to end an investigation like this."
Xu Zhongxian thought in his heart that this time point is okay, but he didn't make a promise, but just smiled: "Why did Mr. Fang set the time for the Spring Festival? I will communicate with everyone after I go back."
Fang Zhuo nodded slightly, and gave himself a reason: "Before the Spring Festival, I want Morning Star."
The smile on Xu Zhongxian's face froze, feeling the strong determination from Mr. Fang.
He said again: "I understand, Mr. Fang, this matter will definitely be handled fairly."
Fang Zhuo reached out to shake hands with Director Xu, and sent the Xiangjiang guests out.
Xiangjiang responded quickly to the investigation this time, and I am afraid that there are some behind-the-scenes factors behind it. Mr. Liang was able to make Morning Star from zero to a listing scale of tens of billions. His determination, ability and means are not lacking.
After the formal guests left, Fang Zhuo went back to the president's office to listen to the latest analysis from the company's acquisition team.
Everyone was surprised by Mr. Liang's quick and resolute counterattack. In addition to continuing to communicate with some of Morningstar's management, one thing worth noting is that Mr. Liang may temporarily suspend the company's trading with major company matters.
Insider trading investigations eased the offense for a while.
The temporary suspension of the company's stock can also ease the attack for a period of time.
In addition, there is an upcoming annual report... This is the usual non-operational time.
Fang Zhuo's intentions have been revealed, and there are still many stumbling blocks that the opponent can set up.
Today is different from the past, the figure of the giant is not easy to hide.
However, today is different from the past, and the giants do not have to hide.
No matter the investigation, the suspension of trading, or the annual report, every obstacle will be removed. They are just small twists and turns leading to the ultimate goal, and the most important thing is the ownership of Morningstar.
Fang Zhuo's original planned price for the mandatory offer was to fluctuate by 15%, but now, respecting the advice of professionals, the price has fluctuated to 30%.
He himself is also ready to fly to Xiangjiang before the Spring Festival, intending to end this stalemate as soon as possible and complete the final control of Morningstar.
Seven years ago, Fang Zhuo thought hard about how to crack Sina's poison pill plan. Today, he no longer has to think about it this way.
The best solution to defeating the poison pill is not to dismantle it, but to not let it appear in the first place.
The final winner of this attack was announced after the horn sounded.
On December 12, Morningstar held a board meeting for the second time. The head of the company, Liang Gongwei, raised the "Shareholders' Rights Plan" again, but this time it was still rejected.
The difference from last time was that last time there were 4 abstentions, this time there were 2 abstentions and 2 against.
Acquisition strikes, the poison pill is hard to throw away.
I won't stay up late today, I will fill up the word count tomorrow.
Monthly ticket plus change and other weekends.
(End of this chapter)