v3 Chapter 1006: Easily earned hundreds of millions

After Werry finished speaking, someone immediately distributed the prepared bills to the participants.

Wade Shiyahuai's face changed drastically when Werry spoke.

After getting the bill, I opened it immediately and searched for key sentences and numbers.

"... After Jiuding Bank, Standard Chartered Bank, Standard Certified Public Accountants, Standard Law Firm and other parties have determined the assets of Cathay Pacific Airways, Cathay Pacific Airways is valued at 1.8 billion Hong Kong dollars, and the company’s existing total share capital is 200 million shares. Nine Hong Kong dollars..."

"...It is proposed to designate a private placement of 100 million shares to Jiuding Industrial Group at a price of nine Hong Kong dollars per share, and raise 900 million Hong Kong dollars..."

"The funds raised will be used to purchase four Boeing 747 airliners..."

After seeing these sentences and numbers, Wade Shiya trembled with anger, his white face was congested and turned dark red because of his excitement.

"Snapped!"

Wade Shiyahuai slapped the slap again on the table, shocking most of the people in the conference room, and everyone's eyes focused on him.

Seeing that he is so angry, people who have seen the proposal can naturally understand, but understanding is due to understanding. Now that the gods are fighting, they can only watch and watch the play quietly.

"Werry, don't go too far!"

"The valuation of Cathay Pacific Airways in Economic Weekly is clearly 2.8 billion Hong Kong dollars. You are wantonly encroaching on the legitimate interests of shareholders. You are illegal!"

"The China Securities Regulatory Commission will never approve it! You never want to succeed!"

Wade Shiyahuai shouted angrily.

No wonder Wade Shiyahuai is so angry. It is true that if additional issuances are made in accordance with this proposal, the interests of their Swire Airlines will be seriously damaged!

At present, Swire Airlines still holds 37% of Cathay Pacific Airways. Based on a valuation of 2.8 billion Hong Kong dollars, the value is 1,033 million Hong Kong dollars.

If he is valued at 1.8 billion Hong Kong dollars, his equity is only worth 666 million Hong Kong dollars.

It has shrunk 370 million Hong Kong dollars out of thin air!

Although through layers of equity relationships, the actual loss to their Shi Yahuai family is about three.

But even with three floors, there are more than one billion!

In addition to the loss of assets, the decline in the shareholding ratio and the strengthening of the actual control of Cathay Pacific by Jiuding Industrial Group are also reasons for Wade Shiyahuai's anger.

According to this proposal, the company's total share capital will be changed from 200 million shares to 300 million shares.

The 74 million shares currently held by Swire Airlines will reduce the proportion of the company's total equity from 37% to 24.67%.

The shareholding ratio of Jiuding Industrial Group will increase from 54% to 69.33%!

More than two-thirds!

In addition, after the dilution of the Xiangjiang Airport Ground Service Company and the Xiangjiang Aircraft Engineering Company, there is a cumulative total of 6% equity.

Then the number of director seats belonging to Jiuding Industrial Group will increase to fifteen!

Jiuding Industrial Group's control of Cathay Pacific will be easier!

Even if he won a few independent directors, it would not be a constraint.

Not to mention that this time, if Werry maliciously dilutes their equity again and again, the loss will be even greater.

So Wade Shiyahuai is now talking about anger, but what is hidden below is actually panic.

Faced with the angry threat from Wade Shiyahuai, Werry said with a sneer: "Mr. Wade Shiyahuai, I dare to mention this proposal. It must be within the scope of the law. If you don't understand the law, don't blame it."

"As for whether the China Securities Regulatory Commission will endorse, that is a future thing, so you don't need to worry about it!"

After speaking, Wei Li said loudly: "For this proposal, everyone shows their hands to vote!"

After speaking, Werry raised his hand again.

A similar scene happened again.

Except for Wade Shiyahuai, all those who were eligible to vote raised their hands.

Wade Shiya's eyes were cracked with anger, his eyes were bloodshot, and he stared at Werry savagely.

But Werry ignored him directly!

The secretary of the board of directors and the representative of the supervisors once again cooperated to count and read the number of votes: "The total number of votes for the proposal on private placement of stock financing is 27 votes, 20 votes in favor, 7 votes against, and the approval rate is 74%. Point 07, more than two-thirds, agrees with the provisions of the Company Law and the "Articles of Association", and the proposal is passed by a vote!"

After that, everything is settled!

Wade Shiyahuai was so angry that his chest seemed to burst. He couldn't bear it anymore, and he didn't care about his demeanor. He got up and kicked over the stool and left in full view.

When opening the door, due to excessive force, the door of the meeting room slammed into the wall, making a loud noise, making most people in the meeting room look at each other.

Outside Cathay Pacific.

The reporters and the people who eat melons stared at the hot sun eagerly, no matter how little they chatted, their eyes would never leave the gate for three seconds.

As Wade Shiyahuai's figure appeared by the gate, the reporters waiting outside immediately became agitated.

"Wade Shiyahuai is out!"

I don't know who shouted, and then reporters rushed towards him frantically. If the police hadn't desperately stopped him, Wade Shi Yahuai would have been drowned by the crazy reporters.

"Mr. Wade Shiyahuai, what has happened to make you so angry?"

"Mr. Shi Yahuai, why are you the only one to leave the meeting?"

"Mr. Shi Yahuai..."

Listening to the noisy words, Wade Shiya, who was already in a bad mood, had a headache, especially when he felt that someone behind him was pulling his clothes to prevent him from leaving. He slammed it hard and turned his head and shouted: "Shut up. !"

The journalist who was pushed rolled his eyes and yelled "I hit someone!" and fell to the ground.

The besieged reporters were even more excited and kept pressing the shutter, filming the misery of the "beaten reporter" and the appearance of Wade Shiyahuai who left coldly.

The atmosphere at the scene became more tense.

Wade Shiyahuai's bodyguards sensed that it was not good, and immediately stepped up their protection, and tried their best to cover the employer to squeeze the crowd into the car and leave.

Although many reporters were unwilling to see Wade Shi Yahuai's car driving away, they did not feel much regret.

Although they didn't get any useful information from Wade Shiyahuai, they could get it from other people behind.

Instead, the scene that happened just now was a huge explosion.

Some reporters have already thought about the news headlines for tomorrow, such as "Cathay Pacific Airways has changed dramatically, Chairman Wade Shiyahuai left in anger!"

Another example is "Cathay Pacific's chairman has lost control and beat reporters!"

...

In short, after Wade Shiyahuai's appearance, the people present are more and more expecting Wei Li and others to come out after the meeting.

About twenty minutes later, Werry and others finally came out talking and laughing.

Facing reporters, Verit stopped to accept interviews.

Many other people also accepted interviews, and the whole story about what happened to the interim board of directors was fully reproduced in the minds of reporters.

By noon, everyone in the upper class of Hong Kong knew the outcome of Cathay Pacific’s struggle.

Shi Yahuai's family was defeated!

Cathay Pacific Airways officially changed ownership and was overwhelmed by the Jiuding Consortium!

In the first round of the Chinese Jiuding Consortium VS the British Swire Group, the Jiuding Consortium won!

The capital market reacted faster. In an interview, Werry replied that the stock price of Heungkang Aircraft Engineering Company was seriously high and the market needed to return to rationality and would not intervene in the purchase of stocks. After that, Heungkang Aircraft Engineering Company's stock began to plummet.

Jiuding Securities has long since left.

After receiving the report from his nephew, Norman Shiyahuai immediately asked the people of Swire Financial to stop buying stocks.

Without the two main players, other small trash fish in the periphery simply can't make the big waves, so it's no wonder that the stock price does not fall.

When the market was closed at half past twelve.

The share price of Xiangjiang Aircraft Engineering Co., Ltd. fell to 13 Hong Kong dollars per share, which is a six-fold drop from the opening price in the morning!

The market value has evaporated by more than two billion Hong Kong dollars!

And the downward trend is still unabated. After the stock market restarts in the afternoon, it will definitely continue to plummet. Maybe it will fall back to its original market value, or even lower.

This caused Norman Shiya, who had been watching, to vomit blood.

Swire Financial has acquired more than 5% of the shares of HeungKong Aircraft Engineering Company at a high price in the past two days. If the stock price drops back to the original price, his loss will exceed 150 million Hong Kong dollars!

It's a fool!

I believe that in the near future, this matter will be an afterthought for many people to talk about.

When someone is worried, others are happy.

When the Shi Yahuai family was overcast, Xia Yu was rewarding his powerful subordinates at the Peninsula Hotel after pushing the cup for a change.

Xia Yu put down the wine glass and said to Wei Li next to him: "Wei Li, the next private placement will still need to be voted by the shareholders' meeting. You call it as soon as possible, and I will deal with it at the Securities Regulatory Commission."

"In addition to this matter, you also need to take over the Xiangjiang Aircraft Engineering Company and the Xiangjiang Airport Ground Handling Service Company to ensure the stability of the company and not let the Shi Yahuai family disrupt them."

Werry nodded and replied: "Okay, Chairman!"

Xia Yu nodded slightly, then looked at Wang Qi on the other side, and said: "Wang Qi, when Wei Li completes the private placement, you will initiate another acquisition with Swire Airlines. The price can be pushed down from the beginning, anyway. We have taken the initiative, and if they know each other, they can relax the conditions a bit."

"By the way, Dongfeng Airlines still has 20% of the equity in their hands, and I asked them to buy it back. It was originally mine."

Wang Qi nodded his head and thought for a while and asked: "Chairman, how much is Dongfeng Airlines' equity bid?"

Xia Yu thought for a while, and said with a faint smile: "At most 150 million!"

"You can bid 100 million. Let's talk slowly. They have no other choice anyway."

Now that they have completely turned their faces with Shi Yahuai's family because of Cathay Pacific Airlines, Liangzi has already been formed, and it is impossible to untie them. It is better to continue to weaken their strength. It is a good thing to be able to lose tens of millions!

In the case of tearing up their faces, their 20% of the equity is a shit. Since the company is not listed anyway, he can work with Bao Yugang and Huo Yingdong to kill the Shi Yahuai family.

Asset transfer or private placement dilution, there is always one suitable for them!

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