Hong Kong 1980: The Savage Era

Chapter 482 484 [The Overall Situation Has Been Decided]

That afternoon, the Yang Family Holdings Company announced a counter-takeover case, sternly rejecting the hostile takeover by Heng An Investment Company, and at the same time rejecting Heng An Investment Company's request to send four directors to the Yang Hiap Seng Group.

As Luo Qihong expected, the shares held by Yangjia Holding Company did not exceed 40%, only 0.3% more than Hengan Investment Company.

Although the Yang Jinglian family has been doing business in Southeast Asia for more than 40 years and has complex personal connections, few people are willing to really help the Yang family resist foreign enemies and only want to gain some benefits from it.

Therefore, Yang Zhiyao and Yang Tiancheng could only apply for mortgage loans from United Overseas Bank, Overseas Chinese Bank, etc. on behalf of Yang's Holding Company. However, those bankers also wanted to take advantage of the situation and lowered the amount of the loan. Yang's Holding Company only obtained S$9000 million in funds.

According to the current stock price, this amount of money can only buy 20% of the group's shares at most. It seems to be enough, but in fact it is far from enough, because Luo Qihong will definitely increase the stock price quickly, and he will also criticize the Yang Jinglian family for lacking funds to fight back.

Sure enough, the front-page headline of the next morning's morning paper was "The Yeo family of Yeo Hiap Seng Group has only S$9000 million in funds", with the subtitle "How to resist the enemy with a small amount of funds".

The following content summarizes the trend of this stock and even analyzes the best selling price, which is regarded as a classic by small shareholders.

Luo Qihong’s calculations were indispensable in this. His advantage was in funds, which of course needed to be expanded infinitely to minimize losses.

There is nothing shameful about normal business practices.

Luo Qihong stood in front of the huge floor-to-ceiling window, overlooking the prosperous scene of Orchard Road, his face full of pride.

The defeat of Yang Jinglian's family is inevitable, and now it is just a last-ditch struggle.

After yesterday's acquisition, Hengan Investment Company has held more than 40% of the shares of Yeo Hiap Seng Group and has successfully become a first-generation shareholder. According to Singapore's listed company regulations, Yeo's holding company can no longer stop Luo Qihong from convening a new shareholders' meeting.

"Boss, Yeo Hiap Seng Group's chairman Yeo Chi Yao and director Yeo Tien Cheng want to see you." The female secretary stood behind Luo Qihong and said respectfully.

Luo Qihong waved his hand and said, "Let them in."

The Yang family finally came to him, and he thought this family was very upright, but in the end he had to go there in person to beg for mercy.

Soon, the secretary brought two people in. Luo Qihong still stood in front of the French window, and he didn't turn around until the secretary said "The guests have arrived".

"Hello, Mr. Luo! I've long heard of you!" Yang Tiancheng greeted with a smile.

"Hello to you too, Mr. Yang!" Luo Qihong spoke fluent Mandarin, which surprised Yang Tiancheng a little.

"Please sit down!" Luo Qihong walked to the sofa area and sat down, his eyes falling on Yang Zhiyao.

"Isn't Mr. Luo a little too overbearing? Yeo Hiap Seng Group is my family's ancestral business." Yang Zhiyao attacked Luo Qihong as soon as he sat down.

Yang Tiancheng frowned immediately. He didn't expect his nephew to be so ignorant. This show of power might have no effect on the person in front of him. Instead, it would make things go wrong.

Luo Qihong sneered, "If it is the Yang family's ancestral business, why should it be listed? Mr. Yang probably doesn't understand the significance of a listed company. If the Yeo Hiap Seng Group is listed, it will no longer be your ancestral business."

"Besides, the mall has its own rules. If you don't want to follow the rules, you can go home and hug your children. No, I should say hug your grandchildren."

"You are so rude." Yang Zhiyao stood up immediately. He didn't expect that his show of power was useless and he was defeated by Luo Qihong. He was a little angry and embarrassed.

"Since the two Mr. Yangs are here to demand an explanation, you may go back. I have accepted your declaration of war, and I will certainly return the courtesy to your Yang family." Luo Qihong picked up the teacup, with an attitude of 'goodbye'.

"Mr. Luo, we are not here to accuse you, but to discuss matters." Yang Tiancheng said, "I apologize to you on behalf of the headmaster."

"Mr. Yang, no matter how we talk, I will never give up. Even if I give up, your Yang family can't afford the price." Luo Qihong smiled. Yang Zhiyao became arrogant again. "My Yang family has been operating in Singapore for almost half a century. Don't think you can get it easily. We can both benefit if we talk well. If we fight, both sides will suffer, or even die together."

"Yeo Hiap Seng Group's market value is only US$3 million (after the acquisition was announced). I have prepared US$5 million for this acquisition. Do you think it will be a disaster?" Luo Qihong said with a sneer, "I think the fish will die, but the net will not be broken. Yeo Hiap Seng Group, I am determined to acquire it."

Yang Tiancheng took a deep breath, turned to Yang Zhiyao and said, "Zhiyao, go back first. I want to have a good talk with Mr. Luo."

Seeing that Yang Zhiyao didn't answer, Luo Qihong smiled and said, "Mr. Yang, you should go back first. My office is not so welcoming to you. You can also go back and prepare for a business war."

Yang Zhiyao groaned, stood up, and quickly left the office.

"Mr. Yang, just tell me your conditions directly. It seems the show is over." Luo Qihong said with pursed lips.

Yang Zhiyao is also a veteran in the business world, so it is impossible for him to hit someone so violently. It must be a plan that the two of them had discussed beforehand.

However, Luo Qihong was very curious about what price Yang Tiancheng paid to convince Yang Zhiyao.

Yang Tiancheng smiled and said, "Sure enough, I can't hide it from Mr. Luo. I think the cooperative management method you proposed before is very good. This will also improve the situation of the group."

"Hmph! Mr. Yang, I spent such a huge price, is it just for the previous cooperation? You underestimate me too much." Luo Qihong said with a smile.

"Then what does Luo Sheng want?" Yang Tiancheng's face also turned cold.

"You must give me the management rights of Yang Xiecheng. This is my bottom line. If you don't give it to me, I will come and take it myself." Luo Qihong said, "But if you know what's good for you, the position of supplier of the group can still be left to a few of you. Otherwise, there will be nothing left."

"Luo Sheng is no longer a rookie in the business world. My Yang family has been running the group for nearly half a century. Do you think it's so easy to control?"

“If it’s hard to control, we’ll acquire all of them and force them to delist,” said Luo Qihong.

“Huh!” Yang Tiancheng took a deep breath and tried hard to suppress his anger. “Do you know how many employees Yeo Hiap Seng Group has? You can’t handle a full takeover.”

"Mr. Yang, if you had this ability, you wouldn't be in this situation now." Luo Qihong shook his head, "If you agree to my request, we can continue the conversation, otherwise I can only send you away."

Yang Tiancheng's mouth twitched, and after thinking for a moment, he responded, "I'll go back and discuss it with the tribesmen."

"Okay, but what I want to tell Mr. Yang is that I will not stop during this period. Once I acquire more than 45% of the shares, everything we have agreed on will be invalidated." Luo Qihong said.

Yang Tiancheng left in a huff. Their Yang family had been domineering here for too long and had forgotten how Yang Tianen had built his empire.

In fact, Luo Qihong was not willing to force the Yang family in this way. As Yang Tiancheng said, it takes a lot of energy to control the entire group, which may involve the dispatch of thousands of employees. He would need to stay in Singapore for several months.

However, Yang Zhiyao's attitude stimulated him and forced him to change his mind temporarily. After all, Singapore is not Hong Kong, and this is not his base camp. He cannot stay in Singapore forever.

If we have to keep on guarding against the Yang family's mischief, it is better to solve it all at once, no matter how little trouble it may cause.

He believed that Yang Tiancheng would give him an answer soon. The Singapore stock market had already set off huge waves. Investors did not care about the pros and cons, they only cared whether they could make money or not.

As for the Z government, Yeo Hiap Seng Group is not a monopoly company and has almost no influence on Singapore. Moreover, if it intervenes without authorization, it will have a huge impact on the market that has just been opened.

Therefore, Yeo Hiap Seng Group can only belong to him. It will become the bridgehead of the Luo family in Singapore. He can start planning the next step.

(End of this chapter)