Although Yingzhou Industry is a listed company, its intrinsic value is too low. Even if Liu Xiaobao wins against Qiang Mujie and eventually acquires the entire Yingzhou Industry, he will only have another company with a market value of about 2 billion yuan.

Therefore, Liu Xiaobao's target from the very beginning was the Southern International Group behind the Southern Investment Group.

His counter-acquisition campaign should more accurately be called a snipe takeover campaign; Liu Xiaobao had been preparing to snipe 'Southern International Group' from the very beginning.

Like Tianbao Group, 'Southern International Group' is also a group company.

However, the scale of the 'Southern International Group' was much larger than that of the current 'Tianbao Group'.

The Southern International Group has more than ten well-known subsidiaries, including Southern International Investment Company 01, Southern International Airlines, Southern International Hotel, Southern International Shipping Company, and so on.

Moreover, at least 'Southern International Group' is already a listed company, while 'Tianbao Group' is not.

The reason Liu Xiaobao spent several days negotiating with Qiang Mujie over the 601 stock was actually just to keep 'Nanguo Investment's' funds tied up.

As expected, Liu Xiaobao's plan succeeded. He only invested 50 million to buy 601 stock, and then added an empty promise, which not only distracted the other party, but also tricked Qiang Mujie into investing more than 600 million in 601 stock.

Now that Liu Xiaobao has acquired shares in 'Southern International Group', the other party will have less than 600 million yuan in funds available for its operations.

Even though 'Southern International Group' is a large listed company, its working capital is probably not much. Now that it has lost more than 600 million yuan, the amount of funds it can mobilize is even less.

As for the 50 million yuan that Liu Xiaobao used to buy 601 shares, Liu Xiaobao wasn't afraid of losing it.

He believed that once he won the battle to acquire 'Southern International Group', the stock price of 601 would naturally rise, and he would still be able to make some money then.

Moreover, even if the stock of 601 doesn't rise, Liu Xiaobao doesn't care; he'll just treat it as holding shares in Yingzhou Industry.

October 4th.

This was the day after Liu Xiaobao announced the acquisition of 'Southern International Group'.

As soon as the Shenzhen Stock Exchange and the Shanghai Stock Exchange opened, investors found a series of buy orders appearing on the trading floor.

The order to buy shares was for 'Southern International Group', and this was not someone else's doing, but Liu Xiaobao's doing.

As soon as the market opened today, he added another 500 million yuan to buy up shares of 'Southern International Group'.

Many shareholders who held shares in 'Southern International Group' were worried about being caught in the crossfire of Liu Xiaobao's takeover bid. After seeing so many buy orders on the stock market, they all sold off their shares.

Without hesitation, Liu Xiaobao invested another 1 billion yuan after sweeping up the 500 million yuan, simultaneously competing with 'Southern International Group' for the scattered shares circulating in the market.

At this moment, Liu Xiaobao was also glad that he had founded a company and recruited so many traders. Otherwise, he really wouldn't have been able to buy so quickly on his own. In terms of buying speed alone, he would probably have lagged far behind 'Southern International Group'.

With so many traders helping Liu Xiaobao take orders and buy up goods, and with ample funds as a backing, Liu Xiaobao's 'Tianbao Investment Company' has become a formidable competitor to 'Southern International Group'.

The shares circulating in the market were roughly split between the two sides.

Before the market closed that day, Liu Xiaobao raised his signboard to announce that "Tianbao Investment Company" now held more than 5% of the shares of "Southern International Group" and officially became a shareholder of "Southern International Group".

That wasn't all. Liu Xiaobao also announced that his acquisition would continue, aiming to take control of 'Southern International Group' in one fell swoop.

As soon as the news about Liu Xiaobao came out, Southern International Group immediately convened an emergency board meeting.

The reason for holding a board meeting instead of a shareholders' meeting was that Liu Xiaobao already held five percent of the shares at that time.

If they were to hold a group shareholders' meeting, they would have to invite Liu Xiaobao to attend as well.

So they played a trick, holding a board meeting instead of a shareholders' meeting, thus bypassing Liu Xiaobao.

Meanwhile, in the conference room of 'Southern International Group', the directors who held a large number of shares all looked as if they were facing a formidable enemy.

The topic of their meeting was naturally how to deal with the acquisition attempt from 'Tianbao Group', and at this point, they inevitably brought up Qiang Mujie.

Director A: "This time, Tianbao Group is coming on strong. As far as I know, they have already invested about 1.7 billion yuan to acquire our shares."

Director B: "That's right, I've received the news too. The most important thing is that they want to continue acquiring our shares, which means they obviously have plenty of funds available."

Director C: "Tianbao Group already owns 5% of our shares. I've calculated that if Tianbao Group were to acquire another 30% of our shares, they would become our largest shareholder and gain control of our group."

Director Ding: "How could we allow an outsider like Tianbao Group to control our group? This is absolutely unacceptable."

Chairman: "Then we only have one option left: to mobilize all the funds available in our group and continue the bidding war to prevent him from getting another 30% of the shares."

Director Ji: "But now our group's stock price is being driven higher and higher by the other party's acquisition attempt. If we want to buy up those scattered shares, it will require a lot of funds. Does our group have enough funds available?"

Director A: "It's really a bit tight. Today, our group has already invested 1.5 billion to compete with them for those scattered shares. We really don't have much capital left to use."

Director B: "No matter how tight things get, we can't just stand by and watch the group change hands. Otherwise, what will our 'Southern International Group' become? Are we going to watch it become a subsidiary of 'Tianbao Group,' which hasn't even gone public yet?"

Director C: "That's right. Tomorrow, notify all subsidiaries to gather all their funds at the group headquarters. Let's win this battle first!"

Director Ding: "By the way, there are still more than 600 million yuan of funds tied up in the stock market at Pujiang Qiangmujie's company. Should we let him withdraw them or continue to hold them?"

Director A: "I get angry whenever I think of that good-for-nothing Qiang Mujie. If it weren't for this incompetent and useless guy, we wouldn't have failed to make any money and instead brought in a formidable enemy from Pujiang for no reason. Let's ignore him and have Pujiang withdraw all its funds to help headquarters!"

Director B: "But if we withdraw now, we'll lose a lot, maybe a hundred million!"

Chairman: "How about we leave that situation alone for now? Tomorrow, let's see if the funds raised by the other subsidiaries are enough to compete with 'Tianbao Group'. If not, then we can let Pujiang Investment Company exit and cash out!"

Director A: "Alright, then we'll do as the chairman says! But that good-for-nothing Qiang Mujie, once this is over, I'll definitely not let him off the hook!"

Chapter 98 Make that good-for-nothing Qiang Mujie come back (Please subscribe)

One family rejoices, another grieves.

Just as Liu Xiaobao was feeling smug about his takeover bid, Li Li looked distressed and regretful.

Because she knew Qiang Mujie's inside information beforehand, and because Li Li had too much faith in Qiang Mujie's abilities.

So Li Li also used all the money she had to buy 601 stock.

So now not only is Qiang Mujie's 'Nanguo Investment' funds tied up in the stock market, but Li Li's money is also tied up in the stock market.

Today, there were a lot of sell orders for 601 shares on the Shanghai Stock Exchange, but no one was buying them, which made those who still held 601 shares anxious and worried.

Li Li is one of them.

This was the first time Li Li had doubted her own judgment.

She never imagined that what Liu Xiaobao had told her that day was true. Liu Xiaobao genuinely didn't take Qiang Mujie seriously, and not only had he secretly taken control of the entire situation, thwarting Qiang Mujie's acquisition plan, but he had also brilliantly retaliated against the "Southern International Group" behind "Nanguo Investment."

Li Li was now truly regretting that she hadn't trusted Liu Xiaobao before.

You should know that the money she used to buy 601 shares was all her savings. If she really couldn't withdraw the money, even the operation of her Zhizhen Garden would be affected, not to mention her plans for the future.

However, once the bet is placed, Li Li is willing to accept the consequences.

She didn't call Liu Xiaobao to inquire about the inside story just because her money was tied up; she simply continued to quietly follow the acquisition battle.

Moreover, the Qilin Society was just as distressed as Li Li.

The Qilin Club also invested a lot of money this time, and they bought 601 shares at a very high price, basically above 16 yuan per share, and now they are suffering huge losses.

The only difference is that the Qilin Society could vent their anger on Liu Xiaobao over the 414 stock incident last time, but this time, even if they wanted to find a scapegoat, they couldn't.

After all, it was the Qilin Association that voluntarily got involved in this stock market battle!

October 5th.

Liu Xiaobao's acquisitions are still ongoing.

And indeed, 'Southern International Group' withdrew a large sum of money from its subsidiaries.

On this day in the stock market, 'Southern International Group' and 'Tianbao Investment Company' were fiercely competing to buy up all the stocks dumped by retail investors, and the battle between the two sides was even more intense than the day before.

As a result, the share price of 'Southern International Group' rose from NT$35.50 per share at yesterday's closing price to NT$42.40 per share.

Even though the stock was rising and the upward trend seemed pretty good, the retail investors who held the shares didn't dare to hold on any longer. As soon as they made money, they quickly sold them off.

This was solely because Liu Xiaobao had publicly announced his intention to seize control of the 'Southern International Group'.

Therefore, retail investors are also worried that something might happen and they would end up losing everything. They might as well take advantage of the fact that they can still make some money now and quickly sell and leave the market, so as not to end up like the gods fighting and mortals suffering.

Of course, as the stock price rises, the funds that Liu Xiaobao and 'Southern International Group' need to use to acquire those stocks will also increase.

Southern International Group invested an additional 900 million yuan today to snap up shares, and Liu Xiaobao also added 1 billion yuan.

By this day, Liu Xiaobao had invested 2.7 billion yuan, and had only managed to compete with 'Southern International Group' to a standstill, with neither side gaining a clear advantage, as the number of scattered shares acquired by both sides was roughly the same.

Moreover, despite the increased investment as the stock price rose, the number of shares acquired was still less than what Liu Xiaobao had previously acquired.

So despite Liu Xiaobao's subsequent investment of so much capital, he currently only holds 11% of the shares in 'Southern International Group', which is still far from enough to secure a controlling stake in the company!

However, Liu Xiaobao was not in a hurry at all, since he still had plenty of funds at his disposal.

Liu Xiaobao then called Li Shengli into his office and told him to go to Shenzhen Zhen as quickly as possible to try to contact the shareholders of 'Southern International Group' and see if they were willing to sell their shares.

Li Shengli, carrying Liu Xiaobao's orders, took the last flight to Shenzhen Zhen that day.

October 6th.

That afternoon, just as Tianbao Investment Company and Southern International Group continued their fierce competition to buy up the scattered shares, a piece of news suddenly spread within Southern International Group.

The message stated that Tianbao Group sent representatives to negotiate with the shareholders of Southern International Group, intending to acquire their shares at a price 1.5 times higher than the share price.

Once the news spread within the 'Southern International Group', the shareholders immediately gathered together again.

Each of these shareholders looked at the other with suspicion, wondering whether the other had sold their shares to 'Tianbao Group'.

In the end, no one could trust anyone else.

After all, the acquisition price offered by 'Tianbao Group' is 1.5 times the current stock price, and the current stock price has already been driven up much higher than before. If they sell the shares at 1.5 times the current stock price, they can make a fortune.

With such a profit at stake, no one felt they could resist the temptation, so no one trusted anyone else.

At this moment, the chairman of 'Southern International Group' noticed that the atmosphere was not right and quickly set the tone.

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