章節 339: Chapter 339: Bao Yugang’s Kind Reminder
The next two days were Saturday and Sunday, with the stock market closed for the weekend.
However, Xia Yu's actions did not stop. The stock repurchase plan for Yi He Insurance Consulting Group was in progress.
Due to Xia Yu's swift actions, the stock price had not risen before trading was suspended. As a result, when trading was suspended, the stock price had barely increased. Therefore, the repurchase price was set at HK$10 per share, with a 20% premium, which was considered fair to the shareholders.
There were still 3.78 million shares of stock held outside, accounting for 6.3% of the total shares.
The repurchase had a deadline: if the shares were not repurchased by then, they would become invalid. Thus, shareholders and small to medium-sized institutions quickly lined up to sell their shares. The repurchase locations were the stock exchange and Jiuding Securities Company, both of which had long queues.
All 3.78 million shares were gathered into Jiuding Securities' portfolio, costing a total of HK$37.8 million, which was then immediately transferred to the Galaxy Fund's account.
As a result, Xia Yu held 36 million shares, accounting for 60% of Yi He Insurance.
The absolute majority shareholder was advantageous. Even if the Keswick family wanted the shares, they had no means to stop Xia Yu from acquiring them.
With the completion of the stock repurchase, Yi He Insurance Consulting Group was privatized. However, there were still three shareholders: the largest shareholder, Galaxy Fund, with 60%; the second-largest, Yi He Holdings, with 30%; and the third, Huafeng Investment, with 10%.
From now on, Yi He Insurance could be said to be under Xia Yu's control. However, since Yi He Holdings was still a stubborn holdout, Xia Yu temporarily abandoned plans to reform Yi He Holdings. He intended to first acquire the remaining 30% of the shares held by Yi He Holdings.
On Monday, at 9:30 AM, the stock market opened. Shareholders were somewhat disappointed as, despite last week's market turbulence, neither Jiuding Securities nor Galaxy Fund showed any major actions this week. Even other financial companies were relatively inactive, disappointing those who were eagerly waiting for more excitement.
After the market opened, Xia Yu quietly arrived at Jiuding Securities' trading desk at the stock exchange, checking the market situation.
At this moment, Xia Yu's gaze swept through the crowd, and he seemed to spot Bao Yugang's figure. Upon closer inspection, it was indeed Bao Yugang.
At that moment, Bao Yugang had just walked out of the HSBC Securities Kowloon branch and seemed to be about to leave. Xia Yu pondered for a moment and instructed Wang Qi, "Send someone to invite Bao Yugang over."
Xia Yu did not intend to go out himself. If he were recognized and encountered the shipping king, the meeting of two heavyweight figures, especially as last week's hot news, would undoubtedly cause a huge stir and lead to unnecessary trouble.
"Understood!"
Wang Qi responded and immediately sent someone to invite Bao Yugang.
Soon, Xia Yu saw his subordinate running up to Bao Yugang. Bao Yugang stopped and, after listening to the subordinate, looked up towards Jiuding Securities' trading desk. He then changed direction and walked towards Jiuding Securities.
Before long, Bao Yugang entered the room and immediately smiled when he saw Xia Yu.
Xia Yu also greeted him with a broad smile, shaking hands with Bao Yugang and saying, "Mr. Bao, I apologize for not inviting you in person."
"Ha ha, it's better that you didn't come. Otherwise, I would have been surrounded, and walking would have been impossible."
Bao Yugang replied with a hearty laugh.
Xia Yu smiled at this and then led Bao Yugang to the inner room, where staff promptly served hot tea.
"Mr. Bao, how did things go on your end?"
After sipping tea, Xia Yu casually asked.
Bao Yugang knew Xia Yu was referring to the Keswick family's shareholding issue and shook his head with a wry smile, saying, "I can only say it's average. The company is temporarily under control, but the Keswick family's shareholding is too large, and they rejected my acquisition offer. It's still a problem."
Xia Yu nodded slightly in understanding and said with a smile, "Ha ha, Mr. Bao, I believe the Keswick family will eventually let go."
"I hope so!" Bao Yugang said with a smile.
"By the way, Xia Yu, your situation is much better than mine. How is the acquisition going? I heard you met with Old John a few nights ago?"
Bao Yugang inquired.
He had learned last night that Xia Yu had met with Old John and his son at the Peninsula Hotel. Although he was curious and concerned about how things went, Bao Yugang had not disturbed Xia Yu since it was quite late.
Now, meeting Xia Yu by chance, he decided to ask and check in.
Xia Yu nonchalantly smiled, "It was similar to yours. The Keswick family refused to sell and even tried to force me to sell the shares to them, ha ha."
Bao Yugang was not surprised and offered comfort, "That's normal. Old John is not someone who easily gives up. He is famous for using any means to achieve his goals. Since he wants you to sell the shares to him, you should be cautious. If you continue to target them, you'd better be well-prepared. Repeated pressure can easily force the Keswick family into a corner."
"If you encounter any trouble, call me immediately."
Bao Yugang said with a serious expression.
Seeing Bao Yugang's serious demeanor, Xia Yu was touched and also heightened his vigilance. He restrained his smile, frowned, and nodded, "Okay, thank you for the reminder, Mr. Bao. I will be careful!"
Seeing that Xia Yu had taken his advice seriously, Bao Yugang did not elaborate further. He nodded and started discussing other stock market matters with Xia Yu.
Before long, Bao Yugang left. Watching his departing figure, Xia Yu pondered.
He could sense that Bao Yugang's words were sincere concern. However, what he said was not without merit.
Bao Yugang was certainly more familiar with the Keswick family's situation than Xia Yu. Since he gave a serious warning, it must be based on the actual danger posed by the Keswick family.
"It seems I must increase my vigilance and prepare more thoroughly. Otherwise, if they do become desperate, it would be troublesome. Preparing more is always better…"
As Xia Yu thought about the impending move on Yi He Machine Group, which aligned with Bao Yugang's advice of applying repeated pressure, he felt a shiver and silently vowed.
"By the way, I haven't seen Yan Shining for a while. I wonder how the site construction is progressing. Since I have some time this morning, I might as well go and check it out!"
Xia Yu was always decisive. As soon as he thought of something, he acted on it immediately. He left the stock exchange and got into his car.
After providing the location, Xia Yu's car sped towards the destination.
每周推薦票狀態
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榜單 
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