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Chapter 258 Poison Pill

In Zhan Dao Capital, Long Mingyi flipped through the financial news and ate the ham sandwich in his hand.

"Didn't you eat in the morning?" Mi Ming opened the door and walked in.

"Sister Zhang went to prepare for her daughter's wedding." Long Mingyi said, "Yi Ren is making breakfast...sigh."

"Her daughter?" Mi Ming said, "Has she graduated? Is she going to get married?"

"I'm anxious enough." Long Mingyi said: "She said that having children while you are young will help you find a job in the future."

"I think if this is the case, she may not have to look for a job for several years." Mi Ming said, "Unless someone from her husband's family takes care of her, or Sister Zhang..."

"Sister Zhang has not retired yet. She has saved money over the years to pay for her daughter's tuition and make up the down payment. If she doesn't work, she will have nothing to eat." Long Mingyi said: "These two children really do whatever they want."

"From your description, Sister Zhang's son-in-law has an average family."

"I think they are not as good as Sister Zhang." Long Mingyi said: "So, these two children really do whatever they want, regardless of material conditions."

Mi Ming said from experience: "I think it's more like the man wanted to tie her up after the 'accident'."

"Those are other people's family affairs." Long Mingyi said, "Do you want to tell me some good news?"

"Yes." Mi Ming said: "Although the 'corner' has not been captured yet, Hu Yuan can't sit still. Regarding Bao Yumei, he made a mistake by asking him to take action."

"What's the mistake?" Long Mingyi put down the sandwich in his hand.

"Hu Yuan wants to buy back shares." Mi Ming said: "Xinfeng is going to buy back 5% of the shares on the market."

By repurchasing shares and reducing the number of circulating shares on the market, Hu Yuan thought he could reduce risks.

"Is he a genius?" Long Ming smiled and said, "Wouldn't that make him die faster?"

In Xinfeng Company located in Jing'an, the chairman's office was pushed open.

Hu Yuan looked up and saw that it was his daughter Hu Fei, and waved to the secretary who followed Hu Fei in. The secretary nodded, turned around and went out to close the door. The secretary was not stupid and would not really stop the future leader.

"Why are you looking so angry?" Hu Yuan asked.

"Did you say you wanted to buy back the shares?"

"That's what I said."

"You said you gave me all the power."

Hu Yuan stood up and said: "Bao Yumei has withdrawn. We can't wait any longer."

"Dad." Hu Fei shouted: "You can't buy back shares."

"Why?"

"What we lack most is funds." Hu Fei said: "Yuan Zhanyun's loan is not used for this."

"We have to keep Xinfeng."

"Dad!" Hu Fei asked Hu Yuan, "If Long Ming knew that we were going to grab shares, what would he do?"

"What can he do?" Hu Yuan didn't know.

"He can also rob!" Hu Fei said with certainty: "How can the funds in our hands be a fraction of Zhan Dao? Long Mingyi can mobilize one billion funds in one day, how can we have so much money? That is burning money

!Even if we win by then, Xinfeng is in our hands and the entire company has no liquidity. Will our Hu family tie up Xinfeng and die together?"

Hu Yuan was speechless.

"Dad." Hu Fei stamped her feet anxiously, "You are using your own shortcomings to compete with other people's strengths!"

"Quickly." Hu Yuan stood up and said, "Cancel the afternoon board meeting. We won't discuss buybacks."

"Huh." Hu Fei finally breathed a sigh of relief. "Let me take full responsibility. Just don't move around, okay?"

"Okay, okay." Hu Yuan patted his daughter on the shoulder and said, "I listen to you."

Within Zhan Dao Capital, Long Mingyi received news again that Hu Yuan had canceled the repurchase plan.

"This guy goes back on his word." Mi Ming said, "That's not very generous."

"It seems that someone who understands has stopped him." Long Mingyi said: "Reading books is not in vain, and learning is not in vain."

Mi Ming leaned forward and said in a low voice: "Hu Fei is very fast in disposing of assets. A lot of 'leftovers' have been disposed of. As for the price, I ask myself that I may not be able to sell it at her price. She is storing cash."

"Hu Fei is very capable." Long Mingyi said: "Her 'girl with a thousand faces' is a rare opponent."

"What is she going to do with so much cash?"

"Today's incident is a good thing!" Long Ming said to Mi Ming: "It exposed a suspicion. She won't compete with us for funds, at least not in the short term, so why is she storing cash?"

No matter how Xinfeng reserves cash, it cannot reserve the scale of Long Mingyi's sword capital.

Mi Ming gave two options, "In addition to selling the burden, the other is to withdraw funds."

If Hu Fei starts selling the company's most valuable assets, it will be a typical "scorched earth" strategy and will bring big fluctuations to the market.

"I didn't expect it either." Long Mingyi said, "But there is definitely a surprise."

"'Poison pill'?" Mi Ming asked, "fixed increase?"

"It seems very possible." Long Ming nodded, "You are too smart."

The official name of the "poison pill" is "equity dilution anti-takeover measures". Once an unauthorized party acquires a large amount of shares in the target company (usually 10% to 20% of the shares), the poison pill plan will be activated.

As a result, new shares flood the market. Once the poison pill plan is triggered, all other shareholders have the opportunity to buy new shares at low prices. This greatly dilutes the acquirer's equity and makes the acquisition expensive, thereby achieving resistance to the acquisition.

Purpose. Specific methods include increasing shareholdings, seeking an alliance of major shareholders and collecting voting proxies from small and medium-sized shareholders, finding third-party companies to act as foreign aid, purchasing Sniper shares at high prices, formulating targeted shareholder rights plans, etc.

"That's right." Mi Ming said: "Hu Yuan was too nervous. He disrupted Hu Fei's plan."

Long Ming nodded, "We will know what this fund is for."

"The poison pill is not easy to crack." Mi Ming said, "It's very difficult."

"So, we need to instigate the existing directors to stop the 'poison pill' plan." Long Mingyi said: "Although Bao Yumei is not a director, she is very powerful and may influence other people, so Hu Yuancai can't sit still.

.”

"I will activate every cell in my body right away." Mi Ming turned around and walked out.

Long Mingyi contacted Zhang Lu, "Is there any good news from Moqi?"

"If you don't see the rabbit, you won't let go of the hawk." Zhang Lu said, "It's better to let others bear the losses, right?"

"Then can you handle a few shareholders? Directors?" Long Ming sighed, "Mi Ming may not be able to handle them. 'Poison pill'..."

"That's really troublesome." Zhang Lu smiled sweetly. "It seems you still care about me."

"Yes." Long Ming nodded.

"I'll try my best. Goodbye." Zhang Lu hung up the phone.

Long Mingyi thought of Wang Canhui. Of course, finding Wang Canhui had to be done when Xinfeng was absolutely sure, or at least killed with one blow. Wang Canhui would be interested in this piece of "meat". This was also Wang Canhui's purpose of encouraging Long Mingyi.

When Wang Canhui rescued Liu Xiangdong, Liu Xiangdong also secretly gave Wang Canhui benefits.

Long Mingyi was thinking about everything when he received a call from Sun Tao.

"What's wrong?" Long Mingyi said, "You thought of me at the Ningzhen construction site?"

"Mingyi..." Sun Tao said sadly, "Li Chao...is gone."

"Leave? Let's go..." Long Mingyi was stunned, "When..."

"My heart attack this morning..." Sun Tao said: "I will say goodbye to the body the day after tomorrow."

"See you tomorrow." Long Mingyi hung up the phone.

When Long Ming recalled the phone call between him and Li Chao, Li Chao said it very sadly late at night.

"After the second session, I have to go to the sauna. I haven't gone home before 2 o'clock for five days in a row. If I do this again, I'm going to get divorced."

Suffering from alcoholic liver disease, fatty liver disease, hyperlipidemia, high blood pressure, and diabetes, Li Chao devoted almost everything he had to supporting his family.

Li Chao is a responsible man who works hard to make money for the sake of a good life for his family.

But he was not a "responsible" man either, leaving behind orphans, widows, and elderly parents.

Such a good person, although a little selfish, a little calculating, and a little cunning, should not have such a short life.

The person who always greeted everyone with a smile could no longer smile.
Chapter completed!
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