Chapter seven hundred and seventy fifth poison pill plan
In order to give an explanation to the next level, the Hong Kong government immediately followed the clues provided by Zhongxing Group and launched a large-scale investigation. Zhongxing Group also went against the norm, breaking the traditional rules of multinational companies, and actively making the group's internal commercial espionage and personnel adjustments public. Therefore, news came from Zhongxing's Hong Kong headquarters that several job-changing employees were found to have been taken away by the ICAC and the Commercial Crime Investigation Section for investigation for various business behaviors that harmed the company before leaving.
Those who received "good news" from Zhongxing hurried to Hong Kong and contacted them with ulterior motives who tried to steal information and talents were also in trouble. Many people were arrested before boarding the plane and were taken away by a group of passengers' eyes to see terrorists. They were in good situations and were subject to investigation and restricted departure. Those who were bad were directly sued, commercial bribery, commercial espionage and other crimes were everywhere.
According to statistics, in just three months when Yang Xing was unconscious, Zhongxing Group took the initiative to file more than 100 commercial lawsuits of various types, which did not include various related civil lawsuits involved. Moreover, the battlefield of this legal war was not limited to Hong Kong. In the mainland, Britain, the United States and other countries, the law firms under Starry Sky Human Resources, which have always had a weak presence, received a case and were forced to cooperate with many internationally renowned law firms. The amount of claims raised was as high as tens of billions of dollars, which shocked many opponents who thought Zhongxing's foundation was shaken.
Zhongxing Group took the initiative to launch propaganda and legal wars, not only swept away many hidden dangers within the group, but also left the world a new image of a porcupine covered with barbed ones. In order to attack opponents, Zhongxing Group mobilized various forces to cause trouble for many people who covet Zhongxing Group. Many people were detained by the Hong Kong government, which made the US and British consulates come to the door every few days to ask for explanations for the detention of their citizens. However, the SAR government spread its hands and spread all its hands to Zhongxing Group. Everything in the rule of law society must be done according to the rules. Your people engage in commercial espionage activities, which involves many matters related to the SAR government's Counter-terrorism Bill, and they must be investigated slowly. Isn't your Patriot Act also doing this? Besides, they are not allowed to go to prison now, but they are just not allowed to leave the country. At most, they are under house arrest. What's there to be afraid of?
With Zhongxing's fuss, coupled with the big publicity, the group employees realized that the company was full of crises, with so many "spy" lurking, and countless black hands outside were looking forward to the collapse of the group. However, the outside world saw Zhongxing Group taking advantage of this to occupy a moral height. It also quickly quelled the group's external and internal troubles. At this time of storm, the Executive Board took over Yang Xing's responsibility well and established a stable and tough image. It may not be enough to explore. But it is more than enough to maintain success.
Sometimes confidence is more important than anything else in the market. The practice of the Executive Board of China Star has undoubtedly won market confidence. The group's stock price quickly stopped falling and rebounded. Although some people have released various news from time to time in the market to influence the group's stock price. However, with the support of partners and major shareholders with government backgrounds such as Hong Kong in the Mainland, the group has been able to launch a defensive counterattack.
In addition, as soon as the "Doomsday flare" plan was launched, a "revenge" fund of no less than $1 billion began to operate in secret. No matter who could provide clues to the assassination of Yang Xing or the behind-the-scenes planners, they could receive high rewards. If they could kill or capture the other party alive, they could become a billionaire overnight. The mercenary troops led by Lin Jiana, with the backbone of Afghanistan and Iraq, penetrated into many suspicious target locations early and locked in the suspect. They just waited for Yang Xing to wake up and acted according to the order. If Yang Xing could not wake up, the chain that tied the Iron Blood Queen would be completely cut off. The crazy she would definitely set off a bloody storm around the world.
The enemy who was still shrouded in death was at this time. Many of their subordinates were locked up by the Hong Kong government and were determined to save others. They did not believe that the other party could only play with the law, such as the open method. From the moment they took the initiative to assassinate Yang Xing, this was no longer the usual business war, but a cruel war to the death.
If Yang Xing is not completely defeated, they can't even sleep at night. What Wang Yiren talked to Yang Xing about was to defeat the opponent's assassination several times and control the stock price. The enemy also changed his strategy and decided to jump to the front desk to confront him head-on. According to their plan, Yang Xing was attacked and fell, which would definitely cause a sharp decline in the group's stock. Taking advantage of the chaos of the group, bribery of the group's internal personnel to lure the management into making major business mistakes, and then let Zhongxing collapse or reduce its competitiveness. In this way, even if Yang Xing wakes up, he will no longer be their opponent.
However, the Executive Director’s decisive approach to first eradicate internal troubles and then shock foreign enemies made them realize that this road was blocked and that the plan to make a contribution to one battle went bankrupt, so they would adopt the method of hurting them rather than cutting off their fingers, and actively send a signal to maliciously acquire listed companies under Zhongxing Group in the capital market, breaking the interlocking chain of Zhongxing Group’s enterprises.
The malicious acquisition targets they chose Xingmei Fashion and Xingguang Entertainment. Because in the eyes of outsiders, Xingmei Fashion has spent a lot of money to acquire well-known foreign luxury brands in recent years to enter the luxury jewelry market, and has invested a lot of publicity expenses in many media. Even though it enjoys a certain brand awareness in Asia, the group is in high debt and its operating performance ranks low among Zhongxing Group's companies. This time, due to Yang Xing, the stock price has fallen by 30% in a short time! It is a great opportunity to buy on dips.
Starlight Entertainment firmly sits on the throne of East Asian entertainment media overlord and is the signature and image ambassador of Zhongxing Group. However, the entertainment industry is glamorous and has a huge investment. Starlight Entertainment's stall is large and its artists are first-class in value and treatment, and the cost control is not as good as companies such as Nebula and Xingchen. If the enemy wants to deprive Zhongxing Group of the right to speak, they will naturally not let Starlight Entertainment go.
Wang Yiren told Yang Xing that several famous hedge funds in the international capital market have privately contacted small and medium shareholders of the two companies and gained a lot of shares. A few days ago, they tore out and openly announced their acquisition attempt. After discovering the other party's intention, the Executive Directors immediately launched the "Poison Pill Plan" and fought hard to distinguish them. When Yang Xing woke up, the group employees used a light-lit ceremony to tell the outside world that Yang Xing woke up. In addition to cheering everyone up, they also announced that Yang Xing's return of the king, giving the market a clear signal and adding bargaining chips to the ongoing "Poison Pill Plan".
Acquisition is always the easiest and most effective way to attack opponents in the business world and expand one's own strength. Acquisition is already a very mature market behavior in the West. Both parties use various offensive and defensive strategies to complete the acquisition during the acquisition, and hope to obtain controlling equity and become major shareholders.
"Malicious acquisition" refers to an acquisition activity carried out by the acquisition company without the permission of the target company's board of directors, regardless of whether the other party agrees. The "Poison Pill Plan" is one of the most effective methods of anti-malicious acquisition, which helps increase the difficulty of malicious acquisition. It is divided into "Stockholder Rights Plan", "Debt Poison Pill Plan" and "Personnel Poison Pill Plan".
When the acquired company uses the shareholder rights plan, the company will grant shareholders special rights, and the board of directors issues preferred shares to the common shareholders. Once the company is acquired, the preferred shares held by the shareholders can be converted into a certain amount of the acquirer's shares. This is through the restructuring of the capital structure, reducing the shareholding ratio or voting rights ratio of the acquirer, or increasing the acquisition cost to reduce the company's attractiveness to the acquirer and achieve the anti-acquisition effect.
When implementing the debt poison pill plan, the acquired company intends to increase its own liabilities under the threat of malicious acquisition, issue bonds and agree that when a large-scale transfer of the company's equity occurs, the bondholder can request payment immediately, so that the acquirer will face huge cash expenditures immediately after the acquisition and reduce the attractiveness of the acquired company.
As for the personnel poison pill plan, it is very sensible. That is, the acquired company signs an agreement with all or most senior management personnel. Once the company is faced with the acquisition situation and the senior executives are faced with the prospect of being demoted or dismissed after the acquisition, all managers will collectively advance and retreat and resign together.
This strategy will make the acquirer carefully consider the huge impact of changing management after the acquisition on the company. Generally speaking, the stronger the management lineup of the company and the more refined the company, the more obvious the effect of implementing this strategy will be. Just like the literal meaning of the "Poison Pill Plan", if the acquirer takes a poison pill, even if it is successful, he will be poisoned. This time, the group launched the "Poison Pill Plan" and used all these methods and widely publicized it. The enemy is not a monolithic piece, so he has many concerns that he did not succeed.
After hearing about Wang Yiren and his team's implementation of the "Doomsday Bulley" plan after he was unconscious, Yang Xing was very pleased. Wang Yiren and his team did a very good job. Even if they were not there, they could still stand alone. The work of the executive board can be said to be very effective. It was never his personality that he was passively beaten. Those enemies were not expecting it. Seeing his woman die in his arms, the scars on his face and body were still ached faintly. If he could endure this tone, he would not be a man.
When he thought of the enemy taking advantage of his injury to attack the company that condensed his efforts, and Hong Danyang's completely white hair, he made up his mind to take revenge this time, and if he doesn't move, he will catch the enemy off guard as if he moves like thunder in the sky. He patiently wants to listen to Yu Aojun and others analyse who is involved in this assassination, and he will not let anyone go. As he expected, the protagonist was indeed the "International Column" that he had cheated out of billions of dollars in Las Vegas at the beginning of the year, but there was another new opponent, that is the American "Blue Team". (To be continued...)
Chapter completed!