On Qin An's side.
They chatted over lunch.
Noon passed just like that.
The market opened in the afternoon.
Half an hour after the market opened, the stock price of Arthur Commercial started to skyrocket. It had already risen to 2.1 yuan.
Everyone in the stock market noticed this. Just as many people were extremely excited and were ready to enter the market.
There was a piece of news on TvB about Arthur's business.
The press officer of Changshi Corporation announced, Changshi Group already held 35.5% of the shares of Arthas Commercial, so they launched a tender offer. The tender offer price was 3.5. The condition of this tender offer was to acquire more than 50% of the shares. The tender offer period lasted for one month.
When he saw this news, the corners of Qin An's mouth curled up slightly.
It was guaranteed!
He had thought that the stock price of Arthas Commercial would rise to 3.5% slowly, or that someone would maliciously hype it.
He did not expect it to be a tender offer.
Moreover, it was a tender offer from a Hong Kong stock giant like Changshi.
The so-called tender offer referred to the acquirer issuing an acquisition announcement to the acquired company. After the acquired company confirmed it, the acquisition could be carried out.
Simply put, if an investor initiated a tender offer to acquire a company, no one would stop it.
Then the acquisition would definitely be completed.
After hearing this news, everyone in the VIP room of the Nine Dragons Exchange looked at Qin An differently.
Qin An shrugged." We're lucky. Also, contact Changshi and sell our shares to them. It's safer to keep them."”
Hearing him say this.
The investors of the Hong Kong and Shanghai Bank were in turmoil.
Looking at the handsome young tycoon in front of him, he thought," Did this guy hear some secret information from somewhere? This was a blow to Li Sheng. This was really not simple!
After thinking about it, the investor of the Hong Kong and Shanghai Bank decided to give his own suggestion on account of the fact that he had been treated to lunch.
"Qin Sheng. I think we can wait a little longer. Since Li Sheng had made a tender offer to acquire this company, it meant that this company had great potential. There would definitely be other companies involved. It wouldn't be too late to buy it then. In any case, we have to make an appointment for a month."
The investor's judgment was not wrong.
If Li Bancheng made an offer and was optimistic about the company, there was a high chance that other capital tycoons would also be optimistic about it.
On this basis, it was not wrong to judge that other big shots might enter.
Unfortunately, this investor didn't have the ability to invest in bugs. He didn't know that the stock price of Arthurs Commercial would stop there.
"Help me sell my shares. Can I? Andrew?" Qin An said politely as he called out the trader's English name.
"Hungry…okay." The boss had decided to sell it, and he was just a trader. He didn't have anything to say.
Hence, it was successfully sold.
The 25 million yuan that Qin An had spent to pay the bill was 1.38 Hong Kong dollars per share. In total, he received 25 million 1.38, a total of 18.11 million shares, which accounted for 2.3% of the total share capital of Arthas Commercial.
The tender offer price for Changshi was 3.5 yuan per share, which was 3.5-1.38 yuan per share =2.12 yuan.
2.12 yuan multiplied by 18.11 million shares, the total profit was about 38.4 million Hong Kong dollars, plus the principal of 5 million.
He had 43.4 million Hong Kong dollars in his stock account at the moment.
Of course, the investment department was not a saint. They would help Qin An for nothing.
Moreover, Qin An had used a five-fold leverage, and Qingfeng had even provided him with financial support!
Since it wasn't for nothing, of course, he had to collect a commission!
Apart from the investment department of the Hong Kong and Shanghai Bank, the Nine Dragons Exchange also had to collect a portion of the money.
That was 2.5% commission, 1% stamp duty on stocks, 0.02% investor compensation levy, 0.05% trading fee from the China Security and Exchange, 0.05% from the Hong Kong stock exchange, 0.02% from the settlement company, and so on. In total, the Hong Kong stock trading fee was about 3.6%.
He had earned more than 38 million yuan from this stock trading. Both the Hong Kong and Shanghai branch and the Nine Dragons Exchange did not take any risks at all. In total, they had earned more than a million yuan from him.
As long as they traded stocks on the exchange, they would have to take this money. No one could escape!
Therefore, setting up a stock exchange was also a business. The stock exchange was like a company.
This was also the reason why there were four exchanges in Xiangjiang.
After all, the requirements for setting up an exchange were relatively low. It was guaranteed that there would be no losses, and there would be all kinds of conveniences. Using the stock exchange could also be used to exchange favors and benefits. With so many benefits, of course, everyone wanted to participate.
This was also because the government did not allow it. Otherwise, there would definitely be a fifth or sixth stock exchange.
Of course, in a few years, the Hong Kong government also knew that having multiple stock exchanges would be extremely disadvantageous to the stock market of Xiangjiang City. Therefore, they took the measure of integrating the four stock exchanges into one.
Without further ado, the stock market was closed and Qin An walked out of the Nine Dragons Exchange.
The treasurer and two finance staff who followed him out looked at him as if they were looking at a stock god.
Five million. After a day of trading, it became more than 43 million. Such an experience would be on the news anywhere, alright?
Looking at their gazes, Qin An smiled and said,"
"Don't look at me like that. It was all because Li Sheng gave him face. Without Li Sheng's tender offer, I wouldn't have made money so quickly. This money is just the tea money that Li Sheng, the Chinese tycoon, gave to a junior like me.”
"You can't say that, Boss.”The finance manager surnamed Lin said fawningly,
"The key to making money is to be able to predict in advance that Li Sheng of Changshi will initiate a tender offer. Not everyone has this ability. You're really a stock god.”
" Haha!" Qin An laughed and pointed at the treasurer and the two finance staff.
"The three of you will each receive thirty thousand Hong Kong dollars. In addition, he had to go back to the company to hand over the documents. I plan to open a financial investment company outside of the company. You guys come to the new company to help first."
Amidst the gratitude of his subordinates.
Qin An got into the BMW 7 Series and left without asking if he wanted to give them a ride.
If his subordinates didn't have a car, they would take a bus or take a taxi. Why would they need their boss to send them?
Do you want to quit?
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