Chapter 1244: Mitsui Securities panicked
Put on a full show!
In addition to acting aggressively in private acquisitions, Jiuding Securities Co. no longer restrained itself in the stock market, and joined the scramble for shares with great fanfare, with each purchase order hung more fiercely than the last.
Mitsui Securities Co. could not have wished for Jiuding Securities Co. to do so.
Even when Jiuding Securities voluntarily disclosed its shareholding percentage, which was not far from the 33.4% line, it did not suspect Jiuding Securities' motives.
So the competition in the stock market was fierce, like oil being heated in a fire.
2215.5 yen per share.
...
2349.8 yen per share.
...
2484.2 yen per share.
...
Without the restrictions of the trading limit system, Suntory's stock price is running wild like a runaway horse.
Investors who hold Suntory's stock or have bought related funds are completely immersed in this carnival.
But no one has noticed the crisis that has been brewing behind the blossoming flowers.
Even Xia Yu has already ordered people to use a number of offshore registered investment companies as shells to bet against Suntory's stock.
Because this was a short-term upward trend, in order to make the counterparty more willing to bet against the trend, the companies set the bet period to one month, which seemed to the counterparty to be a very low risk.
After all, given the current situation, the battle between the three parties would not be over in a month.
Therefore, some investment institutions with a high risk tolerance agreed to the bet and lent out the stocks they held.
The price of the borrowed stocks was generally between 2,300 and 2,500 yen per share.
In just one day, 19.74 million shares were borrowed, accounting for 4.7% of the company's total share capital.
All the borrowed shares were held in hand and not sold to outsiders.
...
The Torii family's financial offensive was very effective.
It didn't cost the estimated 44.7 billion yen, but only 43.8 billion yen, to buy all the shares held by the three small shareholders.
The total shareholding of the Torii family also reached 33.4%!
within the Torii family.
Everyone gathered together, and the council chamber was filled with laughter.
Keizo Torii, who was sitting at the head, had a long-time gloomy old face that was like a blooming chrysanthemum.
With a shareholding ratio of 33.4%, the Torii family was invincible in terms of shareholding.
And now their family is the largest shareholder.
In his opinion, as long as Jiuding Securities and Mitsui Securities are wise, they will either give up and withdraw, or choose to make peace with the Torii family.
After all, the Torii family controls all the important positions in Suntory, and even if they acquire 33.4% of the shares, they will not be able to control the company's personnel. Even if they compete, it will only cause the company to fall into turmoil. I believe that financial companies that only care about profits will not be so unwise!
"Uncle, since we already have a sufficient amount of shares, I suggest disclosing it as soon as possible, so that Jiuding Securities and Mitsui Securities will give up.'
'Otherwise, if we drag our feet, and if one of them, especially Jiuding Securities, really increases their shareholding to 33.4%, their mentality will definitely change, and that will be bad for us, and there will be unknown risks.'
After being pleased, Torii Shinichiro proposed to Torii Keizo.
As soon as these words were spoken, the council chamber fell silent.
After thinking about it, everyone present agreed with Torii Shinichiro's point of view.
'Shinichiro is right to be worried. Family head, I think we should disclose the shareholding ratio as soon as possible.'
'I support that too.'
Torii Keizo nodded in agreement. He had thought of the same thing as everyone else. 'As you all suggest, we will disclose the shareholding ratio tomorrow.'
'However, once we disclose it, we must then hand over the 50.4 million shares we acquired as collateral to Wells Fargo, as agreed in the contract.'
Although no one liked this last sentence, there was no objection. After all, they were just following the contract. They had taken so much money from Wells Fargo, so they had to follow the contract.
After all, the shares were only temporarily frozen, and the ownership rights were still in their hands.
...
Early the next morning, the Torii Family Fund disclosed its shareholding ratio to the stock exchange, and then Torii Keizo held a press conference, at which he declared the Torii family's long-standing control over Suntory. At the end, he called out, without naming anyone, to thank everyone for recognising Suntory and welcomed all capable friends to work together to make Suntory bigger and stronger.
Keizo Torii's posture was one of confidence and composure.
And because the Torii family was the first to increase their shareholding to 33.4%, Suntory's stock price was also affected, and the stock price continued to fluctuate for about ten minutes, before continuing to rise again, although the rate of increase had slowed.
The big dealer behind the scenes had also changed from two parties to one, with Jiuding Securities Company withdrawing completely, leaving only Mitsui Securities Company still doing its best to drive up the stock price.
Mitsui Securities.
After listening to his subordinate's report, Haneda Yohei immediately made a decision to take the initiative and sell his shares to Kyuden Securities.
He could guess the purpose of the Torii family's initiative to disclose their shares, which was to scare off his party and Kyuden Securities.
He could not guarantee that Kyuden Securities would be scared off either.
Therefore, this was the last chance for his party to withdraw.
Unfortunately, the stock price of Suntory only rose to 2,762 yen per share.
In total, they acquired 82.68 million shares, spending a total of 136.07 billion yen, with an average price of around 1,646 yen per share.
Even if they sold at that price, they would only make a profit of just over 1,000 yen.
Their original plan was to push the price of Suntory's shares to over 3,000 yen.
So they were still quite a way off from their planned profit.
A difference of 200 yen per share means that they can still make a profit of 16.5 billion yen, which is already a lot, even with so many shares.
However, the exact amount of profit they can make depends on how the negotiations with Jiuding Securities go.
After all, there has to be a premium for the acquisition, especially for a controlling stake like theirs.
Haneda Yohei's thoughts were beautiful, but the harsh reality slapped him in the face.
Facing the offer from Mitsui Securities, the president of Kyudai Securities, Matsumoto Yu, still participated in the negotiations in good faith, but the price offered was insulting to the people at Mitsui Securities.
1,000 yen per share!
Kyudai Securities was only willing to offer this price to acquire all the shares of Mitsui Securities.
Moreover, Matsumoto Yu was very firm in his attitude: at this price, Mitsui Securities could either sell or not!
The negotiation team of Mitsui Securities had prepared a plan, and the first offer was 3,500 yen per share. However, this price was never even announced, as it was blocked by Matsumoto Yu.
The difference between 1,000 yen and 3,500 yen is too great. After multiplying it by 86.28 million shares, the difference is 206.7 billion yen, which is more than 900 million US dollars after conversion at the exchange rate.
With such a big difference, how is it possible to negotiate?
The negotiation team from Mitsui Securities Company left in a huff, taking this news with them to Haneda Yohei.
'Pop!'
'Hagah!'
'How dare Matsumoto Yu do this!'
After angrily smashing a cup, Haneda Yohei stood up, his hair standing on end and his eyes full of anger.
But beneath this torrential anger, there was panic and unease.
Matsumoto Yu was acting abnormally.
Could it be that Jiuding Securities Company had given up, or...
If it was the former, he wasn't worried.
But when the second possibility popped into his mind, Hada Yangping couldn't help but break out in a cold sweat...