Chapter 414 412 [Who is not stealing someone else's property]

At 8 o'clock the next morning, Lu Yisong, general manager of Singapore's Chang Xin Company, held a press conference, in which he announced the acquisition of Haw Par International at S$4 per share. He also announced that Chang Xin Company's shareholding in Haw Par International had reached 27% and the acquisition was expected to end at 44%.

Due to the 17% difference, many Singaporean investors and companies were not very satisfied with the acquisition price and therefore adopted a wait-and-see attitude.

Immediately afterwards, the Huang Yaozu family announced the acquisition, offering a price of S$4.1 per share, which was only S$0.1 more than Cheung Kong Holdings, which was somewhat provocative.

In an interview with reporters, Huang Yaozu said that their Huang family is not afraid of challenges from anyone, especially from outsiders, and he is very confident that he can defeat the invading enemies and consolidate control over Tiger Balm International.

Li Wendi watched the interview program and couldn't help but reveal a sneer on his face. He was not like Qiu Debao who would launch an attack before being prepared.

In fact, even if Lin Dongmei's friend had not informed on him, Li Wendi would have relied on his strong financial resources to completely acquire the company, causing the Huang Yaozu family to suffer heavy losses in Tiger Balm International.

But now that he has such a handle, Li Wendi will of course choose an easier way.

On the afternoon of the third day, people from the Xiangjiang Changxin Group headquarters delivered the evidence, and the Singapore Changxin Company found some clues.

Li Wendi handed the evidence documents sent by Xiangjiang to Lu Yisong and said with a smile, "Please help me get that Huang Daheng out for a chat. It will not do us any good if we continue to fight."

At this time, after a day and a half of acquisition, Changxin Company's shareholding reached 30.2%, while Huang Yaozu's family's shareholding reached 33.1%, which was still 3 points higher than Changxin Company.

Although Changxin Company has been in Singapore for some time, its reputation is not as good as that of the Huang family. It is inevitable that it lags behind others. Fortunately, the lag is not too big.

"Yes!" Lu Yisong continued, "What if Huang Zuyao ignores this matter? Boss, Huang Zuyao is a bit stubborn and never admits defeat."

"So what do you think we should do?" Li Wendi asked with a smile.

"I think we should fight first to let Huang Zuyao know our strength, then it will be easier to negotiate." Lu Yisong suggested seriously.

Li Wendi thought for a moment and said, "You should first reveal some information to Huang Zuyao and see how he reacts. If there is no news tomorrow, then we can directly expose this matter and ask Citibank to help. The Singapore Securities Regulatory Department should not be a mere decoration, right?"

"Singapore's securities regulatory authorities are more stringent than Hong Kong's. Once the news spreads, United Overseas Bank will inevitably be investigated," said Lu Yisong.

"Prepare some funds, buy newspapers and magazines, and hype this matter up for me. Maybe I can even cause a bank run." Luo Qihong said with a sneer.

When people like Qiu Debao engage in acquisition wars, they only focus on the target company. But Li Wendi will not only focus on the target company, but also keep a close eye on the protagonists of the target company and try to bring them down completely.

"Boss, you are really awesome. If the plan goes well, Huang Yaozu will definitely protect United Overseas Bank, which is their foundation. The acquisition of Tiger Balm International is just icing on the cake for the Huang family." Lu Yisong flattered him.

"Don't be careless! We are just a dragon from another river. It is not easy to make the local snake lose." This is the second time that Li Wendi has presided over a cross-region acquisition battle. Unlike the first acquisition battle of the US Haifeng Bank, this one is probably much more dangerous.

"Yes! I will pass on the boss's intention." Lu Yisong said respectfully.

Not long after, Lu Yisong came back and said, "The Huang Zuyao family said they are unwilling to negotiate unless we withdraw from the acquisition battle and sell Tiger Balm International's shares to them."

"Then let's get started. No need to give them face. Just do it as big as possible. Tell the citizens of Singapore that our Changxin Company will definitely be better than their United Overseas Bank." Li Wendi had already guessed the result. On the morning of the fourth day, all major newspapers in Singapore reported that the Huang Zuyao family used their power to profit for the family and lent the Huang family 2.8 million US dollars. Moreover, these loans suffered heavy losses in the real estate market in Hong Kong. Now these loans may become bad debts.

Changxin Company bribed several economic experts to analyze and speculate whether United Overseas Bank might have other bad debts. Rumors spread and many people began to go to United Overseas Bank to withdraw their deposits. Suddenly, United Overseas Bank was under great pressure.

Although Huang Zuoyao came out to clarify personally, the public did not buy it because the evidence had already been published and the securities regulatory authorities were preparing to intervene in the United Overseas Bank incident to find out the truth of the matter.

At the same time, Li Wendi achieved good results. Many shareholders came to the Bank of Communications hired by Changxin Company to register to sell their shares of Tiger Balm International.

In just one afternoon, Changxin Company increased its holdings of Tiger Balm International's shares by 8.3%, and its shareholding has soared to 38.5%, making it the largest shareholder of Tiger Balm International.

At the instruction of Li Wendi, Lu Yisong held a press conference to announce Changxin Company's shareholding and that it was still short of 6% of shares for Changxin Company to complete the acquisition of Tiger Balm International.

At this time, Huang Yaozu chose to meet with Li Wendi to discuss something.

Li Wendi refused. At first, there was room for negotiation, but now there was no need for negotiation because Huang Yaozu's family was doomed to fail. They were trapped both internally and externally, so how could they negotiate with Li Wendi?

However, Mr. Huang Yaozu is a ruthless man. On the fifth day of the acquisition battle, he broke into Li Wendi's office.

"Mr. Li from Hong Kong is really arrogant. I can't even invite you." Huang Yaozu was leaning on a reflective black cane with a sneer on his face.

"Who are you?" Li Wendi pretended not to know him and asked with a smile.

"Mr. Li, guess who I am?" Huang Yaozu sat down by himself.

Lu Yisong whispered something in Li Wendi's ear, and Li Wendi smiled and said, "Mr. Huang is not an elder in my family. Can't I refuse someone's invitation? Singapore is also a civilized country, how come it doesn't even care about the most basic human rights?"

Huang Yaozu's face turned even darker. He thought Li Wendi would be more humble, but it turned out that he was not afraid at all.

"Mr. Huang, this is the office of Changxin Company. It is the property purchased by Changxin Company. You have probably violated the law by breaking in without permission. I remember that the laws in Singapore are very strict. This is enough to accuse you. If this gets out, will you still care about your face?" Li Wendi continued to speak coldly and sarcastically.

"Mr. Li, there's no need to say these useless words. Just tell me what it takes for me to stop," Huang Yaozu said frankly.

"The purpose of Changxin Company is very simple, to acquire Tiger Balm International Company," said Li Wendi.

Huang Yaozu gritted his teeth and said, "Hubao International Company is already named Huang, Mr. Li, please make other requests."

"It is still unknown whether Tiger Balm International is named Huang, but Changxin Company is already the largest shareholder of Tiger Balm International, and you are the second largest shareholder. I also heard that the Huang family's United Overseas Bank is in some trouble. I suggest that Mr. Huang should run United Overseas Bank first. Otherwise, he will lose sight of the big picture and lose his foundation, which is not a good thing." Li Wendi said with a smile.

Huang Yaozu was so angry that he was out of breath, and his son Huang Tianji next to him quickly helped him calm down.

"The founder of Tiger Balm International is Hu Wenhu, and his successor is Hu Qing, the nephew of Hu Wenhu. When did Tiger Balm International become the property of the Huang family? When did they change their surname? How did the Huang family take it over?" Li Wendi continued, without any mercy in his words.

(End of this chapter)