Chapter 301: Acquisition Begins

"I have already contacted HSBC and several brokerages that hold shares of Prosperous Real Estate," Lu Bin Sun added.

"Because of the recent stock market crash, they also have financial pressure. As long as the price is right, I think they will definitely be willing to sell their shares of Prosperous Real Estate."

"I haven't contacted some small shareholders, but I also sent people to investigate, and their financial situation is not good either."

"If we make a premium offer, the likelihood of them selling their shares is high."

Ou Yong'en also said: "I have already prepared the disclosure documents and the acquisition documents for launching a full takeover offer; as soon as the offer price is confirmed, I can submit the application to the Hong Kong Exchange at any time."

Chen Mo nodded: "Great! Taotao, we can start tomorrow."

We've been preparing for over a month; not saying everything is ready, but there are hardly any oversights.

Then let's do it!

Acquiring a listed real estate company, Chen Mo has essentially stepped from behind the scenes into the spotlight.

By then, he will no longer be a big fat sheep with tens of billions in cash, but a genuine owner of a real estate company.

According to Chen Mo's plan, after fully acquiring Prosperous Real Estate, Prosperous Real Estate will be delisted due to excessive share concentration.

However, that's fine; after preparing and relisting, the share price will actually be higher.

The next day at 9:30, Chen Mo and the others arrived punctually at the Central Hong Kong Exchange.

Because we had given advance notice, the Hong Kong Exchange had already prepared a dedicated trading room for them.

Through the floor-to-ceiling glass window of the trading room, Chen Mo could clearly see the trading hall below.

Dozens of traders in red vests had already begun working busily.

On the hall's screen, red numbers kept rolling, and Prosperous Real Estate's trading information occasionally flashed across.

At the morning market 9:58, the call auction pricing ended.

At 10:00, the bell signaling the official opening of trading sounded.

Chen Mo began giving orders.

"Taotao, start absorbing shares. Today we don't need to hide; let the manipulators get a mental heads-up."

"Ou Lawyer, once our shareholding reaches 25%, you can submit the announcement to the Hong Kong Exchange.

We don't need to wait for the mandatory trigger of a full takeover offer."

"Understood!" "Understood!"

Chen Taotao called the trader: "Prosperous Real Estate's stock, below three dollars, I want it all!"

Downstairs, a trader in a red vest looked up at Chen Mo's trading room and made eye contact with Chen Taotao behind the glass.

After confirming eye contact with Chen Taotao, the trader ran to the front, crossing out all sell orders for Prosperous Real Estate below three dollars on the blackboard ahead.

"Prosperous Real Estate, below three dollars, I want it all!"

"What?"

"You want it all?"

"Who is it?"

One stone stirs up a thousand waves.

The big player has arrived!

That's how the era of manual trading is.

A large-scale operation makes it hard to stay hidden, but easy to show off.

Three dollars is already the recent high point of Prosperous Real Estate's stock price.

Seeing someone willing to buy a large amount of stock at this price, many people immediately began to cash out and leave.

"Prosperous Real Estate, three dollars, 50 lots for sale—want it?" a trader shouted while running to the blackboard and writing.

"Want it!" the just-written sell order was crossed out.

"Prosperous Real Estate, three dollars, 200 lots for sale—want it?" another line was written.

"Swept!" it was crossed out again.

"Prosperous Real Estate, three dollars, 100 lots for sale." "Want it!"

Prosperous Real Estate, Wang Baiwan's office.

"Chairman, the Hong Kong Exchange side has large funds buying our shares."

Wang Baiwan looked up at the assistant: "Have you found out where the funds are from?"

"Not yet! I've looked at our company's stock trading volume over the past period; someone must be secretly absorbing our shares.

The other side came today with great momentum; they might have ill intentions."

"Go check it out right away!"

As a self-made billionaire, Wang Baiwan has keen perceptiveness.

The assistant's brief report made him feel that things might not be so simple, and a sense of danger quickly welled up in his heart.

Wang Baiwan's brows furrowed deeper and deeper, then he picked up the phone and called his wife: "Zhu Di, come to my office quickly; something might go wrong!"

Hong Kong Exchange, trading room.

"Mo Ge, we've absorbed another 2% of shares, but the stock price has risen somewhat high now. Moreover, the manipulators over there are competing with us for shares!"

Chen Mo looked at the screen in front of the terminal; Prosperous Real Estate's stock price had risen to three dollars and one.

"Then let him compete; as long as it doesn't exceed three dollars and three, we'll keep absorbing—I'll see how much money he has to compete with me."

Chen Mo had anticipated this in his mind. Although launching a full takeover offer might require a premium of about 20%, as long as the purchase price does not exceed four dollars, he will profit.

As for Prosperous Real Estate, after investigation by Ou Yong'en and Lu Bin Sun, their funds are not very abundant.

Even if we let them compete for shares, how much could they possibly grab?

"Prosperous Real Estate, three dollars and twelve cents, 20 lots—want it?" "Want it!"

"Prosperous Real Estate, three dollars and thirteen cents, 800 lots—want it?" "Want it!"

"Prosperous Real Estate, 3.2, 600 lots, want it or not?" "Want!"

Chen Taotao suddenly turned his head to look at Chen Mo: "Mo Ge, a few speculative funds have entered the market and are competing with us for shares. Now the stock price of Prosperous Real Estate is rising a bit too fast."

At this speed, before it reaches 3.3, we're afraid we won't be able to grab enough shares.

Chen Mo gave a cold chuckle: "Then we'll grab slowly, leaving the battlefield to them and the operator."

These speculative funds are like hyenas; wherever there's a smell of meat, they'll go over and take a bite.

Now Chen Mo and the operator are competing for shares, and Prosperous Real Estate's stock price keeps rising, with many looking to take advantage.

But they wanted to hitch a ride on Chen Mo's coattails, not realizing that getting on is easy, getting off is hard.

Without Chen Taotao grabbing shares, Wang Baiwan and the speculative funds' speed of grabbing shares increased greatly.

Many of the shares held by retail investors who had left the market were snatched up by both sides.

But after grabbing for a while, they felt something was off.

How did absorbing shares become so easy?

Then, their speed of absorbing shares unconsciously began to slow down.

Chen Mo curled his lips into a smile, "Want to stop? Did you ask me?"

"Taotao, keep absorbing shares; wait until the operator and those speculative funds start moving before stopping."

As a financial expert, Chen Taotao immediately understood Chen Mo's idea.

"Mo Ge, you're so wicked!"

Chen Taotao immediately issued an order to continue absorbing shares.

A few minutes later, Wang Baiwan and the speculative funds started moving again.

As soon as they moved, Chen Taotao stopped.

Over the next few hours, Chen Taotao repeatedly performed this operation, firmly provoking Wang Baiwan and the speculative funds to compete for shares, pushing Prosperous Real Estate's stock price up to 3.7.

That day, Prosperous Real Estate became the focus of the Hong Kong Stock Exchange.

In the more than a month after the stock market crash, Prosperous Real Estate was the only stock with a single-day gain exceeding 20%.

But the matter isn't over yet; the market hasn't even closed!

"Taotao, slowly release the shares we grabbed today as well, and recover the funds."

"Okay!" Chen Taotao nodded with a smile.

He had long understood what Chen Mo intended to do.

By the afternoon close, Chen Taotao dumped all the shares he had grabbed today.

The purchase price of his shares was basically below 3.3, while he sold them around 3.6.

He reaped a substantial profit!