Chapter 510: Swallowing Harmony Record

Mai Lihao's proposed plan is currently the best plan; Shen Bi finally gritted his teeth and lent another 100 million yuan to Qi Dezun.

After receiving the money, Qi Dezun immediately launched the acquisition of Whampoa Dockyard.

The 100% premium acquisition let Yang Qing and the others breathe a sigh of relief.

Yang Qing had just acquired 39% when Harmony Record's side began.

A large volume of shares flooded toward Harmony Record.

A few days later, Qi Dezun felt something was wrong, because the money was being spent too quickly—two hundred million yuan gone in no time.

Where did all these circulating shares in Gangdao come from?

Just then, news also came from Yinglian.

Someone had already snapped up the shares in Yinglian ahead of time.

The shares of Harmony Record International were also snapped up at the same time.

Boom—

Qi Dezun felt the sky collapse.

If the shares were bought from Yinglian,

then everything here in Gangdao makes sense.

Moreover, seeing that someone had also taken Harmony Record International's shares, he understood Yang Qing's plan.

Sure enough, he had just received the news here.

From the Black Tortoise Investment Bank side, they then released an acquisition bid for Harmony Record International.

Harmony Record International's total market value is now only about 1.5 billion yuan, and that's only because the Whampoa Dockyard acquisition battle lifted Harmony Record.

The Black Tortoise Investment Bank subsequently released Harmony Record International's insolvent financial report.

Yang Qing could not bear to see Gangdao face another major crisis; to save Gangdao from peril, he began acquiring shares at a 30% premium.

Upon seeing Harmony Record's situation, shareholders knew it had become junk stock.

Yang Qing wanted to buy, so they hurried to sell.

Given Harmony Record's situation, only someone as wealthy and bold as Yang Qing could play it.

Qi Dezun was stunned, Mai Lihao was stunned, Shen Bi was stunned.

They had hardly any ammunition left.

Most importantly, there were the Black Tortoise Investment Bank's debt report and the 30% of shares that Qi Dezun had pledged to Da Song Bank.

Harmony Record now has no financing capability whatsoever.

Other banks, seeing Yang Qing's intent to acquire Harmony Record, rushed to persuade people to sell their Harmony Record shares to him.

Because everyone understands that with Harmony Record in Qi Dezun's hands, their debt will surely turn bad.

But if Yang Qing takes over, the bad debt can instantly become good—everyone reckons it clearly.

Cao Chaoren had been waiting for Qi Dezun to make a move.

As a result, Yang Qing's shareholdings kept growing, quickly exceeding 39%.

Yang Qing had already secured an absolute advantage.

Cao Chaoren knew that Qi Dezun's prolonged inaction meant he was about to concede.

He hurried to sell his own shares.

This pushed Yang Qing's shareholdings to the limit, approaching 50%.

Upon seeing this, Qi Dezun knew the situation was lost.

He simply conceded.

By now, Mai Lihao and Shen Bi dared not cause trouble any further.

Because they feared Yang Qing would directly liquidate Harmony Record into bankruptcy.

Harmony Record, deeply entrenched in every aspect of Gangdao, would, if it collapsed, be an outright earthquake for Gangdao.

And HSBC's debts would likely be blown away as well,

Upon seeing Yang Qing again, Qi Dezun actually breathed a sigh of relief.

The heavy burden of Harmony Record weighing on him was gone, and his mood could not be changed.

Congratulations, President Yang!

He extended a friendly hand.

Everything happened so fast that, even now, Qi Dezun still feels as if it were all a dream.

Yang Qing also politely grasped his hand.

President Qi, Harmony Record is a great enterprise, and you are a great entrepreneur—just born at the wrong time.

The Korean consortium's model is not wrong, Gangdao's uncrowned king is not wrong; the mistake lies in his encountering the oil crisis and the collapse of the US dollar.

The 1970s were the decade Yingjiang lost—and the world lost.

A great scheme, defeated by unfavorable timing.

Otherwise, the world's history would have to be rewritten.

Gangdao would have no four great families, only the Gangdao Emperor Qi Dezun.

Now everywhere people are cursing Qi Dezun as a waste.

Yet Yang Qing gave him such a high evaluation, making him feel the urge to meet a kindred spirit.

However, Yang Qing never spelled out Qi Dezun's ambition, because everyone knows it's best not to meddle in such a scheme before it succeeds.

President Yang, compared to you, what am I?

Yang Qing patted his shoulder.

Harmony Record will remember you.

Qi Dezun said, moved.

"Thank you."

Then, he stated his purpose.

"General Manager Yang, that portion of Da Song Bank's shares, I know I can no longer provide them, I hope the company gives me a reasonable price."

"Also, I currently hold 6% of Harmony shares, and I hope to retain them."

Yang Qing nodded.

"No problem."

"Rest assured, I will not privatize Harmony."

"Harmony's listed company status will not change."

Qi Dezun did not understand.

"But if you add the portion of shares held by Great Song Bank, your holdings already exceed the privatization threshold."

Yang Qing smiled.

"That portion of shares belongs to Great Song Bank, what does it have to do with me?"

Qi Dezun widened his eyes.

"You can still play like this?"

Yang Qing smiled faintly and said nothing more.

This is normal procedure.

Soon, Yang Qing completed the handover of Harmony.

Qi Dezun, holding 200 million cash, left Harmony.

Harmony passed into Yang Qing's hands, and Whampoa Shipyard naturally became Yang Qing's private property.

Yang Qing quickly spun Whampoa Shipyard off from Harmony.

Through the spin-off of Whampoa Shipyard, Harmony received a cash inflow of 500 million.

Yang Qing did not engage in any financial games; he still followed the original premium acquisition.

Of course, Yang Qing did not acquire it in his own name; he used the shells of Great Song Bank.

In this way, he would not touch the privatization process.

Harmony now had a large cash flow; although still insolvent, it also gained the confidence to survive.

Until Yang Qing, with the personnel of his group office, had gone through Harmony once more.

Gangdao talent truly believed that Yang Qing had acquired Harmony,

the Chinese businessmen were extremely resentful.

The other two foreign firms, however, were trembling.

Yang Qing got a very nasty look.

The foreign firms' natural deterrent was kicked away by Yang Qing.

Especially Harmony and Hui Defeng.

Because of their internationalization strategy, they kept drawing blood from Gangdao.

Add this economic crisis.

They are actually very hollow inside.

Although Harmony hasn't fought the milk war, its actual situation hasn't improved much.

Before they relied on the fact that no one dared to touch them.

So they were unrestrained, but now the docile sheep have become hungry wolves.

Suddenly they became surrounded on all sides.

Only Tai Gu foreign firm has no such worry.

Because they almost never go public, they mess around on their own territory.

Although buying aircraft almost killed them, their foundation is solid and their defenses strong.

Mai Lihao and HSBC, seeing this, quickly pressed each Chinese businessman.

"Be honest, don't forget, you are the ones we raised."

"Don't forget, your lifeline is in HSBC's hands."

"Don't forget, you still have to go through Hong Fu to acquire land."

"Don't forget, we Yinglian people are not easy to provoke."

The admonition and intimidation temporarily held back the restless crowd.