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Rebirth capital madman - Chapter 1145

Published at 20th of December 2022 05:31:09 AM


Chapter 1145

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In the process of waiting for information, the development of Bailida further reflects the challenge to the existing mechanism of the Hong Kong securities industry.

After the extraordinary general meeting of Bailida passed the resolution to acquire the major shareholder New Zealand Securities, it will move more real money, and as the leader of the minority shareholders who oppose this acquisition - the shareholding ratio is 10% The Liz Investment Company at 5.5 did not surrender, so there was a decisive battle at the general shareholders' meeting of Bailida.

The reason why Liz Investment Company is so persevering is that, on the surface, it is because there is an arithmetic problem at the special shareholders' meeting of Bailida, which is intriguing.

It is true that the extraordinary general meeting of Bailida passed the resolution to acquire New Zealand Securities, the major shareholder of Bailida, with a support rate of 61%. However, the shareholders who participated in this extraordinary general meeting of Bailida were approximately The 80th, converted to the caliber of all shareholders, is about 48% of the support rate, minus the 34% of the voting rights of the major shareholder New Zealand Securities, how much is left? About fourteen percent!

According to Liz Investment Company, 31% of the minority shareholders who objected to the acquisition of New Zealand Securities, the major shareholder, by Bailida.

The strategy of Liz Investment Company is to win the support of shareholders and drive out four directors who have interests in New Zealand securities through the general meeting of shareholders of Bailida, including executive directors Fan Liandeng, Jia Peide and others, and even won the board of directors of Bailida. Chairman Van Peter.

Bailida has made such a big acquisition, and the Hong Kong Stock Exchange must be suspended according to the regulations. In response to the insubordination of Bailida's board of directors, Ma Shiheng, president of the Hong Kong Stock Exchange, publicly stated that since the Hong Kong Stock Exchange New Zealand Securities was acquired by Bailida. From father to son, New Zealand Securities has no voting rights at the general meeting of shareholders of Bailida. If it refuses to obey, Bailida will suspend trading indefinitely.

Therefore, in this general meeting of Bailida shareholders, it is hard to say who will die. It is a veritable battle. The board of directors of Bailida and Lisi Investment Company have tried their best to win the support of minority shareholders.

The Australian ghost guy on the board of Bailida is indeed a ghost, and released a killer move, instructing a New Zealand-based Bailida shareholder to sue in the New Zealand court and apply for an injunction, prohibiting the inclusion of Xiangji Bank agent, Huilida Five agents, including the agent of Hong Kong Bank, the agent of Hengsheng Bank, and the agent of Youlian Bank, voted on the shares of Bailida held by the five agents. The reason is that the five agents did not disclose the total of % The ultimate beneficiary of 4.7 Bailida shares.

Since the lawsuit was used, it is natural to be sure that the New Zealand court gave a decisive ruling, prohibiting the voting of the Bailida shares held by these five proxies.

The Hong Kong media immediately talked about it. This move of the Board of Directors of Bailida can be regarded as stable, accurate and ruthless. The shares of Bailida held by these five agents are likely to support Lisi Investment Company, and it was abandoned like this. When it was gone, Liz Investment Company gave 4.7% support to its mouth, and it was gone all of a sudden.

Liz Investment Co., Ltd. was not stunned, and immediately launched a counterattack. The Australian ghosts on the board of Bailida will use the court's trick, and we will too. Don't forget, Bailida is registered in Bermuda, and immediately appeals to Bermuda's highest authority. The court applied for an injunction to stop the general shareholders' meeting of Bailida, which had been prevailed by the Australian ghosts of the Bailida board of directors, to be held as scheduled, and to rule on the voting rights of the Bailida shares held by five proxies.

The Bermuda Supreme Court did not disappoint Liz Investment Company, and issued a ruling prohibiting the holding of the general meeting of shareholders of Bailida as scheduled, and determined that the shares of Bailida held by five proxies had voting rights.

Now the situation is deadlocked. Who will Xiangjiang listen to in the rulings of the two courts?

Bailida is registered in Bermuda, listed first in Hong Kong and second in New Zealand. This style will only increase in Hong Kong, which is an international financial center. Numerous remaining issues.

The elites in the regulatory agencies, securities industry, media observation, theoretical and academic circles of Heung Kong can be described as numb. Such a complicated situation has never been encountered before, and no case reference can be found.

One thing to say, the Hong Kong government under the control of the ghosts is not doing nothing. The financial secretary of the Hong Kong government still sent people to New Zealand and Bermuda on business trips to communicate with each other. Bright drops, as long as the energy can afford it!

The physical distance between New Zealand, Bermuda, and Hong Kong is self-evident. The money cost, time cost, etc. of traveling back and forth is a bit prohibitive.

But this situation is obviously beneficial to the Australian ghosts on the board of Bailida. After all, they have basically completed the transaction of selling New Zealand securities to Bailida.

However, it is the minority shareholders of the Hong Kong stock market who have lost their interests, and the Hong Kong securities industry who has lost their authority.

The Hong Kong media has paid a lot of attention to the issue of the sacrifice of the interests of minority shareholders. The reason is actually quite simple. In the past, everyone was satisfied with one bite. But now, it is not only satisfied with filling their stomachs. problem.

If a Hong Kong listed company like Bailida registered overseas in Hong Kong can't handle it like this, who can stand it?

This is the time to test wisdom, it must be solved on the spot, and it must not be a bad example for other listed companies in Heungkong!

Hong Kong Securities Regulatory Commission, don't talk about it, the thunder is heavy and the rain is small, what about your actions?

Damn you, the Hong Kong stock market is so developed that it claims to be in the top six in the world. Why are the regulatory agencies and laws so backward?

The spokesperson of the Hong Kong Monetary Authority quickly responded and explained. To be precise, there is no Hong Kong Securities Regulatory Commission, but only a temporary Hong Kong Securities Regulatory Commission. The main work is preparation. The Legislative Council has not passed the Hong Kong Securities Regulatory Commission. Jazz can only wait...

As for Sir Gao's family, hurry up and urge the Legislative Council.

In order to promote the establishment of the APEC, Sir Gao is on a business trip to Southeast Asia. He believes that once the APEC is formed, a framework including laws can be reached to help resolve the regulatory issues of international companies involved in multiple markets. .

...

Sir Gao, who has been talked about by countless people, is preparing to return to Hong Kong from Southeast Asia. First, the progress is in line with expectations, and the work goal is almost completed. Second, there are many people in Hong Kong who are urging him to go back to clean up the mess, either overtly or secretly. Lida's deadlock is embarrassing.

When outside, Gao Xian has been paying attention to Xiangjiang's dynamics, including the argument that now is the time to test wisdom.

To be honest, Gao Xian has nothing to do with the deadlock of Bailida. If Lao Tzu has the trump card and energy like Midi, he will directly rule over it with a long arm.

So, Sir Gao couldn't help but complain about the rhetoric when testing his wisdom, who's it? Do you have any!





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