"Everyone has some doubts about the board meeting being held early. This time, I'm not going to talk about this year's business situation, nor is it about the year-end shareholder bonus or employee bonus. It's about the rise of our Li Tinto Group's shares. "
Hearing Skinner's words, all the directors were confused. Of course, they all knew that the group's shares had risen. But what was wrong with that? It was a good thing.
After Skinner finished speaking, he observed every director. To his disappointment, everyone's expression seemed normal. There was nothing strange about it. Were these people able to maintain their composure, or did they not leak the company's secrets at all?
If it was the former, then it would be fine. They could always find a way to find out. If it was the latter, then it would be interesting.
"The shares of the three listed companies of the group are all rising, and the increase is not low. Don't you think this situation is a bit familiar?"
A director guessed, "Chairman, are you saying that BHP Billiton wants to forcefully acquire our company again? That's impossible. We don't have that many shares in circulation now. Didn't the company buy back a lot last time? Even if they buy it all, it won't help. "
Skinner looked at the director. "What if BHP Billiton sells all our shares again like the last time?"
If the shareholders who held a lot of shares suddenly sold the company's shares in a large amount, the share price might plummet. At this time, with leverage, they could make a profit.
But even if they were suspected of manipulating the market, weren't they afraid of being investigated? Although as long as they did the right thing and didn't want to make a profit, these situations could be covered up, but it was not untraceable.
"Chairman, I don't think BHP Billiton would dare to do this, right? If they really do this, we can just take the opportunity to sell some shares now and buy them back when they sell. BHP Billiton will still suffer. "
Skinner looked at the director who spoke and shook his head. "If we sell, then we will fall right into their trap. The shares circulating in the market now have little impact on the company. If we continue to sell, then the number of shares circulating in the market will exceed 50% again! "
"Chairman, we can also pull up the share price and make them pay more. Although BHP Billiton's turnover and profits this year are higher than ours, they don't have much cash, right? If they really start a takeover war with us, they won't be able to afford it. "The director said disapprovingly.
"Did you forget that we need to invest in the aluminum industry? If we start a acquisition war with them, then we will have to mobilize a lot of liquidity. Will our investment in the aluminum industry be enough? "
"We acquired the aluminum company in Canada to strengthen our position in the aluminum industry. If we don't have money to invest, we will become a burden."
"Also, we are discussing cooperation with Hua Xia Aluminum. Hua Xia Aluminum plans to invest about 20 billion USD to buy some of our convertible bonds. If our share prices suddenly fluctuate, then either we or Hua Xia Aluminum will suffer losses. Will this cooperation still be successful?"
"Director Zhao of Hua Xia Aluminum didn't come because of time constraints. He also has a vote on the board of directors, and he plays a vital role in our entry into the Hua Xia market. If Hua Xia Aluminum separates from us, our acquisition of Canadian Aluminum will be meaningless! "
Hearing Skinner's words, everyone felt a headache coming on. Who the hell is this? Why are they buying so many of our Rito Group's shares?
They thought about it and felt that although BHP Billiton was suspicious, it was not a big deal.
Even if BHP Billiton wanted to acquire Rito Group, the industry knew about it. However, the last forced acquisition failed, and they had already sold Rito Group's shares to recoup funds.
Could it be that they knew that Rito Group wanted to deepen their cooperation with Hua Xia Aluminum, so they chose this method to obstruct it?
But this method of obstruction was a little stupid. It was obviously hurting the enemy while hurting themselves.
Or other competitors in the industry, such as Alcoa or Vale?
No one knew who lit the first cigar, but after a while, everyone in the conference room was smoking. The cigar smoke was thick, and in less than five minutes, the conference room was filled with smoke.
The chairman's assistant knocked on the door and came in. "Chairman, Hua Xia's Director Zhao asked us to have a video conference. He wants to attend."
This request was reasonable, and Skinner could not refuse. He took the lead to extinguish his cigar and asked someone to ventilate the conference room. He also wanted to talk to Director Zhao. Did something happen to Hua Xia this time?
Director Zhao's video call was connected. He asked about the progress of the board meeting and then asked why Rito Group's shares suddenly rose. Was it because the company increased its holdings? Why did he not know about this?
If the share price rose, then the same amount of money could be used to obtain fewer shares, and the equity would naturally be lower.
Hua Xia Aluminum planned to increase its holdings in Rito Group to increase its control. After all, Hua Xia's demand for aluminum, iron, copper, and other minerals was increasing. If not for the financial difficulties, they would have wanted to acquire the entire Rito Group.
President Zhao felt that this was a conspiracy by Rito's board of directors to raise the share price. They wanted Hua Xia Aluminum to pay more or get fewer shares. As a director, he did not know about this, so he could ask for compensation according to the contract.
Skinner explained to Director Zhao for a long time that the company's funds were not touched. This year was ending soon, and the money in the company's account was to be distributed to the shareholders.
Also, the directors did not have so much money for such a large acquisition. It was definitely not done by them. They were also trying to find out who did it.
At this moment, a director hesitated and said, "Chairman, directors, a few days ago, Polar Bear Mining Group contacted us and expressed their intention to acquire our company. Do you all remember this?"
Everyone understood. That's right. Polar Bear Mining Group was one of the top companies in the mining industry. It was established by the world's richest man, Feng Yu, and the world's second richest man, Kirilenko.
It was said that they did not suffer any losses during the financial crisis this year. Instead, their fund company made a lot of money. It was normal for them to want to expand their mining industry.
But the last time, they said they would talk about it after the New Year. Could it be that the two of them could not wait and started to acquire their company's shares?
But if it was really them, they could have continued to talk. Skinner did not reject them immediately last time. Why were they buying up their shares in the stock market?
If it was not them, who else could it be?
…
You've already exceeded your reading limit for today. If you want to read more, please log in.
Login
Select text and click 'Report' to let us know about any bad translation.
