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Chapter 19 Privatization and Delisting

Tuesday, May 23, 1978.

This morning, Su Group issued a group announcement through the Xiangjiang Securities News.

The content of the announcement is nothing more than the fact that the Su Group is officially powered by 22-year-old Su Cheng, the former vice chairman of the group, Yang Zhao, Xie Long, Liu Fuhao and other shareholders officially withdrew from the stock and left office, and Ms. Zhang Li serves as the group's interim vice president.

Originally, this was just an ordinary announcement of a listed company, but because of this announcement, the share price of Su Group has plummeted again from the original calm.

The Xiangjiang Securities News has a very high status among shareholders, so basically, many announcements of listed companies choose to be made public in this newspaper.

Therefore, the vast majority of investors have also seen this announcement.

In itself, the Su Group's stock price fell for more than a week due to the death of the core character Su Tianhe.

Yang Zhao issued several Anmin announcements in a row, which made the investors regain their confidence.

Now there is so much bad news, how can this not panic for investors holding Su Group's shares!

All shareholders ran away, and even Yang Zhao, the vice chairman who had been issuing Anmin announcements, ran away. What does this prove that these bigwigs who hold a large number of stocks no longer believe in the Su Group.

The 22-year-old Su Cheng took office as chairman, which made everyone lack confidence in the Su Group.

Some people at the age of 22 are still in college. With such a young man, what is the future of the Su Group?

As for Ms. Zhang Li's appointment as interim vice president, it was ignored by everyone. Who is Zhang Li? Isn't it just a secretary? One secretary serves as vice president? This is even more promising!

Therefore, all the investors holding Su Group rushed to hang their stocks on the exchange, hoping to sell them as soon as possible to reduce their losses.

The trading team temporarily formed by Zhang Qizheng had already received the news in advance and began to secretly absorb the stocks of Su Group, which were less than half of the original price.

As for the high-priced stocks at the top, they naturally won’t absorb them.

At the close of the market, the person in charge of the trading team called Zhang Qizheng from the exchange: "Mr. Zhang, we have absorbed a total of 6.88% of the Su Group in one day today. And they are basically acquired at very low prices. There are still many Su Group stocks on the stock market, but because the price is relatively high, we will not collect them for the time being."

"It's very good. We will continue tomorrow. We must try our best to buy back all the stocks, but we cannot let the investors discover heresy." Zhang Qi instructed on the phone.

"Please rest assured, Mr. Zhang, we have rich trading experience and decided to finish this battle beautifully!" the person in charge said confidently.

Then, Zhang Qizheng called Sucheng again.

At this time, Su Cheng was looking at the company's information in the chairman's office of the Su Group, and next to him was Zhong Chuhong, who had just finished class.

At this time, Zhong Chuhong was behind Su Cheng, using her delicate hands to pinch Su Cheng's shoulders and rub her back.

Su Cheng couldn't help but snorted comfortably.

This damn rich life was so cool that he couldn't help but get addicted to it.

After receiving the phone call from Zhang Qizheng, Su Cheng was very satisfied.

On his side, he currently holds 90% of the shares of Su Group, and with the 6.88% of the shares acquired by Tianyuan Investment Management Company, which means that he has controlled 96.88% of the shares of Su Group today.

In this era, Xiangjiang listed companies have a clear regulation that if listed companies want to delist and turn into privatized companies, shareholders applying for delisting must have more than 75% of the equity and can start submitting corporate delisting applications.

As for the remaining stocks that have not been sold? Of course, it is impossible to be invalidated, but you cannot continue to enjoy the dividend benefits of the company. In other words, if the stocks you hold are not sold, it is equivalent to a piece of waste paper, and you still want to sell them? Then you can only find this company for them to recycle, and can only be recycled at the stock price before delisting.

So, in fact, Sucheng has been able to submit a delisting application to the exchange for a long time.

However, as a responsible person, Sucheng is more willing to buy back as much as possible, so as not to have any disputes in the future.

After all, some investors think that they are like this, wouldn’t it be a big loss? At that time, the organizer will cause trouble in the company, even if he is unreasonable, he will not let you have a good time.

Therefore, Su Cheng felt that it is better to have less than more things. If you can buy back everything, try to buy back everything.

On May 24, the trading team continued to secretly repurchase the shares of Su Group in the stock market.

Until the stock market closed in the afternoon, it acquired 2.52% of Su's Group's shares.

At this time, the Su Group stocks actually controlled by Su's family had reached 99.4%.

9.4% of this cost only less than 20 million Hong Kong dollars in Tianyuan Investment Management.

In other words, this time, Sucheng repurchased the stocks in the hands of these shareholders, and the unit price per share was lower than that of Yang Zhao and others.

Sucheng, who obtained the data, directly asked the trading team to continue to stop trading because there was no need.

"You have done a very good job, I am very satisfied with the rewards you deserve. I will ask Mr. Zhang to settle the salary for you next month." Su Cheng directly told the person in charge of the trading team.

Then, he directly found Zhang Li, the current interim vice president of Su Group.

"Sister Zhang, you go to the Xiangjiang Stock Exchange before you get off work. This is a company delisting application I made. Please submit it for me." Seeing Zhang Li coming over, Su Cheng took out the application and handed it to her, and then said.

"Is our group going to delist?" Zhang Li was very surprised.

The delisting of Sucheng has been going on in the dark, so it can be said that the executives of the entire Su Group do not know about this.

This chapter is not over, please click on the next page to continue reading!

It's no wonder Zhang Li was surprised.

"At present, I have acquired 9.4% of the stocks in the stock market through a trading company, so the equity of Su Group I have now reached 99.4%, and only 0.6% of the stocks circulating outside are left. In this case, there is no need to keep the name of listing." Su Cheng said a short story.

"I didn't expect that Director Su had such a courage and planned to privatize the group. It's really awesome for the younger generation. It seems that Director Su is very optimistic about the future Su Group!" Zhang Li sighed.

"I know it myself, so I will trouble Sister Zhang." Su Cheng smiled and said without saying much.

"This is what I should do." Zhang Li nodded and said.

"For the first time in the past two days, I'm busy, right?" Su Cheng asked.

"I feel that it's actually fine. This is also due to my long-term position as the secretary of the board of directors. I know all the affairs of the group clearly, and it's easier to handle everything." Speaking of this, Zhang Li showed a smile from the bottom of her heart.

In fact, Zhang Li still has enough ability to manage a group of hundreds of millions of dollars. After all, before that, she had been an executive of the Su Group for a full ten years.

But Su Cheng knew that if the Su Group wanted to continue to grow, it needed to have a leader with keen tentacles and far-sighted vision.

This is also why Sucheng wanted to find a capable manager to serve as the president of Su Group through headhunting!

He said in front of Su Tianhe's tombstone that since Tianyi brought the Su Group back to him, he would develop the Su Group well and build it into a giant group.
Chapter completed!
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