Chapter 769 - 292: Acquiring 15%+5% Equity of Penguin Technology

Chapter 769: Chapter 292: Acquiring 15%+5% Equity of Penguin Technology

"Since we are going to cooperate to acquire the shares of Penguin Technology, shouldn’t we all get to know each other a little?"

...

Yang Chen picked up his laptop and used the camera to take a shot of the car’s interior, saying, "See that? I really do drive for a ride-hailing service, and here’s my delivery outfit. I have no need to lie to you."

Everyone looked shocked. He actually was a guy driving for a ride-hailing service and delivering food!

Then where did he get so much money to purchase a 16% stake in Hai City Bank?

Gu Ming quickly said, "This is easy to understand, some people are just low-key. Mr. Yang even wants to gobble up that 15% stake by himself."

Everyone laughed.

"Haha... how could that be possible? To acquire the entire 15% stake, you’d need 300 billion. If Mr. Yang had that kind of money, his total assets would have to be at least 500 billion, right? How come we don’t see his name on the rich list?"

"Mr. Yang, are you the representative of some financial group?"

"I think that’s possible. Some people indeed can’t afford to be in the spotlight, so they have an ordinary, low-profile representative to act on their behalf. This is quite common."

"Mr. Yang, could you introduce the financial group behind you to us?"

"That’s right! We’re all out to make money. One more friend means one more opportunity."

...

Yang Chen smiled and said, "Since Gu Xing brought it up, I’ll tell everyone. As for the 15% stake released by South Africa Press, I’m definitely going to gobble it all up. Besides that, I’ll pick up some shares in the secondary market, aiming to snag about 20% of Penguin Technology’s stock. So, I’m sorry to say, you won’t have the chance to bid on that 15% stake from South Africa Press. This way, it saves everyone the trouble of fretting over the difference."

Gu Ming: "Mr. Yang, don’t joke with us! We’ve all pretty much prepared, you’re not really going to take it all yourself, right?"

Yang Chen: "You guys are too slow at doing things. I’m a person who likes to keep things simple. I don’t want to share with others, sorry everyone, but I want it all."

The other partners still didn’t believe that Yang Chen could buy the 300 billion worth of shares all by himself.

"Haha... Mr. Yang, don’t scare us! I’m a very timid person, you scared me to death, you have to take responsibility for that."

"I don’t believe anyone would invest 300 billion on their own to buy these shares. Even if a consortium could afford it, the shareholders would never put down such a large sum for these shares."

"Exactly, this completely violates investment principles. Dropping 300 billion cash, you’d have to lock in for at least three years without selling, and during that time, the stock price could go up or down. What consortium would do something that foolish? Investing this 300 billion in any other industry, the return over three years would be at least 30%, right? That return is a sure thing, isn’t it better than uncertain stock prices?"

"Haha... Mr. Yang, stop trying to scare us, we know a little about investment theory."

"Haha..."

At that moment, Gu Ming suddenly said, "Wait! Look at the stock of Penguin Technology, someone is really buying, the stock price has already risen by 3 points!"

Everyone quickly opened their trading software to check Penguin Technology’s stock.

Sure enough, someone was really buying, with large orders of ten thousand shares attacking aggressively. At that moment, the stock price had already risen by 5 points.

This should be the system acquiring in the secondary market, helping Yang Chen get an additional 5% stake, combined with the 15% released by South Africa Press, making it a total of 20% of the stock awarded to Yang Chen.

Yang Chen smiled and said, "You all take your time watching. I still have to drive my car to pick up passengers."

After speaking, Yang Chen exited the meeting.

Those who were just mocking Yang Chen for being unable to come up with 300 billion to acquire that 15% stake were all stunned.

"He’s serious!"

"No way! How does he have so much money?"

"It seems like the buying has stopped! I calculated the number of large orders, it accounts for roughly 5% of the total shares."

"He just said he planned to acquire some in the secondary market, then get that 15% stake from South Africa Press, aiming for 20% of the stock. He actually meant what he said!"

"Gu Xing, who exactly is he? How does he have so much money?"

"He must be the representative of some consortium. Gu Xing, check out which consortium he represents!"

...

Gu Ming: "I’ve checked, and there’s no information linking him to any consortium. I’m going to call over at South Africa Press to ask about the situation."

With that, Gu Ming called over to South Africa Press.

As a result, they informed that the 15% stake has indeed been sold at a 30% premium, and the buyer requested to keep their identity confidential until subsequent disclosure according to the regulatory requirements.

So even when Gu Ming asked, they didn’t tell him the identity of the buyer.

After hanging up the phone, Gu Ming said heavily, "Everyone, they said that 15% stake was indeed bought at a 30% premium by someone. The other party requested the information to be kept confidential for now, and will disclose it voluntarily following regulatory requirements later."

"Ah!" everyone exclaimed in unison.

What investment theory, what consortium, what rich list, it all means nothing here with Yang Chen.

These investment moguls were internally shocked, even doubting if they truly understood the wealthy circles of Dragon Country and the principles of investment.

Otherwise, why was Yang Chen completely beyond their understanding?