Chapter 743 Disgusting You
Hong Kong is in full swing, and the United States is fighting at night.
"Gentlemen, we will end all this as soon as possible," said Mr. Luther, Chairman of the SFC, set the tone of tonight's meeting.
From a broad perspective, the stock market needs to be stabilized as soon as possible; from a small perspective, Blue Star Network must be discussed before the opening in the morning. Otherwise, if anyone sets up obstacles, then the US government and the China Securities Regulatory Commission will be quite pleased. This... is really not a threat!
In addition to Luther, Assistant Minister of Finance Ferran, government lawyers and their assistants, there were also assistants such as Jing Jian, Kent, Jim, Smith, Wang Lie and Chen Bo, two other Chinese family representatives, Wang An Computer's current chairman Miller, as well as Wang Lie and Wang An Computer's lawyer assistants, Microsoft's representative Allen and his lawyer assistants, Cowell and his lawyer assistants, and finally Yasuhiro Hirata's representative. Almost all shareholders of Blue Star Network were all here.
Seeing that everyone else was silent, Cowell coughed a few times: "Ahem, then I'll say a few words."
Today, Cowell has another identity, and he will act as a lubricant in negotiations. To be honest, Luther, Ferran and others have a headache, because except Cowell, they are all up-and-comers, and they are likely not to give face to the old guys on Wall Street and the White House.
Amid the typing of the two stenographers, Kewell said: "At present, it seems that it is necessary to sell some of the shares of Blue Star. I personally think that a 5% share is more appropriate, which can stabilize the stock price of the crazy rise without panic plunge. You can issue an announcement first, and then the 5% stock will be released gradually when the market reaction is reflected."
Everyone nodded, and had no objection to this. At this time, the stock issuance is already the voice of everyone, even Wang Lie is the same. He is probably stupid enough to continue to acquire at the current stock price.
"What about the shareholding ratio?" A Chinese representative asked impatiently. He had already looked happy and had been suffering from a crazy torrent of another day. They had been looking forward to this moment.
"Let's divide it according to the shareholding ratio of us." Neither Kuwell nor Luther were willing to get involved in this issue, so he proposed a fairer plan, and no one suffered losses and had equal benefits. Moreover, when he was talking alone, Jing Jian did not speak out and did not seem to object.
The people in the room communicated with each other for a few words and were ready to agree to the plan. But at this moment, someone suddenly shouted: "I object, the shareholders who voted for George at the shareholders' meeting are not qualified, otherwise they would be suspected of manipulating the stock price."
Everyone was stunned and found that it was Jing Jian's lawyer Smith, who was opposed, and immediately became overwhelmed. Unexpectedly, Jing Jian suddenly stumbling on the first question.
Cowell immediately asked anxiously: "Bramble, what do you mean?" Why did he change his mind just after getting Hong Kong Meifu Bank?
Jing Jian lit the cigarette slowly: "Haha, the United States is a legal society, and we all have to act according to the law."
When Jing Jianyi reminded him, everyone immediately remembered the relevant legal terms. Those difficult-to-mouthed legal terms will not be described in detail. Simply put, when a major shareholder issued an acquisition announcement, he prohibited the reverse operation and selling of stocks. Otherwise, it would be illegally manipulating the stock price and damaging the interests of other shareholders.
Give an example: If a major shareholder is preparing to sell stocks, would he issue announcements every day saying that he wants to increase his holdings? Then he raises the stock price and then flees? Let other investors become buyers? This is obviously an illegal act!
Of course, this is a general situation, but today is a special situation. Logically speaking, if Jing Jian and others finally reach an agreement and sign the "Memorandum", it would be equivalent to the government acquiesced to this special case. But unexpectedly, Jing Jian did not agree with such a special case.
Cowell was smiling bitterly. He found that he had smiled bitterly enough today. Unexpectedly, Jing Jian was still disgusting people like him. Jing Jian could escape with a high price, and let Wang Lie and himself watch the piles of banknotes slip away from their eyes.
Finally someone couldn't help it. A Chinese family representative suddenly stood up: "Why can you sell us but we can't sell us? Aren't you still buying stocks?"
Jing Jian hummed disdainfully: "Which ear did you hear that I was going to buy stocks? Deafness is not wrong, it is wrong for you to give up treatment! Do you want to introduce you to a doctor?"
When everyone heard this, they recalled Jing Jian's actions. He only accepted an interview through Jim from beginning to end, and only said "Iceberg is not just the ones on sea level!" Just a metaphor, it was incompatible with the acquisition announcement. Even if it was very far-fetched, Jing Jian's lawyer team could easily explain: "We mean that Iceberg Network is very powerful. What's the matter with the acquisition of Lanxing.com? As for your misunderstanding? What does it matter with me?"
"Fuck!" Many people suddenly realized that Jing Jian had been deliberately ambushing here before, and it turned out that he was used here.
By the way, for this reason, Jing Jian’s behavior of buying low and selling futures boards at high levels is completely legal.
But the representative was still very dissatisfied: "I don't want to compete with you. Anyway, we have less than 5% of them, so there is no need for an announcement at all, and we have never issued an announcement. By law, there is freedom of buying and selling."
Jing Jian said "It doesn't matter, just think that the authorization letter to Mr. Wang does not exist? Anyway, I will report the case at that time. Let's see how the court will judge it? Chairman Luther, will your CSRC be stingy with the one-third of the bonus, right?"
In order to encourage the exposing of insider trading, the US Securities Regulatory Commission not only keeps the identity of the whistleblower confidential, but also gives one-third of the confiscation and fines as a reward. Especially in US securities lawsuits, the guilty is never absent from the British and American law, but the guilty is always executed. That is to say, if you think you are guilty first, you have to come up with evidence to prove your innocence. So in such a case of going against the edge, Wang Lie and the others promise to lose nine out of ten.
By this time, Luther and Ferran both smiled bitterly. They could acquiesce today, but they would never take the initiative to support such an exception. If they really go to court, would Luther and Ferran suppress all their political lives?
The two discussed briefly for a few words and decided to say: "In this way, the announcement was signed by the joint authorization, but the shareholders who supported George King were not allowed to sell. However, Bramble, your total limit shall not exceed 5%. If it exceeds it, it will require additional approval from the China Securities Regulatory Commission."
Chapter completed!