Chapter 521 Internal strife

Time flies.

The once popular Shuxianglou gradually fell into silence, and the company's stock was ruthlessly abandoned by investors, eventually falling to around HK$3 and completely flat.

The company's scale is gradually shrinking. It sells a restaurant today and another one tomorrow. The hollowing out situation is very serious.

If this continues, it would not be surprising if the company is delisted one day.

Du Shaojie and others were happy to watch the fun, but there was one thing that was very strange: Shuxianglou itself was not in a hurry either.

Since all the opponents have been defeated, Bailian Catering does not need to put any more effort.

There have been all kinds of promotional activities during this period, especially the food festival, which has taken up a lot of everyone's energy and is quite tiring.

Du Shaojie doesn't plan to organize any more activities after the Food Festival. At least the employees should take a break, right?

"Boss Du, have you ever considered taking over the store that Shuxianglou sold?"

This morning.

Winnie went to Du Shaojie's office and talked to him about some work matters. After the business was done, she suddenly asked a question out of curiosity.

[Shuweixiang] gradually sells off the restaurants owned by listed companies. As they are still operating normally, they can be used right after they are taken over, which is more cost-effective than opening a new store by one.

[Xichuan Restaurant] Shouldn't we take this opportunity to expand actively?

"Don't just look at the surface. They are just playing a game of transferring money from one hand to the other. If you don't believe me, wait and see. These restaurants will eventually be owned by the Shuxianglou Group."

Du Shaojie smiled and shook his head. On the one hand, he had no desire to continue expanding, but on the other hand, he was also very clear that even if he wanted to take over, others would not do it.

After a little thought, Winnie figured out the ins and outs of this, and felt a little amused.

She didn't continue the topic and stood up to leave.

after a few days.

A media outlet published an article criticizing Shuxianglou for its inaction, saying that the other party was messing around with investors' hard-earned money.

In fact, what he said is true. A catering company with a century-old history loses its enterprising spirit when it encounters a little difficulty and lives by selling assets and collecting franchise fees. Isn't it shameful?
The article resonated with many people, and many accused Shuxianglou of being irresponsible.

Amid this wave of public opinion, the share price of Shuxianglou broke down again and even fell below the life-and-death line of HK$1 during trading.

At this point, even a fool would know that there is no way that [Shuxianglou] can be resurrected.

At this time, in a luxurious office building in Hong Kong, Li Zekai and Ma Puwei were sitting in a spacious office.

"Boss Li, the heat is almost ready, let's go in."

"Well, then let's proceed as planned."

After Li Zekai and Ma Puwei withdrew from the shareholder list of Shuxianglou, they began to actively support an Internet technology company.

The two of them control the company behind the scenes, and now the time is ripe for a backdoor listing.

The target is Shuxianglou Co., Ltd. Although the other party's development prospects are not good, the company's foundation is very clean and there are not so many messy things.

Previously, [Shuxianglou] cooperated well with the two people's departure, and now it is time for them to return the favor.

"Should we notify Yin Qiang?"

Before, the two of them and Yin Qiang were allies, but the last incident was over, and Ma Puwei was not sure whether Li Zekai was still willing to bring the other party to play together.

"Notify them. That guy has great influence in the mainland. There will always be a time when he will be useful in the future."

Li Zekai did not intend to abandon Yin Qiang. Ma Puwei nodded and thought that this was a good idea.

From the next day, big money began to quietly buy Shuxianglou's shares. However, their actions were very covert and did not attract much attention.

But no matter what, as long as you take action, there will be traces.

The securities department of [Dingxin International] monitored this abnormal situation and immediately reported it to Liang Meiqin and others.

Du Shaojie also learned the news.

"Let's have a meeting and discuss it."

Du Shaojie had always felt that there was something wrong with the way Shuxianglou operated. When he heard about this situation, he immediately had countless associations.

He called a meeting with Liang Meiqin, Winnie, Fan Shilun, and relevant personnel from the Securities Department, and finally came to the conclusion that either someone wanted to acquire Shuxianglou or someone wanted to go public through a backdoor listing.

"In short, we can't let them get their way. You guys prepare to enter the market, I'll contact the Qin Group to see if they're interested in being our joint actor."

Du Shaojie then met with Qin Mingcheng, but thinking it was not safe, he notified Pang Weidong, Xu Bo, Ye Weiming and others.

There will definitely be a fierce battle later, so it would be safer to have more allies.

"Boss Du, no need to say more, let's do it!"

Qin Mingcheng was very quick to act and immediately decided to follow Dingxin International into the market.

Later, Du Shaojie also received support from Pang Weidong and others. These people were not short of money, so they acted immediately and entered the market to start buying shares.

Li Zekai and others wanted to keep it a secret, so they did not buy much at the beginning, and the stock price fluctuated slightly. As a result, after Qin Group and Pang Weidong and others left, the stock price went back to above HK$1, and even showed a trend of rapid rise.

Now, Li Na and Mapuwei could no longer sit still and hurried to find Li Zekai.

"Mr. Li, this won't work. We have to increase our buying power."

Li Zekai's face was gloomy. He had just reached an agreement with Yin Qiang, and the other party's funds had not been transferred yet, but he found that someone had started to scramble for shares.

This would certainly increase the acquisition cost, but since so much work had already been done, he would never give up.

"Well, let's take full action then."

He also joined the army of people scrambling to buy shares, and the share price of Shuxianglou soared. At the close of the day, the share price closed at HK$1.57.

Two days later, its stock price rose again and firmly stood above the HK$2 mark.

The unusual stock price movement of [Shuxianglou] has attracted widespread attention. It is obviously a junk stock, but it has suddenly experienced a sharp upward trend. Many people are speculating about the mystery behind it.

Many investors who hold this stock have already given up hope, but faced with this sudden market situation, they don’t know what to do.

Some people sold out, some wanted to wait and see, and some wanted to take a gamble and started buying with the big funds.

It was very lively for a while.

A few days later.

[Shuxianglou] announced a temporary suspension of trading. A local technology company and its joint actors, as well as [Dingxin International] and its joint actors, simultaneously announced that their respective holdings of [Shuxianglou] shares reached or exceeded 5%.

This is equivalent to making the cards clear. Enemies often meet on a narrow road. Du Shaojie and Shuxianglou, Li Zekai and Ma Puwei collided again in the stock market.

"Du Shaojie's shadow is everywhere! However, we have set traps for him before. Now the situation has reversed and it is his turn to set traps for us."

In the conference room of Li Zekai's company, the chairman of Shuxianglou, Yin Qiang, Li Zekai, Ma Puwei and others gathered together.

The purpose of their being together was to discuss what to do next.

"What else can we do? We have already invested so many resources, we can't just give up like this. It's just money, we just have to keep pouring in."

Yin Qiang curled his lips. If you were to ask who among these people hated Du Shaojie the most, it would definitely be him.

If he was facing Du Shaojie alone, he would feel a little guilty. After all, he didn't gain any advantage in several fights.

So, he was the first one to jump out, wanting to pull everyone present along.

"Mr. Yin is right. We can't give up. Let's increase our investment."

Ma Puwei made the second statement, expressing his determination to fight the other party to the end.

Li Zekai nodded and agreed to continue to increase the force, but the prerequisite was that [Shuxianglou] had to make certain concessions.

"I hope to take over some of your shares. Of course, this requires waiting until all restrictions are lifted, which should be soon. How about the price of HK$3.5 per share?"

Li Zekai still didn't want to fight with Du Shaojie and both of them would suffer losses. If he could take over some shares from Shuxianglou, he would be invincible.

However, the red line of a tender offer cannot be crossed unless an exemption is obtained from the regulatory authorities.

"Mr. Li, you are being a bit disloyal. How much have I sacrificed so that you can leave? You also promised to compensate me, but this price is far from enough."

When the chairman of Shuxianglou heard this, he was so angry that his lungs almost exploded.

That’s not what you said at the beginning. Now that the other party’s acquisition plan has encountered difficulties, are you planning to make yourself the scapegoat?
He would never agree to that.

Li Zekai and his friends could no longer discuss the matter. Shuxianglou felt that Mr. Li Er was dishonest, and Mr. Li Er felt that Shuxianglou was greedy.

The meeting ended in a bad mood.

Du Shaojie and others didn't care about this. He and his associates continued to buy stocks, pushing the share price to around HK$2.5 to HK$3.

[Dingxin International] subsequently issued an announcement stating that the company's shareholding in [Shuxianglou] has exceeded 10%.

Li Zekai and others became anxious. They put aside their differences and increased their buying efforts.

When their shareholding in Shuxianglou reached 10%, the share price had exceeded HK$3 and closed at HK$3.29 that day.

Then, the stock of [Shuxianglou] entered a stage of unlimited and empty rise.

The reason is that all investors, big and small, realized that they were facing a large-scale acquisition, and that two institutions were competing for the shares.

Investors’ mindset has changed because their expectations have been raised again and again and they are reluctant to sell at the current price.

Next, the daily trading volume of this stock was very small, but the stock price easily broke through HK$6.

Following this trend, it won’t be long before the stock price reaches the HK$10 mark.

"The cost of acquisition will be too high if we continue to play this way. We have to change our strategy."

Li Zekai and others finally couldn't stand it anymore and decided to change the plan.

The chairman of [Shuxianglou] had a sad face. He didn't trust Li Zekai at all. If there was a chance, he would rather act alone. (End of this chapter)