《黑武士》- 《新世代》商戰故事 (外傳) - Ch-05

《黑武士》Ch-05

266Please respect copyright.ＰＥＮＡＮＡHc8EeSdqdU

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「咁你又可以點呀?…」天澤說。

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266Please respect copyright.ＰＥＮＡＮＡTVzCo19tEn

「點處理?…」徐天澤的保鏢說。

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266Please respect copyright.ＰＥＮＡＮＡWh8UwpUeVh

「算啦…」天澤說。

266Please respect copyright.ＰＥＮＡＮＡTS0uVNH2Hr

「搵人送佢離開」

266Please respect copyright.ＰＥＮＡＮＡKdCuZMCovL

「唔好喐手喐腳，對佢好啲」

266Please respect copyright.ＰＥＮＡＮＡANRtn7IiDs

「始終佢係我好朋友」

266Please respect copyright.ＰＥＮＡＮＡpJMjnWqzoD

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266Please respect copyright.ＰＥＮＡＮＡuY86L3iibt

「邊個同你係朋友?…」吕易激動地說。

266Please respect copyright.ＰＥＮＡＮＡvn52m21MjU

吕易不斷在地上掙扎。

266Please respect copyright.ＰＥＮＡＮＡ2ZgA0jo78I

「扮曬蟹…」

266Please respect copyright.ＰＥＮＡＮＡ5xcrfCfhsp

吕易不斷在地上掙扎。

266Please respect copyright.ＰＥＮＡＮＡQmDHoZqcLz

「食屎啦你!…」

266Please respect copyright.ＰＥＮＡＮＡtTNrSbOISU

吕易不斷在地上掙扎。

266Please respect copyright.ＰＥＮＡＮＡGivByzmTLS

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266Please respect copyright.ＰＥＮＡＮＡGSFDrP3Ej6

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266Please respect copyright.ＰＥＮＡＮＡ51HwWoPUoT

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266Please respect copyright.ＰＥＮＡＮＡK27oFIlUht

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266Please respect copyright.ＰＥＮＡＮＡcbhuhmaBGp

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266Please respect copyright.ＰＥＮＡＮＡTmtRprk2QR

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266Please respect copyright.ＰＥＮＡＮＡKanH3Lwd9T

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266Please respect copyright.ＰＥＮＡＮＡ9D480ptER2

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266Please respect copyright.ＰＥＮＡＮＡoxGDPPR6Wy

吕易被趕走。

266Please respect copyright.ＰＥＮＡＮＡjnjTCOMarp

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266Please respect copyright.ＰＥＮＡＮＡovJ3tDtJYe

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266Please respect copyright.ＰＥＮＡＮＡgN8b0dwiJE

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點解?

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點解?

266Please respect copyright.ＰＥＮＡＮＡnDOxeSNYX2

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266Please respect copyright.ＰＥＮＡＮＡO333NtSrGV

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266Please respect copyright.ＰＥＮＡＮＡoscl7dMbdC

啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊啊!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

266Please respect copyright.ＰＥＮＡＮＡyEy6RcgcsN

吕易十分激動。

266Please respect copyright.ＰＥＮＡＮＡxxoxcykmpS

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266Please respect copyright.ＰＥＮＡＮＡNsUthYoN7f

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266Please respect copyright.ＰＥＮＡＮＡIBmjVOzGqU

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從那天起，

266Please respect copyright.ＰＥＮＡＮＡ4Cx3SFtdFG

吕易沒有再相信別人。

266Please respect copyright.ＰＥＮＡＮＡrfVyXAvBdS

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266Please respect copyright.ＰＥＮＡＮＡztDfTy6JqC

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266Please respect copyright.ＰＥＮＡＮＡVkGPsV97is

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266Please respect copyright.ＰＥＮＡＮＡugO4I3cYFP

從那天起，

266Please respect copyright.ＰＥＮＡＮＡ0t8JzfVirJ

吕易作出了改變。

266Please respect copyright.ＰＥＮＡＮＡasPsNIkD2o

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266Please respect copyright.ＰＥＮＡＮＡTwOqs1ealg

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266Please respect copyright.ＰＥＮＡＮＡLbFbOOVkXX

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吕易通了一個電話。

266Please respect copyright.ＰＥＮＡＮＡx5qepLaM8g

「……」

266Please respect copyright.ＰＥＮＡＮＡI2b9FtDSqG

「我加入斯坦利基金（Stanley Capital）」吕易說。

266Please respect copyright.ＰＥＮＡＮＡrPQD1sE6OI

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266Please respect copyright.ＰＥＮＡＮＡ1pShW7SobL

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266Please respect copyright.ＰＥＮＡＮＡlnbJbSdyLf

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266Please respect copyright.ＰＥＮＡＮＡxLOO4HabZX

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266Please respect copyright.ＰＥＮＡＮＡK8qXidrwtN

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266Please respect copyright.ＰＥＮＡＮＡKBUaIyh9x8

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266Please respect copyright.ＰＥＮＡＮＡLLFtejGUSS

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266Please respect copyright.ＰＥＮＡＮＡ2L3DYHG8r0

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266Please respect copyright.ＰＥＮＡＮＡ2CR8K9184N

在斯坦利基金（Stanley Capital）的辦公室。

266Please respect copyright.ＰＥＮＡＮＡ4UA7Lf9izu

Spade（♤）正在與吕易對話。

266Please respect copyright.ＰＥＮＡＮＡ9ti5enBbpl

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266Please respect copyright.ＰＥＮＡＮＡ0xsPNUaxUF

「……」Spade（♤）交代詳情。

266Please respect copyright.ＰＥＮＡＮＡY8S6RYS1Pl

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266Please respect copyright.ＰＥＮＡＮＡmTPCF8DDXa

「好…」吕易說。

266Please respect copyright.ＰＥＮＡＮＡBskS8jvx7r

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266Please respect copyright.ＰＥＮＡＮＡfjKKGeYWUL

「我哋彼此之間只會用代號稱呼對方……」Spade（♤）說。

266Please respect copyright.ＰＥＮＡＮＡ4rT36iW3xI

「由今日開始，你就係Diamond（♢）……」

266Please respect copyright.ＰＥＮＡＮＡd1w5ei39OO

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266Please respect copyright.ＰＥＮＡＮＡC80ejRYzEk

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266Please respect copyright.ＰＥＮＡＮＡ22w0DWRDx4

「我係咪可以報仇?…」Diamond（♢）說。

266Please respect copyright.ＰＥＮＡＮＡWc1aVwNUKn

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266Please respect copyright.ＰＥＮＡＮＡlBJqNxHQJP

「你先要完成三個委託……」Spade（♤）說。

266Please respect copyright.ＰＥＮＡＮＡ2DCP2VMG1l

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266Please respect copyright.ＰＥＮＡＮＡF7MqjrH25i

「好，冇問題…」Diamond（♢）說。

266Please respect copyright.ＰＥＮＡＮＡngtYhSWWQE

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266Please respect copyright.ＰＥＮＡＮＡRxjS1vOcJp

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266Please respect copyright.ＰＥＮＡＮＡW0BN6Tj2ja

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266Please respect copyright.ＰＥＮＡＮＡvj9XQgCi9t

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三個月後，

266Please respect copyright.ＰＥＮＡＮＡO9beSGxs5K

Diamond（♢）幫助了多元化工業巨頭通過一次現金加股票交易以大約2,300億元收購飛機零部件製造商，包括飛機零部件製造商700億元的債務在內，交易價值約3,000億元。

266Please respect copyright.ＰＥＮＡＮＡ2rGEcvhgn2

成為航空業史上規模最大的一筆交易。

266Please respect copyright.ＰＥＮＡＮＡzsBD61bEkD

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266Please respect copyright.ＰＥＮＡＮＡQHvl3zRnmL

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266Please respect copyright.ＰＥＮＡＮＡFcwW5IxU12

再三個月後，

266Please respect copyright.ＰＥＮＡＮＡAgCgcEWhiw

Diamond（♢）幫助了鏡片製造商與眼鏡架製造商合併。該交易將締造一家市值約為4,630億元(約合4,900億元)的眼鏡行業巨頭。

266Please respect copyright.ＰＥＮＡＮＡyDKpah2U5q

合併後的公司將在證券交易所上市。兩大眼鏡巨頭強強聯手，將能夠通過更好的整合鏡片和鏡架的上下游供應鏈，來應對眼鏡行業的發展變化。

266Please respect copyright.ＰＥＮＡＮＡd7Z3t2D3Uq

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再三個月後，

266Please respect copyright.ＰＥＮＡＮＡc4KdUmIoUc

Diamond（♢）幫助了電信公司達成以8,540億元收購娛樂巨頭公司的協議。包括娛樂巨頭公司的淨負債在內，該交易總價值大約為10,870億元。

266Please respect copyright.ＰＥＮＡＮＡGffsoDKbws

電信公司將通過該交易與旗下資產涵蓋了娛樂巨頭公司以及有線電視網絡的公司合為一體，從一家電信公司變身為一家媒體巨頭。

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吕易從此成為商界著名的黑武士，Diamond（♢），

266Please respect copyright.ＰＥＮＡＮＡrUOBqKSCtP

利用斯坦利基金（Stanley Capital）的優勢，玩弄財技，

266Please respect copyright.ＰＥＮＡＮＡfSfnyLlLKx

向商業機構進行惡意收購，

266Please respect copyright.ＰＥＮＡＮＡJg9GXd9bdD

以入侵者的姿態達到目的，

266Please respect copyright.ＰＥＮＡＮＡ6ZAcEAmwKW

毫不留情的攻擊對手，

266Please respect copyright.ＰＥＮＡＮＡGXXBeKG80D

不惜犧牲和出賣別人利益。

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另一方面，

266Please respect copyright.ＰＥＮＡＮＡOC4XKlJfNE

天澤化工成為化工行業龍的頭企業。

266Please respect copyright.ＰＥＮＡＮＡqq9EoB1XJK

天澤化工針對高科技關鍵原料進行生產，

266Please respect copyright.ＰＥＮＡＮＡHZ91Pfc4OB

成為高科技業不可或缺的供應商。

266Please respect copyright.ＰＥＮＡＮＡ8XDktLTDSg

天澤化工能夠擁有目前的地位，原因包括:

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徐天澤的精準投資 ;

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進軍全球市場的野心 ;

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賄賂官員、新政黨 (借助政治力量) ;

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賄賂地下勢力 ;

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以及遇到同行競爭者，

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鬥唔贏就直接收購。

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天澤化工的辦公室，徐天澤與高層對話。

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「近期有個黑武士……」某個高層說。

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「而家滿城風雨……」

266Please respect copyright.ＰＥＮＡＮＡyWwjrd8Kv0

「……」

266Please respect copyright.ＰＥＮＡＮＡ2uSDoVIbYa

「咁又點」天澤說。

266Please respect copyright.ＰＥＮＡＮＡogsT1rMiS8

「關我咩事?」

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「……」

266Please respect copyright.ＰＥＮＡＮＡWSaZiksSaT

「我查過……」某個高層說。

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「佢好似就係吕易……」

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「吕易加入咗斯坦利基金（Stanley Capital）……」

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「……」

266Please respect copyright.ＰＥＮＡＮＡHZYUB5Dv30

「吕易…」天澤感慨地說。

266Please respect copyright.ＰＥＮＡＮＡss4AtNln8n

「又係你…」

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「好地地搞間餐廳唔好咩」

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「……」

266Please respect copyright.ＰＥＮＡＮＡatPLQWdJoL

「我諗佢有機會搵我哋復仇…」某個高層說。

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「……」

266Please respect copyright.ＰＥＮＡＮＡFeO3jxZ8Bo

「佢加入得斯坦利基金（Stanley Capital）」天澤說。

266Please respect copyright.ＰＥＮＡＮＡdL9Qgijmzc

「就係想復仇」

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「……」

266Please respect copyright.ＰＥＮＡＮＡy1QKF7TNfB

「咁我哋點算?…」某個高層說。

266Please respect copyright.ＰＥＮＡＮＡFOU8HfhBlm

「斯坦利基金（Stanley Capital）發展迅速……」

266Please respect copyright.ＰＥＮＡＮＡ4hFsonNCqS

「背後又係斯坦利集團……」

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「……」

266Please respect copyright.ＰＥＮＡＮＡcAfjYT8Qkv

「既然佢遲早會復仇……」天澤說。

266Please respect copyright.ＰＥＮＡＮＡA8b3j6DbId

「我哋就主動出擊……」

266Please respect copyright.ＰＥＮＡＮＡIF3poiKTq0

「食咗斯坦利集團」

266Please respect copyright.ＰＥＮＡＮＡNYO6Pw4eMS

「……」

266Please respect copyright.ＰＥＮＡＮＡ6qCZA7dSVu

「食咗斯坦利集團?…」某個高層驚訝地說。

266Please respect copyright.ＰＥＮＡＮＡlW3iZDeBRH

「……」

266Please respect copyright.ＰＥＮＡＮＡSnzR7uAcnI

「我自有方法」天澤說。

266Please respect copyright.ＰＥＮＡＮＡ61I6djwmhf

「……」

266Please respect copyright.ＰＥＮＡＮＡWjt0zwY1eD

「……」

266Please respect copyright.ＰＥＮＡＮＡIvtrzzyc8V

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266Please respect copyright.ＰＥＮＡＮＡhiGXX4A32R

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266Please respect copyright.ＰＥＮＡＮＡ3BG2cp8XX3

在斯坦利基金（Stanley Capital）的辦公室。

266Please respect copyright.ＰＥＮＡＮＡEYO1J9pkk8

Spade（♤）正在與Diamond（♢）對話。

266Please respect copyright.ＰＥＮＡＮＡ0eIPhprbed

「……」

266Please respect copyright.ＰＥＮＡＮＡsw94n0TU4K

「你一直都表現得好好」Spade（♤）說。

266Please respect copyright.ＰＥＮＡＮＡIbn8AmygXi

「你而家可以去復仇……」

266Please respect copyright.ＰＥＮＡＮＡcEUZXAdT1F

「我哋會全力配合你……」

266Please respect copyright.ＰＥＮＡＮＡEgGZc1B9cL

「……」

266Please respect copyright.ＰＥＮＡＮＡqLZvFK6mon

「好」Diamond（♢）說。

266Please respect copyright.ＰＥＮＡＮＡZHKOJVr4B1

「……」

266Please respect copyright.ＰＥＮＡＮＡjQiaXAP5FJ

「Diamond（♢）」Club（♧）說。

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「不如交畀我」

266Please respect copyright.ＰＥＮＡＮＡ8ce2xCyGg2

「……」

266Please respect copyright.ＰＥＮＡＮＡSly0gjEE65

「唔使」Diamond（♢）說。

266Please respect copyright.ＰＥＮＡＮＡjxTywDNAtU

「呢個係我同佢之間嘅對決……」

266Please respect copyright.ＰＥＮＡＮＡg62ONiHyRm

「我同佢嘅恩恩怨怨……」

266Please respect copyright.ＰＥＮＡＮＡac7RhGyYs7

「係時候做個了斷」

266Please respect copyright.ＰＥＮＡＮＡds2Vf22XR4

「……」

266Please respect copyright.ＰＥＮＡＮＡjaYjzeZrIL

「Diamond（♢）BB~」Heart（♡）說。

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「咁你有咩打算?…」

266Please respect copyright.ＰＥＮＡＮＡ73LjVm2uXi

「……」

266Please respect copyright.ＰＥＮＡＮＡILmhj5riz6

「……」Diamond（♢）說。

266Please respect copyright.ＰＥＮＡＮＡUTLbNwNcIF

「……」

266Please respect copyright.ＰＥＮＡＮＡtdf6JI1Gb6

「……」

266Please respect copyright.ＰＥＮＡＮＡNAUKGyfQUY

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266Please respect copyright.ＰＥＮＡＮＡPYDfpXqAEy

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266Please respect copyright.ＰＥＮＡＮＡWlYvz1Y3as

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266Please respect copyright.ＰＥＮＡＮＡJC5IIxa8XI

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266Please respect copyright.ＰＥＮＡＮＡHEnYg6gHwf

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266Please respect copyright.ＰＥＮＡＮＡ6FNgCuYq4J

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266Please respect copyright.ＰＥＮＡＮＡpI82W5nEZO

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266Please respect copyright.ＰＥＮＡＮＡQ5RFrU1dAx

徐天澤通了一度電話。

266Please respect copyright.ＰＥＮＡＮＡld6UjDrQAK

「……」

266Please respect copyright.ＰＥＮＡＮＡcP8zGqFMfP

「真係要打?……」天澤說。

266Please respect copyright.ＰＥＮＡＮＡvRFXUtQRdt

「……」

266Please respect copyright.ＰＥＮＡＮＡX9k22Ry7eX

「係…」吕易說。

266Please respect copyright.ＰＥＮＡＮＡ5HzXyCFgPg

「……」

266Please respect copyright.ＰＥＮＡＮＡKe2POOrr4p

「吕易」天澤說。

266Please respect copyright.ＰＥＮＡＮＡdxEllTfIqZ

「不如我食餐飯?……」

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「……」

266Please respect copyright.ＰＥＮＡＮＡ5p9vPZJ2nD

「做咩?…」吕易說。

266Please respect copyright.ＰＥＮＡＮＡCrk0lvzSWV

「又想偷拍我? …」

266Please respect copyright.ＰＥＮＡＮＡM7Y5Z7hPXg

「定你想殺咗我?…」

266Please respect copyright.ＰＥＮＡＮＡbYK1CNH8T9

「……」

266Please respect copyright.ＰＥＮＡＮＡrCW5KWSkAN

「唔係…」天澤說。

266Please respect copyright.ＰＥＮＡＮＡFUDyNpGjwb

「我有啲嘢同你講……」

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「……」

266Please respect copyright.ＰＥＮＡＮＡzNap0sL1Q8

「我哋冇嘢好傾……」吕易說。

266Please respect copyright.ＰＥＮＡＮＡKHZS0eDnw8

「……」

266Please respect copyright.ＰＥＮＡＮＡ7zZv9H7ZCZ

吕易掛斷了電話。

266Please respect copyright.ＰＥＮＡＮＡB5gfxUjBzc

……

266Please respect copyright.ＰＥＮＡＮＡRrWO0Fj6J9

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266Please respect copyright.ＰＥＮＡＮＡjpwXWHyRYu

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266Please respect copyright.ＰＥＮＡＮＡaIUSqWOlIo

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266Please respect copyright.ＰＥＮＡＮＡpS6Jg6AEXd

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266Please respect copyright.ＰＥＮＡＮＡu5IVXfOVnC

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266Please respect copyright.ＰＥＮＡＮＡA4xpownked

天澤化工正式對外公佈要收購斯坦利集團!

266Please respect copyright.ＰＥＮＡＮＡPFciW3RHjF

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266Please respect copyright.ＰＥＮＡＮＡOlcN2X2dSQ

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266Please respect copyright.ＰＥＮＡＮＡ5ApXertQEi

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266Please respect copyright.ＰＥＮＡＮＡiY6c55LNdV

天澤化工的收購公佈未造成市場上跟風買股、搭車賺錢，

266Please respect copyright.ＰＥＮＡＮＡRlD1GF8KrS

反倒招致大規模的反向做空，

266Please respect copyright.ＰＥＮＡＮＡnYA3CLPWqx

從而造成了一場針對斯坦利集團股價的多空對做。

266Please respect copyright.ＰＥＮＡＮＡmys2GadLvT

……

266Please respect copyright.ＰＥＮＡＮＡGavLWqRpmj

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266Please respect copyright.ＰＥＮＡＮＡB8Wfh3YlCY

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266Please respect copyright.ＰＥＮＡＮＡMM2ncUrSrg

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266Please respect copyright.ＰＥＮＡＮＡFVqMuIKrgr

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266Please respect copyright.ＰＥＮＡＮＡWDn22LlwFw

各大對沖基金為此而做空斯坦利集團，那也是公開進行、毫不遮掩的，因為幾乎沒人認為收購斯坦利集團這事兒能夠干成。

266Please respect copyright.ＰＥＮＡＮＡXPNeqxlfAx

舉凡收購之事，不成功便成仁，要麼不做，要做就做得徹徹底底。

266Please respect copyright.ＰＥＮＡＮＡ1D7K8ojuYc

否則一旦破局，被收購的公司股價必定爆跌，只要事先做空便可大發利市。

266Please respect copyright.ＰＥＮＡＮＡ4GneOyer5Q

*所以，凡是存在著不利傳言的收購，通常都會引發一波做空。

266Please respect copyright.ＰＥＮＡＮＡtd13hwUJcG

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266Please respect copyright.ＰＥＮＡＮＡ3Omko5c6Vx

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266Please respect copyright.ＰＥＮＡＮＡoZ2tUxZD5X

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266Please respect copyright.ＰＥＮＡＮＡZhEgTZ6Gbp

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266Please respect copyright.ＰＥＮＡＮＡs0pr0UkR8z

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266Please respect copyright.ＰＥＮＡＮＡld70QiOI0T

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266Please respect copyright.ＰＥＮＡＮＡWudCvB4DFO

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266Please respect copyright.ＰＥＮＡＮＡfjBepx5zHA

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266Please respect copyright.ＰＥＮＡＮＡX6H6iBM9mF

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266Please respect copyright.ＰＥＮＡＮＡ6NOeRDhnzZ

可是，具體到天澤化工收購斯坦利集團這件事，

266Please respect copyright.ＰＥＮＡＮＡPq3ok3mdou

究竟為什麼大家如此有志一同，非要認定它就搞不成呢？

266Please respect copyright.ＰＥＮＡＮＡtdGno5kbXy

……

266Please respect copyright.ＰＥＮＡＮＡN25dwdOXBM

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266Please respect copyright.ＰＥＮＡＮＡGikRb0TULw

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266Please respect copyright.ＰＥＮＡＮＡNYGJMx4878

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266Please respect copyright.ＰＥＮＡＮＡwdUpbCMx7H

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266Please respect copyright.ＰＥＮＡＮＡ7rHf3CTec8

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266Please respect copyright.ＰＥＮＡＮＡ1muR5JJcoW

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266Please respect copyright.ＰＥＮＡＮＡxMCR4Jz6jr

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266Please respect copyright.ＰＥＮＡＮＡubhdNItG4l

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266Please respect copyright.ＰＥＮＡＮＡy27BkzPlm8

這還得從當地的一部特殊的法律《斯坦利法》(Stanley Law) 說起。

266Please respect copyright.ＰＥＮＡＮＡzUP7pXS0x4

斯坦利集團是家族企業，同時也是上市公司。

266Please respect copyright.ＰＥＮＡＮＡQkUuKHWnyw

但斯坦利集團還有一個特殊之處：由於戰爭時期斯坦利集團曾被政府徵用，因而產生了官方股份。戰後，為了防止斯坦利集團被外國公司併購，當地政府專門為斯坦利集團量身定製了一部《斯坦利法》。

266Please respect copyright.ＰＥＮＡＮＡSTUMS28FBY

這部法律與當地的《公司法》有所不同，當地《公司法》規定，只要對一家公司持股達到75%，就算取得了該公司的控制權。

266Please respect copyright.ＰＥＮＡＮＡCVi5xfeR2c

但《斯坦利法》卻規定，持有斯坦利集團股份在20%以下時，按實際持股比例計算投票權，當持股比例超過20%時，無論超過多少，其投票權最高也只限於20%。

266Please respect copyright.ＰＥＮＡＮＡwEkz6HM2e7

換句話說，要想取得斯坦利集團的控制權，就必須持股80%以上。為什麼要這麼規定呢？因為斯坦利集團的官股比例剛好是20.1%，也就是說，只要官股不釋出，就是所有的民股全歸你一家，你也控制不了斯坦利集團。

266Please respect copyright.ＰＥＮＡＮＡTnIOnYjSzp

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266Please respect copyright.ＰＥＮＡＮＡREbXlNyFdj

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266Please respect copyright.ＰＥＮＡＮＡL5flHgD1XQ

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266Please respect copyright.ＰＥＮＡＮＡzLPvdCHrqx

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266Please respect copyright.ＰＥＮＡＮＡWHBQaGMmXi

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266Please respect copyright.ＰＥＮＡＮＡMwKevM38T7

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266Please respect copyright.ＰＥＮＡＮＡZJ7WSl8RBr

於是，《斯坦利法》便成為天澤化工收購斯坦利集團的最大障礙，因為毫無官方會釋出股份的跡象。

266Please respect copyright.ＰＥＮＡＮＡfy3EIPDZh8

那20.1%的官股現在由斯坦利集團所在地的政府持有，實際上是歸當地全體納稅人所有。從法律上講，當地政府只是代持股份，它無權決定能否釋出，這種事必須提交當地議會表決，弄不好還得啟動公民投票程序。

266Please respect copyright.ＰＥＮＡＮＡAegl0GFWXd

因而，市場上每個人都很清楚，誰也打不了官股的主意。

266Please respect copyright.ＰＥＮＡＮＡlobqlx9k2B

這就是為什麼自天澤化工公開其收購意圖之後，一直不被看好而屢遭做空，

266Please respect copyright.ＰＥＮＡＮＡ32cqcZDb25

因為在空頭們的眼中，這不利因素豈止是「傳言」？

266Please respect copyright.ＰＥＮＡＮＡ8fMjPOpsKj

那根本就是「鐵定」啊！

266Please respect copyright.ＰＥＮＡＮＡGXQ2jffvO3

……

266Please respect copyright.ＰＥＮＡＮＡKfMHlNMbHZ

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266Please respect copyright.ＰＥＮＡＮＡSdMwfjUrz2

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266Please respect copyright.ＰＥＮＡＮＡAYZKLx2grl

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可令人奇怪的是，

266Please respect copyright.ＰＥＮＡＮＡzJXf30Q6IC

天澤化工卻在市場上照樣買入斯坦利集團股票，

266Please respect copyright.ＰＥＮＡＮＡR1UMGnV9fj

好像對那個官股障礙視而不見。

266Please respect copyright.ＰＥＮＡＮＡFBQy7zcbiC

這自然引來了更多的對沖基金參與「空眾」，

266Please respect copyright.ＰＥＮＡＮＡdTwCUT6eaH

不光國外，就連全球都有基金跑來共襄盛舉。

266Please respect copyright.ＰＥＮＡＮＡ8gp47FwMZt

據說，這是自彼列基金組團攻擊斯坦利集團以來，

266Please respect copyright.ＰＥＮＡＮＡ0DWUbgfczr

最大規模的一次國際禿鷹集結（禿鷹者，專門沽空者。）。

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266Please respect copyright.ＰＥＮＡＮＡ1OREhSDC2x

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266Please respect copyright.ＰＥＮＡＮＡGS2H9IKmb6

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