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David Chang says...

中港炒家連手設局 400萬保戶權益不保

  • 撰文/劉俞青

南山人壽交易黑幕

這次買下南山的博智金融團隊中,其中八成資金來自香港掛牌公司─中策,這家剛剛才被借殼易主,背後大老闆到底是誰,至今是個大問號,而一旦南山人壽成為這家公司的孫公司之後,未來,只要買賣中策股權,等於南山人壽的經營權就跟著變動,誰來為南山人壽的四百萬保戶權益把關?


揭開中策真面目,其實只是一家資本額僅二億元港幣的公司,過去以經營電池為主,股價也只有○•一五元左右,但就在南山投標前四個月,也就是六月八日當天,中策公告將以每股○•一港幣的價格,發行七八○億股的新股(可調換股權),因為這個數字實在太大,發行完成以後,原有股東股權只剩二•○五%,換句話說,這個大幅增資的動作,其實就是市場俗稱的「借殼」,透過大量發行新股,把原有股東幾乎全部洗出場,而認購新股的股東,是中策表面上看起來的新老闆。

買家來歷不明╱誰才是真正的新老闆?

不過,外界言之鑿鑿這次的南山併購案,背後另有金主隱身其後,這個人就是中國股市梟雄肖建華。根據瞭解肖建華的人士透露,其實這份配股名單,還是可以依稀看到肖建華幕後操刀的痕跡。例如第一大股張松橋就與肖建華熟識,而名列第九的歐亞平和肖建華的關係更為親密,據消息人士透露,兩人私交甚篤,曾聯手打過江山,至於外界質疑香港這幾大富豪們有必要買肖建華的帳(為其出面)嗎?這位人士意有所指地說「不要忘了,肖建華背後最大的支撐就是來自曾慶紅,而當年曾慶紅的責任分工,就是主管港澳兩大行政區,在香港人脈驚人」。

「新中策」的股東名單看起來非常壯觀,名列第一的是素有「重慶李嘉誠」之稱的張松橋,此外,香港幾大知名富豪包括劉鑾雄、鄭裕彤等都列名榜上,而第四大股東任德章,據香港媒報導,他以炒作低價股聞名,與香港股市有名的「殼王」龐維新關係密切,過去曾因炒股,被香港證會罰款。

翻開中策十五大自然人股東,有多位是炒股高手,光是炒股而被香港證監會處分的就有三人,除了任德章之外,還有,專業投資人谷保順,前結好投資公司持牌代表甄志平,也都因炒股被證監會處罰,另有借殼大王孫粗洪也隱身其中,這些雜牌軍組成的名單,就是表面上未來中策的新股東,也將是南山人壽的可能老闆。不過,老闆頭銜還沒正式當上,因為中策與博智聯手標下南山消息出來,中策股價立刻漲到○•三七港幣,這些股東們立刻現賺二七○%的報酬。

不過,據指出,這些富豪們到底只是暫時掛個名,等新股上市之後就獲利了結出場,而幕後真正的金主最後才要現身接手股票?還是真的有心要投資南山人壽,就看這些富豪們最後有沒有出任中策的董事,應該就可見分曉。因為如果真的有心投資還成為前幾大股東,沒有理由不出任董事為公司把關,但一旦出任董事,所有股票進出都得報備,如果只是掛名幫忙的性質,自然不想這麼麻煩。

落入炒家手裡╱南山人壽前景堪慮

肖建華到底有沒有躲在中策的背後下指導棋,或許還需要一點時間證明,但可以確定的是,中策公司被這些台面上的大股東們借殼成功之後,和博智一起吃下南山人壽,未來,南山將成為這家「新中策」名下唯一的資產,簡單地說,台灣的南山人壽搖身一變,立刻變成一家在港股掛牌的上市公司的孫公司,代號○二三五•HK。

這場精心布局一年之久的大戲,台面上,是一家「博智金融團隊」買下南山人壽,但實際上,肖建華幕後著力甚深,而從此南山人壽成為港股,台灣金管會管得了多少?令人憂心。

南山人壽是一家資產高達一•五兆元的保險公司,背後代表台灣四百萬保戶的保單安全,以及超過三萬六千名員工的家庭生計,但如果南山真的交到博智和中策這兩個買主手上,前者沒有事業、沒有員工,沒有經營保險公司的經驗,在台灣連間辦公室都沒有,而後者是一家香港上市公司,不受台灣資本市場的規範,金管會主委陳沖在揭曉前曾經說過,「七年之內,南山的股權不得移轉」,但卻沒有料到,買家用控股公司的形式持有,未來,中策持有南山或許可以七年不變,但誰能阻止中策這家上市公司在市場上做股權買賣?買主只要出脫中策股票,南山真正的老闆是誰?沒有人會知道。

據熟悉金融操作人士指出,如果南山人壽落入股市炒家手裡,後果堪慮,其可能的結果有三,一是,買主透過中策在香港炒股獲利,二是,資產可能被掏空、三是,可能被掏空後賣給其它買家。

童話故事中,披著羊皮的狼,隱身在肥羊之後,正一步步悄悄逼進,如今,負責最後審查的金管會主委陳沖,到底會如何把關,全民都在看...

Filed under: mergers

nrek says...

There was a time in Disney’s past when they were about the magic of mouse and man. Walt Disney created a mystical place of both myth and legend in California, their movies, both live action and cartoon, pushed the boundaries of what anyone had ever seen before, and they provided dreams and imagination to both kids and adults.

Today? That magic is still at Disney, but that magic isn’t the primary engine driving the Disney machine. They’re a strategic brand monster that positions, plans, and corals it’s interested market base into a world carefully designed in hopes to maintain a presence of Magic, while squeezing dollars in trade for dreams.

The greatest example I can think of for this is the insertion of Downtown Disney and California Adventure into the Anaheim theme park, Disneyland. Both of these additions are neither improvement, nor magical. In fact, they’re simply “maximizing of real estate” and of course, profit. Anyone that’s ever been to California Adventure knows it feels more like a “newish” Knott’s than an actual Disney park. As for Downtown Disney, the only thing Disney about it is the control of their branded janitors, and the soundtrack they pipe through the overhead speakers. It’s a friggin’ strip-mall, people.

So, in comes Marvel. A $4,000,000,000.00 deal. This could be good or bad. Disney’s long been using Miramax films to run their “non-Disney” ventures through, and some are good and some are not-so good. That’s fine. They also have ABC, which does a fine job at entertaining with it’s shows. What scares me the most about this, is seeing Mickey one day holding hands in front of the castle in front of Fantasyland with Iron Man. I love Iron Man, even the movie was pretty damn awesome, and I can’t wait for that whole franchise to open up on the big-screen... But yea, that would suck.

I just hope for the sake of Marvel and Disney alike that they keep these interests separate. Hell, a Marvel theme park wouldn’t be all that bad, and perhaps that’s the intent, something to compete with the suffering Six Flags franchise, perhaps. With more intense rides than “Space Mountain”, for example. I don’t know. I liked Marvel as it was, and the direction they were going as it were. I just hope Disney doesn’t rape Marvel the same way they’re raping Walt.

Filed under: mergers