Water and Flames

Chapter

WAF CH35

by DewdropTL — The next day, when Jing Hong woke up, the daylight outside was already bright. The curtains weren't drawn, and as Jing Hong opened his eyes, he winced from the direct sunlight piercing through. At first, Jing Hong didn't realize this wasn't his suite, even turning over to squint for a few more minutes. Only after several minutes did something feel off, making him snap awake. Scattered fragments of his drunken night drifted to the surface of his mind. Jing Hong sat bolt upright, unable to believe…
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Chapter

WAF CH34

by DewdropTL — Facing Zhou Chang's invitation, Jing Hong's chest heaved violently as he said, "Alright." Zhou Chang gave him a deep look, turned, and led the way. The sounds of music, chatter, and crashing waves drew closer once more as they returned to the dock. A fiery tune struck up, and the crowd grew lively again. Ladies twirled and spun, their red or yellow dresses fluttering in the sea breeze—so captivating to behold. Yet Jing Hong and Zhou Chang didn't tarry for a second, walking straight past the…
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Chapter

WAF CH33

by DewdropTL — Zhou Chang didn't say any more, as the bride and groom had already stepped in front of the pastor, who began reciting a long passage that Jing Hong couldn't hear clearly from where he stood. Next came the couple exchanging their vows following the pastor's lead. They turned around, facing each other, holding hands, and gazing into each other's eyes. Only then could Jing Hong clearly see what the newlyweds looked like. The man was handsome and the woman beautiful—a match made in…
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Chapter

WAF CH32

by DewdropTL — With the Saint Games matter settled, Jing Hong gave himself a short three-to-four-day break. Ever since he took over the reins of the empire, Jing Hong had never taken a vacation. There was simply too much work. Jing Hong had his assistant, Tan Qian, book an island in the Maldives to unwind. The resort was opened a few years ago by LVMH, and Jing Hong had never been there before. It was said to have exceptional ocean views, facilities, food, and service, making it ideal for a vacation. Most…
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Chapter

WAF CH31

by DewdropTL — Shortly after, Fanhai received approval from all relevant regulatory bodies in both China and the UK and extended the offer period. At this point, the only remaining condition for the tender offer was "acquiring at least 50% + 1 share of the equity." Qinghui modified its tender offer, removing the discriminatory clauses directed against Fanhai. Immediately after, just when major media outlets universally believed Qinghui would emerge victorious based on price alone, Fanhai Group suddenly launched an…
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Chapter

WAF CH30

by DewdropTL — In late October, Fanhai Group issued another tender offer to Saint Games' shareholders at a price far higher than the previous one, this time with attached conditions: first, securing regulatory approvals from both countries, and second, acquiring at least a 50%+1 majority stake, ideally exceeding 90% to complete the privatization of Saint Games—under the laws of both countries, once a entity holds over 90% of shares, it has the right to initiate a squeeze-out and forcibly acquire all remaining…
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Chapter

WAF CH29

by DewdropTL — Just a few days after poaching Zhang Li, Qinghui and Zhou Chang caught Jing Hong's side completely off guard with another product. When it came to that specific product line, Fanhai and Qinghui had originally maintained a north-south divide—Qinghui dominated the north while Fanhai held sway over the south—living in peaceful coexistence for years. Recently, however, Qinghui Group achieved a breakthrough with its product technology. On the very night they rolled out the brand-new version, Zhou Chang…
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Chapter

WAF CH28

by DewdropTL — One day in late July, the due diligence process officially was settled. Fanhai's tender offer took effect, kicking off a month-long acquisition window. Because Saint Games' board of directors covertly advised major shareholders to retain their shares, and because Fanhai's offer price couldn't match those offering several-hundred-percent premiums, not many shareholders ultimately accepted the offer and sold their shares. By the time the tender offer expired, Fanhai held a total stake of 31%. As a…
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Chapter

WAF CH27

by DewdropTL — A few days later, Zhao Hanqing reported back to Jing Hong on Saint Games' progress. Fanhai Group refused to commit to no future share increases. Meanwhile, the Saint Games board of directors found themselves completely powerless against the invasion of Qinghui Group—the "barbarians at the gate"—because Qinghui's offer was genuinely high, and the individual shareholders were quite eager to sell. Ultimately, after several rounds of negotiations, both sides adjusted the "no further share increases"…
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Chapter

WAF CH26

by DewdropTL — After that, Fanhai and Qinghui enjoyed a fairly long period of peaceful coexistence, until one day when Zhao Hanqing, the head of Fanhai's investment department, came to seek Jing Hong's guidance once again. "President Jing," Zhao Hanqing asked, "are you familiar with a company called Saint Games?" Jing Hong nodded. "I am." Saint Games was one of the most prestigious gaming companies in the world after the year 2000. Headquartered in San Diego, California, it had gone public on NASDAQ several…
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