Rebirth of the Strongest Tycoon

Li Zhaoji's pupils shrank, and he remained silent. The situation about the China Gas Company quickly emerged in his mind.

Among his assets is the equity of China Gas Company, but not in Henderson Land Development Company, but under Wing Tai Construction Co., Ltd.

He founded Henderson Land, which went public in June this year, but Wing Tai Construction was founded in partnership with Hu Baoxing after he came out of Sun Hung Kai Enterprises at the end of 1972.

, Although he has expanded his shares many times, he is now the largest shareholder and chairman of Yongtai Jianye, but he still has not completely acquired Yongtai Jianye.

It is not that he does not want to completely acquire Yongtai Jianye, but that there is not enough funds for the time being, and his partner Hu Baoxing is still resistant.

But now, there seems to be a good opportunity in front of you...

Although he also has ideas about the China Gas Company, Xia Yu has come to the door now. With Xia Yu's behavior, the preliminary preparation is definitely not bad. Even less than Xia Yu, the result of a head-to-head match will definitely be a mess, and it will also delay him in today's rare opportunity to buy the bottom and grow.

It is better to stop in time and cut off the thoughts of the China Gas Company.

Moreover, if the equity of China Gas Company is stripped and sold, according to his shareholding ratio, he can get a big share, and then he will start to buy Yongtai Construction Company.

Anyway, I have already prepared to buy land and properties at the bottom, and the assets of others are definitely not as important as the company I built by myself.

And he does have some gaps in his funding.

The wealthy Xia Yu has set his sights on the China Gas Company, and he will definitely not win the fight, so if he stops thinking about it, he will focus his energy on real estate and property...

Xia Yu drank tea tightly and waited patiently. He had already analyzed it before he came. With Li Zhaoji's current situation and his style of life, he would not hold on to the equity of China Gas Company. The point is that the money is in place.

really.

After Li Zhaoji finished thinking, he took a sip of tea and said with a smile: "Mr. Xia, Yongtai Construction Company owns 26.4% of the shares of China Gas Company. We are also old friends. Since you need it, then I also enjoy adult beauty."

"But you also know that Yongtai Construction Company is not owned by me alone. It was jointly founded by me and Hu Baoxing. I can persuade him to agree to sell shares, but I have to let me speak out about the price."

Xia Yu nodded and said, "This is what it should be. There must be a reasonable price that both parties can accept when doing business."

"So, you might as well listen to me first and tell me my opinion and price."

Li Zhaoji smiled and nodded, made a gesture of invitation, and looked at Xia Yu quietly.

Xia Yu took a sip of tea, cleared his throat, and said slowly: "When the market was closed this morning, the total market value of China Gas Company was more than 1,369 million Hong Kong dollars. 1.37 billion Hong Kong dollars as the base.”

"On this base, I will acquire the equity held by your company at a premium of 30%."

"Mr. Li, what do you think?"

Taking HK$1.37 billion as the base, the equity value of 26.4% is HK$361.68 million.

With a 30% premium, it would be just over HK$470 million!

Li Zhaoji quickly calculated in his heart and came up with a number.

This figure is undoubtedly much lower than before the stock market crash.

He remembered very clearly that before the battle between the Jiuding Consortium and the Taikoo Consortium, the highest market value of China Gas Company was HK$3.2 billion, and the paper value of his equity was more than HK$840 million.

Now it has shrunk a lot!

Li Zhaoji smacked his lips, pondered for a moment, and said with a look of embarrassment: "Mr. Xia, whether this price is too low, let's not talk about the market value of the Hang Seng Index after 1,800 points. Before that, others think about my equity. Buy it, you don’t have to talk about it if you don’t have 1.2 billion Hong Kong dollars.”

Xia Yu knew that Li Zhaoji wouldn't understand to the end,

Saying this is nothing more than trying to raise the price.

But Xia Yu couldn't really agree with him. The difference between the amounts was huge. He was here to buy the bottom, not to take advantage of it.

Therefore, Xia Yu bluntly retorted: "Mr. Li, you can't say that. It was before. We have to speak based on facts. No matter how high the market value of China Gas Company was before, the situation is different now."

"When the stock market crash comes, no one knows what will happen in the future. It took six or seven years for the stock market crash in 1973 to recover. Even if it is a little less, it will take five years."

"If I bought this equity at the previous high price, I would have to wait five years before the stock price could rise back to its previous high, and the value of the equity would be the same as the capital I invested."

"But according to the current bank loan interest rate, taking the median loan interest rate of 16%, the five-year interest of 1.2 billion Hong Kong dollars will cost more than 960 million Hong Kong dollars. I may not be able to return in ten years. Book."

"And the money in five years can't be compared to the money now."

"If you go to buy the equity and assets in the hands of others now, are you at the current price or at the previous price?"

Li Zhaoji snorted and didn't feel embarrassed. He smiled and defended himself: "Mr. Xia, I'm not saying that I want to follow the previous high price, I'm just doing a price comparison."

"You have said so much, and I also have a point of view. After all, China Gas Company is different from other companies. It is the only gas production, transmission and supplier in Hong Kong, and it is also the only gas supplier in Hong Kong that has a territory-wide central pipeline. It has irreplaceable monopoly."

"Although the stock market crash has caused many assets to depreciate, the price of gas used by residents will not change, so the profit of China Gas will not drop much."

"The 30% premium price is indeed a bit lower. I think 80% is more pertinent, and Hu Baoxing will not have any opinion on the price."

Xia Yu immediately retorted: "Mr. Li, you mentioned the monopoly of China Gas Company, which is true, but because of its monopoly, as a public utility company, it is also the company with the highest price-earnings ratio in that field. , which is much higher than the price-earnings ratio of the CLP Power Company, Kowloon Bus Company and other public utility companies that I acquired before, I know this very well.”

"Even now that the share price has fallen, China Gas's price-to-earnings ratio is at the current high level."

"As for the profit you mentioned, it will definitely drop significantly. There are not a few companies that have closed down due to the stock market crash, and the gas consumption of the companies will be greatly reduced. Individual residents will definitely save gas consumption subconsciously because their wallets are not strong..."

"The 80% premium is too outrageous, but since you said it, I won't refund it or give you face, so let's add five points to the premium."

...

Although Xia Yu and Li Zhaoji were negotiating, both of them were very restrained and cared about the atmosphere to avoid hurting the harmony.

If you think what the other party is saying makes sense, then take a step back consciously.

In the end, Xia Yu was slightly better, and when the price was set at a 50% premium, Li Zhaoji couldn't say anything else.

"Mr. Xia, your eloquence is so good, I have learned it today, and I have to admire it."

Li Zhaoji said with a wry smile, adding tea to Xia Yu.

Xia Yu smiled slightly and said modestly: "It's too much, but Mr. Li, you don't want to argue with me too much."

Li Zhaoji smiled and shook his head and said, "Mr. Xia is too modest."

After laughing, Li Zhaoji restrained his smile and said to Xia Yu: "Mr. Xia, I personally have no problem with the 50% premium, but I have to ask Hu Baoxing tonight to see what his attitude is, and I will give it tomorrow morning. You answer, what do you think?"

Xia Yu smiled and nodded: "No problem, then I'll wait for your good news."

Li Zhaoji joked, "I'm not sure if it's good news or not."

"Ha ha……"

...

After sitting for a while, Xia Yu bid farewell and left in peace.

He was not worried at all about Hu Baoxing's disagreement. Given Li Zhaoji's shareholding ratio and position in Yongtai Jianye, he just said that he wanted to ask Hu Baoxing's opinion during the negotiation just now.

If Li Zhaoji really didn't have the right to decide, he wouldn't talk to him about the 50% premium alone.

All he needs to do is get the funds and lawyers ready to sign tomorrow.

In fact, as Xia Yu expected, after going to work the next day, he received a call from Li Zhaoji, talked about the process of "persuading Hu Baoxing", and then asked him when he went to sign the contract.

The stake is safe, so Xia Yu immediately told him to come over immediately.

After hanging up the phone, I took a good person to Henderson Development Company and signed a purchase contract with Li Zhaoji.

When the contract was signed at 9:32 in the morning, the purchase price was HKD 542.52 million, and the funds needed to be credited to Yongtai Jianye's account at Jiuding Bank within three days before the contract officially took effect.

Xia Yu didn't ask Li Zhaoji to wait. After leaving, he asked Liu Tianci to pay the money. Before ten o'clock, he transferred the money to the account of Yongtai Jianye Company and notified Li Zhaoji.

In the next two days, Xia Yu visited Li Mingze of Lijia and Li Fushu, chairman of Bank of East Asia, and bought 10% at a premium of 35% and a premium of 25% respectively. The 6.5% and 5.1% stakes cost a total of more than 386 million Hong Kong dollars.

In addition to the 12.8% equity originally purchased by Jiuding Securities Company during its investment in the past two years, the 11.2% equity originally held by Hang Lung Bank, which was acquired by Jiuding Bank, and the holdings of Standard Chartered Bank. 6.4 percent of the shares held.

Xia Yu holds a total of 78.4% of the shares of China Gas Company.

Then Xia Yu gathered up all these shares and hung them under the Jiuding Energy Group.

Among the heated discussions, the first thing Jiuding Energy Group did after taking over the China Gas Company was to apply to the exchange for delisting and privatization.

After electricity, the gas market was monopolized by the Jiuding Consortium, and some good people privately gave Xia Yu another domineering title - the King of Xiangjiang Energy.

China Gas Company became the first company to take the initiative to apply for privatization before the stock market crash was over. Many bigwigs with funds seemed to have heard the horn of the charge and took action one after another.

ps: Please recommend a monthly ticket. There will be another update tonight, but it will be later. Don't wait, let's watch it tomorrow.