Reborn as a tycoon in Hong Kong
Chapter 103 In Action
Yum Securities, in Lin Baicheng's office.
"Yufeng, tell me how your investigation is going."
Lin Baicheng said to Cheng Yufeng, who was sitting opposite him.
"Yes, Mr. Lin."
Cheng Yufeng responded and reported: "Cangjiang Industrial was founded by Li Jiacheng in 1950. It initially made plastic products and later entered real estate. Now the company's main business is real estate. The company was listed in 1972. The total share capital was 42 million shares, the IPO price at that time was HK$3, and the market value on listing was HK$126 million. Today, the market value has reached about HK$678 million."
"Among them, the company's controller Li Jiacheng holds about 40% of the company's shares and is the company's largest shareholder. The remaining shareholders hold less than 10% at most. Currently, Cangjiang Industrial's circulating shares on the market account for 40% of the total share capital. Around 20% is in the hands of other shareholders.”
"According to the survey, there are currently four institutions that hold a large amount of Cangjiang Industrial shares, holding a total of 12.5% of the shares. In addition, there are several institutions that collectively hold about 3% of the shares, and the remaining shares are It’s all in the hands of retail investors.”
Lin Baicheng nodded after hearing this and asked, "How is Qingzi doing?"
Cheng Yufeng said: "After seeing last year's revenue and profits of Galaxy Game Company brought by Miss Maori, Mitsubishi Bank expressed its willingness to lend money, but they have to send people to the company to conduct research and evaluation. Miss Maori will do it tomorrow." Bring someone from Mitsubishi Bank here.”
If Lin Baicheng wants to acquire Wharf, even if Lin Baicheng already holds nearly 10% of the shares of Wharf, and then exchanges Li Jiacheng's about 10% of the shares, it is still far from the holding company, so Lin Baicheng needs more money to acquire it. Wharf.
Therefore, Lin Baicheng needed more funds, and in order to avoid being noticed before the acquisition started, Lin Baicheng decided to borrow money from foreign banks.
Last time, he had approached Goldman Sachs in the United States. This time, Lin Baicheng was planning to seek a loan from RB's bank. With more business dealings, people might be willing to help when really needed. RB is Lin Baicheng's key investment country, so it won't go wrong to build a good relationship now.
Naturally, Haruko Mori from RB approached the bank to negotiate at the beginning. In the end, Mitsubishi Bank had a strong tendency to lend, so she chose Mitsubishi Bank.
The loan amount this time was relatively large, so Lin Baicheng disclosed Galaxy Game Company's revenue and profits to Mitsubishi Bank. If you want to get more loans, of course you can't hide the revenue and profits. You have to let Mitsubishi Bank know that Galaxy Games is very profitable, and then give it a higher valuation.
Lin Baicheng hopes to use 20% of his shares to borrow 1 billion Hong Kong dollars from Mitsubishi Bank. In this way, the valuation of Galaxy Games will be 5 billion Hong Kong dollars. Judging from the annual profit of 620 million Hong Kong dollars, the price-to-earnings ratio does not seem to be high.
However, after all, Galaxy Game Company only makes money from the two games "Xiangjiang Cube" and "Pac-Man". The bank will definitely be worried about whether the company can have such high profits in the future, so it will definitely give a discount, so the details can be given The valuation depends on Mitsubishi Bank's assessment.
"Okay, let's entertain people from Mitsubishi Bank tomorrow and cooperate with their research and evaluation."
Lin Baicheng nodded and said: "After the loan from Mitsubishi Bank is confirmed, we will talk to the institutions that hold Cangjiang Industrial shares and buy out their shares. Then we will go to other shareholders. Be sure to Our shareholding in Cangjiang Industrial has increased to more than 20%."
"Yes, Mr. Lin."
Cheng Yufeng nodded to express his understanding.
The next day, Haruko Maori brought people from Mitsubishi Bank to Xiangjiang. They immediately got to work and went straight to the Galaxy Game without any intention of taking a rest.
Lin Baicheng didn't hesitate to see this and asked people to cooperate with their investigation. He hoped that these people would complete the investigation as soon as possible and give him an answer as soon as possible.
The people from Mitsubishi Bank stayed in Xiangjiang for one day and then went back, saying that they would provide an evaluation as soon as possible. Haruko Mouri also went back to RB and would keep track of the loan.
Mitsubishi Bank's loan did not come through. Although it had already borrowed 300 million Hong Kong dollars from Standard Chartered Bank, which was enough to acquire the shares of Cangjiang Industrial, Lin Baicheng did not act immediately.
Once he starts to acquire a large number of Cangjiang Industrial shares, this matter will definitely not be hidden from Li Jiacheng for long, and there will inevitably be a showdown with Li Jiacheng soon and exchange him for Wharf shares.
Not to mention what will happen if Li Jiacheng cannot exchange for shares, once Li Jiacheng agrees to exchange shares, this kind of threatening transaction will definitely make Li Jiacheng dissatisfied and arouse Li Jiacheng's hostility.
Lin Baicheng is not afraid of having another business enemy like Li Jiacheng. He does not believe that he, a reborn person, cannot defeat Li Jiacheng. But the problem is that if this happens, Li Jiacheng will definitely not help him conceal his acquisition of Wharf shares. , and even take the initiative to expose this matter.
By then, Lin Baicheng must immediately buy a large number of Wharf shares, otherwise it will give Jardine Matheson time to react. Jardine Matheson will definitely mobilize funds to increase its holdings in Wharf, which will inevitably drive up Wharf's stock price.
In this case, even if Lin Baicheng can eventually acquire Wharf, the price he will pay will inevitably be very high, and may even be so high that he cannot bear it.
Therefore, either he would not move, or he would have to strike with a thunderous blow. After exchanging Wharf shares from Li Jiacheng, he immediately bought a large amount of Wharf shares to increase the shareholding ratio, without giving Jardine Matheson time to counterattack.
The decision on the loan will have to wait until Mitsubishi Bank gives an assessment.
On Asia Television's side, the preliminary and semi-finals of "Who Can Be a Millionaire" have been held several times. Now there are ten contestants who have passed the semi-finals. The final broadcast will officially start at prime time tonight. .
In the past few days, both the preliminary round and the semi-finals have attracted a lot of people to watch, and the ratings are very good.
Now that the finals have officially begun, this is the first finals. Maybe someone will win a million Hong Kong dollars in prize money, so people are very concerned about this and want to know who will be the lucky one to win a million Hong Kong dollars in prize money.
The final was held on a stage set up in the ATV Building. In addition to the program crew, contestants, security, TV station executives, etc., there were also a hundred live audiences.
There are only a hundred live spectators, mainly because it is not very convenient to count on-site in this era. Too much time will be wasted when there are too many people, so the opportunity of ‘on-site help’ cannot have too many live spectators.
That night, Lin Baicheng also came to the scene, and he didn't come alone. In addition to calling his sister Lin Qin, he also contacted someone.
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