Reborn Tycoon Rise

"Xu Sheng, Li Jiacheng has also raised the purchase price of Hutchison Whampoa shares to HK$11. Do we want to follow suit?" Wang Liminghui reported in the office.

Xu Zhi asked: "How many have we acquired?"

Wang Liming replied: "In the past six days, we have purchased 15 million shares at HK$10 per share, accounting for approximately 3.8% of Hutchison Whampoa's shares."

"3.8%." Xu Zhimo calculated that he should already own 22% of the stocks, which is a little worse than Li Jiacheng, so he said: "Where did Li Jiacheng get so much funds?"

"It's not clear yet, but it is most likely a temporary loan from HSBC. HSBC's executive has the right to make a temporary loan." Wang Liming replied.

"That's it!" Xu Zhi also understood that the real estate industry controlled by Li Jiacheng has a strong leverage ability for funds, but in order to control risks, ordinary banks simply do not allow the transfer of funds for real estate projects, so regardless of Li Jiacheng's simultaneous The projects carried out often cost billions of Hong Kong dollars, but in fact there is not much money that can be used in the stock market. The only way is to borrow money from banks. Obviously, HSBC, the largest bank in Hong Kong, is willing to help him.

Wang Liming asked again: "Xu Sheng, should we increase the purchase price?"

"There's no rush. If we raise the price immediately, more people will probably wait. Let's see the market's reaction first. Wei Li will hold a board meeting this afternoon. If everything goes well, we won't need to fight with Li Jiacheng in the stock market. Funds are available!" Xu Zhi asked again: "How is the stock acquisition of Yangtze River Industrial going?"

Wang Liming replied: "After Li Jiacheng acquired Hutchison Whampoa shares, the share price of Cheung Kong Holdings rose sharply. However, after we entered the market, Cheung Kong's shares went up and down. Together with the previously acquired stocks, we currently hold almost 15% of the shares of Cheung Kong Holdings." !”

"15%? A bit less!" Xu Zhi asked: "Do you know how many Yangtze River stocks Li Jiacheng holds?"

Wang Liming said: "Cheung Kong has raised funds many times over the years. On the surface, Li Jiacheng holds almost 36% of the shares of Cheung Kong!"

Xu Zhi shook his head and said: "That's still far from it! Don't worry about the consequences these days, just give me all you can to buy the shares of Yangtze River Industries."

"Understood." Wang Liming agreed.

…

Less than 5 days later, another board meeting was held at Hutchison Building!

Hutchison Whampoa has encountered the 1973 economic crisis and the real estate crisis since the Qi Dezun era. The stock price fell from its peak of HK$44 to HK$2, and all the former major shareholders were purged at once.

If the former major shareholder HSBC is removed, Hutchison Whampoa's equity in Weili's era is actually extremely dispersed. As long as the influence of HSBC is removed, no one can challenge Weili's authority. This is also the fundamental reason for Weili's painstaking efforts to finance a large number of acquisitions. , in order to dilute HSBC’s equity and reduce Shen Bi’s influence on the original board of directors.

But because of this, this approach angered Shen Bi, but because it was not convenient for banks to interfere too much in business operations, he was determined to sell Hutchison Whampoa, and finally chose Li Jiacheng to deal with Wei Li!

Before Li Jiacheng and Xu Zhi, Hutchison Whampoa had seven directors, but four of them were just temporary positions in some medium-sized companies. They were just candidates used by Wei Li to control the board of directors, while the other three were from HSBC and Kadoorie. The shares owned by the family and Wheelock \u0026 Company, except for HSBC, are actually very low. Being a director at Hutchison Whampoa is also a transaction with Wei Li, because Wei Li is also a director of the other company. This is a situation where each other is a shareholder director. It is very common among Xiangjiang companies!

Although HSBC has sold Hutchison Whampoa's shares, it has not resigned from Hutchison Whampoa's board of directors. No matter how bold Wei Li is, he would not dare to forcibly resign from HSBC's directorship.

Soon, many directors gathered here again. Wei Li had obviously greeted all the directors except Li Jiacheng and HSBC. John Madden of Wheelock and Company, and Michael, the head of the Kadoorie family, also came in person. After arriving at the scene, the two quickly became involved with Wei Li and chatted happily.

On the other side, HSBC senior manager Shen Bi also came to the scene in person and sat alone with Li Jiacheng, discussing in a low voice.

Xu Zhi walked up to the two of them and greeted: "I didn't expect that Mr. Shen Bi would come here in person to attend the board meeting!"

Shen Bi said: "After all, HSBC is still a director of Hutchison Whampoa, and we also hold 10% of preferred shares. Of course we care about Hutchison Whampoa's development."

"I can acquire all 10% of the preferred shares at HK$10 per share, which is much higher than the last time HSBC sold ordinary shares!" Xu Zhi deliberately spoke loudly so that everyone could hear it.

Shen Bi frowned and thought for a while, then said: "For the time being, HSBC has no plans to sell Hutchison Whampoa shares. We are more optimistic about Hutchison Whampoa's future development!"

"Then let's borrow Mr. Shen Bi's good advice!" Xu Zhi said lightly.

Soon it was time for the meeting. After some polite remarks, Wei Li said: "Everyone, although Hutchison Whampoa is currently profitable, the international environment is still not good. Our Harbor City project has an annual loss of more than 100 million Hong Kong dollars, and Although a large number of real estate projects under Hutchison Real Estate are profitable, they cannot compare with the average level of the real estate market, so I decided to apply to the board of directors for a share expansion and capital increase to solve the company's current huge debt problem!"

No one answered or made any movement. Many people already knew about this, and a few people who didn't know had almost guessed it!

After waiting for a while, Li Jiacheng said: "How to raise funds?"

Wei Li smiled and said: "The current market value of Hutchison Whampoa is 4 billion Hong Kong dollars. I think it is more appropriate to raise 1 billion Hong Kong dollars. This can solve half of our debts with Hutchison Whampoa. At the same time, we will also have funds to start multiple large-scale projects!"

"One billion!" Li Jiacheng also frowned and took a deep look at Xu Zhi, who seemed to be unconcerned.

Michael Kadoorie asked: "How to raise this billion Hong Kong dollars? Is it publicly raised on the stock market?"

Wei Li shook his head and said: "One billion Hong Kong dollars is not a small amount. You may not be able to obtain so much funds just by financing in the stock market. However, I have discussed with Xu Sheng from Evergrande. He is willing to invest 1 billion Hong Kong dollars alone, financing and yellow!"

Even though they knew it in advance, many people here were shocked to be able to spend one billion Hong Kong dollars.

Li Jiacheng asked: "How many shares will be added for one billion Hong Kong dollars?"

Weili replied: "23%."

Li Jiacheng said: "I disagree. The current market value of Hutchison Whampoa is already HK$4 billion. Based on this figure, the total market value after the capital increase will be 5 billion, and HK$1 billion can only obtain 20%!"

Wei Li said: "Li Sheng is also a top figure in the business world. Do you still need me to explain this kind of thing? Being able to provide so much funds at one time, the company will naturally give a discount when financing. To say the least, if we Public financing on the stock market requires a lot of preparation work and money handed over to securities companies."

Xu Zhi suddenly said: "Li Sheng, if I accept 20%, do you agree?"

"This..." Li Jiacheng did not answer.

Shen Bi, who had been silent all the time, suddenly said: "I don't agree!"

Wei Li smiled and said, "Mr. Shen Bi, financing is the best way to solve the company's financial gap. If you don't agree, are you ready to lend our company another sum of money?"