Reborn Tycoon Rise
Chapter 198 Battle for Hutchison Whampoa (7)
Ever since Cheung Kong Industrial raised the acquisition amount of Hutchison Whampoa shares to HK$11, there has been no movement from Evergrande Group. After waiting for a few days, shareholders rushed to Cheung Kong Industrial to sell their shares.
In the first few days, Cheung Kong was still accepting all comers. However, a week later, as the number of Hutchison shares in its hands increased, Cheung Kong's funds seemed to be unable to withstand such high prices, and it announced a temporary suspension of acquisitions.
At the same time, news came that the competition between the two parties on the board of directors of Hutchison Whampoa was becoming increasingly fierce. Many newspapers publicized that Hutchison Whampoa was already poorly managed, and now it is encountering two parties seizing power, and it will be at odds with the big creditor HSBC. The future is worrying. .
Several bad news came, and Hutchison Whampoa's stock price has been falling since October, and finally stopped at around HK$8 per share.
In the Xiangjiang Stock Exchange, Xu Zhi and Wang Liming stood in the VIP room on the third floor, looking down at the countless obsessed people in the hall.
Wang Liming said: "Xu Sheng, Hutchison Whampoa's stock price has risen to HK$8.2. There are currently many buying accounts, and they should all belong to Li Jiacheng."
Xu Zhi smiled and said: "Looking at this, Li Jiacheng's stock holdings should be close to 25%!"
Wang Liming said: "It should be almost done, but after we didn't respond, Li Jiacheng withdrew quickly."
Xu Zhidao: "Li Jiacheng is not that stupid."
At this moment, the stock price is already very high, and both parties have a tacit understanding to spread some negative information in the stock market, with the intention of suppressing the stock price, and then prepare for war again.
Wang Liming asked: "Now that Li Jiacheng has made acquisitions in the stock market, should we keep up? Our shares are already lagging far behind."
Xu Zhi shook his head and said: "No, Li Jiacheng should have spent hundreds of millions of Hong Kong dollars during this period. In addition, when HSBC sold Hutchison Whampoa, it was almost all loans. I would like to see how much Shen Bi helped Li Jiacheng." Determination!"
Wang Liming said: "Then let's take action now?"
"Not bad!" Xu Zhi asked: "What is the share price of Yangtze River Industries now?"
Wang Liming said: "Before the acquisition of Hutchison Whampoa, the total market value of Cheung Kong Holdings was almost 700 million Hong Kong dollars. Later, due to the good market news, it almost rose to 1 billion. In recent times, we have continued to acquire and drive up the stock price, and the market value has reached almost 1.5 billion." It’s Hong Kong dollars, almost HK$5 per share.”
"1.5 billion Hong Kong dollars!" Xu Zhi nodded and said: "Immediately announce the share of stocks we hold, and at the same time purchase a large number of Cheung Kong Holdings shares on the stock market at 10 Hong Kong dollars per share until it reaches 49.9!"
Wang Liming was shocked when he heard this and said: "Xu Sheng, 10 yuan per share is too much! If you want to make a quick acquisition, 7-8 Hong Kong dollars per share is enough!"
Xu Zhi smiled and said: "Cut the knot quickly. Li Jiacheng holds more than 36% of the shares of Cheung Kong Holdings. If I don't raise the price, he will soon organize a counter-takeover. I only hold less than 20% of the shares." , only by offering such a sky-high price can we have a chance of success."
Wang Liming nodded and said: "That's right, but the price is too high!"
Xu Zhi smiled and said: "Not big, don't forget that the current property reserve of Yangtze River Holdings exceeds 14.5 million square feet, which is higher than Land's 13 million. Although the location is not as good as Land, many of them are in remote areas, but As long as housing prices continue to rise, these land parcels will far exceed 3 billion."
It is still 1979, and housing prices are still two years away from their peak in 1981. Many organizations have repeatedly protested against the excessive housing prices, but no one would have imagined how high housing and land prices would be in 1981.
It is estimated that it will take 1 billion Hong Kong dollars to acquire enough funds to control Cheung Kong Holdings in the stock market at a valuation of 3 billion Hong Kong dollars. 1 billion Hong Kong dollars is a sky-high price this year, but this is the only one with a reserve of 14.5 million square feet. This is what Old Man Li has exhausted 20 years ago. The land that has been reserved for many years, not to mention that once it really controls Cheung Kong Holdings, Hutchison Whampoa will naturally get it smoothly.
Wang Liming said: "It is estimated to be difficult. Hutchison Whampoa is an ownerless property, and everyone competes according to their own abilities. But if we really launch the acquisition of Yangtze River Industrial, it will inevitably arouse Li Jiacheng's full resistance, and Yangtze River's Many shareholders have good deals with Li Jia, so it may be difficult for us to obtain 49.9%."
"Good friends?" Xu Zhi said with a smile: "Whether we are good or not depends only on whether the profit is high enough. Everyone in this world has a price for friendship.
But you are right. It is indeed difficult to acquire Cheung Kong Holdings. I don’t have high hopes. But this is a clear plan. Once we launch the acquisition, Li Jiacheng must withdraw funds to protect Cheung Kong Holdings. Then we will be even more cautious about Hutchison Whampoa. It’s easy to operate. If he has insufficient cash flow and we really acquire his company, then this game will be completely over! "
Wang Liming smiled, but thought of something again, and said: "Xu Sheng, there is still a loophole in our plan, and that is Shen Bi. If he fully supports Li Jiacheng, we may not be able to do anything to them!"
"Shen Bi..." Xu Zhi sighed and said, "This guy is indeed a trouble. Please help me make an appointment with Niubijian in Yihe and say that I have something important to discuss."
"Niubijian?" Although Wang Liming was confused, he still agreed: "Okay, I will go right away..."
…
Cultural Oriental Hotel:
Niubijian and Xu Zhi have met several times, but mostly in public places. They exchanged a few polite words, but there was still no formal conversation.
The meeting between the two was arranged in the presidential suite. Looking down from the huge floor-to-ceiling windows, the beautiful Victoria Harbor came into view. Niubijian was sitting opposite Xu Zhi. As a sophomore in Xiangjiang's class, compared to Shen Bi, he It gives people the feeling of being cold!
"Xu Sheng came to see me, what's the matter?" Niubijian took a sip of coffee and said calmly.
Xu Zhidao: "Jinedine Matheson is a director of HSBC. I need Mr. Niubijian to impeach Shen Bi on the HSBC board of directors."
"Impeach Shen Bi?" Niubijian smiled: "For what reason?"
Xu Zhidao: "Regardless of the interests of all shareholders, before Hutchison Whampoa was acquired by Li Jiacheng, I contacted Shen Bi with the intention of acquiring it at a 50% premium. However, Shen Bi directly rejected me and sold it to Li Jiacheng at a low price.
Moreover, in recent times, Li Jiacheng has purchased a large number of Hutchison Whampoa shares in the stock market, and the funds used have reached hundreds of millions of Hong Kong dollars. I have checked that all these funds came from HSBC, which was loaned to Li Jiacheng by Shen Bi. It is estimated that together with Hutchison Whampoa's previous transaction volume, the total funds may exceed HK$1 billion! "
"1000000000?"
"Not bad." Xu Zhi said with a smile: "Before Li Jiacheng's Cheung Kong Industries acquired Hutchison Whampoa, its total market value was only 700 million. Without mortgage, Shen Bi loaned out so much money. If Li Jiacheng's business encounters If it fails, then Shen Bi’s behavior has seriously threatened the normal operations of HSBC. As a director and shareholder of HSBC, shouldn’t Jardine Matheson be held accountable?”
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