Reborn Tycoon Rise
Chapter 210 Battle for Hutchison Whampoa (19)
Hong Kong Island, in a hotel suite:
"Xu Sheng, you invited the two of us here just for tea, right?" John Madden said with a smile.
Xu Zhidao: "You two should understand the purpose of this meeting. I just hope that at the next Hutchison Whampoa board meeting, you two can stand on the side of the victor!"
Michael Kadoorie smiled and said: "Xu Sheng, we only made this choice for the future development of Hutchison Whampoa. Besides, doesn't Xu Sheng have enough equity to veto it with one vote? We also need to ask for our opinions." What to do? Or maybe the rumors are true and Xu Sheng’s stocks are no longer enough? "
John Madden continued: "How is it possible? Xu Sheng took over Li Jiacheng's stock, so the equity is over 40%!"
Seeing the two people in front of him almost singing a double act, Xu Zhi sneered: "So you two are really planning to go all the way to the dark side?"
Michael Kadoorie didn't panic at all and said: "What, is the director's vote also threatened?"
"I dare not make threats. I don't know what benefits Wei Li or Li Jiacheng and others have given you, but I can show you something first." Xu Zhi handed over a document.
John and Michael looked at each other and were immediately surprised. Michael said: "I didn't expect Xu Sheng's financial resources to be so strong. He was able to obtain a loan line of 500 million US dollars from an international bank. I really admire him! Could it be that Xu Sheng prepared this money?" Use it to privatize Hutchison Whampoa? Then this certificate should also be given to Wei Li? Show it to us, do you still want to lend us the money?"
Xu Zhidao: "Not to mention these useless things, I won't say how many Hutchison Whampoa stocks I have, but everyone knows that although I don't want to bear some minor notoriety, compared to the importance of Hutchison Whampoa, A little fame means nothing. When the truth comes out in the end, the situation will be different.
If I am uncomfortable because of someone, I will pay him back tenfold, so I hope you two will think clearly about what to do? "
Michael Kadoorie snorted coldly: "Xu Sheng, although you are rich, our big families are not afraid of anyone."
"Mr. Kadoorie is so confident. It seems that China Power and the Grand Hotel Group have achieved good results over the years!" Xu Zhi said with a smile: "Do you two know the real purpose of my acquisition of Hutchison Whampoa?"
John Madden frowned and said, "What purpose can the acquisition of a company serve?"
“In terms of the ability to make money, my electronics company is much better than Hutchison. I value Hutchison because as one of the four major foreign companies, Hutchison has enough influence and talents to drive my career. "Xu Zhi chuckled and said: "But this kind of thing does not have to be done by Hutchison Whampoa. For example, a large hotel or China Electric Power Company is also a good choice!"
"What do you mean?" Kadoorie heard the threat and said angrily.
Xu Zhidao: "That's what it means. If I don't get Hutchison, Grand Hotel Group and China Electric Power will be my next targets."
After saying that, Xu Zhi took back the credit line certificate on the table and said: "I think US$500 million in funds should be enough! I value the future of China Electric Power very much!"
"You..." Michael Kadoorie was furious, but he quickly calmed down and said, "What do you want?"
"It's very simple. The board of directors of Hutchison Whampoa just does what I ask." Xu Zhi said with a smile.
Michael Kadoorie said: "You want to privatize Hutchison Whampoa?"
Xu Zhi shook his head and said: "Of course not, I want you to veto the financing of Xinong Group, and also veto the full privatization I proposed!"
Michael Kadoorie thought for a while, nodded and said, "Okay, but you have to promise me one thing."
"Tell me about it?" Xu Zhidao said.
Michael Kadoorie said: "I will help you this time, but I need a promise that Xu Sheng, a company owned by our family, will not be taken over by you or your company in a hostile manner."
"It can't be done." Xu Zhi said: "If I agree to your condition, and you confront me in the board of directors in the future, then I won't be able to stare at you?"
Michael Kadoorie snorted coldly: "Xu Sheng will be able to control Hutchison Whampoa in the future, so he still cares about me, a small director?"
"Three years!" Xu Zhi opened three fingers and said: "I can promise you that I will not take over your company maliciously for three years. In these three years, you can find ways to increase your equity. If you can get enough shares, don't blame me. No one will propose a takeover. If a fly doesn’t bite the egg, you still need to be strong. It’s up to you!”
The Kadoorie family will be known as one of the top ten families in Hong Kong in the future, and its core assets are CLP Power and the Grand Hotel Group.
Compared with diversified companies like Hutchison Whampoa, CLP Power is a very simple company. Its main business is power generation. In Hong Kong, two companies have a monopoly on electricity use.
The Heung Kong Electric Company monopolized Hong Kong Island, while China Electric Power monopolized all other places. Although Hong Kong Island was economically developed, it was small after all, and the various factories of large electricity consumers were all in places like Kowloon and the New Territories. In the 1970s, Later, CLP Power's revenue surpassed that of Hong Kong Electric Group. Although its business was single, it had no competitors, and CLP Power's profits far exceeded those of Hong Kong Electric Group.
The large hotel group does not only have one hotel, but includes the Peninsula Hotel in Tsim Sha Tsui, the Kowloon Hotel, Repulse Bay Bay Gardens on Hong Kong Island, St. John's Building in Central District, the Peak Tram Company, and several four-star hotels in the United States. Its Peninsula Hotel is one of the top hotels in the world, and its assets are also extremely excellent.
However, it is not the best time to acquire these two companies yet. Forced acquisition may be successful, but the cost will easily be too high, especially when the peak of real estate is about to reach next year and the stock market will go crazy. During this period, forced acquisition of such companies , can only be a big waste of money.
Mi Gaojia thought for a while, nodded and said: "Okay, deal."
"This is the right choice." Xu Zhi smiled with satisfaction, then looked at John Madden and said, "What do you think, Mr. Madden?"
John smiled and asked, "Why, Xu, if I don't agree, will Xu Sheng be prepared to forcibly acquire Wheelock?"
"I'm not interested in Wheelock. Even if you beg me to acquire it, I won't take it!" Xu Zhi shook his head and smiled.
The family shareholders of Wheelock Group are the Madden family. In fact, as early as 1976, John was preparing to sell his Wheelock shares. The companies he intended to acquire at that time included Land, Hutchison Whampoa, Swire and some Chinese-owned companies, but in the end due to Due to various reasons, the transaction was not finalized.
John's face suddenly became very ugly and he said, "What does Xu Sheng mean?"
"It's not interesting, I'm just not interested in shipping!" Xu Zhi said lightly without explaining too much.
John snorted coldly and said, "Then what do you want to do?"
Xu Zhidao: "I heard that Wheelock intends to sell the International Building and the Federal Building. I am somewhat interested in this matter!"
The core business of Wheelock Company has always been shipping. However, as one of the four major foreign banks in Hong Kong with a long history, it also holds a large number of properties in Hong Kong. In Central, Wheelock owns two buildings, the Federal Building and the International Building. Among them, the Federal Building was built in 1964 and was the tallest building in Hong Kong for three years.
After the sale of Wheelock Company failed, out of doubt about the future prospects of Hong Kong, the Madden family made the opposite decision to the shipping king Bao Yugang - abandon the land and board the ship!
As housing prices in Xiangjiang have skyrocketed in recent years, Wheelock has begun to sell a large number of various properties in Xiangjiang, or develop the land owned by the group, to obtain funds to actively develop the shipping industry, implement strategic transfers of assets, and frantically order and buy cargo ships around the world. Many ships covered with jade steel were caught.
And if history had not been interfered with, by 1980, that is, next year, Li Jiacheng formed a joint venture to purchase the Federal and International Buildings for HK$1.00089 billion. As a result, house prices soared six months later, and they were sold for HK$2.235 billion. Comrade Li had a net Earned HK$600 million.
How can such a good thing be taken advantage of by Li Jiacheng!
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