Reborn Tycoon Rise

"Xu Sheng, this is the newspaper just published by Land Company!" In the office, Wang Liming handed over a newspaper.

Xu Zhi took the newspaper and read it carefully. It was about an acquisition plan announced by Land Company, exchanging two new shares of Land and a bond with a weekly interest rate of 10% in Hong Kong dollars for Wharf stocks, with a budget of purchasing an additional 31 million. shares, intending to increase Wharf shares from 20% to 49%.

Bao Fuda later publicly promoted that this was not an acquisition, and he had no intention of changing the structure of Wharf's board of directors. However, anyone with a discerning eye knew that the purpose of this acquisition was to expel Bao Yugang and Wu Guangzheng.

Wang Liming said: "Bao Yugang happens to be in Europe these days. Land's plan is to take advantage of this period to quickly cut through the trouble and acquire enough Wharf shares. Now there is only one Wu Guang in the Bao family who is in charge of the overall situation. If the response is a little slow, If you click, it might be too late.”

"Don't worry, Real Estate used this trick when it acquired the milk company a few years ago. Although there are bonds this time, investors no longer believe in this acquisition commitment." Xu Zhijie said.

Wang Liming said: "Landmark has just sold the Golden Gate Tower, and the cash on hand should be more than 1 billion. If they are willing to use cash to acquire it, it will be much easier."

"Only when you have cash on hand can you be prepared for any accidents. Although bonds have interest, you don't have to pay now, and the interest rate is only 10%, which is lower than the lowest preferential interest rate of 12%." Xu Zhi said with a smile.

Wang Liming said: "Then what should we do?"

"Can the bonds issued by Land be converted into shares?" Xu Zhi asked rhetorically. Wang Liming was not clear about the agreement between him and Bao Yugang.

Wang Liming said: "No."

"Then we won't participate for the time being." Xu Zhidao said: "People at Jardine Group are probably worried that Land will also be targeted by Chinese capital, so they don't dare to exchange all shares for shares like they did when they acquired the milk company."

Wang Liming said: "Although Jardine Matheson holds less than 20% of Land's shares, looking at the whole of Xiangjiang, we are the only ones who can take action!"

"It's not necessary for the time being. If such an acquisition war breaks out, all my other investment plans will probably be delayed. Now is not the time." Xu Zhi shook his head and objected. Now that the real estate economy is about to reach its peak, the total market value of Real Estate has exceeded 10 billion Hong Kong dollars because it owns more than 10 Central buildings. The current Chinese capital does not have the ability to crack this bone.

Wang Liming asked: "Then we just wait for Bao Yugang's reaction?"

Xu Zhi smiled and said: "I guess Bao Yugang should know about it too!"

…

Just 10 minutes after Land announced its acquisition plan, Wu Guangzheng immediately made an overseas phone call and informed Bao Yugang of what had happened.

Bao Yugang only replied: "I know!"

The next day, June 21, Bao Yugang canceled the planned golf event with members of the British royal family, and instead met with Shen Bi, chairman of HSBC Bank, who was also meeting in London at the time, to explain his upcoming anti-increase purchase. plan, hoping that HSBC can borrow 1.5 billion Hong Kong dollars.

Shen Bi agreed!

Subsequently, Bao Yugang canceled his meeting with the Mexican President, detoured from London to Switzerland, and then returned to Xiangjiang. After returning to the company and staying for a while, he directly found Xu Zhi.

Xu Zhi's mid-level villa is located in Repulse Bay. It was an asset once owned by Hutchison Whampoa and was later transferred to Xu Zhi. It has a total area of ​​more than 6,000 square feet and has a separate sports room and conference room.

In the conference room, Bao Yugang asked directly: "Xu Sheng, according to our previous agreement, I am now bidding 105 Hong Kong dollars per share in cash, which is more than the bid of Land. I don't know if you are satisfied."

"Okay." Xu Zhi didn't ask for more. This was already the price that Bao Yugang was planning to purchase on the stock market. Even if he didn't make a move, retail investors would be crazy about this price, and Yihe would also take the opportunity to cash out. Once he missed it, If there is a good opportunity, if the acquisition war is over, the stock price will immediately fall.

Bao Yugang received a satisfactory reply and said: "Okay, with Xu Sheng's shares, I am more confident in this acquisition!"

"Wait a minute." Xu Zhi took out a newspaper and said, "Sheng Bao, why don't you read this newspaper first?"

Bao Yugang took it and saw the title of the Hong Kong Economic Journal at first glance: "Two birds in the forest are worse than one in the hand"

This is a short political and economic commentary in the Economic Times. It believes that Land Group’s move is aimed at selling off Wharf shares while taking advantage of the high price. The purpose is to purchase Land to consolidate its controlling stake. It describes Land’s “increased purchase” method as “encircling Wei and saving Zhao”. , and also pointed out that if Real Estate encounters a counter-takeover by Bao Yugang, it will definitely sell off its shares in Wharf.

Xu Zhi asked: "Sheng Bao, what do you think of this comment?"

"Quite discerning." Bao Yugang smiled and said: "Actually, I have thought about this issue, but for me, seizing the controlling stake in Wharf is the most practical. Other things are not important. If Landmark truly lets go , just to cash out, then I will definitely be happier, because this can avoid a larger price increase later. And Xu Sheng, you have 10% of the shares, I only need to acquire another 9%, and Jardine can't cash out much! "

"Since there is no problem, let me first congratulate Bao Sheng on getting Wharf." Xu Zhi laughed.

Pao Yugang smiled bitterly and shook his head: "That can't compare to your prestige, Xu Sheng. The assets of Hutchison Whampoa and Hong Kong Electric are even more enviable!"

Xu Zhidao: "Although Wharf is not as big as Hutchison Whampoa, they are basically extremely high-quality assets, especially Harbor City. Although it is currently suffering from serious losses, the entire project is about to be completed. In the future, Harbor City will definitely become a Xiangjiang’s new business center.”

"Not necessarily. If Harbor City does not go as smoothly as expected, then Wharf Company may really suffer serious losses." Pao Yugang said that the most important reason why Wharf was successfully attacked by Li Jiacheng in 1978 was the stock price Downturn, and the reason for the downturn was that the Harbor City project was too large, and Land was unwilling to introduce external funds, which ultimately led to the company's losses, the stock price plummeting, and a series of subsequent equity disputes.

Xu Zhidao: "If Mr. Bao is not optimistic about this project, how about handing it over to me in the future. I can exchange it for Hong Kong Electric's power generation business. It is impossible to lose money in the power generation business. At present, it can make a stable net profit of HK$200-300 million every year in these years." About, how about it?”

Later Harbor City collected more than 10 billion Hong Kong dollars in rent every year, with net profits accounting for more than half of the Wharf Group, and annual sales accounting for 8% of the entire Hong Kong retail sales. And if you look at the annual financial report of Future Power Industries (the power generation company after the spin-off of Hong Kong Electric), the net profit for the year is almost 8 billion Hong Kong dollars.

The two seem to be similar, but in fact they are not. The reason why the profits of the electric energy industry are so high is because after Li Ka-shing took over HK Electric, he raised the price seven times in a row in 10 years. In 2009, the electricity price in Hong Kong Island 1.19 yuan/degree, while the entire Kowloon opposite is only 0.88. For this reason, Lao Li was scolded as a vampire by countless people in Xiangjiang. This choice was somewhat entangled between net profit and reputation.

"Xu Sheng is really willing to give up." Bao Yugang was obviously very moved, but in the end he refused: "Harbour City is not for sale, but if Xu Sheng is really interested in selling Hong Kong Electric's power generation business, the price can be negotiated."

Xu Zhi shrugged and said, "That's right. It's too early to say this now. Let's wait until Bao Sheng actually takes over the Wharf and then we can discuss it."