Reborn Tycoon Rise

Hong Kong Central, Prince's Building, Global Shipping Headquarters.

Bao Yugang met Zhang Yuliang who came to visit.

"Sheng Bao, I think you already know about Hutchison Whampoa's announcement yesterday about the acquisition of Wheelock shares, right?" Zhang Yuliang came up and went straight to the topic. At this time, the outside was already bustling, and if you were late, you might suffer heavy losses.

"Of course I know." Bao Yugang had naturally guessed that Zhang Yuliang was looking for him for this matter.

Zhang Yuliang said: "Sheng Bao, I know you have a good personal relationship with Xu Sheng, so I hope Mr. Bao can give me a message."

Bao Yugang frowned, but quickly returned to normal and said, "What are you talking about?"

"I hope Hutchison Whampoa can give up the plan to acquire Wheelock. As long as Xu Sheng is willing, I can acquire Hutchison's Wheelock shares at a higher price!" Zhang Yuliang said tentatively.

"I can't help with this matter." Bao Yugang objected directly: "Zhang Sheng, we have known each other for so many years. I might as well tell you that my relationship with Xu Zhi is indeed okay, but we have never participated in each other's affairs. business investment.

And the high-price recycling you mentioned is a joke. Hutchison is short of money or Xu Zhi is short of money? Do you care about this? If Xu Zhi also offered to buy your shares at a higher price, would you agree? "

Zhang Yuliang suddenly smiled and said: "If the price is okay, it's not non-negotiable!"

"You..." Bao Yugang shook his head and smiled, and understood: "It turns out that you have this purpose, you want to sell the stocks in your hands at a good price, but you don't want to go directly to Xu Zhi, because that would , you are at a disadvantage in the price negotiation, so I hope I can pull the strings, because of my relationship, Xu Zhi will not be able to lower the price too hard."

"Bao Sheng is indeed smart enough. I do have this idea." Zhang Yuliang smiled: "But if I say that I can transfer the stocks in my hand to you, what do you think?"

"Transfer the stocks to me?" Bao Yugang was very surprised.

Zhang Yuliang nodded and said: "Yes, Wheelock's business structure is highly complementary to Global International and Wharf. Otherwise, Mr. Bao wouldn't have been secretly acquiring Wheelock's stocks these years, right?"

"You know quite a lot." Bao Yugang chuckled softly.

"Sheng Bao, it's because of George Madden that you haven't done anything to Wheelock over the years. We Chinese value loyalty. I understand your thoughts, but because of this, you have missed the best time for expansion. Now John Madden has sold all his shares, your worries have disappeared, and our Zhang family has 25% of the voting rights, plus the stocks in your hands, it is enough for you to control the entire Wheelock."

It turns out that in the early 1950s, when Bao Yugang first started his business, Wheelock was already one of the giants in the shipping industry. When global shipping was just developing, George Madden, Wheelock's then chief executive, was very impressed by Bao Yugang. The two sides cooperated many times from the 1950s to the 1960s. Global Shipping was able to expand rapidly, and Wheelock's help was also extremely important.

As early as last year when Wheelock reported continuous losses, some analysts in the market concluded that Wharf was very likely to take the opportunity to acquire Wheelock because the two businesses were similar. The acquisition of Wheelock could make up for some shortcomings in Wharf's business. , and it has been several years since the Bao family acquired Wharf, and they have already been recuperating. At the same time, the global shipping crisis has not affected the Bao family's wealth at all.

Bao Yugang also had this plan, but because of his deep connection with the Madden family, he never took action and was only secretly absorbing some shares of Wheelock.

"You are right. Once you sell your shares to me, I will indeed immediately own more than 34% of Wharf's shares, approaching the critical point of triggering a comprehensive acquisition invitation." Bao Yugang said: "If the other party is an ordinary person, Of course I'm not afraid, but you should also know Hutchison Whampoa's financial strength. If Hutchison Whampoa continues to make acquisitions and insists on triggering a comprehensive acquisition invitation, then it will become a real head-to-head confrontation. This kind of meaningless thing, I can't Don’t want to participate.”

Zhang Yuliang shook his head and smiled: "Sheng Bao, we now own close to 35% of the equity, and Hutchison Whampoa only has 13.5%. No matter how rich they are, it will take time to acquire 35%, and within this period of time, we will also We can work hard to increase the shareholding to 50%. In this way, even if Hutchison acquires 35% of Wheelock's shares, it will not be able to recover."

According to Hong Kong law, a general acquisition invitation will be triggered when the acquirer reaches 35% of the shares, but this is not mandatory for all shareholders. In other words, shareholders can refuse the acquisition invitation.

And if the two parties reach 35% of the share at the same time, trigger the acquisition invitation at the same time, and do not agree to sell their shares to the other party, it will form a dilemma. Both parties will fail in the acquisition, and no one can do anything about the other.

After that, according to the proportion, whoever has more shares will have the final say in the company. Once one party controls 50%, it is naturally impossible for the other party to obtain more equity.

Bao Yugang smiled: "You have a good idea, but you have forgotten one thing. Maybe I can control Wheelock by doing this, but like Huang, I can get two board seats and a veto power. This will not affect Wheelock." There is nothing good about Defeng's operation.

Moreover, if I do this, I will still have conflicts with Xu Zhi, which is not worth it! "

"I am very aware of Bao Sheng's concerns." Zhang Yuliang said: "In fact, we don't really need to do this, but put on this air and bring Hutchison to the negotiating table. Everyone gets what they need. In this way Isn’t it better?”

"What you said is feasible, but Zhang Sheng, what is your purpose for doing this?" Bao Yugang looked directly at Zhang Yuliang and asked: "What price can I offer? I think He Huang can also offer it!"

A year ago, Hutchison Whampoa returned to Hong Kong with astonishing profits of more than 10 billion Hong Kong dollars, which shocked all Hong Kong's rich people. In terms of financial resources, except for banks like HSBC and Hang Seng, among the current listed companies in Hong Kong, there is probably no cash flow that can match it. Hutchison.

"Bao Sheng probably wouldn't believe it, I just don't want to accept it!" Zhang Yuliang said with a smile and shook his head.

Bao Yugang nodded: "You are so unwilling to give in. Although I think it is meaningless, I still respect your idea, but I don't want to get involved."

"Sheng Bao, Xu Zhi has expanded in Hong Kong more than anyone in history over the years, and the Whampoa Plaza he built in Hung Hom has a business model that he learned from Harbor City, a subsidiary of Wharf. Once it really succeeds, I'm afraid It will also affect Wharf!" Zhang Yuliang said thoughtfully.

Bao Yugang shook his head and smiled: "You don't need to irritate me. There are so many shopping malls in Hong Kong. Every one of them is a competitor of Harbor City. Moreover, Harbor City is in Kowloon and Whampoa Plaza is in Hung Hom. The distance between them is more than 5 kilometers. If they are connected If this is considered competition, then Harbor City is a failure!"

"Okay, let's talk about Wheelock. Mr. Bao, although Wheelock is far inferior to Jardine, Hutchison, and Swire in the past, there are so many high-quality assets in it. You should be very clear that these are very important to today's Wheelock. For Huang, it’s just the icing on the cake, but for Wharf, it’s of great significance, right?”

Bao Yugang frowned and said it was wrong to say that he was attracted by Wheelock. That was a lie. In Hong Kong today, even after two years of real estate crisis, most high-quality land is still difficult to obtain. Just like Xu Zhi has With money, they can only control many Central buildings through acquiring land.

As for the remaining two major foreign companies, Swire is a family business with a controlling stake of more than 50%. Outsiders have no chance to get involved. Wheelock, the only one left, although the current economic difficulties are present, as long as it survives the current financial problems, then Huge returns could come soon in the future.

It's just that if you really get involved, this business is really not easy to do.

"At what price are you going to sell Wheelock shares?" After thinking for a moment, Bao Yugang finally decided to buy it first. If it didn't work out, he could sell it to Hutchison Whampoa at a higher price and earn an interest rate difference.

…

PS: This book is coming to an end, so whether you like it or not, it can come to an end!