Reborn Xiangjiang Tycoon Growth

Chapter 274 Wharf Battle 1

Originally this was a very happy thing. Bao Yugang, Dong Haoyun and Huo Yingdong were all excited when they heard that the deal was concluded. Bao Zixuan only used a pile of soil to exchange for so much industrial equipment. It seems that the value of this soil is really incredible. The Germans are not fools. They must have decided to exchange after seeing the important value in it. This makes the three of them very optimistic about the future of Baohuodong Company, and the future must be bright.

Bao Yugang came to the UK after successfully negotiating the loan with Shen Bi. This time he wanted to inspect his subsidiaries in the UK and order several cargo ships. Trading with the Germans requires a lot of shipping capacity, which is the two major shipping kings. Even if we join forces, we may not be able to adjust. I was always in a good mood while in the UK, but the good mood did not last long. Something happened over there in Xiangjiang. It could be said that there was a fire in the backyard.

The story takes place in the late 1970s and early 1980s. The protagonists are all famous tycoons at that time. The male lead, Bao Yugang, is the world's shipping king and one of the most outstanding tycoons in Hong Kong. In 1978, he ranked first among the top ten shipping kings in the world. The first Chinese director to join the British-owned HSBC Bank. He was knighted by the Queen of England in 1976. The second male number is Jardine Matheson, one of the four major foreign banks in Hong Kong. The third male number is Li Chaoren.

1: Story background

Before the big drama, let’s first explain the background.

Let’s talk about Lord Bao first. He was born in a merchant family in 1918. His father, Bao Zhaolong, has been doing business in Hankou all year round. When he was 13 years old, Lord Bao studied in Shanghai and entered Wusong Merchant Marine College to study shipbuilding, which was a popular major at the time. After the outbreak of the Anti-Japanese War, he moved to Chongqing. , went to work as a clerk in a bank. In 1938, he returned to Shanghai to work in the insurance department of the Central Trust Bureau. From an ordinary clerk to the vice president of Shanghai Bank, his future was bright. In 1949, the sun and the moon changed. Sir Alex and his father brought With hundreds of thousands of yuan saved, he went to Xiangjiang to start a new career in the world.

The Duke, who had just arrived in Xiangjiang, started a small business and saved some money. The Duke was from Ninghai and grew up by the sea. He was deeply in love with the sea and proposed to engage in shipping. Although his parents opposed it, the Duke was determined. When I didn't have enough money, my friends came to help me. I spent 700,000 US dollars and went to England to buy an old cargo ship. I brought it back and renovated it, named it "Jin'an", and started shipping! In 1955, the Global Shipping Group was established.

At that time, the shipping industry generally adopted the short-term lease method, which was settled once per voyage, with high charges and the price could be raised at any time. Sir Alex Ferguson was unique and adopted the long-term lease method, leasing the ship to others in installments of 3, 5 or even 10 years, on a monthly basis. Collecting rent. Although this method has low rent, it has low risk and stable cash flow. Relying on the stable business model, Sir Alex has become increasingly prosperous, with abundant financial resources and great reputation. He has become the leader of Chinese businessmen and the world's number one shipping company.

But flowers never bloom. In the 1970s, due to the Fourth Middle East War and the civil strife in Iran, two oil crises occurred. Western gentlemen began to dig oil fields in the country. The European North Sea oil fields and the American Texas oil fields began to produce oil. In the early 1970s, rb Stocking up on oil. In the late 1970s, there was a lot of money, and oil imports began to be drastically reduced. The shipping industry was greatly affected. Sir Alex's business had been ups and downs for decades. He was an old driver. When he saw that something was wrong, he immediately began to withdraw. In the late 1970s, the shipping industry In the early days of the industry depression, Sir Alex resolutely sold the oil tankers in his hands at a significantly low price, and quickly rushed to the beach before the huge waves of the ship disaster hit, and prepared to land.

Let’s talk about Wharf. The history of Wharf can be traced back to 1871. The British businessman Paul Standard Chartered founded the Hong Kong Terminals and Warehouse Company in Hong Kong. Due to land restrictions in Wan Chai, it moved to the west side of Tsim Sha Tsui, Kowloon in 1875, and was later renamed Hong Kong Kowloon Pier and

Warehouse Co., Ltd., referred to as Wharf. In addition to the founder, the major shareholders include Jardine Matheson and other major foreign companies. After Standard Chartered was listed, Wharf fell into the hands of the Keswick family of Jardine Matheson.

The first person to come out with a horse and a sword was Li Chaoren.

It is said that Li Chaoren coveted Wharf, so he first sent people to spy on the enemy. The spies reported that the Jardine Group held less than 20% of the shares in Wharf. As long as they secretly acquired 20 shares of Wharf, they could start a war with Jardine.

.At that time, Wharf issued less than 100 million shares, and the market value per share was always between HK13 and HK14.

It was a penny stock on the Hong Kong Stock Exchange. By the beginning of 1978, the market value did not exceed HK$1.4 billion. Considering the large area of ​​​​the Wharf Wharf and scattered properties, the value could have doubled at least several times, which was obviously underestimated. So Li Chaoren

A number of black disks were set up, they were absorbed quietly, and they quietly trickled into the village without firing a gun.

But for this kind of penny stock, Li Chaoren's buying was still very obvious. Wharf's trading volume began to rise sharply, and professional speculators with keen sense of smell began to move out. For a time, there was a loud killing. By March 1978,

Wharf

The stock price jumped to an all-time high of 46 yuan per share. At this time, Li Chaoren's position was less than 20 million shares. He felt that the stock price was too high, so he paused for a while, and then increased his holdings of Wharf to 46 yuan per share at a slightly lower price.

20% level.

At this time, all fools knew that someone was going to take over the Wharf, not to mention an experienced driver like Yihe. If Li Chaoren wanted to take over the Wharf, he had no choice but to take the bow. But although Superman was a local tycoon at that time, he was not particularly rich, and ammunition was not

It is extremely sufficient, and the opponent is not a good opponent. They are a well-established foreign company after all. If the opponent organizes a counterattack with firepower, Li Chaoren will lose all his previous efforts. Therefore, it is still very difficult for Li Chaoren to take over the Wharf.

Let’s look at Jardine. Can you just stare at someone who is trying to trick you? Tsk! The Jardines department has begun to copy people and go to the market to purchase the shares held by retail investors at high prices in order to strengthen its control over Wharf. Overlord! Jardines

cash reserves are also

Insufficient, unable to increase Wharf shares to an absolutely safe level, in desperation, he went to the British-owned HSBC Bank, Hong Kong's largest consortium, to move troops. It is said that the head of HSBC, Shen Bi, personally intervened and advised Li Chaoren to give up the acquisition of Wharf.

Li Chaoren is a shrewd man and believes that it is not appropriate to make enemies with Jardine and HSBC at the same time. The future development of Yangtze River Holdings will also rely on the support of HSBC. If HSBC loses face, HSBC loans support Jardine and eats up Wharf. There will be no chance. Balance.

Regardless of the severity, Li Chaoren finally agreed to Shen Bi to stop acquiring Wharf shares. At this time, Li Chaoren had acquired nearly 20 million shares. Is he the largest shareholder of Wharf? Li Chaoren was confused because Jardine has never disclosed the number of shares it increased.

.

After the last sneak attack on Wharf failed, Li Chaoren sold all his shares to Bao Yugang. Although it temporarily calmed Jardine Matheson's worries, the Keswick family was even more worried. After all, Bao Yugang's strength was now far greater than

Li Chaoren. It can be said that they drove away the tiger, but attracted the lion. However, they could only endure it until there was no better way.

This is because Bao Yugang had just come forward to borrow so much money from HSBC. Even if Shen Bi had a good relationship with him, he would not be able to favor him without a bottom line. No matter how big a person's ability is, his credit limit is limited.

In fact, according to the original script, the battle for the "Wharf" in Hong Kong was the acquisition of Wharf by Sir Yukang Bao. It started on June 19, 1980 and ended on June 25 of that year. Wharf belongs to the British-owned Jardine Matheson Group, 70 In Hong Kong in the 1970s, Chinese capital's financial resources were weak. Jardine Matheson controlled the company by holding only 5% of Wharf's shares. As land prices in Hong Kong rose, the strength of Chinese real estate increased rapidly. In September 1978, Chinese capital Bao Yugang The family already owned 20% of the Wharf shares, and he joined the Wharf board of directors as a major shareholder. British capital was unwilling to have its position threatened. In December 1978, Jardine Matheson Land Company's holdings of Wharf shares increased to 20%, and the number was equal to Bao Yugang approached. This equity control war lasted for nearly two years, and finally broke out in a thrilling equity grab in 1980.

On June 19, 1980, Land announced the purchase of additional Wharf shares, on the condition that Land shares and a bond were exchanged for Wharf shares, that is, a price of about $100 was exchanged for a share of Wharf stock with a market price of $77. Bao Yu The Gang family immediately counterattacked. On June 22, Bao Yugang announced that he would purchase 20 million Wharf shares in the market for 105 yuan in cash per share. In this way, the Bao Yugang family's shareholding in Wharf would increase to 49%. , the entire operation will cost 2.2 billion Hong Kong dollars. In just a few hours the next day, Pao Yugang completed the acquisition of 20 million shares of Wharf. Land Company took the opportunity to sell 10 million shares of Wharf to Pao Yugang The shares are valued at HK$1.00005 billion. At this point, the Chinese-owned Bao Yugang family has obtained a controlling stake in Wharf.

But now Bao Yugang has already looked for Shen Bi once for Baohuodong Mining Company. If he is looking for him, no matter how generous he is, it may not work. So when Bao Yugang received the news, he didn't know what to do for a while.

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