The birth of the Hong Kong Island family

Wednesday, October 25th.

In the evening, Lin Zhichao did not go home after get off work. He made an appointment with Zhao Yazhi today. Since I just got it, I have to accompany him twice a week to be reasonable, mainly because Lin Zhichao is in high spirits.

We drove to the Mid-Levels mansion in Causeway Bay and walked towards the top floor.

Victoria Harbor Real Estate has two luxury buildings, one is a mid-level luxury building on Tai Hang Road in Causeway Bay, and the other is a mid-level luxury building on Conduit Road. Both have public facilities such as clubs, tennis courts, and swimming pools. Almost all of them cost 120~ There are just over 150 residential units, each ranging from 1,200 to 2,500 square feet.

Of course, the mid-level mansions on Tai Hang Road, Causeway Bay, are of a slightly lower grade; while the mid-level mansions on Conduit Road were built after merging the western-style mansions where Lin Chi-chao lived in his early years.

The place where Zhao Yazhi was arranged was the house where Sayuri Yoshinaga was originally arranged, and they would not consider giving it away. It's easy not to give Zhao Yazhi the property. Anyway, I am making money for her. I can buy it myself later and feel a sense of accomplishment.

"Super Brother"

Seeing Lin Zhichao pushing open the door and entering, Zhao Yazhi rushed forward happily.

"Change my shoes first"

"Um"

With the woman waiting on him, Lin Zhichao put on his slippers, took off his coat, and walked to the restaurant.

"I've prepared dinner, including packed food and some cooked by me. Brother Chao, go wash your hands and then you can eat." Zhao Yazhi said as if offering a treasure.

"Then you have to try the craftsmanship today. If you don't do it well, you have to fight PP!" Lin Zhichao said with a smile.

He has already relaxed and become ordinary, and he also speaks vulgar words.

"Well, you can do whatever you want!" Zhao Yazhi shyly pushed Lin Zhichao towards the bathroom.

After a while, Lin Zhichao came to the restaurant and had dinner with the beauty.

It can be seen that Zhao Yazhi prepared it very carefully, combining meat and vegetables.

"I packed the lobster, sea cucumber, and abalone from the restaurant, and I made the rest." Zhao Yazhi said happily.

Lin Zhichao looked at it and said with a smile: "Do you know why you like to eat lobster, sea cucumber, and abalone?"

Zhao Yazhi was shy for a moment, and then said in a low voice: "I heard from others that these things can make men take a lot of supplements. Does it mean that Brother Chao also needs a lot of supplements?" After asking, he added: "You are so good at that. , I will beg you for mercy every time, and you can do it with ease."

Lin Zhichao's greatest skill is to fight one against three without losing. Therefore, although Zhao Yazhi is a woman, her martial arts skills are not perfect after all. Of course, Lin Zhichao can still do it with ease and ease.

"I don't just work at your place during the week, it's almost the same as going to work!"

Zhao Yazhi was stunned, then lowered his head and said: "Brother Chao is so awesome!"

Lin Zhichao said calmly: "It's good to know! Then let's eat, you come over and wait on me."

Zhao Yazhi happily sat next to Lin Zhichao from the opposite side, poured wine, fed him, and did not forget to wipe him.

This is real life!

"By the way, Brother Chao. Today the milk company's stock soared by HK$14, and at the close of the market the stock price was as high as HK$137. The market value of the HK$2 million we invested has reached HK$2.55 million, an increase of 28%!" Zhao Yazhi suddenly said excitedly .

Her eyes were all sparkling, and women really couldn't escape the fate of loving money. Especially in the social atmosphere of Hong Kong, rich men can really do whatever they want. Of course, women are also willing to bend for money.

Of course, Lin Zhichao is more confident in his own charm, so he is not just rich and multi-millionaire.

After listening to Zhao Yazhi's words, Lin Zhichao immediately became alert.

"The water suddenly rose by 11%. It was obvious that something was abnormal."

Zhao Yazhi immediately said nervously: "Should we throw it away tomorrow?"

Lin Zhichao was stunned, and then said angrily: "What are you talking about! If you sell it tomorrow, you will lose at least one million Hong Kong dollars. Let me tell you this, today's sudden surge for no reason means that good news is about to happen to the milk company, some Insiders have bought in early, which is causing the stock to rise.”

Zhao Yazhi suddenly said coquettishly: "I don't understand stocks, and besides, I don't have you!"

Lin Zhichao smiled and said: "It's good to know. From now on, my words will be the imperial decree. You can't decide any investment matters without authorization. You need to consult me."

Zhao Yazhi nodded like a chicken pecking at rice and said, "I promise!"

After drinking and eating, Zhao Yazhi was about to clean up the mess when she felt a man crawling up her thigh from the inside. She deliberately continued to clear the table. She already knew some of the men's hobbies.

"We're going to check carefully today. Is it big there?"

Zhao Yazhi turned her head and said happily: "It's really getting bigger!"

It has only been three months, and the effect is already obvious. It seems that the earlier the age, the better the effect.

"Then let me check first!"

"No! I still need to clean up!"

Soon, the two of them made the room even more messy.

The next day.

The media in Hong Kong did not report on the abnormalities of the dairy company and the real estate company, which can be described as a slow response. Of course, the stock market was hot at this time, and all this seemed to make sense.

Lin Zhichao no longer expects to gain extra gains in this "land milk war" - to win the milk company. He only plans to cash out part of Victoria Harbor Real Estate's 5% milk stock and 3% land stock at high prices.

As for the part that is too late to be cashed out, we can only cash out the land stocks next year.

A new week begins.

On the morning of Monday (10.30), Land published an advertisement in the newspaper: It proposed to exchange every two shares of Land shares worth 94 yuan at the market close on October 27 for one milk stock worth 135 yuan in the hands of shareholders of the dairy company. The deadline for stock exchange is for November 29th.

The entire acquisition involved no cash use. Land Company said that the shares in the hands of Dairy Milk shareholders will appreciate to 94×2 equal to 188 yuan, an increase of about 40%. It also said that after the acquisition, the Dairy Milk Company will receive strong support from the parent company, allowing it to develop rapidly, etc.

As soon as the stock market opened that day, Milk's stock price opened at a high price of 188 yuan and closed at a high price of 196 yuan, a 45% increase from the closing price of 135 yuan on the 27th; Land's stock price also rose to 104 yuan, an increase of 10 yuan. , an increase of about 11%. The entire stock market suddenly became extremely boiling, leaving investors who had not experienced a takeover war at this time dumbfounded and quickly turning crazy.

The Hang Seng Index even exceeded the all-time high of 650 points, nearly doubling from 340 points at the beginning of the year. The trading volume that day hit a record high, reaching HK$484 million.

Dairy Company.

Zhou Xinian was in the conference room, having a meeting with executive director and general manager Ke Lun, director Qi Dezun and others.

First of all, Zhou Xinian said scornfully: "I think there is no possibility that Land will acquire the milk company in a hostile manner without using any cash. If we respond immediately, it will look like we are lagging behind."

His attitude said it all, he was still arrogant.

Qi Dezun also expressed his position: "I am firmly opposed to Land's acquisition of the dairy company, especially this kind of hostile acquisition, which will cause adverse reactions to the entire stock market. Moreover, the acquisition without using cash is playing a numbers game, which will harm the interests of our shareholders." rights and interests."

Hutchison Company is a shareholder of the Dairy Company, but it only holds about 2% of the shares. Qi Dezun is indeed a director of the Dairy Company. He opposed Land's acquisition of the milk company. In addition to his own interests, he also did not want the British-owned Jardine Matheson Group to become too large.

For a time, everyone underestimated the enemy and believed that Land Land could not succeed.

Therefore, the meeting decided not to hire an investment consultant for the time being and not to respond.

At the end of the meeting, Zhou Xinian said with emotion: "Actually, two months ago, another person came to me, and he was also interested in the land of the Milk Company, hoping to cooperate. And he even asserted that there are more than just people who are interested in the Milk Company. He is one person, and Real Estate is also included in this list. I didn’t believe it at the time, but now I am really convinced by what he said.”

Qi Dezun reacted the fastest and said, "Is it Lin Zhichao?"

Cheung Kong Group and Land Corporation are the first and second largest real estate companies in Hong Kong by market value, and are also the most powerful companies to acquire milk companies.

Zhou Xinian nodded and said, "Yes, it's Lin Zhichao."

Everyone secretly marveled that this legendary tycoon really had the foresight to say that Land Land would take action, and as expected he took action.

Qi Dezun asked: "Has Sir Zhou ever thought about cooperating with him to develop real estate?"

Zhou Xinian shook his head and said: "We can't cooperate with him! If we cooperate with such a large enterprise, the profit will be 50-50% at most, and we will suffer a great loss. What's more, the milk company has stable profits, so we can postpone the consideration of real estate development."

He is very wary of large real estate companies. In the 1950s, he was still obsessed with officialdom and was willing to cooperate with a piece of land. But now that he has withdrawn from officialdom, he naturally talks about business and lets others share 50% of the profits. This is unacceptable. After all, he is familiar with the empty-handed tricks of real estate companies.

The meeting quickly accepted that Zhou Xinian did not take Land's acquisition to heart.

Little did he know that Landmark would soon start to spread advertisements in the media, and he would soon be passive in response.

Lin Zhichao came to the Victoria Harbor Real Estate office, also located in Global Building, and recruited deputy general manager Chen Zhiyuan.

"After the Dairy Farm stock reaches HK$200 per share, you sell 0.3% (approximately 10,500 shares) of the total shares of the Dairy Company every day; if Land Land reaches HK$100 per share, you sell 0.15% of the selling funds every day. Buy newly listed Chinese-owned real estate companies, such as stocks of Chinese-owned real estate companies that are about to be listed."

The market outlook of these two companies has no future, so it is natural to sell them.

On the contrary, the stocks of newly listed Chinese-owned real estate companies can grow faster.

After Chen Zhiyuan wrote it down in his brain, he said: "Well, I understand!"

At this time, the market value of the stocks held by Victoria Harbor Real Estate has reached more than 600 million.

If this trend continues, the funds finally cashed out will definitely exceed HK$1 billion.

Lin Zhichao plans to cash out his stocks in batches when the Hang Seng Index reaches 1,100 points, which should be enough time.

Next, Lin Zhichao said: "The land at Raffles City will be developed by Cheung Kong Group, but we have two buildings to be built on both sides of it. Therefore, you will participate in the entire project; in the later period, you will be the two partners of Victoria Harbor Real Estate. During the construction of this building, people from Cheung Kong Group were also involved.”

Chen Zhiyuan said quickly: "I know that we are already communicating with Xiao Linsheng, and we must cooperate and communicate with each other."

He was less qualified and was only forty years old this year, so he called Lin Ruihuan 'Xiao Linsheng', and Lin Ruihuan also called him 'Manager Chen'.

Regarding the planning of the naval dock, Chen Zhiyuan had been involved in it very early and knew a lot.

Currently, there are plans for a Raffles City Plaza, two commercial buildings, and Yangtze River Plaza (shopping mall + four buildings) on the former site of the Navy Dockyard.

Among them, the land at Raffles City and Yangtze River Plaza will be sold to Cheung Kong Holdings for gradual development.

In the following days, the milk company and the real estate company took turns to stage advertising exhibitions and psychological warfare:

On November 1, the newspaper published a report saying that the Milky Way board of directors had not yet held a meeting to study the relevant acquisition proposals. Land Chairman Henry Keswick paid a visit to Dairy Milk Chairman Sir Sir Alex Chow late last week to discuss the acquisition. Keswick expressed his sincerity in the acquisition and believed that developing the remaining milk land would be of great benefit to both shareholders. Keswick also praised Zhou Xinian for being highly respected and hoped that after the successful acquisition, Sir Zhou could continue to serve as chairman, while he would occupy the deputy position. But Zhou was unmoved.

On November 3, the Board of Directors of Dairy Milk issued a news statement: It announced that it would continue to hire the internationally renowned financial company - Luo Fuqi and Sons (London) Co., Ltd. as a financial consultant. The next day, Dairy Milk and Luo Fuqi published a full-page advertisement in Sing Tao Daily, calling on shareholders to make careful decisions and wait for further notice from the board of directors. At the same time, it was reported that Dairy Milk’s executive director Curran (general manager) had returned to Hong Kong in a hurry. Both sides were sharpening their swords and preparing for a head-on fight.

On November 8, Dairy Milk published an advertisement, clearly expressing its rejection of Land's acquisition plan and continuing to appeal to shareholders not to accept Land's acquisition proposal. Land reacted quickly and took over the move. At 11 a.m. on the same day, Jardine Fuhe and Dolly came forward to hold a press conference in the Land Company's boardroom in Gloucester Street to announce the acquisition and urge the new shareholders of Dairy Milk to hurry up. For transfer of ownership, the acquirer must register at the "Central Registration Office" on Pedder Street before November 29.

Milk resisted and Land launched a fierce attack. The stock market reacted immediately. It was rumored that Land offered more attractive acquisition conditions in order to win. The stock market instantly went crazy. Milk stocks soared into the sky, while Land stocks "tightened the tail of the bull and rose to the sky." In an instant, the general market also rose, with the Hang Seng Index breaking through the 700-point mark. Hong Kong and Kowloon were shocked by this, and investors who wanted to enter the market came in droves.

Milk fought back again and held a press conference on the evening of November 9. In addition to the important figures of the dairy company, Sir Chow Tinian, executive director Curran, and director Sir Sir Peter Clark, Madden, chairman of Wheelock \u0026 Company, was specially invited to attend. Li Zhu, chief director of Luo Fuqi Company, put forward three major reasons for opposing the acquisition on behalf of the Milk Board:

First of all: in 1972, the dividend per share of Dairy Milk was HK$3, and the total dividend of Land and Land was only HK$2.4. There was a huge disparity; if Dairy Farm accepted the takeover, it would be detrimental to the interests of shareholders. Secondly, in 1972, Dairy Milk's earnings per share were HK$3.65, while Land and Land's two shares combined earned HK$2.58. Luo Fuqi has handled many share exchange agreements around the world, and he can only refuse such acquisitions that harm the interests of the other party's shareholders.

Again: Dairy Milk has an outstanding reputation and strong strength, and can protect the interests of shareholders. , Li Zhu confidently stated that Land will not succeed. Madden, chairman of Wheelock and Company, and Qi Dezun, chairman of Hutchison Company, did not speak; there is no doubt that they are on the side of the dairy company.

On November 10, Hong Kong residents were "shocked" by the milk advertisement in the newspaper. Milk's board of directors announced that it would split its shares into five shares and give one bonus share for every new share. In this way, each existing stock will become 10 new shares, and it will also announce a 67% increase in expected dividends per share for the year.

Cheung Kong Holdings.

After Lin Zhichao hung up the phone, he couldn't help but feel envious. Why was he not the protagonist in this takeover battle?

But soon, Lin Zhichao gave up the idea. It would be better for him not to be the protagonist now. There are three reasons:

First, it cannot arouse the vigilance of the Jardine Matheson Group. After all, they still hold a large number of Wharf Group shares. If they do not actively dilute it, it will be very difficult for Lin Zhichao to acquire it.

Second, today the British capital has started a hostile takeover. Then one day the Chinese capital will acquire the British capital, which is natural and righteous.

Third, Lin Zhichao does not have to own the property of Dairy Milk, so it is better not to act rashly.

Chen Zhiyuan, who just bought a property in Victoria Harbor, called and reported on the situation of the exchange:

Like a thermometer dropped into a brazier, as soon as the stock market opened today (November 10), milk stocks skyrocketed like a hot thermometer, reaching as high as HK$290.

The company's earnings per share are only HK$3.65, its price-to-earnings ratio is as high as 73 times, and its full-year dividend rate is only 1.1%. Stock investors have a fever and have gone crazy.

Land stocks once again "tightened their bull tail and rose to the sky" and were speculated to a new historical peak of 127 Hong Kong dollars. The price-to-earnings ratio was as high as 98 times. In fact, the annual interest rate was less than 1%.

At this time, the market was not alert. People only looked up at the gorgeous golden roof of the castle in the sky, but they did not know that the castle was actually supported by a reed pole. For stock traders, what they look forward to is madness and what they fear is calmness. There are countless people who have profited from it; then, there are even more countless people who have suffered losses.

Lin Zhichao stretched, then called Zhao Yazhi's office and asked her to have lunch.

In fact, he was going to ask Zhao Yazhi to short the milk company's stock this afternoon. As for the stocks held by Lin Zhichao, they have been selling, but the action is relatively light.

Zhao Yazhi's investment company, Delta Investment, invested 2 million Hong Kong dollars to buy a milk company this time. The cost was only 107 Hong Kong dollars per share. Now it has risen to 260~290 Hong Kong dollars per share (unstable), which is equivalent to cashing out about 500. Ten thousand Hong Kong dollars, which can be said to be a huge profit of about three million Hong Kong dollars.

As for Lin Zhichao's stock, I bought it too early and made about 20 times the profit.

noon.

During the meal, Zhao Yazhi's face was full of surprises, and she was almost tired of being in Lin Zhichao's arms in public.

In recent months, Lin Zhichao and her had been having a heated relationship, and their relationship was getting better and better.

Of course, Lin Zhichao is worried that the freshness will wear off easily, so he will not meet her more than twice a week; he only hopes that he will fill in with a top beauty next year, which can relieve aesthetic fatigue.

"When the market opens in the afternoon, sell all milk stocks. Regardless of whether the price rises or falls, sell them immediately!" Lin Zhichao said directly.

Zhao Yazhi nodded quickly and said: "Well, actually, I couldn't help but think about it a long time ago, but I listened to you the most and didn't touch a piece of it. Fortunately, I listened to you, otherwise I wouldn't have made so much money."

Lin Zhichao laughed and said: "Then it's not a matter of making more or less, it's going to be a big deal!"

Zhao Yazhi said quickly: "I'm obedient! It's just that sometimes I haven't seen so much money and my mind is wandering."

She understood that Lin Zhichao meant that his authority could not be challenged, so she quickly explained.

Lin Zhichao said: "No need to explain, no woman dares to go against my wishes, let alone you!"

Such a confident man, Zhao Yazhi was fascinated by him.

"Ahem, eat quickly and then contact your securities broker."

"Uh-huh"

Unknowingly, Lin Zhichao developed a 'money addict', mainly because money games are so fun.

If you give money directly, you will not experience this kind of fun at all.