The birth of the Hong Kong Island family

Shen Bi from HSBC came to Lin Zhichao's office.

At this time, Shen Bi is already the vice chairman of the board of directors of HSBC Group and the general manager of HSBC Bank, while Sandus will retire next year. So in fact, Shen Bi is already the actual leader of HSBC.

The two were sitting on the sofa drinking tea. The relationship between the two was good. Shen Bi also knew that HSBC's investment in Lin Zhichao was the greatest political achievement of his predecessor. Although he has taken office, HSBC is still deeply involved with Lin Zhichao. Currently, HSBC bank invests in Lin Zhichao every year. 15~20% of profits come from companies that cooperate with both parties.

"Mr. Lin, I heard that you invested US$350 million in an office building in Manhattan at the end of last year. Regarding this, I hope you can tell me whether there is a possibility of changes in shipping and the reliability of the Universal Shipping lease. Shen Bi said seriously.

Universal Shipping has more than 6 million tons of oil tankers worth about US$500 million. HSBC holds 40% of the shares and is worth US$200 million, almost HK$1.2 billion.

With such huge assets, HSBC is naturally very concerned about Lin Zhichao's actions. This investment in Manhattan office buildings, HSBC is worried that it is caused by some kind of change.

Lin Zhichao said: "There is no problem with the reliability of the lease. We all signed long-term contracts. As for the changes in shipping, there is no obvious signal at the moment, so there is no problem. Don't worry, Mr. Shen, we are on the same ship. We are both prosperous and disadvantaged. We will all suffer losses, and I will take good care of Trans World Shipping.”

Shen Bi immediately felt relieved and said easily: "Thank you for letting me know!"

Universal Shipping is a joint venture between the two parties, but it is a non-listed company. HSBC can only audit the accounts. The specific business plans are all cooperated by Universal Group. In this way, HSBC will regularly communicate with Lin Zhichao about the situation and development of this company.

Lin Zhichao's words are correct. If Universal Group wants to go ashore, HSBC will certainly be willing to provide help, although Lin Zhichao won't need it. This is because the assets of World Shipping are very high. Once Lin Zhichao makes a mistake in his strategy, HSBC will also suffer losses.

Then, Shen Bi added, "There is one more thing to trouble Mr. Lin!"

Lin Zhichao nodded and said, "Please speak!"

Shen Bi said: "We at HSBC intend to rebuild the HSBC Building, and now we need a temporary headquarters. If the Chinese Bank Building owned by Cheung Kong Group is rebuilt immediately, we hope to rent it, but we hope to participate in some necessary design."

That’s what happened!

Lin Zhichao immediately said: "No problem, the Chinese Bank Building is outdated and the demolition project is already being prepared!"

Shen Bi said: "Thank you very much, Mr. Lin, you are our best partner at HSBC."

Just admit it!

In September last year, Hutchison Bank was on the verge of bankruptcy and required shareholders to issue rights issues. HSBC obtained 33% of the equity for 150 million. Adding the shares in hand, it may have reached more than 35%.

During that period, Lin Zhichao did not think it was an opportunity. This was because: Hutchison Matheson's management was all foreigners, and there were not many Chinese senior staff. Without one person's drastic reforms, Lin Zhichao would have to spend a lot of money to win it. Even just competing with foreign management is enough to consume too much of his energy.

Instead of doing this, it is better to let Weili tidy up first, and wait until the time is almost right before picking peaches.

Anyway, at this time, no one in Hong Kong except Lin Zhichao could do the job. As for Li Jiacheng, he could only be a small real estate developer at this time and could not compete at all.

After some communication between Lin Zhichao and Shen Bi, they decided to immediately demolish the Chinese People's Bank of China building and start construction of the 'New China People's Bank of China' building this year. In this way, the HSBC headquarters could be moved into the Chinese Bank of China Building in the late 1970s; subsequently, the HSBC Bank Building could also be demolished and rebuilt.

In the evening, Lin Zhichao came to the Minghui Garden in Repulse Bay and saw Zhao Yazhi dressed as a 'cook' coming to the door to greet him.

"Brother Chao, I'm preparing dinner for you!" Zhao Yazhi knelt down to change Lin Zhichao's slippers, not forgetting to show off.

Lin Zhichao smiled and said: "You are tempting enough now, I think I can eat you first for this dinner!"

It's really a different feeling for Zhao Yazhi at this time.

"Brother Chao, wait until I finish cooking. I finally showed off my performance, so just give me this chance!" Zhao Yazhi said coquettishly.

"Okay, but I want to watch you cook it and see how your cooking skills are!"

"Um"

Soon, the two moved to the kitchen, and Lin Zhichao admired Zhao Yazhi's cooking skills with great interest.

"When you look at me like this, I seem a little nervous!" Zhao Yazhi said softly.

A little nervous indeed.

"Just do it, if you have the heart, I already recognize your cooking skills!"

"Hehe, Brother Chao, you are always good at coaxing girls!"

Afterwards, Zhao Yazhi felt relieved and boldly showed off her cooking skills.

This is a mansion in Repulse Bay, with a large kitchen space and luxurious decoration.

Lin Zhichao gradually focused his attention on Zhao Yazhi. After being trained by him, this woman had a graceful figure, full curves, fruitful results, fair skin, delicate and delicate skin.

"Ah, Brother Chao, I'll be fine in a minute!" Zhao Yazhi said coquettishly.

She only felt that she was being held strongly by the man behind her, and her legs began to feel weak.

"Yazhi, do you want a child?"

Hearing this, Zhao Yazhi turned around and said quickly, regardless of the pot, "Brother Chao, can I do it?"

Her eyes were bright and shining, exuding a mysterious and charming temperament, and at this time, there was also some expectation.

During my four years with this man, I was sometimes on tenterhooks, fearing that he was just the target of being toyed with. Of course, she can also hold 20 million in assets, which is not considered nothing.

However, Zhao Yazhi knew that it would be difficult for her to leave this man because he was so fascinating to girls. Even if she is with him once a month, she can feel a strong dependence on him.

Therefore, what she hopes most in the past two years is to have two children, so that her status will be much more secure.

"Of course. I have already said that when the time comes, I will give you a child."

"Yeah, I want it so bad!"

Lin Zhichao smiled and turned off the gas fire, and then said in Zhao Yazhi's ear: "Then let's come now and eat together as a family later."

Zhao Yazhi blushed and said: "How could it be so fast! You know how to tease me!"

Later, Lin Zhichao gave full play to his true qualities as an old man, from the kitchen to the living room, then to the bedroom, and finally fulfilled Zhao Yazhi's wish.

Recently, he was influenced by his son Lin Ruijiang and felt that if he wanted to have more grandchildren, it would be better for him to continue making sons.

In fact, it is not that there is anything wrong with the beautiful female hotel staff Lin Ruijiang found, but Lin Zhichao discovered through investigation that the female staff is somewhat scheming; more importantly, although Lin Ruijiang is carefree, he does not have his father's ability to make women Very obedient.

Because of this, Lin Zhichao was worried that if Lin Ruijiang really let the female employee give birth to a child, very complicated situations would arise in the future. In fact, even if Lin Ruijiang found an artist and gave birth to a child like Li Zeji in his previous life, Lin Zhichao would accept it. The key is whether there is any "scheming" in it. The female hotel clerk was just scheming, which was something Lin Zhichao was afraid of.

The third child, Lin Ruihai, makes Lin Zhichao worry less. He got a girlfriend last year. The girl is from the University of Hong Kong and her parents are middle school teachers. Lin Ruihai knew what kind of girl his parents wanted him to find, so he was completely obedient and followed his parents' requirements to find the girl he liked.

The daughter-in-law that Lin Zhichao likes is actually very simple. The family does not need to be rich, but it must be a decent family. The girl must be clean and have no problem with her character.

Just one week later, Changshi Group and Yonggao Company sat together for negotiations again. This time Lin Zhichao attended the meeting in person.

Generally speaking, even if it is a business acquisition worth hundreds of millions, he will not personally come forward and leave it to his subordinates.

If you talk about it, you will do it; if you talk about it, you won't do it.

However, Yonggao Company is related to the headquarters building of Changshi Group, and the two bosses of the other party want to meet Lin Zhichao, so this time everyone sat together to discuss it in detail. In addition, accounting firms from both parties participated.

"Mr. Lin, how did you know that we were willing to sell Yonggao?" John Qiao asked curiously.

Lin Zhichao said with a smile: "We didn't know that you were willing to sell Yonggao. This acquisition is purely tentative. We like the land of Hilton Hotel, so we are willing to spend money to acquire it."

John Qiao and Alvin immediately understood that others looked down upon the Hilton Hotel and the Hyatt Regency Bali, and they were all looking at the 40,000-square-foot ‘One Queen’s Road’ site of the Hilton Hotel.

If they had known earlier, they would have simply bought the land and the value of it had increased tenfold in sixteen years.

In fact, this piece of land was not auctioned on official land that year, but was the result of a direct transaction between Yonggao Company and the Hong Kong government. Otherwise, Lin Zhichao would have won it no matter what. However, at that time, the Hong Kong government hoped to build a hotel on this land. If Lin Zhichao won it, he might not be able to build an office building, but it can definitely be changed now.

Next, Lin Zhichao took the initiative in the negotiation and said: "You are interested in selling, and we will buy in good faith. This is a very good trading opportunity." After saying that, he looked at the two American businessmen with a smile.

From the conversation just now, he already knew the willingness to sell Qiao John and Alvin, so now it is just a matter of price.

John Qiao said: "Mr. Lin is a cheerful person, but we hope the price will be more reasonable! The Hong Kong stock market is currently rising strongly, and our requirements are also relatively reasonable."

Lin Zhichao said with a smile: "It has been less than two years since the stock market crash. How can the Hong Kong stock market regain confidence so quickly? It is impossible to rise to 500 points this year, so a short-term rise cannot mean anything. Moreover, if we look at the stock market for this acquisition, Why do you two need to participate in negotiations? Just cash out from the stock market!"

With a premium of more than 30%, Yonggao Company will not be able to reach HK$11 per share even in three years.

The reason for the premium is due to the premium in asset value. For example, the land value of the Hilton Hotel will soon be worth almost 200 million Hong Kong dollars (in two or three years).

John Qiao and Alvin were stunned. They were indeed completely trapped in the stock market trap. After hearing what Lin Zhichao said, they began to worry about the possibility of the stock market falling again.

After calming the two of them, Lin Zhichao took the opportunity to say: "The premium is 35%. Based on the stock price of HK$8.6 the day before we started negotiations, it is HK$11.61 per share. This is our greatest sincerity."

John and Alvin began communicating with their accounting firm advisors.

"Deal, we are willing to make this deal!"

As Qiao John's cheerful voice sounded, representatives from both sides smiled.

Zhou Fuzhao and others couldn't help but admire the boss. Of course, they didn't admire the boss's bargaining skills, but they admired the boss's straightforwardness in doing things and how easy it was for his opponents to reach an agreement.

The price of 11.6 Hong Kong dollars per share is within the expected range of Cheung Kong Group, and there is even room for 0.4 Hong Kong dollars.

"Happy cooperation! Let's start signing the contract today and announce the good news to the Hong Kong media!"

"no problem!"

In the evening of the same day, Changshi Group and Meigao Company held a press conference to announce the acquisition invitation. Zhou Huaian, as the spokesperson of Cheung Kong Group, attended the press conference, and Li Yeguang of Wu Guan, Li \u0026 Luo Law Firm also attended the press conference.

"Excuse me, Zhou Sheng, will Changshi Group make a comprehensive invitation to acquire Yonggao Company?" The reporter grasped the key point and first asked an important question.

If the takeover is fully invited, it means that retail investors holding Yonggao's shares will make a fortune.

Zhou Huaian said calmly: "There are no plans for this at the moment!"

As far as he understood, the boss indeed had no plans for the time being.

The reporter immediately said: "According to the "Code on Corporate Acquisitions and Mergers" announced by the Securities Regulatory Commission last August, companies are expected to establish basic codes. According to the code, when a company plans to acquire another company, it needs to publish an acquisition proposal. Such documents shall be submitted to the shareholders of both companies for review. Secondly, if more than 50% of the equity is acquired, a full acquisition must be made to other shareholders.”

This time, Changshi Group acquired 56% of the shares of Yonggao Company, which has reached a full acquisition situation.

Zhou Huaian is very skilled in business and immediately said: "This has no legal effect. It is just a suggestion from the Securities Regulatory Office. In fact, everyone knows that this suggestion is not realistic. For example, even if we propose a full acquisition of Yonggao Company at the recent highest stock price , shareholders are unwilling to sell their shares, which is the root of the problem."

The implication is that even if the recommendations of the Securities Regulatory Commission are followed, a comprehensive acquisition will be just a formality and will not be realized at all.

In any case, when the stock market is at a trough and a company is fully acquired, the acquirer occupies a favorable position and the acquired party occupies a disadvantageous position.

A reporter raised the difficult question again: "The Cheung Kong Group's acquisition of Yonggao Company means that it owns the ownership of the Hilton Hotel. As the major shareholder of the Cheung Kong Group, Mr. Lin Zhichao, his private company, Shangri-La Hotel, is also a hotel in the same area. Do the two conflict with luxury five-star hotels? Does Mr. Lin Zhichao intend to terminate the operation of Hilton Hotels and complete Shangri-La Hotels?"

Suddenly, the reporters made a noise. This question was very offensive!

Zhou Huaian said with a smile: "I will make three points about your question: First, Mr. Lin Zhichao now owns the absolute equity of Changshi Group, and he will not sacrifice one of his companies to do such a thing. Second, Yonggao The company has signed a long-term management contract with Hilton Hotel, and if it breaks the contract, the compensation will be huge, so this is even more unlikely to happen. Third, there are already four five-star hotels in Central, and the occupancy rate has reached more than 80% , as the economy picks up and Hong Kong's tourism industry grows, we can all make progress together, and there is no possibility that one company will want to eliminate the other."

The reporters recorded their answers one after another. Overall, Zhou Huaian's answer was flawless.

And Zhou Huai'an also understood that if the Hilton hotel operation was to be terminated, it would only be considered after Changshi Group fully acquired Yonggao Company.

Once the Yonggao Company is fully acquired, there will naturally be no problem, and there will be no problem if the Hilton Hotel is built into the Cheung Kong Headquarters Building.

The reporter's question today is nothing more than trying to raise Yonggao's stock price in the stock market.

But this is obviously not conducive to the overall acquisition of Yonggao Company in the later period, so Zhou Huaian has no intention of completing it.

The news of Changshi Group's acquisition of Yonggao Company caused a huge sensation in the media industry. The acquisition of foreign-funded enterprises by Chinese-funded enterprises is like "stimulating national self-confidence", so it was written up in the media.

Since both parties announced the price of the acquisition, Yonggao's stock price did rise by 11% the next day, but this was only short-term.

Cheung Kong Group acquired the remaining 8.5 million shares at a price higher than the price paid to Yonggao's two former major shareholders. Later, as the stock market falls, it will be the best opportunity for a comprehensive acquisition.

The impact of Changshi Group's acquisition of Yonggao Company is not limited to one aspect. This method of making full use of the stock market to expand enterprises was quickly mastered by some Chinese-owned companies. They also quickly joined the acquisition war and absorbed those with good assets. of enterprises. Of course, most of their funds come from issuing new shares + cash.

In the office.

Lin Zhichao leaned on his chair and thought about the fruitful achievements made by Cheung Kong Group in the past two and a half years. The major projects invested include: Chinese Bank Building, 50% equity of Prefecture Real Estate (Lejing Center, Century Tower), Wasion Development (rent-collecting property + land reserve), Slender West Lake site (joint venture, 50%), Taikoo Shan Site 1 (joint venture, 50%), British American Tobacco former site (joint venture, 35%), Shatin reclamation project (joint venture, 25% ), 56% equity of Yonggao Company, nine office buildings in Manhattan (joint venture, 20%).

In addition to these large projects, Cheung Kong Group has also acquired a number of land exchange rights and land parcels, bringing its land reserve to about 2 million square feet.