The Industrial Giant Reborn

"In recent years, Hong Kong's real estate market has risen sharply, but the Kadoorie family has been investing all their funds in CLP's new power plant, missing the golden age of real estate, and the funds were transferred to CLP, so the big hotel used to be Its stock is seriously undervalued just like Wharf at the beginning. HK$70 a share is indeed a bit expensive, but it is still a good deal if you can acquire the entire company by only buying 10%. The big hotel also has several lands on Hong Kong Island. There will be no loss." Chen Zhiwen thought for a while and said.

Although there will be a real estate crisis in 1982, and land prices will be cut in half, but this comparison is the peak housing price in mid-1982. A wave of bull market is even more ruthless, and many properties under the big hotel are also in rare locations. If you don't seize the opportunity now, you may not be able to buy these properties even in 1983.

"I think so too." Guo Henian said: "Bao Sheng, I have inquired about the news that HSBC has not lent a lot of funds to the Kadoorie family. If I do it, the Kadoorie family may sell some of the shares in CLP to increase their income. Cash, you have to seize the opportunity when the time comes."

"Don't worry, it's okay. I also owe Guo Sheng a favor this time, and I will definitely repay it in the future." Bao Yugang said with a smile.

"That's not necessary, we just need to hold each other's shares, so that we can develop together in Hong Kong." Guo Henian said with a smile.

Although he is well-known in Southeast Asia, the rules in Hong Kong are different. To develop here, he still needs to cooperate more with large local companies, which will increase security a lot.

"This is not a problem. When my company goes public in the future, the two of you can also participate." Chen Zhiwen said with a smile.

With so many industries under his umbrella, it is impossible to continue to be a sole proprietorship in the future. The entire global capital market will not allow such companies that are not listed and still make money in a big market. If they cannot share the profits of this industry, then the capital market It is natural to invest in competitors to grab the market.

Since you want to share some of the results, in addition to giving some consortiums with useful resources and backgrounds, you can also share a little with people around you, but not a lot, unless it is a company that mainly develops in Hong Kong and Asia, or a few companies with European and American markets. It will still give priority to the local forces in Europe and the United States.

"Okay, when I buy a big hotel, if I have funds, I will invest in HK Electric and CLP." Guo Henian said with a smile.

"Let's get Hong Kong Electric settled first. I also have some funds here. If the two purchases are not enough, I can borrow them urgently." Chen Zhiwen said.

"Thank you very much." Guo Henian said.

On the second day, there was another explosive news in the Hong Kong stock market. The sugar king of the world, Kuok Henian, officially purchased the shares of the hotel in the form of cash checks on the Hong Kong Stock Exchange at HK$70 per share until the acquisition reached 34.9%.

When the news came out, the stock price of the big hotel once again rushed to 73 Hong Kong dollars, but soon fell back to 71.

Although the price on the stock market is a bit higher, many people still come to the Hong Kong Stock Exchange for cash transactions, because smart people know that if they are all sold on the stock market, the price will soon be suppressed. It's better to come to the on-site transaction, pay the money and deliver the goods.

At noon, at the southeast corner of the Hong Kong Stock Exchange, there was already a long queue for the purchase of big hotel stocks, and the people behind were very impatient, because no one knew how many people came here to buy stocks. If there are enough stocks, unless you want to trigger a takeover offer, otherwise the takeover will be stopped. At that time, no matter who continues to manage the hotel, the stock price will definitely plummet.

After the showdown, it will be a decisive battle. At this moment, unless the Kadoorie family also follows suit and buys at a higher price, otherwise, they can only make a move now.

While everyone was queuing up, in a VIP room of the Hong Kong Stock Exchange, Kadoorie looked down through the glass at the line queuing up to sell his own stocks, and the veins on his hands were eagerly exposed again.

"70 Hong Kong dollars a share, Guo Henian is really willing." Michael Kadoorie looked at the price on the placard outside, and said with gritted teeth.

"Brother, if we continue like this, we will lose. Even Liang Zhonghao sold half of his shares to them." Henry Kadoorie, the number two member of the Kadoorie family, said worriedly.

"I also know, but in terms of funds, we don't have enough. Half of the 500 million Hong Kong dollars we borrowed from HSBC have already been spent. You don't know the current stock market price. If you want to stabilize, you need at least another 500 million Hong Kong dollars." Okay." Michael Kadoorie said with a frown.

"In the past few years, we have indeed invested too much money in CLP, and we have encountered an oil crisis. Guo Henian is powerful in Southeast Asia, with a large number of banks behind him. If we do nothing, I am afraid that the big hotel will not be able to keep it. Brother, Peninsula The hotel is a symbol of our family's heritage, so we can't lose it." Henry said with a frown.

"Then what do you think?" Michael Kadoorie asked.

"We need to sell some of CLP's shares to ease the crisis," Henry said.

Michael Kadao didn't even think about it, and quickly shook his head and said: "This is absolutely impossible. Have you ever thought about it? Now it's just that the big hotel has been acquired, which makes it difficult for us to fight. But if we sell the shares of CLP, how can others attack CLP?" manage?"

"The scale of CLP is much larger than that of big hotels. The entire Hong Kong and even the Chinese in the world, except Chen Zhiwen, who has the ability to start, but Chen Zhiwen has already acquired HK Electric, and the Hong Kong government will definitely not agree to him continuing to acquire CLP. We actually don't need it." I'm too worried." Henry Jiali said.

In fact, after Wharf was forcibly acquired by Chen Zhiwen, the Hong Kong media also gradually exposed Chen Zhiwen's overseas assets, making all the British capital in Hong Kong worried that one day they would be targeted, but throughout 1979, Chen Zhiwen's capital was maintained. Keep a low profile. After a long time, everyone may relax. After all, it is impossible not to develop one's own business because of a potential risk.

And at the beginning of this year, Chen Zhiwen really shot again, the target was Hong Kong Electric, and even this time he slapped the entire British capital, because HSBC, the last backer of the British capital, had indirectly surrendered.

But for the Kadoorie family, it is a great thing, because the Hong Kong government will not allow one person to monopolize the entire Hong Kong electricity market, but they did not expect that their own big hotel was targeted by rich people in Southeast Asia.

"It may be impossible for Chen Zhiwen, and it is true that any other Chinese company can't do it alone, but what if there are multiple companies? Or is it that Chen Zhiwen is behind the scenes?" Mi Gaojia said with a frown.

"But we can't really give up the big hotel, can we?" Henry said: "There is another way, we mortgage part of the shares of CLP."

"I have already mortgaged part of it to HSBC. Generally, the mortgage of stocks can only get half of the funds. If you mortgage again, HSBC will not agree." Mi Gaojia said.

In the past few years, due to various problems, Zhonghuan Power itself has been heavily in debt, and the stock price has not been high, and the 500 million that Shen Bi promised to lend him before is not without mortgage conditions. There are various loan relationships. Shen Bi These old foxes would not agree to take this risk.

"Then we can only find other banks." Henry said.

"Which bank to look for, apart from HSBC in Hong Kong, which bank has the ability to help us?" Michael Kadoorie asked.

Many small banks in Hong Kong are not unable to spend hundreds of millions of Hong Kong dollars, but they will not take risks, because for small and medium-sized banks, if such a large amount of funds is released, they must be very sure that they can be recovered, otherwise they will die , This kind of large-scale acquisition war, indeed only the top banks are eligible to participate.

"HSBC is indeed the largest bank in Hong Kong, but it is not the only one. In Hong Kong, there is another large British-owned bank." Henry said.

"You mean, Standard Chartered?" Michael Kadoorie immediately thought of the name. Although Standard Chartered has the right to print money in Hong Kong, the difference is that it can only print small amounts of money, and the scale is small. The business in Hong Kong is only a part of HSBC. Therefore, most of the large British-funded consortiums in Hong Kong seek cooperation with HSBC, and Standard Chartered in Hong Kong basically cooperates with small and medium-sized enterprises.

"Yes, it's Standard Chartered. It's true that Standard Chartered's business in Hong Kong is not good enough, but the parent company behind it is still very strong." Henry said.

Mi Gao asked: "Do you know someone from Standard Chartered? Bill Winter?"

"It's acquainted. I have cooperated with some small businesses before. He took the initiative to find me in the past few days, suggesting that he can help us, but the interest is relatively high, 3 percentage points more than HSBC." Henry said.

"3 points? It's really dark enough." Mi Gao thought for a while and said, "You can promise him, but can they accept our second mortgage?"

"No, if we do this, the lending process will be very slow. The meaning of Standard Chartered is that as long as we don't mention it, they won't ask, and they will turn a blind eye." Henry Jia said logically.

"But if we do this, we are still at a loss. According to the Banking Law, we need to inform the bank in advance of the second mortgage of stocks or properties." Michael Kadoorie said with a frown. There are many banks in Hong Kong, and the internal information is unknown to outsiders. If a property is mortgaged in this bank and then goes to another bank, there may be a second mortgage. This is a financial risk, and the Hong Kong government also I have been trying to avoid it and have introduced a corresponding registration policy, but there are too many details involved and too many negligence, and it is easy to bypass. Therefore, the Hong Kong government directly legislates to restrict borrowers.

"The law does stipulate this, but if we do business and consider so many legal issues at every step, what should we do? As long as it is not a criminal law, even if we are caught, it is nothing more than a fine. As long as it does not cause financial risks, As far as I know, in the past few years, Chinese-owned real estate companies have been able to rise so fast, and this trick has been used with proficiency." Henry Jia said logically.

"I always feel that this is not good." Michael Kadoorie said.

"It's not good, but if we think about it, we will lose the big hotel. Let's keep the family property first and then talk about other things. At worst, we can only keep the Peninsula Hotel and sell other properties to pay back the money. It just so happens that the house price is also high now." Henry Jia Reason said.

"It makes sense for you to say that. We just need to keep the Peninsula Hotel, and the rest doesn't matter." Michael Kadoorie said.

"Well, I'll contact Standard Chartered Bank right now. The time is urgent. Brother, you should prepare all the documents first. As long as Bill Winter agrees, we will sign the contract immediately." Henry said.

"Don't worry about that, it's no problem." Michael Kadoorie said.

"However, I'm worried that it's still too late." Looking at the queue outside, Henry Kadori still frowned and said, in case someone completes the acquisition goal in advance, it will be useless to get the money himself.

"I'll announce the purchase at 62 Hong Kong dollars immediately, and I still have some cash in my hand." Michael Kadoorie said fiercely, he failed to become a demon, and now he has no choice.