The rise of Hong Kong's wealthy families

Hearing this, Ximen and Dai Weisi fell into deep thought. The current stock price is not high, but once the acquisition is announced, it will be difficult to defeat Taihe Investment Company with less than 1.5 billion funds. Few banks can lend such a large amount of funds. If they are loaned separately, , you need to visit multiple banks. A number of banks went bankrupt last year. Large debtors like Jardine Matheson Company may have to spend a relatively long time lobbying.

But time waits for no one now, and the best plan is to get a 1.5 billion loan from HSBC.

"We can adopt the method of acquiring dairy companies. Jardine Matheson stock and a small amount of cash can be used to buy a large number of Land Company stock from shareholders. This can best solve the problem of Jardine Matheson's shortage of funds." Bao Weishi also proposed a new idea. suggested.

The 1972 cattle war (Land and Milk Company) adopted a plan of exchanging 2 shares of Land for 1 share of milk. However, Land spent a lot of money on advertising, which also increased the market value of Land. 9%.

In fact, during the entire war, the Land Company acquired the Milk Company without spending a penny, which was the first "free acquisition war" in Hong Kong. In his previous life, Li Jiacheng only improved the plan when acquiring Hepu International.

In the previous life, when the chartered ship king acquired the Wharf Company, Jardine Matheson Company also proposed this plan, but was defeated by the chartered ship king with 105 Hong Kong dollars per share. However, this plan is very easy to use, especially when dealing with no one. Acquisitions supported by large amounts of capital.

He Jiahao naturally thought that Jardine Matheson Company would use this method, and He Jiahao's choices were obviously more than those of Jardine Matheson Company. Both Hutchison Group and Huamei Real Estate were of higher quality than the current Jardine Matheson Land and were more able to attract shareholders. recognition, and Jardine Matheson does not think that Ho Jiahao will have so much cash flow.

A trace of excitement flashed in Ximen's eyes, and he almost forgot about the plan, "Consultant Bausch is right, we will use this method."

"Company doctor" Dai Weisi is aware of the problem. If such a plan is adopted, the shares of Jardine Matheson held by the Land Company will be diluted a lot. If He Jiahao launches an acquisition of Jardine Matheson, wouldn't it be a 'buy one, get one free'? However, this can buy Jardine He Company a lot of time and allow Jardine He Company to mobilize funds from other places.

"We still have to talk to He Jiahao. He Jiahao's concession is the best choice for Jardine He Company." Bao Weishi said.

Ximen also nodded. Although he didn't want to bow to the Chinese He Jiahao, he had no choice but to bow his head if he wanted to gain great benefits.

Manulife Development Corporation Office

Regarding Simon Keswick's appointment, He Jiahao naturally wanted to give face. Although he did not think that the arrogant Jews would bow their heads, they also needed to show a humble posture. An aggressive attitude was only for dealing with enemies.

He will not stop acquiring stocks, but he cannot let his advantage be lost.

Sitting aside, Huo Jianning heard the boss's conversation on the phone. He had some thoughts in his heart. Land Company is the boss of the real estate industry in Xiangjiang. He really wanted to get Hutchison Group involved, but unfortunately his boss was unwilling. But thinking about it, It is more in the interests of Hutchison Group to take the opportunity to privatize its listed companies.

"The Keswick family will not give in easily, as shown by the last acquisition of Wharf Company." Huo Jianning said.

Although he no longer works at Manulife Development Company, he is still He Jiahao's number one confidant. Even if he interferes in company affairs, He Jiahao will not say anything. After all, he made great efforts to reorganize Manulife Development Company.

"Well, I know this very well. We have to win over the Land Company. The Keswick family cannot change this time." He Jiahao said grandly. The Keswick family now is no longer the most popular family in the 1970s. However, they will not admit it, and even hope to become the absolute overlord of Xiangjiang again.

Huo Jianning still understood the boss's ability, so he stopped talking and talked about today's events: "Hutchison Real Estate Company has completed the privatization, spending more than 500 million in cash, and now the group still has about 1.5 billion in cash flow ( Including low-interest loans), as for Watsons Group, we have reached an agreement with Yuhua Department Store. Watsons Group will acquire Yuhua Department Store for HK$600 million, and we have obtained the consent of Mr. He Shanheng, and will The acquisition of about 10% of the shares of other shareholders of Hengchang Bank at a premium of 20% is expected to cost 280 million yuan."

The Watsons Group will recently spend about 1 billion in funds, consuming all the company's cash flow, and even need to borrow hundreds of millions. Such a Watsons Group is more suitable for privatization.

He Jiahao said, "For a heavily indebted Watsons Group, HK$1.5 billion is enough for privatization. After the privatization of Watsons Group, it will still need a lot of follow-up funds to reorganize its assets. Where do you plan to start?"

Huo Jianning thought for a while, "The economic situation in Xiangjiang is very bad now. I'm afraid that methods such as raising funds and rights issues are not feasible. I plan to mobilize a batch of funds from subsidiaries and wait for Watson Group to get out of trouble before paying it back."

“After the privatization of Watsons Group, how much capital will be needed to successfully reorganize it?”

"It is estimated to be 300 million yuan, and it will take a year to return to a non-privatized state." Huo Jianning answered truthfully.

He Jiahao was silent for a while, "If the local market can pick up in the second half of the year, can the one-year period be shortened?"

Watsons Group is an important part of Hutchison Group. Although it is not very profitable, it is very influential. After all, it involves the retail and manufacturing of department stores, cosmetics, electrical appliances, etc. If there is no action after privatization, He Jiahao is worried that he will be Company beat.

"Boss, are you sure the local market will pick up in the second half of the year? If it really picks up, it should be able to recover within half a year." Huo Jianning said with some surprise.

He Jiahao nodded, "It has been almost two years. The negotiations between the two parties will have a result. If not in the second half of the year, it will end early next year. Otherwise, millions of people in Hong Kong will also have complaints against the mainland."

Delaying it for too long will not benefit anyone, and it will have a huge impact on civilians.

Huo Jianning said, "Well! Now that the recovery is coming and Hutchison Real Estate has completed its privatization, I plan to let Hutchison Real Estate buy some high-quality properties at the bottom to make up for the group's losses."

He Jiahao agreed, "You should discuss it with the senior management of the group, and then bring the plan over to me for review."

Although the major shareholder of Hutchison Group is Huamei Real Estate, Huo Jianning's qualifications are higher than those of Huamei Real Estate's Gao Ci and Chen Yong. Therefore, Huamei Real Estate does not have any real control over Hutchison Group and does not even need to report. What.

Of course, these rules are not routine. If Huo Jianning is no longer the head coach of Hutchison Group, He Jiahao will definitely take back these powers and arrange directors within Huamei Real Estate to be responsible for managing the affairs of Hutchison Group.

"Okay!" Huo Jianning continued, "Is the boss going to take action against Wheelock Company recently?"

He Jiahao did not hide it, "There is such a thing."

"Boss, the properties of Wheelock Company and Hutchison Group are very complementary. Can Hutchison Group acquire Wheelock Company?" Huo Jianning suggested without confidence.

Hutchison Group has already acquired Hong Kong Electric, which is much larger than Huamei Real Estate, and its business scope is very large. If it acquires Wheelock again, the market value will probably skyrocket immediately, and it will be more than twice as big as the parent company Huamei Real Estate.

Huo Jianning proposed it, which somewhat meant that he had to break away from control.

He Jiahao frowned, took a deep look at Huo Jianning, and said, "It will cost about 2 billion to acquire Wheelock. Hutchison Group shouldn't have the funds, right?"

"No, so I need help from my boss."

Hearing this, He Jiahao smiled and said, "Let me think about it. If Wheelock merges with Hutchison Group, the market value will catch up with HSBC, and it may be blocked by HSBC Shen Bi."

"This is an acquisition. HSBC has already taken a global view. This is not what Sandus had in mind at that time. Shen Bi will not make great efforts to stop it," Huo Jianning said.