Video Game Empire
Chapter 644: The Dilemma of HSBC (Part 2)
Just last night, Li Jiacheng asked him to have dinner together! And at dinner, Li Jiacheng told him an important news. Changshi Group has taken over all the CLP shares originally held by the other party from "God of Fortune Li", and plans to continue to increase its holdings to compete with the Kadoorie family for control of the listed company!
Li Jiacheng hopes that Dolly Securities, a subsidiary of HSBC Group, can become the financial advisor of Cheung Kong Group's acquisition together with Asia Sun Hung Kai Securities. And he also hopes that HSBC can provide credit support for the acquisition of Cheung Kong Group!
The cooperation between HSBC and Li Ka-shing has a historical basis. Without the strong support of HSBC, Li Jiacheng would never have completed the annexation of Hutchison Whampoa! But now when he made another cooperation request to HSBC, Pu Wei Shi was faced with a dilemma!
Because the other party involved in the merger, the Kadoorie family, is also one of the most important partners of HSBC in Hong Kong! If Pu Wei Shi chooses to support Li Jiacheng, then HSBC will once again stab its partner in the back like it did with Jardine Group before!
Pu Wei Shi regrets his previous choice in the Landmark M&A case! That acquisition event seems to have little to do with HSBC, but HSBC actually made the typical mistake of picking up sesame seeds and losing watermelons! Not only did HSBC fail to quickly enter the electronics industry in Hong Kong, but it was the first to catch fire in its own backyard, the real estate industry in Hong Kong!
And this time, even if HSBC chooses to support Cheung Kong Group, it may not be able to receive Li Jiacheng's wholehearted gratitude! From when Li Jiacheng told him that he was going to bid for CLP, Pu Weishi had roughly guessed the ins and outs of the whole thing! After all, HSBC, as one of the giants in the Hong Kong market, has information channels far beyond the reach of ordinary people!
Before today, the most focused event in Hong Kong's capital market was naturally the event that Liu Ruanxiong and the Kadoorie family competed for the controlling stake of the Grand Hotel Group! But even the Kadoorie family, the party involved, may not have guessed that the "God of Wealth Li" is the real mastermind behind his troubles!
However, Pu Weishi had some doubts long ago. Liu Ruanxiong is a big speculator in the Hong Kong stock capital market. In the early days of Liu Ruanxiong's fortune, both HSBC and Dolly Securities had some cooperation with Liu Ruanxiong.
But later Liu Ruanxiong turned to Jiahua, and the relationship with HSBC gradually drifted away. Pu Weishi is very clear that this boss Liu is actually a knife in the hands of "God of Fortune Li". Many things that are inconvenient for "God of Wealth Li" to come forward are solved by white gloves like Liu Ruanxiong.
According to Pu Wei Shi, the incident of the big hotel equity competition is far more than an ordinary commercial merger and acquisition battle on the surface!
Since Hong Kong entered the transition period of handover, the whole society has more or less a trace of fear and confusion about the uncertainty of the future! As a result, the whole society has fallen into impatience, which is the root cause of a series of problems such as the strong speculation atmosphere and the turbulent immigration wave in Hong Kong in recent years!
And if you want to calm down this kind of restless emotions, you need to find a vent for everyone to vent and decompress! Due to the natural distrust brought about by the differences between the political and political systems, Hong Kong society has concentrated its dissatisfaction in the north in the past few years.
But recently, the spearhead of Hong Kong society seems to have suddenly turned 180 degrees, and the British, represented by the Hong Kong-British government, have become the new culprits! Pu Wei Shi is very sure that the leader behind the change of public opinion in Hong Kong is the "God of Wealth Li" of the Oriental Group!
Against the background that Hong Kong society has begun to show great dissatisfaction with the British rule, the current situation of the Kadoorie family is more like a victim used by the "God of Wealth" to kill chickens and monkeys! And the other party did not disappoint Pu Weishi. The hotel group was just an appetizer. The real fatal blow to the Kadoorie family was the much larger Chunghwa Electric Power Company.
What made Pu Weishi feel the most uncomfortable was that Li Xuan once again cleverly chose the strategy of retreating to advance! Not only did he not choose to take the opportunity to swallow CLP, a blue-chip stock with outstanding performance in the Hong Kong stock market, he took the initiative to help Li Jiacheng, an outsider, to make suggestions!
If the Eastern Group is now attacking CLP, then Li Jiacheng will feel no less fear than the Kadoorie family. After all, Hong Kong Electric, a subsidiary of the Cheung Kong Group, as one of the only two monopoly power generation companies in Hong Kong, is already at a disadvantage in the competition with CLP. In case CLP changes to a more powerful owner, Dongfang Group, the influence of the Li Ka-shing family on Hong Kong's power industry is bound to be further marginalized!
In the face of huge interests, let alone friends, even a father and son can turn into life-and-death enemies in a single turn. Although Li Xuan's Dongfang Group is strong, as long as HSBC creates enough enemies for him, there is still a good chance to suppress the opponent.
But Li Xuan is obviously not going to give Pu Weishi this chance. For example, this time he grabbed Li Jiacheng and pulled Li Jiacheng into his own camp before HSBC could react! Li Jiacheng approached Pu Weishi last night, not so much to seek HSBC's support, but to want HSBC not to help each other!
Pu Weishi could have guessed the conditions Li Xuan offered to Changshi Group. In addition to the transfer of CLP's equity in his own hands, Jiahua Bank is definitely very willing to provide sufficient credit for Li Ka-shing's follow-up acquisition. After getting the capital endorsement of Jiahua Bank, HSBC is just the icing on the cake for Li Jiacheng!
And the gratitude gained from the charcoal in the snow and the icing on the cake are naturally different! It is the Kadoorie family who really need help now. Because of Li Xuan's previous holdings of CLP's series of shareholders, his hunt for the Kadoorie family actually started a long time ago.
At the beginning, Li Xuan took the opportunity of the 87th stock market disaster to continuously increase his shareholding when CLP's stock price was at a low point, which made the Kadoorie family extremely panic. The reason Li Xuan announced at that time was a pure financial investment! Naturally, the Kadoorie family would not believe it, but the gap in strength between them and Li Xuan was too great!
So after the Kadoorie family tried Li Xuan, Li Xuan quickly gave another more convincing reason! With the rapid development of Hong Kong's electronics industry, there is a shortage of electricity supply in Hong Kong! The real purpose of Li Xuan's acquisition of CLP was to make arrangements for Hong Kong's power industry in advance. In order to avoid the shortage of power supply in Hong Kong in the future, which will drag down the development of the Oriental Group and the entire Hong Kong electronics industry!
As long as the Kadoorie family can ensure the continuous and rapid growth of CLP's power generation, Li Xuan can give up the competition for CLP! After thinking that they had figured out Li Xuan's real purpose, the Kadoorie family readily made a promise. After all, the more power generation, the stronger the profitability of CLP, and the greater the wealth the Kadoorie family can reap from it!
It's just that with the continuous investment and construction of new generator sets by CLP in the past two years to expand the power generation capacity, the Kadoorie family inevitably fell into a situation of financial constraints! After all, a set of high-power generator sets can easily cost billions of Hong Kong dollars, and the supporting power supply and transmission facilities also cost a lot!
Besides issuing bonds in the capital market, another important way for CLP to raise funds is to issue new shares. In order to ensure that the shares in their hands are not diluted, the Kadoorie family can only purchase new shares in proportion, which will consume a lot of money.
In fact, the rapid expansion of CLP in recent years has exceeded the financial capacity of the Kadoorie family. In layman's terms, the Kadoorie family is already struggling! Many of the shares it held in CLP 0 have been pledged to HSBC in exchange for liquidity.
But as long as the Kadoorie family has a few years to digest, and when the new units under construction of CLP are put into operation and start to generate huge cash flow, the Kadoorie family will be able to reap huge returns.
It's a pity that all of these are traps designed by Li Xuan~www.wuxiaspot.com~ After CLP continued to issue new shares to raise funds, not only did the Kadoorie family, the major shareholder, consume a lot of money, but also because of the supply of CLP shares. The large increase in volume has greatly inhibited the rise of CLP's share price, which in turn has limited the ability of the Kadoorie family to raise funds by pledging CLP's shares.
After Liu Ruanxiong took action, the Kadoorie family fought back in order to raise funds, and immediately approached HSBC for stock pledge. After the latest round of stock pledges, the remaining CLP shares in the Kadoorie family's hands are actually only 15.
If he had to choose between Li Jiacheng and Kadoorie, Pu Weishi would definitely choose Kadoorie without hesitation. After all, two birds in the forest are worse than one bird in hand! From the moment Li Ka-shing chose to swallow Li Xuan's bait and launched the acquisition of CLP, the balance in his heart inevitably began to tilt to Jiahua's side, and it was difficult for Changshi Group to continue to be HSBC's core customer. .
It's a pity that the Kadoorie family will most likely suffer a complete defeat in the next crisis! Unless HSBC is willing to provide unsecured large-scale credit to the Kadoorie family regardless of its own risks. But now that HSBC itself is shrinking and retreating from Hong Kong, how could it possibly end up in person for the benefit of others!
Therefore, Pu Weishi is really distressed now that he has no choice. HSBC will also become a supporting role again, watching Jiahua stand in the center of the stage and perform a dazzling performance!
First the Jardine Group, and now the Kadoorie Family! Pu Wei Shi is not even sure about the next goal of "Fortune Li", will it be HSBC's turn?
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