We're building a super chaebol in Hong Kong

Through Governor Yu De, Su Cheng negotiated the sale of Jardine Matheson Holdings with them.

He had no possessive desire for Jardine Matheson Holdings as a company.

Selling it for HK$20 billion was a real windfall for him.

Without Hongkong Land, Jardine Matheson Holdings' value was already greatly discounted.

Earning HK$20 billion was something Su Cheng hadn't even anticipated.

That these British people would be so generous as to send him so much money was rare, truly rare!

Thus, three days later, Su Cheng and these British representatives signed a share transfer agreement at Jardine Matheson Holdings' headquarters.

The 49.9% stake was ultimately acquired by a takeover team consisting of more than thirty British financial groups.

They formed a temporary acquisition consortium, and the funds had already been raised.

Su Cheng couldn't care less about how they would divide the shares; all he wanted was the HK$20 billion from Jardine Matheson Holdings, which was enough.

So, after selling the shares to them, Su Cheng also received HK$20 billion in funds.

Subsequently, the British consortium quickly held a press conference that caused a sensation in Hong Kong.

They used HK$20 billion to successfully regain control of the British giant Jardine Matheson Holdings, reclaiming the last glory of the British consortium.

However, the focus of the citizens' attention was not on Jardine Matheson Holdings returning to British hands, but on the HK$20 billion!

Twenty billion! What an exaggerated figure. Even they couldn't imagine it. This was definitely the largest transaction in Hong Kong's history.

Previously, the Wharf deal had ultimately been only a few billion Hong Kong dollars.

Now, Jardine Matheson's mere 49.9% stake was sold for HK$20 billion, creating history!

Ma Shiming, who had only served as the executive director of Jardine Matheson Holdings for a short time, could only step down again.

However, Su Cheng had already made arrangements for him, which was to serve as the executive director of Hongkong Land.

Compared to Jardine Matheson Holdings, although Hongkong Land seemed less diversified, its strength was in no way inferior to Jardine Matheson Holdings.

In Su Cheng's view, the future of Jardine Matheson Holdings was clear at a glance, but the future of Hongkong Land, with the recovery of the Hong Kong property market, would continue to rise. Its market value would surpass Jardine Matheson Holdings in no time, and in the future, it might even widen the gap with Jardine Matheson Holdings.

This transaction's influence even affected the entire world.

Commercial newspapers in countries like the United States and Japan reprinted the report.

HK$20 billion! This sum of money was unimaginable.

Some media even called this transaction a deal of the century!

In Britain, the media was swollen with pride, believing this was a symbol of the rise of British consortia after their decline in Hong Kong.

In the previous half-year, many British media outlets had lashed out at the British in Hong Kong for being unsupportive, due to the successive acquisitions of Jardine Matheson and Hongkong Land.

Now, in their eyes, they had finally won back a game.

However, some countries' media did not think so. Many media outlets even asked in newspapers: "Is it worth spending HK$20 billion to acquire 49.9% of Jardine Matheson Holdings' shares?"

These media outlets constantly analyzed the situation of Jardine Matheson Holdings, almost digging out all its secrets.

The final answer was obvious: it was not worth it, not even close!

In this campaign, the British consortium regained control of the British giant Jardine Matheson Holdings with lightning speed, seemingly very successful. The British media believed that the British consortium had fought a beautiful and clean acquisition battle of the century.

However, these were ultimately just self-congratulatory songs. Although the British consortium ultimately regained control of Jardine Matheson Holdings, the price paid was too high.

And although Su Cheng lost Jardine Matheson Holdings, he earned more than HK$10 billion for it. This was simply slaughtering the British consortium like a fat sheep.

The meaning of the headline was obvious. Although the British consortium had won, the price paid was too high, far exceeding the actual value of Jardine Matheson Holdings. Obviously, they had become a fat and big sucker.

And although Su Cheng had lost Jardine Matheson Holdings, he retained control of Hongkong Land and earned a huge profit of more than HK$10 billion. Obviously, Su Cheng's deal was both wise and cost-effective.

This vigorous battle for Jardine Matheson Holdings lasted for nearly a year and finally came to an end with such a conclusion.

The British consortium's unwillingness to see the demise of British enterprises was so evident. This transaction was nothing more than the British consortium putting on a brave face.

After the transaction was completed, the matter did not end there.

Because the British consortium also made a request.

That was to use the shares held by Hongkong Land and Jardine Matheson Holdings in each other as an exchange.

These British consortia were afraid that Su Cheng would still use Hongkong Land's controlled shares in Jardine Matheson Holdings to secretly find ways to control Jardine Matheson Holdings again.

After all, although they had now regained control of Jardine Matheson Holdings, the shares were distributed among dozens of investors.

Once some people wanted to secretly sell the shares to Su Cheng, wouldn't their efforts be in vain?

Previously, although Su Cheng had used his status as the absolute controlling shareholder to acquire the shares held by Jardine Matheson Holdings and Hongkong Land in each other, increasing Su Cheng's own shares to 49.9%.

Even so, Jardine Matheson Holdings and Hongkong Land still held a significant number of each other's shares.

Therefore, in order to eliminate Su Cheng's idea of ​​controlling Jardine Matheson Holdings again, they came up with this method.

It can be said that these British consortia were really afraid of Su Cheng.

In response, Su Cheng also readily agreed. As for how to exchange the shares, after discussion, under the premise of everyone's unanimous agreement, a price acceptable to both parties was finally negotiated.

Simply put, in a stock swap, the extra shares would be compensated with money.

At this time, after more than a month of negotiations on the transaction, everyone finally reached an agreement.

Su Cheng let Ma Shiming be responsible for the negotiations throughout the process. Of course, the final transaction price of the negotiations was also approved by Su Cheng.

Since then, Jardine Matheson Holdings no longer had any equity in Hongkong Land.

And Hongkong Land no longer had any equity in Jardine Matheson Holdings.

From now on, the two groups no longer had any relationship with each other.

And the shares that were swapped back were sold by Hongkong Land to the secondary market, bringing a large amount of funds back to Hongkong Land. These funds were enough for Hongkong Land to cope with the current real estate crisis.

In addition, Jardine Matheson Group's stock was also heavily sold off by a large number of British consortia.

In their view, Jardine Matheson Group was no longer a British company, and continuing to hold it would involve too many uncertainties. It would be better to sell it while Jardine Matheson Group's stock price was relatively high.

Su Cheng was happy to see this scene unfold.

As a result, before long, most of Jardine Matheson Group's shareholders became Chinese.

Many big names in the Chinese business world took the opportunity to take over these Jardine Matheson Group stocks from the British shareholders, such as Li Ka-shing, Yue-Kong Pao, and Cheng Yu-tung, etc. They held a portion of Jardine Matheson Group's stock to varying degrees.

Su Cheng didn't care about this.

He himself never had the idea of privatizing Jardine Matheson Group.

Now, holding 49.9% of the shares already made him very satisfied, and no one could possibly snatch Jardine Matheson Group's controlling stake from him.

In other words, after he took control of Jardine Matheson Group, he didn't really care who the other shareholders of Jardine Matheson Group were.

Of course, he still preferred that these shareholders become Chinese, as dealing with Chinese people was always better than dealing with British people.

After completely resolving the matters of Jardine Matheson Group and Hongkong Land, Hongkong Land was completely under Su Cheng's management.

So, Su Cheng allocated a portion of the Tseung Kwan O headquarters base to Hongkong Land, making it its group headquarters.

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Although Su Cheng did not completely privatize Hongkong Land 100%, it was already a holding company, which meant that this company also belonged to him, and moving its headquarters to the Tseung Kwan O headquarters base would naturally be better.

Like Hongkong Electric, Su Cheng's control of it was also not 100%, but Su Cheng still moved Hongkong Electric's headquarters to the Tseung Kwan O headquarters base, which was also conducive to its cooperation with other companies under Su Cheng and the mutual sharing of resources.

However, before moving to the Tseung Kwan O headquarters base, Su Cheng had Ma Shiming replace the middle and senior management of Hongkong Land's headquarters.

Most of these original middle and senior executives of Hongkong Land were people from the British consortia's forces. Now that Hongkong Land had become Su Cheng's company, it was naturally impossible to let them continue to stay inside Hongkong Land as eyes and ears for the British consortia.

After the headquarters relocation was successful, Hongkong Land could be considered a company completely belonging to Su Cheng.

In the blink of an eye, time entered 1983.

The Su family once again welcomed good news: Cherie Chung and Ajiao were pregnant again.

Amei, on the other hand, didn't want to have any more children, because Amei felt that having one son was enough for her.

Su Cheng naturally didn't care about this.

At the same time, there was also good news, which was that Kwan Ka-wai took the initiative to accept the fact that Su Cheng had other women, and asked Su Cheng to take her back to the Su family villa.

Originally, Su Cheng planned to make this decision after she graduated, but since she took the initiative to propose it, Su Cheng naturally wouldn't refuse.

So, Su Cheng took Kwan Ka-wai back to the Su family villa in Tseung Kwan O and introduced Kwan Ka-wai to Cherie Chung, Ajiao, and Amei.

To Su Cheng's surprise, they quickly addressed each other as sisters. Although he didn't know what they were thinking in their hearts, on the surface, they got along very harmoniously.

Su Cheng was already very satisfied with this.

Learning that the three women all had Su Cheng's children, Kwan Ka-wai also insisted on having a baby for Su Cheng.

However, Kwan Ka-wai had not yet graduated from university, and having a baby was obviously inappropriate, so he persuaded her to wait until after graduation. In the end, Kwan Ka-wai could only sullenly agree.

The Su family villa was large enough that even if ten or eight more mistresses lived there, there would be no problem at all, so Kwan Ka-wai's joining didn't have any impact.

Originally, Su Cheng had planned to give them a wedding and becoming a Macanese person also had this purpose.

However, later he gave up this plan. In fact, what difference was there between getting married and not getting married?

Even if they got married, if they couldn't get along, they would still get divorced.

It would be better to maintain the current situation.

......

Hong Kong's real estate industry began to collapse across the board starting in September of last year.

This time, the decline was even more exaggerated than in Su Cheng's previous life, with a maximum drop of 80%.

At this moment, Su Cheng used Tianqi Property Company, as well as Su's Group, Hutchison Whampoa Group, Hongkong Electric, Hongkong Land, Tianwen Petroleum Company, Tianqiong Semiconductor Company, and other affiliated companies, to massively control Hong Kong's properties and land.

In recent years, these groups and companies have held a large amount of funds. In addition to taking a portion of the funds and transferring them to Tianyuan Investment Company to allow it to continue acquiring well-known listed companies abroad, most of the funds were actually left on the company's books to allow the companies to expand and invest.

After all, the companies were all his, and only by continuing to hold these funds could the companies continue to invest to the greatest extent.

Su Cheng knew that this crisis would last until 1984.

This crisis also made many British consortia more worried about Hong Kong's future, and they continued to withdraw their investments from Hong Kong.

Even Jardine Matheson Group and HSBC Group increased their investments overseas.

After the British consortia regained control of Jardine Matheson Group, they began to invest heavily in the United Kingdom, Singapore, the United States, and other places, while the investment in Hong Kong continued to decline.

As a result, the Chinese capital forces in Hong Kong became larger and larger, while the British capital forces became smaller and smaller.

Through this real estate crisis, Chinese-funded enterprises completely got rid of being on an equal footing with Chinese-funded enterprises, allowing Chinese-funded enterprises to lead by a large margin.

Although Jardine Matheson Group and HSBC Group are still Hong Kong companies today, they already have the idea of moving their headquarters back to the United Kingdom.

That negotiation last year made these British people unable to see Hong Kong's future at all.

Therefore, for them, moving their headquarters back to the United Kingdom was the wisest choice.

However, the shareholders of HSBC Group simply didn't know that Su Cheng had already been laying out plans for HSBC Group for several years.

Every year, Su Cheng's equity in HSBC Group increased by one step.

After three or four years of planning, he now held more than 20% of HSBC Group's shares.

However, Su Cheng was not satisfied, he wanted to hold even more shares.

Acquiring HSBC Group's shares has always been an important business of Tianyuan Investment Company, and as long as there is an opportunity, it will be acquired.

To this end, Su Cheng has invested more than 10 billion Hong Kong dollars in HSBC Group.

However, this is far from enough!

30% or more is Su Cheng's goal!

Today, the total value of HSBC Group's stock has exceeded 100 billion, and Su Cheng's shares in HSBC Group are even worth nearly 30 billion Hong Kong dollars.

However, all of this is being done in secret.

Absorbing HSBC Group's shares is a protracted war. (End of this chapter)