We're building a super chaebol in Hong Kong

Su Cheng's understanding of the Zhang family was not deep, limited to the somewhat peculiar reports he had read in newspapers.

Two years ago, a sensational lawsuit involving the Zhang family brought their name into the public eye, making them a topic of discussion.

One of the protagonists of this lawsuit was Zhang Yulong's sister-in-law, who accused Zhang Yulong of monopolizing control over most of the family's properties and made several core demands:

First, she demanded a thorough investigation of all Zhang family assets to ensure that Zhang Yulong had not hidden or embezzled any assets.

Second, she insisted that the Zhang family's assets should be jointly owned by all family members, including every son-in-law.

Finally, she argued that all assets should be divided equally among the four branches of the family.

However, this battle of wealthy families ultimately ended with Zhang Yulong's victory, and his sister-in-law's demands were not supported.

This lawsuit was not only dramatic, involving complex family relationships and huge property disputes, but also revealed the unknown secrets and conflicts within the wealthy family, causing a great sensation in the Hong Kong area, even Su Cheng knew a little about it.

The Zhang Yulong family in Hong Kong is known for its unique family characteristics, the most prominent of which are "cohabitation and shared wealth" and "strict family rules."

The so-called cohabitation and shared wealth means that family members never separate, share property, and advance and retreat together. This concept goes beyond the scope of traditional family economic management and is aimed at the family's high degree of unity and cooperation.

Historically, there was no shortage of families adopting similar strategies during the initial stages or in times of difficulty to concentrate their strength and overcome difficulties together. However, as the family's power grew, members began to pursue their own interests and space, private property gradually emerged, and separation and independence became the norm.

However, the Zhang Yulong family went against the grain. They not only regarded "cohabitation and shared wealth" as the cornerstone of the family's long-term development, but also pushed it to the extreme.

Without exception, family members are required to work in the company, live under the same roof, and share expenses, completely abandoning the concept of private money to ensure absolute fairness and transparency within the family.

In the Zhang family, fairness is not only reflected in the economic level, but also permeates all aspects of life.

The sons' clothing is uniform, and although the daughters-in-law's clothes are different, they all follow the same value standards, demonstrating the family's equal treatment and respect.

In addition, family members are strictly required not to eat out except for necessary business activities. This rule not only strengthens the close connection between family members, but also reflects the adherence to family traditions and rules.

Faced with the occasional desire to be tired of the food at home, family members also need to restrain themselves, because the strictness of the family rules and the reality of no private money make any idea of eating out only give up.

This seemingly harsh regulation is actually a profound reflection of the family's cohesion and values, making the Zhang Yulong family a unique and remarkable existence in Hong Kong and even the wider region.

The Zhang family has more than 120 family rules, with numerous items and strict requirements, especially the regulations for daughters-in-law are meticulous.

Their ancestral home was purchased and built in Hong Kong after 1949. It was originally a two-story bungalow, but it was destroyed by a fire caused by a short circuit in 1952.

In order to continue the family's tradition of living together, Zhang Yujie spent millions to rebuild it into a five-story copper building, every detail of which reflects his long-term planning and ingenuity.

At that time, millions of dollars was rare, which shows the Zhang family's emphasis on family inheritance.

This ancestral home is not only large in scale, but also carries the history and memory of the Zhang family.

During its heyday, more than 30 family members lived here, jointly maintaining the way of life of cohabitation and shared wealth.

However, this harmonious coexistence faced challenges due to the death of the Zhang family's old lady in 1977.

As the spiritual pillar of the family, her death filled the future of the family with uncertainty.

Sure enough, with the death of the old lady, the internal balance of the family was gradually broken, and the model of cohabitation and shared wealth began to be unsustainable.

This change eventually led to internal disputes and lawsuits within the family, and the root of all this can be traced back to the ancestral home that witnessed the rise and fall of the Zhang family.

Zhang Yulong eventually won the lawsuit and took over most of the Zhang family's property.

For example, the shares of Wharf Group controlled by the Zhang family are nominally managed by the Zhang family, but in fact they have long become Zhang Yulong's private property, so he has the final say.

After taking over most of the Zhang family's property, Zhang Yulong already had the idea of leaving Hong Kong with his wife and children.

In recent years, he has been seeking a way out in Australia.

Su Cheng took Zhang Yulong and soon arrived at the Xiyuelai Restaurant.

After that, he asked the restaurant manager to arrange a private room for him, and served tea sets, tea leaves and snacks in the private room, and then the two began to talk.

"Mr. Zhang, I wonder what you are looking for me for?" Su Cheng was indeed a little curious.

He and Zhang Yulong met for the first time today, and there had been no communication between them before.

Even the last time Su Cheng entered the board of directors of Wharf Group, the representative of the Zhang family was only one of Zhang Yulong's subordinates. He did not come in person. At that time, Zhang Yulong should still be in Australia.

"Mr. Su, I wonder if you are interested in the shares of Wharf Group in my hand?" Zhang Yulong did not intend to beat around the bush and directly stated his thoughts.

Zhang Yulong holds 23.5% of the shares of Wharf Group, which is even higher than John Madden's holding.

It's just that the Zhang family has never interfered in the management rights of Wharf Group.

Originally, Su Cheng's shares were indeed not as many as Zhang Yulong's, but in the past year or so, he allowed Tianyuan Investment Company to gradually absorb the shares of Wharf Group, and now it has exceeded 25% of the shares, naturally becoming the largest shareholder.

Now, Wharf Group's profits have plummeted for two consecutive years, and Wharf Shipping Company has suffered serious losses. Zhang Yulong finally couldn't bear it anymore, so he convened this board meeting.

However, it is obvious that the role of the board meeting is not significant. Even if he attacks John Madden, it is useless.

Therefore, Zhang Yulong, who originally had the idea of withdrawing from Hong Kong, had this idea after seeing the end of the meeting.

Everyone in the world knows that Su Cheng's wealth is difficult to estimate, and the cash flow in his hand is even more terrifying.

Now, with Wheelock facing such a situation, finding other buyers might not be possible. However, finding Su Cheng might lead to a sale.

After all, Su Cheng couldn't have become a shareholder of Wheelock Group for no reason. Although he appears to not interfere with the Wheelock Group on the surface, he might secretly harbor ambitions for control of Wheelock Group.

And now, if he sells the shares of Wheelock Group held by the Zhang family to Su Cheng, it is highly likely that Su Cheng will want them.

In another world, the Zhang family would have sold their shares to Bao Yugang next year, in 1984, completely withdrawing from Hong Kong and leaving with their family to immigrate to Australia.

However, it is clear that in this world, many things in Hong Kong have been unknowingly changed by Su Cheng.

For example, he is now a major shareholder of Wheelock Group.

Therefore, it is understandable that Zhang Yulong wants to sell his shares in advance.

After all, it is clear that the Zhang family and John Marden are at odds during the board meetings, and it will be difficult for them to cooperate as they did before.

Therefore, choosing to sell the shares of Wheelock Group at this time and leave Hong Kong with the funds is obviously the most appropriate thing to do in Zhang Yulong's view.

Looking at Zhang Yulong's expectant eyes, Su Cheng thought for a moment, and then said, "Mr. Zhang, you also know that Wheelock Group's current situation is not good, with serious losses. If I buy your shares, I will inevitably control Wheelock Group, so most of the debts are equivalent to being borne by me. I wonder what price you are offering? If the price is right, I might be able to accept it."

Su Cheng directly threw the question back to Zhang Yulong.

It depends on the price you offer. If the price is right, I will buy it. If the price is not right, then this deal will definitely not be reached.

Of course, Su Cheng is just saying this. He has naturally already decided to acquire Zhang Yulong's shares in his heart.

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After taking Zhang Yulong's shares, John Marden's shares will no longer be enough. The shares held by Su Cheng will completely surpass John Marden's.

At this time, John Marden will naturally have to step down.

It's useless even if he doesn't step down. With so many shares, Su Cheng can directly remove John Marden through a board meeting, thereby directly becoming the chairman of Wheelock Group.

Wheelock Group is one of the original four major British trading houses, and its value is no less than Hutchison Whampoa.

Therefore, Su Cheng is naturally willing to take over this British trading house.

In this way, his strength in Hong Kong will be even greater.

Although Wheelock Group's performance is not good due to Wheelock Shipping, the stock price of Wheelock Group has already risen a lot in the past few years. Compared with the initial acquisition of Wheelock Group's shares from Hongkong Land, the current Wheelock Group's shares have already more than doubled.

Not only Wheelock Group, but in fact, most of the listed companies in Hong Kong are like this.

The ones that rise well directly double several times.

"1 billion Hong Kong dollars. If Mr. Su is willing to offer 1 billion Hong Kong dollars, I will sell all of the 23.5% of the shares I hold to you." After thinking for a long time, Zhang Yulong finally offered a very fair price.

Currently, the market value of Wheelock Group is around 5 billion Hong Kong dollars, but the trading volume is not high, so the stock price is a bit inflated.

Zhang Yulong's asking price of 1 billion Hong Kong dollars actually equates to placing Wheelock Group's total market value at around 4.25 billion Hong Kong dollars.

Therefore, he did make a concession.

"Mr. Zhang, how about 800 million Hong Kong dollars? You also know that after I take your shares, I will have to constantly find ways to fill the debts of Wheelock Shipping, and the cost will be considerable. Now the stock trading volume of Wheelock Group is not active, and Mr. Zhang obviously wants to get rid of it through the stock market, which is not feasible. And now, with the real estate crisis, many companies are struggling to survive. Even Hongkong Land would have been in a major crisis if I hadn't acquired it."

Su Cheng said with a smile.

Although he doesn't care about 200 million Hong Kong dollars, he will save it if he can.

Zhang Yulong is not familiar with him, so there is no need to give him face.

Why not save this 200 million Hong Kong dollars if he can.

"Mr. Su, the price of 1 billion Hong Kong dollars that I offered is already very sincere. A year ago, those Chinese and British entrepreneurs were rushing to take my shares, which could compete with John Marden for control of Wheelock Group. The importance is self-evident," Zhang Yulong said unwillingly.

After all, 200 million Hong Kong dollars may not be anything to Su Cheng, but it is a considerable sum to Zhang Yulong.

Su Cheng drank a cup of hot tea, ate a snack, and sat on the chair to think.

"Mr. Zhang, how about this, let's each make a concession. I will offer 900 million Hong Kong dollars to buy your shares. After all, I am also taking a big risk. Although I can take over Wheelock Group, I will face various difficulties after taking over. If Mr. Zhang is reluctant to part with even this 100 million Hong Kong dollars, then our deal may be impossible. I believe that in the entire Hong Kong, besides me, no one should be willing to take out such a huge sum of money at this time to do this deal," Su Cheng said directly.

Since 200 million Hong Kong dollars cannot be saved, then saving 100 million Hong Kong dollars is also good.

"Mr. Su, please let me consider it." Zhang Yulong did not rush to answer, but said this.

"Of course, please take your time to consider it," Su Cheng said with a smile.

Then, he focused on eating the snacks.

The snacks made by Xiyuelai Restaurant are really delicious. Every time Su Cheng comes to Xiyuelai Restaurant, he will order some of his favorite snacks and slowly drink tea. How pleasant.

Zhang Yulong frowned and didn't eat anything.

At this moment, he naturally has no intention to eat anything.

He is considering whether it is worth selling the Wheelock shares in his hand for 900 million Hong Kong dollars.

Now, since this year, Hong Kong's stock market has not been as good as it was in the previous two years.

It can even be said that it is like an electrocardiogram, rising and falling, and I don't know what its future will be like.

Therefore, Zhang Yulong is also worried that the stock price will fall back to what it was two years ago. In that case, his shares will be worth no more than five or six hundred million Hong Kong dollars, let alone nine hundred million Hong Kong dollars.

Su Cheng focused on eating, and after an unknown amount of time, perhaps five minutes, or perhaps ten minutes, Zhang Yulong finally spoke.

"Mr. Lin, I agree. Nine hundred million Hong Kong dollars, deal!" Zhang Yulong took a deep breath and finally said these words.

When these words were spoken, the stone that was pressing on his heart seemed to be pushed away at this moment, and his heart was extremely relaxed.

(End of this chapter)