We're building a super chaebol in Hong Kong
#308 - The story of the charter king
Once, there was a chance to make a lot of money placed before me, but I didn't cherish it. Only when I lost it did I regret it immensely.
If heaven could give me a chance to do it all over again, I would definitely cherish this opportunity and earn billions!
This is what Baochuan Wang is thinking now, filled with immense regret!
Even though Baochuan Wang has been in business for many years and can handle matters calmly.
It is impossible to remain calm when faced with missing out on billions of Hong Kong dollars.
Billions! How many years would it take him to earn that much money!
"Ah, it's all in the past. Mr. Su, if there is another opportunity to make money in the future, please be sure to take care of me!" Baochuan Wang said with a wry smile.
"Money can never be fully earned. Mr. Bao doesn't need to take this matter to heart. There are plenty of opportunities to make money. For example, Hong Kong's real estate market will definitely skyrocket in the future. Mr. Bao can pay attention to this industry. Now that Mr. Bao controls Wharf, the land in your hands is not bad. If you make good use of it, it will bring Mr. Bao billions or even tens of billions in funds sooner or later!" Su Cheng said with a smile.
"Speaking of Wharf, let's get back to the main topic. The reason I invited Mr. Su here today is precisely for the matter of Wharf," Baochuan Wang said, shaking off the regret in his heart.
"Oh? Are you talking about the Wharf shares held by Jardine Matheson and Hongkong Land?" As soon as Su Cheng heard Baochuan Wang's words, he immediately guessed his thoughts.
"Mr. Su is indeed remarkable. I haven't even said it, and you've already guessed it. That's right, Jardine Matheson recently secretly sent out a message, wanting to sell all of its Wharf shares because they borrowed a lot of money from the bank during the previous competition. Now they are in financial difficulty, so they want to sell off their Wharf shares as soon as possible. They even contacted me these past two days, hoping that I could take over the shares in their hands.
I have now completely grasped the controlling stake in Wharf. Although the Wharf shares held by Jardine Matheson and Hongkong Land add up to nearly 30%, they can only serve as the second largest shareholder. They no longer have decision-making power in the Wharf Group. For them, there is no need to hold these shares anymore."
Baochuan Wang nodded and explained in detail.
"I am naturally very happy to cooperate with Mr. Bao and jointly develop Wharf. However, Jardine Matheson has not contacted me. If I take the initiative to buy their shares, the stock price will not be low!" Su Cheng shook his head and smiled.
"Mr. Su should also know about the current situation in Hong Kong. There are only a few powerful consortia, and they certainly have no interest in serving as the second largest shareholder of Wharf. Therefore, it is basically difficult for Jardine Matheson to sell, unless it is sold at a very low price, but Jardine Matheson is unlikely to be willing.
Therefore, the person in Hong Kong who is most likely willing to take over is Mr. Su. Jardine Matheson can definitely see this situation. The crude oil in your hands is known to be very valuable all over the world. They cannot be unaware of this. Therefore, at most within a month, they will personally come to your door, seeking your help!"
Baochuan Wang continued.
Therefore, the shares held by Jardine Matheson and Hongkong Land are destined to be difficult to find a buyer.
And it just so happens that international oil prices are constantly rising, and Su Cheng is a well-known oil storage tycoon. These can all become cash flow.
That is to say, Su Cheng can easily take down these 30% of the shares.
When they cannot withstand the pressure, they will definitely turn to Su Cheng in the end.
"Mr. Bao, since they secretly approached you, hoping that you could take over these 30% of the shares, this is also an opportunity to completely control Wharf. Why don't you take this opportunity to take down these shares? With your position as a director of HSBC, even if you don't have enough funds now, I believe you can easily borrow money to take over their shares," Su Cheng asked curiously.
Although Baochuan Wang had previously discussed this issue with him, Su Cheng really couldn't understand why he didn't take the opportunity to make Wharf a wholly-owned subsidiary of the Global Shipping Group.
Su Cheng had also thought about controlling Wharf before, but at that time, his foundation was shallow, and it was not suitable to make too many enemies in Hong Kong. Therefore, in the end, he chose to give up Wharf and choose Hutchison Whampoa Group.
"Mr. Su, to be honest, I have seriously considered this issue. Sometimes I have also thought about whether to take over all the shares in their hands, but after careful consideration, I still gave up this idea.
I am not afraid to tell you that although the Global Shipping Company is now large and has a large business, many ships are actually bought with loans from HSBC. Now many ships are still earning money to repay the loans, but Mr. Su should also know that the current international shipping industry is getting worse and worse. Fortunately, the oil tanker business has been better recently.
However, other bulk cargo ships, car transport ships, ore bulk cargo ships, timber bulk cargo ships, etc., have almost no business. I rely on long-term rentals to earn meager profits, and now there are fewer and fewer long-term tenants. The profit of the shipping industry is getting lower and lower. This is also why I want to target Wharf.
I don't have much cash flow. My assets are basically those ships. Other investments also account for a part, but the bulk is still on the Global Shipping Group side. The fight with Jardine Matheson has already made me short of funds. Part of it could only be borrowed from HSBC, so I can't continue to borrow money from HSBC, otherwise there will be a possibility of being completely swallowed by HSBC.
I have been dealing with foreigners for so many years, and I am very clear that when doing business with foreigners, even if it seems very trustworthy, you must be careful. Look at how good HSBC's relationship with me is now? But it is possible to repeat the path of Qi Dezun at any moment. Global Shipping Group is the family business that I have worked so hard to create in my life, and I don't want to become the second Qi Dezun!"
This time, Baochuan Wang actually revealed many secrets. Hearing these, Su Cheng realized that there were so many tricks involved.
No wonder he would rather give up directly and completely control Wharf. It turned out to be to prevent being stolen!
Although Baochuan Wang had long had the idea of abandoning the ship and landing, it was impossible to completely abandon the shipping industry. This was his starting industry.
In another world, Baochuan Wang was also like this. Although he later acquired Hutchison Whampoa, invested in Standard Chartered Bank, Hong Kong Dragon Airlines, etc., the shipping business was never abandoned, but the focus was shifted to the shore.
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