This trip was just to relax in Yihe for a while, but there was no need for the Chen family to float on the sea for half a month.
After a short circle of the cruise ship, we arrived at Wanwan. The most convenient place to take a family out for a trip is naturally Wanwan, where we speak almost the same language.
Naturally, such a large cruise ship needs to go through the immigration process, and a group of leaders from Kaohsiung City who received the news came to the port to welcome it.
Wanwan, like the mainland in the 1990s, is in urgent need of foreign investment. As Chen Zhiwen, he will be treated very high-level wherever he goes to Wanwan. If in the 1990s, General Electric, Siemens of Germany, or several major When the CEO of an automobile giant comes to visit a mainland city, can the local government turn a blind eye?
Although the main purpose of coming here is not investment, after being politely received, Chen Zhiwen agreed to let Red Bull come to Wanwan to build a very cool factory, which can not only solve the problem of high water bills in Hong Kong, but also expand into the Wanwan. Bay market.
Moreover, in the future, our main production base will be in the mainland, but if sensitive technologies are involved, Wanwan is the best choice.
After receiving the investment, Kaohsiung City officials did not continue to disturb them and allowed the Chen family to visit Wanwan for about ten days.
Although he is far away from Hong Kong, with a satellite phone, Chen Zhiwen is also aware of what is happening in Hong Kong every day.
After Jardine Matheson announced that it would not give up defending Wharf and HSBC announced that it would help Jardine, Wharf's stock rose directly to HK$60. The next day, there was no movement from Jardine Matheson Group, and the stock price began to fall to HK$55. There was still no movement for three days. The market was suddenly full of doubts, and the stock price quickly fell below HK$50, falling vertically.
On the Galaxy side, there has been no movement. The table set up on the Hong Kong Stock Exchange is still 40 Hong Kong dollars, which makes people even more worried.
Fortunately, on the fourth day, Jardine Matheson Group also began to use funds to scan the market for goods. However, as soon as the news came out, Wharf's stock price once again rose sharply to exceed HK$50, and the market suddenly regained its enthusiasm.
Just a few days later, the stock price did not rise significantly. Experienced people can quickly analyze that it is because there is no big capital, and most of them rely on investors' own funds to maintain the high stock price. Therefore, some Funds began to withdraw, and the stock price began to fall again, but when it was almost 40, funds began to acquire again, so the stock price took another tick.
After repeating the cycle several times, Wharf's stock price still remains at around HK$40-45.
"Sure enough, as we suspected, Jardine Matheson has money, but he is reluctant to use it to acquire a large number of Wharf stocks." After returning to Hong Kong, Chen Zhiwen said with a smile after listening to a more complete report.
"The price of 45 Hong Kong dollars is too much for Jardine Matheson. Unless we are willing to spend 1 billion, we will not be able to win at all. But if we really spend so much money, Wharf's stock price will probably double." Zhou Jia Yang laughed. said.
"Can you roughly calculate how much Yihe spent in the past half month?" Chen Zhiwen asked.
"It is estimated to be 100-150 million Hong Kong dollars. Although they are asking for money, it is not that easy to keep the stock price from falling to 40. It is impossible without spending real money." Zhou Jiayang said.
"What about Land's shares?" Chen Zhiwen asked again.
"We have acquired a total of 12.3% of the stock, mainly due to the previous release of false news to suppress the stock price. But now Jardine Matheson's strategy has become obvious and it seems that it cannot be sustained. This has led many people to think that Land will not No matter how much additional debt we take on, Land’s stock price will rise again, and our acquisitions will have no choice but to be suspended,” Zhou Jiayang said.
"There is no need to stop. Just use multiple accounts to continue the acquisition. No matter what happens to Wharf, the acquisition of Land shares should not be stopped." Chen Zhiwen thought for a while and said: "Also, make an appointment with Shen Bi and say that I will come back from travel. Now, we can meet, let’s schedule it in three days.”
"Okay, then I'll make the arrangements." Zhou Jiayang said.
Three days later, it was still the Peninsula Hotel that Shen Bi proposed before.
Chen Zhiwen took Zhou Jiayang and Xu Jinhong with him, Shen Bi took Diss, and Niubijian took Bao Fuda. All three parties came to the presidential suite where the meeting was held.
"Mr. Shen Bi, I'm sorry. The last time you made an appointment with me, it happened to coincide with my vacation time with my family. You also know that vacations are very important in British culture. I also attach great importance to this in Hong Kong, so I'm here. I won't be able to come this time. After returning to Hong Kong, I will ask you out as soon as possible." Chen Zhiwen saw Shen Bi with a somewhat unkind expression and said with a smile.
"Yes, spending time with your family during vacation is the most important thing." Shen Bi's eyelids twitched. You Chinese people are all workaholics at work, even your boss is no exception. When you have an appointment, do you pay attention to vacation?
But everyone knows that this is a step, especially the step of British culture, so he can only sit down along this step.
"Mr. Niubijian, long time no see." Chen Zhiwen smiled at Niubijian again.
"Yeah, long time no see." Niubijian was very unhappy looking at the Chinese in front of him, but he could only endure it. It is not ten years ago. The Chinese capital in Hong Kong is getting stronger and stronger, especially the people in front of him. Even if No matter how much he doesn't like the other party in his heart, he has to admit that Chen Zhiwen already has the ability to arm-wrestle with the British capital, and judging from the current situation, he is still at a disadvantage.
"Everyone, sit down." Shen Bi greeted: "Recent events have affected the normal development of Hong Kong's economy. Governor MacLehose has also asked me about this matter. You two should have a good discussion here today. Let’s not be like the land-drinking milk company that turned the stock market upside down.”
"Mr. Shen Bi is overly concerned. The stocks I purchased were paid by cash check. Anyone who can get it can immediately go to the nearby Standard Chartered Bank to exchange it for cash. If the Hong Kong Stock Exchange did not allow cash exceeding one million, I would have I just came with cash." Chen Zhiwen glanced at Niubijian and said with a smile: "In terms of popularity and reputation, I can't compare with Land. I can exchange stocks of other companies with just stock certificates."
"Hmph." Niubijian snorted coldly, and Bao Fuda behind him also looked unkind.
Chen Zhiwen was satirizing Land. During the acquisition battle of Land Drinking Milk five years ago, Land had proposed a stock-for-share strategy. There was nothing wrong with this in itself, but Land did not issue shares directly, but issued stock certificates. This certificate can be exchanged for corresponding stock shares after three months.
As a result, within three months after the completion of the acquisition, the real estate crisis and the stock market crisis broke out. Land's stock price suffered a sharp cut, and many investors suffered heavy losses. It is true that this move allowed Land to acquire the milk company without spending a penny, but the stock market The reputation is basically ruined, and it has even affected all subsequent business acquisitions. If the money is not paid directly, the shareholders will not buy it.
Shen Bi said: "Okay, let's get down to business. Chen Sheng and Wharf are one of the core assets of Jardine Matheson. If you want to acquire it, and Newbijian wants to keep it, let's discuss it here today. Chen Sheng, you What conditions do you want before you give up the acquisition of Wharf?"
"When Real Estate wanted to acquire the milk company, Sir Zhou Xinian should have asked this question, right? I wonder how you answered it back then?" Chen Zhiwen asked playfully.
"When that incident happened, I was still not the chief executive of Jardine, and Bao Fuda was not the chief executive of Real Estate." Niubijian shook the blame away easily.
"There is no need to mention what happened back then." Shen Bi added: "I made an appointment with both of you today just to avoid a recurrence of the situation back then. Even if there is no exchange of shares for shares, if both of you are competing in the stock market, , will only drive up the stock price. You will buy high-value stocks from investors or some speculators at higher prices. In the end, no matter who loses or wins, both of you will have to pay hundreds of millions of dollars.
If you think this is acceptable, there is no need to talk today. "
"Okay, if that's the case, then I have to say, Wharf, I am bound to win." Chen Zhiwen said lightly: "This company holds a large amount of high-quality land, but in your hands, it loses money every year, and the entire stock price is worth one billion Hong Kong dollars. It's less than that. It's just a waste of money. Wharf investors are really unlucky to encounter management like you. Apart from me, even Li Jiacheng has also discovered this goal. Niu Bijian, there are some things that if you can't master them, you'd better not give them up. Good control.”
"If you want to make an acquisition, don't use the interests of shareholders as the reason. It's better to be more direct." Newbijian said.
"You don't like to hear it, but stock investors like to hear it." Chen Zhiwen said with a smile.
Newbijian changed his face upon hearing this and said, "You want to hold a shareholders' meeting?"
"I am the largest shareholder of Wharf, and I have the right to convene a shareholders' meeting to seek benefits for all shareholders." Chen Zhiwen shrugged and said, "However, if you take the initiative to let go today, then there is no need."
"Dreaming," said Newbijian.
"Okay, there's no need to talk if you continue like this." Shen Bi said again: "Sheng Chen, if Land Land exchanges their properties in Hong Kong for the Wharf stocks in your hands, would you be willing?"
"What? Are Land ready to sell the Central Building?" Chen Zhiwen looked at Bao Fuda and asked with a smile.
"The Golden Gate Building and Prince's Building in Central and the Windsor Building in Tsim Sha Tsui, Kowloon can all be traded, or some of the land that the Dairy Company once owned in Pok Fu Lam." Bao Fuda said with a livid face.
"These buildings are indeed good, but compared to Wharf, they are still a bit inferior." Chen Zhiwen said lightly.
"Sheng Chen, are you kidding? The value of the two Central buildings, plus other properties, before Li Jiacheng stirred up Wharf stocks, was enough to exceed half of the market value of Wharf. Now we are very sincere in exchanging this." New York Bi Jian frowned and said.
"The Central Building is indeed very attractive, but to me, it's still not as good as a large real estate company." Chen Zhiwen shook his head and said, "Actually, I don't think you need to increase your investment. Even if you take out the Connaught Building, I won't." Willing to exchange.”
Before the opening of Harbor City, Hong Kong as a whole, including Jardine Matheson insiders, no matter how optimistic they were about this project, their estimates were far less than its actual future value, not to mention that outside of Harbor City, Wharf still had There are a large number of properties, and the most famous Times Square in Hong Kong was built on the land of Wharf.
"Then there's nothing to talk about?" Niubijian said coldly.
"Not really." Chen Zhiwen smiled and said: "Niubijian, now that I have 40% of the stocks in my hands, you are only one shareholder meeting away from losing control of Wharf, so in order to avoid embarrassment , I can acquire 10% of your shares at HK$30 per share."
"30 Hong Kong dollars? Isn't it 40?" Niubijian said after a pause.
"On the Hong Kong Stock Exchange, the current price is 30, which has dropped." Chen Zhiwen said lightly: "Buyers in the stock market are not strong, so of course I will lower the price."
"You" Niubijian clenched his fists. He had spent more than 100 million Hong Kong dollars to slowly maintain the stock price. He originally wanted to hold on until he met with Chen Zhiwen and then conduct a transaction with him to replace Wharf shares with the Central Building. This transaction Originally they thought there would be no problem, it was just a matter of price. After all, the future of Wharf was always uncertain, and the Central Building was real wealth, but they didn't expect that he would never let go.
But in this way, Yihe is in an embarrassing situation again. Should it be maintained? If not, it will be lost. If it is maintained, it will be unbearable.
Chen Zhiwen's price reduction may, on the surface, allow Jardine to invest less money, but it is also a signal to the market that Jardine is in trouble. After all, if the acquirer is strong, the stock price will not be able to come down.
"Mr. Shen Bi, I think I am going to hold a shareholders' meeting in ten days. HSBC should make a careful decision on what to do." Chen Zhiwen looked at Shen Bi and asked, although he felt that it was unlikely that Yihe would really fight with him. , but if it really happens, he will still have a headache. He may spend hundreds of millions more for nothing, which will make no one happy, and the basis of this possibility is Shen Bi.
"Okay, I understand." Shen Bi nodded and said.
"Then farewell, please think it over carefully." Chen Zhiwen said goodbye and left, leaving only four ghost guys in the room.
Shen Bi glanced at Niubijian with a solemn expression and said, "Exchanging the Central Building for Wharf shares won't work. What do you want to do next? Judging from the current situation, you have almost no chance. Unless you are really prepared to spend about one billion Hong Kong dollars in cash to compete with him in the stock market."
Newbijian asked: "Even if we spend one billion Hong Kong dollars in cash, what do you think our probability of winning is?"
"It's very low. Chen Zhiwen will definitely not give up. He has more stocks." Shen Bi shook his head and said: "In the past few years, you, Jardine, have been unwilling to sell other properties in Wharf's hands, or to cooperate with Chinese real estate companies. For cooperative development, you have to raise shares in the stock market, diluting your own Wharf shares to less than 10%. I have reminded you many times.
If this is a normal situation, no one would dare to touch you, so there is no risk. However, Chen Zhiwen has already acquired Hutchison in advance. You still use this method and let him seize the opportunity. Now the wolf bites you on the thigh, and you want him to let go. It's very difficult. "
"After Chen Zhiwen acquired Hutchison, we have appropriately increased our shares in Wharf, and most of Wharf's financing was before he acquired Hutchison. After Chen Zhiwen revealed that he owned 35% of the shares, I went back and checked The financing records of the past few years, in fact, since the end of 2073, every share increase financing of Wharf has been very smooth. It was so smooth that we were a little surprised at the time, but we didn’t think too much about it at the time. Looking back now, we found that Only then did I confirm that this was abnormal." Niubijian said coldly.
Shen Bi was stunned for a moment and said, "You mean, in 1973, Chen Zhiwen started preparing to acquire Wharf?"
"In 1973, Chen Zhiwen's Red Bull was just getting started, right? He probably didn't have that much money, right?" Diss on the side also said in surprise. HSBC knew the best about Chen Zhiwen's development process.
"If that's the case, it should be that he still has a lot of money elsewhere, and he has been secretly acquiring Wharf stocks since 1973." Shen Bi thought for a while and said, "That makes sense. That makes sense. I have always been curious about where the funds he invested in the United States came from. He also invested a lot of money in the acquisition of Hutchison and the privatization of Whampoa. This is very different from the scale of his existing industry. questions."
"It should be like this, but in 1973, where did he get so much money?" Diess said puzzledly. From their rough speculation, it would have required at least two to three billion Hong Kong dollars, and the two or three in 1973 100 million, which was almost half the profit of HSBC. It was also an economic crisis at that time. There were probably not many companies in Hong Kong that could afford this amount of money.
"It's not important anymore. So what if you know it? It's definitely legal. If it's not legal, you can't make so much money." Shen Bi shook his head and said: "It seems that a few years ago, Chen Zhiwen had already Hutchison, Hutchison and even HSBC are involved in the scheme. He may not have known what would happen to today's situation a few years ago, but he is already preparing for it."
"You are really playing a big game, are you really not afraid of miscalculation?" Niubijian said with a frown.
"If you make a mistake, just treat it as an investment, and you probably won't lose money." Shen Bi said.
"I need to communicate with the Keswick family before deciding what to do next."
(End of chapter)
