Several major businesses of Hutchison Whampoa in later generations are what Chen Zhiwen plans to directly copy. After all, they are the five businesses that Li Jiacheng finally selected based on his life experience, and they have been proven to be successful. The only telecommunications business has not yet reached the time. The other ones are The layout can be prepared. The current capital scale of Hutchison Whampoa far exceeds the original history. As time goes by, it will definitely become a larger business giant.
As for Galaxy Real Estate, although he is his own son, he is currently inferior to Hutchison Whampoa in many aspects. The future development direction may be more inclined to choose the right people for investment. As long as the vision is right, the ability to benefit is actually no less than If you invest yourself, your relative influence will be much weaker.
February 15, 1980, New Year’s Eve:
"Come on, brother, this is Australian lobster meat. It's very delicious. You have a try, and Wenjun has a taste too." In the restaurant of the Chen family villa, the two Chen families celebrated the Spring Festival together for the first time.
"For so many years in China, all lobsters, let alone palm-sized lobsters, have been exported, let alone such large lobsters." Chen Tianshou said with a smile.
"Then you should eat more." Chen Zhiwen said with a smile: "There are many places to play in Hong Kong. Uncle, you should stay here for a while."
Wu Xiuling asked: "How long can eldest brother stay in Hong Kong?"
"About half a month. Anyway, I was just about to be transferred to Yanjing, so there isn't much going on." Chen Tianshou said.
"Brother, haven't you decided what position you are currently in Yanjing?" Chen Tianfu asked.
"I should still be in my old line of work, dealing with agricultural planting, but I may have to go to other places more often in the future." Chen Tianshou said with a smile, "It's great to be able to visit all over the country. It's been my dream for half my life."
"That's fine, agriculture is the foundation of a country. When we were young, we really relied on those acres of land." Chen Tianfu said with a smile.
"Uncle, where do you live now?" Chen Zhiwen asked.
"Now I still live in the accommodation arranged by the bureau. There are too many people there. I plan to buy a house in Yanjing so that it will be more convenient in the future." Chen Tianshou said.
"That's fine. I'll go to my uncle's house then. Xinhua News Agency has organized a visit to Yanjing for political and business figures from Hong Kong. It will probably be at the end of March or early April." Chen Zhiwen said with a smile.
It has been more than a year since the domestic reform, and now it has begun to require foreign investment, and Hong Kong companies are naturally the top priority.
"Okay, then I will take you to visit Yanjing." Chen Tianshou said with a smile.
February 25, 1980, the first Monday after the Spring Festival holiday.
In the Hutchison Building and the Stock Exchange, countless wage earners have officially entered their jobs, while countless professional investors are wandering around the Stock Exchange or making external phone calls.
As soon as the opening time comes, the stock exchange is crowded with people and there are endless calls. Many staff are busy. There are really too many people trading. In the past two years, as the Hang Seng Index has hit new highs repeatedly, People who seldom trade stocks make a lot of money, which naturally makes countless people working in the stock exchange jealous. However, their positions restrict them from stock trading. Therefore, even if they resign from their iron job, many people decide to go to the stock exchange. A gamble, which in turn led to a shortage of staff within the stock exchange.
Cao Dafeng is one of them. Two years ago, he gave up his high-quality government job. His whole family did not understand him, and he had several quarrels. However, as he made hundreds of thousands of Hong Kong dollars in the stock market, he continued to invest in Taikoo Shing and Whampoa. After Huayuan bought three houses, the family became much more harmonious. This also allowed him to devote all his efforts to the stock business, and finance was the most profitable.
Amid the noise, suddenly, a louder wave overwhelmed everything. Cao Dafeng looked up and saw many people gathered in front of the railing, shouting loudly. He was heartbroken. This feeling was just like when the Wharf was acquired. .
"Brother, what's wrong?" Cao Dafeng walked into the crowded crowd and found a stock friend with whom he had interacted several times before and asked.
"I don't know. This morning, Hong Kong Electric's stock started to rise. In a short time, it has risen from 3.8 yuan to 4.1 yuan, and it is still rising. It seems that there is a big capital buying Hong Kong Electric's stock." was asked. The person replied.
"30 cents?" Cao Dafeng was shocked. It rose by about 10% in one day. It was not a big deal. Many stocks were like this. However, it had only risen so much less than an hour after the market opened. In addition, Hong Kong Electric The stock is not an ordinary small company stock, it is one of the top ten listed companies in Hong Kong. Under normal circumstances, such a large market can fluctuate by 5% in a day, which is a big problem.
"Do you want to follow? If so, go to the queue together?" said the person opposite.
"No, I have to wait." Cao Dafeng looked at the group of people who were queuing up to buy HK Electric shares, and felt a little uncertain in his heart. Based on his past experience, even if a large amount of capital came in to buy a company's shares, it would still be a long time. It is impossible to continue to blindly acquire like this. The most common method is to buy to a certain extent, wait for a bunch of people to follow suit, and then immediately sell it at a high price to make a profit and exit.
"You're so stupid. You don't even need the money." The person on the other side said and left.
Cao Dafeng doesn't care about other people's opinions. He is very careful about this sudden wealth opportunity. The bigger the pie, the bigger the trap may be.
While watching the crowds of people rushing in to buy stocks, Cao Dafeng watched the stock rise from outside. Two hours later, he discovered something unusual, because although Hong Kong Electric's stock was still rising, the increase began to decline.
Analyzing with normal logic, if the buyers behind this stock increase continue to acquire stocks, coupled with the crazy investors who are now buying stocks and the capital of countless remote operations on the phone, the stock price should rise even higher, but If it slows down, it means that someone is buying less or even taking action at a high position.
By noon, the stock's rise came to a standstill. At this time, everyone reacted. Immediately, a bunch of people returned to the original place where they bought stocks and queued up, just to sell the stocks in their hands.
In the afternoon, in the VIP member room above the Hong Kong Stock Exchange:
"When stocks go up, they immediately rush to buy them. When stocks fall, they immediately rush to sell them. They have no idea that it is because of their behavior that the stock prices fluctuate. If they want to speculate, they don't even have the determination to do so." Chen Zhiwen sighed and said, after this wave of operations, he will be able to collect more stocks from the stock market, and the losers will naturally be the group of people below and the investors who were notified by so many calls, but these are all speculation. Yes, he felt at ease cutting these leeks. After all, this group of people themselves only wanted to cut other people.
"If they are so smart, they are no longer small investors. It has been decades since the birth of the stock market. It is estimated that these people will still be the same in a few decades." Yang Xiao from the Zhou family behind him said.
"That's true." Chen Zhiwen nodded. Even if people in the 21st century have the Internet and can find a lot of information, they are still so impulsive. At the peak of the A-share bull market in 2008, I don't know how many people still jumped into it with their family property. .
"Chen Sheng, in today's round of operations, we have 0.7% more stocks in our hands. Now we have 27.8% of HK Electric's stocks in our hands." Xu Jinhong said on the side.
"Then according to the plan, we will directly pay a premium of 20% and acquire it through cash on-site transactions. However, do not announce to the public how many shares we hold in our hands. We will acquire it first. At most, we can claim that we only have 34.9%." Chen Zhiwen nodded and said.
Although it is a bit difficult to transfer all the US dollars earned in the United States, part of it is still very easy. As long as the money is in place, several major investment banks can do it very easily. In more than a month, in addition to the principal, , more than US$300 million has returned to Hong Kong.
With so much money, and there will be no high-return financial opportunities in the short term, it is natural to invest funds in company acquisitions.
"Okay, then I'll be ready to release the news immediately." Xu Jinhong said with a smile.
In the afternoon of that day, a piece of news shocked the entire Hong Kong financial circle: Galaxy Group and Hutchison Whampoa Group formed a joint consortium to acquire HK Electric's shares in an on-site cash transaction for HK$4.5 per share. No one knows the exact amount acquired. Source Shows unknown.
When the news came out, the whole Hong Kong was shocked!
Hong Kong Electric Group is the second largest power company in Hong Kong. It monopolizes the power supply of Hong Kong Island and owns a large amount of high-quality land. Although it is not as large as Hutchison Whampoa and other four major foreign companies, due to its stable profits, the total market value is 30-40 per year. Billion Hong Kong dollars, it is one of the top ten companies in Hong Kong by market capitalization.
The market reaction was even more intense. Hong Kong Electric's stock immediately rose by 25% to HK$4.8 per share, and the price was even higher than the acquisition price announced by Galaxy Group.
Countless stock investors were even more crazy about it, while Cao Dafeng breathed a sigh of relief. He made a big deal when Hong Kong Electric's stock price fell to its previous normal price at noon. Now it seems that he made a fortune in blood. It was just a few seconds. A W is stable.
Hong Le Building:
"As I predicted, Chen Zhiwen will not only be satisfied with acquiring Hutchison and Wharf, but now he has indeed taken action against Hong Kong Electric." After receiving the news, Mr. Newbijian was a little surprised, but then he calmed down.
"HK Electric is indeed the best target to start with. The power group's income is stable every year, which is slightly worse than during the oil crisis in the past two years. And the high-quality real estate under HK Electric is also enviable, especially When Hong Kong Electric's power plant on Hong Kong Island is moved to Lamma Island, the land left behind will be worth at least 2 billion. If I had money, I would also like to buy it." Real Estate Group chief executive Pau Fuda shook his head with regret.
"I think now is a good opportunity." Newbijian said with a smile.
"Are we also going to participate in the acquisition? Compete with Chen Zhiwen for Hong Kong Electric?" Bao Fuda said in a daze. If Niubijian was his subordinate, he would probably scold him. His own Wharf had lost before, and now he is still fighting against him. Are they going to rob another company?
"Yes, I was actually interested in Hong Kong Electric before. It's just that Hong Kong Electric is too big. If we want to acquire it, we have to prepare at least 2 billion Hong Kong dollars in funds or credit. It's too much pressure for us, so I have always said We are waiting for an opportunity, because HK Electric's stock has been falling during this period, while Land's stock and the value of so many of our properties have been rising. As long as it reaches a certain level, we will have enough credit." Newbijian explained. .
"It's right to think this way. Although Hong Kong Electric owns a large amount of high-quality land, many of them cannot be developed in the past two or three years. Coupled with the sharp increase in energy prices caused by the oil crisis, if Hong Kong housing prices rise further, we can indeed Let’s give it a try.” Bao Fuda nodded and said, “But the time has not yet come. Chen Zhiwen has taken action again. If we intervene, it will cause Hong Kong Electric’s stock price to rise sharply, and we don’t even have a single stock in hand. , and the funds are not enough.”
"If it were normal times, it would be difficult for us to acquire, but it is different now." Niubijian smiled and said: "Do you think we are the only ones in Hong Kong who don't want Chen Zhiwen to acquire HK Electric again? Who else is more serious than us? Don’t you want Hong Kong Electric to become Chen Zhiwen’s?”
"You mean, Shen Bi?" Bao Fuda said. The last Wharf incident not only caused Jardine to lose the Wharf, but also made HSBC lose a little face. Moreover, for HSBC, any local consortium exceeds HSBC in scale. , or this potential is intolerable.
In the past, HSBC's biggest potential rival was Hang Seng Bank. Later, HSBC took advantage of the banking crisis in the 1960s to acquire and control Hang Seng, and then came the entire Jardine Matheson Group. The two sides had been fighting secretly for more than ten years, and no one could do anything about the other. But now, against The biggest threat to HSBC is naturally Chen Zhiwen. It can even be said that it has surpassed HSBC in some aspects, but it may not be as good as in terms of influence and scale. But if it acquires HK Electric again, it will be difficult to say.
"Shen Bi will never tolerate Chen Zhiwen's acquisition of Hong Kong Electric again, but HSBC is restricted by law and cannot directly participate in ordinary business. Do you think that with Chen Zhiwen's current scale, except for us at Jardines who are willing to stand up, who else would dare to take the risk?" The risk of offending him." Niubijian said with a smile: "As long as I can get the support of HSBC, I am sure to win this time."
(End of chapter)
