"I want to acquire 3.2% of your shares in Rio Tinto, what do you think?" Chen Zhiwen said.
"Acquisition, not mortgage?" Niubijian asked.
"Yes, you also wrote about the 3.2% Rio Tinto shares above. Its value is about 40 million US dollars. I purchased it directly. How about it?" Chen Zhiwen nodded and said.
Chen Zhiwen was a little surprised when he suddenly discovered Rio Tinto. Mining was an international business prepared by Chen Zhiwen for Hutchison Whampoa. In the original history, Hutchison Whampoa controlled by Li Jiacheng also participated in it, but the results were average and far inferior to other companies. Achievements in the port.
Two years ago, Chen Zhiwen arranged for Hutchison Whampoa to acquire a mining exploration company, and then arranged for the company to purchase exploration rights in some places that were recognized as the most likely, and then conduct surveys. In his memory, he knew roughly where the locations of some large mineral deposits were, but to accurately survey the mineral deposits, it was best to have latitude and longitude-level accuracy. Chen Zhiwen obviously couldn't provide that, so he could only give a general location, so that The men went to look for it.
Theoretically speaking, the probability of such a search would be much higher than that of other companies. However, a year has passed and several survey teams have still not found it. The previous survey rights had cost tens of millions of dollars. Well Chen Zhiwen was not in a hurry. After sending someone to confirm that the survey team was not fishing, he could only wait with peace of mind.
In fact, if a large mineral deposit is detected, Chen Zhiwen has already thought about how to deal with it. He can only cooperate with international mining giants to develop it, because he does not have such experience. Through cooperation with the giants, it will take a long time. Now you have your own team, which takes time to polish.
As for which company to choose, he didn't take the initiative to choose because there were no survey results yet. But at this moment, he suddenly saw that Rio Tinto's shares were among Jardine's collateral, and he suddenly became interested.
Rio Tinto is one of the three largest mining giants in the world in later generations, but it may not be ranked among the top ten now. It can develop to a later scale because of its successful operations and multiple acquisitions. Its current scale is about In the billions of dollars.
"Rio Tinto's stock is our core asset at Jardine Matheson. Sorry, it will not be sold, it can only be mortgaged." Newbijian shook his head and said.
"That's such a pity, but I cannot accept any of Jardine's overseas assets, except Rio Tinto, as collateral," said Chen Zhiwen.
As early as the 1950s, the Jardine Matheson Group began to implement the strategy of "make money in Hong Kong and invest overseas", using Hong Kong's large wealth to invest overseas. By the early 1970s, the entire Jardine Matheson Group's overseas assets had exceeded those in Hong Kong. But he also missed out on a lot of wealth.
Of course, Jardine Matheson's foundation is too strong. Even if it misses many opportunities, it is still the largest consortium after HSBC.
But Jardine Matheson’s overseas investments cannot be described as bad. The diamond mines in South Africa, the rubber plantations and sugar cane plantations in Southeast Asia, the forest farms in Canada, etc., although they have certain value, are completely unrelated industries.
"So, if we at Yihe are willing to take action on Rio Tinto, Chen Sheng can consider it?" Niubijian seemed to understand what Chen Zhiwen meant.
"Let's put it this way, I don't want other collateral overseas. Some properties here in Hong Kong can be mortgaged twice, but you still need to sign an agreement. If your collateral is insufficient or you cannot repay the payment, I will have the right to seize the trading building. ." Chen Zhiwen said again.
The appearance of Rio Tinto was an unexpected surprise. He didn't know it before. But this time he came here, he would definitely need to cooperate with Land, that is, a loan of 3 billion would be given to the other party anyway.
If you don't want to give up your children, you can't trap the wolf. You can only become a big creditor of Land. When the real estate crisis breaks out, you can desperately collect debts to suppress Land's stock price or destroy Land's related interest chains, etc.
The reason for this is that when a large consortium defaults on a huge amount of debt, ordinary banks will not dare to excessively press the debt, unless it is really hopeless. As long as there is still a little hope, the creditor bank will Don't dare to go too far.
For example, Hutchison was insolvent a few years ago, but HSBC had to take the risk to take over Hutchison Whampoa. Or Oriental Overseas, which was about to erupt in a debt crisis in another year, owed HK$5 billion in debt, but in the end Director Er However, Dai succeeded in getting various banks to lend him another 1.8 billion for debt restructuring. Although the biggest contributor was Dong Erdai's ability, the foundation of success was that the banks did not dare to die.
Land will also encounter something like this in the future, and it will be on a larger scale. Banks can only hold back and dare not take action, but if Chen Zhiwen becomes one of the creditors, he will dare.
"Okay, no problem." Niubijian and Bao Fuda discussed in low voices for a moment, then nodded and agreed. They firmly believe that Hong Kong's housing prices will definitely rise sharply in the future. As long as this day comes, then all today's high-risk liabilities will be eliminated. is any debt issue.
"Okay, Mr. Huo Jianning will communicate with you about the value of the collateral later," Chen Zhiwen said.
"No problem, we will send the specific information to Hisense Bank within three days." Niubijian said: "We can sell Rio Tinto stocks, but we need to tell the management of Rio Tinto that our two companies , we have certain business cooperation and have a relatively long history.”
"Yes, but Hisense Bank will not lend until the Rio Tinto stock transaction is completed." Chen Zhiwen said.
Rio Tinto and Jardine Matheson actually belonged to the same company more than a hundred years ago. Later, for some reason, they were split into three. Jardine Matheson was stationed in Hong Kong, while Rio Tinto entered the international mining industry. It is normal for the two to have a good relationship. .
A week later, Jardine Matheson decisively sold 3.2% of its Rio Tinto shares to Chen Zhiwen for US$39.6 million. Subsequently, Hisense also issued a loan of US$3 billion.
Later, Chen Zhiwen came to Hutchison Building.
"Lao Zhou, how is the mineral mining in Canada and Australia going?" Chen Zhiwen asked.
Canada and Australia are one of the most sparsely populated countries in the world. In recent years, they have also had great policies for foreign-invested mineral development. Therefore, they have become the most ideal places for countless large mining companies and mining gold prospectors around the world, and the country's credibility Relatively high, as long as uranium mines and large oil and gas fields that are prone to breed "US military" are not discovered, there is basically no problem.
"There have been no discoveries in Canada so far, but over Christmas Creek in Australia, the edges of some ore veins have been discovered, but the core of the iron ore has not yet been found. It may take some time to determine the location and reserves." Zhou Family Yang replied.
In the past two years, Hutchison Mining has spent more than 40 million US dollars to buy large-scale exploration rights in Christmas Creek, Australia and Voyce Bay, Canada. What followed was endless exploration. I thought there would be no results. Unexpectedly, iron ore has been discovered. However, the scale is not yet known, and considering the local transportation, we may have to rely on the train tracks that have been built by other giants. This is very likely to be ripped off, or just Develop together with others.
"Okay, it's good to be able to discover iron ore, so I'm not in a hurry." Chen Zhiwen nodded, and then said: "Rio Tinto, you know, right?"
"I know, one of the largest mining companies in the world." Zhou Jiayang said.
"Previously, I reached an agreement with Jardine Matheson to acquire 3.2% of Rio Tinto shares from them. This is an opportunity, so I want Hutchison to continue to acquire Rio Tinto shares on the British stock market." Chen Zhiwen said.
"Chen Sheng, do you have the intention to acquire Rio Tinto?" Zhou Jiayang asked tentatively.
"No, this is purely investment. If possible in the future, we can just add a director. The main reason is that if we find some mineral deposits that we ourselves are unable to develop, then with a mining company with a long history and rich experience like Rio Tinto, Cooperation is a very good choice, so buy shares in advance." Chen Zhiwen said.
Acquiring Rio Tinto is actually not difficult. First, Rio Tinto’s market value is currently only over a billion US dollars. If you are really determined to acquire it, you can do it. And Rio Tinto itself is not a core industry like high-tech, and currently The scale is not large enough to affect the security issues of a certain country. Furthermore, in the current era of trade liberalization, as long as the field is not too sensitive, even Chen Zhiwen has a certain opportunity to acquire it. At the same time, , in order to obtain benefits, those investment banks involved in the transaction will definitely try their best to facilitate this transaction.
But the problem is that once it is acquired by itself, it will be difficult for Rio Tinto to become one of the three major mining giants in history in the future, because it is one thing to acquire a mining company ranked around tenth, but if there are no European and American Background, it is difficult to guarantee interests in many other countries, and Chen Zhiwen and his subordinates do not have the ability to continue to develop and grow Rio Tinto.
At this time, investment is the best choice. As long as the share ratio is reached and some benefits are exchanged, it is not impossible to get a director. Everything is a relationship of interest.
"Okay, it just so happens that Hutchison has a lot of foreign exchange on hand recently, which can be used here." Zhou Jiayang nodded and said.
"Have you almost exchanged the Hong Kong dollars in your hands?" Chen Zhiwen asked.
"It's almost the same. Japan's Sumitomo Bank recently signed a large loan agreement with a Hong Kong real estate group. I was planning to use Japanese yen to exchange for Hong Kong dollars with the Hong Kong government, but after I knew about it in advance, I stopped it. , I still need some time to convert the Japanese yen in my hand into US dollars." Zhou Jiayang said.
"Which real estate company in Hong Kong?" Chen Zhiwen asked. Those who dare to continue to bet on real estate at this time are the same as Land. They are more stubborn and firmly believe that Hong Kong will remain unchanged in the future. Relying on their British background, It will continue to serve as the mainland’s only window to the outside world.
"It's Hang Lung Group. Recently, they formed a consortium with several other listed real estate companies and jointly purchased 9 properties of the MTR Corporation. It is said that the land price will cost 4 billion Hong Kong dollars, and the subsequent construction costs will also cost 5 billion. Banks here in Hong Kong They don't dare to accept such a large amount, so they can only find overseas banks." Zhou Jiayang said.
"I have such a big appetite, but it's a pity that I will overeat." Chen Zhiwen shook his head and said. If land prices rise like in previous years, the profits from the nine subway properties are estimated to be HK$3 to 5 billion. Hang Lung is obviously betting on its fate.
It's a pity that it failed completely. In the original history, although Hang Lung survived until 1985, due to lack of money, the transaction with the Hong Kong government defaulted. The subway project was taken back by the Hong Kong government, resulting in huge losses. It took more than ten years to recover. But it also missed the best opportunity for development.
However, a skinny camel is bigger than a horse. The second generation of Hang Lung Properties still donated US$350 million to Harvard in the 21st century, and they are very wealthy.
"Actually, Hang Lung was able to acquire 9 subway properties, which is problematic in itself. If it was a few years ago, when everyone was rushing to bid, how could Hang Lung acquire so many properties," said Yang Xiao of the Zhou family.
"Yes." Chen Zhiwen nodded and said: "The Falklands War is over and the British won. Now Thatcher is arrogant and often comments on Hong Kong. It is said that he will go to Yanjing soon. By then, it may be Hong Kong The real estate industry’s nightmare has begun.”
Except for 1973, the real estate crises in Hong Kong's history were all related to the mainland. After all, the foundation for maintaining Hong Kong's economy over the past few decades has been the entry of a large number of mainland talents and the location of the trading port. Once this goes wrong, The real estate market will plummet immediately.
"After waiting for so long, it's finally here." Yang Xiao of the Zhou family said that they had known some of the boss's plans for a long time, and the real estate market was as predicted by the boss in the early days. By 1981, housing prices were basically not good. , but it is still at a high level, allowing Hutchison Whampoa and Wharf to cash out a lot of funds.
"Don't convert the Japanese yen in your hand into US dollars yet. Go to Japan to invest in some properties." Chen Zhiwen thought for a while and then said.
It is now 1982, and the future [Hiroshima Agreement] is only three years away. My group currently has sufficient funds, but it also lacks investment objects that can accommodate a large amount of funds. It is better to go to Japan to buy some properties in advance.
Moreover, Japan's real estate market began to take off rapidly after 1985, but it had been rising in the previous ten years. Housing prices have a lot to do with the local economy. Since the 1970s, Japan's steel, home appliances, automobiles, Chips, processing equipment, etc., defeated their American counterparts one by one and occupied a large number of international markets. This naturally led to the overheating development of Japan's domestic economy. As a barometer of the economy, housing prices will inevitably increase.
"Going to Tokyo?" Zhou Jiayang asked.
"Yes, let's go to Tokyo, especially Ginza, and see if we can buy some properties. With Japan's current economic situation, it's comparable to our Central District in Hong Kong. If not, buy some houses in Tokyo." Chen Zhiwen nodded and said. .
It is naturally very difficult to acquire large office buildings in Ginza, but if it is some small properties or floors sold in tiers, there are still opportunities when the Japanese real estate market is not completely booming. By the late 1980s, Tokyo Real Estate's The value can be described as crazy.
According to original historical records, an apartment in downtown Tokyo could be sold for US$3 million in 1989, and office buildings were worth even more.
Although the Hong Kong real estate market is about to experience a sharp decline, except for some very rare special properties, most of them are more cost-effective to wait until 1984 to purchase on a large scale. In the past two years, it happened to be when the Japanese real estate market was not yet hot. Investment is not bad.
PS: Does anyone have COVID-19 and doesn’t have much fever, but their noses are always blocked? I can’t sleep well at night, o(╥﹏╥)oIt’s painful
(End of chapter)
