Hong Kong 1980: The Savage Era

Chapter 281 282 [The acquisition war officially begins]

While others were celebrating the Spring Festival, Li Zhaoji and Li Jiacheng were busy and happy, and the foreign shareholders of the electric light company also made a lot of money, but the shareholdings of the two were not much different.

The second day of work after the holiday, Luo Qihong continued to be in charge of Dean Securities Investment Company.

Bai Jinyan was wearing a black and white dress that showed off her figure. She was holding a stack of documents in her hand and was reading them as she walked, forgetting to knock on the door.

"Ah Hong, the stock market opened this morning. The share price increase of Hutchison Whampoa has weakened a lot. We are also short of cash flow. Why don't we start selling now?"

Luo Qihong heard the clicking sound of high heels, and looked up to see Bai Jinyan coming in.

Hearing this, he thought for a moment, then nodded and said, "Okay, let's start selling from today. How much profit can we make based on the current stock price?"

Bai Jinyan sat down, picked up the calculator next to him, punched in a series of numbers, and said with a smile, "That's the number. The total profit is close to 4 million yuan, which is even more profitable than the investment in the Japanese market."

"Well, let's sell it quickly while the stock price is high." Luo Qihong smiled happily, "The funds recovered will just make up for the funding gap in the acquisition of Wheelock."

"Then what should we do with the funds we mobilized? Should we repatriate them to Japan or invest them in Hong Kong?" Bai Jinyan thought for a while and asked. She personally wanted to let this batch of funds return to the Japanese stock market. After all, the yen exchange rate continued to rise.

Luo Qihong considered for a while and concluded that Hong Kong's stock market had hit bottom in the second half of last year. Some blue-chip stocks were now seeing a small increase, indicating that the Hong Kong stock market would gradually improve and it would be reasonable to buy at the bottom.

However, the Japanese stock market makes a lot of money, and the Hong Kong stock market can't catch up at all, so it is easy to tell which one is better.

"By gradually repatriating the Japanese stock market, we can use the excess cash to clear some loan debts." Luo Qihong still didn't want to be too greedy, fearing that the plate would be too big and he would face the same predicament as Jianing Company.

"Okay! I heard that Zhang Yuliang wants to meet you. Is it to discuss the acquisition of Wheelock Group?" Bai Jinyan asked with a raised eyebrow.

Luo Qihong stacked the documents slightly and said, "It should be. If Zhang Yuliang didn't intend to sell it, he wouldn't have arranged a meeting. He just needed to call and let him know that he didn't want to sell it."

"Is it possible that Zhang Yuliang doesn't want to sell it, but is worried about making an enemy?" Bai Jinyan asked an inappropriate question.

Luo Qihong laughed and said, "You don't know Zhang Yuliang. He is a rebellious person. How could he be willing to bow his head? This kind of situation is the most unlikely to happen."

"That's good." Bai Jinyan felt relieved, and his mood could not help but rise. If Dean Securities Investment Company swallowed up half of Henderson Land Development, its market value would soar again.

Today, Bai Jinyan's net worth has exceeded 2 million Hong Kong dollars, and she has tens of millions in dividend cash. The company makes money in the Japanese stock market, and her private investment is also making crazy money in Japan. Her net worth is different every day.

In the luxury room of The Peninsula Hotel in Tsim Sha Tsui

There were many dishes on the table, and each one was very expensive. For example, stir-fried sea cucumber cost 5 yuan per plate. The whole table of food could not be paid for at least 1 yuan.

The three people at the table obviously do not have a lot of money; they are just a drop in the ocean.

Zhang Yuliang put down his chopsticks, took a sip of red wine, wiped his mouth with a napkin, and said, "I only have two requests. First, you must completely control Wheelock and Company and not let John Madden and Qiu Debao have an easy time. Second, you must buy my shares at a premium of at least 2%."

Cheng Yutong and Luo Qihong looked at each other and grinned in tacit understanding. Cheng Yutong continued, "We will definitely meet Mr. Zhang's requirements, so don't worry. A 2% premium is also reasonable, but we need to have a good talk about the payment plan." "I only accept cash, not any assets, including securities and stocks." Zhang Yuliang said with a precautionary attitude.

Cheng Yu-tung nodded slightly, "Of course, the current share price of Wheelock is 4.4 yuan, and the premium of 2% is 5.3 yuan. The B share is 0.53 yuan, and the expected payment is 7 million yuan."

"We plan to pay in three installments, the first and second installments are 3%, and the last installment is 4%. Does Mr. Zhang think there is any problem?"

"No problem! The duration cannot exceed half a year, and all payments must be made within the first half of the year." There was no room for doubt in Zhang Yuliang's tone.

"Okay!" Cheng Yutong agreed.

At Cheng Yu-tung's suggestion, Luo Qi-hong began other negotiations. "Mr. Zhang, your family holds a large number of shares in real estate companies such as Real Estate Trust Company, Federal Realty, and Harriman Development. Can you sell them?"

"You know, if Wheelock cannot control these company assets, they are not worth the current market price. The shipping companies under its umbrella have high debts. We need the assistance of these companies to restructure our assets and debts. Otherwise, the funds thrown in will be a bottomless pit."

Zhang Yuliang pretended to think about it, and after a moment he responded, "Well, I also plan to transfer the company back, but you are all very clear about the current situation of Wheelock and Field. It simply cannot afford to acquire these assets. Do you plan to acquire them privately?"

"We will purchase all the shares held by Mr. Zhang at the market price and settle in cash. How about that?" Luo Qihong stared at the expression on Zhang Yuliang's face.

Zhang Yuliang said, "You two should know that my family is investing in Australia. I want to use these assets to exchange for part of Wheelock's assets and companies in Australia."

Wheelock Group owns 2 companies of all sizes, including dozens in Australia, covering wineries, mining, trade, securities, etc.

Luo Qihong was a little surprised that Zhang Yuliang actually looked up to these small industries, but after thinking about it, he felt that it was very normal. Even the smallest company has a structure, and it only needs to inject assets and funds to take off.

Building the architecture by yourself is also a hassle, and Australia is an unfamiliar place, so things are even more restricted. In this case, having an architecture becomes very important.

So the two had no choice but to agree to Zhang Yuliang's request.

The three then discussed the acquisition process and how to deal with John Madden and Chiu Teck Puat.

That afternoon, Wheelock's share price suddenly soared, contrary to its usual practice, from 4.4 yuan this morning to 5.1 yuan per share.

Fortunately, Luo Qihong and Cheng Yutong have already signed an acquisition agreement with Zhang Yuliang, otherwise they would have to worry about Zhang Yuliang taking the opportunity to raise the price.

Although the three people and their companies have not announced any acquisition, there are many different opinions in the market. Some say that Hutchison Whampoa and Wheelock Holdings have re-proposed a merger, while others say that the Wheelock Group is about to undergo a major reorganization.

Seeing that the matter could no longer be concealed, Luo Qihong discussed with Cheng Yutong to complete the equity transfer as soon as possible. As a result, New World Development and Dean Securities Investment divided the shares of Henderson Land Development held by Zhang Yuliang's family equally.

As for the equity of other real estate companies, it would take a long time to handle it, so they focused their main energy on acquiring Wheelock Group.

(End of this chapter)