Hong Kong 1980: The Savage Era

Chapter 347 348 [Struggle]

This acquisition is somewhat different from the previous one. The total asset value has reached 21 billion yuan, and it can be obtained by paying only one-fifth of the price.

The profits here are tempting enough that Luo Qihong even wants to keep it all for himself.

"In this case, I also agree with what Liu Sheng said. Let's go talk to Li Fusu and Feng Yongxiang." Luo Qihong said heavily.

"I remember that Luo Sheng and Li Fushu have had dealings before. Why not let Luo Sheng come forward? This way we can achieve better results." Liu Luanxiong stared at Luo Qihong and said.

There was a determination in Liu Luanxiong's eyes, this was the best opportunity to directly cross the level of wealthy people.

"Okay, I'll make an appointment with Li Fushu, but the premium cannot be low, otherwise Li Fushu and Feng Yongxiang will not let go." Luo Qihong said.

Liu Luanxiong is not a generous person, especially in business, he likes to make extreme acquisitions, but Luo Qihong does not like this approach because it is easy to lose opportunities and offend people.

"So what premium do you think is appropriate, Mr. Luo?" asked Liu Luanxiong.

Luo Qihong raised two fingers and said, "20 yuan per share, how about that?"

The current purchase price is 16 yuan per share, a premium of 25%.

At this price, Li Fushu and Feng Yongxiang would not refuse it, because they both lack confidence in the acquisition, and taking profits and leaving is the best option.

"It's too high, 19 yuan per share. What do you think, Mr. Luo?" Liu Luanxiong asked tentatively.

"Okay, let's start with 19 yuan per share. If that doesn't work, then 20 yuan per share." Luo Qihong nodded.

Liang Botao said, "In fact, 19 yuan per share is already very tempting. I think the starting price for negotiations can be reduced to 18 yuan per share, leaving more room for negotiation."

Liang Botao is already a well-known acquisition expert in Hong Kong. Many wealthy people and companies look for him to be their spokesperson and consultant. Luo Qihong also recognizes Liang Botao's abilities, so he thinks that the proposal of 18 yuan per share makes sense.

If he can save some money, Luo Qihong would of course like to save more, after all, it’s all money.

So, Luo Qihong remembered that in his previous life, after Liu Luanxiong acquired Chinese Estates Holdings, he attacked China Gas Company and Bank of East Asia. There was something unusual about it.

Perhaps it was because Li Fook-su asked for a very high price from Liu Luan-xiong, causing Liu Luan-xiong to spend a lot of extra money on the acquisition of Chinese Estates Holdings, so Liu Luan-xiong targeted Bank of East Asia.

After the three of them had discussed the matter, Luo Qihong called Li Fushu in person and asked him to meet at the Mandarin Oriental Hotel to discuss the acquisition of Chinese Estates Holdings.

The afternoon of the second day, Mandarin Oriental Hotel.

After a few pleasantries, no one touched the cakes and desserts in front of them, and only took two sips of coffee.

"What price do you plan to buy it at?" Li Fushu's eyes moved between Luo Qihong and Liu Luanxiong.

"Mr. Li, Mr. Feng, this acquisition was led by Mr. Liu. I am just a small shareholder, so let Mr. Liu answer you." Luo Qihong didn't want to attract too much hatred.

Liu Luanxiong is not someone who is easy to control. If he really attacks Bank of East Asia again, won’t he be blamed?
"Mr. Li, Mr. Feng, I plan to buy out your shares of Chinese Estates Holdings at $18 per share." Liu Luanxiong continued, "Mr. Li, don't worry. We will fight with Feng Bingfen and Wei Li to the end and we will definitely get control of Chinese Estates Holdings."

"With Luo Sheng as our backer, I don't think there will be any problems. Feng Bingfen and Wei Li can't beat us."

Li Fushu frowned slightly. "With Luo Sheng in charge, I am not worried about losing to Feng Bingfen, but isn't the purchase price a bit low? The premium is not even 2%."

"The share price of Chinese Estates Holdings may not seem high, but it has two listed companies with a market value of more than 3 million yuan. With a buy-one-get-two-free deal and a 3% premium, you will all make money."

"And I believe that if word gets out, there will be many people coming to buy it, and they will be willing to pay a high price."

Liu Luanxiong glanced at Luo Qihong, and seeing that Luo Qihong looked normal, he said, "Okay, then the premium is 3%, 21 yuan per share."

"Yongxiang, what do you think?" Li Fushu and Feng Jingxi were friends, and Feng Yongxiang was his nephew. However, since they were partners, he should have asked. Feng Yongxiang remembered his father's instructions before his death, to be kind to the tycoons and not to make enemies easily.

"It's up to you." Feng Yongxiang said with a smile.

"What do you think, Mr. Luo?" Li Fushu looked at Luo Qihong again.

This is because they are not satisfied with the premium, but do not want to ask for it in person.

"Mr. Li, please name a price. We are all friends and can negotiate slowly." Luo Qihong didn't want to be the bad guy.

Liu Luanxiong was a notorious villain, and Li Fushu was still a little afraid of him. However, for the sake of real benefits, he had no choice but to bite the bullet and ask for a high price.

"A 4% premium, 22.5 yuan per share."

Liu Luanxiong's breathing became heavier, but he would not miss this opportunity and said, "Okay, 22.5 yuan per share."

"Haha!! Mr. Liu is really generous. Let's have a pleasant cooperation." Seeing that he succeeded in getting the high price, Li Fushu's face was full of smiles.

"It's a pleasure to work with you!" Liu Luanxiong shook hands with Li Fushu reluctantly.

Then the two parties discussed the payment plan, which was still divided into three installments. The first installment was 3%, and the second and third installments were 4% each. All payments would be made within 3 months, and the interest generated would be calculated based on the bank's 4%.

After leaving the tea room, the three went to an upscale club to discuss what to do next.

"Li Fushu is blackmailing us. He clearly doesn't want to invest too much money, so he's just taking the opportunity to transfer it to us." Liu Luanxiong said indignantly.

His bad reputation is known everywhere in the world, and yet someone dares to blackmail him.

"What Li Fushu did was indeed a bit excessive. A 4% premium is too high. The next acquisition will probably also cost this much, which poses a considerable challenge to us." Luo Qihong nodded slightly.

"Should we immediately launch a full acquisition of Chinese Estates Holdings after obtaining the equity?" Liang Botao asked.

Li Fushu’s actions have nothing to do with Liang Botao. The high purchase price does not affect his work, and he will not express any opinions on this.

"Yes, let's launch a full acquisition at a price of 22.5 yuan." Luo Qihong nodded. "With the 31.3% stake held by Basina, we will hold 41.1% of the shares. We are already in a strong position, but we still have to give some face to the Securities Regulatory Commission and the Committee."

"With such a high purchase price, I'm worried that Sima Gao will register to cash out all the money. We don't have enough funds at all." Liu Luanxiong frowned and said, "Even if the bank is willing to lend, Aimego Company will find it difficult to bear the heavy interest."

"Aimego can definitely conduct a capital raising and rights issue to raise 2 million to 3 million yuan to repay the acquisition loan this time." Luo Qihong said with a smile, "I will also take over China Entertainment Properties as soon as possible. Chinese Estates Holdings holds nearly half of China Entertainment Properties' shares, which are worth 1 million yuan."

"Whatever Mr. Liu wants to do, it doesn't necessarily require Aigo to do it. Chinese Estates can do it for him. Besides, a full takeover is impossible to succeed. Wei Li can't give up so quickly."

"That's true." Liu Luanxiong had certainly studied Wei Li and was quite familiar with his way of doing things.

To everyone's surprise, Sima Gao Company suddenly announced the next morning that it would increase the acquisition price of China Resources Land to 23 yuan per share and launch a full acquisition.

At the same time, Sima Gao Company stated that the latest estimate of Hutchison Whampoa's assets was HK$23.9 per share, so the new acquisition price was very reasonable and somewhat attractive to small shareholders, but Aigo Company ignored it.

Although Aimego announced its latest shareholding of 41.1%, Sima Gao had no reservations and continued to acquire the company at a high price.

There are many different opinions about the Li family's giving up the fight for Hutchison Whampoa and withdrawing from the battle, but it is a fact that the Li family lacks confidence.

Many small shareholders are worried that Liu Luanxiong is using the previous sniping tactics and is not really willing to acquire Hutchison Whampoa.

As an expert in the securities and acquisition circles, Wei Li quickly seized on this flaw and attempted to open a larger hole. He bribed many newspapers and asked them to spread rumors to make small shareholders believe that Liu Luanxiong only wanted to target China Asset Management for profit and did not really want to acquire it.

(End of this chapter)