Hong Kong 1980: The Savage Era

Chapter 382 383 [Grade A Commercial Building]

"Since Mr. Liang has the channels, I suggest that the price we give to the foreigners cannot be the same as the market purchase price, which is very unattractive. We should directly offer a 4% premium. What do you think, Mr. Huang?" Luo Qihong said.

Huang Tingfang nodded. "It seems that the shares held by the foreigners are likely to play a decisive role. If the foreigners hesitate, they can even offer a 5% premium."

"Mr. Liang, let's take action. The longer we delay, the greater the cost will be." Luo Qihong said.

"Okay, I'll do it right away." Liang Botao nodded solemnly.

at the same time.

Small meeting room at Jardine Strategy
David Davis, CEO of Hong Kong Land, pondered and said, "The Huang Tingfang father and son of Sino Group are not to be feared. What is to be feared is the newcomer Luo Qihong. His Federal Real Estate Company has just reached an agreement with Hong Kong Land to acquire the Excelsior Hotel in Causeway Bay and the World Trade Center Building at a cost of 10 billion yuan."

"Now that he has sufficient funds to launch a takeover of Hong Kong Land, it seems that the rumors are true. This person has made more than 200 billion in profits in the securities and stock markets."

"President Davis, how do you think we should deal with Luo Qihong?" asked Bao Weishi, economic adviser to Jardine Matheson Group.

"I suggest that we conduct a counter-takeover first, and then negotiate with Huang Tingfang and Luo Qihong after the stalemate. This will reduce the price we have to pay," said Dai Weisi.

Simon Keswick frowned. He didn't expect that he had just escaped the acquisition by Li Jiacheng and others, and now Huang Tingfang and Luo Qihong came. He was really unlucky.

"We need to sign an agreement with this group of people, telling them not to acquire Hong Kong Land within a few years. Otherwise, there will always be people challenging us, and how can the group's restructuring plan proceed?"

Dai Weisi fell silent. He knew very well that it would be impossible to get his opponent to sign such an agreement without giving up some benefits.

"Luo Qihong is good at sniping, but his reputation as a stock market sniper is not as good as Liu Luanxiong. I think we can negotiate with Luo Qihong now. If the talks fail, we can then launch a counter-takeover campaign." Bao Weishi suggested.

Dai Weisi thinks Bao Weishi is too naive. Who would take hundreds of billions to carry out sniping? Besides, Luo Qihong is a sniper. Wouldn’t he be able to use intimidation or hype to snipe?

Mobilizing tens of billions of cash is a very difficult task in itself, how can it be done just for a few hundred million in profits?

Simon Keswick said, "Let's conduct a counter-takeover first. Jardine Strategy holds a 26% stake and has the upper hand. There is no need to admit defeat so quickly."

"And we always give in. Don't those Chinese want to snipe us to profit? That's when the real trouble will come."

Simon is both impulsive and rational.

The next afternoon, Liang Botao negotiated with the shareholders of the Jardine Matheson Company on behalf of Qi Xin Company. However, he only acquired 5.1% of the shares as most shareholders wanted to wait for a higher price.

This news did not surprise Luo Qihong and Huang Tingfang. Anyone could see that they wanted to acquire the Jardine Matheson Group, so it was normal for them to be greedy.

However, in Luo Qihong's opinion, if one is greedy now, he will be even greedier in the future, and in the end he will get nothing.

Because the ones who made the decisions were not the shareholders, but Luo Qihong, Huang Tingfang and Simon Keswick.

Morning of the third day.

Qi Xin Company held a press conference, attended by Huang Tingfang and Luo Qihong, announcing the acquisition of Hong Kong Land Development Co., Ltd. and inviting Peregrine International to serve as the consultant and spokesperson for the acquisition.

The reporter had many questions to ask, so Luo Qihong didn't leave until after 1 p.m., and couldn't even have lunch on time. As soon as the news came out, the market immediately became excited. In just three hours, the share price of Zhidi Company rose by 3%. Although there was a gap with Qixin Company's purchase price of 7 yuan, not many shareholders were willing to sell.

Based on past acquisition experience, the share price of Swire Properties will continue to rise, and HK$8.2 per share is just the beginning. This is the perception of small shareholders.

In the evening, Jardine Matheson held a press conference and announced a counter-takeover at HK$8.3 per share. At the same time, Swire Properties rejected Chiayi's request for three board seats.

In response, Qi Xin Company naturally expressed strong protest, denouncing the Hong Kong Land Development Company for breaking the law and not complying with Hong Kong's company law.

The two sides then engaged in a fierce war of words, and the share price of Swire Properties rose rapidly, closing at HK$5 on May 12.

On the morning of the 14th, Qi Xin Company announced that it held a 29.3% stake in the Landmark Company, becoming the largest shareholder of the Landmark Company.

According to the Company Law, it has the right to convene a shareholders' meeting of the land company to re-elect the chairman of the board of directors.

This move caught Jardine Strategy off guard. Although the shareholding difference between it and Qi Xin Company was 0.4%, it also made Simon Keswick feel chilled.

At the suggestion of Bao Weishi and Davis, Simon Keswick agreed to negotiate with Qi Xin Company instead of continuing to refuse.

The popularity of the Wing On Group's acquisition was overshadowed by the Hutchison Whampoa acquisition, but it still attracted a lot of attention.

Zheng Jiachun found a breakthrough in a member of the Guo family and acquired the 2.3% stake in Yongan Group held by this person at a high price, thereby widening the shareholding gap with the Guo family and successfully increasing the stake in his hands to 47.6%.

Martin Investment Company became the largest shareholder of Wing On Group and convened a shareholders' meeting to demand the replacement of the chairman of the board of directors of Wing On Group.

At this time, the Guo family began to panic and actively sought channels of dialogue with the Zheng family, hoping to resolve the matter through negotiations.

Unfortunately, the Guo family still disagreed with Martin Investment Company's request to acquire Yong'an Company, believing that this was a robbery of their ancestral property.

Cheng Yu-tung was unwilling to push too far, so he said, "As long as you hand over the property in Central, Martin Investment will return Wing On Group and Wing On Company and stop the acquisition."

In the end, the Guo family surrendered and was willing to sell the Wing On Building and Wing On Life Building under Wing On Company to Martin Investment Company.

Thus, the acquisition of Wing On Group, which lasted for several months, came to an end and the Zheng family won.

Deep Water Bay Golf Course
call!
With one swing, the white ball flew away.

"Uncle Tong, Brother Chun, congratulations. Now that you have acquired the property in Central from the Wing On Group, you will soon own a Grade A commercial building in Central." Luo Qihong laughed.

Cheng Yutong laughed and said, "You are laughing at me, kid. Everyone in Hong Kong knows that you, Luo Qihong, are a big landlord in Central. We just have a decent commercial building."

"The original Golden Gate Building was sold for 16.8 billion yuan, but now it's more than that, even double that." Luo Qihong said, "Your new building is not much worse than the Golden Gate Building."

"That guy Chen Songqing created one of the top three companies in Hong Kong with the help of the Golden Gate Building. Uncle Tong, you are going to make a lot of money."

"What big money can you make?! I'm not as good as you. You dare to acquire the Hong Kong Land Development Company by joining forces with Huang Tingfang. How much money do you plan to make this time?" asked Cheng Yutong.

(End of this chapter)