Reborn Xiangjiang as a Tycoon

Chapter 124 Li Jiacheng’s plan (Part 1)

90 million shares of Hutchison Whampoa held by HSBC were sold to Lin Baicheng for HK$7.15, and the transaction price was HK$643.5 million.

However, after signing this transaction contract, Lin Baicheng immediately signed a contract with HSBC to use 90 million Hutchison Whampoa shares as collateral for a loan of HK$1 billion. In this way, Lin Baicheng did not spend a penny and could use it.

Instead, the funds increased by HK$356.5 million.

Of course, the price is that Lin Baicheng has an extra HK$1 billion in loans. And after he takes control of Hutchison Whampoa, he will push the board of directors to borrow another HK$500 million from HSBC, but this time the loan is from Hutchison Whampoa.

Remembering the company Huangpu, it is no longer Lin Baicheng himself.

Now Lin Baicheng has more funds at his disposal.

Not counting Wharf shares, Hutchison Whampoa shares Lin Baicheng stopped selling after selling 2.8 million shares, withdrawing nearly 20 million Hong Kong dollars.

For the company Cangjiang Industrial, Lin Baicheng spent a total of about 140 million Hong Kong dollars to buy 7.9 million shares, accounting for a total of 19.75% of the company's shares.

Lin Baicheng's previous loan funds from Standard Chartered Bank and Mitsubishi Bank were HK$1.14 billion. After buying the shares of Cangjiang Industrial, he had just about HK$1 billion left. Now he has nearly HK$360 million more in funds, plus the sale of Hutchison Whampoa

With nearly 20 million Hong Kong dollars withdrawn, the funds he can use are about 1.38 billion Hong Kong dollars.

As for the shares of Hutchison Whampoa, Lin Baicheng originally held 14 million shares. After selling 2.8 million shares, he was left with 11.2 million shares, accounting for 2.8% of the total share capital. In addition to the 22.5% shares purchased from HSBC,

The total is 25.3% of the shares.

This shareholding ratio has exceeded the Hutchison Whampoa shares held by the Qi Dezun family, but we should not be careless because the Qi Dezun family also holds about 20% of Hutchison Whampoa shares, not much less than Lin Baicheng.

…

Cangjiang Industrial.

"Mr. Li, I heard about it."

The door of the chairman's office was pushed open, and Li Jiacheng's important assistants, two executives of Cangjiang Industrial, Li Yeguang and Mai Liyin, walked in.

"Tell me about the situation."

Li Jiacheng got up from the office chair and walked towards the sofa.

Li Yeguang and Mai Liyin also sat down. Li Yeguang said: "Lin Baicheng signed a contract with HSBC not long ago, but the person we are looking for is not high enough, so we cannot determine the specific content of the contract. But there are

One thing that is certain is that since Lin Baicheng has conducted transactions with HSBC under Bao Yugang's bridge, it is unlikely that he and Bao Yugang will compete with Wharf.

There must be relevant agreements between Lin Baicheng and Bao Yugang."

"There has been no movement in the Wharf stock in the past two days. Bao Yugang also took Lin Baicheng to HSBC. I knew something was wrong. As expected. Wharf is extremely important to Bao Yugang, so the acquisition of Wharf

It should be Bao Yugang, Lin Baicheng has turned his target to another company, but I don’t know which company it is."

After selling the shares of Wharf to Bao Yugang, and finding that Bao Yugang only replied and still talking to Lin Baicheng but there was no movement, Li Jiacheng realized something was wrong. Later, he asked people to investigate and found that Lin Baicheng, Bao Yugang and HSBC

There were interactions and negotiations between the three banks, but the Wharf takeover battle he expected did not happen.

Li Jiacheng originally thought that Lin Baicheng was determined to win Wharf, and Bao Yugang also valued Wharf very much. The possibility of a takeover war between the two was extremely high, but he did not expect that they did not know what agreement they had reached, and Lin Baicheng turned his attention away from Kowloon.

The warehouse was transferred to another company.

Now, Lin Baicheng has signed a contract with HSBC to complete the transaction, so that Lin Baicheng will not participate in the acquisition of Wharf. Even if there is a takeover war in Wharf in the future, it will be Bao Yugang and Jardine Matheson.

The matter has nothing to do with Lin Baicheng.

The reason why Li Jiacheng did not choose to sell Wharf shares to Lin Baicheng was because he wanted to find an opponent for Lin Baicheng and let Lin Baicheng and Bao Yugang compete. Or Lin Baicheng still won the Wharf, but because of Bao Yugang

This opponent will inevitably consume more funds; either Lin Baicheng's acquisition fails and Bao Yugang is the one who takes over Wharf.

It would be better if Lin Baicheng's acquisition failed. Lin Baicheng spent a lot of money on Wharf but did not gain control of the company, which dealt a blow to Lin Baicheng's opponent.

That's right, since Lin Baicheng secretly acquired Cangjiang Industrial shares and forced him to sell Wharf shares, Li Jiacheng regarded Lin Baicheng as his opponent. Naturally, Lin Baicheng would not be able to make things easy for him as a business enemy.

More importantly, when the Wharf acquisition war breaks out, no matter who wins or loses, the remaining Wharf shares in Li Jiacheng's hands will not only allow him to recover the cost of investment, but also allow him to make a fortune.

No matter how you think about it, it is beneficial to Li Jiacheng.

But Li Jiacheng never expected that Lin Baicheng and Bao Yugang would actually reach an agreement. Lin Baicheng would change his target and prepare to acquire other companies, giving up Wharf easily.

If he had known that this was the case, Li Jiacheng could have reached an agreement with Lin Baicheng, bought the shares of Wharf from Lin Baicheng, and then compensated Lin Baicheng. Although he had regarded Lin Baicheng as his opponent at the time, this did not prevent him from cooperating with Lin Baicheng.

Or reaching an agreement, as long as it is profitable, a temporary peace is nothing at all.

Unexpectedly, when the two of them were talking that day, Lin Baicheng's attitude was so determined. After the target was changed from him to Bao Yugang, Lin Baicheng's attitude immediately changed and he reached an agreement with Bao Yugang.

Malin said aloud: "Lin Baicheng originally wanted to acquire Wharf, so even if he changes his target, the target of the transfer will definitely be a large company that is not inferior to Wharf, and HSBC will definitely hold a lot of shares.

Otherwise, there would be no HSBC incident here. There are only so many large companies in Xiangjiang, and there are only a few companies in which HSBC holds a large number of shares."

Li Yeguang listened and said: "Wheelock, Land, Hutchison Whampoa, Swire Group, that's pretty much it."

"It can't be Land."

Li Jiacheng immediately shook his head: "Ji Mao and Matheson holds Land and then controls Wharf through Land. Although Land holds a small share of Wharf, Jardine Matheson holds a large share of Land. Lin Baicheng

It is unlikely that we will acquire real estate.”

"In the case of the Swire Group, it is even more impossible. Not only is its headquarters in London, but its parent company in London also holds more than 30% of the shares of the Swire Group. It is more difficult to acquire than land."

Li Jiacheng analyzed one after another and excluded Land and Swire Group, but the remaining Hutchison Whampoa and Wheelock were both possible, because the controlling parties of these two companies did not hold a lot of shares in the company, and the opportunities were great.

Therefore, he was not sure which company Lin Baicheng was targeting.

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(End of chapter)