Chapter 171 The Rong family plans Wharf (1)

Author: Mahjong Jun

Chapter 171 The Rong family plans Wharf (1)

Xiangjiang area, Rong family villa.

Zhao Wenmu and Zhao Jing did not wait for Rong Zhenyi who had left and returned. Instead, Rong Zhenbang came over.

"Ah Mu, Ah Jing, do you have time? Do you want to have tea together and talk?"

Rong Zhenbang invited gently.

Zhao Wenmu and Zhao Jing naturally accepted the appointment happily.

But I didn't expect that this afternoon tea would be in Rong Renyi's study.

Zhao Wenmu heard the servants of the Rong family whisper that Rong Renyi's study was never used for entertaining guests and that any outsider might be allowed to enter.

Rong Renyi is already waiting here. The large room is simply and neatly decorated, simple and heavy yet modern.

He smiled gently and asked Zhao Wenmu and Zhao Wenmu to sit down.

After a while, Rong Zhenyi came in pushing a small dining cart. She arranged coffee, pastries, fruits, etc. very skillfully.

It seems the rumors are indeed true.

"Amu, have you ever heard of the Wharf Company?"

This is exactly what the boss was talking about.

Zhao Wenmu did not expect that the other party would not only talk to him about Wharf, but also not even avoid Zhao Jing. This trust was indeed beyond measure.

Zhao Wenmu pondered for a moment and then said:

"Kowloon Warehouse Co., Ltd. is the largest freight port in Hong Kong, with deep-water terminals, open-air cargo yards, and freight warehouses. It is a very important listed company in the Jardine Matheson Group. Its parent company, Jardine Matheson, is the first of the four major foreign companies in Hong Kong."

"Wharf has the best port terminal and prime land in Hong Kong."

"Most of the wharves and warehouses in Kowloon, Tsim Sha Tsui, New Territories and Hong Kong Island owned by Wharf, as well as hotels, buildings, trams and Star Ferry, etc., are all very high-quality assets."

"It can be said that whoever owns the Wharf controls most of the cargo handling, storage and transportation and cross-sea ferries in Hong Kong."

Every time Zhao Wenmu said something, the shock on Rong Zhenbang's face became more severe.

The Battle of Ship King's Acquisition of Wharf was of great historical significance. Zhao Wenmu had naturally heard of it. But all the above information was learned after he came to Xiangjiang.

After all, this is public information and can be found with a little care.

"After the Hong Kong Railway Station moved eastward, Wharf moved its freight operations to Kwai Chung and Peninsula West, and the land freed up was used for the development of commercial buildings. Moreover, Tsim Sha Tsui, across the sea from the Central District of Hong Kong Island, is increasingly becoming Hong Kong's tourist and business district

."

"It can be said that the founder of Wharf really acquired this Feng Shui treasure land at an extremely low price. Now its value has increased by at least hundreds of times."

Rong Renyi nodded in admiration.

"It's indeed good. Wharf owns a lot of high-quality land. If it is left to Li Chaoren to develop, the value will probably increase many times."

The boss said with a smile.

Zhao Wenmu thought to himself that what the boss said was true. If Li Chaoren came to run the Wharf, it would be like a dragon entering the sea and letting him roam around.

"Wharf has successively built commercial real estate projects such as Harbor City and Ocean Center Tower, but its management methods are not commendable."

Zhao Wenmu continued.

"Oh, how do you say this?"

Rong Ren asked with a smile.

Zhao Wenmu looked around and found Rong Zhenyi and Zhao Jing hiding in the corner, chatting animatedly.

No wonder I can’t find my wife since just now!

He was probably dragged by Rong Zhenyi to talk about honey grapefruit tea.

"Wharf adheres to the strategy of using its own assets to build buildings, only renting them but not selling them. This has resulted in a very slow return of funds, putting the group into a financial crisis. In order to resolve the crisis, a large number of bonds were issued to obtain cash, which made the group heavily in debt.

, credibility deteriorates, and stocks depreciate.”

"Wharf's current share price is seriously undervalued."

Zhao Wenmu spoke the final conclusion unhurriedly.

This is indeed the case, otherwise, Li Chaoren and Ship King would not have the same idea and all focus on it.

The flies haven't bitten the seamless eggs yet!

Not to mention capitalists.

Rong Zhenbang nodded excitedly after hearing this.

It was for this reason that he urged his father to take over the Wharf.

"Ah Mu, to be honest, the Rong family is preparing to acquire Wharf and gain control."

Rong Zhenbang said solemnly.

"Brother, how many stocks have the Rong family purchased?"

"Less than 20 million shares, about 20% equity."

Rong Zhenbang made no secret.

Zhao Wenmu, who had an information advantage, knew that Rong Zhenbang was indeed telling the truth and was not hiding anything.

"Has Yihe Matheson discovered the Rong family's plan?"

Jardine Matheson & Co. controls Land Corporation, which actually controls Wharf.

The Rong family hides in the dark, does not show off, and absorbs Wharf stocks without revealing anything, but this has a limit after all, and Yihe will find out sooner or later.

What's more, Yihe was frightened not long ago by "Barbarian" Li Chaoren.

They are very wary of someone poaching the corners of their home.

In 1978, Li Chaoren began to buy Wharf stocks. He used a method of diversifying his accounts to buy quietly, so as not to arouse Jardine's alert as much as possible.

However, such a huge acquisition of a stock was eventually discovered by someone who was interested.

The trading volume of Wharf stocks was rising day by day. Many securities analysts began to pay attention to this stock, and professional speculators with keen sense of smell also intervened one after another. As a result, Wharf stock price was immediately shot up.

For a time, large and small investors took action one after another, and various rumors spread in the stock market. Soon, Wharf stocks were like a thermometer being set on fire, and they quickly reached a record high of 46 yuan per share.

This is quite close to the actual valuation of Wharf stock per share estimated by Li Chaoren.

Li Chaoren had no choice but to temporarily cease operations. At this time, he actually controlled about 20 million shares, accounting for about 20% of the total shares.

It has exceeded Jardine Matheson's shareholding ratio.

Yihe also noticed Li Chaoren and began to counterattack.

It can be said that it is very difficult and almost impossible for Li Chaoren to join the Wharf board of directors.

According to the relevant provisions of the Company Law of the Xiangjiang Region, if a shareholder wants to obtain absolute control over the company, he must hold more than 50% of the shares.

Now that the share price of Wharf has been skyrocketed, it is beyond Li Chaoren's financial resources to continue to increase his stake to 51%.

Well, this is indeed the case. At this time, Li Chaoren was far from as financially strong as he would be in later generations.

At the moment, he cannot compete with Rong Ren in terms of financial resources and qualifications.

At this moment, the owner of Wharf, Jardine Matheson & Co., has been arranging a counter-takeover to acquire Wharf stocks held by retail investors at high prices on the market to enhance its controlling ability of Wharf.

It can be said that at this point, Li Chaoren's road to taking over the Wharf has been ended.

Both sides need a step to stop the war and shake hands to make peace.

The person who intervened was the financial backer behind the Rong family, HSBC.

HSBC executive Shen Bi personally took action to persuade Li Chaoru to give up the acquisition of Wharf.

Li assessed the situation and was very self-aware. He knew that he could not break up with the two financial backers of Jardine Matheson and HSBC at the same time. In the future, Cheung Kong Holdings would develop and grow, and he hoped to get the support of HSBC!

Even if you don't think about the future, just in this current situation, if you offend HSBC and HSBC turns to loans to support Jardine, what can you do to fight with them?

Acquiring Wharf is bound to be a dream.

Superman then readily agreed to Shen Bi's plan to withdraw his troops and stop buying Wharf shares.

At this time, Li Chaoren had acquired nearly 20 million shares. No one knew how many shares Jardine held after increasing its holdings.

Rong's intention to acquire Wharf probably started from the battle between Li Chaoren and Jardine Matheson.
Chapter completed!