Chapter 249 Meeting with Ship King Bao Yugang

Author: Underwater Wild Fish

Chapter 249 Meeting with Ship King Bao Yugang

When Chen Zhiwen first heard the news, he was still a little dazed, but he soon figured it out.

It has not been a day or two since the shipping king sought to abandon his ship and land. After seeing that the global shipping market will inevitably shrink on a large scale in the next few years, Bao Yugang naturally wants to get rid of the ship in his hand. In fact, in the past year, Bao Yugang

Yugang is also gradually disposing of the old ships in his hands, selling those that can be sold and dismantling those that cannot be sold.

This process is not very intense. After all, the shipping crisis will not come immediately. It has not yet reached the point where we need to cut off our arms immediately to survive. At the same time, it also involves many workers’ work issues and contract issues with existing customers. It will take time to slow down.

Slowly straighten it out.

In the eyes of outsiders, Bao Yugang was disposing of an old ship, which was considered a normal behavior. Only Chen Zhiwen, after accidentally learning about this matter, could tell that the ship king was preparing to abandon the ship.

Although it is not easy to abandon the boat, it is still possible as long as you take your time, but it is not so easy to land. The entire Hong Kong real estate market has long been controlled by traditional British capital and dozens of Chinese real estate upstarts. Pao Yugang's family is indeed also

You can enter the real estate market, but without experience, talent, and land, it is basically impossible to succeed if you start over. Besides, Bao Yugang is not young anymore, and it is impossible to start a new business in another field.

He wanted to land, not to recreate his former glory in the real estate market, but to leave a stable family asset for his four daughters and son-in-law.

As for Jardine, because Chen Zhiwen has been unwilling to forcefully acquire it at a high price in the stock market, Jardine was unable to take the opportunity to sell the Wharf stock at a high price. After being transferred to Wharf, the stock price fell again. At this time,

It is even more forbidden to sell in the stock market. Even the second shareholder holds close to 20% of the shares. If this happens, the stock price will fall into a penny stock, and Jardine will suffer heavy losses.

Therefore, finding a suitable buyer has become the latest goal of Jardine. Chen Zhiwen actually knows that Jardine is looking for a successor through Duoli.

In this case, it is normal for one person with money to buy Hong Kong assets and the other person to want to sell a large number of stocks in their hands.

But what Chen Zhiwen can't figure out is why Hongkong Land wants to sell the two buildings in its hands. The Prince's Building is located in a prime location in Central and is more valuable than the Commonwealth or International Building in Chen Zhiwen's hands. As for the Duke of Windsor Building in Tsim Sha Tsui, it is also considered a good deal.

location.

Wharf general manager Zhao Lilin naturally received the news, so he came to Chen Zhiwen, along with Xu Jinhong from Galaxy.

Zhao Lilin asked: "Sheng Chen, the charter king has acquired 20% of the shares of Wharf. According to Hong Kong law, he will become one of our directors. Do we need to formally invite him?"

"Invite it. It's just 20% of the voting rights. It won't have any impact on us. Even if he sends people to participate in management, it's no problem. Those who are capable can use it. Those who are not capable can just support a few idlers. It doesn't matter."

Chen Zhiwen smiled and said.

In fact, Chen Zhiwen doesn't care who will buy the 20% of the shares in Jardine Matheson's hands. He holds 40% of the shares and has obtained the management rights. There is no way to drive him away, even if the company loses money.

Back then, no one could do what Hutchison did.

This is the advantage of holding the management rights. In the previous battle between Bao Yugang and Yihe, Bao Yugang held 30% of the shares and Yihe only had 20%. But just because Yihe had the management rights, Bao Yugang

Jardine Matheson had no choice but to use strong tactics to acquire Wharf shares for HK$105 per share, gaining 49.9% and gaining control. However, the price was too high to estimate.

If Chen Zhiwen had held 30% before, he might have fallen into a tug-of-war with the Jardines, and the process might not have been much better. After all, when he had 40%, even within the Jardines, there was no confidence.

.

As long as he waits for the right time, Chen Zhiwen will reinvest in Wharf to obtain a total of 49.9% of the equity, completing absolute and impregnable control.

Besides, he also believed that Bao Yugang was a smart man. Even if he wanted to log in, he would not choose to go against him because it was completely unnecessary.

"Okay, then I will formally send an invitation to the charter king in the name of the board of directors." Zhao Lilin said.

"Actually, I don't care that Pao Yugang became a shareholder of Wharf, but Land also sold two buildings, which is a bit strange." Chen Zhiwen thought for a while and said.

For Wharf, he was not planning to privatize it. It was just a rent-collecting company. Unlike Hutchison Whampoa, which held a large number of high-quality businesses with great potential, and land prices were at a low at that time, the cost of privatizing Hutchison Whampoa was too high.

Not high. After the privatization, we survived the trough period. Not to mention the future, today, three years later, the original cost of privatization has now been earned several times.

Now, Chen Zhiwen is well-known, and many people are optimistic about Chen Zhiwen's ability. At this time, if he wants to privatize Wharf, he will have to be slaughtered by a group of people.

Of course, the real estate prices in the future are so high that even if you spend a lot of money to privatize Wharf now, you will definitely make money in the future. But there are so many ways to make money in this era. There is no need to stick here. Instead of spending a billion Hong Kong dollars or even more

The large amount of funds to privatize Wharf might as well be used to invest in other places. Let's not talk about the upcoming "golden" opportunities. Even if you use this billion to buy properties in Hong Kong, you can easily make several times the profit. By 1983, Hong Kong real estate industry

If the crisis turns to the Japanese real estate market, you can make ten to twenty times or more with your eyes closed.

Besides, he holds absolute control over Wharf. The funds of Wharf are actually his and are completely under his control. He can even take advantage of opportunities to raise funds in the stock market in the future. After all, the benefits of going public are definitely great.

Otherwise, most of the world's top 500 companies would not be listed on the market.

Only companies with huge potential are not in a hurry to go public, such as Midea, Red Bull, Wharf, etc. Their potential is just that, and it will be the same whether they go public or delist.

Xu Jinhong thought for a while and said: "If I were New Jersey, selling the Wharf stocks and two buildings in my hands at this time must be because some aspect is in urgent need of money. Could it be because of Jardine's overseas business?

Something went wrong?"

"Not necessarily. Jardine Matheson's overseas business has already had problems. They have been selling overseas business. There is no reason to sell the building in Hong Kong. You also know how obsessed the Jardine Matheson family is with the building in Central. There is no Tiantian

In a big crisis, they will not sell the building." Zhou Jiayang said at the side.

Xu Jinhong said: "When we acquired Wharf before, Jardine also wanted to sell the Central Building, but there was too little time at that time. They had no time to find a buyer. Only a crisis like the forced acquisition of Wharf could make Jardine

The Central Building is for sale.”

"Then I guess I have learned a lesson from the Wharf incident. It seems that Jardine Matheson will also report to Land, otherwise, if Land has problems again, it will become a global joke." Chen Zhiwen said lightly.

"Are they planning to increase their holdings in Land? This makes sense. Only this kind of thing can make Jardine Matheson willing to sell the Central Building. But in this way, the 14.2% of Land shares we will own will

It may also be diluted a little. Originally, I wanted to reach 16% before the end of the year, so that I can become a director of Land." Xu Jinhong said with a frown.

"If you can't achieve it, then you can't achieve it. I'm not planning to become a director of Land. If I really want to announce this, I'm afraid Yihe will fight me." Chen Zhiwen shrugged and said indifferently: "Yihe Land, too.

It’s considered normal behavior, so don’t worry about him for now.”

Land's current market value is close to HK$6 billion. Even Jardine Matheson's shareholding in Land is not large. He had prepared for a long time in advance and acquired it slowly. In addition, when he borrowed Wharf to make the acquisition, he released harmful news to Land, so he took the opportunity to acquire it.

So much. It cost nearly HK$800 million, and half of Midea's overseas capital reserves were spent on it.

The previous attack on the opponent's land was a backup method prepared by Chen Zhiwen for himself. If the Wharf acquisition did not go smoothly, then this would be a useful chess piece, but since it was not used, it would be better to continue to remain silent.

And if Jardine really increases its holdings of Land shares, it will also dilute the equity held by other shareholders. With one positive and one negative, Jardine's control over Land can be said to be stronger.

This is considered normal behavior. After all, Wharf has learned from the past. If Jardine Matheson continues to be stupid and ignores land, it will not be worthy of being the number one financial group in Hong Kong.

In later generations, Land declined. However, under the long-term management of Pao Yugang's son-in-law, Wharf became one of the top ten financial groups in Hong Kong. Its scale may have been stronger than Land. However, in the 1970s, the current Wharf was worse than Land.

The Wharf was robbed, and Jardine's losses were not great. If Land was gone, Jardine might not be worthy of the four major foreign banks.

As for the fat piece of land, no one will be tempted as long as they are Chinese. Even if they have high-tech industries, the cost of rent collection alone for Land’s 20 or so buildings in Hong Kong (there are not so many in the 21st century)

, it can surpass some of the world's top 500 companies.

However, he can't eat such a big piece of fat now, so he needs to wait. When the real estate crisis breaks out in the 1980s, he may have his own chance.

"Then do we still need to continue to acquire Land shares?" Xu Jinhong asked. After acquiring Wharf, Galaxy Group is still using its own and Midea's funds to acquire Land shares, but the speed is very slow, so slow that the market is unlikely to

You will find something unusual. This is a merger that has been planned for several years, just like Wharf back then.

"Go on, just stay undetected. In addition, prepare the Land shares. I need to pledge these shares." Chen Zhiwen thought for a while and said, it is already the middle of the year, and it is only half a year before the price of gold starts to soar.

All other funds have begun to be withdrawn. Unless they are investments that affect future strategic plans, such as investment in the research and development of handheld consoles and home game consoles, other funds are ready to participate in this gluttonous feast.

"Pledge?" Xu Jinhong said: "Sheng Chen, once we pledge, the news that we hold Land shares may not be hidden, unless we find an overseas bank."

"Overseas banks may not recognize Land's shares, and even if they do, they won't lend a lot of funds." Chen Zhiwen said: "We can try to find a bank that does not have a good relationship with Jardine HSBC?"

"You mean Standard Chartered?" Xu Jinhong immediately knew which company it was.

"Let's arrange a meeting with the charter king first," Chen Zhiwen said.

"Okay." Xu Jinhong agreed.

In the presidential suite of the Hilton Hotel, Chen Zhiwen met Pao Yugang in private for the first time.

The reason why it was the first time in private was actually because the two of them had met in some public places. After all, Hong Kong is so big. The Hong Kong government, chamber of commerce, or some wealthy Chinese associations often organize gatherings, which can be regarded as easing the conflicts between the parties.

a way.

Pao Yugang's main business is shipping, which does not conflict much with local business giants. Chen Zhiwen's main business is actually the same. Although there are also real estate companies, there are only a few in Hong Kong that can make him "contradictory".

It is a large British-owned real estate company, and the current Chinese real estate company is not considered as such for the time being. Besides, he rarely sends people to participate in the Hong Kong government's auctions, so it is difficult to have conflicts.

Therefore, the two of them rarely attend such gatherings, and have only met twice in the past few years. However, because they have no business contacts, they only get to know each other through business.

But this time, of course it's different.

"Bao Sheng, long time no see. How are you?" Chen Zhiwen had been waiting at the hotel early. When Bao Yugang arrived, he stood up and shook hands to welcome him.

"Sheng Chen, I haven't seen you for a long time, but you set off another big firecracker in Hong Kong." Pao Yugang said with a smile: "When Li Jiacheng acquired Wharf, I was actually not very optimistic about it because of his background.

It was still a little off, and things were as I expected. But then I heard that you had taken action against Wharf. I was still in Egypt at the time. After hearing about this, I knew that Yihe was going to be defeated. As expected, it didn't happen.

That’s what I expected.”

"British capital has controlled Hong Kong's wealth for so many years. It's time to spit it out. What I took is just the first step. More similar things will happen in the future." Chen Zhiwen said with a smile. In the history of Hong Kong business, 80

The 1990s were the decade when Chinese capital and British capital handed over commercial dominance. The most fundamental reason is the fundamental logic of "no wealth can last more than three generations." After a hundred years of British capital, the wealthy generations no longer have the ability to maintain their once sky-high wealth. The Chinese

The rich are the first generation. When the cake is eaten by British capital, Chinese capital naturally has no choice but to rely on forced acquisitions if it wants to grow.

"So, Chen Sheng still has promising prey?" Bao Yugang asked with a smile.

"Not in the short term." Chen Zhiwen shook his head and said. A golden opportunity is coming. At the same time, land prices in Hong Kong have begun to go crazy. At this time, if a takeover war is launched, the stock price may skyrocket. It is not cost-effective at all, unless it is a negotiated acquisition.

"Haha, I understand." Bao Yugang naturally understood the meaning of "short term".

Chen Zhiwen asked again: "Sheng Bao, what you want is the same as mine, right? You want to acquire a British company?"

"I have this idea, but there is no suitable target at the moment." Bao Yugang shook his head and said: "Many British-funded companies are of high quality, but they just can't get started. Chen Sheng acquired Hutchison because Hutchison suffered too heavy losses at that time.

, Wharf was able to succeed because Wharf had diluted its own shares a lot, otherwise, even Chen Sheng would have had a hard time succeeding, right?"
Chapter completed!