Chapter 280 Hong Kong Electric Acquisition Battle

Author: Underwater Wild Fish

Chapter 280 Hong Kong Electric Acquisition Battle

Several major businesses of Hutchison Whampoa in later generations were directly copied by Chen Zhiwen. After all, they were the five businesses that Li Jiacheng finally selected based on his life experience, and they have been proven to be successful. The only telecommunications business has not yet reached the time. The other ones are

The layout can be prepared. Hutchison Whampoa's current capital scale far exceeds its original history. As time goes by, it will definitely become a larger business giant.

As for Galaxy Real Estate, although he is his own son, he is currently inferior to Hutchison Whampoa in many aspects. In terms of future development, he may be more inclined to choose the right people to invest. As long as the vision is right, the ability to benefit is actually no less than

If you invest yourself, your relative influence will be much weaker.

February 15, 1980, New Year’s Eve:

"Come on, brother, this is Australian lobster meat. It's very delicious. You have a try, and Wen Jun has a taste too." In the restaurant of the Chen family villa, the two Chen families celebrated the Spring Festival together for the first time.

"For so many years in China, all lobsters, let alone palm-sized lobsters, have been exported, let alone such large lobsters." Chen Tianshou said with a smile.

"Then you should eat more." Chen Zhiwen said with a smile: "There are many places to play in Hong Kong. Uncle, you should stay here for a while."

Wu Xiuling asked: "How long can eldest brother stay here in Hong Kong?"

"About half a month. Anyway, I was just about to be transferred to Yanjing, so there's not much going on." Chen Tianshou said.

"Brother, your current position in Yanjing has not yet been determined?" Chen Tianfu asked.

"I should still be in my old job, dealing with agricultural planting, but I may have to go to other places more often in the future." Chen Tianshou said with a smile: "It's great to be able to visit all over the country. It's been my dream for half my life."

"That's fine, agriculture is the foundation of the country. When we were young, we really relied on those acres of land." Chen Tianfu said with a smile.

"Uncle, where do you live now?" Chen Zhiwen asked.

"I am still living in the accommodation arranged by the bureau. There are too many people there. I plan to buy a house in Yanjing so that it will be more convenient in the future." Chen Tianshou said.

"That's fine. I'll go to my uncle's house then. Xinhua News Agency has organized a visit to Yanjing for political and business figures from Hong Kong. It will probably be at the end of March or early April." Chen Zhiwen said with a smile.

It has been more than a year since the domestic reform, and now it has begun to require foreign investment, and Hong Kong companies are naturally the top priority.

"Okay, then I will take you to visit Yanjing." Chen Tianshou said with a smile.

February 25, 1980, the first Monday after the Spring Festival holiday.

In the Hutchison Building and the Stock Exchange, countless wage earners have officially entered their jobs, while countless professional investors are wandering around the Stock Exchange or contacting the outside by phone.

As soon as the opening time comes, the stock exchange is crowded with people and there are endless calls. Many staff are in a hurry. There are really too many people trading. In the past two years, as the Hang Seng Index has hit new highs repeatedly, the number of calls is endless.

People who seldom trade stocks make a lot of money, which naturally makes countless people working in the stock exchange jealous. However, their positions restrict them from stock trading. Therefore, even if they resign from their iron job, many people decide to go to the stock exchange.

A gamble, which in turn led to a shortage of personnel within the stock exchange.

Cao Dafeng is one of them. Two years ago, he gave up his high-quality government job. His whole family did not understand him, and he had several quarrels. However, as he earned hundreds of thousands of Hong Kong dollars in the stock market, he started working in Taikoo Shing and Whampoa.

After Hua Yuan bought three houses, his family became more harmonious. This also allowed him to devote all his energy to the stock business, and finance is the most profitable.

Amidst the noise, suddenly, a louder sound overwhelmed everything. Cao Dafeng looked up and saw many people gathered in front of the railing, shouting as loud as they could. He was heartbroken. This feeling was just like when the Wharf was acquired.

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"Brother, what's wrong?" Cao Dafeng walked into the crowded crowd, found a stock friend with whom he had interacted several times before, and asked.

"I don't know, this morning, Hong Kong Electric's stock started to rise. In a short time, it has risen from 3.8 yuan to 4.1 yuan, and it is still rising. It seems that there is a big capital buying Hong Kong Electric's stock." was asked.

The person replied.

"30 cents?" Cao Dafeng was shocked. It rose by about 10% in one day. It was not a big deal. Many stocks were like this. However, it had only risen so much less than an hour after the market opened. In addition, Hong Kong Electric

The stock is not an ordinary small company stock, it is one of the top ten listed companies in Hong Kong. Under normal circumstances, such a large market can fluctuate by 5% in a day, which is a big problem.

"Do you want to follow me? If so, go to the queue together?" said the person on the other side.

"No, I have to wait." Cao Dafeng looked at the group of people queuing up to buy HK Electric's shares, feeling a little uncertain in his heart. Based on his past experience, even if a large amount of capital entered the market to acquire a company's shares, it would still be a long shot.

It is impossible to keep buying blindly like this. The most common method is to buy to a certain extent, wait for a bunch of people to follow suit, and then immediately sell it at a high price to make a profit and exit.

"You're so stupid, you don't even want money if you have it." The person on the other side said and left.

Cao Dafeng doesn't care about other people's opinions. He is very careful about this sudden wealth opportunity. The bigger the pie, the bigger the trap may be.

While watching the crowds of people rushing in to buy stocks, Cao Dafeng watched the stock rise outside. Two hours later, he discovered something unusual, because although Hong Kong Electric's stock was still rising, the increase began to decline.

Analyzing with normal logic, if the buyers behind this stock increase continue to acquire stocks, coupled with the crazy investors who are now buying stocks and the capital of countless remote operations on the phone, the stock price should rise even higher, but

If it slows down, it means that some people are buying less or even taking action at a high position.

By noon, the stock's rise came to a standstill. At this time, everyone reacted, and immediately a bunch of people lined up back to where they originally bought stocks, just to sell the stocks in their hands.

In the afternoon, in the VIP member room above the Hong Kong Stock Exchange:

"When stocks go up, they immediately rush to buy them. When stocks fall, they immediately rush to sell them. They have no idea that it is because of their behavior that the stock prices fluctuate. They want to speculate, but they don't even have the determination to do so."

Chen Zhiwen sighed and said, after this wave of operations, he will be able to collect more stocks from the stock market, and the losers will naturally be the group of people below and the investors who were notified by so many calls, but these are all speculation.

Yes, he felt at ease cutting these leeks. After all, this group of people themselves only wanted to cut other people.

"If they are so smart, they are no longer small investors. It has been decades since the birth of the stock market. It is estimated that these people will still be the same in a few decades." Yang Xiao from the Zhou family behind him said.

"That's true." Chen Zhiwen nodded. Even though people in the 21st century have the Internet and can find a lot of information, they are still so impulsive. At the peak of the A-share bull market in 2008, I don't know how many people still jumped into it with their family property.

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"Sheng Chen, in today's round of operations, we have 0.7% more stocks in our hands. Now we have 27.8% of HK Electric's stocks." Xu Jinhong said on the side.

"Then according to the plan, we will directly pay a premium of 20% and acquire it through cash on-site transactions. However, we should not announce how many stocks we have in hand yet. We will acquire it first. At most, we can claim that we only have 34.9% when the time comes." Chen Zhiwen nodded and said.

Although it is a bit difficult to transfer all the US dollars earned in the United States, part of it is still very easy. As long as the money is in place, several major investment banks can do it very easily. In more than a month, in addition to the principal,

, more than 300 million U.S. dollars have returned to Hong Kong.

With so much capital, and there will be no high-return financial opportunities in the short term, it is natural to invest funds in company acquisitions.

"Okay, then I'll be ready to release the news immediately." Xu Jinhong said with a smile.

In the afternoon of that day, a big news shocked the entire Hong Kong financial circle: Galaxy Group and Hutchison Whampoa Group formed a joint consortium to acquire Hong Kong Electric's shares in a cash transaction for 4.5 Hong Kong dollars per share. No one knows the specific amount of the acquisition. Source

Shows unknown.

When the news came out, the whole Hong Kong was shocked!

Hong Kong Electric Group is the second largest power company in Hong Kong. It monopolizes the power supply of Hong Kong Island and owns a large amount of high-quality land. Although it is not as large as Hutchison Whampoa and other four major foreign companies, due to its stable profits, the total market value is 30-40% year-round.

HKD 100 million, it is one of the top ten largest companies in Hong Kong by market capitalization.

The market reaction was even more intense. Hong Kong Electric's stock immediately rose by 25%, reaching HK$4.8 per share, and the price was even higher than the acquisition price announced by Galaxy Group.

Countless stock investors were even more crazy about it, while Cao Dafeng breathed a sigh of relief. At noon, when Hong Kong Electric's stock price fell to its previous normal price, he made a heavy investment. Now it seems that he made a huge profit in blood. It was just a few seconds.

A W is stable.

Connaught Building:

"As I predicted, Chen Zhiwen will not only be satisfied with acquiring Hutchison and Wharf, but now he has indeed taken action against Hong Kong Electric." After receiving the news, Mr. Newbickian was a little surprised, but then he calmed down.

"HK Electric is indeed the best target to start with. The power group's income is stable every year, which is a little worse than during the oil crisis in the past two years. And HK Electric owns so many high-quality real estate that people are jealous of, especially

When Hong Kong Electric's power plant on Hong Kong Island is moved to Lamma Island, the land left behind will be worth at least 2 billion. If I had the money, I would also like to buy it." Pau Fuda, the chief executive of Real Estate, shook his head with regret.

"I think now is a good opportunity." Newbijian said with a smile.

"Are we also going to participate in the acquisition? Compete with Chen Zhiwen for Hong Kong Electric?" Bao Fuda said in a daze. If Niubijian was his subordinate, he would probably scold him. His own Wharf had lost before, and now he is still competing with him.

Are they going to rob another company?

"Yes, I actually looked at HK Electric before, but the scale of HK Electric is too big. If we want to acquire it, we have to prepare at least 2 billion Hong Kong dollars in funds or credit. It is too much pressure for us, so I have always been

We are waiting for an opportunity, because Hong Kong Electric's stock has been falling during this period, while Land's stock and the value of so many of our properties have been rising. As long as it reaches a certain level, we will have enough credit." Newbijian explained.

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"It is right to think this way. Although Hong Kong Electric owns a large amount of high-quality land, many of them cannot be developed in the past two or three years. In addition, the energy price has skyrocketed due to the oil crisis. If Hong Kong housing prices rise further, we can indeed

Let’s give it a try.” Bao Fuda nodded and said: “But the time has not yet come, and Chen Zhiwen has taken action again. If we intervene, it will cause Hong Kong Electric’s stock price to rise sharply, and we don’t even have a single stock in our hands now.

, the funds are not enough.”

"If it were normal times, it would be difficult for us to acquire, but it is different now." Niubijian smiled and said: "Do you think we are the only ones in Hong Kong who don't want Chen Zhiwen to acquire HK Electric again? Who else is more serious than us?

Don’t you want Hong Kong Electric to become Chen Zhiwen’s?”

"You mean, Shen Bi?" Bao Fuda said. The last Wharf incident not only caused Jardine to lose the Wharf, but also caused HSBC to lose a little face. Moreover, for HSBC, any local consortium exceeds HSBC in scale.

, or that this potential is intolerable.

In the past, HSBC's biggest potential rival was Hang Seng Bank. Later, HSBC took advantage of the banking crisis in the 1960s to acquire and control Hang Seng, and then came the entire Jardines Group. The two sides had been fighting secretly for more than ten years, and no one could do anything about the other. But now, against

The biggest threat to HSBC is naturally Chen Zhiwen. It can even be said that it has surpassed HSBC in some aspects, but it may not be as good as in terms of influence and scale. But if it acquires HK Electric again, it will be difficult to say.

"Shen Bi will never tolerate Chen Zhiwen's acquisition of Hong Kong Electric again, but HSBC is restricted by law and cannot directly participate in ordinary business. Do you think that with Chen Zhiwen's current scale, except for us at Jardines who are willing to stand up, who else would dare to take the risk?"

The risk of offending him." Niubijian said with a smile: "As long as I can get the support of HSBC, I am sure to win this time."
Chapter completed!