Faced with the malicious merger and acquisition by Royal Fund, Li Jiacheng, known as the "Business Superman", retreated step by step, strictly guarding his last dignity and refusing to surrender.
Even if it can obtain the equity from the Li Zhaoji family, it will not be able to shake the other party's equity advantage.
It's like a prey caught in a spider's web, knowing that its way out is all but still struggling to find a chance to survive. In the end, the spider's web becomes thicker and thicker until the last moment.
After more than two months of turmoil and the crazy one-day performance of the Hong Kong Stock Exchange,
Cheung Kong Group and Hutchison Whampoa no longer have much scattered equity. The vast majority of small and medium-sized investors have cashed out and left the market. The equity is concentrated in the hands of the Royal Family Fund and the Lee family.
Adding the two together, the number of shares held exceeds 80%.
The rest are strong long-term holding institutions, such as Standard Chartered Bank, Bank of East Asia, Sun Hung Kai Properties controlled by the Lee Zhao Kee family, etc.
Standard Chartered Bank chose to sell part of it, while Bank of East Asia chose to continue to hold it. Everyone looked at Sun Hung Kai Properties invariably. This is why everyone concentrated on the Deep Water Bay mansion of the Lee Zhao Kee family.
"Fourth uncle, those who know practical things are heroes. You have worked hard in the business for so many years and are a highly regarded senior figure in the Hong Kong business community. I don't believe you? It's just a matter of circumstance."
Liu Luanxiong didn't even look at Li Jiacheng, who had a gloomy look on his face, and only said to Li Zhaoji: "Whether you admit it or not, it is the Royal Family Fund's turn in Hong Kong's business community. Business matters should be done using commercial means. The winner is the king or the loser."
.
You must admit when you lose, and you must stand upright when you are beaten.
Just remove those useless things, I, Nobita, don’t believe that I can turn things around.
The trend of history is mighty, and the throne will eventually be given to young people. What industry are you in? Royal Family Fund is engaged in?
That is the world's most cutting-edge electronic chip industry, LCD panel industry, and network high-tech industry. Which of them will not crush plastic flowers with no technological content?
Compared with others...you have to weigh whether it is enough, otherwise it will only make people laugh."
In this heavyweight merger and acquisition that shocked Hong Kong Island and Southeast Asia, Liu Luanxiong clearly joined the royal fund camp and was regarded as a person who understands current affairs.
Liu Luanxiong is different from those old-school Chaoshan businessmen. He always pays attention to self-denial and restoration of etiquette, maintains nostalgia, and has a serious sense of regionalism. He enjoys supporting the younger generations of his fellow villagers and can never get out of his own small circle.
The world is so big, what's the point of living in a small pond like Hong Kong forever?
Liu Luanxiong is very envious of the Royal Family Fund, a dragon that has traveled across the river and worked hard all over the world. He has made a fortune in both the United States and Europe. He is truly an awesome person who enjoys a happy life.
Comparing the two, the gap cannot be measured.
Faced with Liu Luanxiong's aggressive words, Li Jiacheng, who had always acted pitiful, turned as dark as a pot. He asked himself that in all his years in the business world, he had never been belittled like this.
What's wrong with selling plastic flowers? Is it embarrassing?
Sitting next to Li Jiacheng, Li Guobao, chairman of the Bank of East Asia, could no longer bear it. He was also an old-school Chaoshan businessman. He had been friends with Li Zhaoji and Li Jiacheng for forty or fifty years. He was well-connected among the top billionaires in Hong Kong.
A person of good character.
"Hey... what are you talking about? You are such a bastard, a great hero. We are not united and have been defeated by outsiders a long time ago. The British, Americans, and Fuso people are now mainlanders. Which one is not stronger than us?
In the end, the territory of Hong Kong is still in our hands because we Chaoshan people are united and open to the outside world.
You're a street kid, if you hug someone else's thighs when you see them thick, you may be trampled to death like a grasshopper, and no one will save you then."
Liu Luanxiong sneered and said;
"Uncle Li, there's no need to pretend to be a saint. I know what you're planning to do with the equity in your hands. It's just to get the best of both worlds.
Hahaha...it's really ridiculous.
Two giants are wrestling, and your Bank of East Asia is totally inadequate. If you want to be a fisherman, you have to consider whether you are strong enough to avoid being pinched to death."
"fart!"
Li Guobao was filled with anger when he was told that, and he scolded: "You street boy, don't even think about how you would be today without the support of senior businessmen in Chaoshan. When you attacked the Shanghai Hotel, a company owned by the Michael Kadoorie family, I borrowed money from the Bank of East Asia."
I’ll give you 3 billion Hong Kong dollars, um... have you, a street boy, forgotten all of this?”
"Uncle Li, is there no collateral for my Chinese property loan? No interest payment?"
When Liu Luanxiong said this, he became angry. He stood up and pointed at the other party and said: "The Bank of East Asia took the opportunity to raise interest rates when I was anxious about the acquisition, which forced the Chinese property owners to face a sudden increase in loan repayment pressure. They had to give up the Shanghai Hotel shares they had acquired to repay the loan.
In the end, everything failed. All of this was due to the support of your uncle Li family. The Bank of East Asia benefited from both sides. It received high interest rates from buying property in China and received big favors from the Michael Kadoorie family. Do you really think that everyone else is stupid?
"
Think back to the beginning
Most of the shares used by Chinese Real Estate to acquire the shares of the Hong Kong and Shanghai Hotel were loans. When the acquisition war was intense, this shortcoming was infinitely magnified and became a fatal bleeding wound.
The Michael Kadoorie family, with its 10% shareholding, was able to defeat Liu Luanxiong's 33% shareholding. In addition to the strong support of small and medium-sized shareholders, financial pressure was also an important reason.
For this kind of high-risk short-term loan used for mergers and acquisitions, banks have the right to evaluate the risk prospects and take measures to increase interest rates or discounts to ensure the safety of funds.
The Bank of East Asia's interest rate hike at this critical moment was not the straw that broke the camel's back.
"Shuzi, how dare you spit on someone?" Of course Li Guobao would not admit it, and stood up angrily and said, "This is the normal operation of the Bank of East Asia. 3 billion Hong Kong dollars is not just a few pieces of silver paper. Of course, the Bank of East Asia must ensure the safety of funds.
You are not strong enough and you blame the Bank of East Asia for this, which is simply abominable."
Not to be outdone, Liu Luanxiong retorted: "Have I slandered you? The Michael Kadoorie family's prime land in Causeway Bay has a market value of HK$600 million. Why did it sell it to you for HK$330 million? Bank of East Asia did something dirty.
Things still need to be talked about by others, and everyone is open-minded, so there is no need to use us as guns."
"Bullshit! I have known the Michael Kadoorie family since you were not born. What's wrong with doing business normally? This also became the reason for you, a street boy, to attack me. You are simply ignorant of your elders and extremely rampant.
"
"What kind of elder are you? A shady old guy."
"The street boy..."
…
The original topic was forgotten. The two actually started to quarrel in court. The pent-up resentment in their hearts was completely vented like the roar of the Yangtze River, and like the overflow of the Yellow River.
The business community in Hong Kong is a very interesting group.
These old-school businessmen with different ancestral origins are distinct from each other. Even the prefixes of Hong Kong's underworld are based on their ancestral origins and their business backers, forming small circles that exclude outsiders.
Some operate department stores, some operate grain and oil stores, some operate hardware stores, and some operate real estate. They stick to tradition and do not cross the line.
Chaoshan businessmen, for example, are mostly engaged in the department store real estate industry. Their strength is respected among Hong Kong businessmen. They usually fight with each other and are unanimous in dealing with the outside world. It is very interesting to analyze.
In the past, there were several classic cooperations with British foreign companies.
During the battle for the "Wharf" landing of the shipping king Pao Yugang, Li Jiacheng traded 18% of the Wharf shares he held, helping Pao Yugang defeat the British Jardine Matheson, and finally obtained the controlling stake of the Wharf shares, winning a crucial battle.
Important victory.
in turn
Shipping king Pao Yugang traded the 10 million Hutchison Whampoa shares he held to Li Jiacheng, and through HSBC's strong relationship, he helped Cheung Kong Holdings Group acquire Hutchison Whampoa, finally defeating the debt-ridden British-owned Hutchison Matheson and getting the coveted
A controlling stake in Hutchison Whampoa.
A series of wonderful transactions and cooperation have become an unparalleled classic of Chaoshan businessmen, and have profoundly affected the pattern of Hong Kong's business community in the next few decades.
Looking back on the present and recalling the past
This was the beginning of Li Jiacheng's fortune, and he embarked on the road to becoming a Chinese billionaire.
Throughout the entire acquisition process, Li Ka-shing showed extraordinary shrewdness. Wharf is a family business, and any attempt to acquire it will inevitably encounter stubborn resistance from family forces, and the price will be high.
As a public company, Hutchison Whampoa can win without any blood as long as it takes care of the interests of all parties.
He left the bones for Bao Yugang to chew and the meat for himself to eat.
Mergers and reorganizations may destroy a company, or it may cause a company to develop rapidly. The key lies in the level of acquisition and the ability to integrate assets after acquisition.
In the years that followed, US-funded consortiums and Japanese-funded consortiums landed on Hong Kong Island. During this period, overt and covert commercial battles continued.
Relying on the spirit of teamwork and the solid foundation of being rooted in Hong Kong Island for more than a hundred years, the old Chaoshan businessmen have successively squeezed each other out of the Hong Kong Island market. This is what Li Guobao said: "Fight with the British and the Americans."
, Fusang people are now mainlanders..."
These old-school businessmen are smart, capable, hard-working, good at building relationships, and good at using small favors to win over subordinates and customers. Their most distinctive feature is to form a closed circle and exclude outsiders.
Of course, after squeezing out outsiders, Chaoshan businessmen also fought endlessly among themselves for their own interests.
For example, the hot-selling properties above the subway, real estate in prime locations, and promising companies and projects. When Chaoshan businessmen compete with each other, it is like eight immortals crossing the sea, each showing his or her own magical powers.
Once encountering an invasion by external forces, it is really interesting to immediately unite to resist.
The country is turning, and every generation has heroes.
Like to reminisce is only for old people. These are all old things for the Royal Fund. The fierce dragons that are fighting in the sea of the world market, encountering these tricks are purely small cases, and they can directly crush them with their strength.
If gods stand in the way, they will kill gods; if they stand in the way of Buddha, they will kill Buddha.
Quoting poetry from great people;
It's all gone, but the romantic people still look at the present.
(I would like to wish everyone a happy New Year in advance. Because I am busy with social activities during the Spring Festival, it is a bit late to upload the updated chapters. Mr. Putao said that there will still be two updates during the Spring Festival, but the time is not sure whether it will be sooner or later. There is another chapter that is being coded.
Thank you for your understanding. By the way, I would like to ask for recommendations and monthly votes, thank you!)