After Li Guangyu agreed to give up the Xiangjiang Electric Lighting Group, MacLehose and Shen Bi were very happy. In this way, the two groups finally reached an agreement, and the current situation in Xiangjiang would not be affected.
MacLehose said, "Li Sheng, thank you for your concession. Don't worry, I will contact the British side to help you complete the acquisition of Jaguar as soon as possible."
Li Guangyu said, "Thank you very much, Mr. MacLehose. Please pay more attention to the acquisition of Jaguar Motor Company by you and Mr. Shen Bi."
Newbigian is happy that the Jardine Group was able to take over the Xiangjiang Electric Group, at least it fulfilled the Keswick family's request. As for the Governor and Shen Bi assisting the Li Group in acquiring Jaguar, it has nothing to do with the Jardine Group anyway. Bi Jian doesn't care.
Newbigian said, "Mr. Li, what do you plan to do with your shares in the Heung Kong Electric Group?"
When Li Guangyu decided to acquire Heung Kong Telephone Group, he was already thinking about the shares held by Jardine Matheson Group.
Li Guangyu replied, "Mr. Newbikin, what are your plans for the Telephone Group shares? You don't want to continue to hold them, do you?"
After Shen Bi listened, he felt that the shares in HSBC's hands would no longer work after the two companies had reached an agreement. Once Li Guangyu and Nubikin exchanged the shares of the two groups, the shares in HSBC's hands would be lost to him. Once you have it in your hand, it is impossible to make a big fortune.
Shen Bi said, "Li Sheng, Mr. Nubigian, we at HSBC are willing to sell our shares at the current market price. I wonder if you still need to take over."
Shen Bi was also helpless. HSBC was going to make a lot less money this time, but as long as it didn't offend these two major groups, it didn't matter if it made less money. It would be able to make up for it very quickly in the future.
Li Guangyu is very interested in the shares held by Shen Bi. He plans to delist Heung Kong Telephone Group and become a wholly-owned group.
Li Guangyu said, "Chairman Shen, our Li Group is willing to take over the shares of Xiangjiang Telephone Group from you at the market price."
Nubigian has also expressed its willingness to take over the shares of Heung Kong Electric Group from HSBC. The current problem is that Lee Group and Jardine Group hold each other's holding shares. It depends on how to negotiate.
Newbigian said, "Li Sheng, I think you don't want our Jardine Group to still hold the shares of Xiangjiang Electric Lighting Group, and we at Jardine have the same idea. I wonder what Li Sheng's plan is?"
Li Guangyu said, "Mr. Newbigian, both of us hold some equity of each other. If you need it, we can exchange the same shares according to market value. As for some of our extra shares, you Yihe will have to follow the rules we have in other countries." The purchase was made at the price of the big family purchase.”
Newbigian is obviously unwilling to agree with Li Guangyu's opinion. You must know that the market value of Heung Kong Electric Group is higher than that of Heung Kong Telephone Group, and Li Guangyu's shares in Heung Kong Electric Group are also higher than Jardine Matheson's shares in Heung Kong Telephone Group.
Nubigian said, "Mr. Li, our current acquisition of HSBC shares is based on market price. I don't agree with your suggestion."
Li Xuemei said, "Mr. Niubijian, you have to know that we acquired these shares at a high price. Our Li Group will never transfer the land price to you. At worst, our Li Group will continue to hold the shares of Xiangjiang Electric Group. We Li Group The group has always been interested in this group."
Seeing this, MacLehose immediately said, "Li Sheng, Mr. Newbigian, as for the exchange of equity between your two companies based on market value, I think you don't have any objections, right?"
Both Li Guangyu and Nubigian said there was no problem. Neither of them wanted the other to become the second largest shareholder in their own group. Having such a large share could threaten their position at any time.
MacLehose said, "That's good. You can notify the group personnel to come over and convert the two groups now. We will solve this problem today. Many reporters outside are waiting. If you don't reach an agreement, in Hong Kong tomorrow
Public opinion may be detrimental to the stability of Xiangjiang."
Li Guangyu also knows that if a deal with Jardine is not reached today, then various news will emerge tomorrow, which will have a bad impact on both the Li Group and the Jardine Group.
Li Guangyu asked Li Xuemei to contact Zhou Xiaoning and bring financial personnel and shares of the two groups to exchange with Jardine. Newbigian also asked the financial director Wei Jiali Deshaun to notify Jardine Group to transfer the two groups.
The shares were brought over for trading with the Li Group.
When people from the two groups brought the shares, it was already past six o'clock. Those people in the conference room obviously had no intention of leaving. Even the Governor of Hong Kong, MacLehose, was still here.
After seeing the deal between Li Group and Jardine Group, he had no intention of leaving.
The reporters outside the HSBC Building have been waiting here since two o'clock in the afternoon. Now several hours have passed and they still haven't seen Li Guangyu and others come out. They know that the negotiations inside must not go smoothly. Even Governor MacLehose is staying inside.
After more than two hours, I saw the financial steward of the Li Group coming to HSBC again at this time. They all speculated about the situation inside. No reporter had the idea of leaving.
After Zhou Xiaoning and others arrived, Li Group and Jardine Group immediately started the conversion.
Today, in Heung Kong Electric Group and Heung Kong Telephone Group, the Lee Group holds 465 and 457 shares respectively, while the Jardine Group holds 453 and 452 shares.
Today, Heung Kong Electric has 500 million shares with a market value of 195 Hong Kong dollars per share, while Heung Kong Telephone Group has 300 million shares with a market price of 24 Hong Kong dollars. After calculations by Zhou Xiaoning and others, Li Guangyu only needs to exchange 334 shares of Heung Kong Electric for Jardine
All the shares of Xiangjiang Telephone Group held by the group.
After Li Guangyu and others calculated the shares, they signed a share exchange agreement in the presence of MacLehose and Shen Bi.
After finishing, Li Guangyu said to Nubigian with a smile, "Mr. Nubigian, I still have 131 shares of Xiangjiang Electric Group in my hands. It seems that I still have to ask someone to become a director there."
After considering the financial situation of the group, Nubigian had no intention of acquiring the shares held by Li Guangyu. Li Guangyu was obviously unwilling to purchase them at the market price, and Nubigian itself was not willing to pay three levels higher than the market price.
Newbigian said, "Li Sheng, we very much welcome your personnel to come, and we also hope that your Li Group will send elite talents to assist the management of the group."
Li Guangyu didn't believe what he said. If he sent someone there himself, I'm afraid it would be like a rubber stamp and of no use. Nubigian obviously wouldn't let Li Guangyu get involved in the affairs of Xiangjiang Electric Group.
Li Guangyu said to Shen Bi, "Chairman Shen, now it's time for us to calculate your shares in Xiangjiang Telephone Group. Our Li Group will acquire them according to the current market value."
Shen Bi smiled and said, "Li Sheng, just wait a moment, I'll have someone deliver the shares right away."
Shen Bi turned to Nubigian and said, "Mr. Nubigian, do you still need to acquire our shares in Xiangjiang Electric Group?"
Since Nubician has no intention of holding a wholly-owned shareholding, according to Hong Kong regulations, the largest shareholder of a listed company cannot exceed 75% of its shares. He still has to sell some shares, so why would he acquire HSBC's shares?
Newbigian said, "Chairman Shen, now our Jardine Group has mastered the shares of Xiangjiang Electric Group 791, which has exceeded the regulations of listed companies. There is no need to buy the shares in your hands anymore. I hope we can be as good as before." , continue to maintain friendly cooperation.”
Shen Bi said nothing after hearing this. It seemed that these shares could only be in the hands of HSBC temporarily.
After calculation by Zhou Xiaoning and HSBC personnel, Li Guangyu bought HSBC's 65% stake in Hong Kong Telephone Group at a price of HK$24 per share.