After having lunch with the senior executives of Xingyu Group, Li Guangyu came to Tianyu Investment Company next to Xingyu Group. Li Guangyu came here today mainly to understand how the acquisition of Hutchison Whampoa in the stock market has been going in the past few months.
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Li Guangyu came to Guo Fengtao's office and asked: "Fengtao, how is the current stock acquisition of Hutchison Whampoa going?"
Guo Fengtao knew that Li Guangyu came here for this. At the beginning of this year, he mobilized 900 million Hong Kong dollars to Tianyu Investment Company just to acquire Hutchison Whampoa's shares.
"Li Sheng, since Hutchison Whampoa's performance has not been good in the past few years, there are still quite a lot of company shares for sale on the stock market. After five months of slowly absorbing it, we have spent 800 million Hong Kong dollars and acquired a total of 15.4
% of the shares." Guo Fengtao reported.
Li Guangyu heard that after acquiring so many shares, he is probably the second largest shareholder of Hutchison Whampoa. Apart from the shares pledged to HSBC by the Qi Dezun family, he owns the largest number of shares.
Li Guangyu asked: "Feng Tao, what is the current situation in the Hutchison Whampoa stock market."
"Don't worry, Li Sheng. We divide these 15.4 shares into Tianyu Investment Company and Mengping Fund, as well as your personal and Xingyu Group accounts. In addition, our acquisition took a long time, and the market value of Hutchison Whampoa's stock is only a small amount."
There is an increase, but it doesn’t have much impact," Guo Fengtao said.
After hearing this, Li Guangyu said: "We will no longer acquire Hutchison Whampoa's stocks for the time being. You can set up three more offshore funds to facilitate future operations."
Guo Fengtao naturally has no objection to the establishment of offshore funds, which is very convenient.
"Li Sheng, the offshore fund also asks you to name it." Guo Fengtao said.
Li Guangyu was really not very good at naming. He thought about it and said, "We will name the three funds Suzaku, Blue Bird, and Dapeng."
"Okay Li Sheng, I will handle it as soon as possible." Guo Fengtao replied.
Li Guangyu considered the issue of equity participation in some companies in the United States and some issues in Xiangjiang. He said to Guo Fengtao: "You notify Mr. Yuan Tianfan and ask him to establish a Jade Bird Investment Company in the United States, and then you take the Hutchison Investment Company currently controlled by Xingyu Group
Transfer the Huangpu shares."
Li Guangyu is planning to establish the headquarters of Dapeng Investment Company in Baodao and the headquarters of Zhuque Investment Company in rb. Let several investment companies hold the stocks of listed companies respectively, especially the future Internet industry. Make arrangements early now, and in the future, they will be based on local conditions.
, it depends on which funds will invest in it.
"Okay Li Sheng, I will contact Yuan Sheng tonight. After I handle several funds, Yuan Sheng can set up an investment company." Guo Fengtao said.
Li Guangyu thought that after the current investment company suspended the acquisition of Hutchison Whampoa, it had no other goals, and thought that next year the charter king would compete with Jardine Matheson in Wharf.
Li Guangyu said: "You will slowly acquire Wharf's shares. After the mid-year meeting, I will mobilize some funds from your company."
Guo Fengtao was thinking that the company's funds were running out, but he didn't expect that Li Guangyu solved this problem for him.
"Okay Li Sheng, I will arrange it." Guo Fengtao replied.
Perhaps Li Ka-shing had already reached an agreement with HSBC. The day after Li Guangyu returned to Hong Kong, Li Ka-shing called the company and invited Li Guangyu to have afternoon tea.
When Li Guangyu arrived at Taikoo Tea House, Li Ka-shing had already arrived.
Li Guangyu walked in and said, "Uncle Li, I thought I would wait two days before visiting you, but I didn't expect you to ask me out today."
Li Ka-shing said: "Guangyu, you are not here during this period, and I have no chance to contact you about some matters in our company. Didn't I hear that you were back yesterday, so I asked you to come out to meet me today."
Li Guangyu knew that Li Ka-shing was busy communicating with HSBC and was preparing to buy the shares pledged by the Qi Dezun family to HSBC and Hutchison Whampoa.
"If Cheung Kong Industries is led by Uncle Li, anything can happen. I believe Cheung Kong will definitely become a leading company in Hong Kong in the future," Li Guangyu said.
"Guangyu, you have full confidence in me. I am currently discussing with HSBC about our Cheung Kong's acquisition of Hutchison Whampoa shares, so I want to inform you." Li Ka-shing said.
Li Guangyu asked: "Oh, Uncle Li, are there any difficulties in this? Do you need my help?"
Li Ka-shing is very confident in this negotiation. As long as Li Guangyu does not interfere, he can acquire Hutchison Whampoa.
Li Ka-shing said: "Guangyu, there is not much difficulty at the moment. Our group needs to borrow a sum of funds from HSBC for this acquisition. You are our second largest shareholder of Changshi. I should explain it to you."
"Uncle Li, I have no problem. I said at the beginning of the year that I agreed to Changshi's acquisition. If Changshi Group has financial difficulties, I can inject capital." Li Guangyu replied.
Li Ka-shing also knew that Li Guangyu had abundant funds, and he had no intention of letting Li Guangyu inject capital into Cheung Kong Group to dilute his equity. Letting Li Guangyu hold 20% of the shares of Cheung Kong Group was already his limit, and he was not willing to end up with it.
Work for Li Guangyu.
Li Ka-shing said: "Guangyu, I appreciate your kindness. Currently, there is no problem with the funds of Cheung Kong Group. HSBC also provided us with a loan for the acquisition of Hutchison Whampoa. As long as the time is right, this company will belong to us."
Li Guangyu never thought about controlling Hutchison Whampoa himself. With Li Ka-shing as the head, Hutchison Whampoa's development is also very good. Li Guangyu can just hold these shares and wait for dividends.
Although the shares are still a little small now, Li Guangyu is not in a hurry. In 1981, it was the time when Li Guangyu invested in well-known companies in Hong Kong. At that time, the market value of many companies fell by more than half, and Li Guangyu could slowly choose to absorb them.
Li Guangyu said: "Then I hope Uncle Li and HSBC will complete this transaction as soon as possible. By then, Uncle Li will be the first person to acquire a British-owned enterprise with Chinese capital."
Although Li Ka-shing doesn't care about these false reputations, he was still very happy to hear Li Guangyu say this.
"Guangyu, those are all false names. If you are willing, with your current financial resources, it will be easy to acquire a company from a British consortium." Li Ka-shing said.
Li Guangyu is currently not interested in acquiring several major foreign companies in Xiangjiang. He plans to wait until 1982, when British-funded consortiums will transfer out of Xiangjiang on a large scale. Li Guangyu will not let go of that opportunity.
We must take a bite out of the British consortium.
Li Guangyu said: "Uncle Li, aren't I afraid of going up against the British consortium? Uncle Li is still very good. He competed with Yihe last year, and this time he is planning to acquire Hutchison Whampoa of the Qi Dezun family. What are you doing?
Our Chinese family has set an example."
Li Ka-shing does not believe that Li Guangyu is afraid of the British-funded consortium. The current market value of Li Guangyu's group is no weaker than that of the four major foreign banks. The reason why Li Guangyu does not go against the British-funded consortium is that he looks down on the market here in Xiangjiang.
You must know that except for the development of Tian Shui Wai, Li Guangyu's Starlight Real Estate Group has not acquired land anywhere in Hong Kong. Instead, it has invested heavily in RB to develop RB's real estate market.
"Guangyu, you are being humble when you say this. At present, the only Chinese family that can really compare with the major British-owned foreign companies is you. It's just that you are unwilling to do it." Li Ka-shing said.