This place has almost become Chu Huan's base for discussing all matters.
The same goes for meeting Li Fushu this time.
"Director Chu, I really can't help with this matter. After all, Feng Chenfen is now the chairman of Huazhi, and the matter still has to be decided by him!"
After meeting Chu Huan, Li Fushu thought that he knew why Chu Huan invited him here. He didn't want to have a confrontation with Chu Huan, so he simply told Chu Huan about Hua Zhi's situation.
He thinks that Chu Huan wants to use him as a breakthrough point to get the Chinese Bank!
It's a pity that it was Feng Xifen who decided to sell Chinese Bank to Cheung Kong, not me, Li Fushu!
Chu Huan waved his hand and said with a smile: "Li Sheng is worrying too much. I naturally know the cause and effect of this matter."
"The reason for inviting Li Sheng here this time is actually for another thing!"
Li Fushu was stunned for a moment. They didn't have any intersection. Although Li Fushu hoped to have more intersections, what else could it be if Chu Huan asked him to come here if it wasn't for the Chinese trip?
"Director Chu, please tell me if you have something to say!"
Chu Huan said with a smile: "I am personally very interested in Chinese Real Estate. If possible, I would like to buy all the shares of your Li family in Chinese Real Estate from Li Sheng!"
Since the current trouble cannot be solved, then solve the person who caused the trouble!
This is how Chu Huan came up with the solution to the problem of the Chinese Bank.
In the era when Chu Huan was reborn, Chinese Real Estate had a market value of nearly HK$4.3 billion.
However, the Chinese real estate at that time was basically Liu Luanxiong’s personal property, and the Chinese real estate at that time was different from the Chinese real estate now.
The current Chinese Real Estate has been introduced before. Apart from the Chinese Bank that is about to be sold, a commercial building in North Point, and some stocks of HSBC and other companies, there are no other assets.
In later generations, under Liu Luanxiong's continuous operations, Chinese Real Estate had already become a comprehensive consortium spanning multiple companies. During this period, Liu Luanxiong also split up Chinese Real Estate many times, which led to the Chinese Real Estate company.
When Chu Huan was reborn, there was only 4.3 billion Hong Kong dollars.
This does not truly represent the assets of Chinese Real Estate.
But in any case, Chinese real estate is not that expensive now.
Even including the Chinese Bank that has not yet been sold, the market value of Chinese Real Estate at this time is only about 250 million Hong Kong dollars!
The office buildings in North Point, like the Chinese Bank, are old buildings, and the occupancy rate has never been high. In addition, the land price in North Point cannot be compared with that in Central, and the market value is only tens of millions.
Li Fushu was stunned for a moment. He never thought that Chu Huan not only did not give up on this matter, but also set his sights directly on Chinese Real Estate?
"Director Chu, this matter is not a joke?"
Li Fushu didn't know whether what Chu Huan said was true or false.
Chu Huan smiled calmly and said: "Of course it's not a joke. Our company has conducted a detailed investigation on Chinese Real Estate. Now the asset value of Chinese Real Estate is about 250 million Hong Kong dollars, and Li Sheng holds about 20.3% of Huazhi.
If you include other members of your Li family, excluding Mr. Li Fuzhao, your Li family holds a total of 28.5% of the shares of Huazhi."
At this point in the sermon, Chu Huan paused and said: "Let me talk about the 20.3% of Li Sheng's shares first. I am personally willing to buy it at a price 20% higher than the asset value, which is 60.9 million Hong Kong dollars!"
Li Fushu didn't expect that Chu Huan actually meant it. Now the pressure is on Li Fushu. Should he sell his shares in Huazhi?
Chu Huan said with a smile: "Li Sheng, Huazhi has not made any development in these years. Even if it received the funds from the sale of Chinese Bank to develop Huazhi, Huazhi's equity distribution is different from other real estate companies.
It is unknown how much say Li Sheng can have in China Real Estate and how much dividends he can get every year. It is better to accept the 60.9 million Hong Kong dollars in cash. At this time, Xiangjiang Real Estate is in a slump, so it is the right time to start.
the best time.
Whether Li Sheng wants to set up his own real estate company or use it to develop other family businesses, I think it will be more suitable than what you want to do with the shares of Huazhi that cannot be liquidated."
Li Fushu was slightly moved. After what happened this morning, Li Fushu was actually a little disheartened towards Huazhi. The internal problems of the Li family had been exposed in Huazhi's case. Even if he was to take shifts in the future,
He became the chairman of the board of directors of Huazhi, but even if he did not hold a dominant share, he still had to be controlled by Feng Xifen.
If you want to give yourself the right to speak that the Li family had in Huazhi, there are two ways. The first is to deal with the inside of the Li family, and the second is to acquire more shares of Huazhi on the market.
But does Huazhi still have this potential?
"30%, which is higher than 30% of the asset value, I will sell Huazhi's shares to you, Director Chu!"
Li Fushu has been tempted. Since he can no longer get the real control of Huazhi, he might as well sell Huazhi's shares and live a relaxed life.
In fact, in another time and space, Li Fushu did the same thing. At that time, due to internal discord in the Li family, Li Fushu and others were kicked out of the board of directors of Huazhi by the Feng Xunfen family. Li Fushu also directly sold all his shares in Huazhi out of anger.
All shares were sold to Liu Luanxiong.
All of this now was just because of Chu Huan's early appearance, which led Li Fushu to discover the true situation of his property in China and the plans of the Feng Xunfen family in advance.
Now that Chu Huan is willing to spend real money to buy the shares in his hands, he is naturally following the trend. As Chu Huan said, holding more than 60 million in cash in his hands is better than anything else!
However, Chu Huan will definitely not increase the price. For Chu Huan, the acquisition of Chinese Real Estate is actually just to have the name of a listed company. In addition, Chu Huan also likes the HSBC stocks in the hands of Chinese Real Estate and some unlisted stocks.
The shares of listed real estate companies, such as HSBC's stocks, are a good thing. Just like Coca-Cola's stocks, they will increase in value every year and can be regarded as a long-term investment.
This chapter is not over yet, please click on the next page to continue reading! "20% is the most. If Li Sheng disagrees, then I will buy the entertainment bank of China Entertainment. The price of the entertainment bank will definitely be cheaper than that of the Chinese bank."
China Entertainment is a long-established entertainment company in Hong Kong, but it has stopped being in the entertainment industry for a long time. The most valuable thing in its possession is an entertainment store located in Queen's Road Central adjacent to the Chinese Bank!
In another time and space, after Huazhi sold Chinese Bank to Li Changshi, he used the funds to acquire half of the shares of China Entertainment and became the largest shareholder of China Entertainment.
Hearing what Chu Huan said, Li Fushu was a little speechless. He had long heard that Chu Huan liked one-shot deals when doing business. The price given to you will definitely make you a profit, but if you are not greedy enough, Chu Huan will give up directly.
Now he has finally seen it.
"Okay, 60.9 million is 60.9 million!" After thinking for a while, Li Fushu finally decided to sell his shares in Huazhi to Chu Huan.
Chu Huan showed a satisfied smile, but even after getting Li Fushu's shares in China Real Estate, he now had less shares in China Real Estate than Feng Xinfen, and there was still no way to prevent Feng Xinfen from selling Chinese Bank to Changshi.
"Li Sheng, there is one more thing. I know that other members of the Li family also own some shares of Huazhi, so I would like to ask Li Sheng to help with the acquisition. The price is also 20% higher than the asset value, but the specific acquisition price
I don’t care, what do you think, Li Sheng?”
Dealing with Li Fushu is only the first step to obtain Chinese real estate, and letting Li Fushu deal with the rest of the Li family is the second step!
After hearing this, Li Fushu's eyes suddenly lit up. There is a lot of room for maneuverability in 20%, and after the Li family lost their shares in Huazhi, they completely lost their say in Huazhi. I believe that
Those people will definitely be very happy to sell their shares.
"No problem, I can give you an answer the day after tomorrow, Director Chu!"
Chu Huan shook his head and said: "It won't work the day after tomorrow. I want this result today. If you can't get the shares of other people in the Li family, I will give up the acquisition of Chinese Real Estate!"
Feng Xifen will sell Chinese Bank to Cheung Kong on behalf of Chinese Real Estate tomorrow. If Chu Huan gets the shares of Chinese Real Estate the day after tomorrow, what use will it be?
Since Li Fushu had agreed to sell his shares in Huazhi to Chu Huan, he naturally did not want to cause any complications. He thought for a while and said: "Then I will do this now and give you an accurate answer to Director Chu tonight."
!”
Chu Huan smiled and said: "Then I wish us a happy cooperation!"
Li Fushu also extended his hand to Chu Huan and said: "Happy cooperation!"
The two sides shook hands, and then Li Fushu left!
After Li Fushu left, a man who looked somewhat similar to Li Fushu but had a hint of domineering between his eyebrows came to the private room where Chu Huan was.
"Looking at the way my third brother left happily, it seems that Director Chu got the shares he wanted to get?"
Li Fuzhao preached with a hint of disdain.
This slight disdain is for Li Fushu, who just left. The internal relations of the Li family are complicated, but they can be roughly divided into two categories.
The first category is the children of the Li family, represented by Li Fushu. They also have discord internally, but they still have a tacit understanding externally.
The second category is Li Fuzhao. Although Li Fuzhao is the most famous person in the Li family now, he is not in harmony with the entire Li family, and the root of this problem lies in the Bank of East Asia.
As one of the three major shareholders of the Bank of East Asia, the Li family naturally has a seat on the board of directors. However, as the most successful member of the third generation of the Li family, Li Fuzhao has never entered the Bank of East Asia and become a director of the Bank of East Asia. This is
This made Li Fuzhao very dissatisfied.
This is also the fundamental reason why Li Fuzhao is at odds with the entire Li family!
It is rumored that Li Fuzhao could trade in stocks at the age of six. As the youngest son of Li Guanchun, Li Fuzhao entered Xiangjiang University at the age of 17, but he only studied for one year before flying to North America with $50,000 to complete his business studies at the University of Wydingburg in Ohio.
Master's program at the age of 21.
However, at that time, the Hong Kong government only recognized British education, so Li Fuzhao's degree was not recognized. Li Fuzhao did not want to work under the shadow of his family, so he flew to England to obtain professional qualifications. When he returned to Hong Kong in 1958, he was already a certified public accountant.
At that time, the Li family's ancestral business included banking, shipping, and real estate. After returning to Hong Kong, Li Fuzhao's mentality changed and he hoped that his father would arrange for him to join the Bank of East Asia. However, Li Guanchun was too scrupulous at the time and did not agree to Li Fuzhao's request. Instead, he asked him to
As an accountant, he manages the family shipping and property business.
At that time, the Shenghai Gang was thriving in the shipping industry, but Li Fuzhao resolutely sold his old ships and invested his funds in real estate and stocks.
He has participated in the reconstruction of Hing Wei Building, purchased properties, renovated buildings, etc.
At a time when real estate was becoming increasingly popular, Li Fuzhao's interest was still speculating in stocks.
He was good at this, buying and selling, and his wealth increased much more than real estate.
What happened in Xiangjiang in the summer of 1967 caused people to panic. Big stock investors sold their stocks to cash out, and the stock price plummeted.
Li Fuzhao carried the stocks and hurriedly boarded the plane to London.
The people on the same plane were all the wealthy people from Xiangjiang who were fighting for their lives.
While living in London, Li Fuzhao often visited several stock exchanges.
There are many London Stock Exchanges, it is easy to join the brokerage association, it has many members, and it is easy for companies to list. But in Hong Kong, it is a different story.
The securities trading in Xiangjiang is monopolized by one company.
The Xiangjiang Club is basically controlled by foreigners, with very few Chinese, and only 60 brokerage members. Its status is like a hereditary aristocracy, and it is difficult for newcomers to join if they have money.
A few years ago, Li Fuzhao proposed to the Hong Kong Association to expand its membership to 80 members, and each new member should pay membership fees in accordance with the regulations. This was flatly rejected by the chairman of the Hong Kong Association.
Li Fuzhao was so worried that his dream of opening a stock brokerage firm came to nothing. He opened an accounting firm and could only trade stocks as an ordinary stock investor.
The fate of stock investors is controlled by the tycoons of the Hong Kong Society.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! While staying in London, news came that the Hong Kong Stock Exchange (Hong Kong Stock Exchange) announced a two-week suspension of trading.
Li Fuzhao looked at the millions of stocks in the drawer and burst out in anger, vowing to break the dominance of one company!
After the incident in Xiangjiang subsided, Li Fuzhao returned to Xiangjiang and conspired with Hu Boji and others to establish a new stock exchange.
At that time, Li Fuzhao was afraid that Heung Kong Club would have patent rights and consulted a lawyer. Only then did he learn that Heung Kong Club was just an ordinary company and the Hong Kong government did not implement patent controls on securities transactions.
This means that the Hong Kong Association cannot legally occupy a monopoly position.
Li Fuzhao was extremely excited and applied for a patent to prevent foreigners from taking the initiative. Everything was done in secret.
Among them, 150 telephone lines connected to the old site of the Chinese People's Bank of China Building were installed by Wu Xianjian, a member of the preparatory committee, in his private name to the telephone company.
After more than two years of secret preparation, the Far East Exchange was established on December 17, 1969.
Li Fuzhao served as the first chairman.
The reputation is unparalleled!
Although Li Fuzhao drank plenty of foreign water, because he was born in a large feudal family, Li Fuzhao unconsciously brought the feudal paternalistic style to the exchange. He often summoned brokers and employees to lecture.
This is true in the company, and it is also true at home. Li Fushu once said: "When he stands up, no junior dares to sit down. No matter at home or in the Far East Association, his words are imperial edicts, and no one dares to disobey them."
, and no one raised any objections.”
This also caused many younger members of the Li family to dislike Li Fuzhao very much.
Chu Huan smiled and said: "Principal Li, now that your brother has sold me his shares in Huazhi, there is no use in keeping the shares in Huazhi that Principal Li holds, right?"
Because of his love of coaching, outsiders often call Li Fuzhao Principal Li, and Li Fuzhao himself likes this title very much.
The trading volume of Huazhi's shares on the Xiangjiang stock market is very small. This has been mentioned before, but under such circumstances, there are still people on the Xiangjiang stock market who have been interested in acquiring Huazhi's shares. Basically, how much is sold?
Just charge as much as you want!
Although the quantity is not very big!
But after years of unremitting acquisitions, this acquirer must have a lot of Huazhi shares in its hands.
And this person is actually Li Fuzhao.
There is no way to gain control of Huazhi just by getting all the shares of Li Family and Li Fushu, but if you get the stocks in Li Fuzhao's hands, it will be enough for Chu Huan to hold more shares of Huazhi than the Feng Xinfen family.
, and Chu Huan also has the right to terminate the transaction between Huazhi and Changshi.
Li Fuzhao chuckled and said: "Director Chu is very calculating. First, he obtained the shares of Huazhi from my third brother at a high price, making the shares I acquired useless, and then he could hold a board meeting as the largest shareholder of Huazhi.
, became the chairman of the board of directors of Huazhi, and obtained the Chinese Bank.
Everyone said that Chu Huan's business myth in Xiangjiang would be broken this time, but no one from HSBC, Cheung Kong, Feng Xifen and others thought that you, Director Chu, had actually played a trick of pulling out the salary from under the cauldron and directly controlled it.
Chinese real estate!”
Chu Huan said nonchalantly: "What a myth! If you, Li Sheng, can get the shares of Chinese Real Estate from your third brother, this myth will naturally be shattered!"
Li Fuzhao acquired the shares of Huazhi, naturally hoping that one day he could aspire to be the leader of Huazhi, but he understood that the people in his Li family were a group of short-sighted people, and if they supported him, they would definitely have to pay a price, so Li Fuzhao has always been
It was just an acquisition, but there was no intention to take over Huazhi.
Only when you get at least 30% of the shares in your hands will you have this opportunity.
It's a pity that if Chu Huan didn't show up, there might be this opportunity, but now that Chu Huan showed up and took out real money, all his previous plans have been disrupted.
Now the shares of Huazhi in my hand are useless.
Since it is of no use, it will be sold if it is sold. At least it can be exchanged for cash. As the chairman of the Far East Association, Li Fuzhao can use this cash to control several times or even more than ten times the assets.
"Dr. Chu, actually many people and I have a curiosity!"
Li Fuzhao did not immediately agree to Chu Huan's acquisition of his shares in Huazhi, but instead expressed a curiosity of his.
"Li Sheng, please speak!" Chu Huan said with a smile.
"Director Chu, how much cash do you have in your hands?" Li Fuzhao was really curious about this matter.
Eight or nine billion!
Chu Huan silently thought that youth toys have entered the formal stage and can bring Chu Huan at least 290 million Hong Kong dollars in net profit every month. From the launch of youth toys in June to October now, not counting June, October
With a profit of only three months, Youth Toys has provided Chu Huan with 870 million Hong Kong dollars in liquidity.
The previous acquisition of Jiahe cost 120 million Hong Kong dollars, and today it cost 230 million Hong Kong dollars to pay the final payment for the Golden Gate Tower, with another 50 million in expenses. At this time, Chu Huan still has at least 470 million Hong Kong dollars in hand.
The profits from "Fantasy Comics" have now been invested in the projects of Youth Toys "R" Us to build flagship stores in other areas.
As for the profits from Youth Toys, apart from the profits from these three months, the profits from June, and future profits will also be invested in part of it!
But these things must not be told to Li Fuzhao.
“It’s not a lot of cash, but it’s enough to cover the acquisition of Chinese Real Estate.”
Chu Huan said this.
Li Fuzhao also knew that Chu Huan would not tell him the truth, so he smiled and said: "The price is equivalent to the price that Director Chu purchased from Li Fushu. Director Chu should have no objection to this, right?"
Chu Huan smiled and nodded: "Of course there is no problem!"
"Okay, the 19.6% shares in Huazhi that I hold belong to you, Director Chu!" Li Fuzhao said with a smile.
Chu Huan stretched out his hand again and said, "Then I'll thank Li Sheng first!"
The two then separated at Wuyuehui, and Chu Huan returned to Jiahu Building. At three o'clock in the afternoon, Chu Huan received a call from Li Fushu. The other party had already taken care of the other members of the Li family and obtained the remainder of the Li family's property in China.
of 8.9% of the shares.
This chapter is not over yet, please click on the next page to continue reading! Li Fushu holds 20.3% of Huazhi shares, Li Fuzhao holds 19.6% of Huazhi shares, and others in the Li family hold 8.9% of Huazhi shares.
Chu Huan already owned 48.8% of Huazhi's shares at this time.
Became the largest shareholder of Huazhi.
Although it has not reached 51%, it is enough to ensure that Chu Huan has absolute say in China Real Estate.
This is the discord within the Li family. If the Li family could be as united as the Cao family, neither Chu Huan now nor Liu Luanxiong in another time and space would be able to gain control of Huazhi.
Sometimes, internal battles are more likely to cause a group to collapse than external blows!
But according to Chu Huan's cautious character, this matter must be 100% guaranteed.
So Chu Huan called Fengwu Securities.
Cao Yunshang answered the phone.
"How's it going?" Chu Huan asked.
Cao Yunshang smiled and said: "After these few days of acquisitions, we have acquired 3.2% of Huazhi's shares!"
Only with a 52% controlling stake can we truly control the overall situation.
"Where are you?" Cao Yunshang also knew Chu Huan's operation today and asked Chu Huan.
Chu Huan said: "Xu Yi just came back from the lawyer's office and has already signed the contract with them!"
Cao Yunshang smiled and said: "So, the Chinese Property is already yours!"
Chu Huan said: "We have to wait until tomorrow!"
Cao Yunshang smiled lightly, "Will it be different today and tomorrow?"
The two then agreed to talk about the specific matters when they got home and hung up the phone.
...
When it was time to get off work, Xu Yi came to Chu Huan's office.
"Boss, the final payment for the Golden Gate Tower has been paid to Land!"
Today is the last day for Hang Lung Properties to pay the final payment of the Golden Gate Tower, but Chu Huan will definitely not let Xu Yi give the money to Land when he first goes to work in the morning.
The interest of HKD 230 million is quite a lot!
Chu Huan nodded and asked, "Is there anything you can say about Land?"
Xu Yi shook his head and said: "No, after confirming that the balance payment has been paid, he called me, said some things about the situation, and then hung up, but I could feel that the other party was still very surprised that we could deliver Kinmen so smoothly.
The final payment of the building!”
Naturally, he was surprised. Chu Huan had just spent 120 million Hong Kong dollars to acquire Jiahe, and now he spent another 230 million Hong Kong dollars to pay to Land.
The two sums totaled more than 300 million in cash. Even Hong Kong Land and Jardine Matheson, a top consortium in Hong Kong, would not be able to come up with so much money at this time.
What's more, the Land Group must now know that Chu Huan wants to acquire Chinese Bank.
This is another huge amount of cash.
However, many people who know about this matter now believe that Chu Huan was choosing between two options, either paying the final payment of the Golden Gate Tower or acquiring the Chinese Bank.
According to everyone's calculations, no matter how rich Chu Huan is, he can't be this rich, right?
Regarding the fact that Hang Lung Properties paid the final payment of the Golden Gate Tower as scheduled, everyone who has been paying attention to this matter already knows it without publishing it in the newspapers.
Although everyone understood that Chu Huan would definitely not break the contract, they still couldn't help but become surprised after knowing it.
Subsequently, the topic of how Chu Huan had so much cash began to be discussed in Hong Kong's celebrity circles.
"The greatest possibility is that Chu Huan still has the support of banks, especially the support of HSBC!"
Some people say this. After all, there are only a few banks in Xiangjiang that can withdraw so much cash in a short period of time, and the largest one is HSBC.
"Probably not. If Chu Huan had received support from HSBC, he would not have competed with Cheung Kong Bank of China!"
Some people hold different opinions.
And this is a view that many people agree with.
Some people even called their acquaintances at the bank and asked whether Chu Huan had taken a loan from their bank.
Of course, it is impossible for the bank to tell such a thing, but it just said that it is a business secret.
However, many people still think that banks in Hong Kong do not have this strength.
"Maybe it's not a bank in Hong Kong!"
At this time someone has a new perspective!
According to Chu Huan's current development scale, if Chu Huan chooses to cooperate with a bank, he will no longer be limited to Xiangjiang, although banks in Xiangjiang are the most convenient.
"If it wasn't a bank in Xiangjiang, it would be very possible!"
"No wonder Chu Huan has been able to develop so smoothly in Xiangjiang in recent years. It turns out that Chu Huan has already contacted banks in other places!"
This view soon gained recognition from most people.
"Could there be help from an overseas consortium?"
Chu Huan received help from a bank outside the city. This view is shared by the most people, but it does not mean that everyone agrees. Some people have other ideas.
"Don't forget, the companies under Chu Huan's name are all cooperating with banks in Xiangjiang. I think it's more likely that Chu Huan is connected to overseas consortiums!"
People on both sides with different opinions began to discuss the matter.
But no matter what, the issue of cash flow in Chu Huan's hands has become the hottest discussion topic in Xiangjiang nowadays.
And this discussion will reach its peak tomorrow.
The next day!
The sun was shining brightly, and Li Jiacheng did not appear in Changshi, but came to Chinese Real Estate with his team of lawyers.
Today will be a very meaningful day for Cheung Kong, which means that Cheung Kong Industrial has finally left North Point and arrived at Central, the core area of Hong Kong!
This will be a historic day for Changshi!
When Li Jiacheng arrived at the office of Feng Xifen of Chinese Real Estate, Feng Xifen and others were already waiting for Li Jiacheng.
Feng Xunfen and Li Jiacheng shook hands and exchanged greetings, and then prepared to sign a contract!