Now that he had decided to revise the acquisition plan, Chu Huan immediately held a high-level meeting of Jiaku after Jian Yueqiang left, and also called Liu Zhiyuan, Chen Tao, Bryant, and Du Huilian to the conference room.
After everyone listened to Chu Huan's description and thought about it for a while, Bryant asked Chu Huan.
"Chairman, since we have modified our acquisition plan, should we continue or suspend the acquisition of Standard Chartered Bank shares on the London Stock Exchange?"
Chu Huan preached, "Reduce the number of acquisitions, but continue to maintain it!"
The acquisition of Standard Chartered Bank must not be given up, but more secure methods can be used to reduce the number of acquisitions per day, so as to better avoid being discovered by Standard Chartered Bank.
Liu Zhiyuan asked, "Chairman, should we completely stop the acquisition of local banks in Hong Kong, or what should we do?"
Chu Huandao said, "Sending an acquisition application to the local bank we have already identified indicates that it is a good-faith acquisition. If the other party gives up, there is no need to continue!"
According to Chu Huan's idea, if the acquisition of a local bank in Hong Kong can be completed through friendly negotiation, Chu Huan has no objection. The difference between now and before is actually that in the past, Jiaku Bank had to acquire this bank during this time period.
bank, but now things are different.
Then everyone discussed the specific details of the entire acquisition plan. By the time the meeting ended, it was already evening.
The next day!
Chu Huan did not go to the Chinese Bank, but came to the Prince's Building Global Shipping Headquarters.
Chu Huan came in person. Bao Yugang's two sons-in-law, Su Haiwen and Wu Guangzheng, were waiting for Chu Huan in the lobby of the building. After seeing Chu Huan, they cordially introduced Chu Huan into the elevator.
"Haha, I received a call from you this morning, Ah Huan, and I deliberately postponed all my schedule!"
After seeing Chu Huan, Bao Yugang also laughed and stood up on his seat, walked up to Chu Huan, shook hands with Chu Huan, and then invited Chu Huan to sit on the sofa.
"I don't go to the Three Treasures Palace for anything. Ah Huan, you come here in person this time. You must have something important to say, right?"
Bao Yugang sat opposite Chu Huan and asked with a smile.
Once the richest man in Xiangjiang, now the richest man in Xiangjiang, the two met so formally, Bao Yugang was sure that Chu Huan must have something important to discuss with him this time.
Chu Huan nodded and said, "There are indeed some things I want to discuss with Uncle Bao!"
"If anything happens, Ah Huan, just say it!" Bao Yugang said cheerfully.
Chu Huan asked straight to the point, "I wonder when Uncle Bao will launch the final takeover battle against Wharf?"
Chu Huan's words instantly made the atmosphere in Bao Yugang's office tense. The three of them, Weng and his son-in-law, did not expect that Chu Huan would come here just for this matter.
Seeing that Bao Yugang did not answer his question immediately, Chu Huan smiled and said, "Of course, if this is Uncle Bao's company secret, then there is no need to say it!"
The acquisition of Wharf can be said to be the most important strategic reform of the Pao Yugang family. Even though Chu Huan and Bao Yugang had cooperated many times before, and there were even many discussions on the Wharf acquisition war,
But Chu Huan’s current question still involves the core secret of the Bao Yugang family!
…
After Bao Yugang pondered for a moment, he suddenly smiled and said, "It's hard to say to others, but you have nothing to say to Huan. Now Global Shipping is actively dealing with its own oil tankers, and there is no specific time for acquiring Wharf."
It’s settled, but at least we have to make sure we have sufficient funds before we can start taking action!”
After receiving Bao Yugang's answer, Chu Huan nodded, and then asked, "I wonder how much capital Uncle Bao thinks is needed to successfully complete the acquisition of Wharf?"
Now that Chu Huan is starting to focus on the acquisition of Jardine, the previous plan to acquire Jardine will naturally have to make some changes.
First of all, what Chu Huan has to do is to make Yi He tired of dealing with it.
Nowadays, most of the Jardines
A portion of the cash has been put into expanding 7-11. If Bao's acquisition of Wharf breaks out again at this time, it will put Jardine into a situation where it is stuck.
What Chu Huan has to do is to enter the market to acquire Yihe when Yihe mobilizes their last funds to compete with the Bao family for the Wharf. Only in this way can Chu Huan be guaranteed to acquire Yihe within the commercial scope.
success rate.
As for what happened next, it has nothing to do with Yugang Bao!
Bao Yugang and the others were a little surprised by Chu Huan's question again, but at the same time they were a little happy. Before that, because of the continuous operations of Jiaku and Yunhai, Bao thought that the cash in Chu Huan's hand had appeared.
There were certain problems, so for a period of time, I even gave up the idea of seeking a loan from Chu Huan.
Although they had already received part of the loan from Alder Commercial Bank because of this incident!
But now that Chu Huan came in person and directly asked about the funding issue, they had already guessed some of the meaning behind it, needless to say.
"It's not yet certain. If we start taking action now, Land and Land will definitely fight back vigorously. No one can say how high Wharf's stock price will rise by then."
Bao Yugang replied.
Chu Huan thought for a while and said, "According to Jiaku's analysis, if a Wharf takeover war breaks out, then both parties will definitely put their all into it. It will be difficult for Yihe to accept losing control of Wharf, but no matter what
Both Jardine Matheson and Land are actually facing this important problem, which is the lack of a certain amount of cash flow. Moreover, before this, many banks in Xiangjiang have invested their funds in the retail industry in Xiangjiang.
This also led to the fact that if Jardine wanted to mobilize a large amount of funds in a short period of time, it could only seek help from overseas banks or foreign banks in Hong Kong.
But if this is the case, this process will definitely be longer than that of banks in Xiangjiang.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! So in the early stage, the other party is likely to acquire Wharf shares in exchange for Land or Jardine Matheson shares!"
After listening to Chu Huan's analysis, Bao Yugang nodded repeatedly and said, "We have discussed this matter before, and the conclusion we got is similar to the conclusion you Jiaku got!"
Chu Huan said, "If this is the case, we can almost guess the acquisition price of Wharf by Jardine Matheson. It should be around HK$100 per share. So if Bao wants to complete the acquisition of Wharf, at least
You have to prepare a price of more than HK$100 per share to complete the acquisition of Wharf!"
…
There are currently 10.7 billion shares in Wharf, and Mr. Bao currently holds 32% of the shares in Wharf. If Mr. Bao wants to gain control of Wharf, he will need at least 18% of the shares in Wharf.
In other words, according to the calculation of HK$100 given by Chu Huan, Bao will need at least HK$192.6 billion to gain control of Wharf.
"It is still a bit difficult to win Wharf at a price of HK$100 per share. If you want to be foolproof, you have to have a price of at least HK$105 per share!"
Bao Yugang preached in a deep voice.
Sure enough, it was Pao Yukang's trick. In another time and space, when Pao Yukang finally competed with Land for Wharf, he purchased Wharf shares at a price of HK$105 per share.
You must know that last year, the market value of Wharf was only HK$24.5 billion. Now if the price given by Pao Yugang is followed, the market value of Wharf will increase to HK$10.7 billion.
More than quadrupled!
As we all know, market value is market value, and asset value is asset value. If calculated based on the current asset value of Wharf, after Harbor City is completed, Wharf will indeed be worth this price!
But no matter what, the price at this time is definitely artificially high. After the Wharf acquisition war ends, the stock price will definitely fall.
"If it is HK$105 per share, then the funds required will be more than HK$2 billion!" Chu Huan analyzed.
Bao Yugang nodded.
Chu Huan continued to ask, "Uncle Bao, how much do you have in your hands now?"
cash?"
When Bao Yugang heard Chu Huan's question, his eyes suddenly lit up. He originally thought that because of the war in the retail industry, Chu Huan didn't have much cash in his hands. But when he heard what Chu Huan said, he understood that Chu Huan's
It's a timely help.
"Bao's current account still has 500 million Hong Kong dollars in cash. If Director Chu can provide help, we still need 1.5 billion Hong Kong dollars!"
Originally, according to Chu Huan's plan, the Wharf acquisition war had already taken on a different situation from another time and space. The Wharf shares held by the Bao family at this time had also exceeded the original shares.
Cash should not be the same as another time and space, or 500 million Hong Kong dollars!
But it is precisely because the situation in the Wharf takeover war has changed, and Chu Huan has always been unfavorable about the shipping industry, that Bao Yugang sold oil tankers faster in this time and space than in another time and space.
The exchange between the two parties ensured that Bao's account still had HK$500 million in cash at this time.
Chu Huan nodded and said, "I don't have that much cash in my hands now, so I can only prepare a cash loan of 1 billion Hong Kong dollars for Uncle Bao first, but you don't have to worry, my funds in Europe will arrive soon."
Then I can transfer the remaining 500 million Hong Kong dollars to you, Uncle Bao, so you can start preparing for the formal acquisition of Wharf now!"
Naturally, it is impossible for Chu Huan to only have 1 billion Hong Kong dollars in his hands. The reason why Chu Huan said this is to make the battle between Bao and Land more anxious. After all, Chu Huan also needs time to plan the acquisition of Land. Yi
and stocks.
Pao Yugang showed a surprised smile and said, "If this is the case, that would be really great. If the acquisition of Wharf can be successfully completed, TWC's plan to abandon the ship will be completed!"
…
This matter is related to the life and death of global shipping. In Bao Yugang's view, if the situation of the shipping industry analyzed by him and Chu Huan is true, then the shipping industry in the next ten years will usher in an unprecedented crisis.
Depression period.
As the shipping company with the largest number of tankers and the largest tonnage in the world, Global Shipping has been hit absolutely unprecedentedly.
Only by reducing the tonnage of global shipping and focusing Bao's business on the real estate industry in Hong Kong can such risks be avoided.
Chu Huan smiled and said, "Uncle Bao, if you have made up your mind and return to the company later, I will ask the company to transfer the funds to Hong Leong International's account!"
Bao Yugang stood up, stretched out his hands, and said seriously to Chu Huan, "Ah Huan, I really don't know how to thank you for what happened this time!"
Originally, when Bao Yugang acquired Wharf shares, he had already borrowed part of the funds from Alder Commercial Bank. Now Chu Huan has lent Bao another 1.5 billion Hong Kong dollars. If coupled with the previous sale of Wharf shares by Chu Huan,
Something for Mr. Bao.
It can be said that Bao's acquisition of Wharf was entirely due to Chu Huan.
Chu Huan smiled and said, "This is what we have discussed before. As long as Uncle Bao doesn't forget our previous agreement after completing the acquisition of Wharf."
The previous agreement between Chu Huan and Bao was that after Bao completed the control of Wharf, Bao would sell Modern Container Terminals Co., Ltd., which Wharf belongs to, to Chu Huan.
And because of this deal, Chu Huan will join forces with the International Container Terminal Company under Huangpu Dockyard to become the largest terminal company in Hong Kong!
Although Pao Yugang feels sorry for Modern Terminals Co., Ltd., it seems that this company can give up if it can win the Wharf.
"Ah Huan, don't worry. Without your help in this acquisition, it would be almost impossible for Global Shipping to take over Wharf, so we will definitely abide by the agreement between you and me!"
This chapter is not over yet, please click on the next page to continue reading! Chu Huan smiled and stretched out his hand, saying, "In this case, I wish Uncle Bao that you can successfully acquire Wharf!"
"Thank you!"
After coming out of the Prince's Building, Chu Huan returned to the Chinese Bank and called Xu Yi in.
"You asked Cui Weihua to transfer 1 billion Hong Kong dollars to Hong Leong International's account.
"
After Xu Yi heard this, he immediately smiled and asked, "So, Pao Yugang is already preparing to acquire Wharf?"
Chu Huan smiled and nodded and said, "Yes, in fact, what Pao Yugang has been lacking before is sufficient funds. Now that we are willing to make up for their lack of funds, they will naturally not delay the acquisition of Wharf."
Got it!"
Xu Yi said, "If the Bao family starts the acquisition of Wharf, can we start the acquisition of Jardine Matheson and Land?"
Chu Huan asked, "How many stocks does the company hold in the two companies now?"
Before this, Chu Huan had been planning the acquisition of Jardine and Land, so he was also absorbing the stocks of the two companies bit by bit.
Although the two companies, Jardine Matheson and Land, have always given the impression to the outside world that they exist as two entities.
…
But in fact, the mutual holding relationship between Jardine Matheson and Land is not as strong as it seems to the outside world.
According to public announcements, the Keswick family, recognized as the leaders of Jardine Matheson, only holds 10% of Jardine Matheson shares, while Jardine Matheson holds only 20% of Land shares.
This data is definitely a very good data for those who want to acquire Jardine Matheson and Land.
This is also the reason why Chu Huan chose to acquire Jardine and Land at this time, because in another time and space, when the Wharf acquisition war broke out, Jardine made corresponding policies.
At that time, Niubrigian's protective measures had already begun at the end of 1979. In December of that year, Jardine Matheson injected its holdings of the Causeway Bay Excelsior Hotel and the Wharf stocks held by Jardine Securities into Land and Land in exchange for Land Land shares, increasing its holdings.
Stock volume.
In September 1980, Jardine Matheson exchanged its 50% interest in the Causeway Bay World Trade Center and a batch of Wheelock A shares for approximately 64 million new shares issued by Land.
After the transaction was completed, Jardine Matheson's stake in Land increased to 278%.
At this point, it is generally believed that it is no longer easy for outside financial groups to covet land.
But now everything has changed. First of all, because Chu Huan had previously asked Yunhai Group to start a money-burning war in the retail industry in Xiangjiang, and Yihe chose to introduce 7-11 to Xiangjiang at this time, which also led to,
Yihe simply didn't have the spare time to deal with the Wharf matter.
Moreover, now that Jiaku has completed the acquisition of Hehe International-Wheelock, this has resulted in Jardine Matheson having no shares in Wheelock in exchange for Land shares.
So as of now, Jardine Matheson’s stake in Land is still 20%!
Xu Yi said, "Now we hold 713% of Jardine Matheson's shares and 322% of Land's shares."
The reason why Jiaku holds so many shares in Jardine Matheson is mainly because of the original transaction with HSBC, in which he directly obtained 5% of Jardine Matheson shares.
It is precisely because of this 5% share that Jiaku became a director of Jardine, and the director of Jardine was Wen Mingzhang, the president of Chinese Real Estate. However, Wen Mingzhang was basically a transparent person on the board of directors of Jardine.
Never express your own opinions.
"What is the current market value of these two companies?" Chu Huan asked.
Xu Yi replied, "Yihe's market value is HK$37.6 billion, and Land's market value is HK$79.5 billion!"
Chu Huan tapped the table gently and said, "Although the previous money-burning war and the upcoming Wharf acquisition war will divert a lot of their energy and money, the Keswick family's ability must not be underestimated.
, if it comes to the last critical moment, the other party will definitely make crazy acquisitions, which means that when we acquire Land and Jardine, the current market value will definitely rise like Wharf!"
Xu Yi nodded and said, "Not only that, if the Keswick family finds that they have to abandon one party, the other party will definitely give up Wharf. At that time, they can completely transfer their Wharf stocks through some channels.
Sell it to the Bao family, and then they will have a large amount of cash in their hands to mediate with us!"
After a pause, Xu Yi continued, "But I
Their support for Bao Yugang is also necessary, because this will give us more advantages in the early stage. After all, how to choose will definitely consume a lot of their time!"
…
Chu Huandao said, "In other words, if we want to achieve 50% control of these two companies, we need to prepare at least 100 million Hong Kong dollars!"
Chu Huan estimated this at a price that is five times the current market value of the two companies.
Thinking of this, Chu Huan suddenly thought of his previous estimate of the Wharf takeover battle.
If Jiaku makes public its acquisition of Jardine Matheson and Land, the stock prices of these two companies will definitely rise wildly, just like the current market value of Wharf.
But as long as these two acquisitions are completed, the market value of these two companies will definitely decline.
On paper, Jiaku will definitely lose money on this acquisition.
But whether it is Pao Yugang's acquisition of Wharf, or Chu Huan's acquisition of Jardine Matheson and Land, one thing is very clear, that is, market value cannot truly represent the asset value of these two companies.
Judging from Chu Huan's estimate, five times the market value does not represent the asset value of Jardine and Land in a few years.
Let’s not talk about the Heung Kong Properties held by Land itself. Let’s just calculate the value of assets such as Wellcome, 7-11, Mandarin Oriental Hotel, which are under the control of Jardine Matheson, as well as Hong Kong Electric, the telephone company, etc., which are under the control of Land.
If so, it will exceed this price in the future.
Wellcome and 7-11 are in the hands of Chu Huan. Although Chu Huan has not thought about selling these two companies to Yunhai at this time, what is certain is that as long as these two companies are obtained, Chu Huan will truly
It has a perfect monopoly on all retail industries in Xiangjiang.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Mandarin Oriental is as famous as the Peninsula as the top luxury hotel in Xiangjiang. With this hotel, Chu Huan has his own flagship store in the hotel industry.
And Hong Kong Electric, let alone that.
Let’s not talk about Hong Kong Electric’s monopoly position in the power industry in Hong Kong and the Kadoorie family’s Hua Electric Power Co., Ltd.’s monopoly on the power industry in Hong Kong.
Let’s talk about the land owned by Hong Kong Electric, the former site of the Electric Road Power Station in North Point, and the area in Jardine’s Lookout@
So this time Chu Huan must go to London to solve this problem in person.
Xu Yi also understood this, but there was one thing he couldn't understand, and that was why Chu Huan said he couldn't be contacted.
"Boss, do you mean that someone will manipulate this?"
Chu Huan nodded and said, "Be prepared for the worst in everything. Yihe and Land are the treasure troves of the Keswick family. They will not give up easily, so we cannot rule out any methods they may use."
Xu Yi understood what Chu Huan meant and said, "I understand!"
Chu Huan leaned on the sofa and said, "Now we just need to wait for Bao to launch the acquisition of Wharf!"
Xu Yi nodded, and then reminded, "Boss, since you are going to London, why not take a look at the acquisition of Standard Chartered Bank? Although this matter has been delayed, we have not given up. In addition, we also need a bank in England.
Local securities companies in case of emergencies!"
Chu Huan nodded slightly and said, "I know!"
Xu Yi asked, "Boss, who are you going to bring this time?"
Xu Yi can't follow Chu Huan to London, but Chu Huan must still have some entourage around him.
Originally, it was most appropriate for Xu Yi not to go to Wu Shuhan but to follow Chu Huan to London. Unfortunately, Wu Shuhan is still in his hometown. Chu Huan thought about it and said, "Let Feng Jing lead a team of people to follow me!"
Feng Jing has now taken over some of the work that Wu Shuhan did when she was in Hong Kong.
Xu Yi nodded and said, "I will let them prepare in advance!"
After the matter was discussed, Xu Yi left Chu Huan's office, and Chu Huan called Ma Jizu and asked him to make arrangements and preparations in London!
Chu Huan then returned to No. 12 Mount Galley Road and told Cao Yunshang that he was going to London in a while.
"When is the most appropriate time to go there?" Cao Yunshang asked Chu Huan.
Chu Huan said, "You can just go there after Pao Yukang and Land have started the battle for Wharf!"
Cao Yunshang nodded and said, "If this is the case, I suggest establishing a transit point in Italy. If there is a problem with our communication with London, Italy will be the best transit point!"
Chu Huan said, "Not only in Italy, but also in Haojiang. Only in this way can we be foolproof."
Cao Yunshang expressed concern, "More importantly, we need to bring more people there. Although our connections in London are enough, we are always afraid of exceptions. If the Keswick family jumps over the wall in a hurry, we still have enough manpower."
Chu Huan agreed with Cao Yunshang's reminder.
"I know that by then, with the manpower here in Xiangjiang and Ma Jizu in London, there should be no problem in terms of safety!"
Cao Yunshang nodded and warned again, "Be careful in everything!"