On Monday, the Xiangjiang Registry completed the registration of shareholder changes, and the Xiangjiang Exchange also announced that Taoda officially changed its controlling shareholder.
As soon as the announcement came out, Taoda's stock price skyrocketed. As a food company, Taoda may not have been very good before, but becoming a Xinjian-controlled company will be completely different.
With the support of a huge retail group, Taoda will definitely develop rapidly in the future, and it is not impossible to become a leading condiment company.
The first thing Li Jianhui did after the acquisition was to raise funds for Taoda Company with an amount of HK$100 million. Except for Xin Jianhui's own proportional investment, all other additional shares were circulated to the market.
At the same time, a press conference was held to announce that Taoda will build a new factory in Tin Shui Wai and integrate its original products such as oil consumption, soy sauce, Green Treasure Orange Juice, Pepsi-Cola, etc., and establish a condiment division and a beverage division under the company.
In addition, the company will also add a food division, mainly focusing on dim sum, dumplings, glutinous rice balls, wontons and other frozen foods.
In addition, the company will spin off its paper products factory, allowing the company to focus on the food and beverage industry.
As for the company's senior management, Li Jianhui, in addition to serving as chairman of the company's board of directors and general manager, also changed to a financial manager, and there were no other changes.
He is not yet very clear about the capabilities of these people, and the newly acquired companies still need to be stabilized and it is inconvenient to make adjustments.
Speaking of which, Taoda was indeed prosperous in the past. Not only did it own many businesses, it also obtained agency rights for multiple brands in the beverage industry.
Unfortunately, there are still some gaps in operations. There are many brands but not strong ones, which distracts the energy of the top management. In addition, Yao Zhilin's thoughts have not been on Xiangjiang in recent years, resulting in the company's performance getting worse and worse.
Li Jianhui intends to establish Taohua Datong as a group company. Now the major business divisions are actually subsidiary structures, so that the senior management can focus more on the management of this area.
Li Jianhui spun off Taoda's industry chain, such as paper products, and turned it into an independent company.
In the future, this company will not only have Taoda business, Huihong Group and Jingyi Electric Co., Ltd. will also become its strategic partners, and the packaging box business will cooperate with Taoda Paper Products Company.
Li Jianhui was integrating Taoda, and Chen Zengxi was quite unhappy when he received the news, and even had some regrets.
If he had known that Li Jianhui would step in, he would not have lowered the price so much before, and this would not happen now.
Now Taoda is in the hands of Li Jianhui, covering an area of nearly 10 hectares, which is nearly five times the land held by Hang Lung.
It is now announced to build a new factory in Tin Shui Wai. The purpose is quite obvious. Commercial real estate will be developed here, and it is likely to be residential. If Hang Lung develops it there at the same time using its usual methods, the price will be at least ten percent lower than Hang Lung's expected price.
percentage points.
What makes him most uncomfortable is that Henglong's land there is divided into three pieces, which are not connected, making it very difficult to plan.
As for finding Li Jianhui to cooperate with Hang Lung for development, Chen Zengxi has never thought about it at all.
Li Jianhui's layout has always been in the two large areas of Tseung Kwan O and Tin Shui Wai, followed by Tai Po, Sheung Shui, Fanling and other places. Except for the reserves that Hutchison and Wheelock Land originally had in Kowloon, Hong Kong Island, they have not invested in these areas for more than a year.
Get a piece of land in the area.
The purpose of the sudden acquisition of Taoda is very obvious, that is, it is directed at Hang Lung, and it is to prevent Hang Lung from easily developing that land.
For a guy like Li Jianhui who doesn't want to make a lot of money and doesn't want others to make a lot of money, Chen Zengxi is quite helpless. Especially Li Jianhui's move this time shows that Xin Jianyi has set his sights on Hang Lung.
Even though the Xin Jian Clique and the Nanyang Consortium are still competing in multiple markets, Li Jianhui does not seem to be shrinking his strength in Hong Kong because of this.
He didn't know where the Xinjian Clan got the courage to do this, and the forces that invested in the Xinjian Clan, weren't they afraid that the Xinjian Clan's rapid expansion would suddenly collapse, leaving nothing behind?
Think of Hang Lung, which has developed for countless years and accumulated decades of credibility. This time, Hang Lung Holdings only received US$200 million in financing from Mitsui Properties to enable Hang Lung Holdings to continue to expand. Xinjian Group never seemed to worry about funds.
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Unlike Li Jianhui, Chen Zengxi had to hold a press conference to raise funds and make it known to the world.
As a company wholly owned by him, his Hang Lung Holdings does not need to make any announcement for financing. This time Mitsui Property raised US$200 million for 20% of the shares.
At present, the holding companies of Hang Lung Holdings Group include Hang Lung Properties and Hang Lung Bank (Hang Lung Group established itself, as mentioned earlier, and obtained the banking license together with Sun Hung Kai Securities, which took several months before Xinjian Group obtained the license. In the previous life, Hang Lung Bank
Because we need it, just pretend it doesn’t exist.), ATV Group, Hong Kong Ito-Yokado, etc.
Excluding the Chen family's residences, vehicles, antiques and other assets, based on Mitsui Property's financing, the Chen family's assets have reached more than HK$4.1 billion. Although it may be a bit high, since Mitsui Property recognizes it, it means that the value of Hang Lung Holdings
This price.
In addition, this does not rule out that the Chen family also controls the shares of some other companies through funds. After all, none of the families in Xiangjiang puts all their assets on the table.
If it weren't for Li Jianhui and Xin Jian's relationship, the current man of the hour in Hong Kong would definitely be Chen Zengxi.
It is a pity that with the rise of Li Jianhui, the glory of the Xiangjiang business community has been overshadowed by the Xin Jian Department. Whether it is the once famous charter king or the fast-growing Heng Lung, they have all been overshadowed by the Xin Jian Department.
When mentioning the business community in Xiangjiang, the first thing that comes to everyone's mind is the Xin Jian Group, Xin Jian Group, Huihong Group, and Wheelock Land. Among the top ten market capitalization groups in Xiangjiang, Xin Jian Group accounts for three of them.
The other seven companies are HSBC, Standard Chartered, CLP Power, Swire Pacific, Jardine Matheson Holdings, Lufeng International Investment Company (Charter King), and Jardine Land.
Although Hang Lung Holdings is good, even if this financing is reported, it will not be among the top ten in Hong Kong.
Even if the relatively special Standard Chartered is eliminated, there are still two major groups including Whampoa Holdings and Wheelock Holdings. Hang Lung still needs to accelerate its expansion if it wants to hit the top ten in Hong Kong by market capitalization.
Chen Zengxi is very aware of his own strength. He doesn't think he can fight against the Xin Jian faction alone. Now that he is being targeted by Li Jianhui, what he thinks most about is finding allies.
Heng Lung is at the front, and those behind the scenes will naturally have to contribute. After all, it is not the Heng Lung family's business to contain the Xin Jian Department.
As he made calls one by one, the responses he received were generally good, which made Chen Zengxi feel relieved a lot.
At present, the Xinjian Department's main focus on Hang Lung is ATV and retail. Hang Lung Real Estate has absolute control and Hang Lung Bank is not listed. Chen Zengxi is not worried at all.
As long as he has the support of these forces, he will not be afraid of Li Jianhui's methods. Even if the Xin Jian Department has strong capital, it will not affect the fundamentals of Hang Lung Group.
As for the land on Taotai, Chen Zengxi has no plans to develop it for the time being. He wants to see how long the Xinjian system can take.
Nowadays, the Xinjian Department is surrounded by enemies from all sides, and he does not believe that those forces that invest in the Xinjian Department will always be optimistic about the Xinjian Department.
Once these forces' confidence in Xinjian System is shaken, given that Xinjian System has made such a large-scale investment and many of its projects are industries with slow recovery costs, Xinjian System's collapse will not be far away.