I want to be a giant of Hong Kong Island

Chapter 688 [Wheelock Acquisition Battle [-]! 】

1985年1月8日，恒生指数以1588点收市，当日成交额创下8亿港币的记录；

In Wu Guangyao's view, a new wave of market conditions in Hong Kong has already begun;
The era of stockholder fever and stock market madness will come again.

In the next few days, the stock market showed some weakness, and it has not exceeded 1600 points;
However, there is an unusual phenomenon in the market:
For a long time, Wheelock's stock has been active in the market, and I have been in a state of steadfastness, which belongs to that kind of "hibernation stock";
However, in late January, Wheelock’s stock price suddenly jumped from HK$4.1 to HK$5, like a long snake waking up.

Such an abnormal market situation has caused market participants to speculate;
The most popular saying in the market is that the Wu family wants to acquire Wheelock Group.

The reason is simple: 'National hero' Wu Guangyao has always liked to acquire British-funded companies, and the large British-funded companies he saved accounted for half of Hong Kong Island; such as Wharf, Hong Kong Land, Hutchison Whampoa, Qingzhou Cement, Hong Kong Tramways , Hong Kong Electric, and China Gas.
Now that Wheelock is about to make a move, the first thing everyone thinks of is that Wu Guangyao is 'making trouble'.

At the same time, some media dug up old accounts: In 1982, some media in Hong Kong published a piece of lace news——Wu Guangyao had presented a Zhongtang birthday scroll to the founder of Wheelock (deceased) 20 years ago. , accidentally wandered on the market, and sold it in an antique shop; after learning about it, Xiao Ma Deng went to buy back this treasure, only to find that it had been preempted by others.

The media believed that the Madden family did not take the treasure presented by Wu Guangyao seriously and hurt the face of the world's richest man. Then Wu Guangyao need not be polite, since the fate is over anyway.

As the protagonist of public opinion, Wu Guangyao suddenly felt helpless, those stockholders really had a lot to think about;

Wu Guangyao has never coveted Wheelock for two reasons:
First, although Wheelock's assets are rich, they are not must-buy items, nor are they irreplaceable assets; simply put, I don't like them!
Second, Wu Guangyao and the old Ma Deng did not know each other, and the relationship with the little Ma Deng was also good, which can be regarded as a friend relationship; there is an old Chinese saying - a friend's wife should not be bullied; a friend's wealth should not be greedy.

So, how could it be possible for Wu Guangyao to take the initiative to acquire Wheelock Group? Even when Little Madden intended to release the listing, Wu Guangyao was not tempted at all.

As for the lace news from the media, although Wu Guangyao was a little angry that the Madden family had 'lost' their treasure, he would not cause trouble because of this incident.

Regarding the rumors in the market, Wu Guangyao was unable to explain, nor did he want to explain;
If you are willing to make up your mind, let's do it!

However, Wu Guangyao was already aware of the abnormal stock behavior of Wheelock Group;
Unsurprisingly, it should be the dragon crossing the river——Qiu Debo is making waves.

Depending on the situation, the chairman of Wheelock, Mr. Madden, has sold his shares to Qiu Debo;
At the same time, Qiu Debo quietly purchased Wheelock shares in the market, which caused the height of Wheelock shares.

The Mardens, like the Keswicks, have been terrified of the '[-] return';
Then it is logical for the Madden family to fade out of Hong Kong.

Coincidentally, due to family strife, Zhang Yuliang, the major shareholder of Wheelock Group, also intends to fade out of Hong Kong;

This made Xiao Ma Deng a step ahead and quietly sold his shares to others.

Who is Qiu Debo, who dares to come to Hong Kong to buy a large British foreign company?
At this time in Hong Kong, Qiu Debo is definitely an unknown person, more than [-]% of Hong Kong citizens have never heard of Qiu Debo's name;

But Qiu Debo can be called a "dragon crossing the river", obviously he is not an idle person;

Qiu Debo was originally from Fujian. He worked as a clerk in an overseas Chinese foreign company in Malay in his early years. He founded Maybank with his friends in 1960;

In 1965, Chiu Tak moved to Singapore for development and acquired Maybank's Singapore assets - five listed companies mainly in the hotel industry; in Singapore, the wealth of the Chiu family is second only to the Huang Tingfang family, and both of them are famous A prominent Nanyang rich man.

In the early 80s, the Huang Tingfang family entered Hong Kong, and the flagship Sino Group in Hong Kong was also among the top [-] real estate listed companies in Hong Kong;

Qiu Debo, who is also a rich man in Nanyang, is naturally itchy and eager to find a foothold for his abundant funds in Hong Kong.

Qiu Debo, who is 70 years old this year, will never be a reckless person, so he is fully prepared;
First, negotiated with the Madden family through an intermediary to purchase 14% of Wheelock shares owned by the Madden family.

Thursday, January 1, afternoon.

Wheelock announced the suspension of trading, and immediately released the conclusive news of the acquisition: the acquirer is FAL Company, a Hong Kong company just registered by Qiu Debo, and Luo Fuqi & Sons (Hong Kong) Company is its financial advisor; Luo Fuqi proposed conditional on behalf of FAL Company In the comprehensive acquisition agreement, FAL Company purchased Wheelock’s A shares at HK$6 per share in cash and HK$0.6 per share in cash at Wheelock’s B shares, involving a total of HK$19 billion in capital.

建议书还说明：FAL公司已经从马登家族购入6.7%会德丰A股（约2.1亿股，A股总股本为31亿股），以及购入22.7%会德丰B股（约0.55亿股，B股总股本2.4亿股）。

AB share model: The stock is divided into two series, A and B, in which the series A ordinary shares issued by external investors have 1 voting right, while the B series ordinary shares held by the management have N votes per share (usually 10 votes) voting rights.

To put it simply, it means different rights for the same share, which is a means for the management of some listed companies to use a small number of shares to control the entire company;
Wheelock's ab shares are another model, both have the same voting rights, but the value of b shares is only 1/10 of that of a shares;

Wheelock Hong Kong Island is the first listed company in the history of Hong Kong Island to implement AB shares, and it is also the only listed company to implement AB shares.

At the beginning, Wheelock took the lead in implementing the AB share model, in order to fear that other Chinese-funded companies would follow Wu Guangyao's example and launch an acquisition of Wheelock;
Because he was the first person to eat crabs, he caught the regulatory authorities by surprise;
Subsequently, the Securities Regulatory Office rejected all subsequent AB share issuances applied by the company, while Wheelock was done, and its influence was not low, so the matter was left alone.

Li Chaoren was one of the people who wanted to learn the AB stock model. I don’t know what he was worried about.
In Wu Guangyao's view, Wheelock's AB share model is not unbreakable;

If you buy it yourself, even if you don’t need to spend a lot of money, you can break this model;

First of all, Wu Guangyao will secretly purchase certain A shares, and then convene a board meeting to veto the equal voting rights of B shares;
Because at this time, the total voting rights of Wheelock's Madden family and Zhang family are less than 50%;

Then the remaining 50% of the voting rights must be unwilling to see the status quo of different rights for the same share, and the board of directors can easily change the priority of B shares.

In this way, the defense lines of the two companies can be completely disintegrated!

Of course, Wu Guangyao would not make such a malicious takeover, he just put himself in his shoes and thought about it!

Wheelock Building

Zhang Yuliang was furious, scolding Xiao Madeng for not talking about "wude", and quietly sold the shares to Qiu Debo;
It turns out that a major equity change requires the approval of major shareholders, not to mention letting all directors know;

Madden traded with the Qiu family in private, so he didn't treat his long-term partners as human beings.

"No! Qiu De dialing in as the owner of Wheelock will probably damage the interests of all shareholders! I must stop him!"

"If I launch an anti-acquisition, I will inevitably invest a lot of money; now I have intentionally faded out of Hong Kong and moved to Australia, so anti-acquisition is unrealistic."

"However, if he initiates non-anti-acquisition, Qiu Debo will surely succeed!"

"It seems that the only way is to find foreign aid! Well, anyway, I also intend to fade out of Hong Kong, so I might as well sell Defeng shares at a high price while the market is going!"

Zhang Yuliang quickly made up his mind, the stockholders were waiting for Zhang to fight, but he didn't agree with him;

Wouldn't it be better to sell your own shares to someone who is capable of wrestling with Qiu Debo, and sit back and watch the tigers fight by yourself!

(End of this chapter)