Hong Kong's new giants

Chapter 236 Chapter 273~274 [Step on my position? 】

The next day (4.28), Thursday.

A "good faith privatization" and a "hostile takeover" of the New Times Group have caused great waves in Xiangjiang.

However, the biggest news is still: Jardine Strategies and Mandarin Oriental Hotel, which they control, issued a joint statement that Mandarin will issue 4.15% of new shares to Jardine Strategies at a price of 10 yuan per share, making Mandarin Oriental held by Jardine Strategies The stake has increased from just under 35% to 41%.

Market participants quickly believed that: Yiplan's subscription of Wenhua's new shares must exceed the trigger point of 35% comprehensive acquisition, and Yice proposed a comprehensive acquisition proposal in accordance with the law.However, since the purchase price of RMB 4.15 is lower than the actual net asset value of Mandarin Chinese at HK$6 per share, the existing shareholders of Mandarin Chinese have received a lukewarm response.

Lin Zuhui, the major shareholder of New Era Group, had just used this trick, and the Jardine strategy followed closely.However, Lin Zuhui still paid a premium of 10% at any rate, and Jardine's strategy was completely implemented according to yesterday's closing price.

However, this move of Jardine Strategies can be called a killer tool, which disrupted the deployment of the five major Chinese real estate developers (Sinhe Real Estate).If the Chinese-funded consortium is chasing after it, Jardine's strategy and the land it controls will immediately follow suit, and Estrade will also be able to firmly control the land without spending huge sums of money.

The Chinese-funded consortium held an emergency meeting, and a new member was added to the consortium: Rong Jianzhi of Huaxin Group.

This remark does not mean that it has nothing to do with Lin Zuhui. After all, even if the Chinese consortium invites him, he may not be willing to join halfway.What's more, he knew that this matter would not work, so why bother to offend Zhidi, he still wanted to grab Zhidi's wool!
Huamei Real Estate (listed in 1972).

After seeing the announcement issued by the New Times Group, Da Liu's face suddenly changed, because Baohua Construction was also his goal, and Huamei Real Estate already held 8% of Baohua Construction's shares.

Before he had time to announce the acquisition of Paul Y. Construction, he was preempted by New Era Group.

Suddenly, there were many question marks in Da Liu's mind?
Why, I always meet Lin Zuhui, but I can't play with him!

To join the acquisition, or to sell the shares to him?

Joining the acquisition, his shares are 8% behind others, and his strength is certainly not inferior to the behemoth New Times Group.

The point is that Liu, who is also a sniper, knows very well that Lin Zuhui is more than one step better than him. At least he did not escape the stock market crash and suffered a lot of losses.

"Forget it, let's sell favors!"

Lin Zuhui met the visiting Da Liu in his office, and he knew what Da Liu was doing.

I feel a little bit sorry to say that, if Lin Zuhui's appearance made that business tycoon in Xiangjiang the worst, it would undoubtedly be Liu.

Huamei Real Estate and Huaren Real Estate cannot be silent on the same day, not to mention that Lin Zuhui also robbed the two buildings of the Grand Hotel and Landmark, and now he has robbed his Baohua Building; therefore, Liu's strength in this life is only [-]% to [-]% of his previous life .

What was robbed was more than career and wealth!
"Brother, please take a big car and come here, my place is full of splendor!" Lin Zuhui shook Liu's hand and enthusiastically led him to a seat.

Smiling tiger, what's wrong with learning at a young age, Da Liu thought to himself.

He dared to say that if he dared to jump out and buy Baohua Construction this time, he would be stared at by this guy in the future!
Dasheng Real Estate is a lesson from the past. A good real estate was dragged to be sold after the stock market crash. The sale was extended for more than half a year, and it also lost 15%.

"Brother, I found that the two of us always want to go together, I don't know why?" Da Liu said enthusiastically after sitting down.

The two have played at a party many times, and also played a few football matches, so they are familiar with each other.

Lin Zuhui pretended not to understand and said, "Oh? I would like to hear more about it!"

Da Liu opened his heart like complaining in an instant: "When I attacked the Bank of East Asia, you Chinese real estate also took the opportunity to cash out, right?"

Lin Zuhui nodded and said, "That's right! After the battle with the Feng family, I learned that the Feng family was selling shares in the Bank of East Asia, so I took the opportunity to buy them in for long-term investment. High sold."

Speaking of the miserable situation of the Feng family, it changed from an old family to a second- and third-rate small family; it was not because of Lin Zuhui, but because the Feng family itself fell into a serious financial crisis, and it was the same situation in the previous life .

Da Liu said with a smile: "I knew it at the beginning!" Then he said regretfully: "There is also a big hotel!"

Lin Zuhui pretended to be curious and asked, "Do you have an idea at the Grand Hotel?"

Da Liu said: "The idea is from childhood, but what I really regret is that I and Yu Jinji (a textile businessman, a great friend in business football, and a celebrity in Xiangjiang football circle) are buddies, you know that; and Yu Jinji is Liang Zhonghao My good friend, he also knew that Liang Zhonghao intends to sell the property, and he intends to get me to buy the big hotel. In the end, I was preempted by you again!"

It seems that the true feelings are revealed, these words are not friends, and I am too embarrassed to say them out, the relationship between the two is regarded as friends, but they are not friends.

Lin Zuhui smiled and said: "There is nothing to regret about this, you can't beat the Kadoorie family!"

Liu Luanxiong's face froze, and he smiled wryly: "Well, I'll just take a snipe at most, unlike you and Kadoorie who are in charge of the hotel now!"

Lin Zuhui said proudly: "It's better to say that the Kadoorie family is working for me instead of co-managing the hotel!"

It seems that he did not say anything wrong. After all, he is the major shareholder. The Kadoorie family is still cautiously increasing their holdings, for fear of offending Lin Zuhui.

Liu Luanxiong finally said: "Okay! And this time, I have been watching Baohua Construction for a long time, and I didn't expect that we would coincide again!"

Lin Zuhui said with a smile: "It seems that you came this time to help me acquire Baohua Construction!"

Seeing Lin Zuhui being so straightforward, Liu Luanxiong could only say: "Take it, who told you that you are the second leader in our circle!"

The Big D Club has already taken shape, Zheng Yutong, Lin Zuhui, Liu Luanxiong, Yang Shoucheng, Zheng Jiachun have gathered several times in private.

"Refreshing, [-]% premium, as much as you have!"

"Only 8%, a premium of [-]% is not enough, at least one more treat!"

"No problem, let's play together this weekend!"

After taking Liu Luanxiong's 8% of Baohua Construction's shares, plus the odd shares that came to register for sale on Thursday and Friday, New Times Group already owns 32% of Baohua Construction's shares.

Lin Zuhui and others have already made up their minds. Next week, they will prepare to hold the Baohua Construction Shareholders' Meeting and elect New Era Group to take over Baohua Construction and other matters.

The market value of Baohua Construction is only less than 15 million. The reason why Lin Zuhui did not privatize directly is because he did not want to rush and planned to wait for the August [-]th stock market crash before proceeding with privatization.After all, things have to be done step by step. Originally, this acquisition was a hostile takeover. With Baohua Construction’s current major shareholder only holding [-]% of the shares, it is only natural to be in the board of directors.

Friday evening.

In the conference room of the New Era Group, the results of this week are being summarized.

Liang Botaohui reported: "This week, the Lin family bought 3% of the shares of New Times Group. At present, Lin Shengyou's shareholding has increased to 47.5%. However, the shares of New Times Group have risen to 11.3 yuan. Next week On the closing date of the comprehensive acquisition, it is estimated that the share price increase will not increase much!"

Lin Zuhui nodded, and then laughed at himself: "It's okay, I'm already very satisfied! In the future, I'd better not reduce my holdings. After working hard, I only earned 3 points."

Everyone laughed, and Liang Zhenxun said: "During this round of stock market crash, New Era Group's credibility is almost the same as that of blue chip stocks such as HSBC, Hang Seng, and Wharf, so many investors did not choose to sell, resulting in the largest drop of the entire stock market crash. Only 30%. "

This is a flattering statement. New Times Group has a very good reputation and has resisted falling in the stock market crash.The situation at that time was that the New Era Group had 27 billion in cash lying in its accounts, while its debts were only more than 23 billion (some of which were repaid).Coupled with Lin Zuhui's personal influence, New Era Group performed brilliantly this time, and was selected as the second of the 50 blue-chip stocks together with China Land.

Liang Botaohui reported: "Chinese Land currently holds 82% of the shares of Lagoon Land, and I believe that the privatization will be completed next week!"

The premium is 35%, which is only more than [-]% lower than before the stock market crash. Those who sold this stock basically went to the registration office with a grateful heart.

"Just follow the procedure for the rest!" Lin Zuhui said.

If you hold more than 90% of the shares, you can announce the success of privatization and prepare for delisting.

Liang Botao said: "The acquisition of Baohua Construction has also gone smoothly, and the current shareholding has reached 32%. If there is no accident, he will be able to join the board of directors next week."

What is an accident, an accident is a third party joining!

The current major shareholder does not have the strength to oppose the takeover at all, and in the eyes of Baohua Construction shareholders, it does not have much prestige, so it is not considered.

Saturday.

Lin Zuhui organized the game, and the participants were: Zheng Yutong, Zheng Jiachun, Liu Luanxiong, Yang Shoucheng, Poon Dickson, Ye Zhiming, Fang Jin, and everyone played at the Shek O Country Club for a day.

In the evening, everyone ate in the box of the club. The chefs here are also famous chefs, not inferior to the chefs of the Jockey Club.

While chatting.

He Jun walked into the box with the phone in his hand, and whispered to Lin Zuhui, "Boss, Liang Sheng's phone number?"

Lin Zuhui nodded, took the phone, and came to the sofa in the box.

"Hey, what do you think we should do? Okay, let's buy in the black market!"

After hanging up the phone, he handed it to He Jun, and then he returned to the dinner table.

Zheng Yutong saw that Lin Zuhui's face was a little warm and angry, and persuaded with the mentality of an elder: "Don't be angry, don't get angry, keep a good attitude, and your work efficiency will be doubled."

Lin Zuhui smiled and said, "Uncle Tong is right!"

Often playing with Zheng Yutong, Lin Zuhui found that he really looks like a "Maitreya Buddha" all the time. Obviously, Lin Zuhui can't do this in terms of self-cultivation.

Seeing everyone's eyes cast over, Lin Zuhui smiled generously and said, "Hysan Land announced that the major shareholder of United Paul Y. Construction will participate in the anti-acquisition at a price that is two-thirds higher than ours!"

Everyone was surprised!

Lin Zuhui has always been the only one who attacks others, but now some people dare to break ground when they are too old!

Liu Luanxiong said: "Hysan Land has always been conservative, how could it be involved in this kind of thing?"

Lin Zuhui sneered and said, "Hysan not only uses the banner of justice to "shave the head" for the stock market, but also proposes to change the name of the conservative image. Haha, it can be said that it is famous for its success!"

Everyone paused, Hysan Land was planning to step on Lin Zuhui's head to change the impression others had of them—conservative, it really is a good strategy!
Moreover, everyone also felt that Hysan Land had done it. Now that it proposed an anti-acquisition with two-thirds higher than that of New Era, it immediately won the support of shareholders and public opinion. After all, Lin Zuhui this time is a hostile acquisition of Paul Y.

So what should Lin Zuhui do?In other words, if I were in Lin Zuhui's position, how would I break the situation?
Raise the price again?
The price is a bit high. Hysan joined the anti-acquisition, which forced New Era Group to increase its shareholding to more than 45% to be safe.To do this, they had to pay a high price to acquire the remaining ten percent of the shares. After all, Hysan Land raised the price by two-thirds.

In this way, even if they lost, Hysan Land won the applause!

So, no matter what, Lin Zuhui seems to be losing face this time!

Here are some of your thoughts!
Lin Zuhui soon became relaxed, and said with a smile: "Come on, let's talk less about work at the party, and continue to have fun!"

Zheng Yutong also said: "Yes, the party should talk less about work and have fun!"

On Sunday morning, Lin Zuhui brought Liang Zhenxun, Chen Bin, and Gao Yi to Enping Road.

Lin Zuhui pointed to the old buildings on half a street, and said domineeringly: "Buy this piece of old buildings for me, act fast, and just pay the price!"

The old buildings he pointed to did not occupy a large area, and the combined buildings were only 2 to 3 square feet.

However, the intersection of roads at this place is called 'Hysan Avenue', where Hysan Land is the home of.In this area, Lee Garden Phase [-] and Lee Garden Phase [-] are a few hundred meters away from Hysan Place.

The place Lin Zuhui is pointing at may be the future land of 'Grandland Centre', the headquarters of Hysan Land.

The three of them immediately knew Lin Zuhui's intentions, and they were 'tit for tat'.

Chen Bin said with a little worry: "If this property is the owner, what will the Li family do?"

The implication is that if this is the case, it is a "nail building". What if Hysan Land uses the same trick in the future?
After all, the New Era Group is also in the same situation as the building.

Lin Zuhui said with a smile: "Currently Hysan Land has not announced plans to merge buildings and rebuild here. We are the first to come. We can't let the entire Causeway Bay be allocated to Hysan Land."

First come, first served, a normal truth!
Liang Zhenxun said: "Yes, the boss must have predicted Hysan Real Estate's intentions and join them first! If the owner of the property here does not have the Lee family, then we will be prosperous. After the building is successfully merged, we can build a A high-end commercial building of more than 60 square feet. If it is the property of the Li family, then we are the first to start the reconstruction plan and take the initiative."

Lin Zuhui nodded and said: "I am definitely not doing it for revenge, but just for the company's development needs. But we must act quickly and don't give others a chance to respond! We can let Huaren Real Estate complete this project, and the cash flow in its account is sufficient !"

A high-end commercial building of 60 square feet is only two or three streets away from the Royal Mansion, and its value can be said to be higher than that of the Royal Fort.

After returning to the office, Chen Bin hurriedly summoned people from the marketing department to work overtime, formulated a building merger team, and officially started contacting all owners on Monday.

Monday, October 5.

New Era Group began to keep silent about Hysan Land's anti-acquisition of Paul Y. Construction, and did not accept any interviews with reporters.Therefore, the market began to rumor that Lin Zuhui's head was shaved this time, which seemed to have lost face.

After all, the anti-acquisition price proposed by Hysan Land is 8.3 yuan per share, while the purchase price proposed by New Times Group is only 5 yuan per share (the total share capital of Paul Y. Construction is 1.02 million shares).

If the New Era Group raises the price to make an acquisition, even if it wins, it will be "taken for granted". After all, Baohua Construction is not worth the money.

The media all believed that it was the best choice for Lin Zuhui and the New Era Group to die down.

In fact, at this time, Liang Botao was busy contacting the minority shareholders who own Baohua Construction. New Times Group planned to absorb the shares to the safety line of 51% through black market, and then declare victory.

As for the comprehensive acquisition, the highest price will not exceed 9 yuan per share, which is still affordable.

It's better than being caught in the bidding!
The so-called dark market refers to transactions that are not completed through formal trading platforms.New Times Group chose this method to increase its shareholding, one is to avoid raising the price of Paul Y. Construction, and the other is to catch Hysan Land by surprise.

At this time, although many stockholders sold their shares to Hysan Land one after another, a considerable number of stockholders were still waiting for the offer from New Era Group.

This time, Hysan Land was born out of nowhere, causing New Era Group a lot of losses, and more importantly, a loss in reputation.

Lin Zuhui, the boss of New Era Group, also held his breath!

On the same day, the six merging teams of the New Times Group were dispatched one after another, and began to contact the 26 owners of the old street on Enping Road.

Li Fulai is the leader of one of the teams, and found the first target owner in the morning.

"Mr. Sun, New Era Real Estate would like to buy your unit on Enping Road. The price must be fair!" Li Fulai made an appointment at the owner's work unit, explaining his intentions.

"This place is a property that I plan to rent for a long time, and I don't plan to sell it!" Mr. Sun said deliberately.In fact, the real estate in Xiangjiang was sluggish at this time, and the area was too old, so Mr. Sun intended to sell it.

"Mr. Sun, wouldn't it be better for you to invest in real estate with our money. After all, that area is now an old-fashioned building, and the rent is not high."

"What price do you offer?"

"Currently, the rent of your place is 5 a month, and the market price is about 400 million. We are willing to pay 480 million!"

Mr. Sun's eyelids twitched and his heart fell into ecstasy. He was very satisfied with the price.

"More than 400 million is ugly, I don't like to bring 4!"

"Mr. Sun, as you know, that area is really old"

After some rhetoric, the two parties reached a preliminary negotiation, the price was set at 515 million and they agreed to sign the contract in a lawyer's office the next day.

Li Fulai knew that the reason why it went so smoothly was that the company had spoken out, and they could quickly sign contracts within 20% of the market price.If someone opens his mouth and says more than 20%, he will not consider it and hand it over to a third-party intermediary company for negotiation.

(End of this chapter)