Siheyuan: I am Jia Dongxu's cousin

Chapter 239: Taking Over Hutchison Whampoa

Li Ka-shing could never have imagined that just when he was about to complete the acquisition of Hutchison Whampoa, his home would be robbed.

Just when everyone was wondering how the Zhonghua Group controlled the Hong Kong Land, the risk control personnel of Cheung Kong Holdings discovered that someone was frantically buying up Cheung Kong Holdings' shares. Just when they were about to fight back, the other party suddenly stopped. However, the risk control personnel found that there were not many shares of Cheung Kong Holdings still circulating in the market.

Li Ka-shing himself holds 41% of Cheung Kong Holdings' shares, plus HSBC's 8% and some other tycoons' 13%, the number of shares outstanding on the stock market is about 38%.

But looking at the current market situation, the other party has at least secretly acquired more than 30% of the shares!

The manager of the risk control department did not dare to delay and quickly went to report to Li Ka-shing.

After hearing the news, Li Ka-shing did not even bother to consider how the China Merchants Group acquired the Hutchison Whampoa, and went directly to HSBC in person, wanting to buy the 8% stake held by HSBC.

But I was told that HSBC's 72% stake in Cheung Kong Industries had been bought by the Flower Planting Group as early as . At that time, the Flower Planting Group and HSBC were still in the honeymoon period, so it was easy for them to buy Cheung Kong Industries' shares.

Li Jiacheng understood that the shareholder who secretly acquired Cheung Kong Holdings must be the Zhonghua Group. This was not acceptable, as Cheung Kong Holdings was his base camp. If he let the other party acquire it, then his acquisition of Hutchison Whampoa would be purely working for the other party.

"Oh, it seems I have no choice but to give up Hutchison Whampoa," Li Ka-shing sighed.

I originally thought that I could directly realize a surge in assets by acquiring Hutchison Whampoa this time, but I didn’t expect that I was still one step behind!

Li Ka-shing was able to become the richest man in Hong Kong Island in Zhang Weiguo's previous life, so he was naturally bold and courageous. He immediately picked up the phone and said, "I am Li Ka-shing, the king of charter ships..."

"Then I'll leave it to the charter king."

After hanging up the phone, Li Ka-shing breathed a sigh of relief. As long as the other party was willing to talk, everything would be easy to talk about.

……

……

On the second day, Sofia brought Lin Qing to the coffee shop where she had agreed to meet with Pao Yue-Kong.

In the private room, Li Ka-shing said to Pao Yue-kong: "Ship King, I have to thank you for your help this time. To be honest, I am really impressed this time."

Seeing Li Ka-shing's wry smile, Pao Yue-kong said with a smile: "It's all a small matter. Isn't it normal for us Chinese to help each other? But you are going against the Flower Planting Group this time, so it's inevitable that there will be some bloodshed in the negotiations later."

"Alas..., this is all I deserve. It's my fault for losing this time." Li Ka-shing said bitterly.

While the two were talking, Sofia and Lin Qing came to the private room under the guidance of the waiter.

As soon as they saw the two people arriving, Pao Yue-kong and Li Ka-shing stood up to greet them.

"Sister-in-law, your Flower Planting Group has really opened our eyes this time! Come and sit down. Please talk to me in detail this time. I am very curious about your experience in acquiring the Swire Properties." Pao Yue-Kong said curiously.

"Brother Bao, let Sister Lin Qing talk to you. She was the one who orchestrated this matter." Sofia pulled Lin Qing over.

Looking at the curious eyes of the crowd, Lin Qing was not at all nervous and said generously and neatly: "In fact, this matter is also very simple. As soon as HSBC disagreed to sell Hutchison Whampoa's shares to us, we decided to take action against Hong Kong Land. Hutchison was just our smokescreen."

"As for how we hid it from Jardine Matheson, it was all thanks to our overseas branches. Our acquisition of Hong Kong Land was mostly conducted through branches in Fuso and America, and each company's shareholding ratio was not high, so it was normal that the other party didn't notice it."

Although Lin Qing said it lightly, everyone present, except Sofia, the vixen who had not been in the business world for a long time, must know that Lin Qing omitted a lot. But it doesn’t matter. It is enough to know that the property was acquired by Chinese capital.

In fact, the smooth acquisition of the land by the Zhonghua Group this time was also due to the agents of this heart protection fluid.

You should know that the shares of Hong Kong Land are very dispersed, and retail investors do not hold a large share, at most 20%, while the rest are in the hands of some small shareholders.

As partners of the Flower Planting Group, it was not difficult for the dealers to ask them to help buy some of the shares of the Land. The dealers were very powerful in their locations, and they only needed to send a message and the small shareholders would come to them happily. Besides, the price given by the Flower Planting Group was also very fair, and there was no price reduction, so there was no risk of some shareholders reporting it.

Most of them are here to make money, so as long as the price is right, they will sell to anyone. If they sell to the flower-growing group, they can also get a small favor from the local tycoon, so why not do it?

Seeing that the conversation was almost over, Li Ka-shing said, "To be honest, Ms. Sofia, I asked the charter king to invite you two this time because of Cheung Kong Holdings. I am willing to give up the acquisition of Hutchison Whampoa and sell the shares to the Flower Planting Group, but please ask Ms. Sofia to sell the shares of Cheung Kong Holdings to me."

Sofia turned her head and looked at Lin Qing, her meaning was very clear, "Selling or not buying?"

When she saw Lin Qing nod, Sofia said, "Okay, but not at the current stock price."

Li Ka-shing knew that he had to suffer this loss, and said helplessly: "Okay, but please don't let me suffer too much, Ms. Sofia."

Afterwards, Li Ka-shing discussed the details with Lin Qing. Finally, according to the agreement, the Flower Planting Group exchanged 3% of Cheung Kong Holdings for % of Hutchison Whampoa held by Li Ka-shing, and paid Li Ka-shing HK$ million as the difference.

The acquisition of Hutchison Whampoa cost the China Garden Group approximately US$1.5 million, or HK$10.5 billion, while the acquisition of Hong Kong Land cost US$2.32 million, or HK$15 billion.

At the same time, Li Ka-shing did not gain any benefit from this battle, but instead owed HSBC 3000 million Hong Kong dollars.

After the four of them chatted for a while, Sofia and Lin Qing said goodbye.

At this point, the Flower Planting Group only spent US$3.82 to break the shoulders of Jardine Matheson and cripple Hutchison Whampoa.

……

The next day, Li Ka-shing announced that he would give up the acquisition of Hutchison Whampoa and sell his 41% stake to the Flower Planting Group.

The Zhonghua Group also announced that it has acquired 65.67% of Hutchison Whampoa's shares and successfully acquired Hutchison Whampoa.

As soon as this news came out, the people of Hong Kong were excited again.

Everyone started discussing it frantically with questions, curiosity and confusion.

"Oh my god! This is such a big deal! What kind of magic did the Hua Group cast on Li Ka-shing? Why did it suddenly sell Hutchison Whampoa when it was about to acquire it?"

"Yes! What happened in the past few days is more interesting than the novels published in the flower-growing magazine. Do you think our richest Chinese man really has magic? Otherwise, how could it be so magical?"

"Hey, I heard from my friend who works at the Flower Planting Group that Mr. Zhang has been on an important business trip for the past two months, and his second wife is now in charge of the Flower Planting Group."

"Wow, women are just as good as men!"

While the people of Hong Kong were discussing this, a breakthrough was also made in the flower-growing laboratory.

The prototype of the gravity simulation device was finally built.

……

……

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