Reborn as a tycoon in Hong Kong

"Hutchison Whampoa wants to acquire the Golden Gate Tower? What is it doing?"

When Henry Kaiserk learned from his secretary that Hutchison Whampoa wanted to acquire the Golden Gate Tower, he was a little confused.

The reason why Henry Keswick knew about this was not because he paid attention to every move of Hutchison Whampoa. Now that Jardine Matheson had a lot of things waiting for him to deal with, he didn't have the leisure time to pay attention to other people's companies.

The reason why he knew this was simple, because the Kinmen Building was built in the 1960s and originally belonged to the Kinmen Construction Company. The Kinmen Construction Company was privatized, delisted and acquired by Jardine Matheson in 1975, becoming the entirety of Jardine Matheson. capital subsidiary. In this way, Golden Gate Tower naturally became a property owned by Jardine Matheson.

Therefore, it was difficult for Henry Caesar to know whether Hutchison Whampoa wanted to acquire the Golden Gate Tower.

The secretary said aloud: "People from Hutchison Whampoa have just contacted us and only proposed the intention to acquire the Golden Gate Tower. It is not clear what Hutchison Whampoa thinks."

"Convene a meeting with all directors and senior management in the company!"

Henry Caesar immediately said that the Golden Gate Tower was worth hundreds of millions of Hong Kong dollars, and this involved an acquisition of hundreds of millions of Hong Kong dollars. Regardless of whether he refused or not, he would have to discuss it with other senior executives and directors of Jardine Matheson.

"Yes, Chairman!"

The secretary responded and left the office.

About twenty minutes later, all the company's senior executives and directors arrived in the conference room.

"Everyone, the reason for convening this extraordinary meeting is because Hutchison Whampoa suddenly launched the company's intention to acquire the Golden Gate Tower. I think you all know very well about the Golden Gate Tower, so I won't say more here."

"The theme of this meeting is to discuss why Hutchison Whampoa wants to acquire the Golden Gate Tower and whether the company should sell the Golden Gate Tower."

At the beginning of the meeting, Henry Kaiser pointed out the theme of the meeting.

"Hutchison Whampoa is really rich now."

A senior executive said with a sour tone that it would cost at least hundreds of millions of Hong Kong dollars to acquire the Golden Gate Tower. Hutchison Whampoa now has so much money to acquire it, which shows its strong strength. However, just last year, Jardine Matheson beat Hutchison Whampoa, one of the four major foreign banks, by more than one head. Now it has been reversed. It makes me sad to think about it.

Someone echoed: "I made 1.8 billion Hong Kong dollars from my investment, so that doesn't mean I am rich."

"I have heard that Hutchison Whampoa just paid off nearly 1 billion Hong Kong dollars in debt a while ago, and now it is a hot commodity in the eyes of major banks."

"I really can't believe that Hutchison Whampoa became the largest company in Hong Kong in less than a year after being acquired by a Chinese."

"There is no need to be envious. Hutchison Whampoa's stock price is now in a bubble and will fall sooner or later."

"."

"Ahem!!"

Seeing that everyone's topic was getting further and further away, Henry Kaiser immediately interrupted: "Don't worry about whether Hutchison Whampoa has money or not. Don't go off topic."

Upon hearing this, several executives and directors immediately reacted. Now is indeed not the time to say this.

"I don't think it's necessary to sell the Golden Gate Building. It was almost the same last month when we competed with Bao Yugang for the Wharf. We were in urgent need of funds at that time. Selling the Golden Gate Building can raise a lot of funds. If we sell it, we will sell it. Now Now that the Wharf has changed ownership, there is no need to sell the property anymore."

"I don't think it's necessary. Besides, even if the Golden Gate Tower needs to be sold to raise funds, the Golden Gate Tower can be sold to Land Company. In this way, the group has raised sufficient funds, and the Golden Gate Tower will still be the group's property and there will be no change."

"The group has just used the hundreds of millions of Hong Kong dollars it cashed out to increase its stake in Land Corporation, and soon after sold the Golden Gate Building to Land Corporation to cash out hundreds of millions of Hong Kong dollars. Other shareholders and directors of Land Corporation would not agree to this."

"I'm just giving an example. It's not like we're going to sell the Golden Gate Tower to Land Company immediately. It will be fine after a year or two."

"I think as long as the price is right, it can be sold. In the past few years, the group has already been in financial crisis due to a number of investment mistakes. Newbie's investment failure has only exacerbated the financial crisis. Although a lot of Wharf shares have been recovered from the sale. funds, but most of the funds have been used to increase the shares of Land Company, and the group is still short of funds."

Wharf and Land have always been the right shoulder and right arm of Jardine Matheson. Now that it is only a matter of time before Wharf changes ownership, Jardine will naturally want to keep Land. If after losing the Wharf and then losing the Land Company, Jardine Matheson would no longer be called one of the four major foreign banks.

Therefore, after selling some Wharf stocks to raise hundreds of millions of Hong Kong dollars, Jardine Matheson immediately used it to increase its holdings in Land Company's shares, increasing its holdings in Land Company to about 40%. This shareholding ratio can allow Jardine Matheson to increase its holdings in Land Company. and no longer worry that Land Corporation will be acquired.

However, the result of this is that the funds recovered from the sale of Wharf stocks are almost exhausted, and there is not much remaining, which does not help the group's financial crisis.

For Jardine Matheson, the current top priority is to solve the group's financial crisis and not let the group's financial crisis expand. Otherwise, once creditors think that the group cannot repay its debts, debt collection banks will follow one after another. , then the group’s losses will only be greater.

"I also think it can be sold. The most important thing for the group at the moment is to solve the financial crisis. Even if the Golden Gate Tower is not sold, other assets must be sold. Just borrowing from banks, given the current situation of the group, it is difficult to obtain a large amount of funds."

"I also agree to sell, but since it is Hutchison Whampoa's proposed acquisition, the price can be mentioned."

"Yes, since Hutchison Whampoa is so rich, let's kill it."

"."

More people still chose to agree to sell the Golden Gate Building to solve the group's financial crisis, but they all believed that Hutchison Whampoa could not be made cheaper and could be sold more expensively.

"Okay, let's talk to Hutchison Whampoa first to see how sincere Hutchison Whampoa is and how much price it is willing to pay."

Henry Keswick made the decision when he saw more people agreeing to sell, and he himself was inclined to sell. After all, it takes more than one or two hundred million Hong Kong dollars to solve the group's financial crisis. Instead of selling a larger number of assets, it is better to sell the Golden Gate Tower and withdraw a large amount of funds at one time.

After making the decision, Jardine Matheson immediately sent senior executives to contact the Hutchison Whampoa team.

However, after contacting Hutchison Whampoa, Jardine Matheson discovered that HSBC was also involved in promoting transactions between the two parties.

HSBC's intervention surprised the responsible executive and immediately reported it to Henry Kaiser. Henry Kaiser couldn't figure out what was going on. He immediately contacted Shen Chou from HSBC and asked Shen Chou.