Reborn as a tycoon in Hong Kong
Chapter 272 Cheng Yaojin shows up halfway
at the same time.
When a team from Hutchison Whampoa approached Jardine Matheson and wanted to acquire the Golden Gate Tower, Hutchison Whampoa also sent a team to contact Wheelock and wanted to acquire the Federal Building, International Building and Ocean Center owned by Wheelock.
Hutchison Whampoa had not thought about acquiring all three properties, mainly because it believed that Wheelock would not agree to all of them. The reason why all three properties were targeted was because it was just in case, and it would be easier to bargain this way.
Wheelock was founded by British Jew George Madden, but in 1971 Wheelock acquired the Federal Real Estate Company owned by Chinese businessman Zhang Yuliang by issuing new shares, which gave Wheelock owned two Central buildings, the International Building and the Federal Building. High-end commercial building.
However, the consequence of this was that the Madden family's shareholding was diluted, and Zhang Yuliang became Wheelock's largest shareholder. However, Zhang Yuliang's shareholding ratio is only about 30%, which is only a little more than that of the Madden family and does not reach the point of absolute control. Therefore, the chairman of Wheelock is still John Madden of the Madden family.
However, a person who holds a larger shareholding ratio is not the company's controller, and the company controller's shares are not the highest. Of course, Zhang Yuliang cannot willingly let the Madden family control Wheelock, so he has been fighting openly and secretly with John Madden. Both sides seem to be inseparable.
However, Wheelock was founded by the Madden family, and most of the directors were British-owned, so they naturally sided with the Madden family. Therefore, Zhang Yuliang has never been able to defeat John Madden, and Wheelock has always had control. In the hands of Ma Chang family.
Hutchison Whampoa wants to acquire three Wheelock properties, and the actual value of these three properties is more than HK$1 billion. For such a huge transaction, Wheelock naturally convenes a board of directors and senior management meeting as soon as possible.
However, before that, John Madden, chairman of Wheelock, did one thing first, which was to cancel negotiations with another team.
It turned out that before Hutchison Whampoa contacted Wheelock, someone had already contacted Wheelock and wanted to acquire Wheelock's Federal Building and International Building.
Although there is less Ocean Center property than Hutchison Whampoa, the value of these two buildings is also more than HK$500 million. Negotiations cannot be completed in two or three days. They are always under negotiation.
Now that there is an additional buyer for the acquisition, Hutchison Whampoa, Wheelock will of course have to stop negotiating with the other party. Regardless of whether the property is sold or not, and how it is sold, there is no doubt that the price will be higher if there is competition.
Cangjiang Industrial.
"Mr. Li, something went wrong in the negotiations with Wheelock. Wheelock has unilaterally suspended the negotiations."
Mai Liyin returned to the company to report to Li Jiacheng.
"What happened? Didn't we have a good discussion before?"
Li Jiacheng couldn't help but frown slightly after hearing this. The deal that was originally negotiated was very promising, but Wheelock suddenly stopped negotiating, which made people worried.
"I've asked about it."
Of course, Merlin, who was in charge of the negotiation, came back to report after finding out the reason. He said: "According to what the other party said, it was Hutchison Whampoa who suddenly proposed to Wheelock to acquire the three properties of Federal Building, International Building and Ocean Center. Although this The matter has not been confirmed, but it is not a trivial matter and it is easy to confirm, so it is unlikely that the other party deliberately lied."
"Hutchison Whampoa actually intervened? Could it be that Lin Baicheng is up to something again?!"
Li Jiacheng frowned and snorted coldly. Since he had a grudge with Lin Baicheng last year and Lin Baicheng took over Hutchison Whampoa, Hutchison Whampoa has targeted Cangjiang Industrial in the real estate industry, completely ignoring the fact that he is also a shareholder. Although Cangjiang Industrial itself has a large amount of land hoarding and is not afraid of Hutchison Whampoa's targeting, it has caused some trouble to Cangjiang Industrial.
Li Jiacheng really wanted to kick Lin Baicheng out of Cangjiang Industrial, but the problem was that Lin Baicheng only held 5% of the shares of Cangjiang Industrial. It was impossible for him to do anything because of such a small share, and other shareholders would not agree with him. Therefore, he could only watch Lin Baicheng hold Cangjiang Industrial's shares, but let Hutchison Whampoa target Cangjiang Industrial, which made him extremely unhappy.
Of course, Li Jiacheng is not the kind of person who is afraid of trouble. When he shorted Hutchison Whampoa, he was tit for tat. He wanted to kill Hutchison Whampoa, but he didn't expect that the matter was not done. Instead, Lin Baicheng and Hutchison Whampoa made a lot of money. Fortunately, He himself has nothing to lose.
The result of shorting Hutchison Whampoa was that Hutchison Whampoa's market value rose sharply, reaching about 10 billion Hong Kong dollars. At that time, Li Jiacheng's energy could no longer target Hutchison Whampoa, so he gave up that idea.
A while ago, Li Jiacheng received support from HSBC Shenzhou. He also had the idea of using HSBC's power to target Lin Baicheng, but finally gave up after thinking about it. After all, even if HSBC targets Hutchison Whampoa, it will not be able to cause heavy damage to Hutchison Whampoa all at once. It will only cause trouble, not to mention whether HSBC will help him is another matter.
Therefore, Li Jiacheng decided to develop and make himself stronger.
Li Jiacheng has always been optimistic about the real estate industry in Xiangjiang. After receiving support from HSBC, while expanding the scale of Cangjiang Industrial's land development, he decided to acquire properties and resell them to make a fortune.
After much selection, Li Jiacheng selected Wheelock's Federal Building and International Building and formed a team to negotiate with Wheelock. Seeing that the negotiations were about to make progress, Hutchison Whampoa suddenly intervened. This made Li Jiacheng not suspect that Lin Baicheng deliberately targeted him after learning about this.
Merlin nodded: "It's possible that this is not the first time Hutchison Whampoa has targeted the company."
Li Jiacheng asked: "Do you have any suggestions?"
Merlein thought for a while and said: "I think it is very important for us to first find out whether Hutchison Whampoa really wants to acquire the Federal Building and the International Building, or whether it just wants to raise the price to increase our acquisition cost. "
"Leave the inquiries to me."
Li Jiacheng decided to ask Shen Zhou from HSBC to inquire about this matter. HSBC was the major shareholder and director of Hutchison Whampoa, so he would definitely know about such a large transaction.
"You remember to pay attention to the negotiations between Hutchison Whampoa and Wheelock. I want to know the specific details of the negotiations between the two companies."
Mai Liyin nodded and responded: "Don't worry, Mr. Li, if there is any situation, I will report it as soon as possible."
"Well, you go out and do your work first."
After Mai Liyin left the office, Li Jiacheng was also preparing to leave. He planned to go to HSBC in person to ask Shen Zhou about the matter in person.
This time, no matter what Hutchison Whampoa's purpose is, Li Jiacheng is ready to do something to fight back. Otherwise, if you are constantly being targeted but have no effective counterattack, you will only be looked down upon and subject to more unscrupulous targeting.
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