Reborn Tycoon Rise

"Li Jiacheng?" Xu Zhi swallowed a mouthful of dried tofu and asked, "What's going on?"

Wang Liming said: "Jingzhou Yingni just held a board meeting and voted to increase 15% of the shares of Changjiang Industrial. Changjiang Industrial has also become the major shareholder of Qingzhou Yingni and joined the board of directors."

Xu Zhi nodded and said, "So, our director representative is completely useless?"

Wang Liming nodded and said: "Yes, including our Qingzhou Yingni, there are 5 directors in total, and the decision was passed 4:1. Our voting rights are useless at all!"

According to Hong Kong law, he holds 16% of the stock and has 20% of the voting rights for the listed company. After the acquisition was officially announced, Yao Mingcheng entered the board of directors of Qingzhou Yingni on behalf of Evergrande, but the other party was managed by a family, and the board of directors The team and management are all one family. Even if Yao Mingcheng has 20% of the voting rights, he is completely excluded from the core.

Xu Zhi asked again: "How many stocks have we acquired in the past few days?"

Wang Liming replied: "We originally owned about 21% of the stock. In the past few days, we purchased at a premium and only acquired 5%. We originally had 26%, but after this private placement, our stock is only 22.6%!"

"How come so many geniuses acquired 5%?" Xu Zhi asked.

Wang Liming said: "It's a little strange, but it may be because of the Wharf time at the beginning of the year. Investors are now waiting for us to raise the price. After all, the Wharf has increased three times!"

"It's possible, but we can't buy it at a premium now!" Xu Zhi frowned and said, "If we pay a premium again, everyone will probably wait for the next opportunity."

Wang Liming nodded and said: "Yes, that's how the stock market is."

Buy up and not down, this sentence can be applied not only to real estate, but also to the stock market, especially now that the takeover war has broken out, and everyone is waiting for the Wharf incident to happen again.

The second reason is Li Jiacheng's intervention. This matter is completely different from history. Although Midea's profits are high at the moment, it has not been profitable for a long time, not to mention that it has spent a lot of money to buy Hutchison Whampoa shares. Zhou Yingni’s funds all come from HSBC’s financing.

But Li Jiacheng was different. Regarding funds, real estate developers played the most tricks, and Lao Li was the top figure among them. It would not do Xu Zhi any good to really fight for funds.

After thinking for a while, Xu Zhi said with a smile: "Notice Huo Duolii, don't continue the acquisition now, the entry of a third party will change the whole game!"

Wang Liming nodded and said: "Okay, then should we sell some stocks before we announce it!"

Xu Zhi asked: "What do you mean?"

Wang Liming explained: "As soon as Qingzhou Yingni released this information, the stock price immediately skyrocketed."

Xu Zhi nodded and said: "Then take part first!"

Evergrande's background has long been investigated. After all, no matter how imperfect the stock market supervision laws in Xiangjiang are, it is impossible to say that the background of the acquirer is not even investigated.

In fact, on the first day when the acquisition was proposed, Huoduoli had already handed over the information. The next day after the acquisition broke out, Evergrande’s information was exposed. Only then did all Xiangjiang shareholders know that the new news that had been promoted in the newspapers some time ago was The billionaire is the protagonist of this incident.

After Li Jiacheng entered the market, although many people thought that Xu Zhi would choose the opportunity to retreat, after all, compared with Yangtze River Industrial, a new company like Evergrande would not have any benefits.

But the reason why the stock soared was another news. At the press conference for the introduction of Yangtze River Industrial, Yingzhou announced that it would join hands with Yangtze River Industrial to develop its land and seek mutual benefits!

Many people may not understand why Yingzhou Yingni does not develop it by itself, but instead introduces outsiders?

This, in fact, is the “advantage” of us Chinese!

Before the rise of Chinese capital, the British were actually not stupid. They also knew that real estate could make money, but I don’t know if they were not smart enough or had some conscience. This group of British capital almost never thought about speculating on housing, but concentrated their firepower on prime areas. In Central, the assets are mainly office buildings!

For example, in the early 1970s, Land, the largest real estate developer in Hong Kong, proposed a very awesome and second-rate plan: the Central District Redevelopment Plan!

The core of this plan is to create a connected closed loop of office buildings in Central. In fact, it means spending HK$1 billion to renovate all its office buildings in Central.

This seems to be no problem, but it was very uneconomical to spend 1 billion Hong Kong dollars to do this in the 1970s. Although the rent increased after the renovation, it could not compare with the profits made by Chinese investors who desperately speculated on residential properties at the same time.

Cheung Kong Holdings, Henderson Holdings, New World Group, Hopewell Holdings, and Hang Lung Group were known as the new real estate five in the 1970s. In the early 1970s, the assets of these companies had just exceeded 100 million, but by 1980, their market values ​​exceeded 30 billion Hong Kong dollars.

The strategy here is to continuously develop residential properties. After taking out a piece of land with a loan, they can then borrow money to build it, and then sell off the pre-planned land to get a piece of land. One dollar can be converted into a hundred yuan, which is also the fundamental reason for huge profits. .

How much money can you make from housing speculation? Can ordinary people not buy it?

At the same time, British-owned real estate companies are still obsessed with building office buildings and then collecting rents to recoup their capital! In fact, the first residential complex built by the Land Company was the first residential complex built using the land of the Milk Company after acquiring the Milk Company. Since it was its own land, strictly speaking, this was not considered real estate speculation!

Of course, British capital cannot play with capital, but they also have eyes. After seeing the booming residential market, the Swire Group also squeezed in, but suffered heavy losses on the first project, so it became the best choice to find a Chinese joint venture. s Choice.

The five real estate giants also took advantage of this shareholder style to either develop joint ventures on land owned by British-owned companies, or buy land and develop it themselves.

The British also made money, but most of the profits were made by Chinese capital. Otherwise, how could these Chinese tycoons challenge British-funded enterprises that had been established for a century in less than ten years?

Therefore, even a real estate project that even the Swire Group could not handle, how could a traditional enterprise like Qingzhou Yingni understand the rules inside, so it found Cheung Kong Holdings to develop it together!

But how could Lao Li be so easily believed?

Xu Zhidai asked doubtfully: "Li Jiacheng just planned to acquire Wharf and made a huge profit from Bao Yugang. How could the board of directors of Qingzhou Yingni believe him so much and dare to bring him in? Isn't this Luring a wolf into the house?"

Wang Liming shook his head and said: "It's not that simple. What Li Jiacheng received was only preferred shares without any voting rights."

"I see." Xu Zhi also understood. Preferred shares are similar to funds. Although they are also stocks, they have no voting rights or even dividend rights.

Wang Liming nodded and said: "In other words, although we have fewer shares, our equity still has 26% of the voting rights. Although Li Jiacheng has shares, he has no voting rights. At the same time, he has provided a certain amount of equity to the Kane family. Funds, with this funds, if we want to force acquisition again, it will probably be more difficult.”

Xu Zhi nodded and said, "Maybe, but introducing Li Jiacheng into the Kane family probably wouldn't be a wise choice!"

Wang Liming thought for a while, suddenly thought of something, and said: "Xu Sheng, if you are the chairman of the board of directors of Qingzhou Yingni, and you can control the board of directors, and you are faced with external acquisitions, when you have a large amount of money in your hands, what will you do?"