Reborn Tycoon Rise
Chapter 207 Battle for Hutchison Whampoa (16)
"Li Sheng, may I ask why you want to withdraw from Hutchison Whampoa's acquisition? Didn't you say that Hutchison Whampoa is determined to win?"
"Excuse me, what is the transaction price for Li Sheng, Wang Sheng, and Hutchison Whampoa?"
"Sheng Wang, would you like to ask if the shares held by Evergrande Group have exceeded 50%, meeting the criteria for making a takeover offer?"
…
Countless reporters rushed to ask various questions. Wang Liming smiled and signaled everyone to be quiet and said: "Journalists, please be quiet. The agreement reached with Comrade Li Jiacheng this time is also a decision made for the development of Hutchison Whampoa. Regarding the transaction price, because our Evergrande company is an unlisted company and the seller, Mr. Li Jiacheng, is also an individual, we can choose not to announce it according to the law."
The Hong Kong Economic Journal reporter immediately asked: "Sheng Wang, countless shareholders in Xiangjiang hold Hutchison Whampoa's stocks, but the two major shareholders reached a deal without making any announcement. Is this a dissatisfaction to countless shareholders?" Responsible?"
"Responsibility? What responsibility?" Wang Liming said coldly: "The stock belongs to Mr. Li Jiacheng, and the cash we purchased belongs to our own company. What does it have to do with the shareholders? Do we have to account to the shareholders when we sell the stocks? Then the shareholders buy Why don’t we need to be notified when selling shares?”
The Economic Times reporter replied: "This is different. Any behavior of shareholders will not have an impact on the major shareholders, but the actions of the major shareholders will affect the stock price, especially during the acquisition period, and according to the data previously announced by Evergrande, Now the number of shares held by Evergrande Group has reached the legal standards for making a takeover offer."
Wang Liming was too lazy to explain further and said: "As long as it is not illegal, our actions are completely legal. As for whether we have made a takeover offer, I can make it very clear that at present, our shares are less than 50%, and we have already transferred all of them." The information is submitted to the Securities Regulatory Commission, so there is no need to worry about this."
Another reporter asked: "I wonder if Evergrande Group intends to increase its holdings of Hutchison Whampoa shares? Or does it plan to privatize it?"
Wang Liming replied: "This is an internal secret of the company, no comment!"
A reporter from Ming Pao asked: "Excuse me, why did Li Sheng give up Hutchison Whampoa? You once said that acquiring Hutchison Whampoa shares was a step towards your business success!"
Li Jiacheng said: "Everything has a value. I am very satisfied with the price at which Hutchison Whampoa shares were sold. The funds will be used for other investments. At the same time, I will also serve as a director of Hutchison Whampoa and Evergrande." He will also serve as a director of Cheung Kong Holdings. In the future, Cheung Kong and Hutchison Whampoa will develop together and obtain maximum benefits for the shareholders of the two companies!"
…
The press conference lasted for an hour. The reporters wanted to find out the transaction price, but they never got the final answer.
"Li Jiacheng is really good at controlling his emotions." Xu Zhigang had been watching the scene in the conference hall downstairs upstairs and couldn't help but sigh.
Ever since Xu Zhi met Li Jiacheng, his face has almost never changed. It has always been the same standard smiling face. It is the same when facing Xu Zhi, facing Shen Bi, facing waiters, and facing anyone else. Losing After Hutchison, he didn't show any disappointment or anger, as if it never happened.
Wang Liming said next to him: "If he couldn't control his emotions, he wouldn't be as successful as he is today."
"Indeed!" Xu Zhi nodded. It is said that when Zhang Ziqiang kidnapped his son in later generations, Li Jiacheng faced the kidnapper with a bomb tied to his body. He showed no fear at all, nor did he show any concern for his son. Instead, he was just as emotional as discussing business. He was so stable that even Zhang Ziqiang was impressed by him. After losing all his money, he called Li Jiacheng to ask for investment tips.
Wang Liming asked: "Now that Hutchison Whampoa's stock price has fallen, we have bought Li Jiacheng's shares. At present, we hold almost 30% of Hutchison Whampoa's shares. The question now is whether to continue to purchase more, or to directly approach Wei Wei. Are you planning to conduct a private placement of shares?"
Xu Zhidao: "Don't increase shares. Many people already suspect that we are deliberately raising the stock price to cash out. Now if we increase shares, we are not telling them clearly that we have insufficient stocks. You know, theoretically, the stocks in Li Jiacheng's and my hands are The total adds up to more than 50%!”
Wang Liming said: "I understand, then I will continue to arrange for acquisitions in the stock market slowly."
Xu Zhi nodded and said: "The stock market is not urgent. You can't acquire nearly 20% of the stock in a short period of time without affecting the stock price. Now that we are the largest shareholder of Hutchison Whampoa, as long as we fix the board of directors and management Layer, after controlling Hutchison, the rest will be much easier. I heard that Wei Li’s group of people are still jumping up and down right now?”
Wang Liming said: "Yes, although the people I sent have been assigned some positions, they are basically false positions and cannot control the company's rights at all. At the same time, many Chinese people who have taken the initiative to be friends with us have been suppressed in various ways. Some were even forced to resign.”
Xu Zhi smiled and said: "Of course, he has become the emperor, do you still expect him to abdicate so willingly to make way for someone worthy of his throne?"
Wang Liming said: "Hutchison Whampoa's current entire management is controlled by Wei Li's people. Even if we control the board of directors, it will be difficult to move him in a short time."
Xu Zhi said with a smile: "I promised him to continue to manage Hutchison Whampoa at the beginning. Although I wanted to use him to directly obtain the controlling stake of Hutchison Whampoa through private placement, it is undeniable that his ability is still very strong, but the biggest mistake he made was The mistake is to be self-righteous. Let’s go to Hutchison Towers and see if he wants to play another trick by convening the board of directors.”
…
"Xu Sheng, congratulations on getting your wish!" Wei Li said with a smile on the podium seat in the Hutchison Building conference room.
Xu Zhi nodded and said, "It's okay. I wonder why Wei Li held the board meeting this time?"
Xu Zhi and Wei Li were not present. Many directors except HSBC were already present, and Li Jiacheng also rushed over.
Wei Li said: "Xu Sheng, you and Li Sheng have exchanged equity. The company needs to know what happens to such a big thing. Both of you have more equity. Now that they are together, we want to know how much Hutchison Whampoa Xu Sheng has. stocks?”
Xu Zhi said: "How many stocks I have in my hands should be my own business, right? I'm a lazy person and don't want to get involved in Hutchison Whampoa just yet. When I become interested, I will naturally announce it."
Wei Li smiled and said: "That's right, Xu Sheng also has his own business. We understand, but Hutchison Whampoa is currently facing financial difficulties. Recently, an overseas consortium contacted me. They are optimistic about the future development of Xiangjiang Hutchison Company and hope to pass a Directly increase shares and invest in our company.
According to the company law, a single shareholder with more than 33.4% has one veto power on capital increase and share expansion. Therefore, before going to the board of directors, I would like to confirm with Xu Sheng. If Xu Sheng agrees, it will be fine. This proposal will be entered directly. board vote,
If Xu Sheng does not agree, as long as Xu Sheng produces the official documents provided by the China Securities Regulatory Commission to prove that you own 33.4% of Hutchison Whampoa shares, and then exercises one veto power, then our capital increase will naturally be stopped, and there will be no need to waste directors. After all, everyone’s time is precious, what does Xu Sheng think? "
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