Reborn Tycoon Rise
Chapter 438 Shareholders Meeting (6)
"What advice do you two have?" Xu Zhi asked with a smile.
Simon Keswick said calmly: "There is something I want to talk to Xu Sheng alone!"
"Okay!" Xu Zhi nodded and agreed.
Niubijian, who was next to him, also said, "Xu Sheng, I think we should also have a talk?"
"You?" Xu Zhi smiled and said, "You are not qualified!"
"You..." Niubijian's expression immediately changed.
"I gave you a chance, but you gave up on your own." Xu Zhi said no more, and said to Simon Keswick: "Please!"
From the time he decided to acquire Land, Xu Zhi had no intention of fully privatizing the entire Land. After all, wouldn't it be great to control the largest real estate company in Hong Kong with only 1/3 of the capital?
Perhaps many people think that wholly-owned shares can obtain all the benefits, but in fact it is enough to obtain a controlling stake in a listed company. Although many shareholders control the stocks, theoretically part of the company's income belongs to them.
But this is just a theory. As long as no dividends are paid, all the money in the company's account belongs to the person who holds the controlling interest.
Moreover, another advantage of listed companies is that they are their own bankers. Although there are legal restrictions on manipulating stock prices at will, there are ways to avoid even the country's most core taxes. There are many ways to legally manipulate stock prices to make profits.
Looking at the world's top 500 companies, there are several truly unlisted companies. Being able to go public naturally has unparalleled benefits and attractions.
If Newbill cooperates, Xu Zhi can obtain 34.9% of Land's shares with only a dozen or two billion Hong Kong dollars. At the same time, he will drive away the Keswick family and eventually control the entire Land and even Jardine. After the completion of the matter, Xu Zhi will also hand over Jardine and Land to the management of Newbijian and Bao Fuda in accordance with the agreement.
Unfortunately, Niubijian's ambition was too great, and the head of the Jardine Department could not satisfy him. He wanted to truly control the entire Jardine Department, instead of being a wage earner without the final decision-making power like Ma Shimin.
Xu Zhi didn't want to waste time with someone who didn't know what was good or bad. In the final analysis, no matter how capable Niubijian was, he was just a high-level wage earner. In some Western companies, that kind of capital is dispersed or investors don't care. Under normal circumstances, you can still do well, but this is Hong Kong, and the Chinese attach great importance to equity issues. Playing balance before the two major shareholders is courting death.
Now, Xu Zhi has no choice but to launch a comprehensive takeover offer. In this case, just throwing money will be enough, and any conspiracy will be useless. Niubijian naturally has no use value.
Simon Keswick was also quite happy with Newbijian's defeat, and headed to the presidential suite on the highest floor of the hotel with Xu Zhi with a smile.
After they both sat down, the waiter served tea.
Newbijian took a sip and said, "The tea in Xiangjiang is much better than the tea in England."
Xu Zhi smiled and said: "If Mr. Keswick likes it, you can bring more back to the UK, or I will arrange for someone to send some to the UK every year in the future."
"Compared to Britain, I prefer Xiangjiang." Simon Keswick said: "Xu Sheng, we are sitting here today. You and I both know each other's purpose, so I will say it bluntly: How can we make it happen?" Are you giving up on acquiring real estate? Feel free to ask for anything?"
"My requirement is to buy land, it's that simple." Xu Zhi said with a shrug.
Simon Keswick frowned and asked further: "Xu Sheng, if you like a building under Landmark, I can make the decision. As long as Xu Sheng gives up the acquisition conditions, any building owned by Landmark Central can be left to Xu Sheng." choose!"
"Mr. Keswick, why should I choose to get part of it when I can get it all!" Xu Zhi laughed teasingly.
Simon Keswick said: "I am seeking a peaceful solution. I believe Xu Sheng doesn't want you and me to have another Wharf acquisition war in the stock market, right?"
Although Jardine Matheson ultimately lost the Wharf takeover battle, Bao Yugang was not much better and spent too much money. Although it was worth it in the long run, in the short term, the Bao family's vitality was also severely damaged.
Land's scale is far greater than that of Wharf. If a situation similar to Wharf's takeover war occurs, there will be no winner on both sides.
"Mr. Keswick, we Chinese have a saying that those who know the current affairs are heroes. You can indeed enter the market to compete with me. In this way, even if I win in the end, I will pay a greater price.
However, the current Jardine Land is still under mutual control. Once I obtain the land, the entire Jardine will be mine, and I can recover the excess costs from the Jardine Group. "Xu Zhi threatened unceremoniously.
Jardine Matheson Group originated from the notorious East India Company in the mid-19th century. One of its branches was controlled by the Keswick family. It later established its foothold in Xiangjiang and spread throughout the mainland.
As early as the beginning of the 20th century, the Keswick family was already one of the well-known wealthy families in Asia. A hundred years later, their assets have spread all over the world. Although they are not as good as some emerging wealthy people, they have a profound foundation. If they are really ruthless, they will indeed have If you can compete with Xu Zhi in the Hong Kong stock market, even if you lose, you can make your opponent spend a lot more money.
Simon Keswick said: "Jinghe and Land are the core assets of our family. It was you, Xu Sheng, who started this war."
"There are only victory and defeat in the war. It doesn't matter who started it." Xu Zhidao: "If you, the Keswick family, want to keep Jardine Land, you must launch a comprehensive privatization offer just like me. Even if I no longer Intervention would require tens of billions of Hong Kong dollars.
Mr. Keswick, are you sure your family can afford such a large debt? "
In order to protect British-owned enterprises, the British Hong Kong government deliberately changed the triggering conditions for a comprehensive takeover offer from 50% to 35%. However, the acquired party can hold more than 35% of the shares, up to 45%. In this way, the acquisition Unless one party triggers a comprehensive takeover offer, it is simply impossible for the acquisition to succeed.
This method is good, because the ultimate goal of most of Xiangjiang's acquisitions is to gain control of the company, rather than a full acquisition. But no matter how powerful the thief defense system is, it will be of no use against tough robbers.
When the acquirer uses money to pressure others and issues a general takeover offer, the new regulations will actually benefit the acquirer, because the acquired party cannot increase its own shares at will, otherwise it will also trigger a general takeover offer (the original company's major shareholders can increase to 45% of the shares, but there is a very strict time limit).
Simon Keswick frowned and fell silent. He returned to Xiangjiang in order to regain control of the Jardines and save them. He originally thought that the enemy was just Niubijian, but unexpectedly he was attacked by the richest Chinese man in Xiangjiang.
The Keswick family's assets are indeed rich, but they are all in the form of fixed assets, stocks and bonds. In terms of cash, a few hundred million is okay, but tens of billions? I'm afraid it's only possible to get rid of most of them, and more importantly, there's not enough time. The same goes for loans. Looking around the world, no bank will lend tens of billions of Hong Kong dollars in loans within a few days.
Xu Zhi continued: "Aren't you Keswick family always worried about the north? Now I give you this opportunity to leave completely, wouldn't it be better?"
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