The Industrial Giant Reborn
Chapter 280 HK Electric's Acquisition Battle
The several major businesses of Hutchison Huang in later generations are those that Chen Zhiwen intends to copy directly. After all, they are the five businesses Li Jiacheng finally chose based on his life experience, and they have been proven to be successful. The only telecommunications business has not yet reached the right time. The others are It is time to prepare for the layout. The current Hutchison Capital far exceeds the previous history in terms of capital scale. As time goes by, it will inevitably become a larger business giant.
As for Galaxy Real Estate, although he is his own son, he is currently inferior to Hutchison Huang in many aspects. In the future, he may be more inclined to choose the right people to invest in. As long as the vision is in place, the ability to benefit is not inferior to Invest by yourself, but the relative influence is much weaker.
February 15, 1980, New Year's Eve:
"Come on, brother, this is Australian lobster meat. It's very delicious. Try it, and Wen Jun will also try it." In the restaurant of the Chen family villa, the two Chen families celebrated the first Spring Festival together.
"For so many years in China, let alone such big lobsters, they are all the size of a palm, and they are all exported." Chen Tianshou said with a smile.
"Then you can eat more." Chen Zhiwen said with a smile: "There are many places to play in Hong Kong, uncle, you should stay here for a while."
Wu Xiuling asked, "How long can my eldest brother stay here in Hong Kong?"
"It's been half a month. Anyway, I'm just about to transfer to Yanjing, so there's not much to do." Chen Tianshou said.
"Brother, haven't you decided on your current position in Yanjing?" Chen Tianfu asked.
"It should still be in my old business, and I'm in charge of farming and planting, but I may have to go to other places often in the future." Chen Tianshou said with a smile: "It's also very good to be able to visit all over the country. It's been my half-life dream."
"That's good, agriculture is the foundation of a country. When we were young, we really relied on those few acres of land." Chen Tianfu said with a smile.
"Uncle, where do you live now?" Chen Zhiwen asked.
"Now I'm still living in the house arranged by the bureau. There are too many people there. I plan to buy a house in Yanjing, which will be more convenient in the future." Chen Tianshou said.
"That's fine. I'll go to Uncle's house to have a look. Xinhua News Agency has organized a visit to Yanjing by political and business people from Hong Kong. It is estimated that it will be at the end of March or early April." Chen Zhiwen said with a smile.
It has been more than a year since the domestic re-opening, and now it has begun to enter the state of needing foreign capital, and Hong Kong companies are naturally the top priority.
"That's good, then I will take you to play in Yanjing." Chen Tianshou said with a smile.
February 25, 1980, the first Monday after the Spring Festival holiday.
Hutchison Building, the stock exchange, countless wage earners have officially entered their jobs, and countless professional stockholders are wandering around the stock exchange, or contacting outsiders by phone.
As soon as the opening time came, the crowds in the stock exchange were crowded, and all kinds of incoming calls were endless. Many staff members were in a hurry. There were too many people trading. People who trade in stocks earn a lot of money, which naturally makes countless people working in the stock exchange jealous, but their positions restrict them from trading in stocks, so even if they resign from their iron jobs, many people decide to go to the stock exchange. Taking a gamble, this in turn led to a shortage of personnel in the stock exchange.
Cao Dafeng is one of them. Two years ago, he gave up the high-quality government iron job. The whole family did not understand him and quarreled several times because of it. After Huayuan bought three houses, the family became more harmonious. This also made him devote himself to the stock business with all his strength, and finance is the most profitable.
Amidst the noise, suddenly, a louder sound suppressed everything. Cao Dafeng looked up and saw many people gathered around the railing, yelling desperately. .
"Brother, what's the matter?" Cao Dafeng walked into the crowd and asked a stock buddy who had been with him several times before.
"I don't know. This morning, Hong Kong Electric's stock started to rise all the way. In a short time, it has risen from 3.8 yuan to 4.1 yuan, and it is still rising. It seems that there are big capital buying Hongkong Electric's stock." When asked The person replied.
"It's 30 cents?" Cao Dafeng was shocked. It rose about 10% a day, which is not a big deal. Many stocks are like this, but this session has only opened for less than an hour, and it has risen so much. The stock is not an ordinary small company stock. It is one of the top ten listed companies in Hong Kong. Under normal circumstances, it is a big problem for such a large market to fluctuate by 5% a day.
"Do you want to follow? If you follow, go to the queue together?" the person opposite said.
"No, I have to wait." Cao Dafeng looked at the group of people queuing up to buy Hong Kong Electric's shares, feeling a little uncertain in his heart. Based on his past experience, even if a large capital enters the market to buy a company's stock, it will not be easy. It is impossible to continue buying blindly like this forever. The most common method is to buy something to a certain extent, wait for a bunch of people to follow suit, and immediately sell it at a high price to make a profit and leave the market.
"You're so stupid, you don't even want money." The person on the other side left after finishing speaking.
Cao Dafeng doesn't care about other people's opinions. He is very careful about this kind of sudden wealth opportunity. The bigger the pie, the bigger the trap may be.
Watching the crowd rushing in to buy stocks, Cao Dafeng watched the stock increase outside. After two hours, he noticed something unusual, because although HK Electric's stock was still rising, the rate of increase began to decline.
Analyzing with normal logic, if the buyers behind this stock increase are still buying stocks, coupled with these investors who are buying crazy now and the capital of countless telephone remote operations, the stock price should rise even higher, but If it slows down, it means that some people buy less or even sell at high positions.
At noon, the increase in stock prices stagnated. At this time, everyone reacted, and immediately a bunch of people went back to the original position to buy stocks and lined up, just to sell the stocks in their hands.
In the afternoon, in the VIP member room above the HKEx:
"When the stock goes up, they immediately rush to buy it, and when the stock drops a bit, they immediately rush to sell it. They don't know that it is because of their behavior that the stock price fluctuates sharply. If they want to play speculation, they don't even have the willpower to do so." Chen Zhiwen sighed and said, after this wave of operations, he can collect more stocks from the stock market, and the losers are naturally the group of people below and the investors who have notified so many phone calls, but these are all speculative Yes, he felt at ease cutting these leeks, after all, this group of people also wanted to cut other people's.
"If they are so shrewd, they are not small stock investors. It has been decades since the stock market was born. It is estimated that these people will still be the same after decades." Zhou Jiayang said with a smile behind him.
"That's true." Chen Zhiwen nodded. People in the 21st century, even with the Internet, can find a lot of information, but they are still so impulsive. At the peak of the A-share bull market in 2008, I don't know how many people still jumped into it with their wealth .
"Chen Sheng, in today's wave of operations, we have 0.7% more stocks in our hands, and now we have 27.8% of Hong Kong Electric stocks in our hands." Xu Jinhong said on the side.
"Then according to the plan, directly pay a 20% premium, and buy it in cash on the spot. But don't announce how many shares we have in hand, buy it first, and at most we can declare that we only have 34.9%." Chen Zhiwen nodded and said.
Although it is a little difficult to transfer all the US dollars earned in the United States, part of it is still very easy. As long as the money is in place, several major investment banks can do it very easily. In this more than a month, apart from the principal , More than 300 million U.S. dollars have returned to Hong Kong.
With so much money, and no high-return financial opportunities in the short term, it's natural to invest money in company acquisitions.
"Okay, then I'm going to release the news immediately." Xu Jinhong said with a smile on his face.
In the afternoon of the same day, a big news shocked the entire Hong Kong financial circle: Galaxy Group and Hutchison Whampoa Group formed a joint consortium to purchase HK Electric’s stock at HK$4.50 a share in cash. Shows unknown.
When the news came out, the whole of Hong Kong was shocked!
Hong Kong Electric Group is the second largest electric power company in Hong Kong, monopolizing the power supply of the main island of Hong Kong, and owns a large number of high-quality land. Although it is not as large as Hutchison Whampoa and other four foreign companies, but because of stable profits, the total market value is 30-40 per year. billion Hong Kong dollars, and is one of the top ten large companies in Hong Kong by market capitalization.
The market reaction was even more intense. HK Electric's stock immediately rose by 25%, reaching HK$4.8 per share, and the price was even higher than the purchase price announced by Galaxy Group.
Countless stockholders were even more crazy about it. Cao Dafeng breathed a sigh of relief. When Hong Kong Electric's stock price fell to its previous normal price at noon, he made a big deal. Now it seems that he made a fortune in blood. A W is stable.
Kangle Building:
"As I predicted, Chen Zhiwen will not only be satisfied with the acquisition of Hutchison and Wharf, but now he has indeed made a move for HK Electric." After Niu Bijian received the news, his husband was a little surprised, but then calmed down.
"Hong Kong Electric is indeed the best target. The income of the power group is stable every year, which is a little bit worse during the oil crisis in the past two years. And Hong Kong Electric has so many high-quality properties that make people jealous, especially When Hong Kong Electric's power plant on Hong Kong Island is moved to Lamma Island, the land left behind will be worth at least 2 billion, and if I have money, I would also like to buy it." Bao Fuda, the land manager, shook his head regretfully.
"I think now is a good opportunity." Newbijan said with a smile.
"We also want to participate in the acquisition? Compete with Chen Zhiwen for Hong Kong Electric?" Bao Fuda said in a daze. If Niu Bijian was his subordinate, he would probably scold him. He lost his own Wharf before, and now he is still with him. Someone else robs another company?
"Yes, I actually had my eyes on Hong Kong Electric before, but the scale of Hong Kong Electric is too large. If we want to acquire, we need to prepare at least 2 billion Hong Kong dollars in funds or credit. It is too much pressure for us, so I have always been We are waiting for an opportunity, because Hong Kong Electric’s stock has been falling during this period, while Hongkong Land’s stock and the value of so many of our properties have been rising, as long as it reaches a certain level, we will have enough credit.” Niu Bijian explained .
"It's right to think this way. Although Hong Kong Electric has a lot of high-quality land, many of them cannot be developed in the past two or three years. In addition, the energy prices caused by the oil crisis have skyrocketed. If Hong Kong's housing prices rise a little bit, we can indeed Give it a try." Bao Fuda nodded and said, "But it's not yet the right time, and Chen Zhiwen has made another move. If we intervene, it will cause the stock price of Hong Kong Electric to rise sharply, and we don't even have a single stock in hand now. , the funds are not enough.”
"If it was normal times, it would be difficult for us to acquire Hong Kong Electric, but it is different now." Niu Bijian smiled and said, "Do you think Hong Kong is the only place where we don't want Chen Zhiwen to acquire HK Electric again? Who else is more successful than us?" Don’t you want HK Electric to become Chen Zhiwen’s?”
"You mean, Shen Bi?" Bao Fuda said, the last Wharf incident, in addition to Jardine losing Wharf, also made HSBC lose a bit of face, and for HSBC, any local consortium surpassed HSBC in scale , or having this potential is intolerable.
In the past, HSBC's biggest potential rival was Hang Seng Bank. Later, HSBC took advantage of the banking crisis in the 1960s to acquire and control Hang Seng, and then the entire Jardine Department. The biggest threat to HSBC is naturally Chen Zhiwen. It can even be said that it has surpassed HSBC in some aspects, but it may not be as good as it in terms of influence and scale. But if it acquires HK Electric again, it will be hard to say.
"Shen Bi absolutely cannot tolerate Chen Zhiwen's acquisition of HK Electric again, but HSBC is restricted by law and cannot directly participate in ordinary business. Do you think that with Chen Zhiwen's scale today, who else would dare to take the risk except us, Jardine, who is willing to stand up? The risk of offending him." Niu Bijian said with a smile: "As long as I can get the support of HSBC, I am sure to win this time."
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