The rise of Hong Kong's wealthy families

He Jiahao was silent for a moment, then suddenly said, "What kind of cooperation method?"

Now that we can take revenge, it's time to talk about interests.

Li Fushu said seriously, "Chinese Real Estate already owns 18% of the shares of Dagu Real Estate Company. These shares will be temporarily transferred to your name, and then you need to entrust a securities company under the Bank of East Asia to purchase it, and the funds will be provided by the Bank of East Asia." Be prepared, if the acquisition is successful, Chinese Real Estate will pay you 5 million yuan, and we will also sell the Entertainment Building to you at the market price."

Hearing "Entertainment Building", Ho Ka-Hao cheered up. Five million was nothing, Entertainment Building was a good thing. If rebuilt, it could be worth more than a billion in the 1990s.

"No, change the conditions. Even if your acquisition fails, the Entertainment Building will be sold to me."

Li Fushu thought about it and nodded in agreement, "Okay."

The two agreed on the general direction and left the rest to their men to discuss.

The next day, He Jiahao received the Dagu Real Estate Company information collected by Gao Ci. Although the acquisition was led by the Bank of East Asia, he still had to understand what he should know clearly. You can't do business without knowing everything. This is a taboo in business.

Dagu Real Estate, founded in 1952, is a family-owned listed company controlled by the Gu family, holding 32% of the equity. The current controller is Gu Jinqi (the second generation of the Gu family), mainly engaged in property investment and land development. Development, now has 27 industrial buildings, more than a dozen shops, and a large amount of reserved land, with a market value of 300 million and a net asset value of over 600 million.

With assets of several hundred million, it is no wonder that the Feng and Li families are coveting him.

Such fat meat even makes Ho Ho drool. With 27 industrial buildings and residential land in Tsuen Wan, Kowloon Bay, Kowloon Tong and other places, the profits are astonishingly huge.

However, profits are always accompanied by dangers. Once the Gu family protects their ancestral business regardless of the consequences, they can only cash out and leave the market, because 32% of the equity is no longer low. If you acquire more than 18% of the equity, you can fully control it, but the acquirer Of course, some people are not afraid of being accused of hostile takeovers, such as Da Liu and Luo Xurui.

He Jiahao doesn't really want the title of hostile acquirer, but the benefits are enough, so he doesn't mind it that much. As for the title of sniper, it doesn't suit him.

"It is a high-quality company. No wonder Chinese Real Estate is interested in it."

Hearing this, Gao Ci's eyes widened. He thought the boss wanted to acquire Dagu Real Estate Company, but it was actually the target of Huamei Real Estate Company. So why did he want Huamei Real Estate?

He Jiahao saw Gao Ci's doubts and said with a smile, "Actually, the equity of Dagu Real Estate held by Bank of East Asia has been transferred to our hands. They don't want to be called a hostile takeover, so we have to come forward and deal with it later." Transfer the company to them.”

"What a graft!" Gao Ci sighed, "Then what can we get?"

"The Entertainment Building in Central was sold to us at market price." He Jiahao said with a slight smile.

"Boss, this business can be done successfully, but it is difficult to succeed in the acquisition." Gao Ci said worriedly.

"It is difficult, but it is none of our business. Regardless of whether the acquisition is successful or not, China Entertainment Real Estate Company will sell the Entertainment Building." He Jiahao said nonchalantly, "The acquisition is indeed difficult, but the profit is certain."

If one person attacks and the other defends, the attacking person will naturally be more at ease, because the attacking person can retreat while the defending person can only defend.

"This will be more advantageous for us." Gao Ci was very happy. He was going to buy a building in Central. You must know that the properties in Central are experiencing the greatest appreciation now.

"If you want to prepare funds to purchase the Entertainment Building, you'd better prepare 100 million." He Jiahao said seriously.

"Yes, boss. I'll go raise funds right away." After Gao Ci finished speaking, he left the office.

Unexpectedly, after going around and around, the Entertainment Building was returned to the hands of He Jiahao. It was just a little more expensive than before, but it could still make a lot of money. It had more potential than ordinary properties, and it could be said to be a heavyweight player.

The current debt ratio of Huamei Real Estate Company is about 20%. With the upcoming loan from the Entertainment Building, the debt ratio will not exceed 40%. It is considered a well-run company.

Soon, Tan Zhenzhen walked in and reported, "All orders to buy the Japanese yen/US dollar exchange rate have been sold, with 128.7 million yuan in funds withdrawn and a profit of 88.7 million yuan."

"Well, take out 60 million and continue to invest in blue chip stocks in the stock market. The remaining 68.7 million will be borrowed for another 32 million to make up 100 million. Let Gao Ci acquire the industrial building with 50% cash and 50% loan." He Jiahao thought carefully. Explained.

His previous approach was too conservative. He knew that the market was so good but did not borrow money from banks to develop. He would only miss opportunities. Now he has realized that as long as Huamei Real Estate's debt ratio does not exceed 50%, the big problem will not be some.

"Okay." Tan Zhenzhen continued to ask, "Are there any specific blue chip stocks?"

"No, but the Chinese real estate company has priority to buy." He Jiahao turned his head and finally remembered the most important thing, "In December, Huamei Real Estate and First City Company will conduct a fund-raising rights issue, which is initially set to be 10 shares. 3 shares, there should be more than 200 million in funds, most of which will be used to exchange for the property rights in Fei'e Mountain Road in my hand."

The properties on Fei Nga Shan Road (Lan Kwai Fong) mainly include two commercial buildings under construction, with a rentable area of ​​more than 90,000 square feet. The two buildings are 190,000 square feet. According to the current rent in Central, it is only two buildings. The monthly rent of the building is 1.9 million yuan. Taking into account the rent collection of the three-story shops, the rent is more than 2.5 million yuan.

These properties should be rented out in March next year, and now He Jiahao also needs cash support. After all, Standard Chartered Bank still owes 1.75 billion in leveraged loans.

Qingzhou Yingni Company Conference Room

This is the second board meeting held by He Jiahao, and the topic is Manulife's privatization of Qingzhou Ying Cement Company.

"Everyone, the current stock price of the company is 4 yuan. Manulife Development Company is willing to pay a premium of 20% to acquire your shares." He Jiahao placed his hands with crossed fingers on the table, glanced at all the directors, and said with a smile.

When negotiating, naturally you can't just go all out at the beginning. Generally, you should gradually increase the price.

Of course, the Kane family is definitely not willing to sell 28% of its shares, and will even instigate other shareholders and directors not to let Ho Jiahao complete the privatization.

"He Sheng, do you want to eat up the Hung Hom land owned by the company?" Mousse Kane asked with a sneer.

He Jiahao said calmly, "The land replenishment fee for the Hung Hom land is as high as 500 million. Including construction costs, it will probably exceed 1.5 billion. Qingzhou Ying Cement Company's annual profit is only over 10 million, so it cannot afford to develop the land." Otherwise, it will drag down the company’s development.”

"Then you can choose to jointly develop with other companies." Mous continued to question.

"Of course. Mr. Li Jiacheng, who has a good relationship with Mr. Kane, is very good, right? Mr. Kane. I don't know what agreement Mr. Li Jiacheng and Mr. Kane have reached, but in Qingzhou Ying Cement Company, I am the board of directors. Chairman, as long as I don't agree, it is impossible for Yellow River Industrial to participate in the development of the Hung Hom land." Ho Ka-Hao raised the corner of his mouth and smiled.

The big and small kings can't tell the difference, so they just follow others and make trouble.

After I finish dealing with those major matters, I will deal with you slowly. Anyway, there is no rush to develop the Hung Hom land.

"He Sheng, please don't talk nonsense. I am just friends with Mr. Li Jiacheng. Where is the agreement?" Mousse said with some veins popping out.

He Jiahao smiled and said, "It doesn't matter if you have it or not, but I hope Mr. Kane will stop interfering in the management and operation of the company. You are just a director."

All the directors here know that the two of them are fighting each other, which can be a fisherman's advantage.

"I formally inform you that because the company's production lines will be increased, there will be no dividends in the next three years, and the profits will be used for business expansion." He Jiahao said with a smile.

The meeting ended in failure, but that was as expected by He Jiahao.