The rise of Hong Kong's wealthy families
Chapter 115 Obstacles to Acquisition
The acquisition of New Era Real Estate ran into trouble. Company chairman Zhao Qishan launched a counter-takeover and has purchased 8% of the shares, with a total shareholding of 38%, while He Jiahao only holds 25%, a difference of half.
As soon as the news came out, the stock price soared to 3.4 yuan. He Jiahao asked Qian Jun to stop the acquisition. Although New Era Real Estate was worth the price, it was not necessary and did not need to waste too much money. So He Jiahao made an appointment with the chairman of New Era Real Estate. The matter of Zhao Qishan.
Zhao Qishan was born in 1930. He founded New Era Real Estate Company at the age of 38. He is a self-made man. He is worth about 50 million. He has spent a lot of money to buy 8% of the stock. So when he heard about He Jiahao's appointment, he also There is no shirk, after all, he is indeed inferior to He Jiahao in terms of financial resources.
When I first met Zhao Qishan, he had a Mediterranean hairstyle, not many wrinkles on his face, and his facial features were very ordinary, but his complexion was a bit dark. He Jiahao stood up, shook hands with Zhao Qishan, and said with a smile, "Hello, Mr. Zhao!"
"What a young hero? He has several listed companies at such a young age." Zhao Qishan hangs around in shopping malls, and is naturally an exquisite and clear figure.
"It's an award. I'm just standing at the forefront of the times." He Jiahao said modestly.
"If you have anything to say, just say it directly to He Sheng." Zhao Qishan was silent for a moment and said with a wry smile. Shrinking his head is also a knife. Who allows others to be rich and powerful while he is short of funds.
"I have two plans here. Zhao Sheng can choose. The first is to sell all the Central Properties and Industrial Buildings under my company to my Huamei Real Estate Company at the price of 1976. The second is for Zhao Sheng to fight with me. Let's see who has better luck." He Jiahao's plan is very domineering. The properties requested are the foundation of New Era. If they are lost, New Era will only have a quarter of the assets left, and the position of the listed company will be somewhat shaky. .
"There is not much difference between the two choices given by He Sheng. I want the empty shell of New Era Real Estate to be of little use, so I might as well fight hard." Zhao Qishan responded calmly, as if he had anticipated what He Jiahao meant.
"What about Zhao Sheng's thoughts?" He Jiahao asked back.
Since the appointment is for negotiation, he is not the one who has the final say, otherwise he could just spend a lot of money to acquire it.
Zhao Qishan paused and made a suggestion, "I will sell all the industrial buildings to your company at the price of 1976; the second option is to sell both the Central Properties and the industrial buildings to you at the market price."
The plans are all satisfactory, and the advantages that He Jiahao can take are very limited.
"What about the shares in my hand?" He Jiahao asked with a smile.
Zhao Qishan said, "Sell 13% to me at market price, and He Sheng can continue to hold the remaining 12%, or choose a good time to cash out."
"Twenty percent premium?" He Jiahao asked tentatively.
Zhao Qishan saw that He Jiahao was moved, so he shook his head, "He Shengqian should know that the premium is 20%, which is 4 yuan per share, close to 60 million in cash, and the five industrial buildings are almost given to you for nothing, and the company's debts will be It’s not cost-effective to pass it on to me personally.”
Zhao Qishan used private funds to acquire He Jiahao's shares, while He Jiahao purchased the industrial building in cash to New Era Real Estate, which is equivalent to a debt transfer.
"Then let's switch over. I'll buy Zhao Sheng's 38% equity at a premium, and Zhao Sheng can use the money to buy other real estate companies." He Jiahao said with a smile.
"He Sheng, New Era Real Estate is my hard work, and I will not give up." Zhao Qishan said decisively. It can be seen that it is very difficult for him to give up.
In fact, what He Jiahao wants is the entire New Era Real Estate, not his properties, because these properties can be bought at high prices. If the acquisition fails at this time, all of them will be cashed out. This method is similar to what Liu did, and the sniper's I'm afraid the reputation will fall on his head.
He has many ways to make money, and there is no need to engage in these, so at this time he is more inclined to spend heavily on New Era Real Estate.
"I understand what Zhao Sheng means, let's compete for financial resources." He Jiahao said with a smile.
So, Zhao Qishan stood up to say goodbye and left the box.
He Jiahao did not hesitate and immediately called Qian Jun and asked him to start a takeover battle. Shareholders and investors worked together.
The acquisition case of New Era Real Estate is not as good as that of Guang Sang Hong International Co., Ltd., and Zhao Qishan is not as good as the Feng family. However, Zhao Qishan is not destined to fail, because he holds more equity than He Jiahao. If it reaches 49% first, Ho’s acquisition can be declared a failure.
He Jiahao is also riding a tiger now. The asset value of New Era Real Estate is only 200 million, and there are more than 100 million in debt. If the acquisition capital exceeds 80 million, it is no longer worthwhile, and now he has spent more than 60 million.
When he returned to work in Yunzhimeng, He Jiahao habitually began to read the newspapers. Many of the published contents were about the opening up of the north.
The conference lasted for 5 days and ended. Just like in the previous life, it was decided to open up and Deep Sea City became one of the open areas.
Most people in Xiangjiang have a wait-and-see attitude. Everyone is afraid that this will happen again, but there are a few people who think it can be believed, and a very small number of businessmen are going to open factories.
Of course, He Jiahao knows that the north will only become more and more prosperous, creating miracles one after another and astonishing the world. However, this is not the best time to invest, and the acquisition journey in Xiangjiang has just begun, so he needs to be in charge.
Today is also the day when the movie "Home Alone" is released. In the previous life, the box office of this movie was 530 million, which was twelve years earlier than in the previous life. However, Jack Ho felt that the box office difference should not be big.
Movies are still very profitable in the U.S. market. Unlike the Hong Kong market, the top-grossing movie box office is only tens of millions of dollars, and only a few million are distributed to the film companies, which makes people feel that the difference is very big.
Soon, another report in the newspaper attracted He Jiahao's attention, about the "China Bus Company", which reminded He Jiahao of the history of the China Bus Company.
CMB was founded in 33 years ago and specializes in operating buses on Hong Kong Island. Its stock has been in a long-term slump and its market value is lower than its actual assets. The large amount of cheap land acquired in the early days for garages and parking lots attracted the covetous attention of Luo Yingshi’s son Luo Xurui. , launched a takeover war in 1981. Although Luo Xurui failed, he made a profit of more than 30 million yuan. Although he lost, he won.
According to Ho Ka-ho, CMB owns a car repair shop of more than 100,000 square feet near the North Point MTR station and a parking lot in Chai Wan. Just these two pieces of land can earn hundreds of millions.
Therefore, he felt that he had to start before 1981 and win the China-Pakistan Company, which would reserve hundreds of thousands of square feet of land and help the development of Huamei Real Estate Company to a higher level.
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