The rise of Hong Kong's wealthy families

Monday, March 26

HSBC announced that it would sell 90 million shares of Hepu International to Huanghe Industrial Company at a price of 7.1 yuan. At the same time, it only required a 20% deposit. In other words, Li Jiacheng only used 24 million U.S. dollars as a deposit to become a market value of nearly 2 billion. The second largest shareholder of a large company.

As for the remaining funds, Li Jiacheng can defer payment for two years, which is the first of its kind in the business world.

He Jiahao knew that HSBC did the same thing in his previous life, but half a year earlier. Although Shen Bi was scolded as a traitor by the British, it was nothing to Shen Bi. After all, HSBC only spent 150 million to purchase 90 million. shares and a large number of preferred shares, and now selling them to Li Jiacheng can be regarded as making a lot of money.

He Jiahao currently holds 27% of the equity of Hepu International Company, which is 1.7% more than Li Jiacheng's 25.3%. He is the largest shareholder of Hepu International. However, in terms of voting rights, he is still weaker than the combination of Li Jiacheng and Shen Bi. .

At this time, the stock price had risen to 26.8 yuan per share, with a market value of 10.7 billion, which made He Jiahao stop the acquisition and did not dare to make any more purchases.

Due to the changes in the two major shareholders, Hepu International Company will hold a board of directors meeting within a short period of time to inform all directors.

Therefore, He Jiahao made an appointment with Wei Lisi to discuss how to deal with Li Jiacheng and Shen Bi.

A private room in a sea view hotel

Willis was sitting on the sofa with a sad look on his face. He did not expect that HSBC would sell all its common shares to Huanghe Industrial Company at such a low price, which caught him off guard.

"Mr. Wei Lisi, the current situation is bad and it is not good for you and me. It is well known that Li Jiacheng is good at managing the company. Once he takes over Hepu International Company, he will not be able to allow you to continue to serve as the top class, and I will also There will be a lot of losses, so at the next board meeting, I hope to join forces with you to control the board of directors." He Jiahao said in a deep voice.

Wei Lis was silent for a while and then slowly said, "He Sheng, you don't know something. The preferred shares in Shen Bi's hands originally have no voting rights. In order to prevent Hepu International from going bankrupt, Qi Dezun (Hepu International's former Taipan) , allowing HSBC to inject capital and agree to hold 10% of the voting rights for the preferred shares it holds. If we want to confront Shen Bi, we must win over more shareholder support, otherwise it will be difficult to control."

10% is not terrible. What is terrible is that He Jiahao heard Wei Lisi's intention to quit. If He Jiahao is left alone, he will definitely not be able to deal with Li Jiacheng and Shen Bi.

He comforted and persuaded, "I have 27% of the voting rights in my hands, while Li Jiacheng and Shen Bi have a total of 35.3% of the voting rights. Mr. Willis only needs to win over 13% of the shareholders to support us, and then we can jointly control Hepu International, Mr. Willis could compete with HSBC even if he didn't have a single share in his hands before. Are you afraid now?"

"Haha, He Sheng doesn't need to anger me. Even if He Sheng controls Hepu International, isn't that why He Sheng has become a wedding dress?" Wei Lisi said with a sneer. He finally saw it clearly and turned him into Yihe's New Bikin. It's not easy to do.

"Haha, what Mr. Wei Lisi said makes sense, but I can promise that as long as Mr. Wei Lisi helps me control Hepu International for one year, when Wei Lisi withdraws, I will give you a listed company. "How about I let you be your own boss and not tolerate this kind of anger anymore?" He Jiahao said proudly.

To stabilize Weilis, we must cut some flesh.

Wei Lis frowned and thought, this seemed to be of greater benefit to him, and said, "There is no need for He Sheng to send you a gift. He Sheng can just provide the funds for the acquisition when the time comes, and I will pay it back to you in the future."

"Okay, then it's settled. Mr. Willis, please contact familiar shareholders immediately and make sure they support us."

"Okay, I'll do my best."

The two reached a new cooperation plan in this way.

He Jiahao finally stabilized Willis. If he loses Willis as a helper, he will be isolated and helpless, and the possibility of losing in the upcoming board meeting will skyrocket. Then he will need to bite the bullet and continue to invest a lot of money in acquisitions. This also makes He Jiahao feel that it is not worth it, because the acquisition of SITC Bank does not know when it will be successful or whether the acquisition will fail.

On Friday, the board of directors was held as scheduled. Many directors such as Ho Ka-ho, Li Ka-shing, Shen Bi, Michael Kadoorie, and John Madden attended the meeting, but Willis, who had no shares, sat at the head of the chair and presided over the meeting. .

In fact, John Madden was persuaded by He Jiahao. After all, He Jiahao had done business with him before, and He Jiahao knew what John Madden needed.

Seeing everyone gathered, Wei Lisi said, "Today's board meeting is mainly about two things. First, our profit last year and Pu International's profit was 223 million yuan, but the company's current debt ratio is relatively high and the profit is still We need to continue to repay our debts, and we cannot distribute dividends for the time being.”

"Yes." Everyone nodded. Paying dividends at this time is tantamount to killing the goose that lays the eggs. Only when Hepu International is completely out of trouble can we enjoy the dividends with peace of mind.

Having said that, Wei Lisi does have some abilities. Before Hepu International, he was also a professional manager and saved several companies. Otherwise, Shen Bi would not ask him to manage Hepu International.

Hepu International has actually gotten rid of most of the difficulties. The big losses came from the seaport project and too much debt accumulated in the past. It will take time to fully recover.

Seeing that the atmosphere was almost over, Wei Lis continued, "The second thing is that Mr. Shen Bi proposed that Mr. Li Jiacheng be the next chief executive of Hepu International. Everyone can vote."

Most people began to whisper among themselves, and a few people voted in favor, with the voting power reaching 40.1%.

"I think Mr. Wei Lisi has made important contributions to Hepu International Company. He took over the mess from the previous Taipan Mr. Qi Dezun. Now Hepu International is profitable, so I support Mr. Wei Lisi to continue to serve as Taipan. ." He Jiahao said with a smile.

As a result, John Madden, Michael Kadoorie and others all voted in favor, with the voting power reaching 42.3%, vetoing Shen Bi's proposal with a weak advantage.

He Jiahao is very satisfied with this. It would be great if he can defeat Shen Bi's conspiracy. It still takes time for him to make the next step. He cannot let everything settle. The current state is the best.

After the meeting, Li Jiacheng came to He Jiahao and said with a smile, "He Sheng, can we talk alone?"

He Jiahao smiled and nodded in agreement, "Okay."

So, Li Jiacheng and He Jiahao walked out of Hutchison Building together and came to a tea restaurant.

"If Mr. Li has anything to do, just tell him directly. The company has many matters to deal with." He Jiahao said with a slight smile.

Li Jiacheng pretended to have done nothing and said, "Okay, then I'll be honest. What conditions does He Sheng need to give up Hepu International?"

"Haha, I originally wanted to make a lot of money before leaving. Now my company has suffered huge losses and I can no longer tolerate giving up." He Jiahao said calmly, without much emotion.

Li Jiacheng glanced at He Jiahao and seemed not to believe such a statement, "Let me tell you my conditions. He Sheng can consider it. I will buy He Sheng's shares at a price of 35 yuan per share, and then transfer Hepu International's How about selling some companies to He Sheng?”

"Yes, but it's up to me to choose which companies."

"This is impossible, He Sheng. I plan to sell Xinong Group and Heaton Hotel to He Sheng." Li Jiacheng said seriously.

"In addition to Watsons, the 700,000-square-foot Huangpu Dockyard site, and all the equity interests in TVB," Ho said.

"Impossible, He Sheng, you know that Watsons is one of the three pillar companies of Hepu International, and the Huangpu land is an important asset."

"Li Sheng doesn't think that I am doing a good deed by acquiring Hepu International, right? My losses were caused by you, and I haven't even gotten them back yet." He Jiahao smiled meaningfully.

At this time, Li Jiacheng's expression changed. He Jiahao's losses were indeed partly caused by him, and it seemed that it could not be completely solved.

"I need to discuss this with Mr. Shen Bi."

"Okay, Li Sheng, please hurry up. I think one day is enough." He Jiahao still smiled lightly.