The rise of Hong Kong's wealthy families

HSBC conference room

He Jiahao strolled in and greeted Li Jiacheng, "Li Sheng, you are well."

Li Jiacheng laughed and said, "He Sheng is still so awesome. He is already a super rich man in Xiangjiang at the age of 21, and I am still working at the age of 21, earning a monthly salary of dozens of dollars."

"Times have changed, Li Sheng. We young people don't like to be obedient, we prefer to take risks." He Jiahao said with a smile.

The two communicated politely, as if they were not competitors, but old friends with deep feelings.

Shen Bi and his assistant Pu Weishi came in and said, "You two, no matter what competition there was in the past, we have settled the matter today. After we get out of here, I hope that everyone can ignore the past grudges and continue to cooperate and develop."

He Jiahao nodded, "No problem, what do Li Sheng think?"

Get the benefits first and then snipe Li Jiacheng when you have time. It is absolutely useless for anyone to do it.

"Okay." Li Jiacheng agreed.

Shen Bi said, "Hutchison Group, plus the 500,000 square feet of land in Huangpu Dockyard as one party, and Huangpu Dockyard Co., Ltd. as one party, Li Sheng chose Huangpu Dockyard Co., Ltd., but Li Sheng wanted to use 10% of Guang Sang Hong International Co., Ltd. How does He Sheng feel about exchanging shares for 500,000 square feet of land in Huangpu?"

"Li Sheng, this is obviously not equitable. Well, I don't need the 500,000 square feet of land, but I hope that Li Sheng can use the 16 Sell ​​it to me for a price of 100 million." He Jiahao proposed other conditions.

Li Jiacheng thought about it again and again, gritted his teeth and said, "Okay, but He Sheng also wants to sell Huangpu Shipyard Company to me at the market price before the acquisition."

"Okay, but the Hepu International shares in Li Sheng's hands must also be sold to me at a price of 10 yuan per share."

"It's natural."

In fact, Whampoa Dockyard is of higher quality than Hutchison Group, because Whampoa Dockyard does not have much debt. It owns many land and properties in Whampoa, North Point, Aberdeen, Yau Tsim Mong District, etc. The most important assets are Kwai Chung Container Terminal 2 and 4 No. Container Terminal.

Hutchison Group, on the other hand, only has a few important assets such as the Watson Group and the Hutchison Building in Central. Although it has many companies, they are small in scale and have no influence at all.

Ho Ka-ho is interested in the many overseas companies owned by Hutchison Group, which are conducive to his overseas investments.

Now we have acquired the Admiralty Admiralty Center Twin Towers, the Hilton Hotel, and Kwong Sang Bank, which can play an important role, and we are using the shares of TVB to build a big wave.

In the Manulife Development Office, after listening to Ho's story, Huo Jianning said, "Hutchison Group is indeed not as high-quality as Whampoa Dockyard. Its large amount of debt has seriously affected the group's development."

Obviously, if Huo Jianning is asked to choose, it will be Huangpu Dockyard, not the troubled Hutchison Group.

He Jiahao smiled and said, "That's true, so we have to deal with these debt problems properly, as well as the low-interest loans from HSBC. We must get them before selling the equity in SITC."

"I see."

On the same day, Manulife Development Company gave up its acquisition of Hepu International Company, and Huanghe Industrial also released similar news.

The market immediately reacted violently, and Hepu International's stock price plummeted, from a super high price of 27 yuan to 23 yuan in just one hour. However, some people still believe that this is a private deal reached between Manulife Development and Huanghe Industrial. It’s about taking advantage of the dip.

Since the agreement was signed, He Jiahao did not worry about what Li Jiacheng and HSBC did.

In mid-April, Hepu International Company held a press conference and announced that Hepu International Company will sell Huangpu Dock Co., Ltd. to Huanghe Industrial Company for a price of 3 billion. It will pay 2 billion yuan in cash first and 1 billion yuan to be paid off within six months. .

At the same time, Huanghe Industrial Company announced that its Hilton Hotel, Admiralty Center Twin Towers, and its 10% stake in Guang Sang Hong International Co., Ltd. were sold to Hepu International Company for 1.6 billion yuan.

In such a replacement, Huanghe Industrial Company actually only needs to pay Hepu International 400 million yuan and pay 1 billion yuan six months later.

However, the stock price of Hepu International Company did not rise but fell, falling to 19 yuan per share.

In late April, Manulife Development Corporation received a low-interest loan of 2 billion yuan from HSBC and sold its 51% stake in SITC Bank to HSBC for US$280 million. Hepu International Company was officially renamed Hutchison Group Corporation. , due to the halving of assets, the stock price fell to 9.7 yuan per share, with a market value of 3.88 billion yuan.

Manulife Development Company acquired 25.3% of the shares held by Huanghe Industrial Company at a price of 10 yuan per share and paid Huanghe Industrial Company 1.012 million. At this point, Manulife Development Company became the largest shareholder of Hutchison Group Company, holding 52.3% of the shares.

He Jiahao used the remaining 1 billion to repay 1 billion of the 1.75 billion loan from Wanguo Baotong Bank to reduce the burden of interest payments. At this time, he still owed nearly 1 billion in loans to Wanguo Baotong Bank, as well as HSBC 2 billion in low-interest loans.

Ho Ka-ho also directly or indirectly holds 42.1% of the shares of Kwong Sang Hong International Co., Ltd., which is 5.9% more than the Fung family. As a result, the first Chinese-owned war came to an end, with no winner or loser. The Hong Kong media called it a war of partition.

In fact, although Ho Jiahao acquired Hutchison Group, he was heavily in debt, reaching the edge of 3 billion. The same was true for Huanghe Industrial Company, which owed huge debts.

During this period, many reporters wanted to interview people related to the acquisition, such as Ho Jiahao and Li Jiacheng, but no one responded directly to the matter.

In order to quell public speculation, Ho accepted an interview with his own newspaper "Tian Tian Daily", which only made the incident even more scandalous.

Some media said a series of bad things such as "He Jiahao and Li Ka-shing are teasing investors and manipulating the stock market". In response to this, He Jiahao said that those who are clean will self-cleanse.

royal golf course

He Jiahao made an appointment with three tycoons Zheng Yutong, Li Zhaoji and Guo Desheng to play ball.

"Hahaha, I won, 200,000 yuan each." Zheng Yutong said with a smile, "Ah Hao, can you still afford 200,000 yuan? Your reputation as the King of Debts is resounding throughout Hong Kong."

He Jiahao smiled bitterly and said, "It is indeed difficult to shoulder the debt of 3 billion. The interest alone is more than 10 million a month. But until next year, the investment in the stock market will return the funds and it can be paid off."

It's just tens of millions in interest, and he can still afford it for the time being.

"As mentioned before, I want to sell 10% of the shares of China Gas Company to Uncle Tong and Uncle Four, and then introduce you to the board of directors." He Jiahao continued.

Just cash out part of it to repay interest and turnover, otherwise there may really be operational problems.

"That's 5% for Aji and I. I think there's no problem. Where's Aji?" Zheng Yutong looked at Li Zhaoji and asked.

"Okay, I'll send someone to your company to sign the transfer agreement." Li Zhaoji agreed with a smile.

Guo Desheng on the side chuckled and said, "Ah Hao, I only need 4% of the shares."

He Jiahao didn't want to refuse, so he nodded and agreed, "Then let's go to Manulife Development to sign a contract."

If sold at market price, He Jiahao can withdraw more than 100 million in funds, enough to pay 3 billion in interest for 9 months, and there is still some leftover.

It would not be a loss to tie three tycoons to the China Gas Company's chariot at the same time.