The rise of Hong Kong's wealthy families

a few days later

He Jiahao works at Hutchison Building and checks the information of Australia's Wesfarmers Group.

Wesfarmers Group, founded in 1914, formerly known as the Western Australian Farmers' Cooperative, has not yet been listed on the market. Its business scope mainly includes: supermarkets and department stores, home decoration, office supplies, coal mines, insurance, chemicals and fertilizers. It is a diversified company.

Hutchison Group holds 36% of the shares of Wesfarmers Group and is the largest shareholder. However, it does not participate in the management of Wesfarmers Group. It has always paid dividends and is one of the main forces of Hutchison Group in Australia.

Ho wants to use Wesfarmers as a weapon for Hutchison Group to enter Australia on a large scale, although it is currently impossible to enter Australia.

"Boss, Xinong Group's retail industry has been in a state of loss. Coal mining, chemical fertilizers, and home decoration are the three most profitable industries and are the support of the group. Therefore, Xinong Group internally hopes to sell the retail industry and concentrate on coal mining and chemical fertilizer projects. ." Huo Jianning introduced at the side.

"What is the reason for the retail industry's losses?" asked He Jiahao.

Huo Jianning said without hesitation, "It is small in scale, not well-known, and the products are not complete enough."

In the retail industry, monopoly is actually the most profitable, but competition is also very expensive.

"The initial optimization of Hutchison Group has been completed, and the debt has been reduced a lot. We are going to develop our affiliated companies or associated companies. Wenong Group will be our first target. We must first deal with the retail industry. What are you doing? Any suggestions?" He Jiahao asked. There are many Chinese in Australia and it is a very big country. Wine, energy and retail are all good investment directions.

Xiangjiang is too small and capital needs to be exported, otherwise too much money will be left on the company's books and it will be meaningless.

Huo Jianning was very aware of the current situation of Hutchison Group and felt that it was not suitable for expansion, so he advised, "Boss, the companies under the group are still messy. I suggest that reorganizing the group should be the main task at present. Xinong Group is not small. If you insist on taking control, it may not be a good thing for the group and it may repeat the mistakes of 1973."

He Jiahao's heart skipped a beat. He seemed to be in a desperate situation before his eyes. It seemed that after acquiring the Hutchison Group, he was very complacent and became a little arrogant, and the pace of expansion was too big.

"Well, let's continue to organize the group and put aside the affairs of Xinong Group for now." He Jiahao said with a frown.

Without Huo Jianning's reminder, he would have made the same mistake.

Seeing that his boss had come to his senses, Huo Jianning changed the topic and said, "The second batch of companies is about to be sold. Many people have come to the door hoping to win some companies. I plan to let them bid, and the one with the highest price will get it."

He Jiahao nodded, "Then hold a large-scale bidding meeting and ask them to submit their bids, and we can earn some more money at the same time. After this sale is completed, I plan to raise funds for a rights issue."

"When does the boss plan to raise funds?" Huo Jianning thinks it is feasible.

"In January next year, my funds from the stock market will have been withdrawn by then, and I can afford the payment." He Jiahao said frankly. Now at the end of October, there are still two months left, and Hutchison Group can also sort out its other subsidiaries. .

"Well, I'll be ready." Huo Jianning nodded.

Monday, November 5

Huo Jianning hurried into the office and said anxiously to He Jiahao, "The Feng family suddenly announced that it holds 40% of the shares of Guang Sang Bank and will acquire Guang Sang Bank for 5 yuan per share."

He Jiahao asked calmly, "How many shares do we hold?"

"43.7%!"

"Has the 1 billion arrears from Huanghe Industrial Company been paid?" He Jiahao asked clearly.

"Already arrived."

"Okay, immediately launch a comprehensive acquisition of Guang Sang Bank for 5.5 yuan, and announce that Hutchison Group only needs 8% of the stock. Let's check the source of funds of the Feng family and how many shares it holds."

8% of Guang Sang Bank, or 24 million shares, involves a capital of 132 million yuan, which is completely within the range of Hutchison Group. Even if it is 11 yuan, Hutchison Group will not be short of funds.

"Yes!" Huo Jianning hurriedly went out to arrange it.

The purchase price of 5 yuan and 11% of the shares was only 165 million. It was not difficult for the Feng family to raise the money. He Jiahao couldn't understand why the acquisition was launched now.

Did Feng find another backer?

He Jiahao is naturally not afraid. He has more shares than the Feng family and has 1 billion yuan as a reserve fund, which is far beyond what the Feng family can match.

Hutchison Group announced a counter-takeover, and its stock price rose like a rocket, reaching 5.2 yuan.

Most investors hold a wait-and-see attitude, waiting for Hutchison Group and the Fung family to raise prices again.

Two days later, there was news that a large number of scattered stocks were sold on the stock market, and the stock price began to fall. Investors rushed to Huduoli Company, a subsidiary of HSBC Bank, to register and sell their stocks at a price of 5.5 yuan.

This made He Jiahao confused. What was the Feng family doing?

He soon figured it out. He Jiahao guessed that Feng Jiahao saw no hope of taking back Guang Sang Bank, so he pretended to initiate an acquisition and raised the stock price to ship the goods and make a quick profit.

Naturally, He Jiahao would not be polite and informed Huo Jianning to immediately purchase a large amount of Guang Sang Bank shares. If the share exceeds 75%, he would directly initiate privatization.

By initiating privatization at this time, Hutchison Group may have to raise debt again, but he cannot miss this good opportunity. Why did Li Jiacheng fail in the privatization of Kwong Sang Bank in his previous life? He doesn't know. Maybe there is some hidden reason. .

The next day Huo Jianning came to report on the acquisition of Guangsheng Bank.

"We have acquired 39 million shares of Guang Sang Bank, accounting for 13% of the total share capital. Hutchison Group holds 56.7% of the shares. The stock price has remained at 5.5 yuan and acquisitions have been stopped."

He Jiahao looked at Huo Jianning and asked, "Why not initiate privatization?"

Huo Jianning was well prepared, saying, "If the privatization is launched with a 20% premium, the funds involved will be around 850 million. However, according to surveys, many shareholders are not satisfied with the price of 6.6 yuan and think that there will be a premium of at least 50%, so I want to wait for the market Let it cool down before making plans.”

Huo Jianning's approach is understandable. Stock investors have always liked to take advantage of others. If it is privatized, Hutchison Group will suffer a lot of losses.

Today's market value of Kwong Sang Bank is only 1.65 billion, but privatization would cost more than 1 billion. Moreover, Hutchison Group holds 56.7% of the equity of Kwong Sang Bank. If it insists on privatization, I am afraid that it will be the "big winner" of Hong Kong. .

So, He Jiahao sighed helplessly and said, "Let's just do this for now and wait until the next stock market crash before privatizing it."

"Da Ku Real Estate has announced that it has reached a cooperation with Heli Garment Co., Ltd. to jointly develop the Yuen Long factory land." Huo Jianning reported the next task.

The factory land area of ​​Heli Garment Co., Ltd. is more than 90,000 square feet. According to general calculations, this project can earn 100 million. But now that it has been blocked by Dagu Real Estate, He Jiahao is a little angry.

However, remembering the previous acquisition of Dagu Real Estate in conjunction with the Bank of East Asia, his anger subsided.

Dagu Real Estate has been controlled, and there is not much possibility of successful acquisition. Therefore, the only way to deal with Dagu Real Estate is to use the strategy of "killing the enemy by one thousand and damaging yourself by eight hundred." interests of Huamei Land and Hutchison Group.

Therefore, He Jiahao chose to tolerate this matter and deal with Dagu Real Estate in the future.