The rise of Hong Kong's wealthy families
Chapter 250 The acquisition was discovered (new book for collection)
The Spring Festival holiday is fleeting!
For ordinary people, this is a holiday, but for He Jiahao, it is a working day. Such a holiday has become an excuse to connect with each other and even reach an intention of cooperation during the conversation.
mid february
Wheelock only holds 28% of the shares of United Enterprises. In addition, the shipping industry is currently in recession, and the stock market is flooded with scattered shares of United Enterprises. It took Manulife Development Company a week to acquire 34.9% of United Enterprises. % of the shares, and it did not alarm the market at all, and the stock price remained sluggish.
Shen Dingqian really wanted to launch a comprehensive acquisition of the joint enterprise and control the 6.8% shares of Wheelock Company he held. However, this would alert the enemy or even trigger the acquisition case in advance, putting Manulife's development in a dilemma.
Manulife Development Corporation became the largest shareholder of the conglomerate, and the news was kept secret. This may cause dissatisfaction with the Securities Department, but the interests involved can ignore these consequences, and by then Manulife Development can be said to have been acquired recently.
The situation of Wheelock Company is very bad. Although John Madden is looking for funds everywhere to alleviate Wheelock's debt problem, he cannot get too much funds. In addition, the Zhang Yuliang family, the largest shareholder of Wheelock Company, wants to withdraw from Hong Kong. , simply do not want to spend too much money to rescue Wheelock Company, but only want to invest in Australia. Wheelock's predicament is already difficult to solve unless new financing is introduced.
Financing will inevitably dilute the Zhang Yuliang family's shares, so Zhang Yuliang naturally refuses. After all, it has shaken his position in Wheelock Company. If someone replaces him, he will lose money.
Zhang Yuliang is an extremely stingy person, stingy to his family, stingy to his friends, and stingy to himself, so it is difficult for him to let go of such a large amount of interests.
In December last year, Zhang Yuliang had made suggestions to John Madden about the debt problem of Huade Feng Shipping Company, but unfortunately John turned a deaf ear. Now the real estate trust company has 1 billion Hong Kong dollars in cash on its account, so John asked the real estate trust company Borrowing HK$93.6 million, Zhang Yuliang exercised his power as a major shareholder, claiming that 'the cash was invested in real estate by all shareholders and resisted John's decision'.
These incidents made the already bad relationship between the two people even more secretive. The company's operations became increasingly difficult and it was on the verge of liquidation.
When He Jiahao heard this news, he felt a little relieved. This was similar to the situation in his previous life, but he told Shen Dingqian to continue to buy Wheelock's shares in the stock market without any slack.
The next day Shen Dingqian was very anxious and broke into He Jiahao's office.
Shen Dingqian was rarely so impolite. It was obviously something urgent, "Oh no, boss!"
However, Ho Ka-Hao was very calm and asked, "What's going on? Is it the Land Company's business or Wheelock's?"
"It's from Land Company. Our acquisitions in the stock market were discovered." Shen Dingqian said in a panic. After being discovered, he naturally fought back.
"How many shares of Land Company and Jardine Matheson Company have we acquired?" He Jiahao asked after pondering, realizing that it was only a matter of time that the competition for stocks was coming soon.
"Land Company 32.3%, Jardine Matheson Company 14.7%." Shen Dingqian reported, but his eyes were always on the boss.
He Jiahao smiled and said, "Now that we have been discovered, let's start grabbing shares. Increase the stock holdings to 35%, and then apply to the securities office for a full acquisition. Remember not to hesitate at all. It will all cost money anyway, so why not Be generous.”
Seeing that his boss was so calm, Shen Dingqian also calmed down a lot and nodded in agreement, "Yes, do we need to continue to raise some funds?"
"Yes, but this is just a smoke bomb. In fact, we don't need to raise any funds." He Jiahao paused and said, "The stock acquisition of Jardine Matheson Company can be bolder, but it is better not to be discovered."
Shen Dingqian received instructions from He Jiahao and went to arrange things again.
Jardine Company Headquarters
Three big figures, Simon Keswick, Chief Executive Officer of Jardine Matheson Company, Dai Weisi, Chief Executive Officer of Land and Resources, and Victor Bausch, Senior Consultant of Jardine Matheson Company, gathered in the Chief Executive Officer's office. The atmosphere at this time was very solemn, with gloomy expressions on the faces of the three of them. , obviously they already knew that Taihe Investment Company had launched an acquisition of Land Company.
"It has been found out that Taihe Investment Company is a new company jointly operated by New World Development Company and Manulife Development Company. The boss behind Manulife Development Company is a young rich man who has been in the limelight in Hong Kong in recent years. He already owns Huamei Real Estate Company, and The comprehensive market value of listed companies such as Jiji Group and Towngas Company exceeds 25 billion, and real estate companies such as Huamei Real Estate have sold most of their properties before the big crash and are close to cashing out," Dai Weisi, CEO of Land, said sadly.
The more he listened, the more Simon Keswick frowned. This was clearly a premeditated acquisition, not a sniper attack as rumored. Moreover, he felt that He Jiahao had more than just the funds mentioned in the Dai Weisi report. How could three to four billion Hong Kong dollars be possible? Defeat Jardine Matheson.
"Is this the only information?" Ximen asked in a bad tone.
"That's all for now, other information will be added slowly." Dai Weisi glanced at Ximen and replied.
The information found is all nonsense. The most important thing now is to find out how much money He Jiahao and the others have. As long as Jardine Company can surpass Taihe Investment Company in terms of funds, the Land Company can easily keep it.
This is Simon's only thought right now.
"How much money does Jardine Matheson still have on its account to acquire Land's shares? We can't lose the right wing of Land." Ximen's breathing became rapid.
"600 million Hong Kong dollars, this is all the cash of Jardine Matheson Company, but we can borrow more funds from banks." Bausch replied, with a tone of optimism, as if the situation was not very critical.
"Consultant Bauvis, we need to snap up the shares of Land Company immediately. We must acquire 34.9% of the shares before Taihe Investment Company, otherwise we are likely to lose Land." Ximen said seriously.
"According to the estimates of the securities department, Taihe Investment Company already holds no less than 30% of the shares. We can seize this and propose to the Securities Department that 'Taihe Investment Company already holds no less than 35% of the Land shares, triggering the The bottom line of a comprehensive acquisition will create some obstacles for Taihe Investment Company and give us a little time to raise funds." Bao Weishi made insidious suggestions.
"Okay, please ask Consultant Bausch to go to the securities office and buy us more time." Ximen agreed immediately.
"Which bank do we need to borrow money from? Shen Bi from HSBC Bank has already had a lot of opinions on us. He always urges us to repay our debts. I'm afraid it will be difficult to borrow money from HSBC Bank." Bowser shrugged.
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