The rise of Hong Kong's wealthy families

Monday, March 12, 1984

Taihe Investment Company and Manulife Development Company signed relevant contracts with Jardine Matheson Company and Land Company. Taihe Investment Company successfully won the Land Company, Manulife Development Company made a small profit, and Jardine Matheson Company was greatly damaged. The title of He Chaoren resounded throughout Hong Kong.

The stock price of Jardine Matheson Company fell significantly, from 21 yuan to 16 yuan per share, a drop of more than 20%. Although the stock price of Land Company fell, the decline was very small, only falling 0.5 yuan, and the stock price remained at 13 yuan. about.

Jardine Matheson first lost Wharf Company and now Land Company, which can be said to have cut off both arms. However, Jardine Matheson's trunk is still huge. It can develop with ease without the burden of Land Company. After all, the development of Hong Kong There are still many opportunities, otherwise Liu Luanxiong in the original history would not have come from behind and become one of the top ten candidate chaebols.

Although Taihe Investment Company acquired Land, the situation of Land Company is very complicated. Most of the management are foreigners. Some foreigners even hurriedly resigned when they heard that Land Company was acquired. Jardine Company also accepted these "loyal ministers" A good general'.

Fortunately, He Jiahao was prepared in advance and would not be in a hurry. However, it was also very tricky, because at this time, the Land Company and its affiliated companies were all in panic. Even if He Jiahao's people wanted to become the mainstay, it would take some time.

Kinmen Construction Company, a subsidiary of Jardine Matheson Company, has been raising issues with Land Corporation regarding the construction project of the Exchange Plaza (site of the bus terminal), in an attempt to cause Taihe Investment Company to fall into greater panic.

Manulife Development Corporation Office

He Jiahao met with Zheng Yutong and his son here to discuss matters regarding the Land Company.

"Ah Hao, you still need to stabilize the management of the Land Company and its subsidiaries first, and then you can replace those managers who are not doing the right thing. Now the Land Company is yours, so it is necessary to lower your posture a little." Zheng Yutong He said earnestly.

In Zheng Yutong's impression, He Jiahao is a very fierce person, even with a reckless image of "I'll fuck you if you don't accept it", so he is a little afraid that He Jiahao will make the management of the real estate company even worse.

"Uncle Tong, don't worry. I don't understand the current situation." He Jiahao nodded and said with a smile, "Those are just small things. Let them make trouble for a few days, and then we can catch a few chickens and kill them for the monkeys to see." .”

"The Prince Building transaction can be postponed a little later. You need to get the Land Company in order first." Zheng Yutong said to He Jiahao.

He Jiahao poured tea for Zheng Yutong and Zheng Jiachun and said, "The current Land Company is a bit bad, but with my joining, the situation will get better and better. The Land Company's foundation is still very good. Uncle Tong, do you want to invest?"

Today, Taihe Investment Company holds more than 70% of the shares of Land Corporation, consuming nearly 7 billion Hong Kong dollars, of which New World Development accounts for about 22%. If New World Development Corporation exchanges this part of the shares for Prince's Building, Manulife Development Corporation will pay Land Corporation 1.5 billion in cash, including the HK$480 million earned from Jardine Matheson shares, Manulife Development will have to pay at least HK$8 billion for this acquisition war.

Therefore, He Jiahao does not want New World Development Company to withdraw. In any case, Manulife Development Company also needs an ally.

Zheng Yutong naturally knew what He Jiahao meant, so he seriously considered it. Investing in the Land Company would undoubtedly have high returns. The Central Property owned by the Land Company was the only one in Hong Kong. Once the local market picked up, those debts would become less urgent. , and with the presence of the rich man He Jiahao, the real estate company's asset value will definitely skyrocket.

But Zheng Yutong has other development plans, and also wants to take over the Prince's Building to increase the market value of New World Development.

After five minutes, Zheng Yutong decided, "How many shares can I get with 1 billion Hong Kong dollars?"

"How about 15% from the Land Company?" He Jiahao said with a smile. It was naturally too much according to the market price.

Zheng Yutong shook his head and said, "That's too much, let's say 10%! I will raise another 1 billion Hong Kong dollars and give it to Hong Kong Land Company in exchange for Prince's Building. How about it?"

That is to say, Manulife Development Company needs to pay Hong Kong Land Company 500 million Hong Kong dollars in cash, so Manulife Development Company will hold about 60% of Land Company's shares.

"Okay! Then I'll take advantage of Uncle Tong." He Jiahao said in a joking tone.

Zheng Yutong smiled bitterly and said, "No one takes advantage of anyone. You spent more than 10 billion in cash to acquire Jardine Matheson and Land at the same time. Only then will the Keswick family admit defeat. Otherwise, no one knows how long this war will last." when."

"Haha!!" He Jiahao laughed and said, "Uncle Tong is also willing to help at such a time, otherwise I would be under a lot of pressure."

"It would be good to turn this bargain hunt into a high-end building in Central and invest in a real estate company. If you really think about it, New World Development will take advantage." Zheng Yutong said with a smile.

Zheng Yutong is a steady businessman who never forgets development. He spent 2.5 billion in cash this time, which is already a very bold investment. The next bargain hunting may only involve a small amount of money.

After Zheng Yutong and his son left, He Jiahao immediately summoned senior executives such as Shen Dingqian, Huo Jianning, Gao Ci, and Chen Yong. The conference room could only be placed at Manulife Development Company. After all, the real estate company had no direct relationship with Huamei Real Estate Company and Hutchison Group.

"The content of this meeting is very simple. The management of Land Company will usher in a small number of personnel changes, including some important positions in its subsidiaries."

He Jiahao looked around for a week, paying attention to the expressions of his subordinates, and continued, "Huamei Real Estate Company and its subsidiaries mobilized 20 financial personnel, Hutchison Group also sent 20 people, and Manulife Development Company sent 8 people, all of whom went to the real estate company and subsidiaries to take over the finance. Department personnel must be reliable and have outstanding professional capabilities. If there are any problems in the Land Company, we will immediately notify the Independent Commission Against Corruption and other relevant departments to intervene. We will not take the blame for anyone."

"Boss, such a large-scale transfer is likely to affect the stock price. Do you want to notify Land's board of directors?" Huo Jianning suggested.

He Jiahao looked at Shen Dingqian, the newly appointed CEO of Land Company, and asked, "What do you think, Mr. Shen?"

Everyone knows that the boss is inspecting Shen Dingqian. If Shen Dingqian's answer does not satisfy the boss, he may be eliminated. Their opportunity has come.

After this battle, Shen Dingqian became familiar with the boss's domineering style and was definitely unwilling to argue with the board of directors, so he firmly said, "I don't think there is any need to inform the board of directors. The first reason is that there is not enough time, and the second reason is that Taihe Investment Company already holds 70% of the shares and has one vote to decide."

Shen Dingqian's answer was in line with He Jiahao's wishes. Most of the shareholders of the Land Company were foreigners, and being embarrassed was a sure thing. He Jiahao naturally didn't want to do these things like taking off his pants and farting, especially at this critical time.

"Okay, is there anything else to discuss?" He Jiahao smiled.

Then the executives put forward some suggestions for job transfers and asset restructuring.

At this time, the Land Company was also in chaos, because He Jiahao was watching with cold eyes. At the same time, he checked all the information of the senior staff of Land and its subsidiaries, screened some of the available personnel, and prepared to conduct separate interviews. After all, all of them were replaced. Management is very unrealistic.